The Passive Income MD Podcast

James M. Dahle, MD, FACEP is a practicing emergency physician and a veteran who developed a passion for personal finance and investing early in his career after being ripped off by financial professionals of many types. After a lengthy self-education process, he realized nobody was teaching this material to physicians and similar high-income professionals and many of them were making the same mistakes he made. This passion grew into The White Coat Investor blog, established in May 2011 and now the most widely-read, physician-specific personal finance and investing website on the planet. He is the best-selling author of The White Coat Investor: A Doctor's Guide to Personal Finance and Investing and The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed.  He also has a new company to help you manage your student loan burden directly. Find out more and schedule a consultation here.

Where do you turn if you find yourself in the middle of a financial emergency? Do you have an emergency fund? Every situation is different, and what works for me may not work for you and I found that an emergency fund isn't the best for me. Will it be the same for you? That's what you'll have to decide for yourself. 

This week, we’re going to continue talking about retirement. Most would agree to feeling at least a little unprepared when it comes to retirement, while some even see retirement as a huge source of stress. So what does it take to truly feel confident in the idea of living out our retirement years in comfort? The AMA insurance company puts out reports every couple of years regarding retirement and physicians well-prepared for it. There are a lot of interesting things we can pull from this report, in this episode I’ll discuss a few of those things that I feel are important to note. 

I know many of you have thought about retirement, we talk about it quite a bit on this show as well as on our blog and website. But how many of you have a solid plan to get there? For those of you investing in real estate, how do you know when you hit that point and what it’ll take to get to retirement? In this episode, we are going to talk about “the big R”, that’s right retirement. Specifically, retiring early through real estate investing. More importantly, how many rental properties you need in order to retire.

For this episode, we are joined by the Co-founder of Trion Properties, Max Sharkansky. His team has done over 700 million dollars in transactions while working on multi-family properties. Since Trion Properties’ inception, they have generated an over 30% rate of return for their investors. Join me as I discuss Max’s journey to co-founding Trion Properties, the company’s journey over the past several years, and how Trion finds deals for investors.

For this episode, we will be discussing time. Time is our most valuable resource, isn’t it? For most of us, if you want to increase your income, you usually have to put in more time. Either that or find a job that pays you more. We should be focusing more energy and time on acquiring passive income. After all, what good is all of that money you’re making (slaving away dozens of hours a week) if you can’t enjoy life doing the things we love with the people we love?

For this episode, we are going to talk about one of my favorite subjects - financial freedom. For many, they think it’s just a pipedream. It seemed that way for me too in the beginning, and now when I think back on it (7 years later) so much has happened since then and it has constantly been on my mind. I guess you could say I’m a bit obsessed. Financial freedom has allowed me to do so many different things. It’s funny because as I’ve learned more about financial freedom, I’ve also learned a lot of myths surrounding it. I wonder if any of these myths are something you hold onto when it comes to financial freedom.

For this episode, we are talking about all things mortgages. I recently closed on my new home and I wanted to discuss with you all the topic of whether or not mortgages are a great way to force savings.  Mortgages are often thought of as a big liability but there are quite a few reasons why having a mortgage is very beneficial from a savings standpoint. Learn more by checking out this week’s podcast.

For this episode, we are joined by the Author, Founder, and CEO of the blog Physician of Fire, Dr. Leif Dahleen. Throughout this episode, we will dive into what Physician on Fire teaches its readers as well as what FIRE is. We will also discuss how and why Dr. Dahleen left his career as a successful anesthesiologist to create the lifestyle he's always wanted and his biggest challenges he faced on his FIRE journey.

For this episode, we are going to spend a little more time talking about passive real estate. What is passive real estate? What are the top three things you must know before investing into passive real estate?  Listen as Peter Kim discusses a little more about investing into passive real estate. Episode #52