WCI #244: The Finances of Professional Cyclists

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 6 January 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our special guest today is Toms Skujiņš. Toms is a professional cyclist, an avid podcast listener and a White Coat Investor. Toms races at the highest level and is currently the best cyclist in Latvia in not just one discipline, but two. He's been the Latvian national time trial champion and the national road race champion twice. He's been the Latvian cyclist of the year four times. Toms has completed the Tour de France four times. He has raced in most of the biggest races in the world. Last year, he nearly won a stage at the Tour de France. We discuss the income, contracts, investments, and more of professional cyclists.

White Coat Investor created a company called https://studentloanadvice.com to help doctors, dentists and other high earners tackle and defeat their student debt. Letting a professional guide you through the best options to manage your loans will save you hours of research and stress and potentially save hundreds to thousands of dollars with your custom student loan plan. Book a consultation with Andrew Paulson, the lead student loan consultant and co-founder of https://studentloanadvice.com today.

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

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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 244, the finances of professional cyclists.
0:23.0	Studentaloneadvice.com is a White Code Investor company created to help doctors, dentists, and other high-earners tackle and defeat their student debt.
0:30.0	Let it and professional guide you through the best options to manage your loans,
0:33.0	we'll save you hours of research and stress, and potentially save hundreds to thousands of dollars with your custom student loan plan.
0:39.0	Book a consult with Andrew Paulson, the lead student loan consultant and co-founder of StudentLoneAdvice.com today.
0:46.0	Welcome back to the podcast, New Year, New You, right? Let me give you some accountability.
0:53.0	It's time when we're setting goals for the year.
0:56.0	Our financial goal for last year was to do our estate planning.
0:59.0	As I record this on December 2nd, I'm pleased to announce that we actually did our financial goal.
1:05.0	We signed our will and formed a trust, etc. Just signed this morning.
1:10.0	I'm proud to say we've accomplished our financial goal for the year. I hope you were also able to accomplish yours for 2021.
1:17.0	I'm that you're setting one as well for 2022.
1:20.0	Thanks so much for what you do, by the way.
1:23.0	It's another year, another year of practice in medicine for a lot of you, and another year in the pandemic.
1:29.0	We will soon be into our third year of this pandemic, and although in some respects it's winding down, and others it isn't.
1:35.0	Thanks for putting up with it, and for persevering, even those of you who aren't in medicine, it's a lot of hassle to try to live your life a little bit differently, to reduce risk for yourselves and others.
1:47.0	Thanks for doing that.
1:49.0	Our quote of the day today is from Lance Armstrong.
1:52.0	He said, it's liberation independence, your first set of wheels. A bike is freedom to roam without rules and without adults.
	...

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