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Early career emergency doc documenting his financial journey. Somewhere Between YOLO and Frugal

  • AverageMoneyJoeMD
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  • AverageMoneyJoeMD
  • About
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September 2022 update

Uncategorized / By AverageMoneyJoeMD

Well, I think September 2022 is a month we all wish we could forget as far as the stock market goes. The S+P 500 dropped more than 9 percent and it hurts. This month, I received my biggest bonus check ever and continue to plow it into the stock market and debt pay down. We …

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The First $100k is the hardest

Uncategorized / By AverageMoneyJoeMD

I began tracking my net worth around the time I started residency in 2016 with around 20k. I had some money in a Roth IRA my dad started as a kid and started putting a few hundred dollars monthly into my residency 401k. I made around 60-70k during those years. I began working as an …

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Six Times: Why I kept refinancing my Student Loans

Uncategorized / By AverageMoneyJoeMD

I graduated medical school in 2020 with approximately 234k in federal student loan debt @ about 6% and 24k in private loans from my medical school (5%), totaling around 258k. By the time I graduated in 2020, they had peaked to around 281k. (I made minimum payments and sometimes extra payments on them.) I made …

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Overview of my 2022 Finances

Uncategorized / By AverageMoneyJoeMD

This is somewhat of a mid to late year 2022 summary as I began documenting my financial journey. I am an emergency physician two years out of residency and documenting my journey to pay down debt, build wealth but at the same time find time to live a more balanced and happy life. My personal …

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