August Total Income:
August kept us busy, still working a full schedule of shifts, I didn’t have a lot of time to do telemedicine in July thus my income from that is down otherwise standard month for us as far as our income.
Expenses
Nothing major this month, still make minimum payments on our mortgage and invest the rest, otherwise the usual expenses.
Investments
Market continues to climb up and to the right. It honestly doesn’t feel real at this time, I never imagined we’d be this far at this point in my career. It’s giving me the confidence to pull back at work a bit which is much needed.
We officially hit our goal of $400k invested for the year! Every retirement account is maxed (technically not the 2025 DB plan because I don’t get final numbers until end of year with CPA). Now the rest of the rest will be saving up for taxes and then holding some cash to deploy into next years retirement accounts.
Investment Accounts:
We continue to make progress on with our investments, I am still making minimal payments to my mortgage, we are having discussions regarding pay it down and recasting the mortgage, but likely wouldn’t be till next year anyway. September is here which is going to my last month of “full time” EM work. Positive changes are ahead in regards to a better work life balance.
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? September will be my last month of full time EM work, transitioning to hybrid EM and telemed work.
-AMJ