WCI #41: Getting A Second Opinion
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 15 February 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
In the medical world, it is routine to get a second opinion. The more serious the condition, the more likely a patient will seek a second opinion. Most doctors take no offense to this, nor should they. However, in the world of financial advisors, a second opinion is rare and some advisors are personally offended by it. It shouldn't be any big deal to have one of your clients go pay for an hour or two of someone's time to make sure you're not doing anything too crazy with their money. Of course, I understand why it is a big deal since most clients that go for a second opinion never come back because most "advisors" aren't giving good advice. If you've never had a second opinion, I highly recommend it and will discuss ways to get that second opinion on your financial plan.
Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. 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 | The |
| 0:18.0 | Podcast number 41, second opinions. |
| 0:23.0 | Did you know that the White Coat Investor not only has a podcast and a blog, |
| 0:27.0 | but several books that will help you on your way to financial independence. |
| 0:30.0 | These books cover topics such as asset protection and minimizing your taxes to keep more of your hard-earned money. |
| 0:36.0 | They discuss plans for insurance, housing, spending, student loan elimination, investing, and estate planning. |
| 0:42.0 | You can learn how to become a millionaire within five to ten years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. |
| 0:52.0 | There's even a book geared directly |
| 0:53.9 | toward medical and dental students so you can start optimizing your finances early in your |
| 0:58.0 | professional journey. Find the book that is right for you at the WCI store at |
| 1:02.0 | shop. |
| 1:02.6 | white code investor.com or on Amazon. |
| 1:05.8 | You can do this and the white code investor can help. |
| 1:08.5 | Our quote of the day today comes from Charlie Ellis, who said if you must play the market |
| 1:12.4 | to satisfy an emotional itch, recognize |
| 1:15.1 | that you are gambling on your ability to beat the pros. |
| 1:18.2 | So limit the amounts you play with to the same amounts you would gamble with the pros at Las Vegas and keep accurate |
| 1:23.4 | records of your results and you'll soon persuade yourself to quit. |
| 1:27.4 | We've been having a great time here at the White Coat Investor these last few |
... |
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