The White Coat Investor

A Doctor's Guide to Personal Finance and Investing

By: James M. Dahle MD

Narrated by: Troy W. Hudson

Length: 4 hrs and 47 mins

Publisher's Summary

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 10 years of residency graduation
• 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
• And so much more

©2014 James M. Dahle (P)2016 James M. Dahle

not the kind of book to listen to

Would you try another book from James M. Dahle MD and/or Troy W. Hudson?

no

What did you like best about this story?

good down to earth examples

Could you see The White Coat Investor being made into a movie or a TV series? Who should the stars be?

no

Any additional comments?

May be a five-star book, but not necessarily the kind of book to listen to in Audible as you miss the graphs and may get lost in the numbers.

great advice but audio format lacks charts.

great advice but audio format lacks charts. it will definitely change the way we save.

why read hyperlinks?

about half of the words read are "dash" when he's reading hyperlinks, most of which are on the blog anyway. also, the book is geared toward the resident, leaving anyone who is not in their 20's a bit regretful.

Excellent info for Doctors and others

This is a great book for doctors and professionals at all stages of their careers. Insightful and concise advice.

One limited drawback to the audiobook version is that there are references to charts and figures. If there was a downloadable compendium, then it would make the experience of the audiobook more valuable and complete.

If you narrate one more URL I'll scream

This book was fantastic. I'm a beginning white coat investor and plan to listen to this periodically for a refresher. Plain talk and sound advice has already saved me from being taken advantage of. Pace is appropriate. I even liked the narrator's voice. But OH MAN there are websites at the end of each chapter for resources, and the narrator says "dot" and "dash" with such alacrity and frequency, I had to seriously talk myself down from discarding my phone out the window on the Skyway Bridge. Small complaint, but my wife is also listening to this book and had to rage-quit when the URLs were being read.

The Book You're Looking For

I bought this book as I was in search of concrete and practical information on investing and personal finance. This book is rife with helpful info that is specific to the challenges facing physicians, dentists, and other high earning professionals that have taken great opportunity cost to get to where they are. You'll get more out of this book than others two times it's length. Also be sure to check out the website!

Pearls

Most physicians can relate to the rare and treasured experience, when that Expert Attending shares their "clinical pearls" -- beautifully value-dense collections of years of knowledge across several disciplines by an astute mind. It is always time well spent, an epiphany to residents, yet also a great value even to the experienced.
Jim Dahle shares real Financial Pearls here. No wasteland of mostly irrelevant information to sift through, incomplete explanations, or verbose ramblings with hidden secondary motives. Just solid financial wisdom, distilled.

Read it, and then thank him.
Thank you Jim!

Basic Investing Guidelines For High Income Earners

This book is pretty good for someone just getting into the investing market and is rather monotonous. Plus, the author reads all the URL links promoting his blood and it made me quit listening half way through the book.

Excellent

Excellent material, concise, to the point, and goes neither too deep nor too shallow on its ideas. A little conservative in its take, but agreed with like 98% of most of the advise given!

Good stuff!

Although I'm a Chiropractor, I loved this book too. Great job, Dr. James M. Dahle!