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White Coat Investor Podcast

WCI #235: Pay Off Debt or Invest?

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 4 November 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

Today we are talking about whether it is better to pay off debt or invest. Like most financial questions the answer is, it depends. Read more at https://www.whitecoatinvestor.com/pay-off-debt-or-invest/. We discuss what to do if you have a chunk of money sitting in savings account and what to do with the money you are saving to purchase a home. We also update you on some important changes to PSLF. The requirements are being relaxed to include more people and more types of loans through October 2022. And finally, we have a guest on the podcast to share about a real estate investment opportunity.

This podcast is sponsored by Bob Bhayani at https://drdisabilityquotes.com He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://drdisabilityquotes.com today by email [email protected] or by calling (973) 771-9100.

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 for 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 channel is for you!

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Transcript

Click on a timestamp to play from that location

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's your host, Dr. Jim Dolly.

0:18.0

This White Code Investor Podcast number 235, pay off debt or invest.

0:23.0

Welcome back to the podcast. We're recording this on October 21st. It's going to run on November 4th. So happy November to you. Hope you're getting ready for a nice Thanksgiving. Hopefully you can get it turkey.

0:33.0

I hear you need to get it early this year if you want to get one. Dude, all the supply chain snafu's going on in the world right now.

0:41.0

A word from our sponsor. This podcast is sponsored by Bob Bionny, a Dr. Disability Quotes.com.

0:47.0

He's an independent provider of disability insurance planning solutions to the medical community in every state, and a long time White Code Investor sponsor.

0:53.0

Specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies.

0:59.0

Can you review your disability insurance coverage or get this critical insurance in place? Contact Bob drdisabilityquotes.com today.

1:07.0

You can email info at drdisabilityquotes.com or you can call 973-771-9100.

1:15.0

All right. Lots of new things going on these days. We need some champions. What's a champion? Well, a champion is a first year medical or dental student who's willing to pass out books, free books to their classmates.

1:31.0

And the White Code Investors guide for students. We're giving it away to every first year medical and dental student in the country.

1:37.0

But the way we're giving it away is by sending it to one person in your class and having them pass it out. So you can sign up for that. All you have to do is go to whitecodeinvestor.com slash champion and sign up.

1:49.0

Now we don't need 10 people from each class, but we do need one person from each class. We did this this spring and gave it away to about three quarters of the medical and dental students in the country.

1:57.0

But that means there's a quarter of them that didn't get it. So I don't want that to happen again this year.

2:02.0

So if you'd like to be the champion, please do that. We'll send you a WCI T-shirt for your efforts. If you send us a picture of you and your classmates with the books, we'll even send you a WCI tumbler.

2:13.0

So it's a great book. It's super useful. It's written exactly for you. You are the target audience. If you are a first year medical or dental student, and you can have it absolutely free for you and your classmates.

2:26.0

Now this sort of information early in your career might be worth a couple million bucks to you combined with your high income. And so multiply a couple million by the hundred or 200 people in your class. That's a lot of value.

2:37.0

And it's coming to you absolutely free. Whitecodeinvestor.com slash champion. Don't forget, end of this month is the due date, the deadline for signing up for WCI Con22, the position wellness and financial literacy conference.

2:54.0

Whether you're coming in person, and I recommend you sign up sooner than that if you're coming in person because the hotel block is going fast.

3:02.0

And that'll sell out before the conference does. So if you actually want to stay at the conference hotel, you need to sign up ASAP.

...

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