Please stay tuned for important disclosure information at the conclusion of this episode.

Hi and welcome to the Longview. I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.

Our guest on the podcast today is Bill Yant. Bill is a practicing emergency physician. He's also

co-host of a podcast called Catching Up to FI, where he and Jackie

Cummings Kosky discussed pursuing financial independence later in life. Bill received his bachelor's

degree from Duke University, his doctor of medicine degree from the University of North Carolina

at Chapel Hill, and completed his residency in emergency medicine at Northwestern

University. Bill, welcome to the Longview.

Thank you, Christine. I really appreciate being here to chat with you again today.

Well, we're excited to have you here. We want to talk about your journey a little bit.

You've been candid about how you were hurtling along on your career

path as a physician, and you were on what gets called the hedonic treadmill. I'm wondering if you

can talk about that experience. Yeah, I am an emergency physician. I've been practicing 30 years,

and boy, have I been running on the hedonic

treadmill for a long time. I was paycheck to paycheck. I wasn't paying attention to money. It was

money in, money out. And after about 20 years of this, I woke up and realized I had to take better

care of myself. Well, we want to delve into the specific things that you did. You recently announced

that you were financially independent, so it sounds like your efforts were successful. But I was

struck, I was listening to you talk about your journey to financial independence. And I was

struck by your discussion of your childhood, where it sounds like there was a bit of a scarcity mindset that was

impuged in you, and that affected your approach to money. Can you talk about that?

Yeah, my father was also a physician. He was stayed employed, and my mother was a stay-at-home

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