WCI #438: The Resident Episode

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Business, Health & Fitness, Investing, Medicine

4.9 • 2.3K Ratings

🗓️ 25 September 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we are answering questions from our residents in the audience. We discuss saving vs investing, buying houses, physician loans, and Roth IRAs. Then we interview a recent graduate about to start his first job as an attending, and he walks us through his financial life to this point. If you want to learn how to do it right, you'll want to take notes.

Today's episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too.

For more information, go to https://www.whitecoatinvestor.com/Sofi
SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891.

The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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00:00 WCI Podcast #438
02:14 Invest vs. Pay Down Debt
10:14 Mortgage as a New Resident
14:06 Roth IRA as a Resident
16:24 Interview with a Resident

Transcript

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0:00.0	This is the White Coat Investor podcast, where we help those who wear the white coat get a fair shake on Wall Street.
0:06.2	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:16.1	Welcome to the White Coat Investor podcast. This is Dr. Margaret Curtis. I am a general pediatrician and a white coat investor columnist, and I'm filling in today for Dr. Jim Dolly. And the feeling I'm having right now is, you know that feeling when a patient comes in and they think they're going to see their own doctor and then they get put on your schedule instead? And you go in to see them and they say, oh, we thought we were seeing Dr. Dolly today. And you say, I'm so sorry, he's not available. He said, okay, if I see you instead? And they say, okay, that would be fine. Will he be back soon? That's how I'm feeling. And that's how you're feeling too. If you're a little disappointed because you tuned in to hear Dr. Dolly, I'm so sorry. He's not available today and he'll be back next week.
0:59.7	Welcome to episode 438, the resident podcast. We'll be taking questions from residents and talking
1:05.8	to a recent graduate who's about to start his first attending job. He'll tell us about his
1:10.0	financial plan. And if you want to learn how to do everything right, you might want to take his first attending job. He'll tell us about his financial plan. And if you want to
1:11.5	learn how to do everything right, you might want to take notes on this one. But before I dive into that,
1:16.5	today's episode is brought to us by SOFI, the folks who help you get your money right. Paying off student
1:21.8	debt quickly and getting your finances back on track isn't easy, but that's where SOFI can help.
1:26.3	They have exclusive low rates designed to help
1:28.3	medical residents refinance student loans, and that could end up saving you thousands of dollars,
1:32.7	helping you get out of student debt sooner. SoFi also offers the ability to lower your payments
1:37.6	to just $100 a month while you're still in residency. And if you're already out of residency,
1:42.3	SoFi's got you covered there too. For more information,
1:45.2	go to sophy.com slash white coat investor. SoFi student loans are originated by SoFi Bank,
1:51.3	NA, member FDIC, additional terms and conditions apply, NMLS 696891. Thank you all for what you do,
2:00.1	and especially thank you to the residents. We know you're in
2:02.1	the trenches right now. We know you didn't go to medical school to become a resident. You went to
2:06.3	medical school to become a physician. We appreciate you, and we're looking forward to welcoming you
2:11.4	to the community. So I'm going to start with a question from a Canadian resident who's working in the United States.
2:19.7	She says, I'm a PGI3, and as a Canadian resident, most of what's on the white coat investor doesn't apply to me.
2:26.8	But my general question is about saving versus investing.
	...

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