Rick Van Ness, a prominent Boglehead and financial literacy advocate, shares his insights on common sense investing. He discusses his ten principles for investing wisely and emphasizes the value of bonds in today's market. Transforming financial understanding into actionable plans is a key theme, particularly recognizing personal values. The conversation also touches on the importance of debt management, saving early, and navigating the complexities of retirement accounts, providing listeners with practical tools to achieve financial wellness.
51:30
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Rick's Career Shift to Finance
Rick Van Ness transitioned from electrical engineering to financial literacy after losing his job.
He began teaching and making interactive YouTube videos to reach a wider audience with personal finance education.
volunteer_activism ADVICE
The Power of a Written Plan
Writing down your financial plan repeatedly reveals what you truly value.
Keeping your plan visible helps you remember and act on your financial goals.
volunteer_activism ADVICE
Start Saving Early, Whatever Age
Young doctors should make a plan for paying off loans and start saving early, no matter how small.
Older doctors must start saving aggressively without taking inappropriate investment risks.
Get the Snipd Podcast app to discover more snips from this episode
This episode we interview prominent Boglehead published author Rick Van Ness. Rick has made a career of teaching financial literacy to the world. We review his ten principles for common sense investing as well as hear why Rick thinks bonds are worth investing in. He talks about his current passion, which we here at WCI understand, getting a financial plan in place. We discuss the importance of knowing what you value and making a plan that accounts for that.
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!
White Coat Investor Podcast 