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Buck Joffrey is surgeon turned investor. After spending years becoming a brain surgeon, Buck found that he could do a heck of a lot better with his finances as an investor. Now focused on healing people's finances instead of their brains, Buck is here to share his tips and secrets to maximize your personal finances through investing.
What We’re Chatting About This Week
Buck Joffrey is my neighbor just up the road in Santa Barbara, but we connected because of his connection to the world of personal finance. Buck worked hard to become a brain surgeon, and his first job landed him in San Francisco making around $50,000 per year. He finished his residency and started making some serious money in 2008, right in the middle of the financial crisis.
He had ignored his money until this point, but found he should take charge of his finances and became an entrepreneur. He started his own private practice and several other businesses that were eventually able to operate and pay him a profit without him trading hours for dollars. His entrepreneurship journey led him to focus on helping people focus on their finances, something Buck believes doctors are typically pretty bad at managing.
To sum up his belief: You actually have to make an effort.
The industry is built so doctors and other can just hand their money over to financial advisors and trust them to do the right thing, but if you put in effort on your own you can do well with your money on your own. And you can become a self-sufficient money expert in a lot less time than it takes to get a medical degree.
Buck built his own personal finance philosophy after reading plenty of books, including those by Robert Kiyosaki of Rich Dad Poor Dad fame. He now works to manage risk while building wealth. Learn more in this episode.
This Week’s Sponsor
This week features Empower, which I have personally used since October 2012. Shortly after signing up, I looked at my portfolio and investment fees in the free portfolio analyzer and found I was overpaying on my fees! I made a few changes based on what I learned in my Empower dashboard to save $300 per year. So far, that is worth nearly $1,500 not including investment gains. Did I mention it's free? Give it a try today.
This Week’s Guest
Buck Joffrey is surgeon turned investor. After spending years becoming a brain surgeon, Buck found that he could do a heck of a lot better with his finances as an investor. His entrepreneurship journey led him to focus on helping people focus on their finances, something Buck believes doctors are typically pretty bad at managing.
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