This podcast features a radiologist who moved from Brazil to the US, sharing advice for international medical graduates on succeeding in the US financial system. The episode covers topics such as disability and life insurance, financial independence, investing in rental properties, running your own company, and financial advice for IMGs in the US.
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insights INSIGHT
IMGs Often Have A Debt Advantage
IMGs often arrive with no student loans, giving them a big investing advantage over U.S. graduates.
That clean slate lets them invest earlier instead of prioritizing loan repayment.
question_answer ANECDOTE
Arriving With Little And Building From Scratch
Raquel arrived in the U.S. 20 years ago with two suitcases and a medical diploma and started with almost no financial knowledge.
She relied on frugality and saving taught by her father to get a head start during fellowship and early attending years.
volunteer_activism ADVICE
Read, Learn, And Implement Financially
Read trusted, targeted resources and act: Raquel read The White Coat Investor and implemented chapter-by-chapter changes.
Take courses, listen to podcasts, and apply lessons to reduce advisor fees and improve diversification.
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This radiologist moved here from Brazil 20 years ago after completing medical school. She wanted to come on the podcast to help educate other international medical graduates about how to succeed in the US financial system. It was a steep learning curve but she wants all immigrants to know they can do this and be successful! This episode is packed full of advice and encouragement. Raquel Oliva Alencar, is an MD, PhD, and CEO and Founder of Scientia Imaging. After the podcast Dr. Dahle talks more about IMGs.
Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place.
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 channel is for you!
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