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White Coat Investor Podcast

WCI #85: The Real Life Financial Experience of a Young Periodontist

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Investing, Business, Health & Fitness, Medicine

4.82.4K Ratings

🗓️ 20 December 2018

⏱️ 69 minutes

🧾️ Download transcript

Summary

In this episode I speak with a young periodontist about his finances. He is doing great, having already paid off all his student loans relatively quickly. But like many of the WCI listeners and readers he started out with a financial advisor that tried to sell him insurance that wasn't right for him and he is in the process of moving on from that financial advisor. He is saving for a house down payment, upgrading a beater car from dental school, saving to buy a practice, and of course, saving for retirement. Lots of competing uses for his money. He has all the same challenges his young physician counterpart has and there is something for most to learn in this episode.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been given the tools to succeed. Enroll in WCI Financial Boot Camp, a FREE educational email series, and learn to convert your high income to wealth. You will learn the basics of investing, saving, insurance, and more. Your high income alone will not lead to financial success, but as always, we want to help you on your financial journey. Go to https://www.whitecoatinvestor.com/financialbootcamp to sign up today! 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

Click on a timestamp to play from that location

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 85, the real life financial

0:22.0

experience of a young periodontist.

0:25.0

If you're like most doctors, nobody taught you anything about personal finance or investing during

0:28.7

your undergrad, professional school, or residency.

0:32.0

Even though your family and perhaps even your business rely on you

0:34.7

to be the chief financial officer, you have never been given the tools to succeed.

0:39.7

Enroll in WCI Financial Boot Camp, a free educational email series and learn to convert your high income to wealth.

0:47.0

You will learn the basics of investing, saving, insurance, and more.

0:51.0

Your high income alone will not lead to financial success, but as always, we want to help you

0:55.2

on your financial journey. Go to whitecode investor.com slash financial boot camp to sign up today.

1:01.1

You can do this, and the white code investor can help.

1:03.2

Thanks so much for what you do. Your work is important. I know it's not always

1:06.7

appreciated and it's not always easy and you train for a long time to do it.

1:10.3

And sometimes it feels like you're not making any progress against your student loans

1:14.0

or against becoming financially independent. But keep fighting the good fight. You can do it. And there's

1:20.9

a lot of people out there to support you here in the white code investor community.

1:24.0

So don't be afraid to reach out if you're struggling.

1:27.0

And if you've been having a hard time of it lately, there are people in your situation.

1:31.0

I know sometimes it seems like everybody's got all their

...

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