James M. Dahle, MD, FACEP is a full-time practicing emergency physician who got sick of being ripped off by financial professionals and so began a quest to learn as much as he could about personal finance and investing. After a few years, he realized that physicians and other high income professionals were not getting this information in their standard education curriculum and so sought to fill that gap through The White Coat Investor website and the book by the same name. Since that time, the website has grown into the most frequently visited physician-specific personal finance and investing website in the world and the book has remained a best seller on Amazon.
What do you do best?
I communicate the intricacies of personal finance and investing in a way that is understandable by high income professionals and provide an unbiased view on physician products and services generally sold in a terribly biased environment.
What makes you the best?
Doctors trust me because I'm not selling them anything. I provide them the information they desperately need for free.
How will you stay the best?
Continuing to work each day with a missionary zeal to spread the message that good personal finance habits can provide doctors and other professionals the freedom to practice in the way they wish.
The sales of the book were a huge surprise. Book sales started out with a bang and instead of decreasing month to month continued to sell at that same level and still haven't slowed down.
What are your aspirations?
Personal: Be the husband and father my family deserves while still contributing something useful to the world and having a lot of fun.
Business: I'd like to continue to be the recognized authority on physician-specific financial matters for years to come. I hope to also publish an entire series on physician-specific financial matters.
Most challenging moment?
I have had a lot of difficult moments in my life, from spending 20 days climbing Denali as a 17 year old to finishing a 3 year emergency medicine residency. High quality patient care in a busy emergency department is an ongoing challenge. More recently, I was challenged by having to lead a group of my friends and family, including my 11 year old, to the summit of the Grand Teton. It became a particular challenge when we became pinned down for several hours by an unforecasted thunderstorm at 13,000 feet. Perhaps my biggest challenge is finding balance in a busy life full of important, but competing priorities.
What fascinates you?
People fascinate me. We all have such different experiences in life and different ways of looking at and responding to the world around us.
Simplify. Simplify. Simplify. - Thoreau
My wife and kids
Lake Powell, any alpine peak or slot canyon. Pretty much all of Western Europe.
Not sure, but one of my least favorite has to be whole life insurance. It takes an enormous and highly motivated salesforce to continue to push a product returned by 80% of those who purchase it.
Helping my children to become all they can be. Exploring wild places. Emergency Medicine. Helping other physicians to find the financial freedom I have found through good personal finance and investing habits.