This is a YouTube video titled "Advice from a Multi-Millionaire #Doctor" containing an English conversation between two speakers, one a child and adolescent psychiatrist and the other an interviewer, discussing the psychiatrist's financial success, net worth, and investment strategies as of January 2025.
I'm a child and adolescent psychiatrist and my wife is a specialty surgeon.
Where are you at now with your net worth?
Right around 3 million.
$3 million, 7, 8 years out. That's awesome. Congratulations. You guys are killing it.
Thank you. We have a million dollars in our primary residence and then the rest is about 1.5 in taxable, and then about half a million between our 401s and backdoor Roth IRAs.
What are your secrets to success? How have you acquired this much wealth that quickly?
We just are very lucky to be on the same page financially the whole way through. We both have just, I think intrinsically the way we were raised, learned to have a value for money and then obviously a big part of it, as I said before, is just kind of knowing what to do. Being smart with, you know, low cost index funds, letting the market do the work, not being trapped by any whole life policies or bad decisions that I know other people have had to make. The mistakes of my brother and that I stepped over and so I haven't had to make those mistakes, which has been very fortunate.
Physician Takes a Youth Sports Team to the State Championship - MtoM Podcast #236
