WCI #268: When Is It Time to Stop Being Cheap?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 23 June 2022
⏱️ 55 minutes
🧾️ Download transcript
Summary
In this episode we talk about when it is time to stop being so cheap and when to loosen the purse strings. For those of us that spend the many years of residency and early attending years being extremely frugal, it can be hard to know when and how to change that. We cover several questions that you can ask yourself to know if it is time to start having some fun with your money. We also tackle some reader questions regarding tax-loss harvesting with Bitcoin, asset protection for cars, and when you should change your investment strategy if the markets are bad. Hint: You don't! See full show notes here: https://www.whitecoatinvestor.com/when-is-it-time-to-stop-being-cheap-268
If you're looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI monthly Real Estate Opportunities list for tips and strategies to maximize your real estate returns and for introductions to exclusive investment opportunities. Expect educational emails that introduce you to syndicators, fund companies, online courses, and online real estate platforms. Go to https://www.whitecoatinvestor.com/reopportunities to sign up today. 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 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!
Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter
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. |
| 0:05.3 | 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 268, when is the time to stop being cheap? |
| 0:20.3 | This episode is supported by provider solutions and development. |
| 0:23.2 | Expert recruitment advisors with 20 plus years experience and exclusive access to hundreds of positions nationwide. |
| 0:29.2 | Recruitment had to change, so they took away quotas and started listening to clinicians. |
| 0:33.4 | Whenever your next career move happens, you deserve a job search partner who considers who you are before looking for your next role. |
| 0:39.6 | Find the place you're meant to be. Reach out to one of their career navigators today at info.psdconnect.org |
| 0:47.8 | forward slash White Code Investor. |
| 0:51.2 | Welcome back to the podcast. |
| 0:53.2 | I've been having a great summer here. Hope you have as well. |
| 0:56.2 | Summer time means scholarship time here at the White Code Investor. |
| 1:00.0 | So if you are a full-time professional student in good standing, you can apply for the White Code Investor Scholarship. |
| 1:07.3 | We give away tens of thousands of dollars every year to professional students. |
| 1:12.8 | Usually medical students, but dental students and other professions can also apply. |
| 1:17.0 | You can get more information about this at whitecodeinvestor.com slash medical-school-scholarship |
| 1:22.6 | or you can find it under the WCI plus tab at whitecodeinvestor.com. |
| 1:27.3 | But we need not only applicants for the scholarship, we need judges. |
| 1:32.1 | Because the White Code Investor staff wants to be completely unbiased. |
| 1:35.2 | So none of us are judges. None of us are deciding who's getting the money. |
| 1:39.0 | It's our audience that decides that. |
| 1:40.8 | So if you are a practicing clinician, a practicing professional, a retiree, etc., you can be a judge. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.