White Coat Investor Podcast MtoM #222: Engineer and Medical Student Hit Half Million Dollar Net Worth and Finance 101: Different Ways to Pay for Medical School
May 12, 2025
An engineer and her medical student husband share how they achieved a half-million dollar net worth through smart financial planning and joint goals. They emphasize the importance of early investing and parental support in their financial journey. The discussion expands to various funding options for medical school, including military contracts and MD-PhD programs. They also explore the balance of parenting and medical careers, discussing financial strategies tailored for dual-career families, all while highlighting resources for locum tenens opportunities.
AI Snips
Chapters
Books
Transcript
Episode notes
Reaching Half Million Net Worth
- Lauren and her husband reached $500,000 net worth with her as an engineer and him a med student.
- They both started out with little debt and began investing early thanks to Lauren's dad.
Saving by Living in Hotels
- They spent $75,000 annually on rent and utilities but saved $30,000 during a year living in hotels due to medical clerkship.
- That saving allowed them to buy a car cash last year.
Pregnancy and Travel Experience
- Lauren traveled extensively and lived in hotels while pregnant during her husband's clerkship year.
- They spent 10 weeks at Tripler Hospital in Hawaii, which was a highlight amid unique challenges.
