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(Previously PRACTICE:IMPOSSIBLE™) Are you a physician yearning to break free from the corporate grind and find true fulfillment in your medical practice? Designed for younger physicians, this show is your blueprint for transitioning from corporate to independent practices, even without business experience. Listen to discover: - Proven strategies to decrease medical practice burnout and increase patient satisfaction. - Remarkably simple ways to generate wealth and achieve financial freedom th ...
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White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

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Host, 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 stud ...
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show series
 
Ever faced a hospital blackout mid-shift? Ever bagged ventilated patients in pitch darkness? Tune in as Coach JPMD recounts a wild ICU power outage that will leave you clutching your stethoscope! In this episode of the Independent Physician’s Blueprint Podcast, join Coach JPMD, as he dives into a heart-pounding tale from his residency at Jackson Me…
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Our guest today is celebrating three big milestones. She has had a unique path to financial success including an intervention from her sister while she was in residency. When she got out of residency she was $600,000 in debt. 5 years later she has received PSLF, reached a net worth of $500,000 and paid off $120,000 in student loans. Once she realiz…
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Welcome to another episode of The Independent Physician’s Blueprint Podcast, where we empower physicians to transition from corporate to independent practices, reducing stress and increasing income, even without prior business experience. Today’s episode is tailored for younger physicians and medical graduates seeking to enhance their practice effi…
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We are tackling your questions again today. First we answer a few questions about trusts. We cover topics like revocable trusts and probate. We talk about direct indexing and what exactly that means and if it is worth doing. We discuss high yield savings accounts and CDs and bonds. We close out the episode with Dr. Dahle sharing how his views and v…
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What would you do if you found spaghetti on a patient’s belly—but not where you’d expect it? Transitioning from corporate to independent practice can be daunting, but as a young physician, you face bizarre and unexpected challenges every day. This episode highlights a jaw-dropping medical story that underscores the unpredictable nature of healthcar…
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This internal medicine doc just received PSLF and had almost $300,000 of loans forgiven! He said he was very intentional about looking for a 501(c)(3) institution when choosing a job. He feels so much freedom now that his loans are gone. After the interview we will talk about money and med school for Finance 101. This podcast is sponsored by Bob Bh…
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Ever wondered how you can negotiate a higher salary as a younger physician, even without any business experience? In today's healthcare landscape, many young physicians feel undercompensated and overwhelmed by financial stress. This episode provides actionable tips to help you secure a better salary and reduce your stress by effectively negotiating…
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Today we are talking with our friend Mike Piper. Mike is an author and blogger and one of the smartest guys in the personal finance space. The discussion today ranges widely and includes topics like what is going to happen with social security, what you should do after you have accumulated more money than you need, how to identify the right spendin…
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Have you ever imagined what it would be like to wear a bulletproof vest while treating a patient in the ICU? As a physician, you might face extreme stress and unexpected challenges in your practice. This episode dives into a real-life story of a medical resident navigating a high-risk situation, highlighting the intense and unpredictable nature of …
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Today we have a second time guest joining us to celebrate paying off his flight school loans. This pilot has made so much progress since he was first on the podcast two years ago when he got back to broke. He has saved and invested and lived frugally and now is totally debt free and also has a net worth of $275,000. Stick around after the episode f…
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Today we are answering more of your questions. We start off talking about a terrible fraud situation and how to attempt to mitigate the damage. We answer a few questions about asset protection and then a few questions about 529 accounts and how to use them. Finally we discuss the SAVE Plan and the current and extremely generous governmental program…
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Today we are chatting with an ER Doc who has reached millionaire status! He comes from an immigrant family and learned young the importance of hard work, education and building the life you want. He started paying off his student loans during residency and hit the ground running building wealth directly out of training. After the interview we will …
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Today on the podcast we are talking with Kyle Claussen from Resolve. He chats with Dr. Dahle about the importance of really advocating for yourself and your pay when starting a new job and signing a new contract. It is critical to negotiate until you feel confident and happy with any contract you sign. Many doctors are not paid what they are worth …
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Today we are talking with an ENT who has paid off $300,000 of student loans. This is a doc who was comfortable paying the loans off over time while he continued to save and invest and build wealth along the way. He and his wife put a lot of money toward their top priority, which was starting a family. Fertility treatments were expensive and came be…
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Today we are answering your questions about retirement accounts. We start out by addressing the recent change with Vanguard getting out of the solo 401(k) game. Then we talk about if you can contribute to both a solo 401(k) and the TSP if you are in the military, we discuss 401(k) employer matching, concerns around losing a non-governmental 457b, w…
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In this podcast episode, Coach JPMD shares seven steps to help physicians pay off their medical school loan debt quickly. The steps include creating a budget, listing debts from smallest to largest, updating the budget and debt snowball monthly, living like a resident for three years, avoiding buying an expensive home, keeping the current car, and …
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This pharmacist has paid off $286,000 of student loans with just over $200,000 of that in the last 15 months. How did he do it? He basically doubled his income by getting a higher paying job and working a side gig in retail pharmacy on the weekends. He said getting that debt off his shoulders has felt incredible and he is loving not having to work …
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Today we answer your questions about rolling over an HSA, when to withdraw from your HSA, whether a UTMA or Custodial Roth IRA is better for your kids, if it is a good idea to open a solo 401(k) for your kids, how to maximize your 403(b) contributions and how to mimic the US Stock Market index fund if your 403(b) doesn't offer that. Today’s episode…
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This VA emergency doc has paid off $370,000 in student loans in only 5 years! Not only that but he and his wife are already millionaires. He said it is impossible to overstate how good it feels to have paid off those student loans. They have also put a huge percentage of their income towards building wealth. They are currently completely debt free …
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Today we spend some time talking about what to do when you and your spouse or partner do not see eye to eye about certain parts of your financial life. It can be extremely difficult when your vision does not align. But it is critical to work through it and get on the same page. We also answer another handful of questions about Roth IRAs, Roth conve…
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This hospitalist has paid off $155,000 in only 2 years! He said he was able to stick to his aggressive payment plan because he also allowed himself to enjoy his life along the way. He left room in his budget for some travel and some of the little life luxuries that feel good. He is great example of finding that balance of building wealth and enjoyi…
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Today we answer several of your mortgage questions including if you should put all the money you can toward your down payment or use some of it to pay off student loans and what kind of mortgage you should get. We discuss a unique situation around a universal life policy and once again answer that for the vast majority of docs no annuity in any of …
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Today we are talking with a family doc who has hit a big net worth milestone. He has been paying down debt all while building wealth totally half a million dollars. He tells us that he has been saving aggressively and accomplishing his financial goals, but still finding a balance with enjoying life and spending money too. Stick around after the int…
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Join Coach JPMD in an enlightening exploration of mercury toxicity and its profound implications for our health. In this episode, Coach JPMD unravels the complexities of mercury exposure, shedding light on its various forms, origins, and the diverse array of organs it can impact within the body. Drawing from personal journeys, he candidly shares hi…
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Today Dr. Dahle chats with Gastroenterologist, Dr. Ian Storch about all things DO medicine. They go in depth about DOs, including the history of Osteopathy and how that affected osteopathic education and practice today. They discuss the difference (if any) between MDs an DOs in education, job opportunities, and the practical hands on part of workin…
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Today we interview an MS1 who is celebrating making a budget for the first time. He said he wants to inspire others to do whatever they can to mitigate the financial burden of medical school. He shared that simply by having a budget he is actually spending less because he is more aware of where all of his money is going. We know that the earlier yo…
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Today we are answering your asset allocation questions. We talk about how to adjust your asset allocation and when to do it, what changes with asset allocation when thinking about your long vs short term investment plan, how to make the most of your asset allocation and more. We also have a philosophical discussion about economic growth and answer …
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Today we are celebrating this orthopedic surgeon completing his military commitment and becoming a millionaire. This doc served our country for 16 years and is now moving to a civilian job. They are moving from California to Minnesota and are looking forward to a dramatic salary increase and cost of living decrease. He worked hard moonlighting on t…
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Today Dr. Dahle is answering all of your questions about taxes. He talks about FICA taxes, quarterly estimated payments, IRA contributions and tax deductions, paying taxes when you work in two states in one year, how to make your tax situation as efficient as possible and more. Today’s episode is brought to you by SoFi, helping medical professional…
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