We are pleased to announce that the long-awaited White Coat Investor Online Course went live this morning and is available for purchase. The course is entitled:
A Step by Step Guide to Creating Your Own Financial Plan
Over the years that I’ve been helping doctors and other high-income professionals stop doing dumb stuff with their money, I’ve learned that most of them aren’t hobbyists. They don’t find personal finance and investing all that interesting. In fact, if given the choice, they’d rather not do it at all. Ideally, they would hire a “money guy (or gal)” who would take care of all this for them for a reasonable price.
Does that describe you? If so, it’s time to get rid of that unease. I know you’re busy. I know you don’t actually enjoy this stuff. But you also know that you need to learn this stuff. I’m going to help you do it in the least painful way possible.
This course is for you. No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For 1/10th the price and half the time of hiring a professional financial planner, this course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency, but never was.
Benefits of the Course
When you finish the course, you’ll feel confident that:
- You have all the insurance you need at the best possible price and none of the insurance you don’t need
- You are managing your student loans the right way, maximizing the benefits of government programs, minimizing interest paid, and getting out of debt as soon as possible
- You are either capable of managing your investments yourself, or you are paying a competent advisor a fair price to do it for you
- You are saving enough money to reach your goals and can spend the rest on whatever you like without feeling guilty
- You aren’t paying any more taxes than you need to
- Your children and your assets will be taken care of if something should happen to you
- Your assets are protected from lawsuits as much as possible with a simple, straightforward, and inexpensive plan
- You have a written plan to follow that will guarantee your financial success
What's In The Course
The course includes 12 modules, covering all of the must-know subjects that belong in your financial plan. Lectures are presented as videos and screencasts, over 7 hours total. There is also a pre-test, a quiz for each section, and a final exam to help you know that you’re mastering the material. Each quiz and the final exam include full explanations of why one answer is right and another is wrong. Most importantly, the course includes examples of what your financial plan should look like that you can modify and use as your own. Best of all, you can do the course as quickly or as slowly as you like. Each presentation is just a few minutes long and most of the twelve sections only last about a half hour. You can complete the course in any order, skip what you already know, and go back and review any material you struggle with later. Once you buy the course, it's yours forever.
Section 1: Introductory Material
Section 2: What You Need To Know About Financial Advisors
Learn about what advisors can do for you, how much they cost, how they get paid, how to choose a good one, and how to use one. Also included is a discussion of whether you need a financial planner and/or an investment manager at all. Then you're taught how to move your money away from an advisor to a low-cost firm where you can manage it yourself.
Section 3: What You Need To Know About Insurance
Discover what the pros and hobbyists know about insurance. Learn how to buy the types of insurance you need such as disability, term life, liability, property, and health insurance. Learn why you shouldn't mix investments and insurance. A screencast walks you through how to get your own life insurance quotes in seconds. Finally, I help you write the insurance portion of your written financial plan.
Section 4: Developing a Plan For Your Housing
Learn when you should buy a house and when you should rent. Learn how much to spend and how to interact with realtors and lenders to get the best deal. Discover the benefits and downsides of a physician mortgage loan. Get a plan in place to pay off that mortgage early. Have a written plan for your housing, including any second or vacation homes.
Section 5: Destroying Your Student Loans
Discover the secrets of the government income-driven repayment and forgiveness plans. Learn how and when to refinance loans during and after residency. Learn what you should do instead of forbearance or deferment. Learn how to be free of your student loans in less time than it took you to complete medical school. Put a plan in place to
manage destroy your student loans once and for all!
Section 6: How to Spend Money to Increase Current and Future Happiness
Learn the secret to financial success as a physician. Hit the ground running for the most important year of your financial life! Learn how to plan your spending, manage sinking funds, develop an appropriate emergency fund, minimize your fixed expenses, and create a plan that ensures you're spending your money on what you value most.
Section 7: Creating Your Investing Plan Part One – Setting SMART Goals That Matter to You
The next three modules cover investing. Learn to set goals that won't end up like your New Year's resolutions. Discover the three enemies of the investor. Determine how much you need to retire. Learn how Social Security will play in to your retirement and what savings rate you will need to reach your goals. Master financial calculations like Future Value, Payment, and Period.
Section 8: Creating Your Investing Plan Part Two – Understanding Your Investing Accounts
Master the use of taxable accounts, 401(k)s, 403(b)s, 457(b)s, Defined Benefit Plans, SEP-IRAs, Individual 401(k)s, traditional IRAs, SIMPLE IRAs, and Roth IRAs. Learn how to do a Backdoor Roth IRA and to use the triple tax-free Stealth IRA. Dramatically decrease your tax bill while protecting your assets from lawsuits. Learn the rules behind using more than one 401(k) and how to use college savings accounts to your advantage. No longer will America's crazy retirement scheme be like alphabet soup to you.
Section 9: Creating Your Investing Plan Part Three – Asset Allocation and Implementation
In the longest section of the course, learn about stocks, bonds, real estate, currencies, cryptocurrencies, collectibles, options, actively managed mutual funds, index funds, and dozens of asset classes. Become familiar with academic arguments for and against factor investing. Learn the merits of a simple investing approach and the pros and cons of adding complexity to the portfolio. Master asset location techniques and learn to invest as tax-efficiently as possible. Learn how to choose an asset allocation and how to implement it across multiple investing accounts. Discover how to rebalance and how investing during retirement years is different than the rest of your career.
Section 10: Estate Planning
Discover the purposes of estate planning and why you need a will and a trust. Learn how to avoid probate and designate beneficiaries. Minimize any tax due at the time of death. See how trusts can reduce the size of your estate and ensure your desires are carried out. Learn how and when to meet with an estate planning attorney.
Section 11: Asset Protection
Learn to evaluate your risks and put up a strong defense against professional and personal lawsuits. Learn the asset protection laws in your state. Discover the pros and cons of incorporating your practice. Separate your toxic assets from non-toxic assets. Learn about advanced asset protection techniques like overseas trusts, family limited partnerships and LLCs. Understand how to put together a simple, inexpensive, effective plan to keep what you have earned.
Section 12: Staying The Course
Learn market history, what to expect during your investing career, and how to stick with your plan through good times and bad. Discover the importance of initial and continuing financial education. Learn how and when to modify your financial plan and finalize it for use. Crush the final 50-question exam, marveling at how much you have learned since taking the pre-test back in Section 1.
Twelve modules containing 8+ hours of high-quality, high-yield, unbiased financial education. Think about how many books you would need to read to get all this information and adapt it to your unique situation. Think about how many hours you would have to spend perusing blogs and internet forums. Calculate how much your own time is worth. Consider how much a financial advisor would charge to do this for you – $2,000-5,000 plus ongoing fees for years. Think about how much it would cost just for an hourly rate advisor to teach you these eight hours of material at $200-500 an hour. Then consider the value that this course could provide for you for just a few hundred dollars.
Rather than trying to pack as much information as possible into the course, I have only included high-yield, must-know topics so you’re not wasting your time. My goal is to take you from having no financial plan, to having a straightforward, written plan you believe in and can follow the rest of your life in as little time as possible. Go from being financially illiterate without a clue to being the most financially knowledgeable doc in your group with an expertly written financial plan in hand.
$499 is a lot of money. I fully recognize that. But considering that the going rate for a financial plan is typically several thousand dollars and that this information is likely to save/make you hundreds of thousands or even millions of dollars over the course of your career, this course is a bargain at twice the price. As people, we value and we commit to what we are willing to pay for. I want to help you to commit to your own financial future, and this entire course, including its price, is designed to help you do that.
No more feeling clueless about personal finance and investing. No more wasting time and money on stuff that isn’t making you happier. Let’s get rid of your debt and start building wealth to eliminate financial stress from your life. It’s time for you to become the “rich doctor” that your family, friends, and patients already think you are. Then you can focus on what you really care about- your family, your patients, and making the world a better place than you found it.
There Is No Risk
Not sure you want it? Hesitant to commit the time and money to taking control of your finances? How about this, I'll give you 7 days, risk-free, to decide. That's right. For the first week after you purchase it, you can return the course and get every dime back if it isn't the life-changing experience I know it will be. I know I can trust you not to take advantage of me with this offer, because I know you will feel just like the tens of thousands of other high-income professionals I have helped over the years like those who left these comments on the blog just in the last few weeks:
No other book I have EVER read kept me engaged afterward with a blog. Your blog is the only one I’ve continued to read for years. Your blog teaches me something new every week. I recommend your blog to many, especially young doctors. Dude, you are just plain smart and dedicated. I am now a diligent “White Coat Investor”. You are a physician entrepreneur hero. My family thanks you for every month of my earlier retirement. You are teaching people to earn freedom.
I have such tremendous respect for your work…Thank you for…continuing to help us health care providers get a fair shake in this ever changing industry. Know you have personally been a tremendous help to me, and you have an ever-growing fan club of support here in my region because of your expertise.
Thank you for creating this great community and for all I have learned. It’s…wonderful that you were able to find a way to help other physicians with the business you created.
My finances are in order at the beginning of my career thanks to my WCI education so I will “get rich slowly” long before a “normal” retirement age. Thanks tons Dr. Dahle!
As an orthodontist, I have been a follower for over 4 years now and I have spread the word of the WCI empire along to all my other dentite and non-dentite friends and colleagues. I talk about Backdoor Roths, HSAs, and all the other abbreviations to everyone I know thanks to you and your site.
I think [you have] really changed my approach to life and money. Before I used to just think about saving and not overspending. However, after reading a lot I’ve definitely adjusted my strategy to think long term about things like early retirement which I’d never thought about before.
So, I have you to thank for re-igniting that spark, which has led to getting our financial plan in order. And, I’ve even taken your advice on how to channel some of that financial energy after I’d done most of the big things: teach others. Last month, I began teaching a personal finance curriculum for my department’s residents! Hopefully, we can all take what you started to reach more and more physicians!
I have to been able to pass 7 figures five years post-residency because of [you.]
Time to Take Action!
The sooner you purchase and complete the course, the sooner you can apply this valuable information in your life and get a “fair shake” on Wall Street. Spend eight hours with me for just $499 and optimize your financial life.
Purchase the course today and let’s get started. It's time to get financial stress out of your life.
What do you think? Who do you know whose life would be changed by taking this course? What other courses would you like to see from The White Coat Investor? Have you taken the course? Leave your testimonial here as a blog comment for those considering following in your footsteps. Comment below!