White Coat Investor Podcast

Delve into the world of health savings accounts and flexible spending accounts, from handling contribution errors to managing reimbursements. Explore the intricacies of malpractice insurance, including the impacts of employment structures and crucial contract clauses. Learn how to calculate investment returns effectively with Excel. Discover strategies for healthcare financial planning, emphasizing long-term investments and the wisdom of stock ownership. This episode is packed with insights to help you navigate complex financial landscapes!

Today we hear from a Veterinarian who is back to broke only 10 months out of training. This vet lives in the midwest and really shows what geo arbitrage can do. He has a fantastic income and a very low cost of living and those two things make a huge impact on finances. He has paid off almost all of his student loans and has saved for a down payment at the same time. His frugality, smart decisions, and hard work has made all of this possible. Using those skills will ensure that he will be financially independent in no time. After the interview we will talk about mutual funds for finance 101. Full disclosure, this is a sponsored promotion for Locumstory.com. But the weird thing here is there’s nothing they’re trying to sell you. Locumstory.com is simply a free, unbiased educational resource about locum tenens – it’s not an agency. They simply exist to answer your questions about the how-to’s of locums on their website, podcast, webinars, videos, and they even have a locums 101 crash course. Learn about locums and get insights from real-life physicians, PAs and NPs at https://Locumstory.com. 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! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

Dr. Matt Morgan, a radiologist and friend of Dr. Dahle, took a bold year-long sabbatical to embrace intentional living. He shares insights on prioritizing personal experiences over financial success, inspired by the book 'Die With Zero.' From enriching family travels through New Zealand and Europe to discussing challenges of balancing work and family time, Matt highlights how meaningful adventures fueled his growth. He also offers practical tips for those contemplating a similar life shift, emphasizing fulfillment beyond traditional career paths.

Listen to an inspiring story of a CRNA who became a millionaire in retirement savings after 18 years of hard work. She emphasizes the importance of self-advocacy for fair pay and spending aligned with personal values. The discussion also covers essential financial strategies, such as managing debt, effective budgeting, and smart investments. Plus, uncover valuable tax strategies to minimize liabilities and boost your net worth. This journey into financial empowerment is packed with practical advice for anyone aiming for financial freedom.

Explore the differences between Roth and Traditional IRAs and how they can benefit your kids. Learn about the essential considerations when switching your business 401(k) plan administrator. Get tips on what to do if you accidentally over-contribute to your 401(k). Discover financial wisdom from basketball players on managing high incomes and the importance of living within your means. Plus, delve into how kids can become entrepreneurs and the tax responsibilities that come with it.

An ophthalmologist shares his inspiring journey of overcoming financial mistakes, including parting ways with a costly advisor and dropping an overpriced policy. He emphasizes the importance of self-forgiveness and financial literacy in managing student loans and making informed financial choices. The conversation also delves into the significance of career longevity in healthcare, highlighting the need for balance between patient care, personal well-being, and sound financial planning for sustained success.

Dr. Rob Orman, an emergency medicine physician and coach, discusses vital strategies for navigating the challenges of burnout in the medical field. He highlights the transformative power of mindset and the importance of aligning personal values with career choices. Rob shares insights on the financial risks associated with burnout and provides guidance on effective financial planning for physicians. The conversation also touches upon the integration of side gigs into a medical career, emphasizing their potential to enhance both professional fulfillment and longevity.

In this episode, Dr. Dolly, a physician navigating the complexities of finance while raising young kids in NYC, shares her inspiring journey of overcoming nearly $1 million in student loans. The couple emphasizes the significance of knowing what truly matters to them, like prioritizing travel over a high-end apartment. They also discuss the financial challenges of parenting in a big city, from childcare costs to establishing teamwork in financial decision-making. Additionally, they touch on the intricacies of physician mortgages, offering valuable insights for fellow doctors.

The discussion kicks off with strategies for dealing with toxic workplaces and the importance of avoiding burnout to ensure career longevity. Real estate queries come into play, covering the intricacies of the 1031 exchange and whether to let home builders manage construction loans. Additionally, listeners gain insights on effective real estate investment approaches and financial planning for new home builds. The emphasis is on making informed decisions to enhance both personal well-being and financial health in a high-stress profession.

A dentist shares insights from his journey completing an HPSP contract, discussing both the ups and downs while celebrating his financial success. He reveals personal growth and unique experiences in military dentistry. The conversation then shifts to the essentials of credit scores, comparing them to an adult GPA and clarifying common myths. Listeners learn about responsible credit management and the importance of regular credit report reviews. The episode also highlights the free educational resource, Locumstory.com, for navigating locum tenens opportunities.