WCI #326: Finances for Doctors With a Terminal Illness
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 3 August 2023
⏱️ 50 minutes
🧾️ Download transcript
Summary
Today we are talking with Dr. Adam Maclauchlan, a family medicine doc who was diagnosed with stage 4 lung cancer. He shares his inspiring story about how he is tackling this disease with a lot of love, grace and faith. He believes that leaning on God, strengthening family and patient relationships, living a healthy lifestyle and reducing stress are critical for overall health and wellness and are the reasons his cancer is being kept at bay. Dr. Maclauchlan is living a full life and making sure he is setting his family up for financial independence as quickly as possible. If you would like to chat with Adam, his email address is adammaclauchlan@gmail.com.
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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 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 is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the White Coat 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. |
| 0:16.0 | This is White Coat Investor Podcast number 326. |
| 0:20.0 | Finances for doctors with a terminal diagnosis. |
| 0:24.0 | Now is the perfect time to review your last tax plan. |
| 0:26.0 | Are you taking advantage of the available tax saving strategies? |
| 0:29.0 | Have you used all the deductions that can reduce your taxable income? |
| 0:32.0 | Srebral Tax Advisors is a White Coat Investor recommended tax firm that specializes in helping medical professionals lower their personal and business taxes. |
| 0:39.0 | Their services are flat rate, and they focus on their clients' return on investment. |
| 0:43.0 | Learn more, schedule a free consultation, visit www.srebraltaxadvisors.com. |
| 0:50.0 | All right, our quote of the day comes from one of my favorite prior WC icon speakers, Morgan Housel. |
| 0:57.0 | Said a big enough bonus can convince even honest, law-abiding finance workers selling garbage products that they're doing good for their customers. |
| 1:05.0 | And that sure is true. It's hard to look past that conflict of interest. |
| 1:10.0 | Okay, you may not know about this service we offer, this product line we have. |
| 1:15.0 | We partnered with card ratings. This is a credit card rating company, and they have a landing page with filters that allow you to sort through the various card types. |
| 1:25.0 | If you choose the right card or cards, a doctor or other White Coat Investor can maximize their convenience while potentially saving more money on purchases or earning free travel, making it worth the effort to find the right card for your situation. |
| 1:38.0 | You can find that link at whitecoatinvestor.com slash best-credit-cards-forward-doctors. |
| 1:46.0 | So you can find that on the website and make sure you have the card that's working best for you. |
| 1:52.0 | Obviously, if you were carrying a balance on your credit card, you shouldn't have any credit card at all. |
| 1:56.0 | But this is assuming you're paying it off every month using it responsibly, and it is actually a convenience card for you, a rewards card for you, etc. |
| 2:06.0 | Not a credit card. |
| 2:09.0 | All right, we're going to get into an interview today. It's kind of an interesting interview as you may recognize from the title of this podcast. |
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