The Passive Income MD Podcast

Dr. Jimmy Turner is a practicing regional anesthesiologist, owner of The Physician Philosopher blog, host of the Money Meets Medicine podcast and author of The Physician Philosopher's Guide to Personal Finance. He strives to teach other medical professionals how to escape the burdens of student loan debt, invest efficiently, and find the financial freedom they deserve. As part of these efforts, Dr. Turner created a 10-week 4th-year medical school curriculum at Wake Forest called the Financial Literacy and Resiliency Education (FLARE) program. To join and save your spot for the Fall Alpha Group Coaching Experience, use this link: https://passiveincomemd.com/alpha-group-coaching https://passiveincomemd.com/podcast69/

Our guest this week is Stephanie Pearson, MD, FACOG, a Board Certified OB/GYN and an advocate and advisor for physicians' disability insurance. A resident of Wynnewood, PA, Stephanie grew up in Southern New Jersey, received her B.S. from Emory University and her MD from MCP/Hahnemann (now Drexel University College of Medicine). Before becoming injured, she practiced obstetrics and gynecology at a community hospital in suburban Philadelphia. She now consults with residents and attending physicians about the importance and nuances of disability and life insurance at PearsonRavitz. https://passiveincomemd.com/podcast68

Does the perfect investment exist? Sometimes I feel like Indiana Jones, searching for the Holy Grail that is the "perfect investment." I've spent time imagining what it would look like if it did exist. https://passiveincomemd.com/podcast67/

Real estate investing is a powerful way to generate cash flow, build wealth, and increase your overall net worth. But it's not without risks. Here are some of those risks to consider when owning rental property. https://passiveincomemd.com/podcast66/

I often get this question, what's the best way to evaluate an investment? In our Facebook group, Passive Income Docs, we talked about many potential ways to evaluate investments, one of these is cash-on-cash (CoC) return.

Have you ever asked yourself how many summers you have left? A colleague said something that has really stuck with me. He said, "I don't have too many summers left, so…" I did a little more thinking, and determined that there are a few major ways to make the most of the time I have. So how many summers do you have left? And how are you going to make the most of your summer? https://passiveincomemd.com/podcast64/

Finances can be tricky, whether you are buying a rental property, investing, or making a budget. I'll frequently find myself getting stuck in a classic "paralysis by analysis" situation. In times like this, what has helped me greatly is to refer to some simple rules of thumb for each situation. If you're considering an investment or a purchase, having a rule of thumb can give you have a quick idea of whether it's worth your time to pursue or analyze it further. Think of these rules of thumb as a basic guide to help make a quick determination. https://passiveincomemd.com/podcast63/

I've had several discussions with my colleagues regarding personal finance and retirement. Throughout these conversations, it becomes evident that most people have no idea what they actually need to retire or if they have enough cash flow because they don't track it. In this podcast, we are going to talk about tracking your finances. https://passiveincomemd.com/podcast62/

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.

Jim Dahle, an emergency physician and founder of The White Coat Investor, dives into the intricate world of student loans for healthcare professionals. He discusses the soaring student debt levels and the common mistakes physicians make, such as refinancing blunders and mischoosing repayment plans. Dahle also shares insights into his new company that offers personalized student loan consultations. With practical advice on when to seek help, he emphasizes the importance of managing loans early in one's career to pave the way for financial freedom.