An emergency medicine doctor one year out of training reveals how they went from six figures to broke in twelve months. They walk through their savings rate, net worth breakdown, and what happened to their money.
I'm an emergency medicine doctor. I'm one year out of training. Today we're celebrating. Back to broke.
All right. One of my favorite milestones. Right. It sounds so dumb to anybody that's not in our community. Right. But this is a major accomplishment for doctors. Well, wait a minute. You're only a year out. You're a year out, and your net worth has gone up over $300,000.
My savings rate must have been higher than I actually planned. I was trying to aim for 20%, and somehow I saved $300,000. Plus investing, of course.
Let's go over your net worth right now. Tell us about your assets.
So I have an emergency fund that's $90,000. I have a Roth IRA that's $49,000, a taxable account, $49,000, a 401, $85,000, and an HSA of $2,600. So my student loan is still $277,000.
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