WCI #91: Becoming Your Parent's Financial Advisor
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 31 January 2019
⏱️ 38 minutes
🧾️ Download transcript
Summary
"As a young attending who has put into effect the many themes presented by the WCI, how would you recommend I go about helping my parents get into a better financial situation?" This is the main listener question I answer in this week's episode. Tread lightly if you are thinking about taking on the role of financial advisor to your parents. I explain many things you should think about before doing this. 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
No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was. Fire Your Financial Advisor also has a version eligible for CME credit. Get your financial life in order today. Go to https://www.whitecoatinvestor.com/courses to sign up. 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 episode number 91, |
| 0:21.0 | becoming your parents' financial advisor. |
| 0:23.2 | No more waiting through dozens of books at the library, |
| 0:26.5 | scrolling through hundreds of blog posts on dozens of blogs, |
| 0:29.2 | or checking in daily with online forums trying to gain a financial education the way the hobbyists do. |
| 0:34.6 | For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor |
| 0:39.3 | online course will take you from feeling anxious and having no plan to having a written financial plan |
| 0:44.8 | you can follow the rest of your investing career as a professional and a retiree. |
| 0:48.9 | This course is the material that should have been taught to you in college, medical school, a residency, but never was. |
| 0:55.0 | Fire your financial advisor also has a version eligible for CME credit. |
| 0:59.0 | Get your financial life in order today. |
| 1:01.0 | Go to whitecoat investor.com slash courses to sign up. You can do this and the Whitecoid investor can help. |
| 1:06.4 | Thanks for what you do. I know you're on your way into work, your way home from work, or |
| 1:10.2 | working out, but some of you probably had a rough day. And I'm sorry to hear about that, |
| 1:15.5 | because I know what happens to me sometimes at work as well. But I want to tell you that even if nobody else at work |
| 1:20.6 | said thanks today, I'm going to thank you for what you do because I know it's hard and I |
| 1:25.2 | know sometimes it's heartbreaking and it's difficult to make the decisions that you're faced with each |
| 1:29.5 | day. So thank you for that. Also we need more of you to send us some Speak Pipe questions. |
| 1:35.0 | These are the questions that we actually play on the podcast. |
... |
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