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White Coat Investor Podcast

Latest episodes

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Sep 23, 2024 • 29min

MtoM #189: Emergency Medicine Doc Hits $2 Million Net Worth and Finance 101: HSAs

An emergency medicine doctor who boasts a $2 million net worth shares his financial journey and strategies for success. He emphasizes the importance of aligning financial goals with one's spouse, advocating for geographic arbitrage and consistent saving. The discussion also highlights effective budgeting techniques and the advantages of Health Savings Accounts (HSAs) for building long-term wealth. Listeners can learn how to manage healthcare costs and the significance of early college fund contributions for their children. It's a practical guide to financial empowerment!
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Sep 19, 2024 • 1h 13min

WCI #385: Early Retirement Now With Big ERN

Dr. Karsten, creator of the Early Retirement Now blog and a former Federal Reserve economist, dives into the fascinating world of early retirement. He shares strategies for safe withdrawal rates and discusses the importance of tailored financial plans. Health insurance options for retirees, particularly the benefits of MediShare, are explored too. Additionally, he examines innovative investment strategies and the implications of market trends, emphasizing risk management and the future of stock returns. His insights are perfect for anyone considering the FIRE lifestyle.
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Sep 16, 2024 • 20min

MtoM #188: Doc Finishes Student Loans One Year Out of Training and Finance 101: Stock Indexes

An inspiring emergency doctor shares how he paid off over $455,000 in student loans within just one year after training. He discusses the power of focus and collaboration with his spouse to achieve financial freedom, along with strategic budgeting and prioritization. The conversation then shifts to stock indexes, highlighting how to navigate investments wisely, avoid common pitfalls, and the importance of informed choices. This doctor’s story is a motivating tale of determination and financial savvy.
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Sep 12, 2024 • 41min

WCI #384: Help Your Kids Build Wealth

Learn how to set your kids on the path to financial success through strategies like funding Roth IRAs and using HSAs for health expenses. Discover the advantages of employing your children in your business for tax benefits. Understand how to navigate savings accounts and the intricacies of retirement plan contributions. The conversation also touches on effective financial literacy practices to instill in the next generation. Plus, an inspiring message about recovery and community highlights the importance of support in the journey to financial wellness.
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Sep 9, 2024 • 23min

MtoM #187: Pediatrician Pays Off $330,000 in Student Loans in 7 Years and Finance 101: The Basics of Asset Protection

Join a pediatrician who impressively paid off $330,000 in student loans in just seven years. He shares his mental preparation and strategies for managing debt, including refinancing, making extra payments, and celebrating small milestones. The conversation also covers essential asset protection tips for medical professionals, including safeguarding against malpractice risks and understanding financial instruments like trusts and annuities. Discover how to achieve financial freedom and protect your hard-earned assets!
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Sep 5, 2024 • 53min

WCI #383: The Politics of Student Debt Forgiveness

In this engaging discussion, Dr. Dahle, a knowledgeable expert on student loan programs and financial advice, dives into the current state of governmental student loan repayment options. He tackles whether physician loans are wise, how to evaluate real estate deals, and the timing of mortgage payoffs. The podcast also addresses the complexities of nursing home insurance and the considerations for dropping disability policies. Plus, there's intriguing debate on whether leaving money to the government is a good idea. A must-listen for smart financial planning!
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Sep 2, 2024 • 24min

MtoM #186: Emergency Docs Get Back to Broke and Finance 101: Paying Off Your Mortgage

In this lively discussion, a dynamic duo of emergency doctors share their journey to financial stability while balancing their demanding careers. The female fellow and her partner, who is a year post-training, emphasize the value of family time over California's high cost of living. They reveal their secrets to success, like cheap hobbies and budget-friendly travel. Additionally, they discuss mortgage management strategies and the importance of open communication when creating a joint budget. Tune in to discover how they navigate the complexities of finance in healthcare!
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Aug 29, 2024 • 1h 2min

WCI #382: The Behavior Gap with Carl Richards

Carl Richards, a Certified Financial Planner and influential author, discusses the 'behavior gap' that leads investors to make poor decisions. He emphasizes the importance of aligning financial strategies with personal values and navigating emotions that affect investing. Richards also sheds light on the shortcomings of the financial advisory industry, advocating for genuine communication and trust between advisors and clients. Additionally, he draws parallels between managing risks in finance and in activities like mountain climbing, urging a focus on experiences over material wealth.
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Aug 26, 2024 • 24min

MtoM #185: Communications Pro Hits Quarter Million Dollars and Finance 101: Don't Time the Market

A young communications pro shares his incredible journey to a net worth of $250,000 just three years after college. He credits his success to early lessons on compounding interest and a mix of traditional investments, crypto, and even sports betting. The discussion reveals the power of aggressive saving and innovative investment strategies. They also stress the importance of not timing the market, advocating for a disciplined, long-term approach to investing, especially in today's volatile economy.
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Aug 22, 2024 • 46min

WCI #381: Retirement Accounts and Asset Protection

Explore the ins and outs of the Mega Backdoor Roth IRA and discover the potential implications of holding onto old 401(k)s for added asset protection. Dive into the cash vs. bonds debate, highlighting modern investment strategies that adapt to fluctuating interest rates. Learn about managing retirement accounts for freelancers and how to optimize your asset allocation. Plus, tips on navigating 403b complexities and essential financial planning for high-income professionals.

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