White Coat Investor Podcast

MtoM #237: Plastic Surgeon Hits Mid Career Milestones and Finance 101: The Debt Dilemma for Dentists

Aug 25, 2025
A mid-career plastic surgeon celebrates his journey and shares insights on achieving financial security while prioritizing education for his children. He discusses the challenges of balancing personal and professional aspirations, and expresses inspiration through his newly written book. The conversation shifts to the financial hurdles faced by dentists, particularly the staggering student debt they often accumulate. Strategies for effective financial planning and debt management are explored, emphasizing the critical need for sound financial strategies in the medical field.
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ANECDOTE

Long, Rewarding Surgical Training

  • Fred trained nine years and finished his second residency in 2002, spending over two decades in practice.
  • He describes extensive surgical training as a gift and has no regrets about the long path.
ADVICE

Fund Education First For Peace Of Mind

  • Prioritize financial security by funding kids' education and eliminating major debts to gain freedom of choice.
  • Fred hit those goals then felt peace of mind to pursue other interests like writing.
ADVICE

Start 529s Immediately And Automate

  • Start 529 contributions as soon as you become an attending and automate monthly deposits.
  • Fred began the first month he became an attending and steadily built lump sums for both children.
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