524 episodes

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/

White Coat Investor Podcast Dr. Jim Dahle of the White Coat Investor

    • Business
    • 4.8 • 2.3K Ratings

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/

    WCI #360: Student Loans and Filing Your Taxes

    WCI #360: Student Loans and Filing Your Taxes

    Today we had a handful of tricky student loan questions particularly in regards to taxes. It is always hard to answer questions with that level of specificity! Don't forget to visit studentloanadvice.com to get help with your student loans and repayment plan. Today we answer questions about filing taxes in med school, filing taxes when you are married on the PSLF track, filing taxes when you are on the SAVE plan and more!
    Healthcare is changing, and so are you. Your current career goals are probably different than they were five years ago, and you probably have questions about how to achieve them. Consider locum tenens as a solution. Locumstory.com has all the information you need to learn more about the benefits of locums and how it can work for you. On the Locumstory podcast you can find expert interviews with physicians who’ve worked locum tenens firsthand and share what their experience was like along with advice for others looking to do the same. Tune in to The Locumstory Podcast on Spotify, Apple, or Google podcasts.
    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 is for you!
    Main Website: https://www.whitecoatinvestor.com 
    YouTube: https://www.whitecoatinvestor.com/youtube 
    Student Loan Advice: https://studentloanadvice.com 
    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 

    • 47 min
    MtoM #163: 74 Year Old Woman Becomes A Millionaire and Finance 101: Choosing a 529 Plan

    MtoM #163: 74 Year Old Woman Becomes A Millionaire and Finance 101: Choosing a 529 Plan

    Today we are talking with an entrepreneur and author who became a millionaire in her 70s! She has a passion for inspiring others to live their fullest lives. She built a successful consulting business and her 11th book is about to come out. She talks to us about the importance of persistence and going after the what you are passionate about. We think you will find her message inspiring! After the interview we will be talking about choosing a 529 plan for Finance 101.
    Resolve is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads to unparalleled leverage during the physician contract negotiation process. A physician contract lawyer is included and can negotiate on your behalf – alleviating the stress that can go along with reviewing complex legal terms.  Flat-rate pricing and flexible schedules are designed for a physician’s schedules.  Use code WHITECOAT10 for 10% off!
    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 

    • 19 min
    WCI #359: Tax Deferred vs. Roth Contributions: A Deep Dive

    WCI #359: Tax Deferred vs. Roth Contributions: A Deep Dive

    Today Chris Davin, engineer and self taught master of all things Roth, joins Dr. Dahle on the podcast. For anyone who has ever wanted to get all the way into the Roth weeds, this episode is for you. We talk about Roth IRAs, the Backdoor Roth, the Mega backdoor Roth, Roth conversions, and what all of those things mean. We discuss how to determine if you should be doing pre or post tax contributions and why, and how your taxes and tax rate should be considered when deciding what kind of contribution to make. We start with a 101 level discussion before moving to a 201 level discussion and then diving into the graduate level tips and tricks.
    Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and hundred-dollar-a-month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi 
    * Loans originated by SoFi Bank, N.A., N-M-L-S 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.
    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 is for you!
    Main Website: https://www.whitecoatinvestor.com 
    YouTube: https://www.whitecoatinvestor.com/youtube 
    Student Loan Advice: https://studentloanadvice.com 
    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 

    • 1 hr 15 min
    MtoM #162: Ophthalmologist Acquires $50 Million and Finance 101: Estate Taxes

    MtoM #162: Ophthalmologist Acquires $50 Million and Finance 101: Estate Taxes

    This doc recently retired after a 40 year career that he loved with a nearly $50 million portfolio. He has been living and preaching the WCI methodology long before WCI existed. He tells us part of his secret to success is to choose where you live wisely and own your own business. He said owning his own surgery center made a massive difference to his happiness and his wealth because he got to control the way the practice was run, how efficient it was, who worked there etc. He is a testament of what can happen if you live below your means and invest wisely. He wants us all to remember to find joy in all stages of life and not just live for retirement. After the interview we will be talking about estate taxes for finance 101.
    No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was. Fire Your Financial Advisor also has a version eligible for CME credit. Get your financial life in order today. Go to https://www.whitecoatinvestor.com/courses to sign up. 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 

    • 29 min
    WCI #358: What to Do When You Don't Match, and Annual Survey Results

    WCI #358: What to Do When You Don't Match, and Annual Survey Results

    Today we are talking about what your options are if you do not match this week. It can be one of the hardest things to face and knowing what your options are and what steps to take next can help ease the difficultly just a bit. We also spend some time telling you about the results of our annual survey. The survey is a huge part of how we decide what changes to make here at WCI. Finally we tackle a few of your questions about annuities, if you should ever invest with a family friend and where to put some extra moonlighting money as a resident.
    Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and hundred-dollar-a-month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi 
    * Loans originated by SoFi Bank, N.A., N-M-L-S 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.
    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 is for you!
    Main Website: https://www.whitecoatinvestor.com 
    YouTube: https://www.whitecoatinvestor.com/youtube 
    Student Loan Advice: https://studentloanadvice.com 
    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 

    • 55 min
    MtoM #161: Nurse Becomes a Millionaire and Finance 101: How to Get Started

    MtoM #161: Nurse Becomes a Millionaire and Finance 101: How to Get Started

    Today we talk with a nurse who is currently in school to become a CRNA and is officially a millionaire. Roughly 10 years ago he and his wife took control of their finances. He said there was some tough conversations as they educated themselves about how to become financially literate and what their goals should be and how to reach them. But once they were on the same page they were able to start crushing their goals. Their big goal was to be millionaires by 40 and they got there a few years early. He is now passionate about giving back both financially and educating coworkers about how to get started with taking control of their financial life. After the interview Dr. Dahle gives his thoughts on how to get started for finance 101.
    We estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://whitecoatinvestor.com/financial-advisors.
    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 

    • 28 min

Customer Reviews

4.8 out of 5
2.3K Ratings

2.3K Ratings

Blimm_C ,

Empowering Physicians

The White Coat Investor podcast, hosted by Dr. Dahle, stands out as a beacon of financial education for physicians, offering invaluable insights that has been as influential to my life as my actual medical education. With effortlessly delivered content and a lineup of knowledgeable guest speakers, the podcasts are not only informative but remarkably easy to listen to and enjoyable on my commute. Since turning in as a fellow in 2019, I’ve witnessed a remarkable growth in our net worth, surpassing $2 million in less than 5 years, a feat I attribute to the wisdom gleaned from WCI. Despite having delved into Dr. Dahle’s books, blog posts, and earlier podcasts, the newly released material continues to provide fresh prospectives and actionable advice, making it an indispensable resource for physicians navigating the world of personal finance.

dicwm6 ,

Thank you

I am so grateful for all this podcast has taught me. I’ve been listening since I was in residency about 5 years ago and the impact WCI and Dr. Dahle have made on my personal and financial life has been profound. Thank you for all you have done for my family and I!

Gabrielthe2nd ,

Good podcast but too many MtoM segments

I have learned a tremendous amount from this podcast, especially that early episodes that focused on fundamental topics for financial literacy. Recently podcasts have focused more on the “milestones to millionaire segment, which I have not found as helpful and have stopped listening to.

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