Strategies for Becoming a Young Multi-Millionaire and a Super Dad – with Physician on FIRE

Financial Independence, Multi-Millionaire Success, Investing

I may earn commissions from the links in this post. Opinions shared are for entertainment purposes only and should not be considered as professional advice.

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.

Multi-Millionaire, Financial Independence, Tax Advantaged Investing

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!

Lexie from Rhode Island

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.


Show Resources

SHOW SPONSOR:  BLOOOM

Marriage, Kids and Money Podcast, Blooom

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Physician on fire’S RESOURCES

WebsitePhysician on FIRE

Recommended BlogMr. Money Mustache

Recommended BookMillionaire 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

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

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.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

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.


 

Author: Andy Hill

Andy Hill, a mid-30’s father of two living in the metro Detroit area, pens the MarriageKidsandMoney.com (MKM) blog taking you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money.

2 thoughts on “Strategies for Becoming a Young Multi-Millionaire and a Super Dad – with Physician on FIRE”

  1. 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.

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