MtoM #239: A Professor and a Dentist Become Multimillionaires and Finance 101: Financial Waterfalls
Sep 8, 2025
A professor and his dentist wife share their inspiring journey to multimillionaire status. They emphasize the importance of paying off debt and saving for wealth while diving into real estate investments. A key to their success? Monthly date nights dedicated to financial discussions. The conversation also introduces the concept of 'financial waterfalls,' a strategic approach to prioritizing investments and debt management. Their insights provide valuable guidance for anyone looking to achieve financial independence.
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Monthly Money Date Led To Milestone
Matt and his dentist wife reached $1,000,000 invested about ten years after training.
They discovered the milestone during monthly date-night finance meetings they track each month.
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Net Worth Mix: Practice And Real Estate
Their net worth is about $2,000,000 including practice equity and real estate.
They own a paid-off primary home, a dental practice with equity, the practice building, and a rental property.
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Paid Off Home For Family Stability
They paid off their primary mortgage by 2018 to stabilize home life while his wife held most student loan debt.
They prioritized the house as a hedge in case her income stopped since they had three young children.
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Today we are chatting with a professor who has become a multimillionaire. His wife is a dentist who owns a private practice. They are both about 10 years out of training. They are debt averse and excel at tackling their goals. He said they have worked hard to pay off their mortgage, saved to build wealth, and they have also started their real estate journey by purchasing their first rental property. One of their big secrets to success is having a monthly date night where they go over and discuss their finances. This keeps them focused on their goals and helps them ensure they are doing everything they can to meet those goals. For Finance 101 we are talking about financial waterfalls.
This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://WhiteCoatInvestor.com/Protuity today by email info@protuity.com or by calling (973) 771-9100.
The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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