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
5 snips
Oct 24, 2024 • 1h 5min
WCI #390: WCICON24 Columnist Panel Discussion
In this engaging discussion, Margaret Curtis, a pediatrician, talks about financial strategies for dual-physician households. Josh Katzlis, a financial content director, emphasizes the importance of financial literacy for young medical professionals. Julie Alonso Katzwitz shares insights on mental wellness and navigating financial challenges, while Anthony Ellis discusses transitioning to retirement. Tyler Scott highlights career shifts for dentists, underscoring the role of technology in personal finance management. They explore diverse perspectives, investment strategies, and the necessity of seeking counseling for emotional well-being.
Oct 21, 2024 • 31min
MtoM #193: Social Worker Becomes a Millionaire and Finance 101: Health Insurance in Early Retirement
Cindy, a former social worker and the first employee at White Coat Investor, shares her inspiring journey from managing student debt to becoming a millionaire. She discusses the shock of rising tax bills with increased income and her strategies for effective yet boring investing. Cindy also reflects on budgeting lessons learned while raising two teenage boys and explores the complexities of health insurance for early retirees, offering insights into coverage options and proactive financial management.
7 snips
Oct 17, 2024 • 26min
WCI #389: Estate Planning, Navigating Your First Attending Job and 529s
A guest host delves into the intricacies of estate planning, highlighting a widow's challenges with trust decisions for her dependent son. The conversation shifts to cost segregation studies, revealing tax benefits for rental property owners and the importance of CPA consultations. New physicians receive guidance on transitioning to attending positions, focusing on job location and salary negotiation strategies. Finally, the discussion covers 529 plans, their qualified expenses, and new rollover options to Roth IRAs, emphasizing the need for thorough documentation.
Oct 14, 2024 • 27min
MtoM #192: Hospitalist Pays Off $380,000 of Student Loans and Finance 101: Target Date Funds
An anonymous hospitalist shares her remarkable journey of repaying $380,000 in student loans within just three years. She discusses her strict financial plan, frugal lifestyle choices, and the payoff of continuing payments during the student loan freeze. Her insights emphasize determination and commitment in managing debt. The conversation also covers the fundamentals of Target Date Funds, highlighting their benefits, cost-effectiveness, and roles in long-term investment strategies for building wealth.
16 snips
Oct 10, 2024 • 1h 9min
WCI #388: The Only Investment Guide You'll Ever Need With Andrew Tobias
In this engaging discussion, Andrew Tobias, author of the best-selling financial guide, shares his wealth of knowledge on navigating modern investments and avoiding common pitfalls, especially for high-income professionals. He highlights changing financial trends, including cryptocurrencies and meme stocks, while advocating for long-term strategies like index funds. Tobias also tackles the challenges of inflation and political polarization, humorously reflecting on his creative campaign against smoking. His insights encourage mindful consumption and sustainable financial growth.
Oct 7, 2024 • 33min
MtoM #191: Cash Flowing a Medical and Doctorate Degree and Finance 101: High Yield Savings Accounts
An inspiring couple shares their journey of cash flowing through medical and doctoral degrees without incurring debt. They accomplished this through creative strategies like dog breeding and living rent-free while focusing on teamwork and support. With a net worth of $1 million right out of training, they emphasize financial independence. The discussion also spans high-yield savings accounts, exploring how they outshine traditional options and offering tips on squirrel funds for managing future expenses.
15 snips
Oct 3, 2024 • 52min
WCI #387: Common Sense Investing With Rick Van Ness
Rick Van Ness, a prominent Boglehead and financial literacy advocate, shares his insights on common sense investing. He discusses his ten principles for investing wisely and emphasizes the value of bonds in today's market. Transforming financial understanding into actionable plans is a key theme, particularly recognizing personal values. The conversation also touches on the importance of debt management, saving early, and navigating the complexities of retirement accounts, providing listeners with practical tools to achieve financial wellness.
Sep 30, 2024 • 25min
MtoM #190: Pediatric Dentist Hits Net Worth of $6 Million and Finance 101: Expense Ratios
In this insightful discussion, a pediatric dentist shares how he achieved an impressive net worth of $6 million just over a decade after training. He emphasizes the importance of specialization and maintaining a frugal lifestyle while gradually learning to enjoy spending. The conversation also covers his diverse investments and shifts in mindset influenced by the book 'Die with Zero.' Listeners can also learn about the significance of expense ratios in investment decisions, ensuring they navigate their financial journeys with confidence.
10 snips
Sep 26, 2024 • 1h 6min
WCI #386: Changing the Narrative of Women and Money
SC Gutierrez, a financial advocate and longtime friend of the show, discusses the underrepresentation of women in finance. She emphasizes the role of upbringing in shaping financial confidence, and the importance of intentionality in financial discussions. The conversation highlights strategies for better communication in partnerships and the benefits of women engaging actively in their financial futures. SC also tackles stereotypes in investing, illustrating how a collaborative approach can lead to better financial outcomes.
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!
