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.

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!

Straightforward advice to help physicians make wise money management choices

Nearing the last chapter of my career, this book is more validation of my strategy. I read the book since we have incorporated financial planning into or residency curriculum. This book serves as the foundation for that education. Highly recommended.

Eye-Opening Book.

I enjoyed every chapter. Thank you very much

I will be reading more about the subject.

Pre-Med Student Here

Highly recommend this book! I want to get ahead of the game before I’m even in medical school and this book was recommended to me by my favorite ER doc. I learned a lot and you will to!

Wish I read this book as a college freshman

I’m about to start a 5-year residency, following many mediocre or misguided financial decisions through 5 years of college, 2 gap years, and 4 years of medical school. Finally starting to look seriously at personal finance.

Only complaints at this stage of my journey is little technical, brass-tacks advice for med students and residents to improve their budgeting skills, and the possibly unrealistic budgeting goals for many of those people. I’d love to hear more rules of thumbs for expenses given debt load and goal to max out retirement account during residency.

Will update after instituting plan to max out Roth IRA as a single male PGY-1 living a 5-min walk from our main hospital. Currently have ~$280,000 in debt, all via student loans. Let’s do this. Thank you, Dr. Dahle!