Host, Dr. James Dahle, is a practicing emergency physician and founder of the White Coat Investor Blog. Like the blog, the White Coat Investor Podcast, is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor—or, at least know enough to not get ripped off by a financial advisor! We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Learn more at http://whitecoatinvestor.com/
WCI #209: Travel Hacking with Physician on Fire
For 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. He also answers many questions about bonds and their role in your portfolio, as well as maximizing the 199A deduction, turnover rates in index funds, and understanding your taxes on side income.
MtoM #12 - Financially Independent by 31
The 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/
WCI #208: Annuities and Cash Secured Puts in Low Yield Times
In 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 cloudy, 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.
MtoM #11 - $145K Paid Off in 6 Months
Dr. Asad’s hyper focus on paying off his student loan debt and living like a resident after residency, enabled him pay off his debt only 6 months out of residency. Utilizing geographical arbitrage and being a dedicated nocturnist were keys to his success. Live like a resident and gain your freedom from debt! https://www.whitecoatinvestor.com/live-like-a-resident/
WCI #207: The Delusions of Crowds with Bill Bernstein
Bill Bernstein is one of the smartest people we know in the investing world. Listen to this interview with Dr. Bernstein about his new book, The Delusions of Crowds and you will see why. The book is about religion and finance and is Bill’s attempt to explain to a secular audience the current polarization of American politics and culture. We really like his focus on financial history. We discuss past manias, mass delusions, and bubbles while comparing them to today’s world.
MtoM #10 - Millionaire 5 years Post Residency
Jacque reached a net worth of a million dollars five years out of training. She practices outpatient internal medicine and is a military doctor with the National Guard. How did she become a millionaire so quickly? She prepared a plan for her finances while she was in medical school. Still need a financial plan? Check out https://www.whitecoatinvestor.com/investing/you-need-an-investing-plan/
Extremely helpful and concise
I’m a fourth year medical student in California who found Dr. Dahle’s podcast and website a few months back. Been listening to this every day! Each podcast has its own learning objectives and even if you don’t remember a topic discussed in that podcast, another one will address it and so you’ll really solidify the info one way or another. One of the best finds of this year!
5 stars for WCI
WCI has had an unmeasurable impact on my family’s financial picture and Jim’s straitforward approach is logical and simple. It is exactly what doctors need to hear and do. We are easy targets for get rich quick schemes and WCI has educated me on how to avoid these, save way more than I ever thought I was going to, and follow the plan to true wealth building.
I started with the blog, I have read the books and have purchased themfor others, and now I enjoy and often share the podcasts.
Jim- the strength in what you do is constantly repeating the basic tenets. It reminds us all to stick to the plan and keep it simple.
Mandatory listening if you want to survive in our society
Capitalism is fundamentally exploitative. You do all the work, but the owning class get all the profits. If you own shares in companies, you are tangentially participating in stealing profits from their workers, which is immoral. However, you have no choice but to participate in this system if you want to survive and actually have a semi-decent retirement, and this excellent podcast will help you do that. After becoming a fan of WCI content and consuming a lot of the content across multiple mediums, I’ve learned to become mindful with my spending, saving, and investing. I’ve learned how to invest for the long term with cheap index funds, and have a sensible asset allocation. I’ve asked both stupid and less stupid questions on the speak pipe, all of which Dr. Dahle has been kind enough to answer. Hats off to you, thank you, and you’ve earned a permanent fan.