White Coat Investor Podcast
747 episodes - English - Latest episode: 20 days ago - ★★★★★ - 2.2K ratingsHost, 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/
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
WCI #297: A Wealth Of Common Sense with Ben Carlson
January 12, 2023 07:30 - 54 minutes - 75.7 MBBen Carlson is our guest on the podcast today. He is a financial advisor, author, blogger, podcaster and self professed introvert. Todays discussion will have a little something for everyone as they cover a broad range of topics from inflation to crypto currency to how to pick an asset allocation and stick to it. They also get into more philosophical topics such as how to not let money ruin your life. Do you ever find yourself wishing there was somewhere to go to ask your finance, insuranc...
MtoM #100 - Millionaire Status Achieved
January 09, 2023 07:30 - 16 minutes - 23.7 MBThis doc hit his first million just a few years out of residency. He advises med students to choose their specialty wisely and avoid unnecessary debt. The specialty you choose makes such a big impact on your financial future. But no matter what your income is you still have to have a financial plan and stick to it! Learn more here: https://www.whitecoatinvestor.com/investing/you-need-an-investing-plan/ The sponsor of this episode, 37th Parallel is a private multifamily acquisitions and a...
WCI #296: Charitable Giving and Bonds
January 05, 2023 07:30 - 1 hour - 96.3 MBToday Dr. Dahle and Dr. Spath answer your questions about Charitable giving. They get into the details of charitable gift annuities, what level of transparency churches are required to have in regards to donations, answer if it is better to donate appreciated stock for charity or to use it to offset capital losses, as well as share their favorite ways to donate. After all of that they tackle an array of questions about bonds. If you’re looking to Boost Returns, Lower Taxes & Build Wealth,...
MtoM #99 - Doc Pays Off Student Loans 8 Months Into Attendinghood
January 02, 2023 07:30 - 17 minutes - 25 MBThis doc paid off his student loans in record time. He took on several moonlighting jobs during residency in order to pay down his loans while still in training. He had paid off $287,000 only 8 months into his first attending job. We think you will find his story motivating and inspiring! Want to learn more about moonlighting? Check out this article: https://www.whitecoatinvestor.com/financial-considerations-for-moonlighting-physicians/ This episode is sponsored by All Global Circle. You...
WCI #295: Your Money Or Your Life with Vicki Robin
December 29, 2022 07:30 - 1 hour - 89.3 MBToday 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 pe...
MtoM #98 - Entrepreneur Takes New Product to Market
December 26, 2022 07:30 - 31 minutes - 43.5 MBThis episode features an entrepreneur who is launching a new product and after five years of work it is finally ready for consumers. He shares his insights into what is required to create a product and take it to market. It is a long journey with a lot of ups and downs and even more learning but he believes anyone can do it. Interested in becoming an entrepreneur or creating some passive income? Check this post out: https://www.whitecoatinvestor.com/enterpreneurship-and-passive-income/ T...
WCI #294: Finance For the Whole Family
December 22, 2022 07:30 - 46 minutes - 64.3 MBToday we answer your questions about what we are calling family finances. We tackle 529s, dependent care FSAs, what to do when you can't live like a resident, how to get your spouse involved in the finances, and roth accounts for kids. We also hear from Andrew of https://StudentLoanAdvice.com with an update on what on earth is going on with the student loan situation. If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to pr...
MtoM #97 - Doc Pays Off $360,000 of Student Loans and Hits Millionaire Status
December 19, 2022 07:30 - 14 minutes - 20.2 MBThis doc reached two big milestones! She paid off her student loans and reached millionaire status just five years out of residency. This dual doc household has been taking advantage of working a little less now that they have their financial ducks in a row. Her advice to you? Maximize your retirement accounts while paying off your loans. Learn more about retirement accounts here: https://www.whitecoatinvestor.com/comparing-retirement-accounts/ This podcast is sponsored by Bob Bhayani at ...
WCI #293: Life after Financial Independence
December 15, 2022 07:30 - 58 minutes - 81.9 MBWe 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 ha...
MtoM #96 - Periodontist Pays Off $780,000 of Debt
December 12, 2022 07:30 - 22 minutes - 31 MBThis 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/ Get the CompHealth experience and learn how locum tenens can h...
WCI #292: Workplace Retirement Accounts
December 08, 2022 07:30 - 1 hour - 87.2 MBToday we are tackling all of your retirement account questions. This is a favorite subject here at WCI and we get a lot of questions about these accounts. We talk about 403(b)s, 457(b)s, mega backdoor roths, defined benefit plans and so much more. 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, a...
MtoM #95 - Emergency Doc is Back to Broke
December 05, 2022 07:30 - 17 minutes - 23.8 MBThis doc shows us that there is more than one way to go about getting back to broke. He has focused on saving, building some wealth and investing in those retirement accounts rather than putting everything he has towards student loans. He is also celebrating paying cash for a new car rather than taking on a big payment. Curious if you should pay off your student debt or invest first? Check out this article: https://www.whitecoatinvestor.com/pay-off-debt-or-invest/ This podcast is sponsore...
WCI #291: Tax Loss Harvest Before Year End
December 01, 2022 07:30 - 1 hour - 106 MBToday we get into the weeds of tax loss harvesting. With the current state of the market it looks like there are a lot of out there who have decided to tax loss harvest. Today we answer your questions about the wash sale rule as well as discuss if adding some complexity to your portfolio could create more opportunity to tax loss harvest. We also tackle some questions about taxes, the ROBS program and how to minimize your taxes as a 1099 employee. At some point in our financial lives, it wi...
MtoM #94 - ER Doc Pays Off Student Loans In 18 Months
November 28, 2022 07:30 - 13 minutes - 13.2 MBThis ER Doc paid off his student loans in just 18 months! How did he do it? He gave himself a 10% raise and continued to live like a resident and didn't feel like he was giving anything up despite living on a relatively small portion of his income. Want to get out of debt fast? Check out this post: https://www.whitecoatinvestor.com/how-fast-can-you-get-out-of-debt/ Get the CompHealth experience and learn how locum tenens can help you pay off student loan debt faster and add flexibility t...
WCI #290: Thankful on Thanksgiving
November 24, 2022 07:30 - 50 minutes - 69.8 MBFor this episode we asked our listeners to leave us a message telling us what they are thankful for. It was clear that many of us realize how important good health is! It was wonderful and uplifting to hear from our listeners. Andrew from Student Loan Advice joins us for a few minutes to give an update on what is going on with the student loans. We also have Dr. Taniguchi, one of our Keynote speakers for WCICON tell us about what he will be talking about at the conference. I estimate that...
MtoM #93 - Dermatology Resident Dumps His Lease
November 21, 2022 07:30 - 17 minutes - 24.8 MBThis derm resident has just begun his journey to financial independence. He is learning from mistakes made in his early years and changing his ways. Today we celebrate one of the first of what will surely be many financial milestones for him! He dumped his lease and bought a beater that he now owns outright. He is now saving for his family's future. If you want to learn more about saving while still in residency, check out this article: https://www.whitecoatinvestor.com/the-five-big-money-i...
WCI #289: Is It Tacky to Talk About Money?
November 17, 2022 07:30 - 37 minutes - 52.4 MBToday we cover a broad range of topics from employee stock purchase plans to how to move on after you make a financial mistake. We discuss the difference between a traditional workplace 401(k) and a solo 401(k). We talk about 457(b)s, tax implications of K1 form upon partnership, and answer if you can have a solo 401(k) for each 1099 contract you have. We start this episode off discussing whether it is a good idea or not to be public about how much money you make and what you do with your mo...
MtoM #92 - Emergency Physician Gets Back to Broke
November 14, 2022 07:30 - 15 minutes - 22.1 MBThis new attending figured out early the importance of having a plan and sticking to it. Now just one year out of residency he has gotten back to broke and is growing his networth fast. He shows us that with just a little research and effort you can set yourself up for success. Want to learn how to be a DIY investor? Check out this post: https://www.whitecoatinvestor.com/how-to-be-a-do-it-yourself-investor/ PearsonRavitz are Disability and Life Insurance Advisors founded BY and FOR physi...
WCI #288: Real Estate Q&A
November 10, 2022 06:30 - 43 minutes - 60.9 MBToday we are talking all about real estate. We give some guidance on asset allocation with real estate and where to put your money if you are saving up for a big real estate investment. We discuss if it is a good idea to have an LLC for real estate investments and if it is possible to negotiate your rent in this market. We talk about the importance of cash cushions in retirement and I answer if we are rethinking our investment mix since creating our new, No Hype Real Estate course. The short...
MtoM #91 - OBGYN Builds Wealth
November 07, 2022 06:30 - 18 minutes - 25.3 MBDr. Spath interviews an OBGYN doc in his final year of residency. He has managed to pay off a significant amount of loans, save an emergency fund, and contribute to a Roth IRA with a wife and 4 children while in residency on 1 income. How did he do it? They have a written financial plan, a budget and a save first mindset. He teaches us that even as a resident you can save money and pay down debt. Want to learn more about emergency funds? Check out this post: https://www.whitecoatinvestor.com...
WCI #287: House Hacking With Dr. Ayush Gupta
November 03, 2022 06:30 - 48 minutes - 68.1 MBToday we have a great guest on the podcast. Dr. Ayush Gupta is a pediatric emergency physician who started https://MDHouseHacking.com He will be teaching us all about what house hacking is, what the benefits and risks are, how to find great tenants, whether long or short term rentals are better, and why he thinks this is the best way for residents and even med students to get started with real estate investing. If you’re looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI mo...
MtoM #90 - Orthopedic Surgeon Builds Wealth By Living Like a Resident
October 31, 2022 06:30 - 16 minutes - 23.6 MBThis doc shows us how quickly you can build wealth by living like a resident. He talks about the importance of learning to invest early and to begin investing as early as possible. Living like a resident doesn't mean you don't get to enjoy life. You can still take trips, or go to your favorite restaurant. But you also pay yourself first, invest in your retirement accounts and save more than you spend. Learn more about how to live like a resident here: https://www.whitecoatinvestor.com/live-l...
WCI #286: Comparing Retirement Accounts
October 27, 2022 06:30 - 41 minutes - 58.1 MBToday we are answering your questions about retirement accounts. We discuss SEP IRAs, Roth IRAs versus traditional, 403(b) versus 457(b) and more. We also answer some questions about pregnancy and healthcare and comparing safer investments. We have three guests on today from one of our recommended financial advisors, Personal Choice Financial Advisors. They will tackle a few of your questions to help you get a sense of who they are. The White Coat Investor is proud to introduce our No Hype...
MtoM #89 - Pediatric Hospitalist Pays Off $270,000 in Student Loans
October 24, 2022 06:30 - 17 minutes - 24.7 MBThis pediatric hospitalist said that while consistency and discipline may not be glamorous, they sure are effective. This doc understands the meaning of stay the course! Get a financial plan in place and stick with it and you too can knock out those student loans and begin to build wealth. Learn more about building wealth as a physician here: https://www.whitecoatinvestor.com/building-physician-wealth/ PearsonRavitz are Disability and Life Insurance Advisors founded BY and FOR physicians....
WCI #285: Physician Assistant Financial Education
October 20, 2022 06:30 - 54 minutes - 76.2 MBToday we are interviewing PAs, Beth Macintire and Katie Bean. We know that most of our audience are physicians and dentists, but there is a healthy segment of you out there that are other medical professionals, such as PAs, as well as nonmedical professionals. This group is still a six-figure income, but maybe not the higher incomes that many doctors have. A lot of the information in this discussion applies not just to PAs, but to many of those other kinds of professionals as well. Today we ...
MtoM #88 - Sports Medicine Doc Pays Off $287,000 in 2 Years
October 17, 2022 06:30 - 15 minutes - 21.9 MBWe love to showcase that no matter what your income is you can pay down your loans and build wealth! This doc demonstrates just that. By making good financial decisions and being consistent you will find yourself on your way to financial independence. Find 7 helpful steps for doctors to pay off student debt quick here: https://www.whitecoatinvestor.com/how-to-pay-off-medical-school-loans-in-less-than-2-years/ Get the CompHealth experience and learn how locum tenens can help you pay off s...
WCI #284: HSAs, 529s, and Donor Advised Funds
October 13, 2022 06:30 - 56 minutes - 78.8 MBDr. Dahle and Dr. Spath tackle your questions around HSAs—specifically the reimbursement process and if you can reimburse yourself for past expenses before the HSA is open. Hint: You cannot! They also get into opening 529 accounts for family members that are not your children. They talk about charitable giving and the fees that are often associated with that as well as donor advised funds and asset allocation inside of those. They answer a few different asset allocation questions, which is a...
MtoM #87 - Flight Surgeon Building Wealth
October 10, 2022 06:30 - 16 minutes - 23.3 MBYou can still build wealth with a low 6 figure income. You will have to be a lot more deliberate about your finances but this doctor demonstrates how this can be done. Find more financial advice for “low income” doctors here: https://www.whitecoatinvestor.com/financial-advice-for-low-income-doctors/ DLP is a familiar name within the WCI community as long time members of our investment opportunities list. If you want to invest with a high-growth IMPACT investor that believes in doing well...
WCI #283: Preparing Financially for the Unexpected with Dr. Josh Daily
October 06, 2022 06:30 - 47 minutes - 66 MBOur guest, Dr. Josh Daily, is a pediatric cardiologist who recently was diagnosed with a brain tumor. He wanted to share his experience of walking the path from diagnosis to healing. He shares his wisdom on how to prepare financially for the unexpected, including what he wishes he would have done differently. He also talks about the importance of cultivating relationships and making the most of life because you never know when your life will change. See the full show notes here: https://www...
MtoM #86 - Multimillionaire OBGYN
October 03, 2022 06:30 - 18 minutes - 26.2 MBThis physician has reached an 8 figure net worth by paying off debt early and investing in himself with a surgery center. His advice is to not try to keep up with appearances, pay yourself first, and be the tortoise not the hare. You will win the race. He is clearly financial independent but continues to practice medicine. If that sounds like you, check out things to do besides retire when you reach financial independence. https://www.whitecoatinvestor.com/8-things-to-do-with-financial-inde...
WCI #282: Fiduciary Financial Advisors
September 29, 2022 06:30 - 44 minutes - 62.2 MBIn this episode Dr Dahle talks about fiduciaries and financial advisors. The best way to think of the word fiduciary is to think of it as a person that puts your needs ahead of their needs. There are some financial professionals that have a legal fiduciary duty to you but there are a lot of people out there who call themselves financial advisors who don't actually have a fiduciary duty to you. We discuss what you can do when someone does not act as a fiduciary. We also answer your questions ...
MtoM #85 - Nurse Practitioner Millionaire
September 26, 2022 06:30 - 20 minutes - 27.9 MBTraining yourself to not be a spender is the way to build wealth.This nurse practitioner excelled at it. Everyone says they want to be a millionaire but what they really want to do is spend a million dollars. You become a millionaire by not spending a million dollars that you could have spent. Don’t give into these ways that people spend too much money. https://www.whitecoatinvestor.com/ten-reasons-doctors-spend-too-much-money/ Get the CompHealth experience and learn how locum tenens can...
WCI #281: Physician Entrepreneurism and Venture Capital With Dr. John Shufeldt
September 22, 2022 06:30 - 45 minutes - 63.2 MBThis episode Dr. Dahle interviews Dr. John Shufeldt. He has had a pretty remarkable career in entrepreneurship. Dr. Shufeldt talks to us about physicians being entrepreneurs and the life cycle of starting up a business. He walks through how to scale, mistakes he made over the years, raising money, selling your business and so much more. See the full show notes here: https://www.whitecoatinvestor.com/physician-entrepreneurism-and-venture-capital-with-dr-john-shufeldt-281 If you’re like mo...
MtoM #84 - Primary Care Doc Gets Back to Broke
September 19, 2022 06:30 - 14 minutes - 19.9 MBThis doctor shows that you can be successful in primary care even with a large loan burden. You can do it in a lot of different ways. All you have to do is become financially literate, have some kind of a plan, have a reasonable amount of financial discipline and you will make progress. You will have the success that you want. This post will help you get a plan: https://www.whitecoatinvestor.com/how-to-write-an-investing-personal-statement/ This podcast is brought to you by MLG Capital. ...
WCI #280: Asset Allocation, International Stocks, Bonds, Small and Mid-Cap Value Factors
September 15, 2022 06:30 - 54 minutes - 75.1 MBThis episode Dr. Dahle talks about asset allocation. We discuss if your asset allocation should ever change and specifically if it should change in retirement or after you are financially independent. We discuss if it is even worth investing in international when US stocks are doing so well. Bonds continue to disappoint, and we continue to give the same message—stay the course. Once we talked all about asset allocation and investing, we move on to what you do once you have invested your mone...
MtoM #83 - Anesthesiologist Gets Back to Broke
September 12, 2022 06:30 - 15 minutes - 21.7 MBThis doctor really got back to broke over just one year after having a negative $410K net worth. Take the power of that first year out of training and use it to build wealth. Living like a resident really works! https://www.whitecoatinvestor.com/live-like-a-resident/ PearsonRavitz are Disability and Life Insurance Advisors founded BY and FOR physicians. This White Coat Investor-recommended agency grew out of one M.D.’s experience with a career-changing on-the-job injury. Today, PearsonRa...
WCI #279: Roth Options and Questions
September 08, 2022 06:30 - 1 hour - 85 MBThis episode we dive deep into all things Roth. We give a general review of what Roth is and then answer your questions about the backdoor Roth, different Roth accounts, when the backdoor process won't work, why we hate simple IRAs and more. We also discuss why so many docs are looking into side gigs and FIRE right now. Read the full show notes here: https://www.whitecoatinvestor.com/roth-options-and-questions-279 Did you know that the White Coat Investor not only has a podcast and a blog...
MtoM #82 - Gynecologist Gets Back to Broke
September 05, 2022 06:30 - 14 minutes - 20.8 MBThis 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/ A lot of physicians have questions about locum tenens, and locumstory.com is the place for them to get real, unbiased answer...
WCI #278: Recession Proof Investments
September 01, 2022 06:30 - 47 minutes - 65.7 MBIs 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 ...
MtoM #81 - Orthodontist Pays Off $540K In 4 Years
August 29, 2022 06:30 - 18 minutes - 25.1 MBDr. Spath interviews this orthodontist who paid off $540K in loans while living in a high cost of living area by refinancing to a lower rate and living below her means. It was easier than she thought it would be, turning it into a game. Having won that game she now has the freedom to cut back at work or explore other opportunities if her heart desires. Make a plan for your loans and get it done. If you need help with that plan check out https://studentloanadvice.com/ DLP is a familiar nam...
WCI #277: Nonclinical Work for Physicians
August 25, 2022 06:30 - 50 minutes - 69.9 MBThis 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 ...
MtoM #80 - Dual Physician Couple Pays off Loans and Becomes Millionaires
August 22, 2022 06:30 - 13 minutes - 18.8 MBThis hospitalist and family medicine doctors are 7 years out of training. Already they have paid off $550K in school loans, $50K in credit card debt and reached millionaire status, practicing moderation in all things. As graduates of a Caribbean medical school, they took the gamble https://www.whitecoatinvestor.com/international-medical-school-the-biggest-gamble-of-your-life/ and it paid off. PearsonRavitz are Disability and Life Insurance Advisors founded BY and FOR physicians. This Wh...
WCI #276: 529s, I bonds, TIPS, S Corps, ETFs and 403(b)s
August 18, 2022 06:30 - 31 minutes - 43.8 MBThis episode Dr. Dahle covers a variety of your questions. We talk about when it is worth passing cash through a 529 account and if you should use 529s to fund K-12 educations. We talk about how interest on iBonds works and go into why TIPs have been performing pretty poorly as of late. We dive into the tax implications for S Corps and talk about why it is not a great idea to purchase ETFs after hours. See the full show notes here: https://www.whitecoatinvestor.com/529s-i-bonds-tips-s-corps...
MtoM #79 - Pilot Gets Back to Broke
August 15, 2022 06:30 - 13 minutes - 19.2 MBThis airline pilot has a net worth of $50K having paid off $78K in flight school loans, 2.5 years out of training. His income has only been $28K- $110K/year. His secrets to success? Working really hard and having a plan for every dollar. If your budgeting skills could use some help, check out this article. https://www.whitecoatinvestor.com/how-to-set-up-a-budget/ This podcast is brought to you by the Peak Housing REIT, an investment opportunity that enables you to passively invest in sing...
WCI #275: The Buy, Borrow, and Die Strategy
August 11, 2022 06:30 - 36 minutes - 50.5 MBIn this episode Dr. Dahle discusses the buy, borrow, and die strategy.The basic idea is that it might be better to pay interest than it is to pay capital gains. We also answer a big variety of your other questions. We tackle subjects like capital gains, disability policies for mental health, debt funds, enhanced cash management portfolio, title insurance and more. See the full show notes here: https://www.whitecoatinvestor.com/the-buy-borrow-and-die-strategy-275 Getting quality disabilit...
MtoM #78 - Oncologist Multimillionaire
August 08, 2022 06:30 - 18 minutes - 26 MBIf you save enough, you really can save yourself to financial independence. This guest was not a big spender and still has a lot of her money in cash. She has now left her clinical work and is filling her time with many interesting activities. Your 50s are not too late to learn to invest. It is never too late to start saving https://www.whitecoatinvestor.com/late-start-retirement-savings/ PearsonRavitz are Disability and Life Insurance Advisors founded BY and FOR physicians. This White C...
WCI #274: Setting Up Your Portfolio 101
August 04, 2022 06:30 - 47 minutes - 66 MBIn this episode Dr. Dahle reviews the basics of how to set up your portfolio. This can feel like a big and overwhelming job at the front end, but if you follow some basic steps you will see there really isn't all that much to it. The great part of setting up your portfolio is that once you do it, you can stick with it forever with very few changes. We will also answer a handful of your questions about portfolio allocation, HSAs vs. FSAs, ESOPs and which retirement accounts to fund first. See...
MtoM #77 - Radiology Resident Gets Back to Broke
August 01, 2022 06:30 - 15 minutes - 21.4 MBBack to broke, the first milestone! This resident has a positive net worth of $25k and is very excited to be back to broke. As a couple they learned to live off one income and use the other income to build wealth and pay off debt. Get in the habit of saving something as a resident. You won’t get rich as a resident but you are building habits that will bring wealth as your income increases. Here is a financial guide for all you residents to follow! https://www.whitecoatinvestor.com/financial...
WCI #273: Tax Credits and Passive vs. Actively Managed Funds
July 28, 2022 06:30 - 47 minutes - 66.7 MBIn 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.whiteco...
MtoM #76 - Naturopathic Medicine Physician is Back to Broke
July 25, 2022 06:30 - 16 minutes - 22.4 MB6 years out of training this doctor is back to broke! With an income range between $100K- $200K, what helped her the most was bargaining hard for more pay. Increasing your income can speed you up on your financial goals. Learn 3 tips for negotiating here: https://www.whitecoatinvestor.com/3-negotiation-tips/ SoFi has exclusive rates and offers for Medical Professionals, which could help you save thousands by refinancing your student loans. If you’re still in residency, SoFi offers a lower...