Financial independence in healthcare: how a dentist built a $7M nest egg

#91: It’s no secret that many healthcare professionals earn lots of money. So, you might think it’s relatively easy for them to achieve financial independence and retire early (or at least step back from demanding clinical hours).

Aaaand….you’d be right about that!

Sure, earning healthcare money is not a requirement for FIRE. But if you do, you certainly have more options…even if you also have large expenses (like kids).

This week, I talk with Dr. G (anonymized, his request), a dentist with two kids in the midwest who built a $7 million nest egg before stepping back from clinical practice. He explains the actions he took to build his wealth…and what he’s doing now.

We discuss:

• His career path as a dentist
• Net worth after finishing dental school
• Age when he broke even and when he reached FI
• How much he earned right out of dental school, when he broke even, when he reached FI, plus how much he earns passively now
• Spending level over the years, plus how much he spends post-FI
• Asset allocation breakdown
• Main actions he took that had the biggest impact on net worth
• His thought process on stepping back from clinical work with two young kids still in tow
• FIRE tips for people with kids

Check it out here:

https://hackyourwealth.com/dentist-financial-independence-retire-early

What type of FIRE profiles (career path, earning level, family/kid status, etc) do you want to hear more about? Let me know by leaving a comment.

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Intro/Outro: Old Bossa by Twin Musicom.