Money Meets Medicine

Saving Less Saved My Career (Coast FIRE)


Listen Later

What if your first three years as an attending decide whether you work three days a week in your 40s—or six days into your 60s?

Dr. Jimmy Turner burned out early in his career—antidepressants, 1.3 FTE, the works—before discovering the fix: working less. He and Justin Harvey, CFP, break down Coast FIRE, your Wealth Accumulation Rate, and why the savings decisions you make right out of training set a trajectory you'll feel for decades.

What you'll learn:

  • Why a ~30% Wealth Accumulation Rate early on can buy you a 3-day clinical week later
  • How Coast FIRE lets you save less down the road and still reach financial independence on time
  • The two kinds of autonomy—personal and professional—that really drive physician burnout
  • A smarter take on "live like a resident" so you can enjoy your income without losing the plot
  •  

    Resources:

    Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA

    Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

    Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    ...more
    View all episodesView all episodes
    Download on the App Store

    Money Meets MedicineBy Doctor Podcast Network, Jimmy Turner MD

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    221 ratings


    More shows like Money Meets Medicine

    View all
    Afford Anything | Get Smarter With Money by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

    Afford Anything | Get Smarter With Money

    3,557 Listeners

    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,248 Listeners

    Your Money, Your Wealth by Your Money, Your Wealth

    Your Money, Your Wealth

    810 Listeners

    ChooseFI | Financial Independence Podcast by ChooseFI

    ChooseFI | Financial Independence Podcast

    5,161 Listeners

    White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor

    White Coat Investor Podcast

    2,446 Listeners

    Millionaires Unveiled by Jace Mattinson, CPA

    Millionaires Unveiled

    896 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,056 Listeners

    Earn & Invest by Jordan Grumet (Doc G)

    Earn & Invest

    452 Listeners

    Student Loan Planner by Travis Hornsby

    Student Loan Planner

    185 Listeners

    The Passive Income MD Podcast by Peter Kim, MD

    The Passive Income MD Podcast

    278 Listeners

    The Personal Finance Podcast by Andrew Giancola

    The Personal Finance Podcast

    1,424 Listeners

    All the Hacks: Money, Points & Life by Chris Hutchins

    All the Hacks: Money, Points & Life

    1,621 Listeners

    Mile High FI Podcast by Doug Cunnington, Mr. Money Mustache, & Carl Jensen

    Mile High FI Podcast

    204 Listeners

    Catching Up to FI by Bill Yount & Jackie Cummings Koski

    Catching Up to FI

    359 Listeners

    Point Me To First Class by Devon Gimbel MD

    Point Me To First Class

    1,195 Listeners