A Tale of 4 Physicians 2022: Lifestyle on Financial Independence Story 

In January of 2016, a week after this website was launched, I first published the original Tale of 4 Physicians. This short post became the basis for a series of posts as I explored how changes in life situations and lifestyles affected the ability of these 4 physicians to attain financial independence.

Five years have now passed since the world met Drs. Anderson, Benson, Carlson, and Dahlgren, and it’s time to change things up a bit and expand upon their stories.

To make their financial lives more relatable, these early-career doctors are now paying down student loan debt, spending a bit more, but also earning a bit more as they’ve increased their household incomes by $40,000 as compared to five years ago.

Dr. A Dr. Anderson is relatively frugal. While expenses of $120,000 a year may not seem frugal to the average American household earning about half of what her household spends, the good Dr. A doesn’t know many physicians that practice the fiscal restraint that she does.

Her mortgage is $2,500 a month, which affords her family a nice home in a relatively low cost of living area. The next biggest expense is her student loan payment at $2,000 a month. She was able to refinance to a fixed rate of about 3% for a 10-year term, although she’s jealous of her colleagues with variable rates than floated down to well under 1%.

Most of their vacations are spent close to home, and if they venture out further, they usually visit family and friends, keeping the travel budget very reasonable at $4,000 a year.

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