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Remember that half of America lives on less than a resident salary. Nobody is suggesting that residents are well paid for the amount of education they have and the amount of work they do. But they learn to live on that income during residency. Why not continue that for a

While having wealth and having a high income at some point in life are two fair highly correlated activities, they are not the same thing. Wealth is not income. Income is what you make in a given year. Wealth is what you have. Are you doing what's necessary to turn your

If you couldn’t work tomorrow, how would you pay your bills? An illness or injury could cost you millions, and all the financial security you have worked so hard to gain. Secure your future income. Get a disability insurance quote today at whitecoatinvestor.com/insurance

Doctors are told that "doctors buy these policies", so they do. I would estimate that, even among doctors, only 1% has a legitimate need for a whole life policy. Being a wealthy doctor isn't necessarily a reason to buy one, so being a typical doctor certainly is not. How

When I first started writing about investing, I didn't realize how hard this was for people to understand when to invest. Here's the answer . . . Invest now. Now. Again. Now. Now. Do it now. Now. Whenever you wonder when you should invest, remember this advice. Do it now.

Anyone promoting returns of 30%, 40%, or 50% is offering something too good to be true. High returns come with high risk. Extremely high returns not only come with extremely high risk, but the return/risk correlation ratio no longer exists. You just get risk. We have been

40% of homes are paid off these days. Almost none of those homeowners seem to regret it. Thinking about paying off your mortgage early? How do you decide whether to leave the equity in your home or use it elsewhere? Do you plan to pay off your mortgage before retirement?

Just starting your financial education? Here are a few ideas to get you started. ▪️ Personal Finance: Personal Finance for Dummies by Eric Tyson ▪️ Investing: The Bogleheads Guide to Investing by Taylor Larimore et al ▪️ Behavioral Finance: How to Think About Money by Jonathan

Is there a topic that you know a lot about? Are there hard lessons that you've had to learn but can help others avoid? Help us make a difference in the financial lives and well-being of the White Coat Investor community by joining the speaking team at 2026 The Physician Wellness

When you've won the game, stop playing. When you no longer need to run a risk to reach your financial goals, stop running it. “Stop playing the game” means different things to different people. What will it mean to you?

The White Coat Investor Medical School Scholarship is a way for the entire WCI community to “pay it forward.” This community includes blog readers, podcast listeners, Facebook Group and WCI Forum members, WCI Redditors, sponsors, staff, and owners. The scholarship has no

If your parents are aging, it's time to have the talk. Just like it was awkward for them to tell you about the birds and the bees, it's going to be awkward for you to talk to them about finances. The sooner you do it, the better it's likely to go. Have you spoken with your

Buy a car with cash, not on credit. The amount of money that Americans throw away on transportation is unbelievable. The reason why most middle-class folks are not wealthy is sitting in their driveway. Cars depreciate rapidly, and more expensive ones cost more to finance,

1 in 4 physicians will become disabled at some point during their career. That risk is too high to ignore. Do NOT put this off any longer. There’s a big cost to not getting this done now. You could become disabled before your coverage is in place. That would be a financial

If you build a reasonable, diversified portfolio, fund it adequately, and stick with it through thick and thin, in a decade or two you will see that your willingness to lose money resulted in you having far more money than you ever thought possible. You have to lose money, at

Private school tuition can be as much as $40,000 per year. Maybe closer to $60,000 in NYC. From kindergarten, $40,000 x 13 years = $520,000. If you have four kids, that's over $2 million in private school tuition. You couldn't find a decent house in a decent school district

Practicing medicine in California is bad for your finances. The weather is nice, there is a ton of fun outdoor stuff to do, lots of diversity, plenty of cultural opportunities, and gazillions of people, some of whom you may be related to. But practicing medicine in California

Most people have little financial discipline. Everybody says they want to be a millionaire. But what they really want is to spend a million dollars. What they don't realize is that is the exact opposite of being a millionaire. You become a millionaire by NOT spending a

"The speakers weren’t just experts—they were advocates for financial empowerment. Rather than pushing products or vague success stories, they provided actionable, transparent strategies to help docs like myself take control of our financial future." Do you have knowledge that

Constantly ask yourself, “How could I spend money today in ways that will improve my life, help others, and make me happier?” Then decide if you can afford to do so. You probably can a lot more often than you think. If you’re like most White Coat Investors, you are on track