WCI #258: How to Set Up a Budget, and Why It Can Be So Valuable
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 14 April 2022
⏱️ 52 minutes
🧾️ Download transcript
Summary
Budgeting is simply a plan of what your money needs to do. It helps align your spending with what you value so you can achieve your financial goals. Despite what it might feel like, budgeting actually is not restrictive but gives you freedom to spend the way you want without stress and guilt. We talk about different types of budgets and who those budgets might work for. Disha provides insight on different budgeting apps and products, and we talk about why budgeting is important and how it is not just for beginners in the financial world. We also dive into some questions from our listeners about taxes, spending, and investing. See full show notes here https://www.whitecoatinvestor.com/how-to-set-up-a-budget
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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. |
| 0:05.3 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:14.9 | This White Code Investor Podcast number 258, how to set up a budget, investing, spending, and tax Q&As. |
| 0:21.8 | Today's episode is hosted by me, Jim Dolly. I'm an emergency physician and the founder of the White Code Investor, |
| 0:28.1 | as well as my co-host, Thisha Spath, an internist, who is also one of our WCI ambassadors. Welcome back to the podcast, Thisha. |
| 0:37.6 | Thanks so much for having me. |
| 0:39.8 | Let's tell them about our sponsor. Have you ever considered a different way of practicing medicine, |
| 0:44.2 | whether you are burned out, need to change a pace, or looking to supplement your income, |
| 0:48.7 | low-income tenants might be the solution for you. |
| 0:51.1 | Not sure where to start, lowcomestory.com is a place where you can get real, unbiased answers to your questions. |
| 0:56.9 | Answer basic questions, like what is low-income tenants? |
| 0:59.8 | More complex questions about pay ranges, taxes, various specialties, and how low-income tenants can work for you. |
| 1:06.2 | Go to lowcomestory.com and get the answer. |
| 1:09.7 | Here's the deal. If you like this podcast, this podcast is totally driven by what you're interested in, right? |
| 1:16.9 | The blog is much more so what I'm interested in writing about, but this is what you're interested in hearing about. |
| 1:22.3 | A lot of this podcast is driven by your questions. If you don't know where to leave your questions, |
| 1:28.7 | go to speakpipe.com slash whitecodeinvestor. |
| 1:34.0 | You can leave your questions. You can record up to a minute and a half. Don't feel like he got to fill the whole minute and a half. |
| 1:39.2 | Sometimes we even cut them down if you get too blabby. |
| 1:42.5 | You can leave a question up to a minute and a half and we will answer them on this podcast. |
| 1:48.6 | That's a great way for you to participate. The truth is, if you have a question, |
| 1:52.6 | almost surely dozens of other whitecode investors also have the question. |
... |
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