MtoM #194: Hospitalists Become Financially Independent after 12 Years and Finance 101: Retirement Accounts for the Self Employed

Oct 28, 2024

A hospitalist couple shares their inspiring journey to financial independence, achieving a $5 million net worth in just 12 years. Their secret? Living like residents, aggressive saving, and investing smartly. They discuss the importance of prioritizing family time while navigating financial goals. The podcast also delves into retirement strategies for the self-employed, covering customizable retirement accounts like 401(k)s and IRAs, maximizing contributions, and tax implications for smarter saving.

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Intro

00:00 • 3min

From Hospitalist to Financial Freedom

02:53 • 4min

Navigating Investment Strategies: From Luck to Long-Term Planning

06:38 • 2min

Financial Freedom and Family First

08:46 • 6min

Path to Financial Independence

14:38 • 9min

Retirement Strategies for Self-Employed Investors

23:40 • 9min

This dual hospitalist couple has hit a huge net worth milestone become financially independent after just 12 years. He said his entire motivation to save and reduce the amount of work he has to do was so he could spend as much time as possible with his daughter. He says living like a resident, saving and investing aggressively was what made this possible. After the interview we will be talking about self employed retirement accounts for Finance 101.

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