This doctor couple went from -500K to millionaire status in 9 years with an income ranging from $200-$500K. What makes this episode different is that one of them became disabled during that time. They had to sell the practice and collect disability insurance payments. There is a reason disability insurance is the first step in our Bootcamp. Here is what you need to know about disability insurance.  https://www.whitecoatinvestor.com/what-you-need-to-know-about-disability-insurance/  https://StudentLoanAdvice.com is a White Coat Investor company created to help doctors, dentists, and other high earners tackle and defeat their student debt. Letting a professional guide you through the best options to manage your loans will save you hours of research and stress and potentially save hundreds to thousands of dollars with your custom student loan plan. Book a consult with Andrew Paulson, the Lead Student Loan Consultant and Co-Founder of https://StudentLoanAdvice.com today. 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 for 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 channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com   Student Loan Advice: https://studentloanadvice.com   YouTube: https://www.whitecoatinvestor.com/youtube   Facebook: https://www.facebook.com/thewhitecoatinvestor   Twitter: https://twitter.com/WCInvestor   Instagram: https://www.instagram.com/thewhitecoatinvestor   Subreddit: https://www.reddit.com/r/whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com 

MtoM #20 - Psy-Fi MD Millionaire

Host, 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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This anesthesiologist has become a millionaire only 3 1/2 years out of training. She has a high income and is saving a massive portion of it. Not only is she building wealth for herself but she also sends money home to help take care of her mother and grandmother. She teaches us about the impact of negotiating hard for yourself when it comes time to sign an employment contract. After the episode we will be talking about WCI's 12 financial principles for doctors for Finance 101. At PKA Insurance Group Inc – Pradeep Audho, and Matthew Pedersen are independent brokers focusing on Disability and Life insurance. They excel in securing coverage for physicians, including those on visas like J1, H1B, etc. Protecting your family in the event of a disability or death is important. There is now an A+ rated carrier offering up to $10Million of Life insurance without labs. If you are very healthy with limited or no medical issues, approval is likely in 5 minutes. Reach out to PKA Insurance to discuss your Disability or Life insurance needs at https://www.whitecoatinvestor.com/pka 1-800-258-1018 - OR – emailing info@pkainsurance.com 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 channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com   Student Loan Advice: https://studentloanadvice.com   YouTube: https://www.whitecoatinvestor.com/youtube   Facebook: https://www.facebook.com/thewhitecoatinvestor   Twitter: https://twitter.com/WCInvestor   Instagram: https://www.instagram.com/thewhitecoatinvestor   Subreddit: https://www.reddit.com/r/whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com   Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

MtoM #168: Anesthesiologist Becomes a Millionaire and Finance 101: White Coat Investor Philosophy - 12 Financial Principles for Doctors

Today we are answering your questions about high yield savings accounts, why you actually need to write down your financial plan instead of just having it in your head, wether or not you should start a 529 if you are going to be an older parent when your kid goes to college, and if you should take out a mortgage when buying a house or raid your taxable account to pay cash and avoid a high interest rate. Dr. Dahle also responds to some criticism directed at WCI. Finally, we have our friends from MLG Capital on to tell us about their current real estate offerings. Healthcare is changing, and so are you. Your current career goals are probably different than they were five years ago, and you probably have questions about how to achieve them. Consider locum tenens as a solution. Locumstory.com has all the information you need to learn more about the benefits of locums and how it can work for you. On the Locumstory podcast you can find expert interviews with physicians who’ve worked locum tenens firsthand and share what their experience was like along with advice for others looking to do the same. Tune in to The Locumstory Podcast on Spotify, Apple, or Google podcasts. 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! Main Website: https://www.whitecoatinvestor.com   YouTube: https://www.whitecoatinvestor.com/youtube   Student Loan Advice: https://studentloanadvice.com   Facebook: https://www.facebook.com/thewhitecoatinvestor   Twitter: https://twitter.com/WCInvestor   Instagram: https://www.instagram.com/thewhitecoatinvestor   Subreddit: https://www.reddit.com/r/whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com   Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

WCI #364: High Yield Savings Accounts

Today we are talking with a general surgeon who paid off his student loans only 7 months out of training. He then dove into growing his wealth and became a millionaire in 3 years. He said he and his wife have always been fairly frugal and good savers but they have also splurged on what they care about. This doc is a car lover and happily bought himself a corvette. He is a great example of building wealth while allowing your spending to reflect your values. After the interview we are gong to talk about cars for Finance 101. Resolve is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads to unparalleled leverage during the physician contract negotiation process. A physician contract lawyer is included and can negotiate on your behalf – alleviating the stress that can go along with reviewing complex legal terms. Flat-rate pricing and flexible schedules are designed for a physician’s schedules. Use code WHITECOAT10 for 10% off! 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 channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com   Student Loan Advice: https://studentloanadvice.com   YouTube: https://www.whitecoatinvestor.com/youtube   Facebook: https://www.facebook.com/thewhitecoatinvestor   Twitter: https://twitter.com/WCInvestor   Instagram: https://www.instagram.com/thewhitecoatinvestor   Subreddit: https://www.reddit.com/r/whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com   Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

MtoM #167: General Surgeon Becomes a Millionaire 3 Years Out of Training and Finance 101: Cars

Today we are talking with Britt Williams Baker, co-founder of Dow Janes. We explore the question of if there is a difference in finances for women vs. men. We discuss value aligned investing, what some financial stereotypes might be, how to get a less financially interested spouse involved to name just a few of the many topics. Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and $100/month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi *Loans originated by SoFi Bank, N.A., NMLS 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply. 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! Main Website: https://www.whitecoatinvestor.com   YouTube: https://www.whitecoatinvestor.com/youtube   Student Loan Advice: https://studentloanadvice.com   Facebook: https://www.facebook.com/thewhitecoatinvestor   Twitter: https://twitter.com/WCInvestor   Instagram: https://www.instagram.com/thewhitecoatinvestor   Subreddit: https://www.reddit.com/r/whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com   Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

WCI #363: Women and Their Finances

This dual physician couple has paid off over $700,000 of student debt only four years out of training. They are both family docs living in California. They had the great insight that when you choose to live in California you need to view your cost of living as your luxury item. How did they do this so quickly? They lived frugally, got rid of their expensive car and dove into tackling their debt with extreme focus. They feel liberated after getting rid of that debt and love the flexibility they now have. After the interview we will be talking about Rich Dad Poor Dad for Finance 101. As a white coat, you have valuable knowledge. Various companies want that knowledge. And they’re willing to pay you for it! That’s why we’ve put together a list of recommendations for companies that pay you to take surveys. If you’re looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you. You can make extra money, start a solo 401(k), and use your medical knowledge to impact new products. One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign up today and use a fraction of your downtime to make extra cash! Go to https://whitecoatinvestor.com/physiciansurveys  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 channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com   Student Loan Advice: https://studentloanadvice.com   YouTube: https://www.whitecoatinvestor.com/youtube   Facebook: https://www.facebook.com/thewhitecoatinvestor   Twitter: https://twitter.com/WCInvestor   Instagram: https://www.instagram.com/thewhitecoatinvestor   Subreddit: https://www.reddit.com/r/whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com   Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

MtoM #20 - Psy-Fi MD Millionaire

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