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Why does this doctor live a frugal life?

Why does this doctor live a frugal life?

FromChain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More


Why does this doctor live a frugal life?

FromChain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

ratings:
Length:
29 minutes
Released:
Sep 10, 2018
Format:
Podcast episode

Description

Visit www.chainofwealth.com to grow your wealth [2:52] Tons of people think doctors had a ton of money and it’s all easy. Did you graduate with any student loan debt and how were the early days for you? Had about 60k worth of loans Lots of doctors [5:46] The field of medicine has many different practices, you are an anesthesiologist but if you could go back and change your career path, is there any type of medicine you’d do? Happy with choice Trying to decide on retirement Addiction is a major problem people face, it could be an interesting career path [11:47] What sparked your interest to being on a path of FI Study by Fidelity only 50% of physicians max out their 401ks Father did a good job of teaching Lief [16:27] What is some advice you would give the younger version of yourself knowing what you know now? Building a large home- perhaps wasn’t the best thing to do. Ended up losing $250k [18:29] How are you preparing your children to be as equally financially responsible as you? Teaching financially responsible behavior Started giving kids 1% interest per month on their savings Other things explained to the kids such as electricity and other costsSupport this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip
Released:
Sep 10, 2018
Format:
Podcast episode

Titles in the series (100)

Denis and Katie interview inspiring people on topics around debt, wealth, investing, financing and more. Building wealth is a fundamental principle where there is not enough knowledge - follow them on their journey to pay back all Katie's debt and learn from the masters themselves! Episodes Monday & Thursday, which are perfect for your commute, teach you actionable ways to build your financial life and achieve your dreams. During the episodes, we touch on questions that unlock thought leaders' secrets. Right after that we jump right into the value link round, where we get their take on why people fail, some of the best books or podcasts they recommend and much more!Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip