White Coat Investor Podcast

MtoM #44 - Back to Broke Oncologist

Dec 13, 2021
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ANECDOTE

Rapid Wealth Recovery Story

  • David went from a net worth of -$128K to +$210K in just 1.5 years after finishing oncology fellowship.
  • He reached "back to broke" milestone six months out and quickly built significant assets through smart investing.
INSIGHT

Physician Pay Variation Insight

  • Physician pay varies more widely within specialties than across specialties.
  • Regional differences and negotiation greatly impact earnings in oncology and hematology field.
ADVICE

Lifestyle Inoculation Advice

  • Use "lifestyle inoculation" by setting your comfortable spending habits early during training.
  • Avoid lifestyle inflation and keep expenses low as income rises to build wealth quickly.
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