FIRE Starter 013: Just Starting Out in Residency

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Everyone has to start somewhere.

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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 (not necessarily early retirement, as the main earner of this couple has just now finished medical school) a reality.

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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.

We have just barely started our financial independence journey. We still have a long, long way to go. My husband just graduated medical school and will be starting a surgical subspecialty residency in June.

Our net worth is the lowest it has ever been but hopefully we will only go up from here. Our net worth number is -$281,541 — thank you, Empower!

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

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.

SWIPE UP NOW TO READ MORE

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