Money, retirement, wealth, prosperity. All terms we are familiar with but do any of us know how to achieve them? That is why I wanted to have my friend and colleague, Dr. Mart McClellan on the show. Mart is an orthodontist AND a financial advisor and he is a wealth (pun intended 😊) of knowledge. He will share how he feels all of us can achieve financial prosperity both pre-and post-retirement.

We discuss:

· What motivated Mart to pursue a career in financial advisement while he was practicing orthodontics full-time.

· How a conference Mart went to as a resident changed his perspective on money.

· What to do about debt, including student loan debt, mortgage debt, consumer debt, etc.

· If Dave Ramsey has the right idea by recommending to aggressively pay down debt.

· Whether to get a 15-year or 30-year mortgage.

· Ways to change your mindset towards money.

· The importance of setting goals for your financial future.

· The flaws with the traditional financial model.

· How to get off the traditional linear model of accumulating wealth and accelerate your wealth curve.

· The importance of thinking about how to distribute your assets, not just accumulate them.

· Who the “rulesmakers” are and how they attack our money 365 days/year.

· The percentage of your earnings that you should be saving every year.

· What a “Wealth Freedom Account” is and why you need one.

· If you need an Emergency Fund and, if so, how much to put in it.

· Which is more important, a savings rate or a rate of return.

· The difference between “new money” and “old money” when it comes to investing.

· Why we don’t believe in “evidence-based financial planning.”

· What a “diversified portfolio” really means, and what it is not.

· When to expect the next downturn in the real estate market.

· The difference between average rate of return and annualized rate of return, and which is more important.

· How many different income streams wealthy people typically have.

· Whether or not you should fund a retirement plan.

· Mart’s thoughts on the “Die with Zero” mentality.

· What can be done to help students/residents get a better financial education.

· Strategies for older docs can do to maximize their retirement income.

· And much more!

LINKS:

-Mart’s Book “Your Retirement Smile”: https://a.co/d/9y6fTRU

-Mart’s Website: www.Macro-Wealth.com

-Mart’s Email: [email protected]

-Mart’s Cell: (847) 363-5502

-Rich Dad, Poor Dad: https://a.co/d/6nkfQFS

-Smart Couples Finish Rich: https://a.co/d/6nkfQFS