MtoM #204: Two Doc Couple Beats the Seven Year Itch and Becomes Multi Millionaires and Finance 101: Your Finances at the Beginning of the Year
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Jan 6, 2025
A dynamic couple celebrates eight years of marriage while sharing their financial success story. They emphasize the importance of financial education and disciplined saving, managing to pay cash for their home by their mid-30s. The discussion explores the balance between careers, parenting, and wealth-building. Listeners receive valuable advice on personalized investment strategies for the new year, including tax-advantaged accounts. The couple’s journey showcases how teamwork in both love and finances can lead to extraordinary achievements.
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Two-Doc Couple's Success
Steve, a child and adolescent psychiatrist, and his wife, a surgeon, celebrated their eighth wedding anniversary.
They have achieved a net worth of around $3 million in about eight years.
insights INSIGHT
Secrets to Success
The couple's shared financial values and high savings rate are key to their wealth-building success.
They generally save the surgeon's entire income.
question_answer ANECDOTE
Early Financial Mistakes
Steve accumulated $200,000 in student loan debt at 6.8% interest.
He initially ignored the debt but addressed it during residency.
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This two doc couple is celebrating 8 years of marriage. He talks about how having such a fantastic partner is the most important part of his life and has made all of this hard work worth it. He talked about the importance of being financially educated so you can learn from others and avoid the mistakes they have made. He said he is grateful his mistakes were early and fairly small. This couple has always valued saving and building wealth and have generally saved her entire income. They even paid cash for their home in their mid 30s. These two are an incredible couple that show us just what is possible when you are both on the same page in your relationship and your finances. After the interview we will talk about your finances at the beginning of the year.
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