WCI #79: Sorting Out An Academic Doc's Finances
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 8 November 2018
⏱️ 48 minutes
🧾️ Download transcript
Summary
This episode I interview an academic doctor about her finances. She is in the process of firing her financial advisor and becoming a do-it-yourselfer. We talk about what accounts she has, asset allocation, 529s, dealing with capitol gains in her taxable accounts, and more. If you have ever thought of becoming a do-it-yourselfer this episode is for you. It isn't that hard and we will help you successfully manage your finances.
Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://www.whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place. 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 White Coat |
| 0:21.0 | Coad Investor Podcast Number 79, sorting out on academic docs finances. |
| 0:25.0 | Getting quality, disability, and life insurance should be the first financial chore for a doctor to complete. |
| 0:30.0 | Most docs don't have the ideal policy for their gender, specialty, state, or health status, and one in seven doctors get disabled at some point during their career. |
| 0:39.0 | Because these policies can only be purchased through brokers, we've put together a list of vetted agents who are experienced |
| 0:44.1 | with the specific needs of medical professionals and who have your best interest at heart. |
| 0:49.3 | If you have questions about insurance and what kind of policies would be the best fit for you, |
| 0:53.0 | check out our insurance recommended list at whitecoat investor.com slash insurance |
| 0:58.0 | and feel the piece of mind that comes with knowing you have the optimal policy in place. |
| 1:02.0 | You can do this and the white code investor can help. |
| 1:05.0 | Our quote of the day today comes from Morgan Housle. |
| 1:08.0 | There are books on economic cycles, trading strategies and sector bets, |
| 1:11.0 | but the most powerful and important books should be called |
| 1:14.0 | shut up and wait. It's just one page with a long-term chart of economic growth. |
| 1:18.0 | Make sure you're subscribed to the monthly newsletter. The White Coat Investor newsletter goes out on or about the first of each |
| 1:24.8 | month and includes a lot of great stuff, including updates about what's going on at the White |
| 1:29.1 | Code Investor, some special deals, a market report for the previous month, as well as a collection of the |
| 1:35.2 | best of the web. |
| 1:36.7 | This includes links to posts both on the White Code Investor, the White Code Investor network, the forum and |
... |
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