White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor
  • 4.8 (2.5K)
  • Investing
  • Semiweekly

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/

  1. 1d ago

    MtoM #300: From -$200K to $10M Net Worth in 8 Years

    How does a family medicine doctor go from -$200K to $10 Million in 8 years? In this episode of The Milestones to Millionaire Podcast, Dr. Jim Dahle is joined by an anonymous family medicine doc who has done just that. He works very hard and uses locum tenens to make almost a million dollars a year as a family medicine doc, but only spends about $160K per year. That allows him to have a savings rate 0f 65% - 80%. He then pours all that money into momentum stocks - those stocks that are 'hot' right now. His portfolio is almost exclusively tech, AI, and chip stocks, and their growth over the last few years has contributed significantly to his net worth today. While stock picking is not an advisable or replicable way to invest successfully, it does sometimes pay off as shown by this doc's story. This podcast is sponsored by Bob Bhayani at Protuity. 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 their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100. Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors. Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones  Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    MtoM #300: From -$200K to $10M Net Worth in 8 Years

  2. 5d ago

    WCI #496: How to Retire Well: Saving Enough and Finding Purpose

    How do you make sure you have enough for retirement, and what do you do once you get there? In this episode of The White Coat Investor Podcast, Dr. Jim Dahle takes your questions about retirement: how much you should be saving, where you should be putting that money, whether you should be saving for retirement in residency, what to do if you've gotten a late start saving for retirement, and how to find purpose in retirement so you can enjoy the fruits of all your hard work. Jim also talks about why he's still saving for retirement even though he and Katie have been financially independent for several years. Retiring well is more than just hitting a number. Yes, you need financial security, but you also need a plan to balance enjoying your life with finding purpose throughout your retirement. Kiplinger Article: https://www.kiplinger.com/retirement/happy-retirement/why-hobbies-arent-enough-in-retirement  Locumstory.com is a free, unbiased educational resource about locum tenens – it's not a staffing agency. They help answer your questions about the how-to's of locum tenens work on their website, podcast, webinars, videos, and they even have a locums 101 crash course. Locumstory.com is where you should go to find out if locums makes sense for you and your career goals. Locumstory is unique because it's more of a peer-to-peer platform, with real physicians sharing their experiences and stories – both the good and bad – about working locum tenens – hence the name, "Locum-story." See for yourself on their self-service platform with no obligation. https://Locumstory.com The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim 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. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    WCI #496: How to Retire Well: Saving Enough and Finding Purpose

  3. Nov 2

    MtoM #299: $1.4 Million Net Worth as a Pediatrician

    Can pediatricians become financially successful too? Today's guest on The Milestones to Millionaire Podcast is Dr. Andrew Demo, a private practice pediatrician in the Midwest who has grown his net worth to $1.4 million just 8 years out of training. Andrew shares how he and his wife made financial mistakes early on, but through hard work and becoming financially literate, they have been able to pay off all their debts (aside from their mortgage) and become millionaires, all on a pediatrician's and a public educator's salaries. Financial responsibility doesn't have to mean giving things up, it means pointing your dollars at the things that matter most to you. Ever notice how every "passive" investment somehow turns into a very active lifestyle? Active spreadsheets. Active phone calls. Active stress. Here's a better question: what if you could buy brand-new construction homes 10% below market value, in the best markets across the country, without making real estate your second job? That's exactly what Rent To Retirement does. They're a full-service turnkey investment company handling everything for you. In some cases, investors get 50% to 75% of their down payment back at closing, plus interest rates as low as 3.75%. https://www.whitecoatinvestor.com/renttoretirement Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors. Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones  Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    MtoM #299: $1.4 Million Net Worth as a Pediatrician

  4. Oct 29

    WCI #495: What Doctors Need to Know About Inheriting Money

    What actually happens when you inherit money? In this episode of The White Coat Investor Podcast, Dr. Jim Dahle takes questions from listeners about what to expect when inheriting money, as well as the process of inheriting, what an executor is responsible for, and the implications of inheriting different types of accounts. But first, Jim discusses some of the feedback from episode 492 with Dr. Jordan Grumet about what he calls "The Healthcare Heist". Today's episode is brought to us by SoFi®, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim 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. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    WCI #495: What Doctors Need to Know About Inheriting Money

  5. Oct 26

    MtoM #298: $100K in Roth IRAs Before Finishing Residency

    You don't have to build wealth during residency, but there are certainly benefits to getting an early start. Today's guest on The Milestones to Millionaire Podcast is Dr. Nick Giusti, a 5th year Orthopedic Surgery Resident who, along with his wife, have accumulated over $100K in their Roth IRAs, and they even have a net worth of about $150K despite still having six-figures of student loans. Nick has also taken it upon himself to help educate his co-residents about personal finance, knowing that they may not hear that message anywhere else in their medical education. Nick has taken the time during residency to build the good financial habits that will make sure he hits the ground running as an attending. Congrats Nick! This podcast is sponsored by Bob Bhayani at Protuity. 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 their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100. Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors. Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones  Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    MtoM #298: $100K in Roth IRAs Before Finishing Residency

  6. Oct 22

    WCI #494: Investing Lessons from 36 Years at Morningstar

    What insights can be gained from a career at Morningstar? In this episode of The White Coat Investor Podcast, John Rekenthaler, a 36 year veteran and former VP of Research at Morningstar, joins Dr. Jim Dahle to discuss the lessons he's learned from his decades in the industry. From what matters most for people in the accumulation phase and Social Security timing, to TIPS, tilts, and private investments, joins us as we learn from John's time in the industry and get to know the man behind the famous Rekenthaler Report. Today's episode is brought to us by SoFi®, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim 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. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    WCI #494: Investing Lessons from 36 Years at Morningstar

  7. Oct 19

    MtoM #297: $170K Net Worth as a Military Resident

    How does this second-year military resident already have $170K net worth? Military docs face a trade-off in their careers. They owe a time debt for medical school instead of a monetary debt and they do make substantially more during residency than civilian residents. These benefits are counterbalanced by receiving a lower salary during attending hood than their civilian peers. Because of lower attending salaries, military docs should take advantage of their low debt and extra salary early in their careers by saving more, sooner, so that compound interest can do its work. Something like the HPSP scholarship can be a great way to pay for medical school, but ONLY if you're actually interested in military service. Mortar Group is a premier real estate investment firm focused on multifamily properties in both ground up and value add projects in the competitive markets of New York City since early 2000s. With over $300 million in assets under management and over 30 investments since inception, their fully integrated firm model allows Mortar to maximize efficiency and value across their investments in these niche markets. Mortar leverages over two decades of experience in architecture, development and asset management in their projects to build value and minimize risk for investors. Invest in tax efficient, high return, risk adjusted strategies with Mortar Group at https://whitecoatinvestor.com/mortar Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors. Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones  Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    MtoM #297: $170K Net Worth as a Military Resident

  8. Oct 15

    WCI #493: Invest vs. Pay Off Debt: What to Do with Extra Cash

    Many early investors struggle with the next best use of their money - paying off debt, investing for retirement, or even buying a practice can all be good choices. But how do you decide which is right for you? In this episode of the White Coat Investor Podcast, Dr. Tyler Scott delves into this deep topic for a listener who has this exact question: "Should I use my extra money to pay down debt, invest for the future, or buy a practice?" After Tyler walks through all the considerations of this decision, he answers another listener question about how to optimize your asset location between tax deferred and Roth accounts. This podcast is sponsored by Bob Bhayani at Protuity. 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 their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100. Articles mentioned in today's episode: https://www.whitecoatinvestor.com/my-two-asset-location-pet-peeves/  https://www.whitecoatinvestor.com/asset-location/  The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim 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. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  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

    WCI #493: Invest vs. Pay Off Debt: What to Do with Extra Cash
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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/

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