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 9, 2026 • 40min
MtoM #300: From -$200K to $10M Net Worth in 8 Years
An anonymous family medicine doctor reveals a remarkable climb from $200,000 in debt to a $10 million net worth before age 40. The conversation covers locum tenens work, extreme savings, concentrated bets on tech, AI, and semiconductor stocks, and the risks of chasing momentum. It also explores diversification, investing basics, leverage, early retirement, and tax-smart charitable giving.
27 snips
Nov 5, 2026 • 44min
WCI #496: How to Retire Well: Saving Enough and Finding Purpose
Retirement planning goes beyond hitting a savings target. Topics include saving about 20% of gross income, choosing between retirement and taxable accounts, recovering from a late start, and building financial habits during residency. The discussion also explores tax-loss harvesting, why financially independent people may keep working, and how to find pleasure, purpose, and identity beyond a career.
18 snips
Nov 2, 2026 • 27min
MtoM #299: $1.4 Million Net Worth as a Pediatrician
Andrew Demo is a Midwest private-practice pediatrician who reached a $1.4 million net worth eight years after training. He and his wife share how they overcame costly financial advice, paid off more than $260,000 in student debt, and built wealth on physician and educator salaries. They discuss frugal cars, Midwest living, intentional spending, retirement accounts, and why their next million may come faster.
33 snips
Oct 29, 2026 • 53min
WCI #495: What Doctors Need to Know About Inheriting Money
A lively discussion explores healthcare costs, insurance middlemen, medical errors, electronic health records, and physician shortages. The conversation then turns to inheritance: an executor’s responsibilities, beneficiary designations, inherited IRA strategies, and why HSAs can be surprisingly awkward to pass on.
13 snips
Oct 26, 2026 • 33min
MtoM #298: $100K in Roth IRAs Before Finishing Residency
Dr. Nick Giusti, an orthopedic surgery resident and financial-literacy advocate, shares how he and his wife built $100,000 in Roth IRAs and a $150,000 net worth before residency ends, despite substantial student loans. They discuss frugal saving, retirement accounts, disability insurance, a residency FICA alternative, plans for attending income, and bringing practical financial education to fellow trainees.
45 snips
Oct 22, 2026 • 59min
WCI #494: Investing Lessons from 36 Years at Morningstar
John Rekenthaler, a former Morningstar research leader who spent 36 years shaping investment analysis, shares a candid tour of what he learned. They explore indexing’s revolution, the fundamentals of wealth accumulation, equities versus bonds, why TIPS look appealing, and the hidden risks of private investments. Rekenthaler also discusses retirement portfolio choices, Social Security timing, and finding purpose after leaving full-time work.
9 snips
Oct 19, 2026 • 25min
MtoM #297: $170K Net Worth as a Military Resident
A second-year military resident reaches a $170,000 net worth through dual income, military benefits, investing, and debt-free medical school. The conversation explores military versus civilian medicine, the commitment behind HPSP scholarships, automated saving and Roth investing, and building an investment glide path while pursuing financial independence.
52 snips
Oct 15, 2026 • 55min
WCI #493: Invest vs. Pay Off Debt: What to Do with Extra Cash
How should extra cash be divided between student loans, retirement investing, a home, and buying a practice? This discussion lays out a practical priority system for reserves, debt, spending, and major purchases. It also explores asset location, including where to place REITs, bonds, and stock funds across Roth, tax-deferred, and taxable accounts, plus strategies for expanding tax-protected space.
18 snips
Oct 12, 2026 • 34min
MtoM #296: From $600K to $2.4M per Year and $8M+ Net Worth
Justin Scherfee, an orthopedic surgeon, entrepreneur, author, and speaker, shares how he grew from feeling paycheck-to-paycheck on $600K-plus to earning $2.4 million annually and building an $8 million-plus net worth. He discusses practice optimization, healthcare businesses, real estate, lifestyle creep, estate planning, and combining multiple paths to financial independence.
55 snips
Oct 8, 2026 • 1h 1min
WCI #492: Who Profits from a Broken Healthcare System?
Dr. Jordan Grumet, a hospice physician, author, coach, and podcaster, explores who profits from America’s broken healthcare system. They discuss burnout, defensive medicine, private equity, insurers, pharmaceutical companies, and costly intermediaries. Grumet argues that doctors and patients have been divided by powerful third parties, and examines how collaboration, transparency, physician autonomy, and collective action could drive reform.
