White Coat Investor Podcast

MtoM #107 - Cardiologist Becomes a Millionaire

Feb 27, 2023
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ANECDOTE

Rapid Rise To Seven Figures

  • The guest is a cardiologist three and a half years out of fellowship who reached $1,071,000 net worth.
  • He built this while living in the Midwest with a two-year-old and a spouse in fellowship.
INSIGHT

Simplicity With All-Equity Allocation

  • He holds a simple equity-only portfolio: two Vanguard index funds split roughly two-thirds and one-third.
  • He treats cash as his bond allocation and keeps $10–60k for liquidity.
ADVICE

Clear Debt, Max Retirement, Invest Excess

  • Pay off high-interest consumer debt immediately using a snowball if it helps momentum.
  • Then maximize retirement accounts and funnel extra money into brokerage accounts.
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