<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Portfolio topped $900,000!
 

Portfolio topped $900,000!

July 5th, 2017 at 12:43 am

In responding to a post on the forums, I updated my financial spreadsheet and discovered that as of yesterday, our portfolio stood at a little over $930,000. This is the first time it's ever been over 900K so I thought that was exciting.

I know that having $1 million really doesn't mean anything remarkable. It isn't enough to retire and it won't change anything about what we're doing but to see that we're closing in on that point is still pretty neat.

It will still take some time to get there but we're the closest we've ever been.

10 Responses to “Portfolio topped $900,000!”

  1. rachael Says:

    I think that is awesome! and it definately does mean somethign remarkable. Great job

  2. Out of the Dark Says:

    Great job. Very happy for you and your family. Keep up the great work. You are in inspiration!

  3. VS_ozgirl Says:

    Congratulations, that's great!

  4. PatientSaver Says:

    Hey, it's all about the milestones, which are rewarding and motivating to keep doing what you're doing.

  5. PatientSaver Says:

    By the way, I am curious about something. You may not know the answer, but do you think among your physician colleagues that you are ahead of the pack as far as savings go, about average or behind?

  6. rob62521 Says:

    Sounds pretty remarkable to me! Congrats!

  7. disneysteve Says:

    "By the way, I am curious about something. You may not know the answer, but do you think among your physician colleagues that you are ahead of the pack as far as savings go, about average or behind?"

    Interesting question. I think many doctors fall into the trap of living the "doctor lifestyle". Back when I used to do hospital work, I would pull into the doctors' parking lot in my Camry and mine would be the lowest end car in the lot, surrounded by Lexus, Mercedes, Infiniti, BMW, etc.

    A national physician's financial magazine actually did a feature story on my family and I back then focusing on our frugal ways and how I was aggressively paying off my student loans while simultaneously saving a then-substantial amount. Clearly, they thought my story was atypical enough to warrant that article.

    As a family doctor, I've always been on the lowest end of the doctor pay scale so in absolute dollars, I'm sure I don't have nearly as much as many others, but in terms of percentage saved relative to income, I suspect I'd rank fairly high.

  8. PatientSaver Says:

    Thanks, Steve. That's interesting. So the average 50-something doc, although he/she may drive a fancy car and live in a big house, etc. etc., most likely has less than a million in savings? This boggles my mind that I, a woman of modest means and frequent periods of unemployment, could have more saved than many doctors!

  9. disneysteve Says:

    " So the average 50-something doc, although he/she may drive a fancy car and live in a big house, etc. etc., most likely has less than a million in savings?"

    I don't know if that's an accurate statement. I think looking at the dollar amount is deceiving. Let's say I earn 150K but have about $1 million saved but the orthopedic surgeon down the street earns 450K and has $1.75 million saved. Who is in better shape? He's got more money but relative to our incomes, I've done a better job socking money away for the future. Plus, if he also has a huge mortgage and a huge car payment or two, that makes his situation even worse.

  10. Myfinancekits Says:

    That is actually remarkable. I believe you are talking about US Dollars. With that amount, retirement will be cool.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]