What My Finances Would Look Like Without WCI
From time to time, I get asked, "What would your financial life look like if WCI had never taken off?" Let's imagine the possibilities.
From time to time, I get asked, "What would your financial life look like if WCI had never taken off?" Let's imagine the possibilities.
If your tax returns get audited and you don't like the results, it's possible to appeal the IRS's decision. Here's what to know.
We should care about the ethics of investing, whether we're striving for financial independence ourselves or if we're teaching others.
I graduated from my MD/PhD combined-degree program this month. Was it the right decision for my career (and my bank account)?
Here's a pipe dream to consider: The White Coat Investor should offer a service that allows it to manage your money with AUM fees.
Answering even more reader questions about Roth accounts, including queries about SEP-IRA conversions, Roth IRA contributions, how taxes affect Roth conversions, and more.
It's time to announce the 2023 WCI Financial Educator of the Year award. The winner this year is seriously loved by those who nominated him.
How many disability insurance policies should a dual-income couple buy? The right answer might be two, one, or even zero. Here's why.
Here's how one physician's work in war-torn Ukraine affected him and his family and gave him a new lease on his life and career.
The residents we follow are about to finish their difficult intern years, where they battled steep learning curves and potential burnout.
Investing in turnkey real estate properties can bring you big returns without very much upfront work. Here's what you should know.
Financial milestones are worth celebrating! Set intermediate goals and celebrate achieving each of them on your path to financial independence.
Answering questions about 529s, the Secure Act 2.0, which funds to choose for your kid's Roth IRA, the best way to hire your children, and how much to spend on an engagement ring.
Total bond market index funds are not the way I would choose to invest in bonds. Here are some of the reasons why I don't care for them.
We talked to a pair of doctors who are worth more than $40 million about how they accumulated so much wealth and how they spend it.
There are now more options than ever to refinance your student loans while still in residency. Easy payments and less interest accrual is a winning combination for those not going for PSLF.
After much thought, our portfolio is changing this year from one reasonable portfolio to another. We'll see how it goes. Update in a decade.
Here are 8 steps to automate your financial life and help you reach your goals of financial freedom.
Student loans stink. To make matters worse, figuring out what to do with them can seem complicated. Here I present a flowchart that should help clear up the confusion.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.
The Roth IRA is a great start for building your nest egg. There's no better vehicle for investing, tax reduction, asset protection, and estate planning.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
Bloggers and authors often tell you that you'll be super happy once you're financially independent. They might not know what they're talking about.
New residents have a burning desire to buy a house but it's a huge gamble of your time and money at a period of life when you have little of either.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
Many beginning investors feel overwhelmed when trying to design and implement their investment portfolios. This detailed plan should help.
Learn the basics of real estate investing—from hard money loans to mezzanine debt, capital stacks to waterfalls, depreciation, 1031 exchanges, strategies, and lots more.
Now that the Secure 2.0 Act has been signed into law, here's everything you need to know about the changes for high-income earners.
The absence of a plan was intoxicating. I could go anywhere. My colleagues threw a party. I walked out of that hospital and never went back.
The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." Earn like an attending, but spend like a resident to become very wealthy, very fast.
I was going on maternity leave, and our income was about to dry up. Oh yeah, and we had a negative-$250K net worth. So, here's what we did.
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
More than 550 emergency medicine residency spots went unmatched this year. How did that happen, and what should be done about it?
Your financial and fitness goals often share the same principles. Here's what to know about getting in shape—with your body and your money.
How much money will you need to retire? Let's run through all the information you'll need to calculate your target number.
If you're not such a big fan of Jim Cramer and his stock picks, here's a way to try to make money off the opposite of what he recommends.
I thought I'd a rich dentist living with my family in a huge house. But I didn't know what I didn't know about student loans and finance.