Hello all!
I have been reading this forum off and on for the last year or so and it is rather nice to find like-minded people. Most of my family and friends look at me like I have two heads when I tell them I want to at least have the option of retiring by the time I am 40. It never gets old reading about the different paths people take to financial independence and retirement.
A little about me...I am about to turn 30 and am a resident physician. I will be 32 or 33 by the time I am down with training depending on if I do a fellowship or not. My choice to do a fellowship will depend on the job market in a couple of years. I am single and the only dependents I have are a dog and two cats. I hope to have a family someday and realize that finding a like-minded wife is vital, both to a happy marriage and early retirement. I don't spend all that much money as most of my hobbies and interests don't cost much (visiting with family and friends, cooking, hiking/backpacking, musical performance, reading).
As of now I am all debt and no assets other than earning potential. I have about $250k worth of student debt ($210 borrowed and the rest is accrued interest) and $130k mortgage (which actually buys a nice house in my part of the country). I have been contributing to a Roth for the last couple of years, but realize that it is more about building a habit of savings than contributing much toward my goals.
Medicine can be fickle as a single act of congress can, and does, turn medical economics on its head. However, I am fortunate to be in a field that is currently on the high end of medicine in earning potential as well as time off and is also very easy to work part time. While things could change dramatically, I think I can be debt free by 34/35 and have between 1.5-2.2 million saved by 40. This depends on different scenarios I run (with and without a family to support as well as realistic low/high ends of salary if I stay in my general part of the country). At this point, depending on life situation, I could either retire outright or work very part time....hopefully I will avoid the "just one more year" phenomenon.
Well, I just wanted to introduce myself and say thank you for the inspiration!
I have been reading this forum off and on for the last year or so and it is rather nice to find like-minded people. Most of my family and friends look at me like I have two heads when I tell them I want to at least have the option of retiring by the time I am 40. It never gets old reading about the different paths people take to financial independence and retirement.
A little about me...I am about to turn 30 and am a resident physician. I will be 32 or 33 by the time I am down with training depending on if I do a fellowship or not. My choice to do a fellowship will depend on the job market in a couple of years. I am single and the only dependents I have are a dog and two cats. I hope to have a family someday and realize that finding a like-minded wife is vital, both to a happy marriage and early retirement. I don't spend all that much money as most of my hobbies and interests don't cost much (visiting with family and friends, cooking, hiking/backpacking, musical performance, reading).
As of now I am all debt and no assets other than earning potential. I have about $250k worth of student debt ($210 borrowed and the rest is accrued interest) and $130k mortgage (which actually buys a nice house in my part of the country). I have been contributing to a Roth for the last couple of years, but realize that it is more about building a habit of savings than contributing much toward my goals.
Medicine can be fickle as a single act of congress can, and does, turn medical economics on its head. However, I am fortunate to be in a field that is currently on the high end of medicine in earning potential as well as time off and is also very easy to work part time. While things could change dramatically, I think I can be debt free by 34/35 and have between 1.5-2.2 million saved by 40. This depends on different scenarios I run (with and without a family to support as well as realistic low/high ends of salary if I stay in my general part of the country). At this point, depending on life situation, I could either retire outright or work very part time....hopefully I will avoid the "just one more year" phenomenon.
Well, I just wanted to introduce myself and say thank you for the inspiration!