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White Coat Investor Podcast
MtoM #200: Military Family Physician Takes the Fast Lane to Wealth and Finance 101: The Millionaire Fastlane
00:29:44
This military family medicine doc has become a millionaire. He is doing all the right things to invest and build wealth, but his real focus is on real estate. He has a real entrepreneurial mindset and is a natural hustler. He is creating businesses,...
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- [00:00]
Jim Dahle
This is the White Coat Investor Podcast, Milestones to Millionaire. Celebrating stories of success along the journey to financial freedom.
- [00:14]
Alex
This is Milestones to Millionaire podcast number 200. Military family physician takes the fast lane to wealth. One of the most underrated financial moves in medicine is working locum tenants. It pays significantly more on average. You can work locums full time or on the side of your full time. And when you work with Comp Health, the number one staffing agency, they cover your housing and travel costs, which, on top of higher pay, really adds up. Lowcoms also gives you more control of your career, allowing you to go where you want, when you want, with a schedule that works for you. It's the perfect way to get ahead financially while getting focused on what you love. Whether it's locum tenens or a regular permanent position. Build your career your way with the power of Comp Health. Learn more at Comp Health. All right, guess what is coming up. WC Icon is coming up. Hey, we're in San Antonio this year, just outside San Antonio in hill country at a beautiful resort, right? Because it's a wellness conference. It's the Physician Wellness and Financial Literacy Conference. We want you to go home more well than you were when you came. And so we set it up at a really nice place to stay. We have all kinds of fun activities. We knock off all the, you know, learning stuff at 4 o'clock and go relax and have fun and have all these great activities planned. That's what WC Icon is all about. But don't worry, the stuff before 4 o'clock is very good, too. And it's worth your time to come to, right? Not only if you're interested in just wellness or if you're interested in financial stuff, you know, financial literacy, whether that's anything from insurance to real estate investing to asset protection, whatever, we got all that stuff in the conference, too. Don't worry. But you're almost out of time if you want to get a swag bag when you come to the conference. Okay, our swag bag deadline is December 12th, and I think this podcast drops December 9th. So if you want a swag bag when you come to the conference. And the swag bags are good, right, you're getting books and stuff in this swag bag. Make sure you sign up by the 12th. It's a great conference. We can't wait to have you there. I want to meet you personally, hear about your successes, hear about your challenges. You can sign up@wcievents.com all right, we got a pretty interesting Interview here today. You know, as I record this, we did four Milestones interviews today. You haven't heard a bunch of them. I think this one will run the earliest of those four, even though it's the fourth one we're recording. But they kind of went in progression. You know, we had somebody that was an intern at the relatively early milestone, somebody that got back to broke, somebody that got rid of their student loans, and now someone who's building substantial wealth. So it's kind of a fun progression of what we've been recording today. Now, I know you're not going to listen to them in that order, but it is fun to talk with all of you about your successes and your challenges in real life. And that's what this podcast is all about. It's about you. It's driven by you. Okay? So let us know what you like, let us know what you don't like, and we'll make the changes. Because the whole point of us being here and sitting here in this studio today, Megan and I recording this, and Wendell, our AV guy, is spending even more hours than we're spending with it. To get it all pretty for you is to help you. That's what we're here for. But we do need guests, right? Without guests on this podcast, it doesn't really work in this format. So if you want to sign up, go to whitecoatinvestor.commilestones and you can apply to come on this podcast. I don't care what milestone we're celebrating. I don't care if you bought a new tire for your car. We'll celebrate it with you and use it to inspire others to do the same. All right? Or if you got $50 million or whatever, I don't care. We'll celebrate it with you. We'll talk with you about your finances, and we'll try to help others to do with theirs. I want you to stick around after this interview today. We're going to talk a little bit about a book that came out a while back called the Millionaire Fastlane by a fellow by the name of MJ DeMarco. And I think in connection with this interview, you'll find it useful. My guest today on the Milestones podcast is Alex. Alex, welcome to the podcast.
- [04:07]
Stephanie
Awesome. Hey, Jim. So happy to be here. Thanks for having me on the podcast today.
- [04:10]
Alex
So tell us what you do for a living, how far you are out of training, and what part of the country you live in.
- [04:15]
Stephanie
Awesome. I would love to. I'm a family medicine physician in the United States. Air Force. I'm stationed over in Colorado Springs. I've been out of residency for almost 4 years now and absolutely love it.
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Alex
Very cool. 4 years is all. And you're working for the Air Force. Well, now I'm really impressed with the milestone we're celebrating today. Tell us what milestone we're celebrating.
- [04:35]
Stephanie
Absolutely. Milestone to millionaire. So super excited. Hit the million dollar net worth right before I turned 31, 32 now, so I was still 30 and super excited about that and grateful for the opportunity and just the investments that came along the way.
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Alex
Well, thank you for your service, number one.
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Stephanie
Yeah, you as well.
- [04:53]
Alex
Number two, tell us about your family. Are you married, have a partner, kids?
- [04:58]
Stephanie
Yeah, absolutely. I'm married, have two kids. My wife, Stephanie, she's a wedding photographer, travels all over the country, but largely in Virginia where we grew up and does a lot of weddings there, a lot of photography sessions there and owns her own small business. So it's been really cool to see her grow her business, scale her business and run that remotely, as we've learned. Lived in different duty stations. We were at Eglin Air Force Base in Florida and then now here in Colorado Springs. I have two amazing boys. One is almost four years old. His name's Jack, he's the best. And then Owen, who has just turned five months old yesterday and time is flying there. So super grateful.
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Alex
Is she just absolutely crushing it with this wedding photography business? Like she's making more money than you are as a doc.
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Stephanie
Phew. I wish she could. If she was doing it full time and we lived in Virginia when we first got married, she was my sugar mama for sure. I was in residency and she was making doctor money with her business and doing a bunch of weddings and just kind of traveling back and forth from Florida to Virginia. And then we moved to Colorado and she decided, hey, I want to spend some more time with my kids. So she's cut back her weddings in half. She makes about 80 to 100k per year doing that. And then we're planning on potentially moving back this coming summer once my time in the Air Force is up, and then she'll take that on more full time. She absolutely loves her work and wants to build that back up again. And she's so amazing at what she does. She has so much demand for weddings that she could, she could just do it all the time. So it's been really cool to see.
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Alex
You understand why I'm asking though, right? Because the math doesn't add up. I know what a military family physician gets paid and you haven't earned a million dollars since you became an attendee.
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Stephanie
Yeah, no, that's exactly right. So a few ways that I've done that, Jim. One was when I got into residency. I bought a house with $58 out of my pocket using the physician loan. And that $58 was terrifying. I was like, oh, my gosh, this is a terrifying experience. I grew up with really humble beginnings. My family did not make much money. My dad worked incredibly hard to support our family. My parents got divorced. But I really saw the importance of hard work, and obviously that led well for med school and beyond. And so I saw that, and I realized I was never going to take the chance or never going to put my family in that same position financially. And so I was always really interested in money and how to save and how to set up myself well financially. And so went to college. Then, of course, got the HPSP scholarship, the health promotion scholarship program through the Air Force to pay for med school. And then, as you know as well, they gave you that little stipend. So I was able to keep living expenses really low while I was in medical school. I had a roommate, so I was paying, I think, like $700 a month, maybe for rent. And I tell you what, I was making, I think, $28,000. And I felt like the richest man in the world. And so I was able to graduate med school debt free because I used that stipend to pay off the little bit of undergrad debt that I had. I was fortunate to get some scholars for undergrad. And then I bought that house, $58 out of my pocket. We did like a live in flip light while we were in residency. We wanted to buy a duplex or a quadplex and house hack that, but there was just not a lot of them available where I was in residency. So we did a live and flip. Luckily, Florida's real estate prices have gone through the roof, so that house has more than doubled. We turned that into a rental. Cash flow, $1,000 a month on that. And then I met some partners. And I would say to anyone listening, if you're getting started or you're trying to figure out what your next steps are, partnerships and being in the right room with the right people. Of course, after you educate yourself, which is why this podcast is so amazing and White Coat investor and all your content is so incredible. But once you educate yourself, you have to take action. And I think that's what set me apart, why we've been able to hit that millionaire milestone so early. And we're fortunate that my wife's income is pretty good. My income's relatively good. Pretty poor for family med doc in terms of salary, but the Air Force offers a lot of good benefits. And so we rented that house out and then we moved to Colorado Springs. We bought our house that we live in now. Currently we house hack that. And so we rent out our basement. That covers our, covers our mortgage and almost all of our expenses. So we almost live for free in Colorado Springs, which is amazing. Then we're able to take that $2,500 a month and put that towards other investments. And that snowball has just continued to grow from that in our other investments. But the partnership and the network piece, as I mentioned briefly before, has been so important in a military mastermind called From Military to Millionaire. The mastermind is called the War Room. And through that I found amazing partners, Charlie and Luke. And so we bought some short term rentals. Initially, we had a couple short term rentals, sold one, kept one. And that cash flows incredibly well. My wife and I joke all the time. It's a geodesic dome in the mountains of Colorado. Really cool stick build home right near Eldora ski resort, if you're familiar. And that thing grossed 110,000 its first year. It's been grossing $100,000 every year. We've been netting about 60,000. We have some partners on that. We're like, man, if we just bought two of these and we owned them outright, that'd be it, that'd be the end. We wouldn't need to work anymore. And so we've been very fortunate.
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Alex
You know, it's interesting you mentioned that because I've said this many times, particularly in a lot of our real estate content, that I think the fastest way to financially independent financial independence is building a short term rental empire.
- [10:00]
Stephanie
Yeah. Yeah, it is. The tricky part is the regulations piece. And I think, you know, Airbnbs, as more and more people got into that during the pandemic, it just became more saturated of a market. So you really have to invest in places that are tourist specific. Regulations have already been figured out and understanding that, hey, these may change and you need to have a backup plan. But that's been great. We sold another short term rental, so that added to our net worth significantly there from that perspective. And then now we just focus largely on residential assisted living homes. So my partner, Charlie and Luke, we own five that we lease to operators and then we own three more through a fund that we started. And so that's where a large Portion of our net worth has come from, has been partnership and then we own a couple small businesses. I host a podcast called Physicians and Properties. And then through that have a little, a few little businesses. And then we have a mastermind for residential assisted living as well. And so that cash flows quite well. So been really fortunate and incredibly grateful for how things worked out. But if it wasn't for partners, most specifically my wife and then my business partners, I would not be, would not have been a millionaire at 30, I would not be a millionaire now at age 32. And so just really grateful for where I am.
- [11:11]
Alex
Yeah, very cool. So if we had to break it down, I mean, when you applied for this, I think you said your net worth was 1.3 million. I assume it's a little higher now since it takes a while to get you on the podcast. Yeah, but let's break it down. How much you got in retirement accounts, how much you got in cash, how much you got in non real estate investments, how much you got in real estate investments, how much do you have in, you know, your residence, et cetera?
- [11:33]
Stephanie
Yeah, absolutely. So retirement accounts, between me and my wife, we probably have about 400,000. I haven't checked in a while and of course the market's been on quite the bull run lately, so maybe more. And that's just in TSP, Roth IRA, a SEP IRA for my wife. So probably about 400, 450,000 there. We have 200,000 in our Florida house. In terms of equity, we have probably 150 ish thousand in equity in our home here in Colorado Springs between the five residential assisted living homes. Equity, of course, that's in a partnership split three ways. But equity in that would probably be close to 400 or 500,000 if we were to pull that out. And then the fund, that's a little bit tricky because we own such a small percentage of that, but probably another 100,000 or so in that regard. Also have a few investments. I helped raise some capital for a boutique hotel in the Smoky Mountains called Tremont Lodge and that we're renovating right now. So I helped raise some capital for that. So I have a small equity position in that. And then I've also invested in a mobile home park syndication, just 50,000 there. So that kind of makes up the majority of our net worth. And then we have some traditional stock investing accounts, 40 or $50,000 in those and then a few other just little accounts here and there to make up the total. So we're largely real estate heavy. But then Our retirement accounts between tsp, Roth, ira, sep, IRA make up a significant portion of our net worth as well.
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Alex
Yeah, a bit of a balanced approach there.
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Stephanie
Exactly. Yeah. And I think that's important. I love real estate. I think that that is the best way to build wealth. And I'm biased in that regard. But I think having a balanced approach is really, really appropriate, especially given market dynamics and so forth. As we've seen with pandemic and elections and whatnot.
- [13:13]
Alex
Nobody's complaining this year if they own US stocks.
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Stephanie
No, not at all. And I think a little bit of a surprise, but certainly grateful.
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Alex
Yeah. Now, like most real estate investors, you're not terribly debt averse. I think a lot of people that take the HPSP scholarship sometimes are. Tell us about your attitude toward debt and using it to help you along the way to build wealth.
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Stephanie
Yeah, well, I think debt is used properly, is such an important tool, especially in real estate. I mean what other place can you leverage a loan 10% down for short term rentals, no money down for the physician loan or VA loan which is a huge benefit or some DSCR loans or commercial loans that are 20 to 30%. It's just huge. I look at it more from the leverage perspective is enormous. I agree. From a debt perspective certainly am adverse. I have zero debt at all on credit cards or anything else. We have no debt other than our mortgages on these properties. But I think that is safe, more safe than traditional debt, largely from the fact of it's a tangible asset that I can see and touch and feel and cash flows every month and it's protected. If we look back at market dynamics over time, real estate has always gone up with inflation and frankly I don't see inflation ever stopping anytime soon with all the cash that's been pumped into the system lately. I think it's a really safe bet. I think it's healthy debt. I would say. I think the folks that really get themselves into trouble are with that consumer. Consumer debt.
- [14:43]
Alex
The phrase you use I think is very important it cash flows. Right. Because putting enough down to make sure you have a cash flow positive property is very important. You can have an infinite number of cash flow positive properties, but even a position income can only carry so many cash flow negative properties. Now you've gotten away, it sounds like with some relatively small down payments and still been positive cash flow, which is very fortunate. But a lot of people find the only way to be cash flow positive is to make bigger down payments. 25, 30, 33%, things like that. Sometimes to be Cash flow positive. What have you found with your most recent properties that you bought through the fund or whatever? Have you been having to put down more than you used to?
- [15:28]
Stephanie
Yeah, that's a great question. The fund is a bit different. So that was. We partnered with an operator and he's renovating the assisted living homes. And then we're getting more private pay residents. And so we're adding equity in the renovations perspective, also adding equity in terms of the business and able to charge more. And of course, those are commercial properties and probably a bit more advanced for folks that are listening to this in terms of how they're valued. But as much as we increase the net operating income based off the cap rate, we're adding value. So that's a bit different there from that perspective. For ours that we own and we lease out to operators. For example, the last deal that we did was in Arizona. We sent out some direct mail, so I was able to find a list of all the assisted living homes in Arizona and we were able to use that to find the addresses for all of those using our VA. Then we were able to send out direct mail, 648 letters that we sent out. We had about 40 folks reach back out to us that were interested in selling their home and their business. And that's largely because of the silver tsunami of businesses. We see these mom and pop owners who want to retire. And we also see the silver tsunami in terms of residential assisted living as more and more folks are needing these homes. But we sent out these mailers, we had about 40 people reach back out. And then we, we were talking seriously with five. We got four under contract. One was the one that ultimately worked out. And it really was just a conversation with them to figure out, hey, what did they want? And they were open to seller financing because they had a lot of real estate experience. And we figured out, they said, hey, we just want $45,000 so we can pay off this loan that we have for the down payment. And then we just want the cash flow. We want to retire and so we want the cash flow. So we settled on paying them $750,000 for the house and the business. It was a fully licensed residential assisted living home at the time. They had six residents in it. It's licensed for 10. And so we settled at 750,000, 6% down, which was the 45,000 that they were looking for. And then they sell our finance. And so we were able to get a 30 year amortization loan that is a 6% interest rate which at the time, we were looking at about eight, eight and a half for commercial financing. So that was incredible. We were able to get into that home for 6% down, which is fantastic. Now, the beauty of that is we have two investors that covered the down payment in some reserves, 25,000 each. We're paying them 10%, simple interest. And so we essentially got into that for our business for about 10 to 12,000, covering some renovation cost and closing costs. And that house cash flow is almost three grand a month, and that's with 6% down. So residential assisted living is an amazing opportunity now and into the future. But that was a little kind of quick deep dive of our latest deal that we've done.
- [18:04]
Alex
Yeah, very cool. So still finding the stuff where you're not putting a lot down, but clearly you have an entrepreneurial bent to you.
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Stephanie
Yeah, absolutely. Absolutely.
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Alex
You are not content to just work your shifts and carve out some money and put it into VTI kind of investment and go spend your time on your hobbies. You're spending some time and some effort learning and doing some more interesting stuff. Any regrets whatsoever about that?
- [18:31]
Stephanie
No, no regrets whatsoever. I think. I think you just have to figure out, you know, I think we're all struggling with balance in some capacity. And a few things that help me is one, my family is most important to me and I'm lucky to have a really supportive wife who understands. Right now we're in kind of that hustle mode. But for me, I've always made it a priority. Like, I get home from work around 5:00, I take my cell phone, I put it on top of the kitchen counter. I don't touch it until my kids go to bed because that time is way more important than any business or any real estate transaction. Like, the only people who are going to remember I work or I wasn't there is going to be my family, it's going to be my wife and my kids, not going to be the patients, it's not going to be clinic leadership, it's not going to be anybody else. That's it. Those are the only people who are going to remember. And that's what's most important. And so I've really taken that to heart that work is at work and home is at home, and then real estate and business comes in between. And so that does require waking up early or staying up late. But it's worth it. It's been absolutely worth it. I would not be where I was if it wasn't for that. But no, to answer your Question. No regrets. I mean, I'd say my biggest hobby probably is it was real estate entrepreneurship. I just absolutely love it. I love the opportunity, like you to educate physicians. And so it's just been a blast to be able to have that opportunity to do that. And then, you know, the residential assisted living space is such an incredible space to not only invest, but also get that fulfillment and know that, hey, we're changing the face of senior care through our mastermind and through our homes that we own. And so that's just been so fulfilling to me. So I think that, you know, that has been something I've enjoyed so much, and I find time for hobbies, as we, as we mentioned before the podcast, I just got from an elk hunting trip last night, pretty late, and so I just find time for those hobbies to work. I love to ski. I love to be in the mountains as you do as well. And so I'm super grateful for that. But it's just finding that time and being willing to take that time to recharge your batteries if you are, you know, working full time and doing the entrepreneurship side gig as well.
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Alex
Yeah. Well, congratulations to you on your success. Thank you so much for being willing to come on the podcast and share with others and hopefully inspire them to do the same.
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Stephanie
Absolutely. Thank you, Jim. I really appreciate it.
- [20:37]
Alex
Okay. I hope you enjoyed that interview. That is not our typical interview. As you'll notice, Alex is a hustler. There's no doubt about it, right. He's willing to go out there and put in some extra work, build some wealth, take some risk. Right? Take some business risks, start some new businesses, learn some new stuff, take on some risk. He's got some significant leverage risk in his life. You know, when you're getting into properties for nothing and 6% and 10% down, there's some significant leverage risk. And of course, leverage works both ways. So you got to be careful when you live your financial life this way, things can blow up. But in general, when you put this much work into it and this much attention into it, yes, you're going to have some things that don't go perfectly for you, but you're going to have enough successes to make up for. Now, I mentioned at the beginning of the podcast, this book by MJ DeMarco, and I haven't read the whole book, but I'm familiar with the concepts in it. It's called the Millionaire Fast Lane, and he talks about there being three lanes in life that people choose with their finances. The first one is the sidewalk that's basically most people. They never build any wealth, and that's because they're not doing the things that build wealth. And so they're on the sidewalk. They're literally watching the rest of us go by and wondering, why can't I be like that? Or just not willing to do those things. And then he talks about the slow lane and the fast lane. And the fast lane, I think, is pretty well demonstrated by this interview with Alex. He's only four years out of residency. He's been in a military family doc job. And we can all look up what military family docs make. It's substantially less than the average family physician paycheck, I can assure you. And of course, his wife is working hard and hustling as well. And they've had a number of successes in their life, but four years out in millionaires, when I was in the military, it took us seven years, and three of those were not in the military before we were millionaires. And he's gotten there faster because he's on the fast lane with all this hustling and entrepreneurship that he's doing. So what does the slow lane look like? Well, the slow lane, I don't want to call it the guaranteed pathway to wealth. Sounds kind of boring, actually, when you put it that way. But that's basically what it is for a doc. Here's what it looks like. You get good training, you go get a decent job, you carve out maybe 20% of what you're making. You put it toward building wealth. You can invest it in low cost, broadly diversified portfolio, static asset allocation of index funds. So you put your money into a handful of index funds, and after 15, 20, 25 years, you are a multimillionaire who can retire very comfortably, maintain your lifestyle even after retirement, never have to worry about money again. Leave lots of money to your heirs and to charities. It's not guaranteed, but it's pretty close to guaranteed. If you carve out 20% of your income throughout your career and invest it just in that boring way, a few minutes a year is all you got to spend on your finances, really. And you're going to get there. This is what this author, M.J. deMarco, would call the slow lane. And maybe it is kind of slow if you're a typical earner, if you're in a family that only makes $80,000 a year, maybe it is kind of a slow lane for a physician. If you're willing to live on only $80,000 a year, this is a very fast lane. You can get the financial independence in five or 10 years out of training. If you're earning like a doc and spending like regular Joe. I tell people to live like a resident for two to five years, and that'll certainly give you a big jumpstart on your financial life. But if you just keep doing that, you get to fi very quickly, maybe a decade. The third lane, of course, is this entrepreneurial lane. There are no guarantees in the entrepreneurial lane. It's been fun for me in my life to have one foot kind of in this steady, slow lane and one foot in this not so steady fast lane. And we've had successes in the fast lane. We've obviously had successes in the slow lane as well. Would we have gotten to our goals in the slow lane if that's all there ever was? Absolutely. We wrote a plan up in residency that would have had us financially independent and me able to work whatever I wanted to work by.51. Well, 51 is only like a year away, year and a half away. I don't feel like I'm quite that old yet. Maybe I am. You guys look at me and see some gray hair when you're watching this on YouTube. But it went pretty fast. That's the slow lane pathway. And it would have worked just fine for us even if WCI had never made any money. But starting in 2011, I started hustling a little bit like Alex did, and working hard, trying to do some good things in the world, but also trying to make some money. And obviously WCI became successful. There's 18 of us working here now. We've got to make payroll every month. We are obviously able to do that so far. And that helped us build wealth faster. And because of that, we became financially independent about eight years faster than we expected to. So I don't want to tell you that the fast lane doesn't work. Clearly, it does work. Right? We went down the fast lane. Now, I don't know that I was hustling quite as much as as Alex was while I was in the military. That was a little different ops tempo back then. If I wasn't deployed, a couple of my partners were, and we were working an awful lot of shifts back then. Thankfully, deployments are not quite so frequent now as they were back then when I was in the military. And it gives people a little bit more time at home to maybe work on some other things. But the truth is, these both work. You've got to figure out what's right for you, what you don't want to do. Is say, oh, I'm mostly just going to be in the slow lane, but I'm just going to gamble on this other thing on the side. Right? That's a bad idea. That doesn't work out very well for anybody to put a big chunk of their net worth into something they did not learn much about, they're not paying much attention to. That's a bad idea. Don't do that. Okay? If you want to be in this fast lane, get all the way into it. Yes, you can still work out the slow way, just like we did, but put both feet in, put the time in, learn what you need to do and put the effort in. And yes, there are costs, right? For some portion of your life, you're probably going to feel like you got a couple of jobs and hopefully that pays off very well for you. There's no guarantee, obviously it's going to, but the entrepreneurial pathway can be very effective. It's just a much less guaranteed pathway. So figure out what's right for you. Don't feel guilty that you're not in the other pathway. Whatever you choose, don't choose the sidewalk. The slow lane is fine. The fast lane is fine, too. I'm not here to judge you, no matter which one you're in, but figure out what works for you. Write down a financial plan, follow the financial plan, and make sure you're adequately educated for the pathway that you choose. Hope that's helpful to you. One of the most underrated financial moves in medicine is working locum tenens. It pays significantly more on average, and you can work locum's full time or on the side of your full time. When you work with Comp Health, the number one staffing agency, they cover your housing and travel costs, which, on top of higher pay, really adds up. Locums also gives you more control of your career, allowing you to go where you want, when you want with a schedule that works for you. It's the perfect way to get ahead financially while getting focused on what you love. Whether it's locum tenens or a regular permanent position, build your career your way with the power of Comp Health. Learn more@comp health.com all right, don't forget WC icon. The swag bag deadline is the 12th. You can still register to come after the 12th. We'd still love to have you. Right? In fact, I don't think we're going to be totally sold out at this conference. I guess that's always possible, but you can probably walk up the day of the conference and register if you want, but you won't get this swag bag and it is a sweet swag bag. So Register by the 12th. Come see us in San Antonio. It's going to be a great conference. Sign up@wcievents.com that deadline is December 12, 2024. More information is wcievents.com you can go there. You can see pictures of the resort, you can see who the speakers are going to be, what the topics are going to be. The conference is running February 26 through March 1, 2025, so it's a great time of year to be down there in San Antonio and I'm looking forward to meeting as many of you as I can there. Thanks for listening to the podcast. We appreciate you being here and I hope it's helpful to you. Give us feedback, send us emails editorwhitecoatinvestor.com we will improve it as much as we can and make it as useful as we can for you. We really, truly are here to serve you. Thanks so much for what you're doing and we'll see you next time on the Milestones to Millionaire podcast.
- [29:23]
Jim Dahle
The hosts of the White Coat Investor are not licensed accountants, attorneys or financial advisors. This podcast is for your entertainment and information only. It should not be considered professional or personalized financial advice. You should consult the appropriate professional for specific advice relating to your situation.