White Coat Investor Podcast WCI #75: Increasing Your Primary Care Income - An Interview with Doc G from DiverseFI.com
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Oct 16, 2018 Doc G, a physician financial blogger from DiverseFI.com, shares his journey to almost seven-figure income in primary care. He delves into navigating financial independence and the importance of financial literacy from an early age. The conversation highlights the innovative three-fund portfolio strategy and a holistic view of financial independence that encompasses purpose and identity. Doc G also reflects on the emotional struggles of income fluctuations and emphasizes the need for meaningful connections and personal fulfillment in the pursuit of financial success.
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Introduction to FI
- Doc G was first introduced to financial independence (FI) when Jim Dahle asked him to review his book.
- Doc G's financially savvy upbringing influenced his early financial habits.
Teaching Kids About Money
- Model good financial behavior for your children instead of lecturing them.
- Children learn by observing your spending and saving habits.
DIY vs. Advisor
- Doc G initially used a financial advisor but realized his wife's simple index fund portfolio outperformed the advisor's.
- This prompted Doc G to take control of his own finances.