White Coat Investor Podcast

Today we are chatting with a physician who helped her parents pay cash for their car for the first time in their lives. She was vulnerable with us and shared that her parents don't have great financial habits and are going to need a lot of financial help from her. She has begun to educate them around how to be wise with their money and paying cash for the car was a big step for them. She knows tha...

We are answering a variety of your questions today. We start out talking about methods to save up for an early retirement. We answer a question from a listener who received an inheritance from a Canadian relative and they want to know if they should leave the money in Canada or bring it to the US. This question dives into political considerations. We then talk about the 4% rule and answer a questi...

Today we are chatting with a one doctor couple who paid off $205,000 in only six months! They took advantage of the payment pause during covid. During this time she got her practice started and once the pause lifted and her practice took off they went after the loans with a vengeance. They met with Andrew at StudentLoanAdvice.com to make sure they had a good plan. Then they poured all their extra...

Today we are talking about building a balanced portfolio and get into two different questions about asset location. We discuss TIPs and when and if you should use them. We get into portfolio allocation and discuss if it is too risky to have a 100% stock portfolio. We walk you through how to buy ETFs and end with a discussion around investing in films. If you are finding our podcasts informative an...

Today we are talking with a full time locums doc who has paid off his student loans. He is a child and adolescent psychiatrist and tackled about $400,000 in only 4 years. He refinanced a couple of times and he said it is debatable if that was the right choice, but at the end of the day he just made big payments and poured in everything he could until the loans were done. He said as a locums doc hi...

Today we are answering a variety of listener questions. We start out talking about if it is important to have a bank with a branch where you live. If you live in a smaller town should you move from a national or online bank to a smaller local bank or credit union? We then talk about how to save up for big purchases. If you have a big cost coming up like buying a house or a boat where should that m...

Today we are talking with a family doc who has reached financial independence. This doc has followed a path that not too many follow anymore. He is a solo practice doctor and feels like his decision to own his own practice made all the difference in both his lifestyle and his finances. He took a risk to not only open his own practice but also to build and own the building he practices in. Impressi...

Today we are answering questions from our residents in the audience. We discuss saving vs investing, buying houses, physician loans, and Roth IRAs. Then we interview a recent graduate about to start his first job as an attending, and he walks us through his financial life to this point. If you want to learn how to do it right, you'll want to take notes. Today's episode is brought to us by SoFi , t...

Today we are talking with an academic plastic surgeon who is celebrating getting both PSLF and becoming a millionaire. He is just starting his 5th year of practice. He and his wife are both committed to financial literacy. They have a 30% savings rate and have no consumer debt. This doc shared that he didn't have great examples growing up of how to be wise with your money and said he had to unlear...

Today we are answering a variety of questions including how to understand and select employee stock ownership plans. We talk about things to think about when signing up for benefits at work including selecting disability insurance and the tax implications of that. We answer a question about a specific type of insurance called an SPDA. We end the episode with a question about private real estate fu...

Today we talk to a Pulmonologist who paid off nearly $300,000 of loans in less than 5 years. He shares that he initially operated under the ignorance is bliss mindset and opted to avoid worrying about his loans at all. Once he had a bit of a financial awakening, got married and started a family he realized he needed to get after the loans and take control of his financial life. He then made a goal...

This episode is all about retirement. We answer a handful of your questions from email, the Speakpipe and the forum. We talk about decumulation and how to start withdrawing from your investments. We talk about when and if you should increase your bond allocation as you are nearing or entering retirement. We talk about gift taxes, generational wealth and the best way to pass wealth to future genera...

Today we are chatting with a professor who has become a multimillionaire. His wife is a dentist who owns a private practice. They are both about 10 years out of training. They are debt averse and excel at tackling their goals. He said they have worked hard to pay off their mortgage, saved to build wealth, and they have also started their real estate journey by purchasing their first rental propert...

Today we are answering your tax questions and hopefully helping you learn how to hang on to more of your money by reducing your taxes where you can. We answer a few questions about capital gains taxes and Dr. Dahle explains how to limit those taxes but also reminds you, life is going well if this is something you are having to navigate. We answer a question about social security taxes, one about u...

Today we are talking with a hand surgeon later in his career who has become a multimillionaire. This inspiring doc shared his successes as well as his mistakes on his journey to becoming financially secure. He is a great example of not having to do it perfectly the second you get out of training. Slow and steady learning, growth and savings will pay off in the long run. He feels strongly about the...

Today we are talking with Robert Glazer. He is an entrepreneur, best-selling author, and will be a keynote speaker at WCICON26. We tackle topics like how to fix your life, and how to avoid burnout and money problems. The key to all of this is identifying your core values and living by them. We think you will find this conversation inspirational and motivational. Today's episode is brought to us by...

Our guest today is a plastic surgeon in the middle of his career. He is celebrating his financial security that has allowed him to take time to write a book. He spent the earlier part of his career saving, paying off his mortgage, and pouring money into his childrens 529 accounts. Education is hugely important to this doc and he wants to be sure his children have the opportunity to pursue any educ...

This episode is all about answering your investing questions. We start out by breaking down the financial details of a stock quote then discuss some good ways to track returns in your portfolio. We answer a question about investing in bonds for the first time, then discuss if it is worth investing in gold. We answer a questions about investing in private equity, then tackle tax loss harvesting and...

Today we are talking with a doc who is celebrating the youth hockey team he coaches winning a state championship. He tackled his financial goals early and has reached coast FIRE. That financial security has allowed him to change his work schedule to make enough time for family and coaching. He is a great example of the power of getting your finances in line and how that allows you to create the li...

Today we are talking about 529 accounts and how to invest them as well as how to spend them down. There are a lot of ways to help fund your children's education. Most families use a combination of 529 accounts, loans, other savings and cash flow. If you have access to a 529 account it is generally recommended to spend that down before moving to other forms of funding. In addition to discussing way...

Today we are talking with a doc just starting his third year of residency and he already has $100,000 in assets. He had his financial awakening his final year of medical school and has hit the ground running. He has a savings rate of over 40% and has done an amazing job keep their fixed expenses low. He has no car payment, no kids, cheap rent, and is living like a resident should. He found a moonl...

Our guest today is Dr. Dimitrios Tsatiris. He is a practicing psychiatrist and author. Outside of his clinical practice he has a passion for helping docs avoid burnout. He and Dr. Dahle discuss why so many physicians are struggling with burnout, why we should talk about burnout on a financial podcast, how perfectionism and stoicism plays into all of this and what we can do to take care of ourselve...

Today we are celebrating a psychiatrist who opened a private practice and paid off her student loans only a few years out of residency. She said she is very debt averse and poured every dollar she could to crushing the loans. Not only did she tackle her loans but she also opened a private practice at the same time. She wanted to provide the highest quality of care for her patience and believed pri...

Today we are talking about everyone's favorite topic - the Backdoor Roth! We are answering questions about common mistakes for the Backdoor Roth IRA as well as having a larger discussion around what the Mega Backdoor Roth is, who it makes sense for, and how to make the most of it. Today's episode is brought to us by SoFi , the folks who help you get your money right. Paying off student debt quickl...

Today we have a guest coming on the show for the second time. He was on about 3 years ago after he paid off his student loans. Today he is back to celebrate paying off his wife's student loans, as well as becoming a Millionaire. He said it has been surprising how easy it has been to reach these milestones. They have their priorities set, a written financial plan in place, a mission statement for t...