188: Net Worth of 1.2M - 28-Year-old Dentist with His Own Practice
Millionaires Unveiled
Jace Mattinson
4.8 • 872 Ratings
🗓️ 1 June 2021
⏱️ 39 minutes
🧾️ Download transcript
Summary
Robert is 28 years old and has a current net worth of 1.2M. Of the 1.2M, 850K is in taxable accounts invested in various stock holdings; he also has a few rental properties. Robert graduated dentistry school with hefty student loans but immediately bought a practice from a retiring dentist. He has worked hard to run the practice more efficiently (including adding internet advertising and a website) and thus increased both revenues and net profit. Robert also shared his financial goal of 240K of passive income annually.
Transcript
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| 0:00.0 | For those of you who are familiar with the cost of dental school it's not uncommon for new |
| 0:05.1 | dentists to graduate with almost half a million dollars in debt. |
| 0:08.7 | I didn't have quite that much but I did certainly have a significant amount. |
| 0:14.5 | And the cost of buying a dental office is also very high, |
| 0:18.2 | but the income potential is excellent. |
| 0:20.9 | The lifestyle, which is really what pulled me towards it is excellent as well. |
| 0:25.0 | I only work four days a week currently, and the real thing too that I love about it is the business ownership aspect as well and the control that you have with that regard. |
| 0:36.6 | You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and interviews of everyday millionaires. |
| 0:44.7 | We'll unveil their decisions, their strategies, |
| 0:48.4 | and their current portfolio allocation. |
| 0:51.6 | Now to your hosts, Clark Sheffield and Jace Matinson. |
| 0:57.0 | Welcome back to another episode of the Millionaires Unveiled Podcast. This is episode |
| 1:04.5 | number 188. Clark, how's it going? What's going on in your world? |
| 1:07.8 | Good, doing pretty good. We're coming up on 200 where we should have a fun guest |
| 1:12.0 | coming up, right? |
| 1:12.6 | Yeah, you know, we put that plug out there to get somebody on who's worth $2 million and we've got him. |
| 1:19.7 | Somebody... |
| 1:20.7 | 200 million. |
| 1:21.7 | 200 million, that's correct, yeah yeah they wrote in and we're going to have that |
| 1:25.9 | episode coming up hopefully they'll be super exciting and hear from somebody who's |
| 1:30.2 | built wealth to the $200 million mark. |
| 1:32.7 | So a lot of great things happening on the podcast. |
... |
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