WCI #206: 10 Commandments for Financial Independence
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 15 April 2021
⏱️ 50 minutes
🧾️ Download transcript
Summary
The White Coat Investor went up into the Mount and out of the burning bush came a finger which engraved on the stone tablets the following 10 commandments https://www.whitecoatinvestor.com/the-10-commandments-of-the-white-coat-investor/ . Okay, these are not quite as good as those that were given to Moses, but this is the financial and investing philosophy of The White Coat Investor. You may not agree with all of it, but if you follow these commandments, financial success is guaranteed.
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:18.0 | This is White Code Investor, podcast number 206, the 10 Commandments of the White Code Investor. |
| 0:23.0 | This podcast is sponsored by Bob Bionny, at drdisabilityquotes.com. |
| 0:28.0 | He's an independent provider of disability insurance planning solutions to the medical community in every state in a long-time White Code Investor sponsor. |
| 0:35.0 | He specializes in workers' residents and fellows, early in their careers to set up sound, financial, and insurance strategies. |
| 0:41.0 | If you need to review your disability insurance coverage, or to get this critical insurance in place, contact Bob at drdisabilityquotes.com. |
| 0:49.0 | You can email info at drdisabilityquotes.com, or you can call 973-7719-100. |
| 0:56.0 | A couple of things I want you to be aware of. We're given stuff away. |
| 1:00.0 | Today, the day this podcast drops is the last day to apply to be a champion for your first-year medical or dental school class. |
| 1:08.0 | We are trying to give away a million dollars worth of books to first-year students this year. |
| 1:13.0 | This is the White Code Investors Guide for Students. |
| 1:15.0 | So if you'd like to do that, today is the day to apply. |
| 1:18.0 | So email champion at whitecodeinvestor.com, and we'll get you lined up for that if your class doesn't already have a champion. |
| 1:26.0 | We're also trying to give away some money to people that are educating their students, residents, peers, etc. |
| 1:32.0 | These are financial educators. |
| 1:34.0 | You can't be a financial advisor and win. |
| 1:36.0 | You can't be a blogger, a financial blogger, a podcaster, a real estate investor to win, right? |
| 1:42.0 | These are people who are doing this out of the goodness of their heart, who are teaching their students, teaching their residents about finances, whether they're running a course, whether they're giving lectures. |
| 1:51.0 | However, they're doing it, whether they're doing it informally. |
| 1:54.0 | Please nominate these faculty members for this award. |
... |
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