About

Mo Money, Mo Problems

— The Notorious B.I.G.

 

It is well documented that the middle-class is living paycheck to paycheck.  Many wealthy families are facing a different form of living paycheck-to-paycheck.

By doing an excellent job of saving money,  planning for the future and building wealth,  many high-income families are living paycheck-to-paycheck.  Not because they’re flat-out broke, but because they’ve wisely allocated their income into all the necessary buckets needed to become wealthy.

Unfortunately,  my current situation is closer to that of the middle class.

How Did I Get Here?

I got here by heading a stereotypical “Rich Physician Family.”   There was a sequence of choices that we made early in my career without enough thought about long-term financial implications.   We did it because it seemed to be what everyone else was doing.  Little did we know that many of our peers are making the same mistakes.   Now, seven years out from the end of training and heading into middle age,  we realize the folly of our decisions.

The choices we made are the same choices that most middle-class families make, the magnitude of the numbers is what sets them apart.

Follow along as we dig ourselves out from having a combined million dollars in debt to financial independence.   It will not be easy but,  let’s see how long it takes for us to go from a million down to a million up with hard work and thrift.  I officially started the journey in May 2016.

Warnings & Examples

A Wise Man Learns from the Mistakes of Others: Be Wise and Sign Up

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