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
Jan 16, 2025 • 1h 6min
WCI #402: Mega Backdoor Roth, Student Loans, and Expert Witness Work
In this engaging discussion, Dr. Gretchen Green, an expert in helping healthcare professionals expand their income through expert witness work, shares her insights. She highlights the financial benefits of side gigs and reinforces how existing skills can be leveraged. The conversation also dives into Mega Backdoor Roth strategies, navigating student loans, and the evolving landscape of Public Service Loan Forgiveness. Listeners gain practical advice for maximizing their financial potential while balancing clinical practices.
5 snips
Jan 13, 2025 • 22min
MtoM #205: Emergency Doc Gets Back to Broke in One Year and Finance 101: Rollovers
An ER doctor shares his experience of going from broke to thriving in just a year. He strategically locked in a low interest rate on his student loans, choosing to invest instead. With a focus on building wealth, he plans to eradicate his debt in just four more years. The discussion also covers the ins and outs of financial rollovers, highlighting essential strategies for setting up emergency funds and managing retirement plans. Plus, insights on contract negotiations for physicians provide valuable support for navigating early career challenges.
6 snips
Jan 9, 2025 • 35min
WCI #401: Risk vs Reward - How to Find the Balance
In this engaging discussion, hospice physician Jordan Grumet, a keynote speaker and advocate for meaningful living, shares insights on finding balance in life. He emphasizes understanding our risk tolerance not just in finance but also in personal fulfillment. The conversation navigates the tension between saving for the future and enjoying the present, and how true wealth is defined by relationships and experiences rather than financial success. Grumet inspires listeners to confront their fears, prioritize happiness, and explore their personal purposes.
7 snips
Jan 6, 2025 • 27min
MtoM #204: Two Doc Couple Beats the Seven Year Itch and Becomes Multi Millionaires and Finance 101: Your Finances at the Beginning of the Year
A dynamic couple celebrates eight years of marriage while sharing their financial success story. They emphasize the importance of financial education and disciplined saving, managing to pay cash for their home by their mid-30s. The discussion explores the balance between careers, parenting, and wealth-building. Listeners receive valuable advice on personalized investment strategies for the new year, including tax-advantaged accounts. The couple’s journey showcases how teamwork in both love and finances can lead to extraordinary achievements.
Jan 2, 2025 • 32min
WCI #400: Contribution Limits, Estate Planning, and Emergency Funds
Explore the nuances of estate planning, including the ins and outs of Grantor Retained Annuity Trusts. Discover contribution limits for multiple 401(k)s and how to handle a property gift with potential tax implications. Learn practical steps for building a robust emergency fund, tailored for new attending physicians. Dive into the complexities of anesthesia reimbursement and the real factors affecting healthcare costs. Finally, grasp the importance of proactive tax strategies for financial success.
10 snips
Dec 30, 2024 • 24min
MtoM #203: Intern Saves Up an Emergency Fund and Finance 101: Year End Calculations
An inspiring intern shares how he built an emergency fund just four months into residency, emphasizing the power of small financial milestones. The discussion covers the journey to financial literacy post-medical school, highlighting the importance of setting goals and managing student loans. Listeners learn about budgeting essentials and the significance of short-term and long-term financial planning. Tips for saving and key year-end financial tasks are also explored, guiding future physicians on wealth accumulation and smart investment management.
10 snips
Dec 26, 2024 • 43min
WCI #399: 529s, UTMAs, and HSAs
Explore the fascinating world of education savings with insights on 529 plans, UTMAs, and HSAs. Discover the tax benefits of overfunding educational accounts and the nuances of tax gain harvesting. The discussion also dives into changing your defined benefit plan administrator if dissatisfaction arises. Plus, reflect on the balance between financial strategies and life enjoyment, as well as the importance of active financial management to avoid stagnation. Tune in for valuable advice on maximizing your financial literacy!
8 snips
Dec 23, 2024 • 26min
MtoM #202: Radiologist Gets PSLF and Finance 101: Charitable Giving
A radiologist shares her journey to achieving public service loan forgiveness while reflecting on her academic career and strategies for debt management. She saved diligently for potential bumps in her financial path, now considering transforming her PSLF fund into a future home down payment. Additionally, the discussion shifts to the realm of charitable giving, emphasizing intentional strategies that maximize tax benefits and the advantages of donor-advised funds. This episode is packed with insights on financial empowerment and philanthropic impact.
Dec 19, 2024 • 1h 10min
WCI #398: Doctors on Disability and Why You Need Disability Insurance
In a compelling discussion, Matt Wiggins, founder of DocInsure and expert on disability insurance for doctors, shares vital insights on why medical professionals must secure disability coverage. Listeners hear poignant stories from doctors facing unforeseen health challenges and the emotional toll of navigating insurance claims. Wiggins highlights misconceptions around group policies, emphasizing the importance of individual coverage. This conversation underscores the critical role of financial stability in demanding careers and the necessity of being prepared for life's unpredictable turns.
Dec 16, 2024 • 31min
MtoM #201: Financial Planner Becomes a Millionaire and Finance 101: Overfunded 529 Accounts
Hear the inspiring journey of a financial planner who transitioned from aspiring dentist to millionaire. He shares key insights on avoiding debt and making smart investment choices. Learn about the crucial management of overfunded 529 accounts, including strategies for reallocating excess funds. The discussion includes navigating financial literacy challenges faced by medical professionals and practical tips on saving for retirement and effective borrowing.
