White or polychromatic light sources are vastly abundant in nature and lie in our most basic understanding of the theory of light, beginning from stars like our Sun and extending to every common household light bulb or street lamp. In this paper, I present concepts of white light interferometery using a common-path Sagnac interferometer, manifested in a straightforward laboratory experiment. I further show the use of this as a Fourier transform spectrometer while presenting a basic overview of the theoretical concepts and spectrum of different light sources obtained experimentally. This work, both experimentally and analytically, is suitable for upper-level undergraduate physics or engineering courses where electromagnetic theory and optics are discussed. The experiment and theory presents important deep concepts and aspects in modern optics and physics that every science student should acquire.