White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
Host, Dr. James Dahle, is a practicing emergency physician and founder of the White Coat Investor Blog. Like the blog, the White Coat Investor Podcast, is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor—or, at least know enough to not get ripped off by a financial advisor! We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Learn more at http://whitecoatinvestor.com/
Episodes
Mentioned books
Dec 18, 2025 • 58min
WCI #450: When You Win the Game, Stop Playing with Bill Bernstein
Bill Bernstein, a neurologist-turned-financial author, shares insights on reaching financial 'enough' and the emotional shift that follows. He emphasizes the importance of matching liabilities with stable assets like TIPS and SPIAs to secure living expenses. Bernstein discusses the risks of the current market, particularly the potential AI bubble, and his cautious approach to withdrawing from investments. He encourages aligning finances with personal values, advocating for deliberate spending and long-term planning to ensure a fulfilling life after achieving financial success.
Dec 15, 2025 • 25min
MtoM #253: A Dentist Acquires Enough to Run for Mayor and Finance 101: End of Year Giving
A dentist shares his inspiring journey to financial security that allows him to run for mayor, highlighting his commitment to community unity. He breaks down what it means to have 'enough' in terms of assets and lifestyle. The conversation shifts to empowering young dentists with advice on mentorship and practice ownership. The episode also dives into year-end charitable giving, discussing strategies for maximizing impact and tax benefits. Listeners gain valuable insights into effective philanthropy and managing finances for a better future.
6 snips
Dec 11, 2025 • 43min
WCI #449: Unions, ACATS Fraud, Vesting, HSAs, and ETFs: What Doctors Need to Know
Discover the pros and cons of unions for healthcare workers and their impact on job security. Learn how to guard against ACATS fraud, including key protective measures like multi-factor authentication. Get insights into vesting rules to understand what you keep when leaving a job. Explore upcoming changes to HSA eligibility and the benefits of ETF versus mutual fund investments for tax efficiency. This lively mix of financial advice offers practical tips tailored for medical professionals!
6 snips
Dec 8, 2025 • 24min
MtoM #252: Psych Resident Maxes Out Spousal and Personal IRAs and Finance 101: Boosting Your Income
In this entertaining discussion, Matthew, a PGY-4 psychiatry resident, shares his financial journey of maxing out Roth IRAs for him and his wife. He emphasizes the importance of early financial education and reveals how lucrative moonlighting boosted his income to $152,000. Matthew stresses the need for open conversations with his spouse about finances while maintaining a balanced lifestyle. Listeners also gain insights on practical income-boosting strategies, including taking surveys and seeking side gigs, to achieve financial goals efficiently.
28 snips
Dec 4, 2025 • 37min
WCI #448: Smart Retirement Moves for High-Income Professionals
This discussion dives into savvy retirement strategies for high-income professionals. Discover how to optimize retirement accounts, including the benefits of backdoor Roths and HSAs. Learn about the risks of non-governmental 457 plans and the art of managing taxable accounts. Roth conversions are explored for low-income years, while cash balance plans are demystified with practical advice. The balance between target-date funds and taxable accounts is also examined, alongside tips for saving when profit sharing is out of reach. Financial insights await!
Dec 1, 2025 • 26min
MtoM #251: Dermatologist Hits $750,000 Net Worth Before Finishing Residency and Finance 101: The Basics of Real Estate Investing
A dermatology resident shares how he built a remarkable $750,000 net worth before completing his training. He highlights his early hustle, from delivering papers at 12 to investing in a Roth IRA. The discussion emphasizes the importance of the time value of money and making strategic career choices. Later, the host dives into real estate investing basics, covering topics like diversification, short-term rentals, and essential principles for beginners. Valuable advice is shared on avoiding risks and ensuring sound investment strategies.
20 snips
Nov 27, 2025 • 52min
WCI #447: The Past and Future of WCI
Discover the fascinating journey of a financial education platform, from its humble beginnings to a thriving mission-driven company with 19 staff members. Explore the insights behind launching a modern website and the lessons learned from past financial missteps. Delve into changing perspectives on investments and financial advisors, the challenges of hosting events during a pandemic, and the nuanced views on whole life insurance. Gain a glimpse into future projects, ongoing struggles with burnout, and the passion that keeps a doctor still practicing.
Nov 24, 2025 • 25min
MtoM #250: Emergency Physician Wipes Out $500,000 of Student Loans in 3 Years and Finance 101: Public Service Loan Forgiveness (PSLF)
An emergency physician shares his inspiring journey of eliminating over $500,000 in student loans within three years, living frugally alongside his physical therapist partner. They discuss the strategies behind their aggressive repayment plan, including additional shifts and smart financial choices. The couple also dives into the complexities of Public Service Loan Forgiveness, reflecting on the uncertainties and future goals like home renovations and mortgage payoff. Listeners gain valuable insights into navigating student debt and achieving financial freedom.
28 snips
Nov 20, 2025 • 1h 7min
WCI #446: Managing Taxes in Retirement with Sean Mullaney
In this discussion, Sean Mullaney, a CPA and author of 'Tax Planning to and Through Early Retirement', shares essential tax strategies for retirement. He explains the five phases of retirement planning, including when to consider Roth conversions and the importance of keeping taxable income low to optimize ACA credits. Sean also tackles topics like Social Security timing, managing RMDs, and the widow's tax trap. His advice encourages proactive planning to enhance financial outcomes while avoiding fear-based decisions.
Nov 17, 2025 • 26min
MtoM #249: Emergency Physician Becomes a Multimillionaire by Mid-Career and Finance 101: Real Estate Syndications
An emergency physician shares his journey to multimillionaire status through a simple, consistent financial strategy. He emphasizes a written financial plan, traditional investing, and avoiding risky assets like crypto. Passionate about travel and languages, he spends lavishly on experiences while being frugal elsewhere. The conversation also explores real estate syndications, detailing how they work, their risks, and the benefits of diversifying through real estate funds. It's a blend of practicality and wisdom around money management.
