Beyond the 'why' of money lies the 'how'—and it starts with a practical paradox most doctors never hear: the less you need, the richer you become.
What if the secret to true wealth isn't earning more, but spending less? In episode two of his finance miniseries, host Dr. Randy Lehman reveals why frugality is the unsung hero of wealth building. This isn't about pinching pennies or living like a monk—it's about buying back your freedom.
Dr. Lehman shares his remarkable journey from a negative $150,000 net worth in residency to positive $400,000 by graduation, achieved through four strategic moves that most doctors never consider. From his $83,000 house two blocks from the hospital to the 12-unit apartment deal that taught him everything about real estate investing, Dr. Lehman demonstrates why your spending dictates your freedom more than your income ever will.
Discover the 4% rule, learn why minimalism is the upgrade to frugality, and understand how living below your means creates the margin needed for true financial independence.
0:00 Introduction
2:45 The FIRE Movement and 4% Rule
8:30 Frugality vs. Scarcity Mindset
12:15 The $83,000 House Story
18:20 Minimalism as an Upgrade
22:10 Four Ways to Build Net Worth in Residency
35:45 The 12-Unit Apartment Deal
42:30 Why Nothing is Permanent
44:15 From Saving Phase to Growth Phase
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