Strategies to Generate & Preserve Wealth at Any Age (w/Dr. Mart McClellan) [Ep.135]

Episode Overview

In this episode, I welcome Dr. Mart McClellan to discuss practical strategies for building and preserving wealth, with a focus on the unique challenges faced by healthcare professionals. Dr. McClellan shares his journey from orthodontics to financial advising, and together they break down actionable steps for financial success at any career stage.

Key Topics & Timestamps

• 00:00 – Introduction
  • Dr. Mike’s mission and the importance of financial literacy
• 03:00 – Meet Dr. Mart McClellan
  • Background, dual career, and founding Macro Wealth Management
• 07:00 – Why Financial Education Matters
  • The lack of financial training in professional education
• 12:00 – Dr. McClellan’s Financial Journey
  • Early mistakes, learning from mentors, and the value of evidence-based planning
• 20:00 – The Wealth Curve Explained
  • Why early decisions matter and the impact of delayed career starts
• 28:00 – The Power of Saving
  • Savings rate vs. rate of return, setting up a “wealth freedom account,” and automating savings
• 36:00 – Good Debt vs. Bad Debt
  • Managing student loans, mortgages, and emotional responses to debt
• 45:00 – Diversification & Multiple Income Streams
  • Building wealth beyond retirement accounts, real estate, and alternative investments
• 54:00 – The Role of Advisors & Teamwork
  • Why a team approach is essential for financial planning
• 1:02:00 – Mindset Shifts & Avoiding Common Pitfalls
  • Overcoming emotional barriers, the “die with zero” mentality, and legacy planning
• 1:10:00 – Actionable Steps for All Ages
  • Starting early, maximizing old money, and planning for distribution in retirement
• 1:18:00 – Resources, Book Recommendations, and Contact Info
  • “Your Retirement Smile” and how to connect with Dr. McClellan

Notable Quotes

“The most important factor in wealth building is the ability to save as much money as you can. If you can’t save, it will be almost impossible to achieve financial success regardless of the rate of return earned.”
— Dr. Mart McClellan

“You only have one wealth curve. There’s no do-overs. Every decision you make in your twenties and thirties may not seem big at the time, but it shapes your financial future.”
— Dr. Mart McClellan

“It’s not about chasing the highest rate of return; it’s about having a plan, building good habits, and making your money work for you—so you can enjoy your wealth now and in retirement.”
— Dr. Mike DeLuke

Resources & Mentions

• Book: Your Retirement Smile: The Treatment Plan for Pay Cut Prevention in Your Golden Years by Dr. Mart McClellan
• Book: Rich Dad Poor Dad by Robert Kiyosaki
• Book: Smart Couples Finish Rich by David Bach
• Book: The Secret Wealth Advantage (real estate cycles)
• Macro Wealth Management: macro-wealth.com
• The Ortho Coach: theorthocoach.com

Connect with Dr. Mart McClellan

• Email: [e-mail]
• Website: macro-wealth.com
• Phone (text): [phone]

Connect with Dr. Mike DeLuke

• Email: [e-mail]
• DOC Community on Facebook: https://www.facebook.com/share/g/1Cb9rkQVde/

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