October Total Income:
October 2025 was my first month working as a “part-time” ER doctor. I only worked 7 clinical shifts and did a bit of telemedicine on the side. We also took almost two weeks off for vacation and my son’s birthday party which was honestly, wonderful. Thus, our income dipped a bit this time, but I do feel like we are getting to a place were we can start to pull back just a little bit.
Expenses
This month was about the lowest spending we can get without any major bills due. I am due to renew my state medical license so I had to pay some fees for that. Next month will be a different story as most of our vacation and sons birthday party expenses will be due as well as property taxes for the year 🙂
Investments
This month, we hit $2.7 million in the stock market! Now up over $1.1 YTD. We continue to get positive returns in the market. SP500 gained 2.3% for the month of October. It has been a wild year in the stock market but just staying the course and continuing to buy remains a winning formula.
I added another $10k into our taxable account this month, otherwise I continue to grow our cash position as we have our large end of year S corp tax bill looming and then also holding some cash for deployment in January into our retirement accounts.
Investment Accounts:
A net gain of $56k for the month. While equity markets grew, crypto dipped a bit causing a draw down in some of my accounts.
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? DONE October begins my transition to hybrid EM and telemed work. I’ll likely see a drop in my income, but I am ok with that.
-AMJ