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
9 snips
Jun 2, 2025 • 23min
MtoM #225: Couple Leverages a Dental Practice to Reach Financial Independence in 9 Years and Finance 101: FIRE
In this riveting discussion, an anonymous businessperson and his dentist spouse share their incredible journey to financial independence by strategically building a thriving dental practice. They reveal their disciplined approach to saving 80-90% of their income in just nine years. Topics include the challenges of student debt, the significance of strategic spending, and how their immigrant backgrounds shaped their work ethic. They emphasize the freedom that comes with achieving financial goals and explore the underlying principles of the FIRE movement.
9 snips
May 29, 2025 • 59min
WCI #421: Finding Joy in Your Work with Dr. Cory Fawcett
Dr. Cory Fawcett, a seasoned author and expert in physician finance, shares his insights on finding joy in work and combating burnout. He discusses the importance of personal habits over mere technical skills for financial success. Fawcett recounts his own transition from medicine to purpose-driven work, offering practical advice for rekindling passion in medical careers. He also emphasizes effective communication in navigating workplace challenges and provides strategies for managing difficult boss relationships, fostering a more fulfilling professional life.
May 26, 2025 • 21min
MtoM #224: CRNA Hits Half a Million Dollars and Finance 101: Investing Cash
Join a CRNA who shares her inspiring journey to achieving a remarkable net worth of half a million dollars through frugality and strategic savings. Discover how teamwork with a supportive partner has played a crucial role in her financial success. Learn about the transition from student debt to financial independence, emphasizing the power of education and planning. Later, dive into smart investment strategies for excess cash, including Treasury bonds and high-yield savings accounts, all aimed at maximizing returns while balancing liquidity.
9 snips
May 22, 2025 • 47min
WCI #420: Due Diligence on Real Estate Deals
Elaine Stoggerberg, a physician and the founder of Black Swan Real Estate, shares her insights on the importance of due diligence in real estate investments. She delves into evaluating deals, warning against chasing high returns without careful research. The conversation covers financial tools like all-in loans and highlights significant developments in Rochester, Minnesota. Elaine also discusses the pros and cons of private versus public real estate investments, emphasizing the need for aligned interests in private equity.
May 19, 2025 • 27min
MtoM #223: ER Doc Gets His Finances in Order and Finance 101: Donor Advised Funds
Chris Reiba, an emergency medicine physician at the University of Utah, shares his enlightening journey to financial stability. He reveals how hiring a trustworthy financial advisor transformed his understanding of wealth-building. Chris discusses the newfound simplicity in growing wealth with proper education and his goal of becoming work optional by 50. The conversation also covers the ins and outs of Donor Advised Funds, exploring their tax benefits and value for charitable giving. A valuable discussion for any medical professional seeking financial clarity!
8 snips
May 15, 2025 • 53min
WCI #419: Getting to Know Jim: His Past, Present, and Future Relationship with Money
In a revealing conversation, Dr. Dahle shares his personal financial journey, reflecting on his upbringing and how it shaped his views on money. He discusses the balance between financial success and personal values, emphasizing the importance of teaching financial literacy to children. The chat touches on the emotional ties people have with money and the lessons learned from life's challenges, including perseverance from his hockey days. Listeners get a glimpse of humor from ER stories, blending the seriousness of finance with the joy of service.
May 12, 2025 • 22min
MtoM #222: Engineer and Medical Student Hit Half Million Dollar Net Worth and Finance 101: Different Ways to Pay for Medical School
An engineer and her medical student husband share how they achieved a half-million dollar net worth through smart financial planning and joint goals. They emphasize the importance of early investing and parental support in their financial journey. The discussion expands to various funding options for medical school, including military contracts and MD-PhD programs. They also explore the balance of parenting and medical careers, discussing financial strategies tailored for dual-career families, all while highlighting resources for locum tenens opportunities.
6 snips
May 8, 2025 • 48min
WCI #418: Get Your Tax Bill Down
Delve into smart tax strategies just in time for tax season! Discover tips on tax loss harvesting and the ins and outs of 529 plans. Learn about the gift tax rules that might surprise you and understand the benefits of increased tax withholdings for retirees. Explore effective college funding strategies and how to optimize retirement savings with various accounts. Lastly, gain insights into managing 529 ownership changes and the best practices for financial education tailored for medical professionals.
May 5, 2025 • 25min
MtoM #221: Pharmacist Builds a Real Estate Empire and Punches Out in 10 Years and Finance 101: 529s
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.
7 snips
May 1, 2025 • 1h 34min
WCI #417: Get Rich Fast as a Millionaire with Roth Conversions
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!
