006 – Get a fair shake on Wall Street with the White Coat Investor

James M. Dahle, MD, FACEP
James M. Dahle, MD, FACEP

How many of you just want to stick your head in the sand when it comes to understanding personal finance and investing? I get it!  The majority of us had no exposure to finances in college and medical school which either makes us feel like we don’t know what we’re doing or makes us feel obligated to pay someone else to manage our hard-earned money!

Well, what if I told you that understanding investing is a lot simpler than the concepts we all learn in medical school? Don’t take my word for it.  My next guest, Dr. Jim Dahle (a.k.a The White Coat Investor), reinforces that point on this podcast. Like many of you listening, he had a bad experience with a financial advisor and unknowingly bought financial products he would later regret. Sound familiar? Dr. Dahle didn’t get discouraged by that, he sought empowerment through self-education, acquiring enough knowledge to start his website, The White Coat Investor. This is not just a side gig, people… His side hustle has become arguably the most comprehensive website for doctors who are looking for a “fair shake” on Wall Street!

You can find him on his website whitecoatinvestor.com

In this episode you’ll learn:

  • How he balances his medical practice with running this great website
  • Top 3 financial mistakes made by doctors
  • Why cash value life insurance is pushed so hard to physicians
  • High yield financial decisions every doctor in debt should make right after graduating from residency
  • Why he’s not just a doc!

 

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4 Comments

  1. This podcast was great and affirmed that I am in the right track. I wish someone informed me about money when I started medical school. It took me until fellowship to figure it out.

    • Sharayne…you’re not alone! I felt the same way until, I got sick to my stomach finding out how much financial advisors make with sub-par advice. Look, just like how patients are always looking up their ailments on Google…we should be learning how to self-educate ourselves on personal finance. It’s never too late to learn this stuff – glad you’ve seen the light. Happy you’ve found value in these podcasts. Hope you become a regular listener and subscribe!

  2. It was great to hear the good Dr. Dahle have a candid conversation. I’ve been reading his site for years, and had a recent opportunity to publish a guest posts on his site.

    I feel like I know him (and you, Dr. Darko) a little better now.

    Thank you for the interview and for sharing it with the world!

    • Hi POF! Thanks for the comment and feedback on the interview. His website has definitely changed my mindset on how my family handles our finances! We were lost, but now we’re found! Hope you keep listening.

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