WCI #99: How to Break Up with Your Financial Advisor
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 28 March 2019
⏱️ 69 minutes
🧾️ Download transcript
Summary
Two readers are on this week's episode, a dentist and an attending physician. Both are in the process of taking control of their money and moving on from their financial advisors. I have no problem whatsoever with using an advisor, so long as the advisor charges a fair price for good advice. If the advisor charges too much, or gives bad advice (or both as is often the case), you should fire them. You can then either hire a good advisor, or become your own financial advisor. In this episode we discuss how to break up with your advisor and move on.
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
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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 |
| 0:20.0 | investor podcast number 99, a discussion with three attendings. If you're like most |
| 0:24.6 | doctors nobody taught you anything about personal finance or investing during |
| 0:27.9 | your undergrad professional school or residency even though your family and |
| 0:32.0 | perhaps even your business rely on you to be the chief financial officer, you have never been given the tools to succeed. |
| 0:39.0 | Enroll in WCI Financial Boot Camp, a free educational email series and learn to convert your |
| 0:44.7 | high income to wealth. You will learn the basics of investing, saving, insurance, and |
| 0:49.2 | more. Your high income alone will not lead to financial success, but as always, we want to help you on your financial journey. |
| 0:55.6 | Go to whitecode investor.com slash financial boot camp to sign up today. |
| 1:00.1 | You can do this, and the white code investor can help. |
| 1:03.0 | Thanks so much for what you do. |
| 1:05.0 | It's important work that you do. |
| 1:07.0 | It does make a difference. |
| 1:08.0 | There are people who are counting on your knowledge set and it's not just your patients it's also your peers |
| 1:14.0 | when they send you patients whether you're in the ER or whether you're in clinic |
| 1:17.6 | whether you're a consultant they really do rely on the expertise you've developed over decades. |
| 1:24.3 | And so thank you for that. |
| 1:26.5 | If you haven't heard, the new Whitecoat Investors |
| 1:29.3 | Financial Boot Camp book is out. |
... |
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