After a week’s hiatus due to the end of tax season, I want to write about a website that I mention to almost every new doctor client, basically as an independent, physician-written confirmation of my financial planning and investment methodologies. Dr. Jim Dahle at White Coat Investor is probably the pioneer of physician-focused blogs, and not only does his website have an incredible breadth of topics, but Dr. Dahle takes well-researched and sometimes aggressive stances, which he doesn’t back down from.
Here are a few of my favorite articles:
- Live like a Resident–lifestyle creep is a significant concern for all of us, especially physicians who experience a significant increase in income post-residency. If physicians can live like a resident for a few years post residency and then control their spending creep, then they should have incredible savings early in their lives.
- Debunking Whole Life–To say that the White Coat Investor dislikes whole life insurance is an understatement. He has at least seven or eight articles about the problems with whole life insurance, many of which include dozens of comments from whole life salesmen defending their policies and sales tactics, and Dr. Dahle doesn’t back down.
- What to do With Student Loans–Dr. Dahle has an outstanding flow chart for student loan repayment, when to use REPAYE-like plans, etc.
- The 10 Commandments is a great, simple manifesto of planning basics.
- Financial Considerations for Mid-Career Physicians is Dr. Dahle’s most recent article that encourages physicians in their 40s and 50s to think about where they stand financially and what changes they can make during their peak earning years to get back on track.
I hope you enjoy White Coat Investor’s blog as much as I have.