Shows
White Coat Investor PodcastWCI #415: The Radiologist Next Door Takes a Year OffDr. Dahle's good friend, Dr. Matt Morgan, joins us on the podcast today. Dr. Morgan just completed a one year sabbatical that was all about living intentionally and creating the life he wants now, not after retirement. Matt talked about his desire to be able to say yes to the things he loves any time he wanted to. He and his family spent time at home as well as traveling to New Zealand and all over Europe. He is a great example of not necessarily needing to reach FIRE to travel and take time off and do what you...2025-04-171h 15
White Coat Investor PodcastWCI #405: TSP Fund, Indemnification Clauses, and Paying Off LoansWe start off answering questions from some military docs about the TSP fund now that it allows Roth conversions and contributions. We then talk about indemnification clauses. Dr. Dahle asked our friend Kyle Claussen from Resolve to come on and educate us and answer this question. Indemnification clauses can be problematic for docs and it is worth really understanding them. We wrap up by answering questions about debt pay off. The first is about what happens when you try to make an extra student loan payment, next we talk about the best way to pay off a practice loan...2025-02-0641 min
White Coat Investor PodcastWCI #392: Heroes of My Life, Part 1We are so excited to welcome Dr. Dahle back to the podcast after a few months off as he recovered from his mountain climbing accident. Back in August Dr. Dahle was climbing the north face of the Tetons with his long time climbing partner and friend. He had a serious fall and is very lucky to be on his way back to a full recovery. Today we are telling his story. 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 heartfelt story full...2024-11-071h 01
White Coat Investor PodcastMtoM #193: Social Worker Becomes a Millionaire and Finance 101: Health Insurance in Early RetirementToday we are talking with someone near and dear to us at the White Coat Investor. Cindy was the first employee at White Coat and has been working here helping Dr. Dahle make WCI what it is for over 10 years. Her background is in social work and she and her husband have been working to pay down student debt and build wealth. She shares her story of tax bill shock as their income grew, boring but effective investing, and their excitement around getting rid of student loans. After the interview we are talking about health insurance in early retirement.2024-10-2130 min
White Coat Investor PodcastWCI #376: Trusts, Direct Indexing and High Yield Savings AccountsWe are tackling your questions again today. First we answer a few questions about trusts. We cover topics like revocable trusts and probate. We talk about direct indexing and what exactly that means and if it is worth doing. We discuss high yield savings accounts and CDs and bonds. We close out the episode with Dr. Dahle sharing how his views and ventures in real estate have changed over the years. 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% AP...2024-07-1848 min
White Coat Investor PodcastMtoM #179: Internist Receives PSLF and Finance 101: Money and Med SchoolThis internal medicine doc just received PSLF and had almost $300,000 of loans forgiven! He said he was very intentional about looking for a 501(c)(3) institution when choosing a job. He feels so much freedom now that his loans are gone. After the interview we will talk about money and med school for Finance 101. This podcast is sponsored by Bob Bhayani at drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in...2024-07-1530 min
White Coat Investor PodcastMtoM #178: Pilot Pays Off Flight School Loans and Finance 101: Dumb Things You Hear About Buying HomesToday we have a second time guest joining us to celebrate paying off his flight school loans. This pilot has made so much progress since he was first on the podcast two years ago when he got back to broke. He has saved and invested and lived frugally and now is totally debt free and also has a net worth of $275,000. Stick around after the episode for a discussion on dumb things you hear about buying homes for Finance 101. Origin Investments is a private real estate manager specializing in multifamily investments, managing over $3.5 billion in transactions since 2007...2024-07-0821 min
White Coat Investor PodcastMtoM #177: ER Doc Becomes a Millionaire 5 Years Out and Finance 101: Financial AdvisorsToday we are chatting with an ER Doc who has reached millionaire status! He comes from an immigrant family and learned young the importance of hard work, education and building the life you want. He started paying off his student loans during residency and hit the ground running building wealth directly out of training. After the interview we will be talking about financial advisors for Finance 101. This podcast is sponsored by Bob Bhayani at https://drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time...2024-07-0122 min
White Coat Investor PodcastWCI #373: Getting Paid FairlyToday on the podcast we are talking with Kyle Claussen from Resolve. He chats with Dr. Dahle about the importance of really advocating for yourself and your pay when starting a new job and signing a new contract. It is critical to negotiate until you feel confident and happy with any contract you sign. Many doctors are not paid what they are worth because they do not advocate for themselves. They discuss how helpful it can be to hire a professional to navigate that process. They also discuss non compete contracts and what the future might hold when those...2024-06-2748 min
White Coat Investor PodcastWCI #369: Mortgages, Universal Life Insurance and AnnuitiesToday we answer several of your mortgage questions including if you should put all the money you can toward your down payment or use some of it to pay off student loans and what kind of mortgage you should get. We discuss a unique situation around a universal life policy and once again answer that for the vast majority of docs no annuity in any of its sneaky forms is a worthy purchase, and finally answer a question about if paying off your student loans slowly actually improves your credit score. We also have a short interview with Jim...2024-05-3049 min
White Coat Investor PodcastMtoM #168: Anesthesiologist Becomes a Millionaire and Finance 101: White Coat Investor Philosophy - 12 Financial Principles for DoctorsThis anesthesiologist has become a millionaire only 3 1/2 years out of training. She has a high income and is saving a massive portion of it. Not only is she building wealth for herself but she also sends money home to help take care of her mother and grandmother. She teaches us about the impact of negotiating hard for yourself when it comes time to sign an employment contract. After the episode we will be talking about WCI's 12 financial principles for doctors for Finance 101. Love what you hear on the podcast? Looking for more great White Coat Investor content...2024-04-2930 min
White Coat Investor PodcastWCI #359: Tax Deferred vs. Roth Contributions: A Deep DiveToday 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...2024-03-211h 14
White Coat Investor PodcastMtoM #161: Nurse Becomes a Millionaire and Finance 101: How to Get StartedToday 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...2024-03-1128 min
White Coat Investor PodcastWCI #357: Roth IRAs, Conversions and Backdoor ContributionsToday our friend Chad Chubb is joining us for our next Friends of WCI episode. It is Roth season they answer more of your Roth questions. They cover Roth IRAs, conversions and contributions. They also talk about the difference between wants and needs, particularly around things like cars, or in Jim's case a big ole' F-250. Before wrapping up Jim and Chad debate the merits of living like a resident. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings...2024-03-0758 min
White Coat Investor PodcastWCI #355: Burnout in Women with Dr. Darria LongToday on the podcast Dr. Darria Long joins Dr. Dahle. Dr. Long is an ER doc, mom of 3, author, National TV contributor, educator, entrepreneur and researcher. She is passionate about helping women have healthier and better lives. Dr. Dahle and Dr. Long discuss a large study she conducted about burnout among women and the fascinating findings from it. They discuss ways to combat burnout, the dangers of social media for children and adults, how to triage your life and so much more. Still not sure what to do with your student loans? Overwhelmed with how to tackle...2024-02-2254 min
White Coat Investor PodcastMtoM #156: Family Doc Pays For a Dream Wedding With Cash and Finance 101: How to Wire MoneyToday we are celebrating this family practice doc cash flowing his dream wedding! This super saver had to get comfortable spending a pretty big chunk of change to bring his and his wife's dream to life. He learned that while saving for your future is crucial it is also important to learn how to spend well and enjoy your money. He worked hard and saved both for the wedding and for retirement at the same time. His next financial goals include paying off his student loans in the next few months and then saving enough to be retire optional...2024-02-0522 min
White Coat Investor PodcastWCI #350: Paula Pant & PermabearsToday we have our friend Paula Pant on the podcast. She is one of our Keynote speakers at WCICON24 that you will not want to miss. Today Paula and Dr Dahle cover a whole host of topics including Perma-Bears on the economy, the housing market in 2024 and if you should buy a house now or wait, and even Bitcoin spot ETFs. They also talk about career burnout and how Paula took a year long sabbatical to do an internship to allow herself time to recover from her own burnout. If you’re looking to Boost Returns, Lower Ta...2024-01-1858 min
White Coat Investor PodcastWCI #343: How Do You Know If You Are Getting Good Advice at a Fair Price?WCI Columnist, pediatrician, and WCICON speaker, Margaret Curtis, joins Dr. Dahle today on the podcast to help answer your questions. They debate the age old questions of pay down debt vs invest as well as if it is better to rent or buy in this market. They answer a workplace 401(k) question and discuss how you know if you are getting good advice at a fair price. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast...2023-11-3059 min
White Coat Investor PodcastMtoM #144: IMG Comes to America and Becomes Financially Successful and Finance 101: Guidance for International Medical GraduatesThis radiologist moved here from Brazil 20 years ago after completing medical school. She wanted to come on the podcast to help educate other international medical graduates about how to succeed in the US financial system. It was a steep learning curve but she wants all immigrants to know they can do this and be successful! This episode is packed full of advice and encouragement. Raquel Oliva Alencar, is an MD, PhD, and CEO and Founder of Scientia Imaging. After the podcast Dr. Dahle talks more about IMGs. Getting quality disability and life insurance should be the first...2023-11-1327 min
White Coat Investor PodcastWCI #339: Dave Ramsey Gives Poor Advice to Unmatched DocToday we are answering you questions about taxes. We talk about how investing can impact taxes, how to manage estimated payments for your taxes and qualified dividends and even answer a question about tax breaks from investing in oil and gas. We also answer a few questions about asset allocation. Before we get into all of that Dr. Dahle gives his opinion on what advice Dave Ramsey should have, but didn't, give to an unmatched doc in a mountain of debt. Listen to the Dave Ramsey call here: https://www.instagram.com/reel/Cx3Bntau-Au/?igshid=MzRlODBiNWFlZA%3D%3D 2023-11-0247 min
White Coat Investor PodcastWCI #332: Getting A Financial Plan In PlaceToday, SC Gutierrez, long time friend of WCI and the podcast is joining Dr. Dahle to help answer your questions. Together they answer questions about student loans and the SAVE program, about how HSAs should be viewed as retirement accounts, the importance of a written financial plan and a friendly reminder that no one can time the market, and finally get into what a defined benefit plan is. As a white coat, you have valuable knowledge. Various companies want that knowledge. And they’re willing to pay you for it! That’s why we’ve put together a list...2023-09-141h 01
White Coat Investor PodcastWCI #331: 401K and IRA Limits are Totally SeparateToday Dr. Dahle reminds us that 401K and IRA limits are totally separate. He once again reviews the changes that happened with the Secure Act 2.0 and then dives into a variety of your questions. Some of those questions are about 401(k)s, roth vs. traditional contributions, mega backdoor roth conversions, and what do with retirement accounts when transitioning from residency. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly...2023-09-0750 min
White Coat Investor PodcastWCI #330: Financial Therapy with Aja EvansToday Dr. Dahle speaks with financial therapist, Aja Evans. Aja is a licensed therapist with over a decade of experience in the mental health industry. They have a fascinating conversation about the impact of our various behavioral issues when it comes to finance. They discuss the guilt and shame that can come from making a financial mistake, from having saved too much or not enough, and the impact of not being comfortable making boundaries or having open conversations about finances. They get into why financial therapy can be beneficial and a great deal more. We hope you find this...2023-08-3147 min
White Coat Investor PodcastMtoM #132: Emergency Medicine Resident Hits $100K in Retirement Accounts and Finance 101: CashThis emergency medicine resident saved $100,000 in his retirement accounts all during residency. He said living in the midwest helped because of low cost of living. In addition he stuck to a tight budget, cooked at home, rode his bike to the hospital and saved all he could. This doc is also committed to education and has helped many of his peers and attendings become more financially literate. He said his next big financial goal is to become a millionaire within 3-5 years. After the interview Dr. Dahle will be talking about cash and what to do with it for...2023-08-2122 min
White Coat Investor PodcastMtoM #129:Family Physician Lives Like a Resident and Finance 101: InflationThis family medicine doc shows us the power of living like a resident for a few years. This family has continued to live frugally since training and were able to tackle their student debt and save up for a mortgage. They are now happily maxing out retirement accounts and saving for their future. Paying off the debt was easier than she thought because they didn't inflate their lifestyle. We also learn from this doc the importance of contract negotiation. She shares her story of speaking up for herself and the impact of having her negotiations honored. After the interview...2023-07-3123 min
White Coat Investor PodcastMtoM #128 - Podiatrist Pays Off Student Loans and Finance 101: Dave Ramsey's Baby StepsThis podiatrist paid off his student loans only a few years after training. He shared how freeing it has been to be completely out of debt. He said budgeting, open communication, and living frugally for awhile was critical for paying this off so quickly. He said they were still able to enjoy life and celebrate the little wins along the way including enjoying a nice bottle of wine after every $25,000 they paid off. He said being out of debt has allowed him to set his schedule and spend more time with his family and focus on personal development. After...2023-07-2426 min
White Coat Investor PodcastMtoM #126 - Pharmacist Writes a Book and Pays Off a Mortgage and Finance 101: Index FundsThis pharmacist turned educator paid off his investment property mortgage. He shares his fascinating story of moving through several different careers before settling into what he does now, teaching. He wrote a successful pharmacology book that made it possible for him to pay off his first of two rental property mortgages and he is on his way to paying off the others. After the interview Dr. Dahle talks about index funds for Finance 101. I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr...2023-07-1023 min
White Coat Investor PodcastMtoM #124 - Two Doc Couple Splits Their Student Loan Plan and Finance 101: The 5 Money ActivitiesThis two doc couple has created a great plan for getting rid of both of their loans. He is going for PSLF and they just paid off her loans. He said meeting with StudentLoanAdvice.com, refinancing and then having a plan and sticking to it were the keys for tackling these loans quickly. He said they were able to maximize their retirement accounts while paying down the debt. They didn't live exactly like residents but kept costs down and didn't live lavishly. They were still able to enjoy their lives while they did. After the episode for Finance 101 Dr...2023-06-2625 min
White Coat Investor PodcastWCI #319: Wholesaling and Flipping Real Estate with Jamil DamjiOur guest today is Jamil Damji who is a co-host of the BiggerPockets On the Market podcast and the author of How to Wholesale Real Estate: The No Cash Strategy to Build a Scalable Business. He is a co-founder of KeyGlee, which helps real estate investors find properties and is the founder of Astroflipping. He hosted Triple Digit Flip on A&E. Today Dr. Dahle and Mr. Damji get into the details of what wholesaling and flipping is, how to get into it and who it is and is not right for. At some point in our...2023-06-1550 min
White Coat Investor PodcastMtoM #122 - Orthopedic Surgeon Hits $4 Million Net Worth and Finance 101: TaxesThis doc just hit $4 million net worth. He has worked to boost his income at every step of his journey to allow for more savings. While he has a high income, he has always valued living fugally and saving as much as possible. His advice to you? Identify your goals, and find a job that can provide enough income to meet those goals.He said to keep expenses low out of residency, and don't over inflate your lifestyle. Today for Finance 101 Dr. Dahle is talking about taxes! Getting quality disability and life insurance should be the first...2023-06-1231 min
White Coat Investor PodcastMtoM #118 - Cardiologist Becomes a MillionaireThis cardiologist became a millionaire just 6 years out of training. This physician couple worked hard to pay their debt off and start saving. They have learned that while they want to be set up for a comfortable retirement, they also are not trying to FIRE. They want to save responsibly while still spending money now and making the most of life right now with their kids. His advice to you is to be persistent and consistent and to be patient. If you stick to your plan you will be successful! Dr. Dahle also gives an intro to H...2023-05-1524 min
White Coat Investor PodcastWCI #312: Generational Wealth and Teaching Your Kids About MoneyOur guest on the podcast today is Dr. Brittne Halford of More Joy, More Wealth. She and Dr. Dahle discuss how your upbringing affects your view on money. They discuss generational wealth and the difference between being rich and having wealth. They talk about how to teach your kids about money and how to help them learn to work hard and create the life they want even if they have some generational wealth coming their way. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White...2023-04-2757 min
White Coat Investor PodcastMtoM #113 - Paid Off Student Loans and Bought a Car With CashThis neurologist paid off over $400,000 in just 3 1/2 years. He also bought a new car with cash. He said living like a resident and having a plan is how he paid off his debt so quickly. This doc has developed great habits that will help him reach financial independence early. We think you will find his optimism and discipline as inspiring as we did. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial...2023-04-1019 min
White Coat Investor PodcastWCI #303: A Random Walk Down Wall Street with Burton MalkielOur guest on the WCI podcast today is Burton Malkiel. He is the author of best selling book, A Random Walk Down Wall Street. He shares his decades of experience working in finance and investing and talks about his belief that the easy thing is not usually the smartest thing to do. Fortunately that is not the case with being an above average investor. We think you will find this conversation as educational as it is interesting. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube...2023-02-2357 min
White Coat Investor PodcastWCI #295: Your Money Or Your Life with Vicki RobinToday we have an amazing guest on the podcast. Vicki Robin, author of Your Money Or Your Life and Blessing The Hands That Feed Us has a fascinating discussion with Dr. Dahle about our relationship to finances, healthcare, housing costs, and food. We are certain you will enjoy this compelling conversation. If you’re like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never bee...2022-12-291h 04
White Coat Investor PodcastWCI #293: Life after Financial IndependenceWe have two amazing guests on the podcast today. Physician on Fire's, Dr. Leif Dahleen, and Physician Side Gig's, Nisha Mehta are joining Dr. Dahle to talk all about life after financial independence. They cover all kinds of topics including is there such thing as too much travel? As well as the importance of creating the life you want and living that life to the fullest, the complications of managing work and time with kids and the value of working because you want to and not because you have to. Did you know that the White Coat I...2022-12-1558 min
White Coat Investor PodcastMtoM #96 - Periodontist Pays Off $780,000 of DebtThis periodontist did something pretty incredible and paid of $780,000 of debt in only five years! How did they do it? By living frugally, moving to a higher paying location and staying focused on the goal. We are sure you will find this one inspiring! Want some tips on how to pay off your student loans quickly? Check out this article: https://www.whitecoatinvestor.com/how-to-pay-off-medical-school-loans-in-less-than-2-years/ Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short s...2022-12-1222 min
White Coat Investor PodcastMtoM #82 - Gynecologist Gets Back to BrokeThis physician had a swing of about $600K in net worth in 2.5 years, basically on one attending and one resident income. Have a financial plan. It works. Dedicating a big chunk of your income to building wealth works. It takes time. It isn’t a get rich quick scheme. But it will work. You will become rich. https://www.whitecoatinvestor.com/why-youre-going-to-be-rich/ Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips exp...2022-09-0514 min
White Coat Investor PodcastWCI #278: Recession Proof InvestmentsIs there such a thing as a recession proof investment? Many listeners are wondering this and asking questions about what to do right now. We don’t like the phrase recession proof investment. It implies you need a different investment strategy depending on what the market is doing. It shouldn't surprise any followers that we don't think this is true. Are we even in a recession? We dive into this question as well as answer your questions about what to do with your money with the current state of the economy. Buy I bonds, savings bonds, pay off rental pr...2022-09-0147 min
White Coat Investor PodcastWCI #277: Nonclinical Work for PhysiciansThis episode Dr. Dahle talks about ways for physicians to make some money outside of their typical clinical work. Whether you are looking to put your medical education to work in a side gig or replace your clinical work completely, this episode will provide several ideas for you to think about. We have covered side gigs many times on the blog but we thought a reminder here on the podcast would be useful. We also answer some of your questions about FSAs, non-qualified deferred compensation plans, how to save money as a resident, how to manage the student loan fr...2022-08-2550 min
White Coat Investor PodcastWCI #273: Tax Credits and Passive vs. Actively Managed FundsIn this episode Dr. Dahle discusses tax credits, foreign tax credits, insurance tax code changes and how a 7702 is not something we are excited about at WCI. We talk about Roth conversions during retirement and a host of other topics. We also have a husband and wife doctor duo on the podcast. They are guests we have had before and the creators of the online course Zero to Freedom that will teach you all about cash flowing real estate properties. See full show notes here: https://www.whitecoatinvestor.com/tax-credits-and-passive-vs-actively-managed-funds-273 No more wading through dozens of books a...2022-07-2847 min
White Coat Investor PodcastWCI #269: Infertility Among DoctorsJim and Disha interview two women physicians on the podcast to enlighten us about all things financial in relation to fertility treatments, which is a huge issue among physicians. They explain fertility challenges are twice as common among physicians as it is in the general population. Infertility treatments are mentally and physically taxing, not to mention really expensive. It is a complicated process in so many different ways. We are grateful to these two physicians for being willing to share their knowledge and their stories. Full show notes here https://www.whitecoatinvestor.com/infertility-among-doctors-269 Do you ever f...2022-06-3043 min
White Coat Investor PodcastMtoM #71 - Neurologist MillionaireDr. Dahle interviews this neurologist who graduated debt-free, matched into Neurology, made twice as much as the average neurologist, and is now, 8 years out of residency, cutting back to 7 days a month (still with a great income), a multi-millionaire, and on CoastFI. Quite an inspiration. Learn more about the different types of FI here https://www.whitecoatinvestor.com/the-fire-movement/ If you’re like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be...2022-06-2018 min
White Coat Investor PodcastMtoM #68 - Surgeon Builds Wealth By Living Like a ResidentThis surgeon got back to broke 18 months out of residency. They continued to live like a resident, even living in their residency home. They went from $370K in debt to now $170K net worth. Maxed out tax protected accounts and put the rest toward paying off the debts, 60-70% of their income. Living like a resident works! https://www.whitecoatinvestor.com/live-like-a-resident/ Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips ex...2022-05-3013 min
White Coat Investor PodcastWCI #264: Interest Rates, Inflation, and I BondsIn this episode Jim Dahle answers your questions about interest rates, inflation, I bonds, where to put that money you are saving for a downpayment, student loan forbearance with IBR, investing in total US stock market versus international, the Japanese markets in the 1980s, and global overpopulation. See the full show notes here https://www.whitecoatinvestor.com/interest-rates-inflation-and-i-bonds-264 Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me a...2022-05-2639 min
White Coat Investor PodcastWCI #263: Investing in Crypto-Assets with Hedge Fund Manager, Jeff Ross MD, MBAIn this episode Dr. Dahle interviews a pretty unusual guest for WCI. Readers and listeners have emailed requesting that we get him on the podcast and we thought it would be an interesting conversation. Our guest is Jeffrey W. Ross MD, MBA. He is the founder of Vailshire Capital Management and Vailshire Partners hedge fund. He was a speaker at the Bitcoin 2022 Conference, and he is a board-certified radiologist. He's an interventional radiologist fellowship-trained, and just retired last year in 2021. He has contributed to the Motley Fool as well as Seeking Alpha. We talk all about Bitcoin and Crypto...2022-05-191h 14
White Coat Investor PodcastMtoM #54 - WCI Ambassador Reaches Millionaire StatusOur new ambassador, Dr. Disha Spath, joins us in this episode to celebrate her new status as a millionaire! 2 years out of training, after inflating their lifestyle, they started paying attention to their finances and cut back significantly. They cut every line item in their budget. Now 5 years later, they’ve paid off $250K in student loans and are millionaires! Working together with your family, you can make the changes necessary to take control of your finances. Learn more about the romantic side of budgeting at https://www.whitecoatinvestor.com/romantic-budgeting/ Love what you hear on the pod...2022-02-2114 min
White Coat Investor PodcastWCI #238: 2021 Financial Book ReviewsEvery year we are sent a big stack of books that people want us to read and review on the blog or the podcast. This week at WCI is Continuing Financial Education week and we want to recommend a handful of books that we think would be useful to our readers and listeners. I have talked a lot about the importance of continuing education and I recommend reading at least one book a year to further your financial knowledge. Hopefully one of these books will prove to be a great resource for you. If not, check out our recommended...2021-11-2548 min
White Coat Investor PodcastMtoM #41 - Pediatrician pays off $300K in 3 yearsIn 3 years this pediatrician paid off $300K in loans with a 200K income. Motivated to get their schooling paid off so they could start saving for their children’s college education. They paused their retirement savings to really focus on getting rid of this debt as fast as possible. There are 10 reasons you should pay off your student loans quickly. https://www.whitecoatinvestor.com/10-reasons-to-pay-off-your-student-loans-quickly/ Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover top...2021-11-2213 min
White Coat Investor PodcastMtoM #40 - Dual Family Doctor Couple pays off $400K+ in 3 yearsFollowing the outline for financial priorities in the WCI book, this couple was able to invest while paying off the debt for Brad’s medical school. Racquel used the National Health Service Corps to pay for school and owed them a couple years of service after. This episode we discuss the pros and cons of paying for medical school this way. Be inspired by this couple’s success and then go learn more about financial “waterfalls” at https://www.whitecoatinvestor.com/financial-waterfalls-for-new-residents-and-attendings/ to set your priorities. Love what you hear on the podcast? Looking for more great White Co...2021-11-1515 min
White Coat Investor PodcastWCI #236: Interview with Jaspreet Singh of the Minority MindsetJaspreet Singh is the creator of The Minority Mindset. We were introduced to him recently at a conference called FinCon that was for producers of financial content and resources. He was one of the keynote speakers at the event and has put together some awesome resources. He is an animated guy and his main mediums are YouTube and Instagram. He is a first generation American with an entrepreneurial spirit that is inspiring. You will find his story about giving up his family's dream of becoming a doctor to follow his passions as fascinating and educational as we do. See...2021-11-1152 min
White Coat Investor PodcastMtoM #39 - Buying a Car with CashOur guest is a general dentist three years out of training. He has hit a couple of milestones, back to broke and a six figure net worth. But he came on the podcast today to celebrate buying a car with cash. He purchased a 2017 minivan with 20K miles and felt rich doing it! How much car can you afford? Check out this episode for the answer. https://www.whitecoatinvestor.com/how-much-car-can-you-afford/ At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young d...2021-11-0812 min
White Coat Investor PodcastMtoM #33 - Millionaire PodiatristOur first podiatrist on the Milestones podcast! In 8 years they paid off around a million dollars in debt between his student loans and a business loan. With a salary range from $85K to $500K+ he now has a net worth of a million dollars. We discuss how he has built a business that now provides them that high salary. Everyone can be a millionaire. https://www.whitecoatinvestor.com/everyone-a-millionaire/ If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful, actionable i...2021-09-2713 min
White Coat Investor PodcastMtoM #27 - Academic Endocrinologist MillionaireThis academic endocrinologist follows the WCI advice and reaches millionaire status 3 years and 9 months out of training. How did they do it? They had a written financial plan and automated their finances. You need an investing plan to be successful! https://www.whitecoatinvestor.com/investing/you-need-an-investing-plan/ Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss p...2021-08-1613 min
White Coat Investor PodcastMtoM #26 - Orthodontist Pays off $480KThis orthodontist thought about the student loan debt every day until it was paid off. Each year it became less stressful as they made progress and started to see that they could really do it. Being a business owner really pays off when you can set a salary and everything above that goes to student loans. There are a lot of benefits to owning your business. https://www.whitecoatinvestor.com/10-reasons-you-should-own-a-business/ Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video r...2021-08-0911 min
White Coat Investor PodcastWCI #215: Calculating ROI, Dollar Cost Averaging vs. Lump Sum, UTMA Accounts & TIPSThis podcast is all about you and what you want to talk about. Today it is investments. How to calculate return on investment? What is the best way to use a UTMA account? Why shouldn't you go 100% TIPS? Which is better for investing, dollar cost averaging or lump sum? These are the topics we discuss in this episode. If you have questions you want answered on the podcast, record them here http://speakpipe.com/whitecoatinvestor. We also dive into why you shouldn't get a car loan, how much malpractice coverage you should have as asset protection, and the challenges...2021-06-1751 min
White Coat Investor PodcastMtoM #15 - Financially Independent Military PeriodontistIn this episode we celebrate Casey achieving financial independence relatively early on a military salary that ranged from $75-260K/year. He has a $1.5 million net worth plus a pension providing $80K/year starting at the age of 48. Not a typical FI story with a spending budget of $130K/year but with a family of 7 Casey can FIRE at age 48. He makes a good case for sticking it out for 20 years with the military! Learn more about being a military doctor https://www.whitecoatinvestor.com/being-a-military-doctor-podcast-92/ If you’re like most doctors, nobody taught you anything about per...2021-05-2412 min
White Coat Investor PodcastMtoM #13 - Millionaire Internal Medicine DoctorTeresa and her husband made a plan to live off one income. In 5 years post training they were able to reach millionaire status. There are many roads to reaching a net worth of a million dollars. They chose investing in real estate. But the principles are the same: earn money, carve a good chunk out, and invest it in a smart way. It doesn’t take long until you’ve reached your goals. Every one of you can be a millionaire. https://www.whitecoatinvestor.com/everyone-a-millionaire/ Did you know that the White Coat Investor not only has a pod...2021-05-1010 min
White Coat Investor PodcastWCI #209: Travel Hacking with Physician on FireFor FIRE week on the White Coat Investor podcast, we have a guest host, Physician on Fire https://www.physicianonfire.com/credit-cards/ , discussing travel hacking and answering listener questions. You can earn free travel and he shows you how with regular spending and credit card welcome bonuses. Now credit cards are for convenience and only use them if you are disciplined enough to pay them off every month. Use autopay for all your cards and make sure you are getting at least 1.5% to 2% back on your everyday purchases. If you’re willing to pick up a new card a co...2021-05-0645 min
White Coat Investor PodcastMtoM #12 - Financially Independent by 31The lower you keep your expenses, the less you need for financial independence, and the quicker you can reach that state. Matt was able to reach financial independence by the age of 31 with a high savings rate and managing his spending well. A classic FIRE guy, this interview will give you tips, motivation, and inspiration to reach financial independence as quickly as possible. A good place to start is the live on half challenge https://www.whitecoatinvestor.com/live-on-half-challenge/ Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to o...2021-05-0319 min
White Coat Investor PodcastWCI #208: Annuities and Cash Secured Puts in Low Yield TimesIn light of current interest rates and bond yields, should you change your investment strategy? People are wanting to do lots of different things to chase higher yields and most of them are bad ideas. We discuss a couple in this episode: cash secured puts and annuities. Since our crystal ball is as cloudy as yours, changing your investment strategy based on what you think will happen with rates in the future is generally not a good idea but we discuss when annuities might be appropriate for your portfolio. Learn more about the good annuity here https://www.whitecoatinvestor...2021-04-2955 min
White Coat Investor PodcastWCI #200: Vetting Private Real Estate DealsReal estate is certainly a legitimate pathway to wealth that many people have followed. Our guest in this episode is Peter Kim of Passive Income MD. We dive into your questions about passive income today, especially real estate. See full show notes here https://www.whitecoatinvestor.com/vetting-private-real-estate-deals-podcast-200 . We discuss how to vet private real estate deals. We talk about what a young physician starting from scratch can do to dial up his real estate portfolio. We share some of the deals we have done that have gone bad and debate whether taking money out of traditional retirement accounts...2021-03-041h 08
White Coat Investor PodcastWCI #195: Investing Lessons from Christine Benz of MorningstarMorningstar has been around for 36 years and is by far the best place to get information about all of the mutual funds available. Our guest in this episode, Christine Benz is the director of personal finance and a senior columnist at Morningstar. She is the author or co-author of five books, including 30-minute Money Solutions, which we will be given away at the WCI Conference https://www.whitecoatinvestor.com/conference in March, where she is our keynote speaker. Christine has had a 30 year career at Morningstar so lots of investing lessons to be learned from her. See the full...2021-01-2856 min
White Coat Investor PodcastWCI #194: The Backdoor Roth IRA Made EasyEveryone should be contributing to a Roth IRA every year. This is retirement account space that you can't get back. Many of us need to contribute to the Roth IRA through the backdoor, which can be confusing. In this episode we discuss what a backdoor Roth IRA is, steps for successfully contributing to a backdoor Roth IRA, and how to fix errors that occur in each step. See full show notes here whitecoatinvestor.com/the-backdoor-roth-ira-made-easy-podcast-194. For those who have mastered the backdoor Roth IRA we also answer listener questions about adding new asset classes to your investment plan, tax i...2021-01-2145 min
White Coat Investor PodcastWCI #180: More Physician MillionairesWhat does it take to become a millionaire? Hear the experiences of seven millionaires in this episode talk about how they did it. You may recall we did our first episode with physician millionaires the start of 2020. People loved hearing from these successful doctors and what they did to win financially, but they wanted more women represented. So all seven guests today are female, 6 physicians and an engineer. We talk about similar stuff to what we did last episode, how they did it, their mindset, what their money is invested in, but also discuss what it is like as a...2020-10-151h 24
White Coat Investor PodcastWCI #166: Is Vanguard Losing Its Status?I love Vanguard. I think it is great to have a real mutual fund/brokerage company that is owned by the investors and run at cost. Their low costs and passive investing has done wonders for the investment industry. However, things are maybe not the same as they were years ago, as far as Vanguard and its competitors. Fidelity and Schwab are now competing with Vanguard on price by offering their index funds at a lower expense ratio. But is that a reason to move your assets away from Vanguard? I don't think so and I talk about why...2020-07-091h 02
White Coat Investor PodcastWCI #152: Work Life Balance with Tired Super HeroineWith medical school classes now having slightly more women than men, more physicians are or will be juggling the challenge of being a professional and a mother. Figuring out the work-life balance can be difficult. Fortunately women physicians have some great role models to look to. One of those is Dr. Barbara Hamilton, also known as Tired Superheroine https://tiredsuperheroine.com/ our guest in this episode. We discuss her experience in the field of interventional radiology as a female physician, a field where women still make up a small percentage. Dr. Hamilton is trying to change that by educating ear...2020-04-0248 min
White Coat Investor PodcastWCI #142: Should You Raid a Roth IRA To Pay Off Your Loans?Should you raid your Roth IRA to pay off your student loans? No, I think raiding your Roth IRA for any reason is a bad decision. You only get so much Roth space in your life. Raiding the Roth IRA for anything except retirement is not a good idea because that money is compounding tax-free for years, and the longer you let it do that, the more valuable that benefit becomes. But the Roth IRA has other benefits too. It is great for estate planning. Even with the recent changes in the estate tax laws, you can still stretch...2020-01-2351 min
White Coat Investor PodcastWCI #138: Managing Student Loans and When to Pay for AdviceThere is a huge issue with student loans in our country today. I think it is currently at $1.7 trillion. That is almost half of the annual federal budget. One out of six Americans over the age of 18 have student loans. We have discussed many times on the blog and podcast the huge student loan burdens that physicians and dentists are dealing with. In this episode I interview Travis Hornsby, a student loan expert at https://www.studentloanplanner.com/wci. We have a great discussions about unique ways to manage your student loans and techniques that you have probably not...2019-12-261h 04
White Coat Investor PodcastWCI #134: Improve Your Personal Financial LiteracyThis week is continuing financial education week. See more information and resources to get financially literate at https://www.whitecoatinvestor.com/classic-blog/. I do this week every year with book reviews on the blog and podcast to encourage you to get financially literate. I view getting financially literate as reading a handful of books and getting a financial plan in place, whether that involves taking an online course like my Fire Your Financial Advisor https://whitecoatinvestor.teachable.com/p/fire-your-financial-advisor, or meeting with a good financial advisor who gives you good advice at a fair price, or just drafting...2019-11-2845 min
White Coat Investor PodcastWCI #125: How to Rebalance Your PortfolioSee the show notes for this episode at https://www.whitecoatinvestor.com. One listener asked about how to rebalance his portfolio. A lot of people still get confused about this. He said rather than sell from the oversized asset, and transfer the proceeds to the undersized one, he has always just invested additional funds out of pocket and purchased more of the smaller one. He wanted to know if he was making a mistake. I encourage people to look at their portfolio in its entirety and not at individual accounts when rebalancing. I think most people will find in...2019-09-2647 min
White Coat Investor PodcastWCI #124: Financial Advisors: The Good, The Bad, and The Ugly with Michael KitcesMichael Kitces is the brains behind Nerd's Eye View, https://www.kitces.com which I believe is the most widely read website aimed at educating financial advisors in the world. He blogs for advisors who are serious about their craft, the ones who actually view this profession as a calling and want to get better at it. He wants to teach them how to be a more successful advisors and how to serve their clients better with more expertise. He believes that most harm inflicted on clients by their advisors doesn't occur because of malice or greed but out...2019-09-191h 18
White Coat Investor PodcastWCI #111: Investing in Airbnb Rentals with David DraghinasDr. David Draghinas is probably best known in this community for his podcast, Doctors Unbound, https://www.doctorsunbound.com/ where he shares inspiring stories about doctors doing extraordinary things. But in this interview I asked Dr. Draghinas about something extraordinary that he is doing. They converted one of their rental properties to a short term rental, then bought another luxury rental property, and rent both out as short term rentals through Airbnb and VRBO. These properties, managed by his wife, have done extremely well and they now consider themselves financially independent. To learn more about how to achieve FI...2019-06-201h 09
White Coat Investor PodcastWCI #110: How Does the US Tax Foreign Investment Income?How does the US tax foreign investment income? Foreign income is taxed as ordinary income on your US tax return. No free lunch here, sorry. The places that are paying higher interest rates are generally expected to depreciate against the dollar. So should you invest in foreign currency trading? Listen to this episode to learn more. Find detailed show notes and links to everything discussed in this episode at https://www.whitecoatinvestor.com Remember registration for WCICon20 starts at 7:00 PM Mountain Time on Monday, July 8th. Love what you hear on the podcast? Looking for m...2019-06-1339 min
White Coat Investor PodcastWCI #96: An Interview with Michelle Finkel of Insider Medical AdmissionsIn this episode I interview Michelle Finkel. Dr. Finkel is a former Harvard Medical School faculty member with admissions experience and a board certified emergency physician. She started Insider Medical Admissions to use her experience and expertise to guide clients through the medical admissions process successfully through reviewing essays and conducting mock interviews. She has helped well over a thousand clients from the strongly competitive to the sink or swim candidate successfully gain access to medical school. If you are looking at medical school this episode is for you. Love what you hear on the podcast? Looking...2019-03-0744 min
White Coat Investor PodcastWCI #90: An Interview with Physician on Fire and Passive Income MDYour three favorite physician finance bloggers all in one podcast again! WCI, PIMD, and PoF answer listener questions in this episode ranging from who is the funniest and is curling a real sport? To backdoor Roth IRAs, investing in real estate vs index funds, and what are the most important financial topics to teach new physicians. Plus lots more questions. You will find it informative and entertaining. If you found this podcast useful visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum at...2019-01-241h 26
White Coat Investor PodcastWCI #89: State of the PodcastIt is a tradition at The White Coat Investor to update the members of our community on the progress made in the last year. As usual, last year was our best year ever in nearly every respect. Thanks to all of you who have even the tiniest amount of responsibility for that. If you told even one person about the site or book or podcast, answered one question on the forum or Facebook group, or used the site to find a financial service provider you needed, THANK YOU. In this episode I talk about the state of the podcast...2019-01-1736 min
White Coat Investor PodcastWCI #87: The White Coat Investor PhilosophyI’m often asked “where should I start with the podcasts.” I thought for our first podcast of 2019 that I’d lay out the WCI philosophy, so if someone asks “what podcast should I start with?” you can confidently say #87. In this episode I discuss the 12 Steps of the WCI philosophy. Listening to this episode will help people to understand the basics of personal finance and investing for high income earners. If you found this podcast useful visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum...2019-01-0329 min
White Coat Investor PodcastWCI #82: Nearing RetirementOne listener felt a lot of my podcasts are geared toward the younger physician. She really wanted to know more about investing as she nears retirement. She had questions like is a portfolio 100% in index funds appropriate for a retiree? What about alternative strategies - bond ladders, dividend paying stocks, using options as an insurance policy, and those types of things. A common misconception is that someone nearing retirement should do something dramatically different than a 25 year old. Bear in mind a typical 55 year old still has a 30 year investing career. The right investments for a 55 year old are...2018-11-2932 min
White Coat Investor PodcastWCI #71: An Interview with Nii Darko from Docs Outside the BoxIn this episode Dr. Dahle talks with Nii Darko from Docs Outside the Box. Docs Outside the Box podcast brings stories of ordinary doctors doing extraordinary things to inspire other docs to think outside the box. We discuss some of these stories but also delve into his finances and how he and his wife paid off $600,000+ in student loan debt and are building the life they want. If you’re like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps ev...2018-09-1355 min
White Coat Investor PodcastWCI #69: An Interview with Carrie Reynolds from Hippocratic HustleI interview Carrie Reynolds today from The Hippocratic Hustle Podcast. She developed The Hippocratic Hustle Podcast to create a space where women doctors can come together and share their stories of their business, project or side-hustle, to explore ways to stretch your hard earned dollars and be more efficient with your time and money. Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep...2018-08-3048 min
White Coat Investor PodcastWCI #68: Moonlighting and Side GigsWe discuss moonlighting and everything a doctor needs to know about this extra source of income. We also talk about side gigs for high income professionals in this episode. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep dives into topics for more in depth learning. You can even learn all about real estate with webinars from our real estate partners. Check out...2018-08-2325 min
White Coat Investor PodcastWCI #58: Interview with Sarah Catherine Gutierrez from Aptus FinancialDr. Dahle interviews Sarah Catherine Gutierrez from Aptus Financial in this episode. They talked about how she got into the financial advising world, the mistakes she sees doctors making in their financial plan, even the DIY guys, and where she sees the financial advising business going in the future. They discuss the different ways that advisors are paid and the conflicts of interests with each type. If you found this podcast useful, visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum at http://w...2018-06-141h 06
White Coat Investor PodcastWCI #54: Asset ProtectionThis episode is about asset protection. We discuss what you can do to better protect your assets like houses, taxable accounts, real estate, etc. Plus of course answer listener question about backdoor Roth IRAs, PSLF, marijuana, and cash flow banking. If you found this podcast useful, visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/ Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel...2018-05-1731 min
White Coat Investor PodcastWCI #48: Choose Financial IndependenceDr. Dahle interviews Brad and Jonathan from the ChooseFI podcast. They discuss many different aspects of financial independence. The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. We call it an introductory course because there is always more to learn. But this is no short, superficial course. There are over 200 lectures and videos adding up to more than 27 hours of content by over 15 different instructors. We think it just might be...2018-04-0554 min
White Coat Investor PodcastWCI #40: Physician on Fire UpdatePhysician on Fire and WCI discuss his transition to part time work, his safe withdrawal rate, and slow traveling with his family. They also answer many listeners' questions. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep dives into topics for more in depth learning. You can even learn all about real estate with webinars from our real estate partners. Check out all...2018-02-0857 min
White Coat Investor PodcastWCI #35: Interview with Jordan Goodman from Money AnswersThis show is an interview with Jordan Goodman, “America’s Money Answers Man” and a "nationally-recognized expert" on personal finance. We discuss hard money loans, mortgage acceleration, investing in life settlements, and bitcoin. There is now a lengthy discussion at the end that I added in December 2018 where I mention some of the things in the podcast that I think Mr. Goodman got wrong as well as some of the conflicts of interest that weren't mentioned by him in the podcast. So make sure you listen to the end. No more wading through dozens of books at the li...2018-01-0459 min
White Coat Investor PodcastWCI #27: How To Get Rich QuicklyHow to Get Rich Quickly Dr. Dahle discusses how to build wealth in this episode and if you have a need/desire to build wealth quickly he lays out a plan for you to do that. Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination...2017-10-3025 min
White Coat Investor PodcastWCI #26: When To Buy A HomeWhen to Buy a Home. There are lots of great reasons to own your own home, including the fact that you can have as many pets as you like, you can paint the walls whatever color you prefer, and the landlord can never throw you out on the street. Financially speaking, there are many significant benefits of owning a home. However, there are time periods in life when owning your home is a not such a great financial move. In this podcast Dr. Dahle discusses when it is a good time to buy a home. ...2017-10-2432 min
White Coat Investor PodcastWCI #20: Comparing Independent Contractor Jobs with Employee JobsComparing Independent Contractor Jobs with Employee Jobs. Which job offer is better? This is a common question and one which nearly every doctor wrestles with at some point during her career. In this podcast Dr. Dahle discusses the factors that should go into this decision. The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. We call it an introductory course because there is always more to learn. But this...2017-07-1928 min
White Coat Investor PodcastWCI #19: Social SecuritySocial Security Do you count on Social Security when running your retirement projections? How do you do so? Do you discount it somehow? Listen to this podcast to better understand how social security benefits work and how to use them in your retirement plans. If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/ If you are finding our podcasts informative and helpful we would encourage you to sign...2017-06-2722 min
White Coat Investor PodcastWCI #16: Understanding The Age 59 1/2 RuleUnderstanding the Age 59 1/2 Rule. Planning on an early retirement? Listen to this podcast to understand the Age 59 1/2 Rule and how it may affect you. Dr. Dahle discusses all the exceptions to this rule to simplify your early retirement. If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/ If you’re looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI monthly Real Estate Opportunities list for tips an...2017-05-3121 min
White Coat Investor PodcastWCI #13: Fixed versus Variable RatesFixed versus Variable Rates-- Which is Better for Your Mortgage or Student Loan Refinance? There is a natural hesitancy to having a variable rate loan, because it creates uncertainty in the future. However, it is still often the correct choice in many situations. The real question is not “variable vs. fixed” but rather “variable vs. variable plus an insurance policy.” Listen to the podcast to help you make this important decision. Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way...2017-04-2821 min
White Coat Investor PodcastWCI #12: Investing in Taxable Accounts - What You Need to KnowInvesting in Taxable Accounts -- What You Need to Know. Ever wondered what you should do when you've maxed out your 401K, backdoor Roth IRA, and HSA but still want to save more? Dr. Dahle discusses the advantages to taxable accounts and what you need to know as you invest in them. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep...2017-04-2523 min
White Coat Investor PodcastWCI #11: Should You Make Roth or Traditional 401K Contributions?Should You Make Roth or Traditional 401K Contributions? Dr. Dahle get lots of questions from readers about whether or not they should take advantage of their new Roth 401K (or 403B) option or keep contributing to a traditional 401K. They’re usually looking for an easy, straightforward answer. Unfortunately, it isn’t that easy. In this podcast Dr. Dahle discusses the important things you should be considering as you make this decision. At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a...2017-03-2319 min
White Coat Investor PodcastWCI #8: Passive IncomePassive Income. "The wealthiest physicians have loads of passive income. They don’t just have like trickling, bubbling streams…they have frothy rivers brimming with passive income." -Dave Denniston In this podcast Dr. Dahle gives ideas for creating passive income, explains some tax implications, and shares recommendations for entrepreneurship. He also answers listeners questions concerning whether or not to avoid the fees on your HSA by keeping money in the account or to invest it all, Roth IRAs for a non-working spouse, and debt negotiation versus bankruptcy with some solid advice for getting out of debt. As a...2017-02-2423 min
White Coat Investor PodcastWCI #6: Disability Insurance for High Income EarnersDisability Insurance for High Income Earners: Understand these critical steps to purchasing disability insurance. A medical resident’s most valuable financial asset is his future earnings ability, which is at serious risk of loss due to a personal disability. Dr Dahle outlines critical steps to purchasing disability insurance correctly in this podcast. Disability insurance is FAR more complicated than term life insurance, and while it may not require a ton of time to understand and purchase a policy, it will require more self-education and a lot more decisions to be made. This episode will further your education and walk you...2017-02-0919 min
White Coat Investor PodcastWCI #4: The Stealth IRA: A Health Savings Account May Be Your Best Retirement PlanThe Stealth IRA: A Health Savings Account May Be Your Best Retirement Plan Dr. Dahle teaches you everything you need to know about a Health Savings Account. An HSA can help cover health care costs and serve as a triple-tax-free, stealth IRA investment plan. Wondering if you should open one? Want to know the best way to spend your HSA money? Listen to this podcast for the answers. He also answers readers' questions about big financial advising firms versus small ones, commission salesmen versus actual financial advisors, and options for lowering your tax bill. Still no...2017-01-2718 min
White Coat Investor PodcastWCI #3: How to Choose a Financial AdvisorHow to Choose a Financial Advisor Dr. Dahle helps you understand the financial advisor professional. What do those designations after their name mean? How do you choose a competent advisor that won't rip you off? What is a robo-advisor and should you use one? Listening to this podcast will help you answer all these questions and more. He also answers readers' questions about backdoor Roth IRAs and refinancing student loans multiple times. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to...2017-01-2021 min
White Coat Investor PodcastThe White Coat Investor - Podcast TrailerHost, 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, si...2017-01-0500 min