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White Coat Investor Podcast
MtoM #168: Anesthesiologist Becomes a Millionaire and Finance 101: White Coat Investor Philosophy - 12 Financial Principles for Doctors
Apr 29, 2024
31:07
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An anesthesiologist shares her journey to becoming a millionaire in just 3.5 years post-training, stressing the importance of saving and negotiation. The podcast also covers financial principles for doctors, including intentional spending, tax strategies, and asset protection.
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Quick takeaways
- Strategic saving and investing led an anesthesiologist to millionaire status in 3.5 years post-fellowship.
- Negotiation skills and transitioning to 1099 optimized earnings for the anesthesiologist.
Deep dives
Becoming a Millionaire in 3.5 Years Post-Fellowship
An anesthesiologist shares their journey to becoming a millionaire just 3.5 years after completing their fellowship. With a current net worth of 1.2 million, they have focused on saving and investing efficiently, primarily in ETFs. Despite an average annual income of 600,000 post-fellowship, strategic financial planning and a high savings rate have been key to their success.
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