WCI #37: Introducing the WCI Online Course: Fire Your Financial Advisor
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 18 January 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
This episode is an introduction to the new WCI course, Fire Your Financial Advisor! Over the years that I've been helping doctors and other high income professionals stop doing dumb stuff with their money, I've learned that most of them aren't hobbyists. They don't find personal finance and investing all that interesting. In fact, if given the choice, they'd rather not do it at all. Ideally, they would hire a "money guy (or gal)" who would take care of all this for them for a reasonable price.
Unfortunately, one of two things usually happens. The first is that they hire a "money guy," but that person either gives crummy advice or charges too much for good advice. The second is that they become so busy or so paralyzed about which "money gal" to hire that they don't do anything at all. Either way, they leave a lot of money on the table and go through life with a sense of unease that they are doing something wrong with their finances.
Does that describe you? If so, this course is for you. No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For 1/10th the price and half the time of hiring a professional financial planner, this course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was.
Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://www.whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place. 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 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. |
| 0:12.0 | Here's your host, Dr. Jim Dolly. 3rducing the online course. |
| 0:23.0 | Getting quality disability and life insurance should be the first financial chore for a doctor to complete. |
| 0:28.0 | Most docs don't have the ideal policy for their list of vetted agents who are experienced with working with the specific needs of medical professionals |
| 0:44.9 | and who have your best interest at heart. If you have questions about insurance and what kind of policies |
| 0:49.5 | would be the best fit for you, check out our insurance recommended list at whitecode investor.com |
| 0:54.4 | slash insurance and feel the peace of mind that comes with knowing you have the |
| 0:58.1 | optimal policy in place. You can do this and the white code investor can help. |
| 1:03.0 | Our quote of the day today comes from Daniel Crosby, |
| 1:05.5 | who said you can realistically afford half the home the mortgage broker approves you for. |
| 1:10.0 | I think that's probably about right on average. |
| 1:12.0 | If you want to build any kind of wealth, you can't spend all your money on housing. |
| 1:16.0 | In today's podcast, I wanted to talk a little bit about the online course that we just released three days ago and which for the next week is |
| 1:24.3 | being offered at a 20% discount or $100 off its 499 price. Don't procrastinate |
| 1:30.0 | or you'll be paying a little bit more. Of course it's still a bargain even at its |
| 1:33.7 | regular price. Now you don't have to complete the course in the next week all you got to do |
| 1:37.5 | is buy it in the next week to get the discount. But we're calling this course |
| 1:41.2 | fire your financial advisor. |
| 1:43.0 | Now I interact with thousands of white-coat investors every year |
| 1:47.0 | and I try to offer something for everyone. |
| 1:50.0 | No matter what their level of financial knowledge or discipline, motivation or resources might be. |
... |
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