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
Jan 8, 2026 • 57min
WCI #453: Common Real Estate Questions from High-Income Professionals
Eric Goodman, managing partner of Goodman Capital, joins the discussion on real estate debt investing. He shares insights on why private real estate debt can offer lower risk and steady returns. The conversation explores the intricacies of Real Estate Professional Status, including how short-term rentals fit into tax benefits. James Dahle and Goodman also dissect the pros and cons of REITs versus direct investments, and whether real estate is a must-have in your portfolio for financial independence.
Jan 5, 2026 • 27min
MtoM #256: Internist Pays Off $300,000 of Student Loans in 7 Years and Financial Boot Camp: High Deductible Health Plans vs PPO
Rose Ngishu, an internist and dedicated mother, shares her inspiring journey of paying off nearly $300,000 in student loans in just seven years. She discusses her non-traditional path to medicine, highlighting how her family's sacrifices shaped her career. Rose details her strategies for frugal living and balancing loan repayment with home buying and retirement savings. She also offers valuable mindset advice for fellow non-traditional students, emphasizing the importance of planning and emotional discipline in financial decisions.
Jan 1, 2026 • 1h 22min
WCI #452: The Case for Self-Employment with Dr. Tod Stillson
Dr. Tod Stillson, a rural family physician and founder of the Physician Entrepreneur Academy, passionately argues for the empowerment of self-employment in medicine. He discusses the benefits of independent contracting, including autonomy and job stacking opportunities. Tod highlights the importance of business literacy and corporation formation, while also examining trade-offs between higher pay and lost benefits. The conversation is lively, with a thoughtful counterpoint from James Dahle, making it a must-listen for anyone considering their employment options.
4 snips
Dec 29, 2025 • 23min
MtoM #255: PA Becomes a Millionaire and Finance 101: Backdoor Roth IRA Process
David Pedersen, a physician assistant and children’s book author, shares his inspiring journey to millionaire status while working in high-cost Hawaii. He discusses overcoming childhood financial hardships and navigating scholarships that funded his education. David reveals his debt-free living strategy and offers practical tips for affordability in pricey areas. Passionate about financial literacy, he emphasizes the importance of early and consistent investing. Plus, he shares insights about his upcoming children's book, 'Good Night, Alex'.
33 snips
Dec 25, 2025 • 59min
WCI #451: Roth IRAs and 529s
In this discussion, the Student Loan Expert shares insights on recent changes to federal student loan programs, including updates on repayment plans and Public Service Loan Forgiveness. Laura Clifford, a CPA and president of Fox & Company, dives into tailored tax planning strategies for high-income professionals. There’s also a thorough exploration of Roth IRA conversions, and the intricacies of managing 529 plans, including what happens when they are overfunded and effective usage strategies.
Dec 22, 2025 • 27min
MtoM #254: Hospitalist Becomes a Full-Time Entrepreneur and Finance 101: Tax Loss Harvesting
A hospitalist shares his leap into entrepreneurship, leaving behind partnership burnout to build a lucrative empire, including car washes and real estate. He reveals his impressive net worth and his strategic use of debt to achieve financial freedom. The conversation also covers tax loss harvesting, offering listeners insightful strategies for managing investments and mitigating taxes. There's a call to action for physicians to deepen their financial education and explore diverse wealth pathways.
46 snips
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.
