WCI #445: Buying Into a Practice, Building Wealth, and Planning Ahead

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Business, Health & Fitness, Investing, Medicine

4.9 • 2.3K Ratings

🗓️ 13 November 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, we break down what to know before buying into a practice, rethink what "net worth" really means, explore how to best use an Air National Guard retirement paycheck from 57 to 65, and highlight important basics on Special Needs Trusts.

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 #445
03:28 Buying into a Physician Owned Practice
11:42 What to Include in Net Worth
17:00 How to Think About a Pension
21:36 Managing a Special Needs Trust

Transcript

Click on a timestamp to play from that location

0:00.0	This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair
0:04.8	shake on Wall Street. We've been helping doctors and other high-income professionals stop doing
0:09.6	dumb things with their money since 2011. This is White Coat Investor Podcast number 445.
0:19.2	Today's episode is brought to us by SoFi, the folks who help you get your money right.
0:24.2	Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SOFI can help.
0:28.9	They have exclusive low rates designed to help medical residents refinance student loans.
0:33.0	That could end up saving you thousands of dollars, helping you get out of student debt sooner.
0:54.5	SoFi also offers the ability to lower your payments 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. More information, go to sophy.com slash white coat investor. SoFi student loans are originated by SoFi Bank, N, A member FDIC, additional timings and conditions apply, and MLS 6968991.
0:57.4	All right, some free stuff you should know about.
1:02.8	We're giving away a free ticket to WCICON, the Physician Wellness and Financial Literacy Conference.
1:05.6	It's a $1,99 value.
1:10.2	That conference is March 25th through 28th, 2026 in Las Vegas. to White Coat Investor on Instagram or Facebook and follow the instructions on the giveaway post this week. You need enter win by 1117. And of course, most people aren't going to win. You should come anyway. It's going to be a great conference. It's well worth your money. You can use CME funds to pay for it. We're going to have a great time.
1:29.6	It's the best time of year to be in Vegas. And if you want the Vegas experience, you can get that. If you just want to stay away from the strip, you can do that too. We're at a resort hotel, not on the strip. You're going to love it. It's good times. Okay, free ticket for that. The second thing we're doing for free coming right up is Thursday,
1:45.4	November 20th, 6 p.m. Mountain Time. This is a real estate webinar for lack of a better term.
1:53.8	So if you're curious about real estate or you're not sure if it's the right move for you,
1:57.6	join us for that live session. I'm going to walk through what physicians need to know
2:01.1	before investing in real estate. We're going to talk about the reasons it can fast track your path
2:05.2	to wealth, the massive tax advantages. Most doctors don't take full advantage of the different
2:09.8	types of real estate investments and how to choose the right fit for you, how to avoid common
2:13.9	mistakes, the derail returns, and some tools to evaluate real estate opportunities.
2:19.0	So whether you're looking for passive income, a diversified portfolio, or a more hands-on
2:24.7	approach to investing, this session is going to help you decide your next steps.
	...

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