EPISODE · Nov 15, 2019 · 1H 10M
I Don't Want No Scrubs: Why You Should Live on 50% of Your Income with Physician on FIRE
from Man Overseas Podcast
My guest is Leif Dahleen, aka Physician on FIRE. He retired from medicine in August to live a bigger life.I was excited to have POF on the podcast for a few reasons. First, I've recommended POF's insightful blog, PhysicianOnFIRE.com, to several friends of mine over the years. He's been sharing a wealth of knowledge on personal finance, early retirement, medicine and other miscellany since 2016.Second, doctors are notoriously bad with money. In fact, The Millionaire Next Door author Thomas Stanley wrote that doctors are the worst under-accumulators of wealth (UAWs) among high-income professionals. But Leif's a contrarian. He took exception to the UAW moniker and became the change he wanted to see—then started blogging to track his progress toward early retirement.Despite reaching financial independence (FI) at age 39, Leif kept doctoring. Who knew "doctoring" could be used outside of baseball? I digress. Finally, at age 43, he hung up the scrubs, adding RE (retire early) to his FI.Now he's a FIRE'd full-time family man focused on content creation (last year alone POFire.com had over 3.5 million page views). He & his family also plan to do volunteer work in Honduras and travel overseas [POFO?].His travels have already begun—he recorded this episode from Guanajuato, Mexico. Here are topics we discuss:A major uprising in EcuadorWhy his family loves Guanajuato, MXPolitical instability in Barcelona, SpainLanguage learning with DuolingoHomeschooling kids Life as an Anesthesiologist:Why anesthesia made me question my Catholic upbringingExamples of high-stress situations he faced at workGrueling schooling required to be a doctorWhy residents are called residents Blog Life:My theory of why POF is so prolific in producing contentA day in the life of a retired physicianAttending Camp FIThe importance of providing a rich cultural experience for his kidsWebsite he used to plan a trans-pacific international cruisePlans for a 5-month trip (LA to Shanghai)AirBnB tips & advice (use this link for $55 toward your 1st booking) Money Talk:Where he learned the value of a dollarWhat Financial Planners disagree with him onInspiring friends to pursue financial independenceHow Leif handles Twitter trollsTracking & sharing your net worth onlineOnline net worth "pissing contests" More Money Talk:How much POF is withdrawing from his assets to live onHow much POF will spend annually in retirementThe Rule of 72$10 million net worth by age 60How J-Money became a millionaireLeading cause of physician burnoutGetting to FI within 10 years of finishing residency
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I Don't Want No Scrubs: Why You Should Live on 50% of Your Income with Physician on FIRE
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