Long-term readers know that the title of The White Coat Investor does not refer to me, it refers to you. I have tried to gradually focus the blog and podcast less and less on me and more and more on you.
One of the ways we have done that is our #livelikearesident and #backtobroke social media campaigns. We have used these campaigns on social media over the last year or two to celebrate with white coat investors when they pay off their student loans. Not only does this give them a well-earned pat on the back, but it inspires others to do the same. It shows people that the stuff we talk about here really does work. (If you want to participate, apply here.)
Here are a few examples:
On the podcast, we have noticed that some of our most popular episodes have been those where we bring regular listeners onto the podcast to share their stories. We have done this with people who have paid off their student loans, people who have become millionaires (built a net worth of a million dollars or sometimes much more), and with people who have obtained Public Service Loan Forgiveness. Each time we do an episode like that we get fantastic feedback about how inspiring people found it to be. So we decided that instead of doing it a couple of times a year, we're going to do it every week!
Introducing the NEW Milestones to Millionaire Podcast!
We call this new podcast Milestones to Millionaire. They will be short (<15 minute) episodes featuring an interview with a single listener. Our first episode drops today for download. If you are already subscribed to The White Coat Investor podcast, these episodes will just show up in the same feed. If you are not yet subscribed, why not give it a try? It's great for listening to on your way to or from work, while walking about the neighborhood socially distancing, while doing chores, or while working out. The shownotes from these episodes will be combined with the regular podcast episodes that drop every Thursday right here on the blog.
What can you expect to hear about on Milestones to Millionaires? You should expect to hear financial success stories from doctors, other high-income professionals, and their partners. There is no hard and fast definition of a “milestone” but we expect to have episodes that include milestones such as:
- Achieving a net worth of $0 (getting back to broke)
- Paying off student loans
- Receiving Public Service Loan Forgiveness
- Hitting a net worth of $100,000
- Hitting a net worth of $500,000
- Becoming a millionaire
- Paying off a mortgage
- Reaching financial independence
- Retiring from medicine
- Becoming a pentamillionaire
- Becoming a decamillionaire
We recognize that the further down this list we go, the more frequently the guests may request anonymity, but we think there will still be value to you in hearing their stories. You can listen to these episodes as a podcast or even watch them on the Youtube channel. We hope you will celebrate their accomplishments with us. We hope you will be inspired to follow in their footsteps. We hope you will learn practical lessons you can apply in your own journey toward these goals. We hope you will see that everyone has their own pathway to success; there are many roads to Dublin. Most importantly, we want you to see that investing is a single player game—it's just you against your financial goals. You don't have to beat the market and you certainly don't have to beat your peers and colleagues. This is a game we can all win. Let's get rid of this taboo that you cannot do well while doing good.
So check out today's episode. Send us feedback about what you like and what you don't. If you would like to be a guest on the Milestones to Millionaire podcast, simply apply using the link below. In particular, we're looking for a couple of people in the Salt Lake area for two very special episodes we will record live during WCICON21. You will eventually be able to see all the episodes on this page as well as the White Coat Investor Youtube Channel.
#1 – High COLA Family Doc Slays $400K in Student Loans
Sponsored by: Bob Bhayani at drdisabilityquotes.com
What do you think? Do you like the podcast? What would you like to hear more of on it? Comment below!