WCI #362: Recasting a Mortgage and Beating a Non Compete

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 11 April 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we are answering your questions about how to get rid of a timeshare that was gifted to you, if it is legal or a good idea to use student loan money for a downpayment, if you should pay off your mortgage early and what recasting a mortgage is and if it is a good idea. Dr. Dahle also answers a few questions about non compete contracts.

Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and hundred-dollar-a-month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi
* Loans originated by SoFi Bank, N.A., NMLS 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.

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.
0:06.1	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:21.0	This is White Coat Investor Podcast number 362, recasting a mortgage and beating a a non-compete.
0:22.0	Today's episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness.
0:29.0	SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial
0:35.2	planning, and student loan refinancing.
0:37.0	Featuring an exclusive rate discount for med professionals, $100 month payments for residents.
0:42.3	Check out all the sofFi offers at whitecoat investor.
0:44.5	dot com slash SoFi.
0:46.6	Loans originated by SoFi Bank NANMLS 696891 Advisory Services
0:50.9	by SoFi Wealth LLC. The brokerage product is offered by SoFi securities
0:54.6	LLC member FINRA SIPC. Investing comes with risk including risk of loss to additional terms and
0:59.3	conditions may apply. All right it's that time of year again. We're doing our financial educator award.
1:06.0	This goes to somebody who is a practicing doc, but is spending some time on the side educating their colleagues, trainees, and students
1:16.1	about financial literacy.
1:18.8	So we want to encourage you to nominate them for the award. You can do that at whitecode investor.com
1:26.1	slash educator and we will bribe you to do it. Not only does the person who wins the
1:30.8	award get a cash prize but the best nomination for that person also gets
1:36.4	a WCI online course of their choice.
1:40.2	So please give us those people who are doing a great job out there educating.
1:44.4	They can only win once. If you won in past years, you can't win again.
1:48.2	But we want financial education to be accessible to everybody. I can't go out and talk at every
	...

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