White Coat Investor Podcast MtoM #238: Hand Surgeon Becomes Multimillionaire and Finance 101: Annuities
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Sep 1, 2025 A seasoned hand surgeon shares his inspiring journey to becoming a multimillionaire, emphasizing the importance of financial literacy and the slow but rewarding path of saving and investing. He underscores the value of paying yourself first and fostering supportive financial partnerships. The discussion then shifts to annuities, clarifying misconceptions and highlighting their role in retirement planning. Listeners gain insights into the complexities of annuities and the necessity of informed decision-making in personal finance.
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Late-Career Multimillionaire
- Greg and his wife reached a net worth of about $3.4–$3.5M after 33 years in practice.
- Their $650k paid-off home and ~$2.4M in retirement accounts make up the bulk of it.
From Debt To Financial Literacy
- Greg left training with about $100,000 in student debt in 1986 and had marginal financial literacy.
- He learned over time by asking colleagues and later subscribing to White Coat Investor resources.
Pay Off Your Mortgage Early
- Pay off mortgage principal early if it aligns with your plan and cash flow.
- Greg paid extra $4–5k monthly and finished paying his house off in 2019.
