PODCAST EPISODE 202 – The White Coat Window

ByPaul Adams
YouTube player

EPISODE SUMMARY

Doctors know what is coming when they are done with school or residency: a high paying job. This moment in time has been dubbed the “White Coat Window”. However, as an entrepreneur and/or business owner, you may find yourself in this window of increased income without a plan. Listen to Paul and Cory as they discuss how to best take advantage of your new income.

WHAT WAS COVERED

  • 00:00 – Show begins.
  • 00:35 – Paul intros
  • 00:45 – Cory explains the “ White Coat Window”
  • 06:30 – How do you take advantage of the white coat window
  • 09:00 – Scientific analogies on cash flow and income and expenses.
  • 16:50 – Why spending isn’t always the way to solve problems.
  • 20:00 – Building off your new income.
  • 26:15 – How to reset your white coat window.
  • 31:50 – How to connect with Sound Financial Group.

TWEETABLES

[Tweet “If the only thing controlling the amount of spending is the amount of income that you have, then when you expand it, you just get more of it, (your expenses). #YourBusinessYourWealth”]

[Tweet “Folks think they want more toys to play with in their free-time, but what they really want is more free-time. #YourBusinessYourWealth”]

[Tweet “If we’re not telling ourselves what a good life for us is, then other people will tell us what a good life is. #YourBusinessYourWealth”]

LINKS

Episode 138 – Jeff Miller – The Millionaire Next Door

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

SHARE THE SHOW

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

Click this link – Your Business Your Wealth

Click on the ‘Subscribe’ button below the artwork

Go to the ‘Ratings and Reviews’ section

Click on ‘Write a Review’

MUSIC CREDITS

Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.


——————————————————————————————————————————-

Transcribed by https://otter.ai

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:

yourbusinessyourwealth.com

© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLP

Recorded using Switcher Studio: [email protected]

Avatar photo
Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
Disclosure

Related Posts

  • PODCAST EPISODE 140: ENTREPRENEUR VS. FIDUCIARY

    EPISODE SUMMARY In this episode of Your Business, Your Wealth, Paul and Cory discuss mapping out a solid fiduciary strategy for your business and life. They talk about the distinct roles and responsibilities of an entrepreneur and a fiduciary. Finally, Paul and Cory stress the importance of building a personal balance sheet that aligns with your future goals. WHAT WAS…

  • PODCAST EPISODE 334 – Is This the Most Powerful Speech About Money Ever?

    In this episode, Paul introduces a speech from Ayn Rand’s Atlas Shrugged, exploring the philosophy behind it. He encourages critical thinking about the speech’s meaning, regardless of whether you’ve read the novel or not. Tune in to Part 1 of this 3-part series and expand your mindset and dive into literature. — This Material is Intended for General Public Use….

  • The First Step to Entrepreneurship: Map Your Life

    Once you figure out your true net worth, it’s time to ask arguably the most important question any entrepreneur can ask themselves: what kind of life do you want? This doesn’t mean generally, such as “I’d like to have more money” or “I’d like to have more free time.” You need to outline exactly what you want. Do you want…

  • Podcast Episode 95: Why We Should Talk, Part 2 – Should I Invest in Bitcoin?

    EPISODE SUMMARY In part two of this 10 part series, Why We Should Talk, Paul and Cory are talking about the wildly popular cryptocurrency, Bitcoin and if you should consider investing your money in it. Paul and Cory also discuss speculation vs investing and the risks that come with implementing a speculation strategy. WHAT WAS COVERED TWEETABLES “Fundamentally, what Bitcoin…

  • Podcast Episode 30: Why Paul Menig Doesn’t Want to Buy Your Business

    LISTEN HERE EPISODE SUMMARY Paul Menig is the Founder and CEO of Tech-I-M, a company that strives to achieve faster and more profitable growth. What are some of the ways you can increase the value of your business and make it an easier sell in the future? What kind of figures should you be looking at when trying to sell…

  • Podcast Episode 33: Stop Acting Rich Part 1

    LISTEN HERE EPISODE SUMMARY You may feel confronted by the financial topics discussed in this episode. You may also feel motivated by the topics of this week’s episode. However this episode makes you feel, you need to listen to this episode and next week’s episode to get a full understanding of Dr. Thomas Stanley’s book, Stop Acting Rich. Your host,…