The White Coat Investor The White Coat Investor

The White Coat Investor

A Doctor's Guide To Personal Finance And Investing

    • 4.8 • 437 Ratings
    • $9.99
    • $9.99

Publisher Description

Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection.

     This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won’t find in other financial books.

This book will teach you how to:

Graduate from medical school with as little debt as possible
Escape from student loans within two to five years of residency graduation
Purchase the right types and amounts of insurance
Decide when to buy a house and how much to spend on it
Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor
Avoid investments which are designed to be sold, not bought
Select advisors who give great service and advice at a fair price
Become a millionaire within five to ten years of residency graduation
Use a “Backdoor Roth IRA” and “Stealth IRA” to boost your retirement funds and decrease your taxes
Protect your hard-won assets from professional and personal lawsuits
Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die
Minimize your tax burden, keeping more of your hard-earned money
Decide between an employee job and an independent contractor job
Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation



Praise For The White Coat Investor

“Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place.” – Allan S. Roth, MBA, CPA, CFP®, Author of How a Second Grader Beats Wall Street

“Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research.” – William J. Bernstein, MD, Author of The Investor’s Manifesto and seven other investing books

“This book should be in every career counselor’s office and delivered with every medical degree.” – Rick Van Ness, Author of Common Sense Investing

“The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk.” – Joe Jones, DO

“Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." – Dennis Bethel, MD

"An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." – Greg E Wilde, M.D

About the Author

     James M. Dahle, MD, when not out skiing, mountain biking, or rock climbing with his wife and four children, practices emergency medicine in suburban Utah. As a medical resident, he grew tired of being ripped off by unscrupulous financial professionals including mutual fund salesmen, insurance agents, realtors, mortgage lenders, and stock brokers and began educating himself on the ins and outs of personal finance and investing. In 2011, he started The White Coat Investor, now the most widely read, physician-specific personal finance and investing blog in the world, with nearly 400,000 page views per month. His writing helps doctors avoid the mistakes he made and get a “fair shake” on Wall Street.

     Dr. Dahle is a featured columnist for ACEP Now and Physician’s Monthly Digest. His work has also been featured in Medical Economics, Practice Link Magazine, Ophthalmology Business, American Academy of Dermatology Young Physician Focus, and The ACEP Young Physicians Section Newsletter. He also participated in writing The Bogleheads Guide to Retirement Planning.

     Dr. Dahle has found the light at the end of the long, dark tunnel of medical training. Despite ever-increasing medical student debt burdens, decreasing reimbursements, and increasing regulatory hassle, he became a millionaire at age 38, just ten years after graduating from medical school. He achieved this success not with burnout-inducing levels of hard work nor long periods of financial deprivation, but rather with solid financial decision-making and a prudent financial approach to the first few years out of residency.

     Now he shares his wisdom with medical students, residents, physicians, dentists and similar high income professionals so they can free themselves from debt, quit worrying about money, build wealth, live “the good life,” and get back to practicing medicine on their own terms. The principles he espouses are neither complicated nor risky, but the process of becoming wealthy as a physician is by no means automatic.

GENRE
Professional & Technical
RELEASED
2014
February 1
LANGUAGE
EN
English
LENGTH
160
Pages
PUBLISHER
The White Coat Investor, LLC
SELLER
White Coat Investor, LLC
SIZE
357.1
KB

Customer Reviews

Greatfulman1 ,

Must Read for Physicians

As a mid-career EM attending who is financial stable (but could always improve), I really enjoyed and learned from Dr. Dahle’s book. It is both an entertaining and informative read. It is helpful regardless of your status as a medical student, resident or attending and will help one avoid (or mitigate) the financial fecal matter that physicans of all kinds seem prone to step into. The ROI realized by purchasing this book is substantial.

miduye ,

Must read for any Dr. or soon to be Dr.

Extremely informative. Must read for any Dr. or anyone on the route to become a Dr.

Surujbali22 ,

Thoughts on book

For a RN in 2023 with 7 yrs experience as a RN, this book literally makes you think outside of "the box" that we are taught or think we know about our money and finances. This book isn't just for physicians, but anyone that is moving up financially and wanting to learn how to set yourself up for success, or a nice future, while still in our 30's and 40's. So glad I came across this gem and highly recommend!

Customers Also Bought

The Bogleheads' Guide to Investing The Bogleheads' Guide to Investing
2014
The House of God The House of God
2010
Complications Complications
2003
Man's 4th Best Hospital Man's 4th Best Hospital
2019
Black Man in a White Coat Black Man in a White Coat
2015
The Little Book of Common Sense Investing The Little Book of Common Sense Investing
2017