The First Taste of the new Bo, the good and.... the bad...
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For show notes, including player bio's, character sheets and more head over to doordicepodcast.com
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Episode 16 – Irish Lightning
We are nearly 1 year into this podcast thing! Can you believe it? Daryl and Eric released the first ep in June of 2018! What should we do for the anniversary? For our second show in May, let’s talk about Wheeling! Eric just got back from an adventure in Tennessee with avid TW listener Jake Irish. We invite Jake along for this show to talk about the trip, and of course, comment on the automotive news of the day. Projects: Eric: Grocery List from GSMTR: UCA’s, Fuel Tank Skid, Tires, Front Bumper, Hidden Winch Mount, Good Cleaning! Also, I am chasing Unicorns at the farm…Read More →
The post Episode 16 – Irish Lightning appeared first on Throwin' Wrenches Podcast.
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MOT 040 | Akron Makerspace
The one where they nerd out with Devin on makerspace topics
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How a Physician is Planning on Reaching FI | Doc of all Tradez
What is the best way a physician can reach FIRE?
In this episode J talks to Jesse, a physician who is set to FIRE in 10 years. He is currently 43 with 3 children, and talks to us about his different lifestyle changes, his investment strategies and negotiation advice.
You'll love that story.
We also chat about...
His plan and timeline for FI and his children's education
The ethics of retiring early as a physician
How he cut back on hours
His plan on international travel
Rebalancing his portfolio and his investment strategy
How to negotiate from above
Enjoy this chat with Jesse, and please subscribe to us in iTunes if you enjoyed it!
Show notes and links from today's episode
Jesse's blog: Doc of all Tradez
The Physician Negotiator
Unplugged Parents
Physician on FIRE
Seak Medicine
Physicians helping Physicians
Nuestros Pequeños Hermanos
William Bernstein
Dough Roller
Episode: A to Z of the Startup Life and Cryptocurrency with Erica Amatori
Crypto Zombie Youtube
Krowns Crypto Cave
Episode: How Negotiating Boosted My Income to a 6 Figure Salary | Financial Mechanic
Stuart Diamond
Key takeaways from our chat with Jesse
1 - The market for retired physicians is ready for disruption
Quitting medicine early is a one way street since it's very hard to go back to being a physician once taking some time off. There are also some ethical questions behind retiring early as a physician, simply because physicians help save lives and are necessary to society, whereas someone working in the tech industry isn't as needed. However, Jesse argues that tele-medicine is already starting to be a thing, with retired physicians helping companies and individuals with their health from the internet.
2 - How to negotiate as a physician
Jesse explains that physicians don't negotiate when they are first hired, causing the entire average salary to decrease. This is because in their first job interview they're happy to take anything. Jesse argues that as a physician you have a huge opportunity to earn a larger salary, even if you end at the bottom of your class. His three negotiation steps are:
Use the data to prove what you're worth.
Get them to like you
Learn to deal with and use your emotions
3 - Rebalancing your portfolio
Jesse has a slightly different investment strategy which includes rebalancing his portfolio every quarter and setting targets for bonds, alternatives and stocks. This follows a specific asset allocation strategy which offers a more balanced and personal approach to investing. Jesse also likes cryptocurrency and explains how owning bitcoin now could pay off a lot in the future. Crypto consists of 1% of his portfolio, but he advises that you should only invest what you're willing to lose.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.
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Ep. 58: Anheuser-Busch & The Justin Scale
Dear Mommy, The universe loving you really worked out for me. Especially since it lead to us drinking a beer I’m actually perfectly okay with! I’m only a year and two months from being able to drink it at Grant’s Farm. Love, Bree
South Africa