WCI #398: Doctors on Disability and Why You Need Disability Insurance

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 19 December 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are talking all about disability insurance. After Dr. Dahle's recent accident on the Tetons he is ever more passionate about the necessity for all docs to get disability insurance. We are bringing on two different docs who tell their stories of finding themselves in situations that required using their disability insurance. We then chat with friend of WCI and founder of Doc Insure, Matt Wiggins. He is an expert on DI and really helps to answer questions and a paint a picture of why doctors and other high income professionals need to get this insurance in place.

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 $100/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
0:04.8	shake on Wall Street. We've been helping doctors and other high-income professionals stop doing
0:09.6	dumb things with their money since 2011. This is White Coat Investor podcast number 398.
0:19.5	Doctors on disability and why you need disability insurance.
0:23.8	Today's episode is brought to you by SOFI, helping medical professionals like us,
0:27.4	bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings
0:33.8	accounts, as well as an investment platform, financial planning, and student loan fund refinancing, featuring an exclusive rate discount for med professionals and $100 month
0:42.7	payments for residents. Check out all that SOFI offers at whitecodeinvestor.com slash SOFI.
0:48.5	LUNs originated by SOFI Bank, NA, NMLS 696891, advisory services by SOFI wealth LLC.
0:53.0	The brokerage product is offered by SOPYS securities LLC.
0:55.2	Member of FINRAAS IPC, investing comes with risk, including risk of loss.
0:58.1	Additional terms and conditions may apply.
1:00.2	Our quote of the day today is a Japanese proverb.
1:02.7	Money grows on the tree of persistence.
1:05.6	Thanks for all of you out there.
1:06.7	We're glad you're with us.
1:07.7	Without an audience, there is no podcast. And without you out there
1:11.1	doing the important work that you do, there is no medical system either. So I'm particularly
1:16.1	grateful for the medical system this year. Today, we're going to be talking about disability.
1:21.2	And there's a lot of docs out there who are very grateful for the medical system as well.
1:25.6	So no one said thank you to you today. Let me be the first.
1:29.7	First years out there. I don't care what's your first year in, you know, medical school,
	...

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