White Coat Investor Podcast

MtoM #123 - Family/Sports Medicine Doc Becomes a Millionaire and Finance 101: 4% Rule

Jun 19, 2023
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ANECDOTE

Millionaire Within Four Years

  • Dan became a millionaire about four years after finishing training while starting near net neutral net worth.
  • He and his wife reached this milestone largely by saving and investing from dual incomes.
ADVICE

Live Below Your Means

  • Live below your means and avoid lifestyle inflation to accelerate wealth building.
  • Maintain a middle-class lifestyle despite high income to save a large share of earnings.
INSIGHT

Wealth Enables Giving Back

  • Dan views net worth as a measure of how much you've given to society versus consumed.
  • He uses wealth to gain resilience and capacity to give back during others' times of need.
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