White Coat Investor Podcast

Dec 11 2024 598 ep. 38 mins 5.9k
White Coat Investor Podcast artwork

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/

  Business  Health & Fitness
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WCI #397: Roth, Mega Backdoor Roth, Solo 401(k)s and IRAs

Dec 11 2024 49 mins  
Today we are answering your retirement account questions. We answer questions about the mega backdoor Roth, Roth conversions, solo 401(k)s, individual IRAs and what to do with an inherited IRA. 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 account

MtoM #200: Military Family Physician Takes the Fast Lane to Wealth and Finance 101: The Millionaire Fastlane

Dec 08 2024 29 mins  
This military family medicine doc has become a millionaire. He is doing all the right things to invest and build wealth, but his real focus is on real estate. He has a real entrepreneurial mindset and is a natural hustler. He is creating businesses, buying properties, investing in real estate deals and doing whatever it takes to build wealth quickly. He said his biggest hobby is hi

WCI #396: Financial Planning For Special Needs Kids with Dr. Bryan Jepson

Dec 04 2024 57 mins  
Today we are talking with practicing emergency physician and financial planner, Dr. Bryan Jepson. Dr. Jepson shares his journey from emergency medicine to opening a clinic to help children with autism before finding his way back to the ER and then into finance. In addition to being a physician and financial planner he is also a chartered special needs consultant. Dr. Jepson has two

MtoM #199: Nurse Practitioner Becomes a Millionaire by Doing Locums and Finance 101: Trading

Dec 01 2024 28 mins  
Today we are celebrating a Nurse Practitioner who has become a millionaire. A few years into her career she was feeling bored and wanted a change. So she made a change and started doing traveling locums. She loves working with different populations, the travel and the higher pay. She said she makes nearly double what she would at a permanent position. She has a love for travel and

WCI #395: Navigating the Nuances of Career, Family, and Money with Dr. Lisha Taylor

Nov 27 2024 69 mins  
Today we covering a range of topics with our friend Dr. Lisha Taylor. We discuss topics like what the arrival fallacy is and what to do about it and how you know when you have "enough". We debate if FIRE is the cure or the cause of burnout, then talk about some alternative ideas to the typical way inheritance is planned for and more! Today’s episode is brought to you by SoFi, hel

MtoM #198: Financially Recovering From a Divorce and Finance 101: The Importance of Both Spouses Working Towards Financial Goals Together

Nov 24 2024 27 mins  
Today we are talking with an anesthesiologist who went through an emotionally and financially tough divorce. He came on the podcast to encourage anyone going through a similar situation to hang in there and know it will be better on the other side. This doc had his financial awakening soon after his divorce when he realized he had to turn his finances around. He started working mor

WCI #394: Index Funds, Real Estate, and Buying Into Your Practice

Nov 20 2024 48 mins  
Today we start off with a dive into HSAs then answer a question about low cost index funds and how they actually work. We get into the weeds with a question about what happens when you take out a loan from your 401(k) to invest in real estate. We talk about what to consider and prioritize when buying into partnership then discuss some thoughts around managing your portfolio. We als

MtoM #197: Rehab Docs Pays Off Student Loans in 16 Months and Finance 101: Pessimism

Nov 17 2024 24 mins  
This rehab doc paid off $380,000 of student loans in only 16 months! He obviously worked like crazy over that time period to be able to accomplish that goal. He said he knew his value for freedom to choose what to do in the future would keep him motivated when he was starting to feel burnt out. Having the loans gone has given him that freedom and he feels like the work was worth it

WCI #393: Heroes of My Life, Part 2

Nov 13 2024 87 mins  
This is part two of Dr. Dahle's fall and rescue story. If you did not listen to last weeks episode yet, be sure to start there. We are picking the story back up as we continue to hear the impact of this experience on Dr. Dahle, his family, friends and coworkers. You will hear from all of the people who had a hand to play in his rescue, hospital stay and overall recovery. It is a he

MtoM #196: Surgeon Gets Back to Broke During Residency and Finance 101: The Basics of Real Estate Investing

Nov 10 2024 30 mins  
This general surgery resident is back to broke before he has even completed training. He became financially literate early in his training and got to work saving and investing and it has already paid off. He said he has had this success because he knows how to set goals and delay gratification. He shared the importance of creating good habits and mindset around money. After the int