Interview with a concert roadie who became a millionaire. Discussed alternative careers, living below means, retiring in affordable countries. Also covered retirement accounts for self-employed individuals like individual 401(k), Roth conversions, contribution limits, and more.
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How Drug Assistance Prevented Financial Ruin
Early on Miles received a $30–40k bill for an infusion that was later covered by the drug manufacturer assistance program.
He now uses a high-deductible plan while manufacturers cover much of his drug costs, keeping his out‑of‑pocket minimal.
insights INSIGHT
Plan For The Physical Job's Shelf Life
Live entertainment work is physically demanding with a limited career shelf life, so plan for an exit or alternative skills.
Pandemic experience showed transferable skills and optionality outside the industry are valuable.
volunteer_activism ADVICE
Consider High-Paying Trades As Alternatives
Explore well-paying trades and non-degree careers that avoid large student debt while allowing substantial savings.
Be intentional, disciplined, and live below your means to achieve financial security outside traditional professions.
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On this episode we have a great interview with a concert roadie who has become a millionaire. This White Coat Investor lives in Brazil and has a degree in mechanical engineering but has been a roadie for his whole career. He loves his job and all of the travel and once in a lifetime adventures he has had through his career. He makes a six figure salary and has kept his cost of living low and savings rate high. He wants all of your to know there are so many jobs out there that don't require advanced education and huge amounts of debt that can provide a reasonable salary and a great career. If you are disciplined, intentional and live below your means you can have a wonderful life, fulfilling career, and still fund your retirement. Stick around after the interview for Finance 101 to talk about retirement accounts for those of you who are self employed.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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