FIRE Starter 003: Anesthesiologist on Geographic Arbitrage

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This doctor got a high-paying job, built a beautiful home, and shortly thereafter, decided that wasn’t the place to call home, after all. While such a realization would be a setback for most people, the anesthesiologist featured today made the best of the situation, designing a lifestyle and work schedule that was closer to ideal.

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While this physician is doing amazingly well and will be just fine without our input, there are a handful of questions and requests for feedback at the end. If you’ve got any suggestions or answers, please leave them in the comments section below.

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Getting to Know You

Where are you on your financial independence journey? Have you reached a positive net worth? It’s OK if you haven’t! Most of us started out in the red.

When I finished fellowship 2 years ago, my net worth was -$171,000. Today, my net worth is now +$371,000. I increased my net worth by $542,000 over 2 years.

At the end of training, I had $185,000 in student loans from undergrad and medical school combined. I currently have about $88,000 left. I have no other debts; my car is paid off and I rent a 1 bedroom apartment.

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

I live alone in a 1 bedroom apartment in the Mid-Atlantic area where I rent; I moved here after selling my house in the Midwest. I do still support my mother here, along with several extended family members in my country of origin. Monthly, I spend $7,000 to $8,000 on myself (variable expenses included) and $2,000 to $3,000 on the family members I support.

SWIPE UP NOW TO READ MORE

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