White Coat Investor Podcast MtoM #223: ER Doc Gets His Finances in Order and Finance 101: Donor Advised Funds
May 19, 2025
Chris Reiba, an emergency medicine physician at the University of Utah, shares his enlightening journey to financial stability. He reveals how hiring a trustworthy financial advisor transformed his understanding of wealth-building. Chris discusses the newfound simplicity in growing wealth with proper education and his goal of becoming work optional by 50. The conversation also covers the ins and outs of Donor Advised Funds, exploring their tax benefits and value for charitable giving. A valuable discussion for any medical professional seeking financial clarity!
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Unexpected Journey to Emergency Medicine
- Chris Reiba stumbled into emergency medicine after starting as a paramedic out of high school boredom.
- He pursued medical school unexpectedly and now works as an ER doc and EMS associate medical director.
Early Financial Literacy Roots
- Chris learned financial basics early from his mother, who was an accountant.
- He balanced a checkbook before owning a checking account, building practical money skills.
Use an Advisor to Simplify Finances
- Hire a financial advisor not just to invest but to grasp the financial basics properly.
- Simplifying finance with expert help makes wealth growth straightforward and less intimidating.
