MtoM #212: Engineer and Surgeon Couple Become Millionaires and Finance 101: Estate Taxes in Different States
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 3 March 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
This Engineer and Surgeon couple have become millionaires just a short time after she completed training. They hit this impressive milestone before she even began practicing. They have a very impressive savings rate and were building wealth while she was in training and he was working as an engineer. They lived off of his income and saved hers while she was in residency. Their next financial goals are to reevaluate their savings plan, automate savings and learn how to spend more. After the interview we will talk about different states estate taxes 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. |
| 0:13.2 | This is Milestones to Millionaire podcast number 212, engineer and a surgeon become millionaires. |
| 0:19.1 | One of the most underrated financial moves in medicine is working locum tenants. |
| 0:22.6 | It pays significantly more on average, and you can work locum tenants full-time or on the side of your full-time. |
| 0:28.6 | When you work with Comp Health, the number one staffing agency, they cover your housing and travel costs, |
| 0:33.6 | which on top of higher pay really adds up. |
| 0:35.6 | Locums also gives you more control of your career, |
| 0:38.5 | allowing you to go where you want, when you want, with the schedule that works for you. It's the |
| 0:43.0 | perfect way to get ahead financially while getting focused on what you love. Whether it's |
| 0:47.1 | locum tenants or a regular permanent position, go to whitecoatinvestor.com slash comp health to build |
| 0:53.0 | your career your way with the power of |
| 0:55.2 | comp health. All right. As you're hearing this, it's March 3rd. We just wrapped up, I may not |
| 1:02.4 | even be home by the time you're hearing this. We just wrap up our annual WC icon, the physician, |
| 1:09.7 | wellness, and financial literacy conference. Okay. And we announcedician Wellness and Financial Literacy Conference, okay? |
| 1:11.8 | And we announced to all those people at the conference next year's conference. |
| 1:16.8 | Okay, we're headed back to Vegas. |
| 1:19.3 | We're excited about this. |
| 1:21.5 | So WC.I.Con 26 is going to be in Las Vegas. |
| 1:24.9 | Wait, wait, wait. |
| 1:26.0 | I know what you're thinking. |
| 1:28.1 | You're thinking, ah, Las Vegas, I, wait, wait. I know what you're thinking. You're thinking, |
... |
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