MtoM #235: Resident Gets $100K in Assets During Residency and Finance 101: Medical School

MtoM #235: Resident Gets $100K in Assets During Residency and Finance 101: Medical School

Today we are talking with a doc just starting his third year of residency and he already has $100,000 in assets. He had his financial awakening his final year of medical school and has hit the ground running. He has a savings rate of over 40% and has done an amazing job keep their fixed expenses low. He has no car payment, no kids, cheap rent, and is living like a resident should. He found a moonlighting job that should let him make around $40K this year that will all go to savings. This doc is going to absolutely crush all of his financial goals moving forward. After the interview we are talking about if going to medical school is still worth it for Finance 101.

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00:00 MtoM Podcast #235
02:39 $100K in Assets During Residency
19:00 Advice For Others
22:22 Is Medical School a Good Investment?

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