White Coat Investor Podcast

WCI #425: WCICON25 Columnist Panel

Jun 26, 2025
In this lively discussion, Tyler Scott, a former public health dentist turned financial planner, Josh Katzowitz, a former sports writer with a flair for finance, and Julie Alonso, a psychiatrist focused on wellness, explore the concept of intentional spending. They share personal anecdotes on evolving spending habits and the importance of valuing experiences over material goods. Insights into cultivating a guilt-free abundance mindset, planning for memorable events, and managing finances with humor create a refreshing look at money management in the medical field.
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ANECDOTE

Travel as Intentional Extravagance

  • Tyler Scott and his family identified travel as an area to spend extravagantly as a shared value.
  • Transitioning to a career he loves allowed him to enjoy spending more present-focused.
ADVICE

Spend with Intention

  • Financial literacy empowers intentional spending with a clear budget.
  • Knowing how much you can spend enhances enjoyment and freedom with money.
ADVICE

Cash Flow Train for Spending

  • Use a cash flow system prioritizing savings, squirrel funds, bills, then spending.
  • This method balances financial security with guilt-free spending joyfully.
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