Today we are answering all of your real estate questions. We spend a big chunk of time talking about when the right time to invest in real estate is. We discuss how real estate is not necessary to reach your financial goals. We talk about using LLCs for your investment properties, what to do with profits from selling a house, and answer a question about ATM Syndications. Laurel Road is committed to serving the financial needs of doctors. We want to help make your money work both harder and smarter, which is why we offer a 4.80% APY,† on our High Yield Savings accounts. A Laurel Road High Yield Savings account comes with zero costs to open and no monthly account fees.† Whether you’re saving for an emergency fund or planning your next big purchase, you can keep building your savings and access your funds whenever you need them. For terms and conditions, please visit https://www.laurelroad.com/wci Laurel Road is a brand of KeyBank N.A. All products are offered by KeyBank N.A. Member FDIC. ©2023 KeyCorp® All Rights Reserved. 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 #323: When is the Right Time to Invest in Real Estate?

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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Today we are answering your asset allocation questions. We talk about how to adjust your asset allocation and when to do it, what changes with asset allocation when thinking about your long vs short term investment plan, how to make the most of your asset allocation and more. We also have a philosophical discussion about economic growth and answer a question about if you can pass on bonds if you have a high risk tolerance and long investing horizon. 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 #367: The Importance of Asset Allocation

Today we are celebrating this orthopedic surgeon completing his military commitment and becoming a millionaire. This doc served our country for 16 years and is now moving to a civilian job. They are moving from California to Minnesota and are looking forward to a dramatic salary increase and cost of living decrease. He worked hard moonlighting on the side and grew wealth by avoiding debt, and putting finances first. For finance 101 we are talking about itemizing deductions. 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 #170: Orthopedic Surgeon Completes His Military Commitment as a Millionaire and Finance 101: Itemizing Deductions

Today Dr. Dahle is answering all of your questions about taxes. He talks about FICA taxes, quarterly estimated payments, IRA contributions and tax deductions, paying taxes when you work in two states in one year, how to make your tax situation as efficient as possible and more. 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 #366: Tax Questions

Our guest today has a unique and inspiring story. He shares his journey from college to homelessness to financial success. He talked about what he learned and how he views the world on the other side of homelessness including gratitude for what he has and needing a lot less to be happy. He has paid off six figures of debt and built wealth to a quarter million dollars. After the interview stick around to for a discussion about risk 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 #169: Homeless to a Quarter Million Dollars and Finance 101: Risk

Today our friend Dr. Tyler Scott is joining Dr. Dahle to talk about disability insurance as well as to help answer your questions. Dr. Scott is a licensed dentist turned financial planner as well as a columnist here at WCI. Dr. Scott is here to preach the message that all docs need disability insurance and shares his story of going on disability. Later they talk about HSAs, saving for future home expenses, capital gains taxes, and how to clean up a disaster of an investment account and more. Kitces HSA Article:  https://www.kitces.com/blog/health-savings-accounts-hsa-dependents-children-age-26-hdhp-taxes-contribution-limits  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 #323: When is the Right Time to Invest in Real Estate?

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