Money Meets Medicine

Tax Loss Harvesting $35,000 (Jimmy's Financial Wins)

Dec 3, 2025
Celebrate financial milestones as Jimmy reflects on his 8-year journey post-training. Discover his strategies for paying off $200K in student loans and reaching a net worth of over $2M. Learn about the intriguing concept of tax loss harvesting, especially with Bitcoin, and how it can yield significant savings. Jimmy also shares vital lessons on avoiding lifestyle inflation and the importance of compounding interest. Plus, insights on building trusted disability insurance for physicians. Tune in for valuable financial wisdom!
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Open Financial Transparency

  • Jimmy celebrates episode 250 and reflects on his open, transparent approach to sharing finances.
  • He shares early mistakes and successes to help others learn from his journey.
ANECDOTE

Net Worth Timeline To $2M

  • Jimmy finished training in July 2017 and hit $2M net worth eight years later at age 40.
  • He tracks milestones publicly to illustrate progress and timelines for physicians.
ADVICE

Save $70K/Year To Hit $1M In 10 Years

  • Save roughly $70,000 a year invested to reach $1M in 10 years assuming 8% returns.
  • Include employer contributions when calculating your annual savings target.
Get the Snipd Podcast app to discover more snips from this episode
Get the app