The White Coat Investor
Author | James M. Dahle MD, |
---|---|
Publisher | The White Coat Investor, LLC |
Publication date | February 10, 2014 |
Pages | 161 pages |
ISBN | 978-0-9914331-0-0 |
The White Coat Investor is written by James M. Dahle, MD, known on the forum as EmergDoc. The book specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. The book concentrates on business, personal finance, investing, insurance, taxes, estate planning, and asset protection.
About the author
James M. Dahle, MD, FACEP grew up in Alaska before attending school in Utah and residency at the University of Arizona. He spent four years in the US Air Force, practicing medicine on four different continents. Now he is a practicing emergency physician in the Salt Lake City area who has been a Boglehead since long before the transition from the Morningstar Vanguard Diehards forum. He developed an interest in personal finance and investing as a resident after being taken advantage of by several unscrupulous financial professionals. In 2008, he wrote Chapter 4, Individual Retirement Arrangements, in The Bogleheads Guide to Retirement.
He started The White Coat Investor blog in May 2011 in order to help doctors, dentists, their trainees, and other high income professionals get a "fair shake" on Wall Street. In February 2014, he published his first book, The White Coat Investor: A Doctor's Guide to Personal Finance and Investment.
Table of contents
Chapter 1: The Big Squeeze
How increasing tuition, decreasing reimbursement, and regulatory hassle are trying to ruin your life
Chapter 2: Millionaire by 40
How to have a seven-figure net worth five to ten years out of residency
Chapter 3: If I Had a Million Dollars
How to convert income to wealth and vice versa
Chapter 4: Medical School and Your Wealth
How picking the right school and specialty can affect your bottom line
Chapter 5: Residency and Your Wealth
Which financial chores you must do as a resident
Chapter 6: The Secret to Becoming a Rich Doctor
How to get out of debt, buy your dream house, and hatch a nest egg within five years of residency graduation
Chapter 7: The Retirement Number You Control
Why your savings rate matters more than your investment return
Chapter 8: The Motorway to Dublin
How to quit throwing your money away on stupid investments
Chapter 9: Getting Off the Motorway
What you need to know about investing in real estate, whole life insurance, private investments, and your own house
Chapter 10: Paying the Help
How to get good advice for a fair price
Chapter 11: The Basics of Asset Protection
How to protect your hard-earned money from lawsuits
Chapter 12: Estate Planning Made Simple
How to avoid estate taxes, protect your heirs, and avoid probate
Chapter 13: Income Taxes and the Physician
Why you pay too much in taxes and what to do about it
Chapter 14: Choosing a Business Structure
Why incorporating will not protect you from malpractice suits or save you much in taxes
Chapter 15: Enjoying the Good Life
How to quit worrying about your finances
Chapter 16: The Mission of The White Coat Investor
How to help doctors quit getting ripped off