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
17 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.
40 snips
Oct 23, 2025 • 55min
WCI #442: Questions About Taxes
Discover insightful tips on teaching kids about taxes and guiding their Roth IRA contributions. Learn strategies to mitigate capital gains taxes when selling stocks, including gifting and charitable donations. Explore the tax implications of choosing between an LLC and a Sole Proprietorship for your business. Plus, delve into simplifying your investment portfolio from many direct-index stocks to more manageable index funds. Get ready for practical financial advice and actionable strategies!
Oct 20, 2025 • 25min
MtoM #245: Physician Aids Her Parents in Buying a Car with Cash for the First Time and Finance 101: Helping Your Parents with Their Finances
A physician shares her journey of helping her parents buy a car with cash for the first time, revealing their struggles with financial literacy. She discusses the steps she took to educate them on money management, emphasizing the importance of independence. The conversation also covers balancing support for aging parents while pursuing personal financial goals. Practical tips are offered for managing parents' investments and avoiding common pitfalls, making it a vital listen for anyone navigating family finances.
11 snips
Oct 16, 2025 • 50min
WCI #441: The 4% Rule and Saving for an Early Retirement
Nathan Kleberg, Senior Vice President of Business Development for MLG Capital, shares insights into the multifamily real estate market, discussing its unique dynamics amid recent economic shifts. He also elaborates on fund structures and the pros and cons of different investment options. The conversation dives into strategies for saving for early retirement, including the practicalities of the 4% rule and capital preservation approaches for those looking to work less. Practical advice on handling inheritances and navigating financial politics is also explored.
Oct 13, 2025 • 23min
MtoM #244: A One-Doctor Couple Pays Off Student Loans in 6 Months and Finance 101: Understanding Health Insurance
Tune in to a journey of financial triumph as a doctor couple pays off a staggering $205,000 in just six months! Their secret? Taking advantage of the COVID payment pause and a solid repayment strategy. They also explore the emotional rollercoaster of making hefty payments while living modestly. Plus, get a crash course in health insurance basics, from deductibles to co-insurance, ensuring you’re financially protected against catastrophic events. This episode is packed with insights to inspire your financial journey!
31 snips
Oct 9, 2025 • 56min
WCI #440: Building a Balanced Portfolio with Asset Location and Allocation
Discover the essentials of building a balanced portfolio, focusing on asset location and allocation. Explore when to use TIPS and the implications of a 100% stock portfolio. Get practical tips on buying ETFs, including order types. Delve into the risks of investing in films and private deals, emphasizing the importance of due diligence. Wrap up with valuable investing principles that encourage simplicity and strategic planning.
4 snips
Oct 6, 2025 • 29min
MtoM #243: Locums Psychiatrist Crushes Student Loans in 4 Years and Finance 101: How Dental Insurance Works
Discover how a locum child and adolescent psychiatrist tackled $400,000 in student loans in just four years. He shares his refinancing journey and reveals his saving strategies while enjoying the flexibility of locum work. With big payments and strategic savings, he not only eliminated debt but also accumulated over half a million dollars and bought a new car with cash. Plus, learn the ins and outs of dental insurance, from coverage limits to how it often resembles pre-paid care rather than true insurance.
