FIRE Starter 013: Just Starting Out in Residency

Everyone has to start somewhere. That old adage still rings true: the best time to plant a tree was 20 years ago. The second best time is right now.

For our interviewee today, that tree is getting planted as we speak. But hopefully, their frugal nature and a high-paying specialty will combine to make financial independence

If you’re interested in participating in one of three interview series, please download the most appropriate form for your life situation: FIRE Starter, FIRE Crossroads, or Post-FI Notes.

FIRE Starter 013: Just Starting Out in Residency

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Most of our debt is due to buying a $260,000 house for residency. If we had graduated 2 years ago it would have been about $170,000, but that’s life. My very generous in-laws gave us $30,000 to put down.

Where are you on your financial independence journey?

We have two children, ages three and eight months. My husband is 28 and I am 27. Yes, we had children very young! Having children in medical school with hardly any income was difficult, and that’s an understatement.

Tell us about your household. How many people?

I work for a blog doing social media and editing articles. It is the BEST job. It’s remote and flexible, so I can work 15-20 hours a week without having to pay for childcare.

In what field are you working?

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