FIRE Crossroads 019: When $10 Million is Not Enough

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When I was a young attending, I came to the realization that one day, if I kept doing what I was doing, a $10 Million Dream was within reach. It would take time, but I would get there eventually.

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Today’s interviewee has moved the needle in the opposite direction.

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[{"selector":"#anim-bc923e16-2f39-4e46-8291-6b74793a956b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61b3c546-76c1-4218-b792-c0bfb90a6387","keyframes":{"transform":["translate3d(96.81698%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] ​ That’s a tough question to answer. My financial journey continues to evolve as my career goes forward and I continue to accumulate wealth. When I started my career about 10 years ago as an academic physician, my income was pretty much burned through with my student loan payments, my mortgage, and my moderate lifestyle. Read More

The only retirement savings I had was through the university where I worked. They would take directly from my check each month. I was making $300,000 per year at that time and was able to put in $53,000 into my state retirement plan. Gray Frame Corner Read More

Most of that $53,000 came from employer contributions. So, I never really read much about finance or investing at that time because it didn’t seem like something I needed to do.

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FIRE Crossroads 019: When $10 Million is Not Enough

When I was a young attending, I came to the realization that one day, if I kept doing what I was doing, a $10 Million Dream was within reach. It would take time, but I would get there eventually.

Today’s interviewee has moved the needle in the opposite direction.

Most of that $53,000 came from employer contributions. So, I never really read much about finance or investing at that time because it didn’t seem like something I needed to do.

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