White Coat Investor Podcast
723 episodes - English - Latest episode: 23 days ago - ★★★★★ - 2.2K ratingsHost, Dr. James Dahle, is a practicing emergency physician and founder of the White Coat Investor Blog. Like the blog, the White Coat Investor Podcast, is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor—or, at least know enough to not get ripped off by a financial advisor! We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Learn more at http://whitecoatinvestor.com/
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Episodes
WCI #360: Student Loans and Filing Your Taxes
March 28, 2024 06:30 - 47 minutes - 66.6 MBToday we had a handful of tricky student loan questions particularly in regards to taxes. It is always hard to answer questions with that level of specificity! Don't forget to visit studentloanadvice.com to get help with your student loans and repayment plan. Today we answer questions about filing taxes in med school, filing taxes when you are married on the PSLF track, filing taxes when you are on the SAVE plan and more! Healthcare is changing, and so are you. Your current career goals ar...
MtoM #163: 74 Year Old Woman Becomes A Millionaire and Finance 101: Choosing a 529 Plan
March 25, 2024 06:30 - 19 minutes - 28.6 MBToday we are talking with an entrepreneur and author who became a millionaire in her 70s! She has a passion for inspiring others to live their fullest lives. She built a successful consulting business and her 11th book is about to come out. She talks to us about the importance of persistence and going after the what you are passionate about. We think you will find her message inspiring! After the interview we will be talking about choosing a 529 plan for Finance 101. Resolve is the #1 rate...
WCI #359: Tax Deferred vs. Roth Contributions: A Deep Dive
March 21, 2024 07:30 - 1 hour - 104 MBToday Chris Davin, engineer and self taught master of all things Roth, joins Dr. Dahle on the podcast. For anyone who has ever wanted to get all the way into the Roth weeds, this episode is for you. We talk about Roth IRAs, the Backdoor Roth, the Mega backdoor Roth, Roth conversions, and what all of those things mean. We discuss how to determine if you should be doing pre or post tax contributions and why, and how your taxes and tax rate should be considered when deciding what kind of contri...
MtoM #162: Ophthalmologist Acquires $50 Million and Finance 101: Estate Taxes
March 18, 2024 07:30 - 29 minutes - 41.9 MBThis doc recently retired after a 40 year career that he loved with a nearly $50 million portfolio. He has been living and preaching the WCI methodology long before WCI existed. He tells us part of his secret to success is to choose where you live wisely and own your own business. He said owning his own surgery center made a massive difference to his happiness and his wealth because he got to control the way the practice was run, how efficient it was, who worked there etc. He is a testament ...
WCI #358: What to Do When You Don't Match, and Annual Survey Results
March 14, 2024 07:30 - 55 minutes - 77.1 MBToday we are talking about what your options are if you do not match this week. It can be one of the hardest things to face and knowing what your options are and what steps to take next can help ease the difficultly just a bit. We also spend some time telling you about the results of our annual survey. The survey is a huge part of how we decide what changes to make here at WCI. Finally we tackle a few of your questions about annuities, if you should ever invest with a family friend and where...
MtoM #161: Nurse Becomes a Millionaire and Finance 101: How to Get Started
March 11, 2024 07:30 - 28 minutes - 41.1 MBToday we talk with a nurse who is currently in school to become a CRNA and is officially a millionaire. Roughly 10 years ago he and his wife took control of their finances. He said there was some tough conversations as they educated themselves about how to become financially literate and what their goals should be and how to reach them. But once they were on the same page they were able to start crushing their goals. Their big goal was to be millionaires by 40 and they got there a few years ...
WCI #357: Roth IRAs, Conversions and Backdoor Contributions
March 07, 2024 07:30 - 58 minutes - 81.9 MBToday our friend Chad Chubb is joining us for our next Friends of WCI episode. It is Roth season they answer more of your Roth questions. They cover Roth IRAs, conversions and contributions. They also talk about the difference between wants and needs, particularly around things like cars, or in Jim's case a big ole' F-250. Before wrapping up Jim and Chad debate the merits of living like a resident. Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borro...
MtoM #160: Dermatologist Pays Off Student Loans In Less Than A Year And Finance 101: Physician Mortgages
March 04, 2024 07:30 - 23 minutes - 33.5 MBThis dermatologist paid off his student loans and built his net worth to $150K just one year out of training. Not only did he accomplish all of that but has started the process of creating his own practice after learning that the clinic he worked at was selling to private equity. He shared his thoughts about the impact of private equity on young doctors and the challenge of learning how to build a practice as you go. Stick around after the interview for a discussion about physician mortgages...
WCI #356: The Struggle To Financially Support Your Parents
February 29, 2024 07:30 - 33 minutes - 47.6 MBToday we are answering your questions from email and social media. We discuss what happens inside a 401(k) or 403(b) if you change your type of contribution, how to know if you have a good CPA, what constitutes a super saver and If you can roll your 403(b) into a Roth IRA and do a backdoor Roth in the same year. We tackle a back door Roth conversion question and talk about the challenges for someone who is financially supporting their immigrant parents. Everyone has a story. Different need...
MtoM #159: Surgeon Gets PSLF Via the Waiver and Finance 101: Probate
February 26, 2024 07:30 - 25 minutes - 36.9 MBOur guest today is a surgeon who got almost $250,000 of student loans forgiven with PSLF thanks to the new waiver. She was the beneficiary of having her loans forgiven under the current IDR waiver for PSLF. She is hoping that if your situation is similar that you also take advantage before the waiver expires on April 30th. She has also worked hard to take her net worth from a negative $350,000 after training to just over half a million. After the interview we will be talking all about probat...
WCI #355: Burnout in Women with Dr. Darria Long
February 22, 2024 07:30 - 54 minutes - 75.6 MBToday on the podcast Dr. Darria Long joins Dr. Dahle. Dr. Long is an ER doc, mom of 3, author, National TV contributor, educator, entrepreneur and researcher. She is passionate about helping women have healthier and better lives. Dr. Dahle and Dr. Long discuss a large study she conducted about burnout among women and the fascinating findings from it. They discuss ways to combat burnout, the dangers of social media for children and adults, how to triage your life and so much more. Today’s e...
MtoM #158: Hospitalist Pays Off Student Loans in Just Over 2 Years and Finance 101: Emergency Funds
February 19, 2024 07:30 - 20 minutes - 30.3 MBThis hospitalist paid off $235,000 only 2 years out of residency. She has always been very debt averse and knew she wanted to get rid of it as quickly as possible. Nearly half of her income went to paying off her loans. She said paying off the debt was easier than she thought it would be largely because she is comfortable living like a resident. Her next goal is to buy a new car with cash. She plans to save for a house eventually but currently wants to pour money into her retirement accounts...
WCI #354: Mega Backdoor Roth Contributions with Minimal 1099 Income
February 15, 2024 07:30 - 33 minutes - 46.5 MBToday we tackle a few of your questions about 529s. We answer some questions about when you have to pay taxes on your rollover IRA contributions to Roth as well as a question about Mega Backdoor Roths. We talk about structured notes and what the advantages and disadvantages are to saving for minors using a UTMA vs. a parental brokerage. Today’s episode is brought to us by SoFi, the folks who help you get your money right. They’ve got exclusive rates and offers to help medical professionals...
MtoM #157: Dual Income Couple Pays Off Mortgage Among Other Financial Milestones and Finance 101: Dividend Investing
February 12, 2024 07:30 - 24 minutes - 35.6 MBThis dual doc couple got a bit later start getting their finances in order. Once they realized that they had been practicing for around 10 years and they had not built the wealth they anticipated they made some changes and got to work! In only a few years they paid off their mortgage, became multi-millionaires, cash flowed new cars and saved enough to get their kids through college. Now they are saving lots of money and looking forward to cutting back at work. She shows us that you can make ...
WCI #353: Lesser Known Tax Strategies
February 08, 2024 07:30 - 57 minutes - 79.5 MBToday we are talking to Alexis Gallati of Cerebral Tax Advisors all about controversial, aggressive and often little known tax deductions. We ask her about all kinds of topics and how to execute on them in a way that will not get us into trouble with the IRS. We talk about when they are risky, when they aren't risky and if you should use them or not. Some topics we cover are land conservation easements, captive insurance companies, self rentals, employing your spouse or children, cost segreg...
MtoM #156: Family Doc Pays For a Dream Wedding With Cash and Finance 101: How to Wire Money
February 05, 2024 07:30 - 22 minutes - 33 MBToday we are celebrating this family practice doc cash flowing his dream wedding! This super saver had to get comfortable spending a pretty big chunk of change to bring his and his wife's dream to life. He learned that while saving for your future is crucial it is also important to learn how to spend well and enjoy your money. He worked hard and saved both for the wedding and for retirement at the same time. His next financial goals include paying off his student loans in the next few months...
WCI #352: How to Reduce Capital Gains on Property Sales
February 01, 2024 07:30 - 58 minutes - 81.1 MBToday we are answering your questions. We talk about capital gains taxes when selling a vacation home, then get into the age old debate about if it is a good idea to buy a house during residency. Dr. Dahle gives advice on things to think about when you are shopping for a new car, then he gives ideas for things to think about when considering buying into a practice. Finally, we answer a few questions about taxes. At some point in our financial lives, it will be time to buy a home. A physici...
MtoM #155: Pediatric Dentist Gets Back to Broke and More and Finance 101: Ways to Earn More Money as a Doc
January 29, 2024 07:30 - 22 minutes - 32.7 MBThis pediatric dentist has gotten back to broke and a little beyond. In only a few years out of training her net worth has had nearly a half a million dollar swing. She began her financial literacy journey in college and by the time she completed training she was well versed in how to save and invest and grow her finances. She is also a lovely example of an immigrant family working together and working hard to give new opportunities to the younger generation. Stick around after the interview...
WCI #351: Physician Side Gigs
January 25, 2024 07:30 - 49 minutes - 69.3 MBToday we are talking about physician side gigs. Docs have all kinds of side gigs that make a big impact on their financial life. Today we have 3 guests on the podcast who are going to tell you what they do. Dr. Gretchen Green does expert witness work, Dr. Daniel Smith opened IV clinics, and Dr. Rikki Racela takes medical surveys. There is a huge range of what you can do to bring in extra income with an equally large variety of barrier to entry. We hope these interviews inspire you to finally...
MtoM #154: Psychiatrist Pays Off $460,000 in Student Loans and Finance 101: Rebalancing Your Portfolio
January 22, 2024 07:30 - 28 minutes - 40.4 MBThis Psychiatrist paid off a whopping $460,000 in only 2 1/2 years! How did he do it? He picked up an extra job and worked as much as possible to bring in as much money as he could and ended up putting nearly $25,000 per month towards the debt! He made a handful of mistakes including over spending and stock picking before he learned that there was a better way! His financial awakening happened when a friend introduced him to the White Coat Investor Podcast. He shared that it is easy to make...
WCI #350: Paula Pant & Permabears
January 18, 2024 07:30 - 58 minutes - 81 MBToday we have our friend Paula Pant on the podcast. She is one of our Keynote speakers at WCICON24 that you will not want to miss. Today Paula and Dr Dahle cover a whole host of topics including Perma-Bears on the economy, the housing market in 2024 and if you should buy a house now or wait, and even Bitcoin spot ETFs. They also talk about career burnout and how Paula took a year long sabbatical to do an internship to allow herself time to recover from her own burnout. Resolve is the #1 ra...
MtoM #153: Emergency Medicine Physician Pays Off $315,000 of Student Loans in One Year and Finance 101: Health Insurance in Early Retirement
January 15, 2024 07:30 - 30 minutes - 43.9 MBThis emergency medicine doc paid off a whopping $315,000 in only 12 months! He and his wife made some aggressive goals during residency to live like residents and work hard to get rid of their loans as quickly as possible. They show us that we can tackle anything we want if we are willing to work hard for it! After the interview stick around for a finance 101 discussion about health insurance in early retirement. If you’re like most doctors, nobody taught you anything about personal financ...
WCI #349: Is Over Contributing to Your 403(b) Ever a Good Idea?
January 11, 2024 07:30 - 1 hour - 93.4 MBToday is another Friends of WCI episode. Tyler Olson of Olson Consulting joins Dr. Dahle to answer your questions. They talk about paying taxes and if you should use a professional or do them yourself. They discuss medical loans and how taxes work with those. They discuss what to do with an old SEP IRA, if it is ever a good idea to over contribute to a 403(b) and the difference between average cost basis and actual cost basis. Cerebral Tax Advisors: As the new year starts, it's crucial to ...
MtoM #152: Neuroradiologist Hits a Net Worth of Half a Million Dollars Upon Exiting Training and Finance 101: Schedule A Tax Return
January 08, 2024 07:30 - 26 minutes - 38.1 MBThis Neuroradiologist is growing his net worth like crazy. He discovered WCI in training and educated himself on how to reach financial independence. He and his wife had many discussions about how they wanted their financial journey and savings plan to look before getting married. They followed their plan with discipline and had a serious amount of savings by the time he finished training. They lived like a resident and have had a 25 - 40% savings rate. This guest shows us what can happen if...
WCI #348: How Much Should Location Matter When Choosing a Residency?
January 04, 2024 07:30 - 49 minutes - 68.7 MBToday we are answering your questions! Before we get to those we have a few follow up comments from listeners from episode #345 about DAFs. We talk about the possibility of companies offering DAFs ability to control which charities you can or cannot donate to. Then we get into your questions about saving for intermediate term goals, institutional malpractice policies, how to safely invest in real estate and more! Cerebral Wealth Academy: As we kick off 2024, dive into Cerebral Wealth Acade...
MtoM #151: Family Doc Gets His 457(b) Plan Changed For the Better and Finance 101: 457(b) Plans
January 01, 2024 07:30 - 24 minutes - 35.4 MBThis doc wanted to see big changes made to his 457(b) plan so he got involved with the committee and ultimately helped to make massive changes. He helped to get the 457(b) changed from a single distribution upon retirement or leaving the job to the option of distributions for up to 15 years. This is a HUGE and important change that will mean the difference of thousand and thousands of dollars for everyone who uses the plan. We hope you find this episode as inspiring as we did! After the inte...
WCI #347: How To Live a Regret Free Life with Jordan Grumet
December 28, 2023 07:30 - 46 minutes - 64.8 MBToday we talk with Dr. Jordan Grumet about how to live a regret free life. Dr. Grumet first read The White Coat Investor's Guide for Doctors back in 2014 and realized that he was already financially independent. This discovery opened his eyes to the fact that he could create more of the life he wanted. He sold his practice and reduced work hours and started spending his time where he really wanted to. He loved working in hospice and found great wisdom from people at the end of their lives an...
MtoM #150: Physiatrist Gets Back to Broke and Finance 101: Term Life vs. Whole Life Insurance
December 25, 2023 07:30 - 22 minutes - 32.5 MBThis doc made it back to broke only one year out of training. He was diligent about tracking his spending since med school and he attributes much of his success to having a plan and sticking to it. He said he definitely felt the temptation of lifestyle creep once he started seeing his paychecks but reminding himself that sticking to the plan was the best thing he could do for himself and his future self helped him stick to it! His advice to you? Make a budget, be on the same page as your par...
WCI #346: Roth IRAs are NOT a Bad Investment
December 21, 2023 07:30 - 47 minutes - 66.7 MBToday Dr. Dahle debunks an article recently published titled "Why a ROTH is a Bad Idea (Yes, You Can Lose Money)". You can find that article here: https://lifeandmyfinances.com/investing/why-roth-ira-is-bad He spends time educating on why ROTH is a fantastic place to put your money and why this article should never have been published. We also answer a few questions about buying houses now that interest rates are going up. We talk about 401(k) loans, ROTH conversions, how much you need to...
MtoM #149: Doctor Gives Away $1 Million and Finance 101: Charitable Giving
December 18, 2023 07:30 - 24 minutes - 35.1 MBToday we are celebrating a milestone we have never discussion on the podcast before. This doc has given more than $1 million to charity! This doc talked about the importance of having an outward focus on others and the positive impact that will have on your life and your career. He shared that sharing his wealth with others has brought him a lot of joy. We hope you find this story as inspiring as we did! After the interview we will be talking more about charitable giving for Finance 101. T...
WCI #345: Charitable Giving and Donor Advised Funds
December 14, 2023 07:30 - 1 hour - 102 MBToday we are talking with Adam Nash, founder and CEO of Daffy. We talk all about charitable giving, the most effective ways to give, what DAFs are and what is unique about Daffy. We get into how to teach your kids about giving and how to make giving part of your life and financial plan and not just something that you do once in awhile. Click here to get $25 when you open and fund an account at Daffy.org Today’s episode is brought to us by SoFi, the folks who help you get your money right...
MtoM #148: Nurse Practitioner Hits $250,000 Net Worth and Finance 101: Pathways with the Military
December 11, 2023 07:30 - 19 minutes - 27.8 MBThis family nurse practitioner hit a net worth of $250,000 only a few years out of training. This NP served our country and saved a lot of money while he did. He said learning to have delayed gratification has been a huge part of his success. In addition to investing he has purchased a short term rental property and a condo that are adding to his overall wealth. After the interview we will talk about some of the different pathways you can take with the military to get your career started. ...
WCI #344: Are Structured Notes More Than A Product To Be Sold?
December 07, 2023 07:30 - 41 minutes - 58.3 MBToday we are answering your questions off the SpeakPipe. We talk about structured notes, asset protection, I Bonds, Cash Balance funds, and fees for different investments. We also talk about the importance of keeping your personal information and passwords safe from identity theft. As healthcare evolves, it means greater opportunities for you. You can earn more with locum tenens, plus get flexibility for better work-life balance. The key is to find the right job to meet your individual nee...
MtoM #147: Anesthesiologist Pays Off Student Loans In 2 Years Despite Becoming Disabled and Finance 101: Disability Insurance
December 04, 2023 07:30 - 20 minutes - 29.2 MBThis doctor paid off $260,000 of student loans only 2 years out of training. Not only did he pay off his loans quickly, he did it despite becoming disabled. This doc suffered a stroke one year ago and had to file for disability and rehab back to health. He had to take time off work and was very grateful to have a solid disability policy. How did he manage all of it? He didn't over inflate his lifestyle and he poured everything he could into tackling his goal until it was accomplished. After ...
WCI #343: How Do You Know If You Are Getting Good Advice at a Fair Price?
November 30, 2023 07:30 - 59 minutes - 82.4 MBWCI Columnist, pediatrician, and WCICON speaker, Margaret Curtis, joins Dr. Dahle today on the podcast to help answer your questions. They debate the age old questions of pay down debt vs invest as well as if it is better to rent or buy in this market. They answer a workplace 401(k) question and discuss how you know if you are getting good advice at a fair price. Today’s episode is brought to us by SoFi, the folks who help you get your money right. They’ve got exclusive rates and offers to...
MtoM #146: Urologist Pays Off $300,000 in 2 Years and Finance 101: Contribution Limits
November 27, 2023 07:30 - 18 minutes - 26.8 MBThis doc has paid off $300,000 of student loans only 2 years out of training. He put nearly half of his income towards his loans every month. Not only was he paying big bucks towards his loans but he also started his emergency fund and maxed out a 403(b), 457(b), and invested in an HSA and brokerage account. He became financially literate in med school and the rest is history! Stick around after the interview for a discussion about contribution limits for Finance 101. Today’s episode is br...
WCI #342: Captive Insurance
November 23, 2023 07:30 - 1 hour - 89.1 MBToday we are talking with Van Carlson of SRA 831(b) Admin all about captive insurance. We talk about who captive insurance is for, how to evaluate a good plan, how much capital a captive should have, and how to set premiums. We discuss how this can be a great risk management strategies with some tax benefits as well as how to avoid a bogus risk pool. There is a lot of great information here on a topic we were excited to learn more about. As healthcare evolves, it means greater opportunitie...
MtoM #145: Family Doc Gets Back to Broke and Finance 101: Wills
November 20, 2023 06:30 - 21 minutes - 31.5 MBThis family medicine doc is back to broke only 2 years out of training. When he came out of training his net worth was nearly negative $300,000! He has shown us that just chugging along on your financial goals will get you where you want to be! Saving for retirement, paying down those loans, and having a plan is all it takes. He said he expects to have his student loans paid off in about 3 years with millionaire status just a few years behind that. After the interview we will be talking abou...
WCI #341: How to Surrender One of Those Nasty Indexed Universal Life Insurance Policies
November 16, 2023 07:30 - 32 minutes - 46.1 MBHow to Surrender One of Those Nasty Indexed Universal Life Insurance Policies. Today we are answering your questions on the speakpipe. If you want your question answered leave us a message at https://whitecoatinvestor.com/speakpipe. Today we talk about 401(k)s vs. SEP IRAs, legal insurance, disability insurance, how to surrender an indexed universal life policy and more! Today’s episode is brought to us by SoFi, the folks who help you get your money right. They’ve got exclusive rates and o...
MtoM #144: IMG Comes to America and Becomes Financially Successful and Finance 101: Guidance for International Medical Graduates
November 13, 2023 06:30 - 27 minutes - 39.9 MBThis radiologist moved here from Brazil 20 years ago after completing medical school. She wanted to come on the podcast to help educate other international medical graduates about how to succeed in the US financial system. It was a steep learning curve but she wants all immigrants to know they can do this and be successful! This episode is packed full of advice and encouragement. Raquel Oliva Alencar, is an MD, PhD, and CEO and Founder of Scientia Imaging. After the podcast Dr. Dahle talks m...
WCI #340: Choosing To Thrive With Stacy Taniguchi
November 09, 2023 06:30 - 50 minutes - 70 MBToday we are talking with Dr. Stacy Taniguchi about choosing to thrive and creating a life you would want to live over and over again. Dr. Taniguchi talks about making the most of the time we have on this earth and being intentional about spending our time and money doing what we truly value. He does not like the idea of a bucket list, but prefers focusing on a Thrive LIst that helps you go about living your fullest life. As healthcare evolves, it means greater opportunities for you. You c...
MtoM #143: Emergency Doc Becomes Millionaire in 2 Years and Finance 101: How to Spend in Retirement
November 06, 2023 06:30 - 28 minutes - 40.4 MBToday we are talking with an emergency medicine doc who became a millionaire only 2 years after training. He is the perfect example of how quickly you can get ahead financially if you educate yourself in medical school. If you can hit the ground running as soon as training is over it will make a massive impact on your nest egg. After the interview we will be talking about how to spend in retirement. Cerebral Tax Advisors, a White Coat Investor-recommended tax firm, has exciting news! Alexi...
WCI #339: Dave Ramsey Gives Poor Advice to Unmatched Doc
November 02, 2023 06:30 - 47 minutes - 65.9 MBToday we are answering you questions about taxes. We talk about how investing can impact taxes, how to manage estimated payments for your taxes and qualified dividends and even answer a question about tax breaks from investing in oil and gas. We also answer a few questions about asset allocation. Before we get into all of that Dr. Dahle gives his opinion on what advice Dave Ramsey should have, but didn't, give to an unmatched doc in a mountain of debt. Listen to the Dave Ramsey call here: h...
MtoM #142: Emergency Physician Becomes Multi-Deca Millionaire and Finance 101: Cash Balance Plans
October 30, 2023 06:30 - 24 minutes - 35.3 MBThis ER doc is celebrating his success building his net worth and his impending retirement. He did not do anything fancy with investments, he didn't build a real estate empire. He shows us that savings rate matters! If you save a high percentage of your income you will succeed financially. His advice to you is to save as much as you can and live well within your means. After 40 years of practicing medicine he feels ready to retire and start a new chapter of his life. After the interview we w...
WCI #338: Is It Ever a Good Idea to Over Fund a Roth IRA?
October 26, 2023 06:30 - 24 minutes - 34.9 MBToday we talk about are if it is reasonable to use 457(b) money to help fund your child's college education, how to do a 401(k) rollover and then how to rebalance it, and we talk about if it makes sense to do Roth contributions in your peak earnings years if you plan to retire early and we answer a question about if it is ever a good idea to over fund a Roth IRA. These questions and more are answered on our episode this week. As healthcare evolves, it means greater opportunities for you. Y...
MtoM #141: Doctors Pay Off Student Loans Before Even Finishing Training and Finance 101: The Importance of Saving
October 23, 2023 06:30 - 19 minutes - 27.8 MBThis Hospitalist and Cardiology Fellow couple paid off almost $400,000 of student loans before they were both out of training! They put their noses to the grindstone and put all of their money to their loans. They said they are naturally not big spenders but were not financially literate until a few years ago when they found WCI. Once they knew what they needed to do they wrote a financial plan, made a budget and reduced their spending even more. It took them less than 3 years to pay off all...
WCI #337: Entrepreneurship and Angel Investing
October 19, 2023 06:30 - 43 minutes - 60.6 MBToday we are talking with Drs Niki Kennedy and Dan Pipitone of Arborhive. We are talking all about entrepreneurship and how doctors can use their expertise outside of the standard medical box. We also hit on the flip side of entrepreneurship and talk about angel investing. Angel investing certainly is not for everyone. You really need to have the time and the money to be successful in that space. If you want to try your hand at angel investing we recommend limiting it to small percentage of ...
MtoM #140: Vascular Surgeon Lives Like a Resident and Finance 101: Car Insurance
October 16, 2023 06:30 - 25 minutes - 36.5 MBOur interview today is with a doc who has mastered the art of living like a resident. She shows us what working hard, saving and advocating for yourself can do for your finances. She has paid off her student loans, bought some new cars with cash, maxed out her retirement accounts, and purchased a new home! She works in academics and shows us that you don't have to make one million dollars to grow your wealth rapidly. Stick around after the interview for our finance 101 discussion on car insu...
WCI #336: Asset Protection In Real Estate Investing
October 12, 2023 06:30 - 56 minutes - 78 MBToday we tackle your questions about renting out a property, buying a house, estate planning, and the home office deduction. We also talk about a new potential long term care insurance tax in California, much like the tax in Washington State. We also have one of our real estate partners on to update you about what is going on at MLG and to help answer a few of your questions. Laurel Road is committed to serving the financial needs of doctors. We want to help make your money work both harde...
MtoM #139: Academic Pulmonologist Hits Half Million Dollar Net Worth and Finance 101: Financial Advisors
October 09, 2023 06:30 - 20 minutes - 29.8 MBToday we are talking with a doc that has hit a half million dollar net worth. He took our Fire Your Financial Advisor course and gained the confidence to take control of his financial life. He fired his advisor that was really just a salesman and started making big progress on financial goals. After the interview we will be talking about financial advisors and how to make sure you get a good one, if you get one at all. If you are finding our podcasts informative and helpful we would encour...