When you truly take control of your money and achieve financial independence, doors start to open up that you never thought were even possible. As a parent with young children, this new-found freedom and opportunity allows you to enjoy more time with your kids and make life long memories together.
The Physician on FIRE is my guest today and he is a perfect example of this type of family financial success.
He manages and writes for his popular Physician on FIRE blog which is dedicated to informing and inspiring both physicians and their patients about the benefits of financial independence.
After working a 9-year medical career, he reached financial independence at 39 years old. Recently he went from full-time anesthesiologist to part-time in order to spend more time with his wife and two young boys and travel the world.
What are we covering?
Physician on FIRE (PoF) and I chat about:
- The investment strategies he used to become a young multi-millionaire
- Why global travel is so important to his family
- How his charitable giving can live on in perpetuity
I realize most of the folks listening (including myself) are not multi-millionaires like PoF, but that shouldn’t be discouraging. It should be encouraging!
We get the opportunity learn from someone who’s done something incredible with his life and his family.
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About Our Guest: Physician on FIRE
The Physician on FIRE is husband, father to two boys in elementary school, and a part-time anesthesiologist. He reached financial independence as a full-time anesthesiologist a few years ago at age 39 and subsequently started the website to help his physician colleagues and others discover the freedom that is financial independence.
Money Master of the Week
Lexie from Rhode Island has crushed $11,000 of student and consumer debt in 8 months!
She reduced her spending, increased her income through various side hustles and earned her debt freedom. Lexie is now debt free at 23!
Through her blog, A Budgeting Blonde, she's inspiring others to grow their income and eliminate their debt.
Lexie from Rhode Island is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:
- First name
- Location
- Your recent big win
- How you did it
- Your plans for the future
Your story will inspire others to save more, make more and plan for their family’s future.
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Physician on fire’S RESOURCES
Website: Physician on FIRE
Recommended Blog: Mr. Money Mustache
Recommended Book: Millionaire Next Door by Thomas J. Stanley
MKM PODCAST RESOURCES
MKM Meet Up in Royal Oak, MI: Come for a beer and some money talk on July 19th, from 5:30-7:30 pm at the Royal Oak Brewery in Royal Oak, MI.
Thriving Families Facebook Group: Join our new FREE Facebook Community!
Young Family Wealth Playbook (FREE): 7-Steps to Solidifying Your Family’s Future Wealth
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Questions?
I’d love to hear from you!
If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.
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Carpe Diem Quote
“No amount of money or success can take the place of time spent with your family.”
-Unknown
How are you investing your money so you will become wealthy?
Please let us know in the comments below.
2 Comments
Great post Andy, a lot of good information here. I’m currently investing in real estate but I’m always looking for ways to diversify. I’m going to check out some more of your posts.
Thanks Cara! PoF is a very motivating guy.
I’d love to hear what you think of the site 🙂