WCI #302: Where to Store Your Money
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 16 February 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
Today on the podcast we are answering your questions covering an array of topics. We spend some time on where the best place to save your money is when you need to be able to access it sooner than later. We cover when it is appropriate to carry under insured motorist coverage, we break down the different kind of CDs out there and even discuss some changes made to Venmo and whether or not that might affect your taxes.
Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. 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!
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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 302. |
| 0:18.1 | As we enter 2023, tax regulations have shifted in the past year. |
| 0:22.3 | It's more important than ever to ensure you're taken advantage of the available strategies. |
| 0:26.1 | By reviewing your tax plan at the beginning of the year, you can ensure you're not missing out on opportunities. |
| 0:30.8 | If you haven't heard about cerebral tax advisors, physicians all over the country work with them to lower their personal and business taxes through court tested, and IRS approved tax strategies. |
| 0:39.7 | Serial services or flat rate, they're focused on the client's return on investment. |
| 0:44.1 | You'd like to find out more or schedule a free consultation, visit their website at www.seribraltaxadvisors.com. |
| 0:52.7 | If you're looking for ways to make a little bit more money, and when I say a little bit more, I know some White Code Investors have made as much as $30,000 more in a year doing this. |
| 1:03.3 | But we have a number of partners that want your opinion and will pay you for it by having you do paid surveys at your own convenience. |
| 1:11.7 | While you're walking across the hospital, if you've got a mile walk to see your next patient, while you're standing on the bus, while you're whatever. |
| 1:20.3 | Whenever you have free time, while you're watching TV at night, you can do a survey. |
| 1:24.9 | But if you're looking to make a little bit more money, maybe have some self employment income, you can do that. |
| 1:31.3 | You can meet our partners at whitecodeinvestor.com slash paid surveys. |
| 1:35.9 | All right, today we're just going to be answering a whole bunch of your questions, and we've got a ton of them. |
| 1:40.5 | Lots coming in by email, a whole bunch on the SpeakPipe. |
| 1:43.5 | If you're interested in getting your questions on the White Code Investor podcast, the easiest way is to do it on the SpeakPipe. |
| 1:50.5 | Go to whitecodeinvestor.com slash SpeakPipe. |
| 1:52.5 | You can record a question of up to a minute and a half. |
| 1:55.5 | You don't have to use the whole minute and a half. |
| 1:57.5 | And we'll try to get it answered right here on the podcast. |
... |
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