Achieving Financial Independence with Physician On Fire

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Recognize there is this fairly unique aspect to medicine called geographic arbitrage where you tend to make more money in certain parts of the country that cost less to live… you could make 30-50% more money and then spend half as much, reaching financial independence twice as fast.

Hello Happy Doc Family! It’s time to bring the heat with Physician On Fire!

In the world of medicine, it is commonplace for students and doctors to carry hundreds of thousands of dollars of debt. With such loan burden, it is often uncomfortable to have the conversation about how to deal with finances.

Achieving financial independence feels like a dream for many, yet there is a physician who has achieved just that. Physician On Fire is an Anesthesiologist and blog writer on physicianonfire.com who has achieved financial independence.

As described on his website, “phyisicanonfire.com is a personal finance website created to inform and inspire both physicians and our patients with insightful writing from a physician who has attained financial independence and the ability to retire early. The site has a triple aim to leave visitors enlightened, educated, and entertained.”

In this episode we learn about:

1. A Fun fact about Physician on Fire’s early Wrestling Career

2. How POF “stumbled into financial independence”

3. The simple habits POF had that aided him in achieving financial independence

4. How you can be financially independent in 15 years

5. How achieving financial independence has impacted his personal life, ability to negotiate at work, and more

6. The concept of Geographical arbitrage and how it can significantly impact your trajectory towards financial freedom.

Help Physician On Fire’s Charitable Mission!

“I will be donating half of my profits generated by this site to a variety of charitable causes, often utilizing our Donor Advised Fund. I give from our Fund to various local and national charities.”

If you can help this site become profitable, it will benefit hungry people and pets, hospitals, schools, and other charitable organizations that are near and dear to my family and me.”

Links

Physician On Fire Charitable Mission

Physician On Fire Geographic Arbitrage

Physician On Fire Live On Half Challenge