By Dr. Jim Dahle, WCI FounderLengthy-time readers know we have completed The White Coat Investor Scholarship for years, giving out lots of of 1000’s of {dollars} in money and prizes. In 2019, we began one other award, one for attending-level physicians and dentists. That is the Monetary Educator Award for folks attempting to spice up monetary literacy amongst their colleagues, trainees, and college students.
Here is our listing of earlier winners:
The first mission of The White Coat Investor is to “assist those that put on the white coat get a good shake on Wall Avenue,” which primarily means boosting monetary literacy amongst professionals like physicians, dentists, trainees, and college students. Many of those folks might be reached with what we’re presently doing—a weblog, an e mail publication, a podcast, a YouTube channel, books, on-line programs, social media, CME conferences, the Monetary Bootcamp e mail course, the WCI Discussion board, the subreddit, and the White Coat Investor Fb Group.
Nonetheless, some can solely be reached head to head, one after the other.
WCI readers and listeners have been selling this materials (I am unable to actually say it’s mine since most of it’s only a rearrangement of fabric developed by others and blended with frequent sense) to your colleagues, trainees, and trainers for years. Generally it may well occur a bit extra effectively than one on one. For instance, I am going out and communicate to teams of docs a few dozen occasions a yr. It is not a really worthwhile use of my time, and the touring is not significantly pleasing. However I like to satisfy you individually and keep in contact with the issues of the “doc within the trenches.”
How you can Educate Private Finance to Docs
Nonetheless, I am unable to even come near maintaining with the demand for this form of in-person monetary schooling on my own. We flip down a number of talking invites per week, and that is with out even attempting to get them. With this Monetary Educator of the 12 months award, now we have been enlisting your support in offering this schooling to your friends. We’ve made this as simple as doable for you. We get requests on a regular basis to “share our slides” with folks. For years, I’ve advised folks, “No. If my slides get out on the web, no person goes to rent me to return communicate.”
However I now not care if anybody hires me to talk. So, we have put collectively some slide displays so that you can use when educating your friends and trainees. Whereas it’s only frequent courtesy (and at all times appreciated) to present WCI credit score, I do know that some folks is not going to, and I am OK with that. These are canned (bottled?) lectures that a lot of you may give with little preparation. Critically, I can not make it any simpler for you with out getting on a aircraft.
Every presentation is designed to final 50 minutes, leaving 10 minutes for a Q&A. Do not be intimidated. I do know you are not an expert monetary advisor. After the primary time, you may notice that 90% of the questions are ridiculously simple to reply. You may be embarrassed in your occupation once you notice the simplicity of many of the questions you get. Critically, you have received this. And, if by likelihood, they give you an actual stumper, inform them you may get again to them, and shoot me the query by e mail. Collectively, we’ll discover the reply, and you may get again to the questioner inside a few days and be their hero.
Sure, it is this simple.
Simply click on on the hyperlinks beneath, obtain the file, learn by the slides to ensure you’re aware of the fabric, and search for something you are not aware of on the weblog or elsewhere. Then, you are good to go. One physician’s monetary lecture coming proper up. You may give it to 2 folks or 1,000 folks. You possibly can ship it out through e mail. You may give it over Zoom. You possibly can put up a hyperlink to it in your weblog. You possibly can modify the slides, however please do embrace the disclaimer slide unmodified in your presentation.
The slide displays beneath are all up to date as of April 2025. Notice that scholar mortgage info has been altering significantly quickly this yr.
Presentation for Attendings
Subjects coated:
- Monetary literacy
- Pupil mortgage administration for attendings
- Monetary advisors
- The 5 insurance coverage insurance policies you want and two you do not
- Fundamentals of retirement accounts
- The advantages of index funds
- Fundamentals of property planning
- Fundamentals of asset safety
Presentation for Residents
Subjects coated:
- Monetary literacy
- Pupil mortgage administration for residents
- Incapacity insurance coverage
- Time period life insurance coverage
- Know your retirement accounts
- A written monetary plan
- Contract analysis
Presentation for Medical College students
Subjects coated:
- Monetary literacy
- Dwelling frugally
- College/residency selection
- Specialty selection
- Pupil mortgage administration
- Proudly owning vs. renting throughout residency
- Monetary steps as you permit medical faculty
If you want to do a deeper dive on scholar loans or have somebody do it for you, contact our in-house scholar mortgage consultants at studentloanadvice.com.
Monetary Educator of the 12 months Award
Along with offering you with the sources vital to present a presentation to your trainees, I am additionally going to supply an incentive to take action. Once more this yr, we’re going to give out the Monetary Educator of the 12 months Award. We’ll begin taking submissions instantly. You will have from April 1-25, 2025, to fill out this type and make your nomination. A couple of weeks later, I am going to run a put up on the weblog asserting the winner and the particular person nominating them. So, you get talked about on the web. Oh yeah, and $1,000 money cash from WCI. As an incentive to place collectively a pleasant submission, the nominator who writes the perfect nomination of the winner will get a free WCI on-line course of their selection.
Right here Are the Standards:
- You possibly can’t nominate your self. (Sorry, get one among your colleagues or trainees to do it.)
- Embody the nominator’s identify, the nominee’s identify, and a option to contact each of you.
- Nominator should connect a 200-600 phrase rationalization to this type on why the nominee ought to win the award.
- Nominee have to be a practising attending-level doctor or dentist.
- Nominee needn’t essentially be an “educational” physician.
- Nominee needn’t be an American, however you will need to communicate and write fairly competent English.
- Nominee can’t be a monetary skilled OR have a enterprise that compensates them for educating docs about private finance. No monetary bloggers, monetary podcasters, monetary advisors, insurance coverage brokers, and so forth. Anyone can submit a nomination.
- The nominee should conform to be named and pictured on the weblog. The nominator can nominate with out permission, however the nominee should give permission to us earlier than they’ll win. (The $1,000 and CV entry will hopefully be sufficient incentive.)
- The nominator’s identify and submission will likely be revealed with the identify and an image of the nominee and maybe a couple of phrases of recommendation from the nominee to their fellow educators.
- There will likely be just one winner.
- A nominee can solely win as soon as. Sorry Gaurava, Jason, Scott, Stephen, Cyril, and Kent, you are completed.
- Be sure that to fill out this type to appoint somebody.
The choice committee consists of the WCI workers. Sure, we’re utterly biased in favor of those that are devoted to educating private finance and investing to docs with out regard to specialty, gender, race, faith, nationality, pores and skin colour, or sexual orientation. Do not even inform us about any of that stuff in your nomination as a result of we do not care. We wish to hear about what your nominee did to assist docs grow to be financially literate. If you’re nominated independently by a number of individuals, that nomination will carry further weight.
What do you suppose? Are you able to consider somebody who ought to win this award? Ought to anyone nominate you? What’s retaining you from educating your friends and trainees primary private finance and investing? What else can we do to assist?
