MtoM #195: Radiologist Goes Part Time and Finance 101: Real Estate vs. Stocks
whatshot 6 snips
Nov 4, 2024
A radiologist celebrates cutting back to part-time work after achieving a remarkable $11 million net worth. He emphasizes the importance of investing in relationships and self-care alongside financial gains. The episode highlights the lucrative world of locum tenens, offering flexibility and higher pay. Additionally, a comparison of real estate versus stocks reveals their unique advantages, stressing that both can coexist harmoniously within a well-rounded investment strategy. Tune in for insights on work-life balance and financial literacy!
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question_answer ANECDOTE
Generational Financial Literacy
William's grandfather paid for his father's education, inspiring a family tradition.
His father then instilled financial literacy in William, leading him to start investing during residency.
volunteer_activism ADVICE
Consistent Saving and Investing
Consistently save and invest early in your career.
Be mindful of spending, even if not strictly frugal.
insights INSIGHT
Part-Time Revitalization
Going part-time rekindled William's passion for his work.
He now enjoys his work more with a balanced schedule.
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This radiologist has had so much success and is celebrating cutting back to part time. He has a net worth of roughly $11 million and could have retired if he wanted to. He said going part time has re-sparked his love for his work and he thinks he will keep working far longer than he thought he would want to. His biggest advice to you is to invest in more than just money. It is just as important, if not more important, to invest in your marriage, your kids, your family, yourself and your community more than anything else. After the episode we will be comparing real estate and stocks.
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