
White Coat Investor Podcast
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/
Latest episodes

23 snips
Jun 13, 2024 • 40min
WCI #371: Which Accounts Will Make Your Kids Rich?
Topics discussed include maximizing benefits of Health Savings Accounts (HSAs), transferring wealth to children with Custodial Roth IRAs or solo 401(k)s, maximizing retirement contributions, exploring alternative investment options for kids, mimicking stock market index fund returns, and understanding retirement account options for self-employed individuals.

Jun 10, 2024 • 21min
MtoM #174: VA Physician Pays Off Student Loans and Becomes a Millionaire in 5 Years and Finance 101: False Diversification
This VA emergency doc has paid off $370,000 in student loans in only 5 years! Not only that but he and his wife are already millionaires. He said it is impossible to overstate how good it feels to have paid off those student loans. They have also put a huge percentage of their income towards building wealth. They are currently completely debt free and cruising towards financial independence. After the interview we will be talking about what false diversification means for Finance 101. I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help. 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

Jun 6, 2024 • 49min
WCI #370: Communicating with Your Spouse About Finances When You Don't See Eye to Eye
Discussing how to communicate with your spouse about finances, including Roth IRAs and conversions. Tips on aligning goals, backdoor Roth IRAs, disability insurance, and retirement planning strategies for high earners. Sponsored by SoFi, offering financial services for medical professionals.

Jun 3, 2024 • 20min
MtoM #173: Hospitalist Pays Off Student Loans in 2 Years and Finance 101: Buying a House as a Resident
A hospitalist paid off $155,000 in student loans in just 2 years while balancing wealth-building and enjoying life. The podcast also covers topics like buying a house as a resident and the importance of disability and life insurance for physicians.

May 30, 2024 • 50min
WCI #369: Mortgages, Universal Life Insurance and Annuities
Topics include mortgage advice, universal life insurance policies, annuities, managing student loans, real estate investments, locum tenens as a career solution, and financial literacy courses for healthcare professionals.

May 27, 2024 • 20min
MtoM #172: Family Doc Gets $500,000 Into Retirement and Finance 101: When You are Most Likely to Retire and Why
Family doc shares how he saved $500,000 while enjoying life. Discussion on key moments pushing towards retirement. MLG Capital's private real estate investments offer substantial returns. Importance of maxing out retirement accounts and strategic career decisions highlighted.

May 23, 2024 • 1h 7min
WCI #368: DOs vs. MDs - Which is the Best Degree?
Dr. Ian Storch, a Gastroenterologist, discusses the differences between MDs and DOs in education, job opportunities, and practical hands-on work. They explore the history of Osteopathy and its impact on osteopathic education. The podcast also covers tips on deciding between MD and DO routes, transitioning from DO match to Combined Match System, and preventing burnout through diverse interests.

May 20, 2024 • 22min
MtoM #171: Medical Student Creates a Budget and Finance 101: Donor Advised Funds
Today we interview an MS1 who is celebrating making a budget for the first time. He said he wants to inspire others to do whatever they can to mitigate the financial burden of medical school. He shared that simply by having a budget he is actually spending less because he is more aware of where all of his money is going. We know that the earlier you get started becoming financially literate the better off you will be and this student is well on his way! After the interview we are talking about donor advised funds for Finance 101. Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant debt in an ever changing political climate? The experts at StudentLoanAdvice.com are here to help guide you through the best options to manage your loans – our experienced staff have consulted on over $250M in student loan debt, and the average studentloanadvice.com client has saved over $190,000 dollars. You will receive a customized student loan plan using the principles of The White Coat Investor, get answers to all of your student loan questions, gain clarity about your financial future and start down the right path toward financial freedom. Book a consult today at https://www.studentloanadvice.com. You can do this and The White Coat Investor can help. 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

May 16, 2024 • 42min
WCI #367: The Importance of Asset Allocation
Learn about the importance of asset allocation in your investment plan, adjusting it for long vs short term goals. Explore a philosophical discussion on economic growth, handling risk, and the benefits of diversified portfolios. Discover insights on optimizing returns through low-cost investing strategies and the advantages of integrating bonds with stocks for a balanced approach.

May 13, 2024 • 21min
MtoM #170: Orthopedic Surgeon Completes His Military Commitment as a Millionaire and Finance 101: Itemizing Deductions
An orthopedic surgeon who completed his military commitment shares his journey to becoming a millionaire. Topics covered include wealth building strategies, military pay, retirement planning, and transitioning to civilian life. The podcast also discusses finance 101, focusing on itemizing deductions for tax benefits.