July Total Income:
July was a good month (its my birthday month!). Still ended up working a lot of shifts but had a little mini vacation for my birthday and overall was good. July will be my last month of working “extra” EM shifts as I make a transition to more part-time/PRN work. I am hoping to do more telemedicine work and continue to supplement doing a few EM shifts each month.
Expenses
Fairly standard month, we had some minor maintenance items we had to pay for (window cleaning and garage door issues), but otherwise no major surprises or expenses.
Investments
We continue to invest every extra dollar we can, market had a good month in July and the money continues to compound.
New goal to invest 400k for the year, should hit it in early September as my wife should only need 2-3 more paychecks to get her 457 maxed out for the year. The rest of the year, much of my income will be saved up for tax payments. I am also expecting around 75k additional inheritance in the next month or so which I plan to keep as cash for taxes and future expenses.
Investment Accounts:
Our money continues to compound and we continue the slow march upward. I have finally made a transition in my career to work fewer EM shifts and hoping to increase my telemedicine work and increase my quality of life.
My Financial Goals for 2025
- Hit $2 Million in investments. DONE
- DONE- PAID OFF IN FEBURARY!!!! Pay off remaining student loans. I start the year with ~$95k left in student loans refinanced to 1.1%. I know mathematically it makes zero sense, but I only have two years left on them regardless. I plan to fully fund my retirement accounts in the first quarter of 2025 and then have them gone by midway through the year.
- Work less? Finally doing this starting officially in October.
-AMJ