The White Coat Investor

A Doctor's Guide to Personal Finance and Investing
Narrated by: Troy W. Hudson
Length: 4 hrs and 47 mins
4.5 out of 5 stars (732 ratings)

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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

What members say

Average Customer Ratings

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  • 4.5 out of 5 stars
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  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
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    4 out of 5 stars

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.

12 people found this helpful

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    4 out of 5 stars
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    4 out of 5 stars

great advice but audio format lacks charts.

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

6 people found this helpful

  • Overall
    3 out of 5 stars

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.

4 people found this helpful

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    5 out of 5 stars
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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.

2 people found this helpful

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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.

1 person found this helpful

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    5 out of 5 stars
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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!

1 person found this helpful

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  • AO
  • 02-18-20

Very Informational book

A must read book for every resident and attending physician. Necessary information for all to know.

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Educate yourself!

If you are thinking to be a doctor, getting in a residency program or you are graduated... this book is for YOU! GET IT RIGHT NOW!

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Every Med student should read this

This was incredibly educational. They don’t teach financial competency skills in medical school. Recommend this to any medical student, resident, or attending physician

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Invaluable information for medical professionals!

This book is a gem from the creators of the white coat investor. The information inside arms physicians with what they need to financially protect all of the hard work and dedication they have given to the healthcare field. I feel much more confident moving out into the beginning of my career with this resource as an asset!