Always enjoyed your vids from bootcamp. These videos ara also very helpful. The only downside to this simplification is that dentists have very weird earning structures (production based) and this fluctuates a lot. Moreover, we continue to make more debt by purchasing practice, new equipment etc…. :(
Definitely thought you were showing ratios to use when you put up the "millionaire next door" and "white coat investor" graphics and thought 1:19 is the same as 2:38 haha. then I realized they were time stamps
Tax free accounts are also important!! Just maxing out a 401K and Roth IRA from 26-65 (for a dentist who did 4 years undergrad, 4 years d school) can lead to a multimillion dollar retirement for our generation
thank you Josh! there aren't a ton that I know at the intersection of all three. I've read The Whitecoat Investor, and although designed for physicians, essentially all applies to us as well. I recently read the Psychology of Money by Morgan Housel and it was quite good, would recommend.
The first million is easy, the second million is the hardest. From 3 to 8 million quicker than you think. Put 2.8 million pre tax into a cash balance plan. Don’t be the millionaire next door, be the decamillionaire next door.
@@jmey because after you saved your first million, you have scrimped and saved, done without and you deserve the million dollar house, the 250,000 sports car. But then you realized stuff is just stuff and you get back to saving for tomorrow, delayed gratification, because that is what you know.
if you want to retire earlier you have two options: save more (earnings up, savings rate up) or lower your monthly expenditures so you need less to retire on
