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

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!

Great and Helpful Read

If you could sum up The White Coat Investor in three words, what would they be?

Helpful, Required, Amazing

What did you like best about this story?

It helps break down what all medical school students should both expect and do after graduating medical school

What does Troy W. Hudson bring to the story that you wouldn’t experience if you just read the book?

You can listen to it while driving to work!

Did you have an extreme reaction to this book? Did it make you laugh or cry?

n/a

Any additional comments?

All medical students (4th years) and residents (if you haven't already) should read this!

Narrator not great

Please remove the dictated websites and sources at the end of each chapter. Maybe place all in a single website organized by chapter so audible readers can access at a later time. Listening to long web addresses can be frustrating.

That said the content is extremely helpful. Definitely worth the read.

Very Informational book

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

A Wealth of Information for Doctors

There was so much great information, I plan on listening to it again and again.

Reads every URL

Who thought it would be a good idea to have the narrator to spend several minutes at a time reading full URLs of “supplemental” information. It hurts the ears to listen to the narrator to spell out several URLs at the end of each chapter and you have to constantly skip parts of the book as it gets annoying very fast.

The information of the book was good

So mind-opening.

incredible book. wish I had seen it sooner. will definitely recommend it to friends and colleagues

Reads poorly. Buy anyways

There DASH are DASH about DASH 100 DASH reasons DASH every DASH doctor DASH should DASH read DASH this DASH book. I have listed them in figure 1...

Worth the time

Great book for high income earning professional to read or listen to. Just ignore the "dash dash" part at the end of every chapter. The narrator obviously cannot avoid saying it for the sake of the listeners that don't have the book but would still like to search the websites or references mentioned as resources.

An eye-opener

From a physicians perspective who knows and understands the ropes of finances and investing. He provides a best approach method to physicians investments and a few tricks that I intend to employ myself.
I recommend this to all medical students and anyone that's further in their training. the sooner you start, the better you will be.