White Coat Investor Podcast

MtoM #169: Homeless to a Quarter Million Dollars and Finance 101: Risk

6 snips
May 6, 2024
The guest shares a journey from college to homelessness to building wealth to a quarter million dollars. They discuss gratitude, needing less to be happy, paying off debt, and successful financial strategies. The podcast also covers topics on risk in finance, physician contract reviews, and financial basics for high-income professionals.
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ANECDOTE

Josh's Homelessness to Wealth Journey

  • Josh went from being homeless in 2010 to a six-figure income by 2016 and building wealth rapidly thereafter.
  • Living in his car and working low income jobs deeply shaped his financial discipline and mindset.
ANECDOTE

The Reality of Working Homeless

  • Many homeless individuals, including Josh, are working technically skilled jobs while living in vans or cars.
  • The hidden reality of the "working homeless" challenges common stereotypes about homelessness.
ADVICE

Share Expenses to Build Wealth

  • Sharing living expenses with a partner can significantly enhance wealth building.
  • Splitting rent halves housing costs and increases cash flow for investing or saving.
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