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
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.
29 snips
Dec 12, 2024 • 50min
WCI #397: Roth, Mega Backdoor Roth, Solo 401(k)s and IRAs
This discussion dives into the nuances of retirement accounts, focusing on mega backdoor Roths and their importance for high earners. Listeners learn about managing traditional versus Roth IRAs, including how to approach conversions and inherited IRAs. The hosts also tackle personal reflections on financial independence, especially for those navigating single life. Networking and wellness take center stage in preparations for an upcoming conference aimed at enhancing financial literacy among medical professionals.
Dec 9, 2024 • 30min
MtoM #200: Military Family Physician Takes the Fast Lane to Wealth and Finance 101: The Millionaire Fastlane
A military family physician shares his remarkable journey to millionaire status by age 30, emphasizing the support of family and a strong entrepreneurial spirit. He dives into his real estate investments, detailing strategies like house hacking and leveraging partnerships for financial success. The discussion highlights the lucrative and flexible nature of locum tenens work, which allows healthcare professionals to maximize their income while enjoying more control over their careers. Ultimately, balancing work and family is key to fulfillment and wealth.
25 snips
Dec 5, 2024 • 57min
WCI #396: Financial Planning For Special Needs Kids with Dr. Bryan Jepson
In this discussion, Dr. Bryan Jepson, an emergency physician turned financial planner and special needs consultant, shares his journey and expertise in financial planning for families with special needs children. He emphasizes the complexities of navigating trusts and government benefits as children grow older while offering personal insights drawn from his experience as a parent of two children with autism. Dr. Jepson also highlights the importance of tailored financial strategies and community support in achieving stability and security for these families.
7 snips
Dec 2, 2024 • 29min
MtoM #199: Nurse Practitioner Becomes a Millionaire by Doing Locums and Finance 101: Trading
Sophia, a family nurse practitioner, achieved millionaire status by embracing locum tenens work, enjoying travel, flexibility, and earning nearly double her previous pay. She shares her journey of strategic investments, including stocks and real estate, which paved the way to financial independence. The discussion highlights the benefits of locum tenens for balancing career and lifestyle while also diving into the risks of day trading, emphasizing the importance of realistic investment strategies.
7 snips
Nov 28, 2024 • 1h 9min
WCI #395: Navigating the Nuances of Career, Family, and Money with Dr. Lisha Taylor
Dr. Lisha Taylor, a physician and host of The Wealth-Minded MD podcast, dives into the arrival fallacy, revealing that financial success doesn’t guarantee happiness. She explores the balance between career satisfaction, family, and economic well-being, especially for female physicians. The discussion includes innovative approaches to managing inheritance, maximizing retirement savings, and the importance of empowering women in medicine through financial coaching. Practical tips and personal stories make this a must-listen for anyone looking to navigate the complexities of career and money.
Nov 25, 2024 • 27min
MtoM #198: Financially Recovering From a Divorce and Finance 101: The Importance of Both Spouses Working Towards Financial Goals Together
A personal tale unfolds as an anesthesiologist shares his journey of financial recovery post-divorce. He emphasizes the power of perseverance and how he transformed his life from debt to financial success through hard work and side gigs. The discussion shifts to the importance of couples collaborating on financial goals, especially during tough times. Practical strategies are offered for navigating financial challenges after a divorce, highlighting the significance of proactive communication and support between partners.
