White Coat Investor Podcast8 Dec 2025

MtoM #252: Psych Resident Maxes Out Spousal and Personal IRAs and Finance 101: Boosting Your Income

Today we are talking with a psych resident who has maxed out his personal and spousal IRAs for two years in a row. He found a lucrative moonlighting gig that has helped increase his income. His secret to success is getting educated early so you can get off on the right foot. He shows that you can start building your wealth long before you have reached your max income. After the interview we talking about boosting your income for Finance 101.

As a white coat, you have valuable knowledge. Various companies want that knowledge. And they're willing to pay you for it! That's why we've put together a list of recommendations for companies that pay you to take surveys. If you're looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you. You can make extra money, start a solo 401(k), and use your medical knowledge to impact new products. One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign up today and use a fraction of your downtime to make extra cash! Go to whitecoatinvestor.com/MDSurveys

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!

Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones

Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com
Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube
Student Loan Advice for all your student loan needs: https://studentloanadvice.com
Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor
Join the community on Twitter: https://twitter.com/WCInvestor
Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor
Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor
Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com
Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter

00:00 MtoM Podcast #252
03:05 Psych Resident Maxes Out Spousal and Personal IRAs
15:30 Advice For Others
18:20 Boosting Your Income as a Doctor

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(774)

WCI #485: What to Do If You Are Behind on Retirement Savings

Is it actually too late to catch up if you did not start investing seriously until later in your career? In this episode, Dr. Jim Dahle answers a listener's honest question about starting late and wan...

20 Aug 59min

MtoM #288: $20 Million Net Worth on an OB-GYN Salary

How does an OB-GYN earning a fairly typical physician income build a net worth of more than $20 million? In this episode of the Milestones to Millionaire Podcast, Dr. Jim Dahle talks with Carlos, an O...

17 Aug 20min

WCI #484: Stop Over-Optimizing Your Finances: What Actually Moves the Needle

Are you spending your time, energy, and attention on financial optimizations that barely move the needle? In this episode, Dr. Jim Dahle and Tyler Scott, President of Planning at White Coat Planning, ...

13 Aug 1h 23min

MtoM #287: $405K Student Loans Paid Off in 20 Months

How does a physician couple pay off $405,000 in student loans in less than two years, while one of them is still in residency? In this Milestones to Millionaire episode, Joe, an anesthesiologist, and ...

10 Aug 28min

WCI #483: Should You Help Your Child Buy a Home?

What changed for medical and dental students now that federal student loan borrowing has a hard cap, and what should you do if you're already deep into school? In this episode, Dr. Jim Dahle breaks do...

6 Aug 49min

MtoM #286: How This OB/GYN Paid Off $200K in Student Loans in 4 Years

What does it actually take to get $200,000 in medical school loans forgiven through a state program most doctors have never heard of? In this Milestones to Millionaire episode, Rachel, a generalist OB...

3 Aug 28min

WCI #482: What Doctors Need to Know About Home and Auto Insurance

How do you know if your home and auto insurance actually covers what you think it does, and whether you're paying too much for it? In this episode, Dr. Jim Dahle talks with Jeff Wingate, president of ...

30 Juli 56min

MtoM #285: This Orthopedic Fellow Reached a $0 Net Worth Before Becoming an Attending

How do you finish medical training with $300,000 in student loans and still reach a net worth of zero before your first attending paycheck? In this episode of Milestones to Millionaire, an orthopedic ...

27 Juli 24min