Neuroradiologist hits a net worth of half a million dollars upon exiting training by following WCI principles. Importance of open communication and saving money in a relationship. Understanding Schedule A and itemized deductions in tax returns. Join the White Coat Investor community for financial resources and advice.
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question_answer ANECDOTE
High Savings During Training
June had roughly a 50–60% savings rate during residency by living like a resident and moonlighting heavily.
That discipline plus a cooperative spouse let him build significant net worth before finishing training.
question_answer ANECDOTE
No Student Debt Advantage
June had no medical school debt because his parents paid for his education which accelerated his wealth-building.
That advantage combined with frugal habits helped him reach a high net worth quickly.
insights INSIGHT
Early Financial Education Multiplies Benefits
Discovering quality financial resources early creates a compounding knowledge effect that guides decisions throughout training.
June found the WCI portfolio article and then dove into podcasts and education that shaped his plan.
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This Neuroradiologist is growing his net worth like crazy. He discovered WCI in training and educated himself on how to reach financial independence. He and his wife had many discussions about how they wanted their financial journey and savings plan to look before getting married. They followed their plan with discipline and had a serious amount of savings by the time he finished training. They lived like a resident and have had a 25 - 40% savings rate. This guest shows us what can happen if you apply the WCI principles and stick with them. For finance 101 we will be talking about schedule A on your tax returns.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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