36 min listen
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)
Retire with Mr. SSC: Slowly Sipping Coffee by Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More