The White Coat Investor: A Doctor's Guide To Personal Finance And Investing

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, t 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 ten years of residency graduation Use a Backdoor Roth IRA and Stealth IRA to boost your retirement funds and decrease your taxes 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 of your hard earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place Allan S Roth, MBA, CPA, CFP , Author of How a Second Grader Beats Wall Street Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research William J Bernstein, MD, Author of The Investor s Manifesto and seven other investing books This book should be in every career counselor s office and delivered with every medical degree.
The White Coat Investor A Doctor s Guide To Personal Finance And Investing 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

  • Title: The White Coat Investor: A Doctor's Guide To Personal Finance And Investing
  • Author: James M. Dahle
  • ISBN: null
  • Page: 377
  • Format: Kindle Edition
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      Posted by:James M. Dahle
      Published :2018-06-10T13:26:52+00:00

    About the Author

    James M. Dahle

    James M. Dahle Is a well-known author, some of his books are a fascination for readers like in the The White Coat Investor: A Doctor's Guide To Personal Finance And Investing book, this is one of the most wanted James M. Dahle author readers around the world.

    141 Comment

    • Andy said:
      Sep 26, 2018 - 13:26 PM

      Recommended to me by an American physician. I don't think this is of interest to an audience beyond that. The question then is whether this is the best book for physicians. If you're a med student or resident and will read this because it has a stethoscope on the cover, and you refuse to read anything else on the topic, then this book will be very valuable. But if you can get past the white coat, I think there are better options. The irony of this book is that the central premise is doctors are [...]

    • Nick said:
      Sep 26, 2018 - 13:26 PM

      Extremely useful introThis book is an excellent introduction to finances for any physician, especially one in residency, or medical student. I highly recommend it to anyone/everyone in our profession. It was recommended to me by a senior resident my first year of residency, and I have been passing it on ever since.

    • Jonathan Lee said:
      Sep 26, 2018 - 13:26 PM

      This is an amazing book that taught me a lot that I never knew about personal finance. Doctors spend hundreds of hours reading different texts, but often know nothing about how to handle money. This book has inspired me to do more reading on subjects like personal finance, taxes, investment, real estate, and retirement.

    • Patrick Tucker said:
      Sep 26, 2018 - 13:26 PM

      This is an easily understood book that provides a small glimpse of the financial situation that high income earners are in and how to handle the burden of being a high income earner. Specifically this is tailored to physicians and I would hesitate to recommend this book to anyone outside of some sort of medical profession.A small portion of the book is a summary of the very excellent "The Millionaire Next Door" which leads me to recommend reading that first. This could be seen almost as an adden [...]

    • Danielle W said:
      Sep 26, 2018 - 13:26 PM

      This book is not horribly detailed, but it is easy to read. It is broken down in to manageable chapters. Each chapter also offers you more reference material, both books and websites. My husband will graduate from medical school this June. While I would consider myself well knowledges in debt removal/avoidance, this is a good time to begin looking forward: what do we do with this new income, and how do we keep it safe. This book is a great starting point for that.

    • Scott said:
      Sep 26, 2018 - 13:26 PM

      A good succinct read. Initially I felt it was full of self promotion, but ultimately there was good financial advice on multiple levels. Like most wealth development books I left it feeling inspired to be responsible in my saving and future. The most powerful advice that I found was for MD's to leverage tax free retirement savings. This included the "stealth IRA/HSA". I hope to be able to follow up on some of his later investment advice.

    • Lindsay N said:
      Sep 26, 2018 - 13:26 PM

      A fabulous review on basics in finance that pertain to physicians—pre medical student, medical students, residents, fellows, new Attendings and out of training Attendings. All can gain insight and pearls from this books. I highly recommend Themis book to anyone who knows nothing of personal finance and needs a jump start into becoming financially healthy.

    • Juan Vargas said:
      Sep 26, 2018 - 13:26 PM

      Pretty awesome introduction to managing one's finances. It's geared specifically for doctors, but I think anyone could learn more than a thing or two from reading this book. Basically, you want to live below your means, put an emergency fund away, save a lot more for retirement than you think you'll need, and be really careful about who you hire to manage your finances, if you hire anyone.

    • Jfes said:
      Sep 26, 2018 - 13:26 PM

      Game changer for most DocsThis book changed my life and my family's future. This is my second time through it. It is a practical action plan to taking back the control we all give up some time during the long road of training we endure. Easy to read and understand. Thank God for the white coat investor.

    • Andrea said:
      Sep 26, 2018 - 13:26 PM

      Anyone thinking about going into the medical field should read this book. Anyone already in medical school should read this book. Anyone in residency should read this book. Any physician should read this book. This book is a great introduction to the specific financial issues doctors face in their careers.

    • Danielle De said:
      Sep 26, 2018 - 13:26 PM

      Required Reading for (New) Physicians Good into to many financial topics that the average young physician has probably never even heard of. Likely a good starting point to further reading. I would recommend to others.

    • Arun said:
      Sep 26, 2018 - 13:26 PM

      An internet search is free. This book is 10$. Choose wisely. While I did learn a few things through this book, I should have realized that using a search engine and the power of the internet, I probably would have learnt a lot more and understood better.

    • Monica Tone said:
      Sep 26, 2018 - 13:26 PM

      Straightforward and readable presentation of basic personal finance information for the physician with very limited prior knowledge of the topic. I found this book very useful and will be referencing it again in the future.

    • Joshua said:
      Sep 26, 2018 - 13:26 PM

      Glad i boughtThis is a great,well written book. As a MS3 at a very expensive school I found this book very helpful and hopeful. Will carry this information with me throughout my career and beyond

    • Nick Keaton said:
      Sep 26, 2018 - 13:26 PM

      Excellent resourceEasy read filled with great information and even better links for more resources. Really should be read by every doctor, and this is coming from someone who hates finances, taxes, and all things saving.

    • Eric said:
      Sep 26, 2018 - 13:26 PM

      If you are a professional of any kind, this book will help you save tons of money in the long run. It is one of the most helpful, straight forward, easy to follow, BS free, sales job for other products free, financial book I have ever read.

    • Abizer Sakarwala said:
      Sep 26, 2018 - 13:26 PM

      Should be required reading for all resident physicians. Simple, easy steps that any high-earning professional can take to pay down debt, invest wisely to build wealth, reduce taxes, and protect themselves from financial disaster. Great high-yield intro to personal finance.

    • Trey Stai said:
      Sep 26, 2018 - 13:26 PM

      Overall great read. Author is very conservative in views of how you should live and what you should do with your money, but regardless, lots of good info presented at a basic level able to be understood by most without financial background.

    • Alex Chiu said:
      Sep 26, 2018 - 13:26 PM

      I used audible and listen whenever I'm tired. Repeatedly. This is not just a one time book, but lessons pretty valuable, simple, and applicable. It's also very inspirational for me to pace out the map for my future!

    • Evan Zeh said:
      Sep 26, 2018 - 13:26 PM

      Great read for any healthcare professionalDoesn't matter if you're a student/resident/new professional or someone who has been working for a few years, there are a ton of helpful tidbits and virtues to live by.

    • Ben Wainblat said:
      Sep 26, 2018 - 13:26 PM

      Fantastic intro to finance; easy read. I'll likely follow up on the other books the author recommended.

    • Mary Elhardt said:
      Sep 26, 2018 - 13:26 PM

      Excellent introduction to finance for people who have never read a book on finance. Great resources cited for additional information and exploration. It is a must read for every physician!

    • Jeffrey said:
      Sep 26, 2018 - 13:26 PM

      Awesome Highly recommend this book for anyone who went to grad school and has debt! Easy read. Great book on personal finance

    • Cindy said:
      Sep 26, 2018 - 13:26 PM

      Perhaps it's a bit late to start thinking about financial plans for retirement 😳. Some good info in this book. Really did not like the narrator though.

    • yomi said:
      Sep 26, 2018 - 13:26 PM

      Great read!!!Very simple and eye opening experience for someone like me just starting out in my attending life and investment prospects. A good foundation to build upon.

    • Matt said:
      Sep 26, 2018 - 13:26 PM

      Good financial book for people who have gone through long training programs with minimal financial background, subsequent high student debt, and delayed incomes and are playing financial catch up.

    • Renzhong said:
      Sep 26, 2018 - 13:26 PM

      Excellent book on personal finance tailored toward the physician career. The lessons are immediately applicable as I begin my residency training.

    • Alexander said:
      Sep 26, 2018 - 13:26 PM

      Easy to read, but very basic. Suggests many additional sources to go deeper.

    • B said:
      Sep 26, 2018 - 13:26 PM

      Sound financial advice, especially for physicians. The author prioritizes sound financial advice over sound life advice (they are not the same thing) a bit too often for my tastes, but like any worthwhile doctor: you can like their advice even if you don't always like them.

    • Tricia said:
      Sep 26, 2018 - 13:26 PM

      This book is a very good read for anyone in the medical field as it pertains specifically to the unique course doctors take on their road to financial freedom (i.e. a hell of a ton of debt first). This book was helpful to me because 1) I love reading about finances 2) My husband has already decided on a specialty and is in his final year of residency, therefore we are making a lot of financial decision at the moment and 3) We have specific financial goals and have already started laying the grou [...]

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