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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question_answer ANECDOTE
From Engineer To World-Traveling Roadie
Miles left engineering and became a concert roadie shortly after college to travel and earn a living.
He expected to do it a few years but stayed over a decade because he enjoyed the work and lifestyle.
question_answer ANECDOTE
Choosing Employment For Health Coverage
After a Crohn's diagnosis Miles chose employee roles to maintain employer-provided health insurance coverage.
He remained an employee for years to ensure access to expensive treatments and stability.
question_answer ANECDOTE
Portfolio Split Across U.S. And Brazil
Miles' net worth sits just over $1M split between U.S. accounts and Brazilian assets including an apartment.
His holdings include taxable brokerage, Roth/401k/IRAs, HSA, cash, and Brazilian savings and property.
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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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