3min chapter

MtoM #165: Pediatric Resident Gets Back to Broke and Finance 101: Mutual Funds

White Coat Investor Podcast

CHAPTER

Managing Windfall Finances as a Pediatric Resident

A pediatric resident details their financial decisions after receiving a $130,000 windfall, including paying off debts, maximizing retirement accounts, and strategizing to tackle $266,000 in student loans. The chapter explores considerations around home ownership, investment choices, and balancing debt repayment with investing priorities.

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Transcript

Episode notes

Speaker 2

Yeah. It's tricky, isn't it? It was one film I knew it was going to happen because we were two weeks behind schedule.

Speaker 1

But it's also one of those experiences where they can't fire the director. Yeah. So who's the next in line? That was a whole situation with me. Yeah. Exactly. There needs to be somebody who's going to take the fall because it's firing directors, a much bigger deal. Yeah.

Speaker 2

I got fired and they added three weeks to the schedule, so... Yeah, so it doesn't seem fair. I was finally... They had the money, but they had to fire somebody in a lot of this bill to

Speaker 1

do. To get the money, yeah. That's exactly right.

Speaker 3

But anyway, well,

Speaker 2

that's a good place to end up. I didn't

Speaker 1

mean to end up. I know. I meant it as like, I'll end it on a slightly positive note, which is, so I was pretty down the dumps. Similarly, I went to the AIC like the next week and Connie had died and they were giving them like a posthumous, maybe for road to tradition. But whatever it was, I do remember Andy Garcia making a whole speech about on Jennifer 8, how many times they tried to fire, come on that movie. It made me feel much better. It's similar to what you say when you talk to Connie. It's funny that they both involved Connie is that that story made me go, it's going to be all right. It's like, this is like part of the journey. And then the next week, there was a movie that I really wanted to do and Matty Leave your teeth dropped out and then they called me and that was like the beginning of like a really good year. So it worked out. It's good for anybody listening. It's temporary and it's always for a reason, that's for sure. It'll make you better.

Speaker 3

Thanks for listening. If you want more information and further discussion, check out the forums at www.RogerDeacon.com. Becoming a member is free and you can ask follow up questions there. And be sure to subscribe to the podcast for more new questions and topics. Also, check us out on Instagram at team.deacons. See you next time.