White Coat Investor Podcast WCI #343: How Do You Know If You Are Getting Good Advice at a Fair Price?
Nov 30, 2023
This podcast discusses topics such as paying down debt vs investing, renting vs buying a home, understanding retirement plan options, finding good financial advice, and the importance of financial literacy. The hosts share examples and provide insights on how to make informed financial decisions.
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Pediatrician's Multi-Million Success
- A pediatrician built a neonatology practice and sold it for $30 million.
- He saves millions yearly and generously gives $1-2 million to charity annually.
Rent vs Buy Guidance
- If renting costs less than buying, consider renting if homeownership isn't a priority.
- Don't let high mortgage rates alone keep you from buying when the timing suits you.
High-Interest Mortgage Paydown
- With a 7.8% mortgage rate, paying down debt usually beats investing in taxable accounts.
- Max out tax-advantaged accounts first, then consider paying extra on your mortgage.