WCI #55: Basics of Investing
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 24 May 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
Sometimes investing hobbyists like myself, especially after a decade or more of investing, assume everybody knows the basics of investing. Occasionally, I am starkly reminded that is not the case. Today, I'd like to just go on record about what I think everyone should have learned in Investing 101. Learn it from me or learn it in the school of hard knocks, but you will learn it.
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 | Welcome to Podcast |
| 0:20.0 | to Podcast Number 55 the basics of investing. |
| 0:23.8 | Did you know that the white code investor not only has a podcast and a blog, but several books |
| 0:28.0 | that will help you on your way to financial independence. These books cover topics such as |
| 0:32.1 | 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 six years. investing and estate planning. |
| 0:43.0 | You can learn how to become a millionaire within five to ten years of leaving residency |
| 0:46.6 | and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. |
| 0:52.6 | There's even a book geared directly toward medical and dental students, |
| 0:55.4 | so you can start optimizing your finances early in your professional journey. |
| 0:59.6 | Find the book that is right for you at the WCI store at shop. |
| 1:02.8 | whitecoat investor.com or on Amazon. |
| 1:05.9 | You can do this and the white code investor can help. |
| 1:08.8 | Our quote of the day today comes from Elizabeth Leymie, |
| 1:11.3 | who said save money on the big boring stuff so you can have something left over |
| 1:15.5 | for life's little pleasures. |
| 1:17.8 | Today I thought we'd talk a little bit about the basics of investing. |
| 1:21.8 | This is actually the second podcast we recorded on April 17th and the |
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