White Coat Investor Podcast

WCI #313: The Proposed Ban on Non-Compete Contracts and Whether It's Fair

04 May 2023

Contributed by Lukas

Today we are answering your questions from the speak pipe. We talk about if a medical reimbursement plan is a good option for a private practice, we t...

MtoM #116 - ER Doc Builds Wealth and Pays Off $344,000 in 2 1/2 Years

01 May 2023

Contributed by Lukas

This ER Doc has worked hard since finishing residency and has not only paid off $344,000 in 2 1/2 years,. but he also managed to build wealth and buy ...

WCI #312: Generational Wealth and Teaching Your Kids About Money

27 Apr 2023

Contributed by Lukas

Our 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 mon...

MtoM #115 - Doc Pays Off Student Loans in 30 Months

24 Apr 2023

Contributed by Lukas

This doc paid off his student loans in only 30 months. He said the freedom of being out of debt is allowing him and his family create a better work li...

WCI #311: Asset Location

20 Apr 2023

Contributed by Lukas

Today we are answering your questions off the speak pipe. Many of those questions are in regards to asset location. We talk about weighing tax efficie...

MtoM #114 - Pathologist and Anesthesiologist Get Back to Broke

17 Apr 2023

Contributed by Lukas

This dual physician couple who are fresh out of training are back to broke! They have worked hard to budget, make a financial plan and grow their net ...

WCI #310: The Wage Gap in Medicine

13 Apr 2023

Contributed by Lukas

Our guest on the podcast today is Dr. Shikha Jain. She has devoted her life not only to medicine but to helping women in medicine. She shares her know...

MtoM #113 - Paid Off Student Loans and Bought a Car With Cash

10 Apr 2023

Contributed by Lukas

This 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 h...

WCI #309: Taxes

06 Apr 2023

Contributed by Lukas

It's that time of year where we have lots of questions about taxes. Today we talk about how to file an amendment to your 2022 tax return. The good new...

MtoM #112 - Family Physicians Start Direct Primary Care Practice

03 Apr 2023

Contributed by Lukas

This doc is our second returning guest. Since she paid off her student loans in August of 2021 her and her husband were able to take a financial risk,...

WCI #308: Overcoming a Late Start

30 Mar 2023

Contributed by Lukas

Today we talk to a doc who got a late start on his financial journey. He shares his experience of over inflating his life style for nearly 20 years af...

MtoM #111 - Internal Medicine Doc Becomes a Millionaire

27 Mar 2023

Contributed by Lukas

This internal medicine doc has become a millionaire not long out of training. He has lived like a resident and saved a huge portion of his income. Thi...

WCI #307: Private Real Estate Versus REITs

23 Mar 2023

Contributed by Lukas

Today we are answering more of your real estate questions. We discuss if it is a good idea to have your rental properties in an LLC, if you can claim ...

MtoM #110 - New York Physician Pays Off Student Loans

20 Mar 2023

Contributed by Lukas

This New York City doc paid off $375,000 in only five years. This is a dual physician couple that wanted to get rid of both of their loans as quickly ...

WCI #306: Using Retirement Accounts

16 Mar 2023

Contributed by Lukas

Today we are answering your questions about retirement accounts. This is a topic that comes up a lot from readers and listeners and that is because it...

MtoM #109 - Geriatrician Pays Off Student Loans

13 Mar 2023

Contributed by Lukas

This geriatrician paid off his student loans and achieved a net worth of $350,000 only 4 years out of training. He shows that you can make big financi...

WCI #305: Navigating a Law Suit

09 Mar 2023

Contributed by Lukas

Today we interview a doc who shares their experience of navigating a law suit. While he keeps the details of the case private he shares what he learne...

MtoM #108 - Hospitalist Pays off $350,000 in 18 months

06 Mar 2023

Contributed by Lukas

This hospitalist tackled her $350,000 of debt in only 18 months. This physician duo got on the same financial page early in their relationship. They b...

WCI #304: Roth's, 401(k)s and 529s

02 Mar 2023

Contributed by Lukas

We always know when it is the beginning of the year because we get so many questions about retirement accounts and everything related to them. This ep...

MtoM #107 - Cardiologist Becomes a Millionaire

27 Feb 2023

Contributed by Lukas

This cardiologist became a millionaire just 3 1/2 years out of residency. He shares with us his tips for how he achieved this milestone - live on less...

WCI #303: A Random Walk Down Wall Street with Burton Malkiel

23 Feb 2023

Contributed by Lukas

Our 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 ...

MtoM #106 - ER Doc Becomes a Millionaire Only 3 Years Out of Training

20 Feb 2023

Contributed by Lukas

This is our first Milestones to Millionaire guest to come on the podcast twice! First we celebrated him paying off his student loans and he is back ag...

WCI #302: Where to Store Your Money

16 Feb 2023

Contributed by Lukas

Today on the podcast we are answering your questions covering an array of topics. We spend some time on where the best place to save your money is whe...

MtoM #105 - Public Health Dentist Pays Off Student Loans

13 Feb 2023

Contributed by Lukas

Today we hear from a general dentist who works in public health. She explains her path to paying off her students loans only 4 1/2 years into practici...

WCI #301: I Will Teach You To Be Rich

09 Feb 2023

Contributed by Lukas

Today our guest is Ramit Sethi, of I Will Teach You To Be Rich. He has been blogging since 2004 and since then has become a podcaster, author, teacher...

MtoM #104 - Dual Physician Couple Pay Off Loans During Residency

06 Feb 2023

Contributed by Lukas

This dual physician couple tackled their student loans and built a net worth of $250,000 while still in residency! How did they do it? A commitment to...

WCI #300: Introduction to the Secure Act 2.0

02 Feb 2023

Contributed by Lukas

Today Dr. Dahle walks you through what changes are coming with Secure Act 2.0. He will take you through everything step by step to hopefully make sens...

MtoM #103 - Anesthesiologist Pays Off $369,000 in Four Years

30 Jan 2023

Contributed by Lukas

This anesthesiologist pays off a huge student loan debt in only 4 years! He shares how he felt when the government froze loan payments after he had be...

WCI #299: Grab Your Slice with Monica Scudieri

26 Jan 2023

Contributed by Lukas

Today Dr. Spath has a great conversation with Monica Scudieri. She is a personal finance coach, author, and blogger who has over ten years of experien...

MtoM #102 - Psychiatrist Reaches Half Million Net Worth

23 Jan 2023

Contributed by Lukas

This psychiatrist shares that she was almost surprised when she realized she had reached this milestone of a half a million dollar net worth. When com...

WCI #298: Leaving a Bad Advisor

19 Jan 2023

Contributed by Lukas

Today Dr. Dahle answers a wide variety of your questions including what HSA contribution rules are, the importance of spending money instead of just s...

MtoM #101 - General Dentist Buys Private Practice

16 Jan 2023

Contributed by Lukas

Today on the podcast we chat with a general dentist about his journey from the military to private practice. Not only has he purchased a practice but ...

WCI #297: A Wealth Of Common Sense with Ben Carlson

12 Jan 2023

Contributed by Lukas

Ben Carlson is our guest on the podcast today. He is a financial advisor, author, blogger, podcaster and self professed introvert. Todays discussion w...

WCI #296: Charitable Giving and Bonds

05 Jan 2023

Contributed by Lukas

Today  Dr. Dahle and Dr. Spath answer your questions about Charitable giving. They get into the details of charitable gift annuities, what level of t...

MtoM #99 - Doc Pays Off Student Loans 8 Months Into Attendinghood

02 Jan 2023

Contributed by Lukas

This 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 i...

WCI #295: Your Money Or Your Life with Vicki Robin

29 Dec 2022

Contributed by Lukas

Today 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 di...

MtoM #98 - Entrepreneur Takes New Product to Market

26 Dec 2022

Contributed by Lukas

This 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 ins...

WCI #294: Finance For the Whole Family

22 Dec 2022

Contributed by Lukas

Today 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 r...

MtoM #97 - Doc Pays Off $360,000 of Student Loans and Hits Millionaire Status

19 Dec 2022

Contributed by Lukas

This doc reached two big milestones! She paid off her student loans and reached millionaire status just five years out of residency. This dual doc hou...

WCI #293: Life after Financial Independence

15 Dec 2022

Contributed by Lukas

We 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...

MtoM #96 - Periodontist Pays Off $780,000 of Debt

12 Dec 2022

Contributed by Lukas

This 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...

WCI #292: Workplace Retirement Accounts

08 Dec 2022

Contributed by Lukas

Today 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 accou...

MtoM #95 - Emergency Doc is Back to Broke

05 Dec 2022

Contributed by Lukas

This 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 t...

WCI #291: Tax Loss Harvest Before Year End

01 Dec 2022

Contributed by Lukas

Today 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 t...

MtoM #94 - ER Doc Pays Off Student Loans In 18 Months

28 Nov 2022

Contributed by Lukas

This 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...

WCI #290: Thankful on Thanksgiving

24 Nov 2022

Contributed by Lukas

For 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 importan...

MtoM #93 - Dermatology Resident Dumps His Lease

21 Nov 2022

Contributed by Lukas

This derm resident has just begun his journey to financial independence. He is learning from mistakes made in his early years and changing his ways. T...

WCI #289: Is It Tacky to Talk About Money?

17 Nov 2022

Contributed by Lukas

Today 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 differe...

MtoM #92 - Emergency Physician Gets Back to Broke

14 Nov 2022

Contributed by Lukas

This 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 brok...

WCI #288: Real Estate Q&A

10 Nov 2022

Contributed by Lukas

Today 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 u...

MtoM #91 - OBGYN Builds Wealth

07 Nov 2022

Contributed by Lukas

Dr. 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...

WCI #287: House Hacking With Dr. Ayush Gupta

03 Nov 2022

Contributed by Lukas

Today we have a great guest on the podcast. Dr. Ayush Gupta is a pediatric emergency physician who started https://MDHouseHacking.com He will be teach...

MtoM #90 - Orthopedic Surgeon Builds Wealth By Living Like a Resident

31 Oct 2022

Contributed by Lukas

This 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 i...

WCI #286: Comparing Retirement Accounts

27 Oct 2022

Contributed by Lukas

Today we are answering your questions about retirement accounts. We discuss SEP IRAs, Roth IRAs versus traditional, 403(b) versus 457(b) and more. We ...

MtoM #89 - Pediatric Hospitalist Pays Off $270,000 in Student Loans

24 Oct 2022

Contributed by Lukas

This pediatric hospitalist said that while consistency and discipline may not be glamorous, they sure are effective. This doc understands the meaning ...

WCI #285: Physician Assistant Financial Education

20 Oct 2022

Contributed by Lukas

Today 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 se...

MtoM #88 - Sports Medicine Doc Pays Off $287,000 in 2 Years

17 Oct 2022

Contributed by Lukas

We 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 f...

WCI #284: HSAs, 529s, and Donor Advised Funds

13 Oct 2022

Contributed by Lukas

Dr. Dahle and Dr. Spath tackle your questions around HSAs—specifically the reimbursement process and if you can reimburse yourself for past expenses...

MtoM #87 - Flight Surgeon Building Wealth

10 Oct 2022

Contributed by Lukas

You 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 ...

WCI #283: Preparing Financially for the Unexpected with Dr. Josh Daily

06 Oct 2022

Contributed by Lukas

Our 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...

MtoM #86 - Multimillionaire OBGYN

03 Oct 2022

Contributed by Lukas

This 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 ...

WCI #282: Fiduciary Financial Advisors

29 Sep 2022

Contributed by Lukas

In 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 tha...

MtoM #85 - Nurse Practitioner Millionaire

26 Sep 2022

Contributed by Lukas

Training 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 ...

WCI #281: Physician Entrepreneurism and Venture Capital With Dr. John Shufeldt

22 Sep 2022

Contributed by Lukas

This episode Dr. Dahle interviews Dr. John Shufeldt. He has had a pretty remarkable career in entrepreneurship. Dr. Shufeldt talks to us about physici...

MtoM #84 - Primary Care Doc Gets Back to Broke

19 Sep 2022

Contributed by Lukas

This 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 ...

WCI #280: Asset Allocation, International Stocks, Bonds, Small and Mid-Cap Value Factors

15 Sep 2022

Contributed by Lukas

This episode Dr. Dahle talks about asset allocation. We discuss if your asset allocation should ever change and specifically if it should change in re...

MtoM #83 - Anesthesiologist Gets Back to Broke

12 Sep 2022

Contributed by Lukas

This 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...

WCI #279: Roth Options and Questions

08 Sep 2022

Contributed by Lukas

This 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, diffe...

MtoM #82 - Gynecologist Gets Back to Broke

05 Sep 2022

Contributed by Lukas

This 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 wor...

WCI #278: Recession Proof Investments

01 Sep 2022

Contributed by Lukas

Is 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 lik...

MtoM #81 - Orthodontist Pays Off $540K In 4 Years

29 Aug 2022

Contributed by Lukas

Dr. 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 livin...

WCI #277: Nonclinical Work for Physicians

25 Aug 2022

Contributed by Lukas

This 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 ...

MtoM #80 - Dual Physician Couple Pays off Loans and Becomes Millionaires

22 Aug 2022

Contributed by Lukas

This 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 a...

WCI #276: 529s, I bonds, TIPS, S Corps, ETFs and 403(b)s

18 Aug 2022

Contributed by Lukas

This 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 529...

MtoM #79 - Pilot Gets Back to Broke

15 Aug 2022

Contributed by Lukas

This 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- $110...

WCI #275: The Buy, Borrow, and Die Strategy

11 Aug 2022

Contributed by Lukas

In 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 capi...

MtoM #78 - Oncologist Multimillionaire

08 Aug 2022

Contributed by Lukas

If 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....

WCI #274: Setting Up Your Portfolio 101

04 Aug 2022

Contributed by Lukas

In 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 y...

MtoM #77 - Radiology Resident Gets Back to Broke

01 Aug 2022

Contributed by Lukas

Back 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 t...

WCI #273: Tax Credits and Passive vs. Actively Managed Funds

28 Jul 2022

Contributed by Lukas

In 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 ...

MtoM #76 - Naturopathic Medicine Physician is Back to Broke

25 Jul 2022

Contributed by Lukas

6 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...

WCI #272: Father and Son Physician Duo Does Direct Real Estate

21 Jul 2022

Contributed by Lukas

In this episode Dr. Dahle interviews a father and son physician duo. The father began a direct real estate business as he built his medical practice a...

MtoM #75 - Postdoc Pays Off High Interest Debt

18 Jul 2022

Contributed by Lukas

After not matching and doing a year postdoc before now being accepted into anesthesiology residency, this doctor accumulated $26K in credit card debt,...

WCI #271: Physician Online Advocacy with KevinMD

14 Jul 2022

Contributed by Lukas

We have a special guest on the podcast this episode, Kevin Pho, who you probably know better as KevinMD, social media's leading physician voice. We wi...

MtoM #74 - Urologist Millionaire

11 Jul 2022

Contributed by Lukas

Four years out of training this urologist had paid off $320K in student loans and reached millionaire status. Making a budget and focusing on paying o...

WCI #270: Tax-Loss Harvesting, Mortgages, Side Gigs and More!

07 Jul 2022

Contributed by Lukas

No surprise, when markets go down people start wondering about tax-loss harvesting. The markets are down over 24% on the year and it can really feel l...

MtoM #73 - Radiologist Pays Off Student Loans

04 Jul 2022

Contributed by Lukas

Radiologist pays off $75K. That may not seem like a lot. But he shares some great advice from his journey to being debt free, recognizing the sacrific...

WCI #269: Infertility Among Doctors

30 Jun 2022

Contributed by Lukas

Jim and Disha interview two women physicians on the podcast to enlighten us about all things financial in relation to fertility treatments, which is a...

MtoM #72 - Electrical Engineer Millionaire

27 Jun 2022

Contributed by Lukas

Financial success isn't complicated. It is straightforward but it isn't necessarily easy. This young engineer is a great example that you don't have t...

WCI #268: When Is It Time to Stop Being Cheap?

23 Jun 2022

Contributed by Lukas

In this episode we talk about when it is time to stop being so cheap and when to loosen the purse strings. For those of us that spend the many years o...

MtoM #71 - Neurologist Millionaire

20 Jun 2022

Contributed by Lukas

Dr. Dahle interviews this neurologist who graduated debt-free, matched into Neurology, made twice as much as the average neurologist, and is now, 8 ye...

WCI #267: Non Food Franchising

16 Jun 2022

Contributed by Lukas

Dr. Jim Dahle interviews our guest on this episode, Jon Ostenson. He is a very successful franchise broker. He specializes in an area that he calls no...

MtoM #70 - Academic Pharmacist Millionaire

13 Jun 2022

Contributed by Lukas

This pharmacist couple has a net worth of $1.6 million. Most of what they've made in the last 10 years, they still have!  Live below your means, have...

WCI #266: Employer Health Insurance Plans: PPO vs. HDHP

09 Jun 2022

Contributed by Lukas

This episode Dr. Dahle and Dr. Spath answer questions about health insurance. They talk about PPOs vs. HDHP plans. They discuss the difference between...

MtoM #69 - Graduating Medical School Debt Free

06 Jun 2022

Contributed by Lukas

Dr. Spath interviews a dermatology resident in this episode who finished medical school with zero debt. It is quite an inspiring story.  She had a fi...

WCI #265: Physician on FIRE Q&A

02 Jun 2022

Contributed by Lukas

This week is Fire Week at the White Coat Investor. Our episode is hosted by the Physician on Fire, Leif Dahleen. He will answer your questions about h...

MtoM #68 - Surgeon Builds Wealth By Living Like a Resident

30 May 2022

Contributed by Lukas

This 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 fr...

WCI #264: Interest Rates, Inflation, and I Bonds

26 May 2022

Contributed by Lukas

In this episode Jim Dahle answers your questions about interest rates, inflation, I bonds, where to put that money you are saving for a downpayment, s...

MtoM #67 - Family Doc Pays Off $184K

23 May 2022

Contributed by Lukas

This family doc paid of $184K+ in 3.5 years. Starting her financial education as an MS4 and continuing into residency, she had the confidence she was ...

WCI #263: Investing in Crypto-Assets with Hedge Fund Manager, Jeff Ross MD, MBA

19 May 2022

Contributed by Lukas

In 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 ...