White Coat Investor Podcast

A determined pharmacist turned real estate mogul achieved financial independence by building a thriving rental portfolio. Starting at 23, he cleverly navigated tenant selection and property management to earn $50,000 monthly. He emphasizes living frugally despite his success and shares how pharmacy funded his journey. Additionally, listeners gain insights into 529 college savings plans, exploring funding strategies and investment options to maximize savings for education. This blend of real-world success and financial wisdom offers invaluable knowledge for aspiring investors.

In this engaging discussion, Roth expert Chris Davin shares his deep knowledge on Roth conversions, making complex topics accessible. He dives into strategies for high-income professionals, including the mega backdoor Roth and the advantages of choosing Roth for independent contractors. Chris also emphasizes the significance of disability insurance in medical careers and explores the best financial planning practices for physicians. Get ready for valuable insights that can enhance your wealth-building journey!

A family physician celebrates impressive financial milestones, including exceeding $1 million in net worth and mastering student debt through Public Service Loan Forgiveness. The key to his success? A relentless pursuit of side gigs! The discussion also dives into long-term bonds, exploring their risks like interest rate fluctuations and inflation. Listeners gain insights into effective salary negotiation and learn the importance of financial literacy and proactive planning in building wealth.

Delve into the world of health savings accounts and flexible spending accounts, from handling contribution errors to managing reimbursements. Explore the intricacies of malpractice insurance, including the impacts of employment structures and crucial contract clauses. Learn how to calculate investment returns effectively with Excel. Discover strategies for healthcare financial planning, emphasizing long-term investments and the wisdom of stock ownership. This episode is packed with insights to help you navigate complex financial landscapes!

Today we hear from a Veterinarian who is back to broke only 10 months out of training. This vet lives in the midwest and really shows what geo arbitrage can do. He has a fantastic income and a very low cost of living and those two things make a huge impact on finances. He has paid off almost all of his student loans and has saved for a down payment at the same time. His frugality, smart decisions, and hard work has made all of this possible. Using those skills will ensure that he will be financially independent in no time. After the interview we will talk about mutual funds for finance 101. Full disclosure, this is a sponsored promotion for Locumstory.com. But the weird thing here is there’s nothing they’re trying to sell you. Locumstory.com is simply a free, unbiased educational resource about locum tenens – it’s not an agency. They simply exist to answer your questions about the how-to’s of locums on their website, podcast, webinars, videos, and they even have a locums 101 crash course. Learn about locums and get insights from real-life physicians, PAs and NPs at https://Locumstory.com. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

Dr. Matt Morgan, a radiologist and friend of Dr. Dahle, took a bold year-long sabbatical to embrace intentional living. He shares insights on prioritizing personal experiences over financial success, inspired by the book 'Die With Zero.' From enriching family travels through New Zealand and Europe to discussing challenges of balancing work and family time, Matt highlights how meaningful adventures fueled his growth. He also offers practical tips for those contemplating a similar life shift, emphasizing fulfillment beyond traditional career paths.

Listen to an inspiring story of a CRNA who became a millionaire in retirement savings after 18 years of hard work. She emphasizes the importance of self-advocacy for fair pay and spending aligned with personal values. The discussion also covers essential financial strategies, such as managing debt, effective budgeting, and smart investments. Plus, uncover valuable tax strategies to minimize liabilities and boost your net worth. This journey into financial empowerment is packed with practical advice for anyone aiming for financial freedom.

Explore the differences between Roth and Traditional IRAs and how they can benefit your kids. Learn about the essential considerations when switching your business 401(k) plan administrator. Get tips on what to do if you accidentally over-contribute to your 401(k). Discover financial wisdom from basketball players on managing high incomes and the importance of living within your means. Plus, delve into how kids can become entrepreneurs and the tax responsibilities that come with it.

An ophthalmologist shares his inspiring journey of overcoming financial mistakes, including parting ways with a costly advisor and dropping an overpriced policy. He emphasizes the importance of self-forgiveness and financial literacy in managing student loans and making informed financial choices. The conversation also delves into the significance of career longevity in healthcare, highlighting the need for balance between patient care, personal well-being, and sound financial planning for sustained success.

Dr. Rob Orman, an emergency medicine physician and coach, discusses vital strategies for navigating the challenges of burnout in the medical field. He highlights the transformative power of mindset and the importance of aligning personal values with career choices. Rob shares insights on the financial risks associated with burnout and provides guidance on effective financial planning for physicians. The conversation also touches upon the integration of side gigs into a medical career, emphasizing their potential to enhance both professional fulfillment and longevity.