financial advisor Archives

Podcast: Play in new window | Download (Duration: 1:03:01 — 86.9MB)

Don’t be the doctor making $400k with $0 in the bank.

You risk your financial future by ignoring this ER doc’s advice — and Dr. Jim Dahle should know. The emergency physician and founder of The White Coat Investor joins M1s Luke Geis, Zach Grissom, Hunter Fisher, and Katherine Yu to share how he got burned early in his career — and what he did to fix it. From why disability insurance should top your post-grad checklist, to how physicians get targeted by shady financial “advisors,” to why home ownership in residency might not be the best idea — Dr. Dahle walks us through real, usable advice. He breaks down the cost of a good financial advisor, explains why index funds beat stock-picking 95% of the time, and why you should aim to be more than just an employee in medicine. We also get into financial planning for med students with kids, and why chasing hot stocks is a losing strategy, and how disability insurance can save your bacon.

Credits

Co-producers: Luke Geis and Hunter Fischer
Co-hosts: Zach Grissom and Katherine Yu
Guest: Jim Dahle, whitecoatinvestor.com

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Podcast: Play in new window | Download (Duration: 51:35 — 118.1MB)

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Do you, dear students, have tons of money? No? Weird. Luckily, Joe Saul-Sehy of the Stacking Benjamins podcast joins us on the show this week. Joe was a financial advisor for many years, he was known as the Money Man on WXYZ-TV in Detroit, and he’s a financial contributor in a bunch of places around the print and web news media. He and his wife Cheryl, a pediatrician, have gone through all the stages that pre-meds and med students go through. So we asked him to join us to talk about the strategies they employed to claw their way back from med school debt, educating yourself about how money works, having fun with managing your money, and why it’s particularly important for doctors to understand money. Joe’s got plenty of information, resources and ‘fintech’ apps to recommend for succeeding in this area that many people (never mind med students) have not adequately explored.