White Coat Investor Podcast

I received a couple of questions about cars in the Facebook group https://www.whitecoatinvestor.com/facebookgroup and thought it would be interesting to compare and contrast them. See the show notes for more information at https://www.whitecoatinvestor.com/ This podcast is sponsored by Sofi https://www.whitecoatinvestor.com/Sofi a long time White Coat Investor partner.

Unlike our typical shows where we answer questions people have pre-recorded, this episode will be a bit of a back and forth with a listener who had a lot of questions. Show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Alexis Gallati of Gallati Professional Services. Visit Alexis’ website at https://www.gallatitax.com/ today. https://www.whitecoatinvestor.com/scholarship/ Submit essays to scholarship@whitecoatinvestor.com https://www.whitecoatinvestor.com/BootcampAudible

Should you start a retirement plan for your office? When is it worth starting? What things should you consider? https://www.speakpipe.com/whitecoatinvestor. See this episode's show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Earnest. Save money on your student loans by refinancing with Earnest at https://www.whitecoatinvestor.com/earnest. Check out our updated Reddit page at https://www.whitecoatinvestor.com/reddit https://www.whitecoatinvestor.com/financial-advisors/

"Your investing should be very, very boring." Allan Roth shares lots of wisdom like this in this episode. Read the show notes at https://www.whitecoatinvestor.com/ If you are in need of financial planning or advice, check out our recommended list of financial advisors at https://www.whitecoatinvestor.com/financial-advisors/ This episode was sponsored by Bob Bhayani at https://drdisabilityquotes.com/. Contact Bob today by email at info@drdisabilityquotes.com or by calling (973) 771-9100.

A listener asked me how to prioritize loans from their parents. We get into more details about borrowing money from family in this episode. Check out the show notes for this episode at https://www.whitecoatinvestor.com/ This episode is sponsored by the Origin Income Plus Fund, a diversified private real estate fund targeting a total annual return of 9 to 11%. Learn more by visiting www.originincomeplus.com/wci. Become a member of the Facebook group at https://www.facebook.com/groups/whitecoatinvestors/

Dr. David Draghinas is probably best known in this community for his podcast, Doctors Unbound, https://www.doctorsunbound.com/ where he shares inspiring stories about doctors doing extraordinary things. https://www.whitecoatinvestor.com/ Registration for WCICON20 opens at 7pm MST on July 8th. https://www.facebook.com/groups/whitecoatinvestors/ I'd like to thank this episode's sponsor, Origin Investments. Learn more by visiting www.originincomeplus.com/wci.

How does the US tax foreign investment income? Foreign income is taxed as ordinary income on your US tax return. The places that are paying higher interest rates are generally expected to depreciate against the dollar. So should you invest in foreign currency trading? Listen to this episode to learn more. Find detailed show notes and links to everything discussed in this episode at https://www.whitecoatinvestor.com/ Registration for WCICon20 starts at 7:00 PM Mountain Time on Monday, July 8th.

Episode #109 Rick Ferri is a financial advisor and an accomplished author of 7 books related to investing. I consider him the heir apparent to Jack Bogle. In this interview we discuss passive investing and why you should be investing in index funds. As well as financial advisory fees and negotiating those fees with your advisor.

Episode #108 What is Value Averaging and How Does it Work? It is an investing strategy that works like dollar cost averaging in terms of steady contributions, but differs in its approach to the amount of each contribution. My problem with it is mainly the side fund, the complexity and the extra work. I realized pretty early on I didn’t need to do that to reach my goals but I discuss how to do it in this episode if that is something you want to try.

Episode #107 I first met Bill Bernstein at the Bogleheads Conference in 2008. I was a Bernsteinhead before I was ever a Boglehead. The Four Pillars of Investing was certainly one of the first good books on investing I ever read and had a huge influence on my financial outlook. This interview with Dr. Bernstein is chalk full of so much financial wisdom that every investor should know.

Episode #106 We talk about tips for physicians starting a family in this episode. You have to realize it has dramatic changes on retirement dates - pretty easy to FIRE without kids. Kids not only introduce additional expenses but can also change your lifestyle. It is a big decision. What do you want out of your life?

Episode #105 Our guest this episode is Jonathan Clements, a previous WSJ columnist and an author. From Jonathan, "There are those who think the goal of investing is to beat the market and amass as much wealth as possible, that street smarts and hard work ensure investment success, and that the road to happiness is paved with more of everything. And then there are those who get it. Want a more prosperous, less stressful financial life?" Listen to this episode.

Episode #104. Many financial advisors are salesmen masquerading as financial advisors. You need to learn how to differentiate between the two so you make sure you are getting good advice at a fair price. In this episode you can learn how to to do that as well as how to move away from your salesman financial advisor if you find yourself working with one.

#103: Reduce Burnout with the Physician Philosopher Our guest this episode is Jimmy of The Physician Philosopher blog. Despite his youth, he already has some impressive personal finance experience; he increased his net worth by 1/4 of a million dollars in his first year out of training and paid off $200,000 in student loans in 19 months. He clearly knows how to Live Like a Resident. But it is his focus on balance, contentment, burnout, life design, and living intentionally that we focus on today.

Episode #102. There are lots of ways to pay for a home, 15 year mortgages, 30 year mortgages, fixed, ARMS, paying all cash. What is right for you? I answer listener questions in this episode about buying a house and the right way to pay for it.