Displaying items by tag: savings
My thirst for early financial independence, also referred to as FIRE (Financial Independence Retire Early) by those in the personal finance world, probably started in 2014, as you will be able to tell from my savings rate that I will show you further down in this article. It started with rethinking my concept of money. The age old adage of retirement is to save 15-20% of your income, work until you turn 65, and then enjoy your life. But what if I don't want to start enjoying life when I turn 65? Can I do it as early as 55 years old? What about 45, or even 40 years old?
Finally! Training is over and now it is finally time to become an attending! All those years of training has enabled me to practice medicine without someone watching over my back (that part somewhat scares me!). Another benefit is a massive bump in salary, likely the biggest increase in salary I am going to see in my entire career. Getting off on the right foot financially has important implications for long term wealth and financial independence.