DiscoverWhite Coat Investor PodcastMtoM #3 - Become a Millionaire with the 1/3 Income Rule
MtoM #3 - Become a Millionaire with the 1/3 Income Rule

MtoM #3 - Become a Millionaire with the 1/3 Income Rule

Update: 2021-03-01
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This millionaire radiologist graduated medical school with a net worth of a bottle of wine and a bicycle. 8 years out of training he was a millionaire. How did he do it? Not with the typical white coat investor portfolio. But we learn there is more than one way to become wealthy. They all start with a high savings rate though. He applied the 1/3 rule. He saved a 1/3 of his income, enjoyed 1/3 of his income, and used a 1/3 for his living expenses. Save 33% of your income and you can do nearly anything and still be a multimillionaire by mid career. Check out this post for ways to increase your savings rate. https://www.whitecoatinvestor.com/friday-qa-series-7-ways-to-increase-your-savings-rate/

This episode was sponsored by Bob Bhayani, an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. If you need disability insurance coverage, contact Bob at drdisabilityquotes.com today by email info@drdisabilityquotes.com or by calling (973) 771-9100.

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MtoM #3 - Become a Millionaire with the 1/3 Income Rule

MtoM #3 - Become a Millionaire with the 1/3 Income Rule

Dr. Jim Dahle of the White Coat Investor