White Coat Investor Podcast
Episodes
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...
MtoM #25 - Psychiatrist Millionaire
02 Aug 2021
Contributed by Lukas
This psychiatrist has a net worth of 2 million dollars, 7 years out of training, despite living paycheck to paycheck with her 6 figure income, until a...
WCI #221: Beating the New Death Tax with James Lange
29 Jul 2021
Contributed by Lukas
James Lange is a nationally recognized IRA, a 401(k) and retirement plan distribution expert, and the president and founder of the Roth IRA Institute,...
MtoM #24 - Hospitalist and Obesity Medicine Physician Pays off $156K in 5 years
26 Jul 2021
Contributed by Lukas
Jeremiah took a balanced approach to his student loan debt. With a high savings rate you can pay off your loans and invest along the way. Resulted in ...
WCI #220: Financial Priorities as a New Resident
22 Jul 2021
Contributed by Lukas
The point of residency is to learn how to be a good doctor. It's not to try to get rich. But for new residents there are a few financial chores you ne...
MtoM #23 - First Generation Millionaire Physician
19 Jul 2021
Contributed by Lukas
After graduating from medical school in India, this primary critical care physician lived like a resident with a high savings rate and low cost invest...
WCI #219: Financial Priorities as a New Attending
15 Jul 2021
Contributed by Lukas
Becoming a new attending is a complicated time in your financial life. That first year out of training is probably the most important year of your fin...
MtoM #22 - Family Doc Pays Off $230K in 6 years
12 Jul 2021
Contributed by Lukas
It took this doctor 6 years to pay off her student loan debt because she muddled around for awhile before getting tired of the loans and getting more ...
WCI #218: How Much Car Can You Afford?
08 Jul 2021
Contributed by Lukas
"Average Joe" is frequently poor because of his car. For most middle-class Americans, the reason they are not millionaires is sitting in the driveway....
MtoM #21 - Doctor and Nurse Become Millionaires in 5 years
05 Jul 2021
Contributed by Lukas
This couple went from -187K to 1.2 million in 5 years. Their key to success? Budgeting software, You Need a Budget, and following it to a T. In this e...
WCI #217: Practicing Medicine in India
01 Jul 2021
Contributed by Lukas
We have done episodes about what it is like to practice medicine in England, Australia, and Venezuela. Next up is India. With Dr. Raja we discuss what...
MtoM #20 - Psy-Fi MD Millionaire
28 Jun 2021
Contributed by Lukas
This doctor couple went from -500K to millionaire status in 9 years with an income ranging from $200-$500K. What makes this episode different is that ...
WCI #216: Gold Bullion, Subway Franchises, Taxes, and Divorce
24 Jun 2021
Contributed by Lukas
In this episode we answer your questions ranging from gold bullion to Subway franchises. With questions about 401(k)s, UGMA accounts, withholding taxe...
MtoM #19 - Millionaire Status in 5 Years
21 Jun 2021
Contributed by Lukas
A very familiar story in this episode as our guests are an EM doc and teacher turned stay at home mom, very similar to the WCI and Mrs WCI. It took th...
WCI #215: Calculating ROI, Dollar Cost Averaging vs. Lump Sum, UTMA Accounts & TIPS
17 Jun 2021
Contributed by Lukas
This podcast is all about you and what you want to talk about. Today it is investments. How to calculate return on investment? What is the best way to...
MtoM #18 - Cancer Researcher pays off $130K
14 Jun 2021
Contributed by Lukas
After finding White Coat Investor 2 years ago, this physician has felt freed by this continuing financial education. Her debt was an emotional burden....
WCI #214: Will Student Loans Be Forgiven?
10 Jun 2021
Contributed by Lukas
Student loans have been on the back burner for the last year or so, as borrowers have enjoyed 0% interest on their federal loans. There has been lots ...
MtoM #17 - Nurse Practitioner and Pharmacist Millionaires
07 Jun 2021
Contributed by Lukas
$1.2 million change in net worth in the last 6 years with a salary typically less than $200K. This couple reached millionaire status without ever feel...
WCI #213: Rules and Options for Managing Inherited Retirement Accounts
03 Jun 2021
Contributed by Lukas
If you inherited retirement accounts or anticipate leaving retirement accounts to your heirs, it is important to understand the rules and options for ...