White Coat Investor Podcast

Latest Episodes:

MtoM #239: A Professor and a Dentist Become Multimillionaires and Finance 101: Financial Waterfalls Sep 08, 2025

Show notes

Today we are chatting with a professor who has become a multimillionaire. His wife is a dentist who owns a private practice. They are both about 10 years out of training. They are debt averse and excel at tackling their goals. He said they have worked hard to pay off their mortgage, saved to build wealth, and they have also started their real estate journey by purchasing their first rental property. One of their big secrets to success is having a monthly date night where they go over and discuss their finances. This keeps them focused on their goals and helps them ensure they are doing everything they can to meet those goals. For Finance 101 we are talking about financial waterfalls.

This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://WhiteCoatInvestor.com/Protuity today by email info@protuity.com or by calling (973) 771-9100.

The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones

Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube Student Loan Advice for all your student loan needs: https://studentloanadvice.com Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor Join the community on Twitter: https://twitter.com/WCInvestor Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter

00:00 MtoM Podcast #239 02:00 Multimillionaire Status 09:50 Advice For Others 13:50 Financial Waterfalls

WCI #435: Becoming a Millionaire by Reducing Your Taxes Sep 04, 2025

Show notes

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

2025 is coming to a close, making now the perfect time to tighten your tax plan so you don't overpay the IRS when 2026 tax season arrives. Cerebral Tax Advisors, the White Coat Investor-recommended firm trusted by physicians nationwide, uses court-tested, IRS-approved strategies to reduce personal and business taxes. Over the past 10 years, Cerebral clients have seen an average of 453.53% return on investment in their tax planning services. Founder and Lead Tax Strategist Alexis Gallati, author of 'Advanced Tax Planning for Medical Professionals', comes from a family of physicians and has over 20 years of experience in high-level tax planning strategies. To schedule a free consultation, visit https://cerebraltaxadvisors.com.

00:00 WCI Podcast #435 04:38 401(a) Taxes & Rollovers 11:20 Using Tax Losses in Retirement 19:35 Optimizing Finances as a Student 24:17 Diversification & Asset Location 29:40 Reducing Capital Gains Taxes 38:50 Restricted Stock Units (RSU)

MtoM #238: Hand Surgeon Becomes Multimillionaire and Finance 101: Annuities Sep 01, 2025

Show notes

Today we are talking with a hand surgeon later in his career who has become a multimillionaire. This inspiring doc shared his successes as well as his mistakes on his journey to becoming financially secure. He is a great example of not having to do it perfectly the second you get out of training. Slow and steady learning, growth and savings will pay off in the long run. He feels strongly about the importance of paying yourself first and giving generously. After the interview we are talking about annuities for Finance 101.

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Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones

00:00 MtoM Podcast #238 05:24 Hand Surgeon Becomes Multimillionaire 14:20 Advice For Others 17:31 The Truth About Annuities

WCI #434: Fixing Your Life, Burnout, and Money Problems by Identifying Your Core Values with Robert Glazer Aug 28, 2025

Show notes

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

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00:00 WCI Podcast #434 03:58 Robert Glazer Interview 08:40 How to Think About Core Values 25:01 How Core Values Affect Burnout

MtoM #237: Plastic Surgeon Hits Mid Career Milestones and Finance 101: The Debt Dilemma for Dentists Aug 25, 2025

Show notes

Our guest today is a plastic surgeon in the middle of his career. He is celebrating his financial security that has allowed him to take time to write a book. He spent the earlier part of his career saving, paying off his mortgage, and pouring money into his childrens 529 accounts. Education is hugely important to this doc and he wants to be sure his children have the opportunity to pursue any education at any institution they desire. Once those goals were met he wanted to create something inspiring and he wrote a book that he hopes will help both patients and doctors. After the interview will we will be talking about the debt dilemma for dentists.

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Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones

00:00 MtoM Podcast #237 01:54 Mid Career Milestones 16:45 Advice For Others 18:42 The Debt Dilemma for Dentists

WCI #433: Investing Questions Aug 21, 2025

Show notes

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

Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://www.whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place. You can do this and The White Coat Investor can help.

00:00 WCI Podcast #433 02:00 The Price of a Stock 14:02 Tracking Portfolio Returns 20:37 Adding Bonds to Your Portfolio 31:28 Gold as a "Safe" Investment 40:24 Investing in Private Equity 50:11 Vanguard "Spec ID" Letter 53:52 Is Tax Loss Harvesting "Selling Low"?

MtoM #236: Physician Takes a Youth Sports Team to the State Championship and Finance 101: Sequence of Returns Risk Aug 18, 2025

Show notes

Today we are talking with a doc who is celebrating the youth hockey team he coaches winning a state championship. He tackled his financial goals early and has reached coast FIRE. That financial security has allowed him to change his work schedule to make enough time for family and coaching. He is a great example of the power of getting your finances in line and how that allows you to create the life you want! After the interview we will be talking about sequence of returns risk (SORR) for Finance 101.

If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful, actionable information NOT AVAILABLE on the regular blog posts. It's almost like being in a secret club - the kind of club that can boost your knowledge and enhance your wealth at the same time - with no strings attached. Visit https://www.whitecoatinvestor.com/newsletter to sign up today. You can do this and The White Coat Investor can help.

Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones

00:00 MtoM Podcast #236 06:34 Coast FIRE & Hockey Dad 15:12 Advice For Others 20:16 Sequence of Returns Risk

WCI #432: 529s and Spending for College Aug 14, 2025

Show notes

Today we are talking about 529 accounts and how to invest them as well as how to spend them down. There are a lot of ways to help fund your children's education. Most families use a combination of 529 accounts, loans, other savings and cash flow. If you have access to a 529 account it is generally recommended to spend that down before moving to other forms of funding. In addition to discussing ways to help pay for college we answer a question about when, or if the political climate should ever cause you to change your financial plan.

00:00 WCI Podcast #432 02:44 How to Spend Well on College 14:18 529s Beneficiaries & Gift Taxes 19:17 Student Loan Options 25:55 Promoting Financial Literacy 32:32 WCI's Political Stance 33:48 Politics & Your Investing Plan

MtoM #235: Resident Gets $100K in Assets During Residency and Finance 101: Medical School Aug 11, 2025

Show notes

Today we are talking with a doc just starting his third year of residency and he already has $100,000 in assets. He had his financial awakening his final year of medical school and has hit the ground running. He has a savings rate of over 40% and has done an amazing job keep their fixed expenses low. He has no car payment, no kids, cheap rent, and is living like a resident should. He found a moonlighting job that should let him make around $40K this year that will all go to savings. This doc is going to absolutely crush all of his financial goals moving forward. After the interview we are talking about if going to medical school is still worth it for Finance 101.

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Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones

00:00 MtoM Podcast #235 02:39 $100K in Assets During Residency 19:00 Advice For Others 22:22 Is Medical School a Good Investment?

WCI #431: How to Rise Above a Broken Healthcare System with Dr. Dimitrios Tsatiris Aug 07, 2025

Show notes

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

Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to turn. We have a thriving community across all of our social channels - facebook, twitter, instagram, reddit and our WCI forum. We have been discussing solutions to your money problems since 2011. Join the conversation with thousands of other White Coat Investors. Follow WCI on your favorite social media platform for financial resources, tips and strategies. Just head to your platform of choice and search for The White Coat Investor. You can do this and The White Coat Investor can help.

00:00 WCI Podcast #431 03:30 Dr. Dimitrios Tsatiris Interview 05:00 Physician Burnout

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