2023 Monetary Educator of the Yr Award


Through Dr. James M. Dahle, WCI Founder

A couple of weeks in the past, we requested you to nominate your favourite physician who’s instructing colleagues and trainees on monetary issues for The White Coat Investor Monetary Educator of the Yr Award. Whilst the winner will get a pleasant certificates and CV access for this, in addition they get a fab $1,000 take a look at to blow on no matter they would like.

The reaction was once, as soon as once more, overwhelming this yr. We had 15 docs nominated through 56 nominators. The next docs had been known for the monetary training they’ve been offering:

  1. Bikram Dhillon, MD
  2. Vivek Chaturvedi
  3. Chirag Shah, MD, MPH
  4. Ali Elsaied, DO
  5. Christopher Bunt, MD
  6. George Chou, DO
  7. Cyril Varghese, MD
  8. Eric Shirley, MD
  9. Haliru Muhammad Mahdi, MD
  10. Jacob Radford, MD
  11. John McNeil, MD
  12. Naomi Ambalu, DO
  13. Phillip Carullo, MD
  14. Nicholas Milano, MD
  15. Vassilios Tsafos, MD

Neatly carried out, everyone! We are inspired with what you might be doing available in the market. Sadly, simplest one in all you’ll be able to win the award.


Congratulations to Dr. Cyril Varghese!

Cyril Varghese

Dr. Cyril Varghese

Our winner this yr is Cyril Varghese, MD, a radiologist practising in Orlando. He was once nominated through 31 separate people (which made opting for the winner of the nominator prize, who will get a WCI on-line direction, harder than figuring out the real award winner!) The spectacular factor about those nominations is they got here from all types of other folks: med faculty classmates, residency classmates, trainees, present colleagues, his sister, or even his partner! Here’s what Dr. Varghese has been doing, in accordance to those that nominated him:

“Whilst Cyril has at all times been a level-headed and constant supply of economic recommendation, the tragic occasions in his lifetime of shedding his father and taking on the funds of his circle of relatives pressured him at an overly early age to in reality perceive the significance of economic literacy and making plans. Cyril has been our clinical faculty magnificence’ very long time finance skilled. His recommendation has at all times been ‘uninteresting’ however efficient. Save, make investments, and reside a bit of. As fads got here and went available in the market, Cyril stayed because the voice of explanation why. There are not any gimmicks and no simple techniques out, and now we have all grew to become to him as our go-to particular person for monetary recommendation as we matured, had youngsters, and plan for retirement.”

“Dr Varghese spent lots of his lectures explaining to the citizens lots of the non-clinical aspects of clinical, most commonly the monetary facets of drugs. There have been many issues referring to monetary contracts, wage negotiation, and financial savings which have been useful to making plans for existence post-residency. He additionally pointed us to a number of sources which additional clarified data offered all the way through his lectures . . . He enjoys speaking about funds in his spare time, divulging his private methods for managing his funds. He is so easy to speak to and has controlled to make funds a captivating in addition to a important dialog to have, particularly as we’re finishing residency. He has helped many previous citizens transition from residency to attendinghood, educating many facets about finance that few others speak about.”

“Dr. Varghese went out of his approach to introduce me to The White Coat Investor and familiarized me with ideas that had been so overseas to me.”

“All the way through my first week of residency, I won ‘White Coat Investor’ within the mail! It was once from Cyril . . .”

“Cyril is dedicated to sharing what he is aware of together with his scholars, citizens, colleagues, and buddies.”

“He has a ability for simplifying advanced monetary ideas and making them out there to all people, without reference to their point of economic literacy.”

“After graduating from clinical faculty, Dr. Varghese and his spouse, who could also be a health care provider, made a concerted effort to ‘reside like a resident’ and extinguish their really extensive clinical faculty debt, which they had been in a position to perform in 3 quick years. His instance has impressed many people from his small teams to assist do away with our clinical faculty debt. As an attending, Dr. Varghese took his wisdom and created a curriculum to assist the citizens he trains at his establishment perceive the significance in saving for retirement and getting rid of debt. Now not simplest does he educate citizens in monetary training, however he continues to assist and be to be had for buddies/colleagues from clinical faculty at any time to lend a hand with their monetary questions. In my view, I persevered to name Dr. Varghese in any respect hours of the day with questions.”

“He even helped me pay for the Fireplace Your Monetary Guide Path on account of the curiosity I took in private finance.”

“He has invested (no pun supposed!) such a lot of his time, ideas, and effort into finding out concerning the citizens; instructing us; and refining us in each and every manner. I try to be like Dr. Varghese in the future.”

“He’s a radiologist through career, however I believe a monetary educator at center . . . I overheard Cyril sensibly discussing inventory investments at a birthday celebration, and we later requested him if he could be keen to assist us determine choices. He straight away agreed and in truth came to visit that very same evening with computer in hand, able with a PowerPoint presentation that he offers to his new radiology citizens once a year. It was once abundantly transparent that he’s captivated with the subject.”

“Dr. Varghese’s interest for monetary training is contagious . . . He additionally does an excellent task at getting citizens motivated to make adjustments for his or her long term.”

“From the instant he was once employed at our health facility, Dr. Varghese turned into an speedy resident favourite, in large part because of his interest for educating. Along side offering superb scientific training, Dr. V was once much more captivated with instructing us on the entire monetary facets of our careers. Along with his required scientific lectures, he took a large number of further lecture slots to show us about task packages, contract main points, wage negotiations, malpractice proceedings and insurance coverage, incapacity insurance coverage, retirement financial savings, and different profession/monetary subjects. This educating wasn’t simply confined to lecture hour, he has been a go-to particular person for me and my friends each time now we have questions on those subjects and is at all times to be had to speak.”

“There’s no subject too small or too huge and no merchandise too private or too pervasive that Dr. Varghese can’t and won’t tackle. Probably the most profound high quality that Dr. Varghese possesses and why he’s the Monetary Educator of the Yr is that he plays those dutiful services and products with no modicum of self-interest, acquire, or need. He derives true achievement through educating fellow physicians what he is aware of and has discovered in his enjoy and training for his or her betterment. His spirit of economic scholasticism burns vivid within the minds and hearts of the physicians he has helped in his profession, and it’s my authentic want that he’s known for his efforts on our behalf.”

“It was once 2012 after I were given into residency. This was once my first task ever! I had no idea of managing cash. My dad had deliberate on educating me when I got here again from clinical faculty, however he died six months sooner than I graduated. So, after I won my first paycheck, I blew it on furnishings and decorations for my condominium. I did not even think carefully. This came about for months till my brother intervened. We had an extended communicate at the telephone, and Cyril broke down two paths the place my existence may cross—a deeply-in-debt doctor or a health care provider who has the talents to control her cash very easily . . . I began studying WCI and could not get sufficient of it . . . As a result of Cyril’s willingness to show me about funds, I met my husband in Singles in Pursuit of Monetary Independence FB team. We take to each other speaking about funds.”

“I’ve identified Dr. Cyril Varghese as a colleague in radiology residency coaching and our first attending positions in the similar personal observe. Moreover, I see him from a special standpoint as his partner. From each vantage issues, he has been functional, unwavering, and approachable in the best way he teaches monetary literacy to buddies, colleagues, and citizens. The boldest manner that he confirmed the facility of economic literacy was once through quitting. When our impartial personal observe radiology team was once set to be taken over through a personal fairness corporate, Cyril was once the primary to post a resignation letter which then emboldened others to hunt out new alternatives and no longer promote out affected person maintain the promise of inventory stocks. It was once no longer an impromptu resolution. Relatively, it was once freedom solid from years of diligent paintings and training within the private finance realm. Monetary literacy is helping one to persist with one’s core values and no longer be simply persuaded through cash.”

“What would get started as textual content messages with hyperlinks to the early days of the WCI weblog would morph into team discussions about incapacity insurance coverage, 401(okay) choices in residency, execs and cons of 529 plans, and so forth. His intensity and breadth of economic literacy has exponentially reached inexperienced persons from California to New York. A lot of our non-medical spouses now cling e-book golf equipment on private finance because of him. He has persevered those efforts together with his personal citizens, developing a brand new era of financially literate physicians.”

“He has even purchased my youngsters finance-based books to assist them construct a robust basis of excellent monetary values.”

“He was once very an expert and didn’t make us really feel dumb when he answered to the fundamental questions we requested him.”

“Dr. Cyril’s maximum notable characteristic is his unadulterated transmission of economic talents to his scholars, being totally devoted to revealing unusual truths and abilities with none ulterior motives, and educating talents that translate to long-term successes moderately than brief, transient, and extra volatile monetary ventures. Dr. Cyril communicates with whole transparency and sincerity, with the real need to best possible protected and stabilize the lives of those that come to him, uniquely catering his recommendation to the particular scenarios of each and every particular person and the distinctly private demanding situations and cases that they come upon. He supplies as a lot data as conceivable, truths that can be both useful or tricky to listen to, and permits his scholars to make knowledgeable, balanced choices with probably the most wisdom and perception into their scenarios.”

Congratulations to Dr. Varghese, and thanks from all of the ones whose lives you will have impacted.


Nominator Award

Nikhil Goyal

Dr. Nikhil Goyal

Our successful nomination this yr got here from Dr. Nikhil Goyal, additionally a radiologist. Congratulations! We will be involved to get you a loose WCI on-line process your selection. This is the nomination:

“This letter is to appoint Dr. Cyril Varghese for the 2023 Monetary Educator of the Yr Award. I may no longer be happier to put in writing on behalf of an achieved and delightful particular person akin to Cyril. He’s a radiologist through coaching, and he started sharing his pursuits in private finance with colleagues whilst he was once in clinical faculty. At a time when monetary well-being was once no longer even discussed (let on my own officially taught) in clinical faculty curricula, Cyril shared his wisdom at the subject with any fellow scholars who had been keen to concentrate, and he has simplest grown his interest for educating this since then. Cyril demonstrates many qualities that make him an impressive candidate for this award. He’s an expert, devoted, and approachable. From the start, Cyril has made it some extent to be well-versed in finance, specifically the way it relates to physicians. Via self-motivation, he adopted blogs, learn a large number of books, and attended many seminars about monetary well-being. (Through this, I don’t imply he attended one 30-minute seminar and browse one bankruptcy of a e-book and claimed to be knowledgeable—he actively research the subject for 4 hours a week and has carried out so for over 10 years.)

He recently runs two units of formal lectures geared toward this subject. One set of talks is ‘job-based’ and discusses the main points of RVUs, other fashions of radiology practices that recently exist, and likewise highlights information about malpractice insurance coverage. A 2d set of talks talk about private finance subjects that each and every doctor must find out about: possibility, incapacity insurance coverage, existence insurance coverage, emergency fund introduction, and find out how to price range and save. He additionally has casual discussions and solutions questions his trainees have about their explicit monetary scenarios associated with their lives and objectives—all whilst keeping up an function place. He has contributed extra to his citizens’ wisdom about making an investment than all of his colleagues mixed. I want to upload, he gives this totally free and with out bias, as a result of he firmly believes that is how we will alternate the tradition round speaking about finance amongst physicians. I significantly want I had somebody like him in our program when I used to be a trainee, as I might very much have benefitted from his teachings.

After all, Cyril possesses a heat persona and powerful talent to have interaction other folks. He’s very approachable and, general, a steady particular person. A large number of our scientific colleagues inform me they specifically adore it when Cyril is on name they usually pay attention his voice at the telephone. I will be able to see why citizens method him about still-taboo subjects akin to cash and task main points. As a present affiliate program director for our residency program at my establishment, I’m making an allowance for having him come discuss to our team. I give him my best conceivable advice. His wisdom, professionalism, and determination to this box make him an impressive candidate for this award. I beg you to provide this nomination severe attention.”

Congratulations Dr. Goyal!

financial educator of the year


In our call-for-submissions publish, we printed slide shows for you (or anyone) to make use of when instructing your friends and trainees. Those are lectures that lots of you’ll be able to give with little preparation. Each and every presentation is designed to closing 50 mins, leaving 10 mins for a Q&A.

Simply click on at the hyperlinks under, obtain the record, learn during the slides to be sure to’re conversant in the fabric, and glance up anything else you might be no longer conversant in at the weblog or in different places. Then, you might be just right to head. You’ll be able to give it to 2 other folks or 1,000 other folks. You’ll be able to ship it out by way of e-mail. You’ll be able to give it over Zoom. You’ll be able to publish a hyperlink to it for your weblog. You’ll be able to adjust the slides, however please do come with the disclaimer slide unmodified for your presentation.

The slides shows under had been all up to date as of April 2023.


Presentation for Attendings

Subjects lined:

  • Monetary literacy
  • Pupil mortgage control for attendings
  • Monetary advisors
  • The 5 insurance coverage insurance policies you wish to have and two you do not
  • Fundamentals of retirement accounts
  • Some great benefits of index budget
  • Fundamentals of property making plans
  • Fundamentals of asset coverage


Presentation for Citizens

Subjects lined:

  • Monetary literacy
  • Pupil mortgage control for citizens
  • Incapacity insurance coverage
  • Time period existence insurance coverage
  • Know your retirement accounts
  • A written monetary plan
  • Contract analysis


Presentation for Scientific Scholars

Subjects lined:

  • Monetary literacy
  • Residing frugally
  • College/residency selection
  • Uniqueness selection
  • Pupil mortgage control
  • Proudly owning vs. renting all the way through residency
  • Monetary steps as you allow clinical faculty

What do you assume? Have you learnt Dr. Varghese? How has he impacted your existence? What are you making plans to try this yr to assist your colleagues with their funds? Remark under!



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