WCI #262: Kids (and Engagement Rings) Are Expensive! And What Is the Future of WCI?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 12 May 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
In this episode we discuss the cold hard truth that kids are just really, really expensive. Childcare is one of those things that can be complicated and expensive. We review some options for childcare and how to get a little cutback on the cost of that. We also discuss how much is reasonable to spend on an engagement ring, debate if second homes are worth purchasing, discuss the merits (or lack thereof) of robo-advisors, and review some of the ins and outs of Roth conversions. See show notes here: https://www.whitecoatinvestor.com/kids-are-expensive-262
Our sponsor, Bob Bhayani 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 if you just need to get this critical insurance in place, contact Bob at https://drdisabilityquotes.com today. You can email [email protected] or call (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
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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 is White Code Investor Podcast number 262, cost of raising a child, questions on homes, rings, and robo-advisors. |
| 0:22.9 | This podcast is sponsored by Bob Bionny at drdisabilityquotes.com. |
| 0:27.9 | He's an independent provider of disability insurance planning solutions to the medical community in every state, |
| 0:32.7 | and a long-time White Code Investor sponsor. |
| 0:35.1 | He specializes in work with residents and fellows early in their careers to set up sound financial and insurance strategies. |
| 0:40.7 | If you need to review your disability insurance coverage, or you just need to get this critical insurance in place, |
| 0:45.6 | contact Bob at drdisabilityquotes.com today. |
| 0:49.7 | You can email info at drdisabilityquotes.com or you can call 973-771-9100. |
| 0:57.3 | Let's see, we're recording this. It's March 28th. This actually isn't going to run until May 12th. |
| 1:02.3 | You know what that means when there's six weeks between the time of recording and the time it's going to run. |
| 1:07.4 | It means I'm about to go have a whole bunch of fun. |
| 1:09.9 | But today we are together. I am here with dr. Thisha Spath, my co-host here on the White Code Investor Podcast. |
| 1:16.3 | And we have got a great episode planned for you today. What have you been up to lately, Thisha? |
| 1:21.9 | Oh gosh, you know, just the usual kids and work and nothing too special recently. |
| 1:27.1 | How about you? |
| 1:28.1 | Well, I'm actually recording this between two trips. I'm in town for, let's see, 28 hours between a trip to Phoenix and a trip to Costa Rica. |
| 1:37.8 | And I've got a shift in that time period. So I've got a whole bunch of work this morning and packing bags in between the work. |
| 1:44.6 | And so it's pretty quick turnaround. But we're going to get this recorded. Cindy tells me we have to record this episode today, |
| 1:50.4 | because I'm apparently going to be out of town three or four weeks in April. |
| 1:53.2 | And she's going to be out of town the other week. So here we are recording six weeks in advance. |
... |
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