WCI #401: Risk vs Reward - How to Find the Balance
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 9 January 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
Today we are talking about finding balance in our lives. We discuss how to know what our risk tolerance is both in the finance space but also in our lifestyle. It is important to do the things we love that bring us joy, even if there is some risk involved. But at what point do we cross into reckless? We talk about how to know when we are working too hard and are too focused on saving for retirement that we forget to live our lives right now. We also chat with our friend Dr. Jordan Grumet, who will be a keynote speaker this year at WCICON. He is passionate about helping people find meaning in their lives to maximize happiness.
Laurel Road is committed to serving the financial needs of doctors. We want to help make your money work both harder and smarter, with A Laurel Road High Yield Savings account. Build your savings with highly competitive rates, no minimum balance to open, and no monthly maintenance fees. Whether you’re saving for an emergency fund or planning your next big purchase, you can keep building your savings and access your funds whenever you need them. For terms and conditions, please visit https://www.LaurelRoad.com/WCI. Laurel Road is a brand of KeyBank N.A. Member FDIC.
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. |
| 0:06.2 | 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 episode number 401. Brought to you by Laurel Road for doctors. |
| 0:21.6 | Lower Road is committed to serving the financial needs of doctors. We want to help make your |
| 0:25.0 | money work both harder and smarter with a lower road high-yield savings account. |
| 0:29.7 | Build your savings with highly competitive rates, no minimum balance to open, and no monthly |
| 0:34.1 | maintenance fees. Whether you're saving for an emergency fund or planning your next big purchase, |
| 0:38.6 | you can keep building your savings and access your funds whenever you need them. |
| 0:42.3 | For terms and conditions, please visit www. |
| 0:45.6 | laurel road.com forward slash WCI. |
| 0:48.8 | That's www. |
| 0:49.9 | laurel road.com forward slash WCI. |
| 0:52.6 | Lower Road is a brand of Key Bank and a member fdic all right |
| 0:57.6 | our quote of the day today comes from susie orman who said when you understand that your |
| 1:02.4 | self-worth is not determined by your net worth then you'll have financial freedom and that's a |
| 1:08.3 | great introduction i think to what is uh what we're going to be talking about today |
| 1:13.1 | in this episode. We're going to be discussing a lot about life and how life isn't completely |
| 1:18.8 | determined by your net worth, certainly not the quality of your life. And I think a lot of you |
| 1:25.1 | know this, deep down inside you know this, but we tend to forget it |
| 1:28.9 | from time to time. Well, let me remind you, if nobody's thanked you for the important things you're |
| 1:34.2 | doing in your life, which is not necessarily managing your money, let me be the one to thank you. |
| 1:39.0 | You do a hard job. Maybe you're coming home from a rough day or a rough shift, and it's important |
... |
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