White Coat Investor Podcast

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 ...

MtoM #66 - Living Like a Resident Really Works

16 May 2022

Contributed by Lukas

This Professor in palliative medicine and physical therapist spouse paid off $339K in 3 years by living like a resident (https://www.whitecoatinvestor...

WCI #262: Kids (and Engagement Rings) Are Expensive! And What Is the Future of WCI?

12 May 2022

Contributed by Lukas

In this episode we discuss the cold hard truth that kids are just really, really expensive. Childcare is one of those things that can be complicated a...

MtoM #65 - Family Doc Achieves $0 Net Worth

09 May 2022

Contributed by Lukas

This Canadian family doc and her social worker partner applied to be a guest on the show when they achieved $0 net worth. But since applying they paid...

WCI #261: The Only Investment Guide You'll Ever Need With Andrew Tobias

05 May 2022

Contributed by Lukas

This episode we interview Andrew Tobias, the author of The Only Investment Guide You'll Ever Need, which has sold over a million copies and was influe...

MtoM #64 - Back to Broke

02 May 2022

Contributed by Lukas

6 months of practicing after leaving residency, this internal medicine doctor is back to broke. Start early and invest your time in educating yourself...

WCI #260: Self Employed Retirement Accounts Q&A

28 Apr 2022

Contributed by Lukas

In this episode we answer your questions about self-employed retirement plans. If you are self-employed, open a solo/individual 401(k). If you make a ...

MtoM #63 - Chemical Engineer Millionaire

25 Apr 2022

Contributed by Lukas

This chemical engineer reached millionaire status just 7 years after completing his undergrad degree.  Don't worry about keeping up with the Joneses....

WCI #259: Doctors Who Become Disabled

21 Apr 2022

Contributed by Lukas

Two doctors who became disabled relatively early in their careers and had to learn to navigate the disability insurance world, while dealing with very...

MtoM #62 - EM Resident Gets Back to Broke

18 Apr 2022

Contributed by Lukas

This resident made a decision to let the student loan debt ride and offset it with building assets. That has helped him get back to broke. He has take...

WCI #258: How to Set Up a Budget, and Why It Can Be So Valuable

14 Apr 2022

Contributed by Lukas

Budgeting is simply a plan of what your money needs to do. It helps align your spending with what you value so you can achieve your financial goals. D...

MtoM #61 - Anesthesiologist Gets PSLF and Becomes a Millionaire

11 Apr 2022

Contributed by Lukas

This anesthesiologist shares his experience finally getting PSLF after getting rejected multiple times and having to file a complaint with the consume...

WCI #257: PSLF, ETFs, and FSAs

07 Apr 2022

Contributed by Lukas

This episode we talk about FSA funds, ETFs, limit orders, and market orders. We discuss the pros and cons of living off of loans or living off of savi...

MtoM #60 - Captain Pays off $269K in 2 Years

04 Apr 2022

Contributed by Lukas

Captain Dan shows that what we have been preaching works. Get a good job, throw a bunch of money at the student loans and they go away. Then that free...

WCI #256: Common Sense Investing with Rick Van Ness

31 Mar 2022

Contributed by Lukas

This episode we interview prominent Boglehead published author Rick Van Ness. Rick has made a career of teaching financial literacy to the world. We r...

MtoM #59 - Resident with 100K in Assets

28 Mar 2022

Contributed by Lukas

This primary care physician achieved 100K in assets less than 6 months after residency.  Developing a written financial plan early, budgeting, and tr...

WCI #255: Answering Your Questions About 401(k)s And How To Manage Them

24 Mar 2022

Contributed by Lukas

This episode we answer all your questions about 401(k)s. We cover questions about IRA rollovers, the mega backdoor Roth, how to manage a 401(k) with y...

MtoM #58 - Physician Assistant Millionaire

21 Mar 2022

Contributed by Lukas

Everyone's pathway is a little bit different. Short term rentals were responsible for a huge portion of this guest's success. They used a fair amount ...

WCI #254: Afford Anything with Paula Pant

17 Mar 2022

Contributed by Lukas

Our special guest this episode is Paula Pant, of Afford Anything. Some of you may know from her work in the FIRE community where is a prominent person...

MtoM #57 - Orthopedic Surgeon Sells Practice Early in Career

14 Mar 2022

Contributed by Lukas

This interview illustrates a different path to wealth than we normally discuss. Just a few years out of training, this physician sold his practice to ...

WCI #253: What to Do with Extra Money and Life After Covid

10 Mar 2022

Contributed by Lukas

In this episode we cover an array of topics from what to do with extra income to locums to what to do when you fire your financial advisor. We go thro...

MtoM #56 - Decamillionaire Doctors

07 Mar 2022

Contributed by Lukas

We have two special guests on this episode that have been great financial educators among physicians for years! We have had many WCI readers tell us w...

WCI #252: Real Estate Q&A with Passive Income MD's Peter Kim

03 Mar 2022

Contributed by Lukas

Peter Kim from Passive Income MD takes over the podcast to answer your questions about real estate this episode. He covers real estate syndications, C...

MtoM #55 - Pediatrician Reaches Financial Independence

28 Feb 2022

Contributed by Lukas

This pediatrician has an amazing story. 2 lessons we can learn from her. One, despite having a great income as a pediatrician she still found herself ...

WCI #251: How to Fix the Retirement Account System

24 Feb 2022

Contributed by Lukas

A listener asked, "how would you reset the whole retirement account system in this country to make more sense for both the government and the citizens...

MtoM #54 - WCI Ambassador Reaches Millionaire Status

21 Feb 2022

Contributed by Lukas

Our new ambassador, Dr. Disha Spath, joins us in this episode to celebrate her new status as a millionaire! 2 years out of training, after inflating t...

WCI #250: Marriage, Kids, and Finances

17 Feb 2022

Contributed by Lukas

Dr. Disha Spath is hosting with us again this week! Together we answer questions about marriage, family and finances. We talk about merging finances w...

MtoM #53 - Dentist Reaches Financial Independence

14 Feb 2022

Contributed by Lukas

There is value in persistence. Even if you do not have the highest income, if you persistently save a significant percentage of it and invest it in a ...

WCI #249: What To Do With Old Retirement Accounts Q&A

10 Feb 2022

Contributed by Lukas

In this episode we answer your questions about old retirement accounts. What do you do with those accounts? How do you move an old 401(k) to a differe...

MtoM #52 - Multimillionaires 5 yrs Post Residency

07 Feb 2022

Contributed by Lukas

Put your nose to the grindstone at the beginning and reap the benefits. This dual career couple had the income to make a difference quickly. To keep t...

WCI #248: Veterinarians and Their Finances

03 Feb 2022

Contributed by Lukas

Dr. Hofmeister, our guest this episode, talks about veterinary medicine as well as the finances of veterinarians and really give us some insight into ...

MtoM #51 - Neonatologist Finds Financial Freedom

31 Jan 2022

Contributed by Lukas

This neonatologist and internist couple reach financial freedom just 4.5 years out of training.  It is always great to marry another high income prof...

WCI #247: Bonds and Tax Loss Harvesting

27 Jan 2022

Contributed by Lukas

This episode is all about bonds and tax-loss harvesting https://www.whitecoatinvestor.com/tax-loss-harvesting/. We get into what some good options for...

MtoM #50 - Orthopaedic Surgeon Pays Off All of His Debt in 6 years

24 Jan 2022

Contributed by Lukas

This story demonstrates just what can be done with income. This doctor grabbed the bull by the horns, opened his own practice and became very successf...

WCI #246: Early Retirement Now

20 Jan 2022

Contributed by Lukas

Our guest in this episode is Dr. Karsten. He's the mind behind the Early Retirement Now blog. He completed a PhD in economics, worked for the Federal ...

MtoM #49 - EM Doc Pays Off Loans and Reaches $250K Net Worth

17 Jan 2022

Contributed by Lukas

We love that doctors are passing around this financial information from one to another. Be smart about how you manage your money and pass this informa...

WCI #245: The Backdoor Roth Lives On

13 Jan 2022

Contributed by Lukas

Today we discuss what happened in Congress and how, for now at least, the backdoor Roth lives on. You can proceed with your contributions as planned. ...

MtoM #48 - Family Docs Pay Off $570K

10 Jan 2022

Contributed by Lukas

This family doc couple took nine years to pay off $570K. They had far more than average debt and lower than average salaries. They've invested along t...

WCI #244: The Finances of Professional Cyclists

06 Jan 2022

Contributed by Lukas

Our special guest today is Toms Skujiņš. Toms is a professional cyclist, an avid podcast listener and a White Coat Investor. Toms races at the highe...

MtoM #47 - Millionaire Military Officer

03 Jan 2022

Contributed by Lukas

From this millionaire military officer we learn the importance of being consistent and having a plan. Follow the plan. As long as it is reasonable, yo...

WCI #243: Annuities, Securities, and The Three Fund Portfolio

30 Dec 2021

Contributed by Lukas

This episode we discuss annuities, securities, and the three-fund portfolio. But we are also reaching the end of the year, which means it's time to ta...

MtoM #46 - Dual Physician Millionaires

27 Dec 2021

Contributed by Lukas

We can learn several lessons from this dual doctor couple. The first two years they had no savings as they had no financial education. Having a child ...

WCI #242: Avoiding Debt and Giving Back With Michelle Singletary

23 Dec 2021

Contributed by Lukas

Our guest in this episode, Michelle Singletary, is a personal finance columnist for the Washington Post. Her award-winning column "The Color of Money"...

MtoM #45 - Pediatrician Pays off $185K in 3.5 years

20 Dec 2021

Contributed by Lukas

Renting a less comfortable home than they would have preferred, this couple focused on crushing their student loans. Not being big spenders helped acc...

WCI #241: Retirement Account Q&A

16 Dec 2021

Contributed by Lukas

This episode is all about retirement accounts. We are answering your questions regarding TSPs, what to do with old retirement accounts, how to set up ...

MtoM #44 - Back to Broke Oncologist

13 Dec 2021

Contributed by Lukas

We are celebrating this oncologist who got back to broke 6 months out of training. He went from a net worth of $-128K to $+210K net worth in 1.5 years...

WCI #240: Asset Allocation Q&A

09 Dec 2021

Contributed by Lukas

Today we answer your questions about asset allocation. We start off with some basic principles that everyone should understand and then dive into more...

MtoM #43 - Doc Dumps Whole Life Policy And Becomes Millionaire

06 Dec 2021

Contributed by Lukas

This doctor followed advice of WCI to navigate complexities of a 1035 exchange, and recovered from many poor insurance products he was sold. Only 2 ye...

WCI #239: Contract Negotiation and Student Loans

02 Dec 2021

Contributed by Lukas

Today we are answering questions about contract negotiation. It is important to know what parts of a contract you can negotiate and when you likely wo...

MtoM #42 - Back to Broke as a Resident

29 Nov 2021

Contributed by Lukas

This second year anesthesiologist resident and nurse partner are already back to broke. With a salary of $90K they have been investing and paying off ...

WCI #238: 2021 Financial Book Reviews

25 Nov 2021

Contributed by Lukas

Every year we are sent a big stack of books that people want us to read and review on the blog or the podcast. This week at WCI is Continuing Financia...

MtoM #41 - Pediatrician pays off $300K in 3 years

22 Nov 2021

Contributed by Lukas

In 3 years this pediatrician paid off $300K in loans with a 200K income. Motivated to get their schooling paid off so they could start saving for thei...

WCI #237: How to Reduce your Investment Taxes

18 Nov 2021

Contributed by Lukas

This episode we are answering questions about investment taxes. There are several things that you can do to reduce your investment taxes including the...

MtoM #40 - Dual Family Doctor Couple pays off $400K+ in 3 years

15 Nov 2021

Contributed by Lukas

Following the outline for financial priorities in the WCI book, this couple was able to invest while paying off the debt for Brad's medical school. Ra...

WCI #236: Interview with Jaspreet Singh of the Minority Mindset

11 Nov 2021

Contributed by Lukas

Jaspreet Singh is the creator of The Minority Mindset. We were introduced to him recently at a conference called FinCon that was for producers of fina...

MtoM #39 - Buying a Car with Cash

08 Nov 2021

Contributed by Lukas

Our guest is a general dentist three years out of training. He has hit a couple of milestones, back to broke and a six figure net worth. But he came o...

WCI #235: Pay Off Debt or Invest?

04 Nov 2021

Contributed by Lukas

Today we are talking about whether it is better to pay off debt or invest. Like most financial questions the answer is, it depends. Read more at https...

MtoM #38 - Dentist Achieves $0 Net Worth

01 Nov 2021

Contributed by Lukas

This dentist just recently got back to broke! He finished training with a net worth of negative $510K. 5 years later they have reached a net worth of ...

WCI #234: Roth Q&A: 401ks, Conversions, and What if the Backdoor Goes Away?

28 Oct 2021

Contributed by Lukas

This episode we answer all of your questions about Roth accounts. We talk a lot about retirement accounts and answer questions about Roth 401(k)s, the...

MtoM #37 - The Veterinarian Millionaires

25 Oct 2021

Contributed by Lukas

This dual couple veterinarians, 7.5 years out of training, have a $2-4 million net worth depending on how you value their practice. They attributed th...

WCI #233: Insurance Q&A

21 Oct 2021

Contributed by Lukas

This episode we are answering all of your questions about insurance. We discuss group universal life insurance and go over the reasons that it is very...

MtoM #36 - Psychiatrist Real Estate Investor Multimillionaire

18 Oct 2021

Contributed by Lukas

Elaine is only one year out of her training as a psychiatrist with a 7.5 million net worth all in real estate investments and cash. She valued financi...

WCI #232: Investing Q&A - The Dragon Portfolio, 457(b)s, 403(b)s And Individual Stocks

14 Oct 2021

Contributed by Lukas

We have had a lot of questions about investing coming in lately, so today we have put all of those questions into one big Q&A podcast. We talk about t...

MtoM #35 - The Attorney Millionaire

11 Oct 2021

Contributed by Lukas

Dual attorney couple at 3.3 million net worth 8 years out of school. Their tips to success? Start early, contribute steadily, and avoid lifestyle infl...

WCI #231: How Much Homeowners Insurance Do I Need?

07 Oct 2021

Contributed by Lukas

We have had a lot of listeners request information on my homeowners insurance policy. After a large home renovation we had to make some pretty big cha...

MtoM #34 - PSLF Forgiveness and Millionaires!

04 Oct 2021

Contributed by Lukas

Out of school they owed $178K, paid $20-30K off over the next 10 years, and had the rest forgiven. Be diligent, make sure you track each payment. Gett...

WCI #230: Congress Proposes New Tax Bill Impacting High Earners

30 Sep 2021

Contributed by Lukas

There are potential big changes coming up as a new tax bill is working its way through Congress. While there are sure to be many changes to the propos...

MtoM #33 - Millionaire Podiatrist

27 Sep 2021

Contributed by Lukas

Our first podiatrist on the Milestones podcast! In 8 years they paid off around a million dollars in debt between his student loans and a business loa...

WCI #229: Retirement Accounts Q&A

23 Sep 2021

Contributed by Lukas

In this week's episode we are taking listener questions regarding retirement accounts. We talk about 403(a), 403(b), and 457(b) accounts and what the ...

MtoM #32 - Pediatric Cardiac Intensivist Gets PSLF

20 Sep 2021

Contributed by Lukas

Jennifer did a 4 year residency, 3 year fellowship, 1 additional training year as a pediatric cardiac intensivist, and then no payments required due t...

WCI #228: Charitable Giving: DAFs vs CRTs vs Private Family Foundation

16 Sep 2021

Contributed by Lukas

In this episode we discuss charitable giving and dive into donor advised funds (DAFs), versus Charitable Remainder Trusts (CRTs) and private family fo...

MtoM #31 - Millionaire Dentist

13 Sep 2021

Contributed by Lukas

As this dentist demonstrated, owning your own practice pays off. Everything extra comes to you. Save and invest that extra and you'll be a multimillio...

WCI #227: Starting a Medical Practice

09 Sep 2021

Contributed by Lukas

When you own your practice, you're able to give better care, have more control and less burnout over your professional life. In general, you make more...

MtoM #30 - Nurse Practitioner Multimillionaire

06 Sep 2021

Contributed by Lukas

If you have a high savings rate and invest conservatively, it won't take long to accumulate a high net worth. From this nurse practitioner's experienc...

WCI #226: The State of Physician Financial Literacy

02 Sep 2021

Contributed by Lukas

How financially literate are physicians? White Coat Investor just celebrated our 10 year anniversary of providing personal finance and investing infor...

MtoM #29 - Teacher and Doctor Become Millionaires in 5 years

30 Aug 2021

Contributed by Lukas

Elizabeth is 5 years out of training after doing a MD/PhD. Her teacher husband and her left training with a net worth of 650K+ and have since grown th...

WCI #225: Q&A - Single Income Docs, Insuring Jewelry, Best Time of Year to Retire, Over Saving in a 529

26 Aug 2021

Contributed by Lukas

We answer questions for every stage of doctor in this episode. For those starting out we talk about scholarships vs contracts to pay for your medical ...

MtoM #28 - EM Doc Pays off $180K in 3 years

23 Aug 2021

Contributed by Lukas

Jon wanted to crush that debt so they could move on to other financial goals. Continue living like a resident, you are already used to it. Hardest thi...

WCI #224: Q&A- Actively Managed Funds, Savings Rates, Social Index Funds and Home Prices

19 Aug 2021

Contributed by Lukas

Would the White Coat Investor exist if I had only interacted with good financial professionals, and not multiple ones that ripped us off and caused me...

MtoM #27 - Academic Endocrinologist Millionaire

16 Aug 2021

Contributed by Lukas

This academic endocrinologist follows the WCI advice and reaches millionaire status 3 years and 9 months out of training. How did they do it? They had...

WCI #223: Understanding Cash Balance Plans

12 Aug 2021

Contributed by Lukas

A defined benefit cash balance plan https://www.whitecoatinvestor.com/cash-balance-plans-another-retirement-plan-for-professionals/ is a somewhat unu...

MtoM #26 - Orthodontist Pays off $480K

09 Aug 2021

Contributed by Lukas

This orthodontist thought about the student loan debt every day until it was paid off. Each year it became less stressful as they made progress and st...

WCI #222: Car insurance: How much do you need?

05 Aug 2021

Contributed by Lukas

Get out your car insurance policy and let's go over it to make sure you have the important things covered. Do you need comprehensive or just collision...