#275 - How Much Money Do You Really Need for Retirement with Dr. Cory Fawcett

Dr. Cory Fawcett, a retired surgeon who now dedicates his time to helping healthcare professionals achieve financial freedom shares his unique journey from being a teenage rock band manager to a financially savvy surgeon.
He emphasizes the importance of living within one's means, avoiding unnecessary debt, and investing wisely for long-term gains. Dr. Fawcett also discusses his upcoming adventure of bicycling across America, illustrating how financial independence allows him to pursue his passions.

Bio
Dr. Cory Fawcett is a retired surgeon, financial mentor, and author dedicated to helping healthcare professionals achieve financial independence. With a passion for personal finance that began in his teenage years, Dr. Fawcett has written multiple books on financial success, real estate investing, and efficient practice management. Now, he combines his financial expertise with his love for adventure, including an upcoming bicycle ride across America. Dr. Fawcett shares his knowledge through coaching, speaking engagements, and his blog at financialsuccessmd.com.

Key Highlights
[00:01:00] Dr. Fawcett and the hosts’ past professional intersections.
[00:02:00] How Dr. Fawcett simplifies financial concepts for healthcare professionals.
[00:03:00] Managing a rock band as a teenager and the impact of early financial education.
[00:04:00] Fully contributing to retirement plans and budgeting as a resident.
[00:07:00] The journey to financial independence and the importance of living within your means.
[00:12:00] The value of treating real estate as an investment, not a second job.
[00:20:00] Avoiding quick money schemes and focusing on long-term investments.
[00:25:00] Dr. Fawcett’s shift to helping others achieve financial success.
[00:33:00] Preparing for a cross-country bicycle ride and the freedom of financial independence.

Our Advice!
Everything in this podcast is for educational purposes only. It does not constitute the practice of medicine and we are not providing medical advice. No Physician-patient relationship is formed and anything discussed in this podcast does not represent the views of our employers.

The Fine Print!
All opinions expressed by the hosts or guests in this episode are solely their opinion and are not to be used as specific medical advice. The hosts, May and Tim Hindmarsh MD, BS Free MD LLC, or any affiliates thereof are not under any obligation to update or correct any information provided in this episode. The guest's statements and opinions are subject to change without notice.

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