The White Coat Investor

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The White Coat Investor
The White Coat Investor.jpg
Author James M. Dahle MD,
Publisher The White Coat Investor, LLC
Publication date
February 10, 2014
Pages 161 pages
ISBN 0991433106

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

Book summary

External links