logo
episode-header-image
Sep 2021
54m 33s

WCI #227: Starting a Medical Practice

Dr. Jim Dahle of the White Coat Investor
About this episode

When you own your practice, you're able to give better care, have more control and less burnout over your professional life. In general, you make more money too. So, it is mostly all positive, although it does take some work upfront. Will and Juli Albright have been sharing their knowledge of practice startups on the blog for a couple of years, since they started their practice, Alamo Plastic Surgery. Will is the surgeon and Juli is the chief financial officer. They both join us in this episode to talk about their motivation to open a practice, the steps it took, the biggest obstacles and challenges, navigating salaries and benefits for employees, guarding against embezzlement, and marketing the practice. https://www.whitecoatinvestor.com/medical-practice-startup/ 

Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to turn. We have a thriving community across all of our social channels - facebook, twitter, instagram, reddit and our WCI forum. We have been discussing solutions to your money problems since 2011. Join the conversation with thousands of other White Coat Investors. Follow WCI on your favorite social media platform for financial resources, tips and strategies. Just head to your platform of choice and search for The White Coat Investor. You can do this and The White Coat Investor can help.

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 for 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!

Main Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  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 

Up next
Today
WCI #427: Dealing with a Disability Claim with Attorney Ben Glass
Today we are talking with Ben Glass, an attorney on our recommended list who helps docs make successful disability claims. Ben talks about what makes for a strong claim, when you might need to get an attorney involved, what mistakes he has seen docs make in the claims process and ... Show More
50m 12s
Jul 7
MtoM #230: Radiologist Hits Early Financial Independence and Finance 101: The Three Pathways to Wealth
Today we are chatting with a radiologist who has hit financial independence just six years out of training. This doc has taken a unique path from being a radiologist with a pain medicine specialty to his methods of making his millions. He is highly invested in crypto, individual ... Show More
24m 4s
Jul 3
WCI #426: A Deep Dive into HSAs
Today we are answering a questions about HSAs. We spend time really getting into the details of what an HSA is, who might want to use it when, contribution limits, and what the pros and cons of using an HSA are. We also answer a question about the thrift savings plan and what to ... Show More
1h 1m
Recommended Episodes
Apr 14
You Can Change Your Financial Life in 6 Months (Here’s How)
In this episode of the Personal Finance Podcast, we are going to talk about how you can change your financial life in 6 months. How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master ... Show More
48m 23s
Apr 14
You Can Change Your Financial Life in 6 Months (Here’s How)
In this episode of the Personal Finance Podcast, we are going to talk about how you can change your financial life in 6 months. How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master ... Show More
48m 23s
Dec 2024
What Do I do With an HSA at an Old Employer?! (Plus How to Avoid RMD's) - Money Q&A
In this episode of the Personal Finance Podcast, we're going to talk about what to do with an old HSA at an old employer, plus how to avoid RMD’s. Today we are going to answer these questions! Question 1: Can I transfer investments from a brokerage account to a retirement account ... Show More
39m 7s
Apr 15
Ep. 533 Physician’s Guide to Financial Literacy and Investment Strategies with Dr. Jim Dahle
The road towards financial literacy and financial freedom does not need to be a solo, do-it-yourself, figure it out as it goes type of journey. Guest Dr. Jim Dahle (practicing emergency medicine physician and Founder of the White Coat Investor) joins host Dr. Chris Beck to help b ... Show More
1h 1m
Jul 2024
Protecting Your Mental Health in the Healthcare Workplace, with the Burned Out Burnout Expert, Dr. Jessi Gold
We know that healthcare workers are burned out and exhausted. Provider mental health is a huge issue… but are the institutions listening?  This week on It’s OK, burnout expert Dr. Jessi Gold talks to us about (obviously) burnout, but also ways HCW* can start to change the workpla ... Show More
37m 29s
Jul 2024
531: Growing a Medical Practice with Dr. Rao
How to grow a Medical Practice with Dr. Ramesh Rao. Show Notes Page: https://www.thehowofbusiness.com/531-dr-rao-growing-medical-practice/ Dr. Ramesh Rao shares his immigrant and entrepreneurial journey and his insights and experience with growing a medical practice. Dr. Rao also ... Show More
49m 3s
Feb 2025
I have $1 Million Should I Sell Stocks and Go ALL IN on Index Funds
In this episode of the Personal Finance Podcast, we're going to discuss about I have $1 million, should I sell stocks or go all in on index funds? How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goa ... Show More
50m 39s
May 14
7 Mindset Shifts to Master Your Money Psychology
In this episode of the Personal Finance Podcast, we are going to talk about the seven mindset shifts to master your money psychology. Watch this episode on Youtube. How Andrew Can Help You: Listen to The Business Show ⁠here⁠. Don't let another year pass by without making signific ... Show More
37m 43s
Mar 2024
How to Buy a House The Right Way In 2024
In this episode of the Personal Finance Podcast, we are going to talk about how to buy a house the right way in 2024. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a futu ... Show More
45m 35s
Dec 2024
How to Never Go In Debt During The Holidays Again - Money Q&A
Join our free live masterclass teaching you how to Master Your Money Goals in 2025! Sign-Up Here Today we are going to answer these questions: Question 1: How to never Go Into Debt During the Holidays Again Question 2: Should I pay off debt with my emergency fund? Question 3: Why ... Show More
50m 50s