MtoM #210: Engineer Becomes a Multimillionaire with a Six Figure HSA and Finance 101: FIRE

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 17 February 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are talking with an Automotive Engineer who has built a 6 figure HSA and gown his net worth to over $2 million. He shows us that you do not have to make a half a million dollars or more a year to become a millionaire or to reach FIRE. He has a massive savings rate and got started right out of school. 13 years later he is well on his way to financial independence. He said it has always been important to him to have freedom and independence to choose what he wants to do without worrying about finances. He wants to be able to serve his community and maybe even teach personal finance when he is no longer working full time. After the interview we are going to talk about FIRE for Finance 101.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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Transcript

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0:00.0	This is the White Coat Investor podcast, Milestones to Millionaire, celebrating stories of success
0:06.0	along the journey to financial freedom.
0:13.3	This is Milestones to Millionaire podcast number 210. Engineer becomes a multimillionaire with a six-figure
0:19.2	HSA. One of the most underrated financial moves in medicine is working locum tenants.
0:24.5	It pays significantly more on average and you can work Locum's full-time or on the side of your full-time.
0:29.4	When you work with Comp Health, the number one staffing agency, they cover your housing and travel costs,
0:33.8	which on top of higher pay really adds up.
0:36.8	Locums also gives you more control of your career, allowing you to go where you want, when
0:40.2	you want, with a schedule that works for you.
0:42.2	It's the perfect way to get ahead financially while getting focused on what you love.
0:46.0	Whether it's Locum tenants or a regular permanent position, go to whitecodeinvestor.com
0:50.3	slash comp health to build your career your way with the power of comp health.
0:55.9	All right.
0:56.6	Don't forget WCICon is coming up.
0:59.2	By the time you hear this, I think it's only like two weeks away or even less.
1:03.4	But you know what?
1:04.4	You don't have to come in person.
1:06.7	You can come virtually.
1:09.2	And you can get $100 off until February 27th by using code virtual
1:15.2	100 when you sign up, when you register for the conference. We'd love to have you there virtually.
1:21.5	We find lots of people just come virtually every year, but for others, it's a little bit of a gateway
1:26.4	drug. They come virtually once,
	...

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