WCI #38: Bitcoin, Prenups, and Investing vs Paying off Debt
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 25 January 2018
⏱️ 20 minutes
🧾️ Download transcript
Summary
In this episode Dr. Dahle answers listeners' questions about bitcoin, prenups, and whether you should be investing or paying off debt.
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. 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. |
| 0:14.0 | Welcome to podcast number 38, where we're going to talk about Bitcoin, pre-nups, and investing versus paying off debt. |
| 0:26.6 | I estimate that 80% of doctors need want and should use a financial advisor and or an |
| 0:32.1 | investment manager. |
| 0:33.0 | Some investment gurus such as Dr. William Bernstein think my estimate is way too low. |
| 0:37.0 | At any rate, if you want to use an advisor temporarily or for your entire life, |
| 0:42.0 | there's no reason to feel guilty about it. |
| 0:44.0 | Just make sure you're getting good advice at a fair price. |
| 0:48.0 | If you need help updating your financial plan or just getting one in place, |
| 0:51.0 | check out our list of recommended financial advisors at white code investor |
| 0:54.5 | dot com slash financial dash advisors you can do this and the white code investor can help. |
| 1:00.7 | Our quote of the day today comes from Charles Farrell who said all decisions you make should help you move from being a labor to being a capitalist. |
| 1:08.0 | And being a capitalist all that means is financial independence where your money is working just as hard as you are. |
| 1:15.0 | All right, our subject today comes from a quick email that was sent in by a podcast |
| 1:20.1 | listener, Jeremiah, a hospitalist in Minnesota. |
| 1:23.0 | And he said, any possibility you could do a podcast on Bitcoin? |
| 1:27.0 | And I thought, wow, more Bitcoin. |
| 1:30.0 | Seems like everybody wants to talk about Bitcoin these days. |
| 1:33.1 | I actually did a newsletter, a special tip about Bitcoin back the 1st of December. |
| 1:39.7 | But apparently there are a lot of podcast listeners and blog readers who don't get the newsletter |
... |
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