White Coat Investor Podcast

What do you do when you find that you're living paycheck-to-paycheck on $600K+ per year?
The answer for Justin was to go on offense and maximize his income. He did all the normal things like maxing out retirement accounts, but also branched out into real estate investing and entrepreneurship. He streamlined his practice, started additional businesses associated with his practice, and even wrote a book and did some public speaking. He increased his income to over $2 million per year and that has allowed him to reach a net worth of over $8 million.
There are several paths to financial independence (index fund investing, real estate, entrepreneurship, etc.) and Justin shows us that you don't have to pick just one. Go and find the path that works for you.
The easiest way to make extra money right now is to start taking paid surveys. If you want to go on offense and increase your income, get started today, in your spare time. We maintain a list of survey companies for doctors at https://WhiteCoatInvestor.com/Survey 
This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100.
Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors.
Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones 
Website: https://www.whitecoatinvestor.com 
YouTube: https://www.whitecoatinvestor.com/youtube 
Student Loan Advice: https://studentloanadvice.com 
TikTok: https://www.tiktok.com/@thewhitecoatinvestor 
Facebook: https://www.facebook.com/thewhitecoatinvestor 
Twitter: https://twitter.com/WCInvestor 
Instagram: https://www.instagram.com/thewhitecoatinvestor 
Subreddit: https://www.reddit.com/r/whitecoatinvestor 
Online Courses: https://whitecoatinvestor.teachable.com 
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

We all know that the medical system in the U.S. is suffering, now the question becomes "How do we fix it?"
Author, Speaker, Coach, Podcaster, and Hospice Physician Dr. Jordan Grumet joins Dr. Jim Dahle on this episode of The White Coat Investor Podcast to discuss the reasons behind the runaway costs of healthcare, who is to blame, and what can be done about it. Jordan explains the central idea in his new book, The Healthcare Heist, that doctors and patients can come together to fight against the interested third parties who don't provide any care at all, yet extract record profits from our healthcare system.
Jordan proposes that doctors and patients have been set against each other by these interested third parties in order to distract us all from their profiteering behavior, and that the big unlock here is for doctors and patients to recognize that we are allies and that we can and should come together to change the healthcare system for the better.
This episode is brought to you by KeyBank! For six years, White Coat member benefit partner, Laurel Road, has been part of KeyBank. As of March 16th, that partnership becomes even stronger as Laurel Road is now officially under the KeyBank brand. With the transition to KeyBank, the same tools and services you rely on now come with enhanced resources and support and the same great experience you trust. WCI members can continue to enjoy the benefits and financial resources as they always have, with even more support from KeyBank. To learn more and for terms and conditions, please visit https://www.whitecoatinvestor.com/keybank
Learn more about Dr. Jordan Grumet and order his new book, The Healthcare Heist here: https://jordangrumet.com 
The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles.
Website: https://www.whitecoatinvestor.com 
YouTube: https://www.whitecoatinvestor.com/youtube 
Student Loan Advice: https://studentloanadvice.com 
TikTok: https://www.tiktok.com/@thewhitecoatinvestor 
Facebook: https://www.facebook.com/thewhitecoatinvestor 
Twitter: https://twitter.com/WCInvestor 
Instagram: https://www.instagram.com/thewhitecoatinvestor 
Subreddit: https://www.reddit.com/r/whitecoatinvestor 
Online Courses: https://whitecoatinvestor.teachable.com 
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

In this episode of the Milestones to Millionaire Podcast we talk to Dr. William Hurtt, a Podiatric Surgeon who has paid off $415,000 in student loans in only 36 months. While paying off over $400K in loans, he also managed to buy a practice and pay that off too!
Will credits his success to living like a resident, delaying gratification, and investing in yourself and your future income. When you pay attention to your finances and delay growing into your attending income, it's amazing what you can accomplish.
One of the most underrated financial moves in medicine is working locum tenens. It pays significantly more on average, and you can work locums full time or on the side of your full time. When you work with CompHealth, the #1 staffing agency, they cover your housing and travel costs —which on top of higher pay, really adds up.
Locums also gives you more control of your career, allowing you to go where you want, when you want, with a schedule that works for you. It's the perfect way to get ahead financially while getting focused on what you love.  Whether it's locum tenens or a regular permanent position, visit https://whitecoatinvestor.com/CompHealth and build your career your way with the power of CompHealth.
Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors.
Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones 
Website: https://www.whitecoatinvestor.com 
YouTube: https://www.whitecoatinvestor.com/youtube 
Student Loan Advice: https://studentloanadvice.com 
TikTok: https://www.tiktok.com/@thewhitecoatinvestor 
Facebook: https://www.facebook.com/thewhitecoatinvestor 
Twitter: https://twitter.com/WCInvestor 
Instagram: https://www.instagram.com/thewhitecoatinvestor 
Subreddit: https://www.reddit.com/r/whitecoatinvestor 
Online Courses: https://whitecoatinvestor.teachable.com 
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

If your bank or brokerage failed tomorrow, would your money actually be protected?
In this episode we break down how FDIC protections actually work and what those protections mean for your money. We also cover SIPC protection for brokerage accounts, including what it actually does and what it does not do, and we walk through why a good money market fund is often a smarter place for significant cash than a bank account in the first place.
We also cover a run of listener questions, such as: Why the S&P 500 and total stock market index funds are now technically classified as "not diversified", and what that means for your portfolio. How to think about divesting from AI-related stocks. Career and financial planning for a physician facing a degenerative illness. And the asset protection tradeoffs of adding a spouse to a business LLC.
Understanding how bank and brokerage accounts are protected, and how they're exposed, is a crucial step in making sure your money is safe.
One of the most underrated financial moves in medicine is working locum tenens. It pays significantly more on average, and you can work locums full time or on the side of your full time. When you work with CompHealth, the #1 staffing agency, they cover your housing and travel costs —which on top of higher pay, really adds up.
Locums also gives you more control of your career, allowing you to go where you want, when you want, with a schedule that works for you. It's the perfect way to get ahead financially while getting focused on what you love.  Whether it's locum tenens or a regular permanent position, visit https://whitecoatinvestor.com/CompHealth and build your career your way with the power of CompHealth.
The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles.
Website: https://www.whitecoatinvestor.com 
YouTube: https://www.whitecoatinvestor.com/youtube 
Student Loan Advice: https://studentloanadvice.com 
TikTok: https://www.tiktok.com/@thewhitecoatinvestor 
Facebook: https://www.facebook.com/thewhitecoatinvestor 
Twitter: https://twitter.com/WCInvestor 
Instagram: https://www.instagram.com/thewhitecoatinvestor 
Subreddit: https://www.reddit.com/r/whitecoatinvestor 
Online Courses: https://whitecoatinvestor.teachable.com 
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

Should you ever save up and pay cash for something as expensive as a $200,000 custom camper van, or does that break every rule of personal finance?
In this Milestones to Millionaire episode, Teresa, a child and adult psychiatrist, and Pete, a family medicine physician, share how they paid entirely in cash for their dream RV rather than financing it at a rate close to 9 percent. They walk through how they paid off all student loans first, then spent two years aggressively saving while waiting on the van's custom manufacturing waitlist, treating it as a kind of pre-home home before eventually buying two properties, including a $1.6 million house in Orange County.
Pete and Teresa also open up about their financial dynamic, Pete defers almost entirely to Teresa's money management, and Teresa, drawing on her psychiatric background, explains how upbringing and past experience shape spending behavior. Pete shares how growing up with financial instability gave him an urge to spend money as soon as it appeared, an instinct he has had to consciously work against, while Teresa's more conservative approach helped guide their long-term saving strategy.
Their advice for anyone saving toward a big purchase: find the small, cumulative decisions you are willing to make consistently, since those are what make room for the big ones that actually matter to you.
This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100.
Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors.
Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones 
Website: https://www.whitecoatinvestor.com 
YouTube: https://www.whitecoatinvestor.com/youtube 
Student Loan Advice: https://studentloanadvice.com 
TikTok: https://www.tiktok.com/@thewhitecoatinvestor 
Facebook: https://www.facebook.com/thewhitecoatinvestor 
Twitter: https://twitter.com/WCInvestor 
Instagram: https://www.instagram.com/thewhitecoatinvestor 
Subreddit: https://www.reddit.com/r/whitecoatinvestor 
Online Courses: https://whitecoatinvestor.teachable.com 
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter