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White Coat Investor Podcast

Latest episodes

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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. Learn why physicians have invested over $260M with DLP Capital, a familiar name within the WCI community as a long-time member of our investment opportunities list. If you want to invest with a high-growth IMPACT investor who believes in doing well while doing good, we encourage you to check out DLP Capital and its real estate-backed investment funds. DLP Capital aims to build wealth and prosperity for all of its members, investors, clients, and partners—plus, their funds have historically had zero losses. Find out more at https://www.whitecoatinvestor.com/dlp. They're a must-consider if you're thinking about diving into the world of investment housing. 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 
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Jun 6, 2024 • 48min

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.
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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.
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May 30, 2024 • 49min

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.
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May 27, 2024 • 21min

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.
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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.
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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. At PKA Insurance Group Inc – Pradeep Audho, and Matthew Pedersen are independent brokers focusing on Disability and Life insurance. They excel in securing coverage for physicians, including those on visas like J1, H1B, etc. Protecting your family in the event of a disability or death is important. There is now an A+ rated carrier offering up to $10Million of Life insurance without labs. If you are very healthy with limited or no medical issues, approval is likely in 5 minutes. Reach out to PKA Insurance to discuss your Disability or Life insurance needs at https://www.whitecoatinvestor.com/pka 1-800-258-1018 - OR – emailing info@pkainsurance.com  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 
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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.
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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.
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May 9, 2024 • 43min

WCI #366: Tax Questions

Dr. Dahle tackles tax questions in this episode, covering FICA taxes, IRA contributions, working in two states, and maximizing tax efficiency. Learn about managing tax penalties, retirement account strategies, and SoFi's sponsorship for investment property advice. Join the community for financial empowerment.

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