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
4 snips
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!
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!
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!
15 snips
Aug 29, 2024 • 1h 1min
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.
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.
8 snips
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.
Aug 19, 2024 • 22min
MtoM #184: Orthopedist Hits $3 Million and Finance 101: You Don't Have to Invest in Everything
An accomplished orthopedist who amassed $3 million just three years after training shares his inspirational journey. He and his wife tackled student loans, saved aggressively, and aligned their finances for a balanced life. They emphasize financial literacy and intentional choices that led to success. The conversation extends to the importance of a clear investment strategy, cautioning against FOMO, and exploring how commercial real estate can offer diversified opportunities without needing to invest in everything.
16 snips
Aug 15, 2024 • 1h 20min
WCI #380: Michael Kitces on the State of Financial Planning
Michael Kitces, a CFP and creator of the popular blog Nerds Eye View, shares his deep insights into the financial planning industry. He discusses how to find trustworthy advisors and explores the gender gap in the profession, revealing why only 23% of CFPs are women. Kitces emphasizes the importance of relationship dynamics in financial advising, suggesting therapy training for advisors. The conversation also touches on how consumer protection and coaching can enhance the advisory experience, making financial wellness accessible for everyone.
Aug 12, 2024 • 27min
MtoM #183: Emergency Physician Family Pays off $311,000 of Student Loans in 11 Months and Finance 101: The Best Paying Hobby Out There
An emergency physician shares how he and his family paid off an astounding $311,000 in student loans in under a year! By taking extra shifts and living like residents, they tackled their debt head-on. He passionately credits his wife's sacrifices for their success. The conversation also dives into the best paying hobby out there, revealing insights on financial independence for healthcare professionals. Discover how strategic planning and dedication can lead to a brighter financial future!
Aug 8, 2024 • 42min
WCI #379: Contributing to Your Non Dependent Adult Child's HSA
Discover the latest leadership changes at Vanguard and what they mean for investors. Explore the benefits of donating appreciated securities and real estate to charity. Learn strategic tips for contributing to your non-dependent adult child's Health Savings Account. Plus, hear personal stories about outdoor summer adventures and the joy of celebrating life's milestones over financial savings. This mix of financial wisdom and relatable anecdotes adds up to a captivating listen!
