FIRE Crossroads 003: Academic Radiologist with 22 Vacation Days

Most physicians I know work more than full-time, and today’s interviewee is no exception. His days are long, the workload is heavy, and after more than 12 years of more-than-full-time work, his current job gives him almost 4.5 weeks off.

As you’ll see below when he shares his numbers, he can afford to work less. Is this the right time to make that move? If so, which of two options should he take?

Getting to Know You

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Where are you on your financial independence journey? Have you crossed the halfway point in terms of net worth and/or passive income?

My family and I are at the crossroads of our financial journey. We are about halfway to our goal of being able to spend $120,000 per year in retirement.

Although we have thoughts about heading toward a more minimalistic lifestyle and not needing nearly as much. Our net worth is about $3 million. We have $2 million in retirement accounts.

Tell us about your household. How many people and at what ages? Are you supporting anyone outside of your home? Where do you live?

Currently we live in St Louis, MO. My wife and I have been married for 13 years and we have four children — 3 girls and a boy. They are 11, 9, 6, and 4.

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