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
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.
Nov 13, 2025 • 29min
WCI #445: Buying Into a Practice, Building Wealth, and Planning Ahead
Discover the must-know details before buying into a practice, from financial structures to owner responsibilities. Rethink net worth and investment strategies, and hear insights on Warren Buffett's long-term investing philosophy. Uncover effective ways to manage an Air National Guard retirement paycheck and explore the essentials of Special Needs Trusts, including investment strategies and trustee duties. This informative discussion dives deep into financial planning and wealth-building tips tailored for medical professionals.
Nov 10, 2025 • 28min
MtoM #248: Veterinarian Is Able to Cut Back and Finance 101: Cash Balance Plans
A veterinarian shares his journey of building wealth, allowing him to reduce clinic hours and embrace family time, including coaching his kids' soccer team. He discusses early financial lessons and buying his first home at 20 as a pathway to real estate success. The impact of COVID on veterinary demand offered a fresh perspective on work-life balance. In financial tips, cash balance plans are highlighted for their tax benefits and high contribution limits, ideal for high-income professionals looking to maximize retirement savings.
33 snips
Nov 6, 2025 • 38min
WCI #444: Dividends, 457(b)s, Side Gigs, and 401(k) Wisdom
Dive into the pros and cons of automatic versus manual dividend reinvestment and find out how to manage pension and 457(b) risks wisely. Learn about the nuances of forming LLCs for side gigs, including asset protection and insurance needs. James also clears up major pitfalls with 1099 classifications that often trip up professionals. Plus, get some strategic insights into maximizing contributions with the mega backdoor Roth for 1099 earners—perfect for anyone navigating their financial journey!
Nov 3, 2025 • 25min
MtoM #247: Primary Care Doc Becomes Multimillionaire and Retires Her Husband and Finance 101: Financial Independence
A primary care physician shares her journey to multimillionaire status and how her husband's military retirement became possible through smart financial choices. They overcame early income struggles, eliminated debt, and built a substantial net worth while living in a high-cost area. The discussion highlights their commitment to saving and enjoying life experiences over material goods. Additionally, financial independence fundamentals are explored, emphasizing tracking spending and adjusting lifestyle goals post-FI.
18 snips
Oct 30, 2025 • 39min
WCI #443: From TSP to Solo 401(k): Real-Life Retirement Planning Questions Answered
Dive into the maze of retirement planning as the hosts tackle key questions for high-income professionals. Discover the pros and cons of Traditional versus Roth contributions and unravel the complexities of TSP and deferred compensation plans. Learn how to maximize your 401(k) match and navigate merging finances with a non-earning spouse's IRA. Plus, gain insights on making the most of a solo 401(k) and when refinancing student loans might be beneficial. It's a treasure trove of financial wisdom!
Oct 27, 2025 • 21min
MtoM #246: Neonatologist's Hobby Turns into Lucrative Side Gig and Alternative Investment and Finance 101: Alternative Investments
A neonatologist shares her journey from focusing solely on FIRE to investing in comic books, building a $500,000 collection while enjoying her passion. She explains how saving 30-40% of her income allowed her to turn a hobby into a lucrative financial venture. With six figures from buying and trading comics, she emphasizes the joy of spending mindfully. The discussion expands to alternative investments, advising on allocation strategies and the potential risks of speculative assets like comics and crypto.
