Back in July, we met Ether to FI, an anesthesiologist, father, and husband just starting his career as an attending anesthesiologist.
Several months have passed, and the good Dr. E.T.F. has updated his net worth worksheet and written an excellent article detailing his compliance with the Ten Commandments of my business partner and mentor, Dr. Jim Dahle of The White Coat Investor.
As you may recall, E.T.F. has a goal to reach FI faster than I did (which was about 10 years into my career), and I’m rooting for him. He’ll benefit from a second household income and a wealth of online resources, most of which didn’t exist when I graduated from residency back in 2006. His goal number is $3.3 Million.
Enjoy the post, and be sure to stick around for the Net Worth Update below.
White Coat Investor, Did I Obey Thy Commandments?
One of my new colleagues asked me the other day, do you agree with the principles of the white coat investor? I answered with a resounding “YES”. That is like asking me if Jack Bogle is a saint, or if the stock series is helpful? YES and YES. Starting this new journey with residency in the rearview, it is time to take stock of the E.T.F. household. How well does our reality compare with our aspirational selves? Dr. Dahle’s Ten Commandments provides a good outline to gauge our success on the road to Financial Independence (FI).
Let’s see if the E.T.F. household is obeying the Ten Commandments.
1) Thou Shalt Realize Thou Hast A Second Job
In my first post, I already self-identified as a personal finance nerd. Evident by friends, family, and colleagues asking for advice. I am not a financial advisor, and I did not stay at a Holiday Inn last night. However, I love