

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

Feb 22, 2024 • 55min
WCI #355: Burnout in Women with Dr. Darria Long
Dr. Darria Long and Dr. Dahle discuss burnout among women, the impacts of social media on mental health, and strategies to combat burnout. They explore the 'do it all discrepancy' framework, sense of coherence in relation to burnout, and ways to achieve work-life balance. Practical tips on time management and prioritization are also shared.

Feb 19, 2024 • 21min
MtoM #158: Hospitalist Pays Off Student Loans in Just Over 2 Years and Finance 101: Emergency Funds
A hospitalist pays off $235,000 in student loans in just over 2 years after residency by living frugally like a resident. She plans to buy a new car with cash, save for a house, and prioritize retirement savings next. The podcast also discusses the importance of emergency funds and offers a course for financial education.

5 snips
Feb 15, 2024 • 34min
WCI #354: Mega Backdoor Roth Contributions with Minimal 1099 Income
In this podcast, they answer questions about 529s and taxes on rollover IRA contributions. They also discuss Mega Backdoor Roths and compare UTMA vs. parental brokerage savings for minors. The episode is sponsored by SoFi, helping medical professionals with loan refinancing and payment plans. They emphasize striving for high achievement, maximizing retirement savings, and promoting financial literacy.

Feb 12, 2024 • 25min
MtoM #157: Dual Income Couple Pays Off Mortgage Among Other Financial Milestones and Finance 101: Dividend Investing
This dual doc couple got a bit later start getting their finances in order. Once they realized that they had been practicing for around 10 years and they had not built the wealth they anticipated they made some changes and got to work! In only a few years they paid off their mortgage, became multi-millionaires, cash flowed new cars and saved enough to get their kids through college. Now they are saving lots of money and looking forward to cutting back at work. She shows us that you can make massive progress quickly if you buckle down and do it! After the interview we will talk about dividend investing. 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. 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://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

Feb 8, 2024 • 57min
WCI #353: Lesser Known Tax Strategies
In this podcast, Alexis Gallati of Cerebral Tax Advisors discusses controversial tax deductions such as land conservation easements, captive insurance companies, self rentals, employing your spouse or children, and cost segregation studies. The hosts emphasize the importance of caution and qualification when utilizing these deductions. They also touch on topics such as tax loss harvesting, setting low salaries for S Corps, and the role of whole life insurance as a tax mitigation strategy.

Feb 5, 2024 • 23min
MtoM #156: Family Doc Pays For a Dream Wedding With Cash and Finance 101: How to Wire Money
Today we are celebrating this family practice doc cash flowing his dream wedding! This super saver had to get comfortable spending a pretty big chunk of change to bring his and his wife's dream to life. He learned that while saving for your future is crucial it is also important to learn how to spend well and enjoy your money. He worked hard and saved both for the wedding and for retirement at the same time. His next financial goals include paying off his student loans in the next few months and then saving enough to be retire optional by 50. After the interview Dr. Dahle will talk about how to wire money for finance 101. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to turn. We have a thriving community across all of our social channels - facebook, twitter, instagram, reddit and our WCI forum. We have been discussing solutions to your money problems since 2011. Join the conversation with thousands of other White Coat Investors. Follow WCI on your favorite social media platform for financial resources, tips and strategies. Just head to your platform of choice and search for the White Coat Investor. 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

Feb 1, 2024 • 58min
WCI #352: How to Reduce Capital Gains on Property Sales
Topics include reducing capital gains on property sales, buying a house during residency, shopping for a new car, buying into a practice, and tax tips. Different types of mortgages for doctors are discussed, including physician mortgages for young doctors and conventional mortgages for established doctors. The podcast also covers the tax implications of small businesses, the importance of contract review for investments, and the value of financial literacy and discipline.

Jan 29, 2024 • 23min
MtoM #155: Pediatric Dentist Gets Back to Broke and More and Finance 101: Ways to Earn More Money as a Doc
This pediatric dentist has gotten back to broke and a little beyond. In only a few years out of training her net worth has had nearly a half a million dollar swing. She began her financial literacy journey in college and by the time she completed training she was well versed in how to save and invest and grow her finances. She is also a lovely example of an immigrant family working together and working hard to give new opportunities to the younger generation. Stick around after the interview to learn more about how to increase your income as a doc. If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful, actionable information NOT AVAILABLE on the regular blog posts. It's almost like being in a secret club - the kind of club that can boost your knowledge and enhance your wealth at the same time - with no strings attached. Sign up today at https://whitecoatinvestor.com/newsletter 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

Jan 25, 2024 • 50min
WCI #351: Physician Side Gigs
Dr. Daniel Smith, a non-surgical sports medicine physician, shares insights on starting and operating an IV infusion clinic. He delves into regulatory hurdles and business logistics. Dr. Gretchen Green, a radiologist, discusses her transition to an expert witness business and teaching others, highlighting lucrative opportunities in real estate investing. Lastly, Dr. Rikki Racela, a neurologist and columnist, reveals how he earns significant income from medical surveys and interviews, emphasizing the flexibility of side gigs for work-life balance.

Jan 22, 2024 • 28min
MtoM #154: Psychiatrist Pays Off $460,000 in Student Loans and Finance 101: Rebalancing Your Portfolio
This Psychiatrist paid off a whopping $460,000 in only 2 1/2 years! How did he do it? He picked up an extra job and worked as much as possible to bring in as much money as he could and ended up putting nearly $25,000 per month towards the debt! He made a handful of mistakes including over spending and stock picking before he learned that there was a better way! His financial awakening happened when a friend introduced him to the White Coat Investor Podcast. He shared that it is easy to make mistakes and it is okay to make mistakes. But consistency is key and even with some mistakes you too can do this! Stick around after the interview to learn about rebalancing your portfolio. If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been given the tools to succeed. Enroll in WCI Financial Boot Camp, a FREE educational email series, and learn to convert your high income to wealth. You will learn the basics of investing, saving, insurance, and more. Your high income alone will not lead to financial success, but as always, we want to help you on your financial journey. Go to https://whitecoatinvestor.com/financialbootcamp to sign up today! 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


