White Coat Investor Podcast MtoM #251: Dermatologist Hits $750,000 Net Worth Before Finishing Residency and Finance 101: The Basics of Real Estate Investing
Dec 1, 2025
A dermatology resident shares how he built a remarkable $750,000 net worth before completing his training. He highlights his early hustle, from delivering papers at 12 to investing in a Roth IRA. The discussion emphasizes the importance of the time value of money and making strategic career choices. Later, the host dives into real estate investing basics, covering topics like diversification, short-term rentals, and essential principles for beginners. Valuable advice is shared on avoiding risks and ensuring sound investment strategies.
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Resident Hits $750K Net Worth
- Garrett reached about $750,000 net worth while still in dermatology residency.
- He accumulated wealth via early Roth IRA investing, buying a cheap house during medical school, and multiple side hustles.
Early Hustle And Roth IRA
- Garrett started a paper route at age 12 and saved aggressively into a Roth IRA in high school.
- He credited early contributions invested in QQQ and Berkshire Hathaway for a meaningful portion of his current net worth.
Buy In An Affordable Training City
- Choose affordable locations during training and pursue homeownership when possible to build equity.
- Garrett used a Johns Hopkins down-payment program and sold the house later for a notable gain.