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The White Coat Investor

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Welcome New Readers!

Welcome to The White Coat Investor website! We have a lot of fun here while we help each other to avoid doing dumb things with our money. All the information on the site is 100% free to you. There is a ton of information here, and I understand it can be overwhelming to the first timer, so I suggest you start here with this page. Thanks for stopping by and good luck with your finances and your practice!

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WCI Classics

Live Like a Resident

The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." If you're earning like an attending, but spending like a resident, you will become very wealthy, very fast.

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Hippies

Backdoor Roth IRA Ultimate Guide and Tutorial

This Backdoor Roth IRA tutorial takes you step by step through the contribution process including how to fill out IRS Form 8606. We'll show you how to get it done right and avoid mistakes that can cost you time and money.

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12 Questions to Ask Before Purchasing Whole Life Insurance

Should you buy whole life insurance? The short answer is, "Probably not." This is a product designed to be sold, not bought, where 80% of its purchasers eventually regret their decision. Are you one of the exceptions? Read this post to find out.

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150 Portfolios Better Than Yours

A good portfolio is broadly diversified, low-cost, passively managed, regularly rebalanced, and consistent with its owner's need, ability, and desire to take risk.

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The X Factor

Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which in turn breed wealth.

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kids on canyon ledge

Investing 101

Too many investors have never taken Investing 101. Here's your chance. Learn it from me or learn it in the school of hard knocks, but you will learn it.

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Latest Posts

physician finances

What Does Your Financial Report Card Look Like?

Add up the damage and figure out your financial GPA. In this school, we are grading on investments, debt, insurance, savings, income, and financial literacy.

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passive income md

Why Every Doctor Should Hire a Virtual Assistant

Would you like spending your energy and time on things you enjoy rather than on an ever-increasing to-do-list? Consider freeing up your valuable time by hiring a virtual assistant.

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malpractice

How to Not Get Sued

It turns out you don't have as much control over whether or not you get sued as you thought you did. So go worry about something else.

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Sorting Out An Academic Doc’s Finances – Podcast #79

Today we bring on a listener and help her fix financial mistakes made with asset allocation, insurance, financial advisors, taxes, risk tolerance, and more. Hopefully, it will help many of you in similar circumstances take charge of your finances.

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CPA Stephen L. Nelson

Section 199A (Pass-Thru Business Deduction) Tips for Physicians

The Sec. 199A deduction is still a little confusing but has become much more clear over the last year. Here are 11 tips to help you understand the new law and maximize the size of your deduction so you aren't leaving money on the table.

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student loans

Ultimate Guide to Student Loan Debt Management for Doctors

Student loan management can be tricky, particularly during residency. Finally, you have all the information you need to manage them from undergraduate until pay-off in one place.

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Buy Our Book!

The White Coat Investor: A Doctor's Guide To Personal Finance And Investing not only summarizes the most important information on the blog, but also contains material not found on the site at all.
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