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White Coat Investor Podcast
MtoM #170: Orthopedic Surgeon Completes His Military Commitment as a Millionaire and Finance 101: Itemizing Deductions
May 13, 2024
21:13
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An orthopedic surgeon who completed his military commitment shares his journey to becoming a millionaire. Topics covered include wealth building strategies, military pay, retirement planning, and transitioning to civilian life. The podcast also discusses finance 101, focusing on itemizing deductions for tax benefits.
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Quick takeaways
- Military service can lead to financial success through strategic moves and prudent financial decisions.
- Prioritizing retirement contributions, frugal living, and moonlighting are key to achieving financial stability and success.
Deep dives
Career Path in the Military as an Orthopedic Surgeon
An orthopedic surgeon shares his journey through the military, completing various training programs, including a fellowship in knee and hip replacement. After 16 years of active service, he highlights his decision to leave the military, detailing the retirement benefits under the new blended retirement system. Despite the financial differences between military and civilian pay scales, he reflects on the financial pathway he navigated, which included strategic moves, moonlighting opportunities, and prudent financial decisions.
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