WCI #81 - Medicine and Finance in the UK with Dr. Nikki Ramskill
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 22 November 2018
⏱️ 50 minutes
🧾️ Download transcript
Summary
Ever wondered what is was like to practice medicine in the UK? It is fascinating to see the differences in medicine and physicians' finances between the States and those practicing in England. Dr. Ramskill walks us through the training, practicing, and finances of British physicians.
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. 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 Investor Podcast Number 81, |
| 0:21.0 | Medicine and Finance in the UK. |
| 0:23.0 | At some point in our financial lives, it will be time to buy a home. |
| 0:27.0 | A physician mortgage can be a good vehicle for a young doctor who's just out of school |
| 0:31.0 | and has a more effective place to use their money than on a big down payment. |
| 0:35.1 | These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment |
| 0:39.7 | than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, |
| 0:45.2 | buying a home with a conventional mortgage and then later on, potentially refinancing that |
| 0:49.3 | loan to a better rate with a shorter time frame could be a great move. |
| 0:53.0 | Wherever you are in your financial journey, |
| 0:55.0 | make sure you use the mortgage that will be most financially beneficial for you. |
| 0:59.0 | Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at whitecoat investor. |
| 1:04.7 | dot com slash mortgage. You can do this and the white code investor can help. |
| 1:09.5 | Welcome back to the podcast today. We got something special going on today on the podcast, but before we get into that, we've got something special going on this whole week at the White Coat Investor. This is continuing financial education week. So not only am I making recommendations for books you should read, but we also have a special |
| 1:24.8 | deal on our online courses. |
| 1:27.2 | So if you've been waiting to take one of these because you wanted a discount, now is the time. |
| 1:32.2 | We haven't had a discount on any of those courses since July, I believe. |
| 1:36.9 | I think it was the last time we had any kind of a sale. But this week, we are having another sale, |
| 1:42.1 | and you can get a discount on both the Fire Your Financial Advisor course as well as the |
... |
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