Advice on How to Build Wealth
5 Feb 2025

A doctor talks about building wealth through early financial education, controlling spending as income rises, and keeping savings habits steady through career changes in medicine.

A doctor talks about building wealth through early financial education, controlling spending as income rises, and keeping savings habits steady through career changes in medicine.
What do you see as your secrets to success? Because there's plenty of people that have been given your advantages that haven't been as successful as you have been. So why were you successful where maybe some of them have not been? I think definitely the advantages I've been given really helped out a lot, and I know that other people get that, too. I think that educating yourself early on is huge. Listening to this podcast, I read your book, being conscious about how you're spending your money, because as a medical student going to a resident, it's going to feel great, great to have all that money, but it's easier to lose money than it is to gain it. So if you just continue to increase your income and also increase your expenses, you're not going to be where you want to be 10, 20, 30 years down the road. So I try and keep that in mind as I get these raises and especially as I transition to an attending, I'm going to try and live like a resident to keep my savings increasing.

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