2017 Wrap-up

Nothing like getting a padparadscha sapphire ring in Kauai [/caption] 2017 was amazing year – personally and financially. In 2016, I ended with a negative net worth of -$92,000. Pretty typical for about a year after residency. “I” became “We” in 2017 – We got engaged and had a baby. We also signed wills, power of attorneys, and health care proxies. We ended 2017 with a positive net worth of > $500,000. This includes equity in a home. I still have those darn student loans – for now. Our savings rate towards FI in 2017: 27% of gross income in the form of maxing out our retirement accounts, additional cash savings, extra payments towards my student loans and we paid off our car loan. I did not include employer match and contributions. Not too shabby! What were my goals in 2016 and how did I do?

  • Cross over into positive net worth – check!
  • Knock out 50K of student loans (this is in addition to the min. payments) – close! I paid about $42,000 towards student loans in 2017.
  • Max out all available tax advantaged accounts ($47K, not including employer contributions) – check!
  • Start a taxable account – This didn’t happen. Although I did contribute about $8,000 as after-tax non-Roth contributions towards a Mega Backdoor Roth IRA – even better than a taxable account!
How did your net worth grow in 2017? Comment below!]]>

Posted in ,


  1. Harmony on January 16, 2018 at 1:51 pm

    Wow that’s amazing! Are you planning to document exactly how you increased your net worth by over $600K? This would be super inspirational for me as a soon-to-be-finished resident looking to eliminate debt and build net worth as soon as possible!

    • Miss Bonnie MD on January 16, 2018 at 4:59 pm

      Short answer – marry rich. I will be discussing it in a future post.

  2. Millionaire Doc on January 16, 2018 at 6:27 pm

    Congratulations on a very productive and fruitful year. Marry rich? Darn, too late for me.

    • Miss Bonnie MD on January 17, 2018 at 6:49 am

      Haha. Marry rich is the punchline. More like marry someone like-(financially) minded.

  3. Lauren on January 21, 2018 at 11:34 pm

    Congrats! I finally got to a positive net worth this year!

    • Miss Bonnie MD on January 22, 2018 at 3:30 pm

      Thank you! And congrats on the positive net worth!

  4. Johanna Fox Turner on January 22, 2018 at 11:38 am

    Love the montage. The picture with those sweet bright baby eyes looking out below the knit cap is my favorite. Right next to Mr. Bonnie MD cheesing in the photo booth. Asian babies have the prettiest eyes!

    • Miss Bonnie MD on January 22, 2018 at 3:30 pm

      Thanks! Ha, Mr Bonnie MD, I’ll let him know that’s his new name.

Recent Posts

Life is Changing…

After months of being busy, I was finally able to catch up with my friend and collaborator Carrie Reynolds on her podcast, Hippocratic Hustle! I got to share my upcoming life changes–moving, quitting my job, all that crazy stuff! As of now, I have about 1 more week of work, and then we pack up…

Gender Equity in Our Financial and Professional Lives

Wealthy Mom MD is all about empowering women physicians. In today’s society, women are entering the workplace more and more, building their own careers, and becoming the breadwinners of their households. But have we reached gender equity in our financial and professional lives? This is a big question, and one I had the privilege of…

What Business Entity Should I Use for My Business/Side Hustle?

Editor’s note: This is a guest post from a fellow business owner, Johanna Fox. Johanna is a CPA, CFP®, RLP® and senior partner at Fox and Company Wealth Management Services. Her woman-owned firm is fee-only and provides comprehensive portfolio and tax management services to physicians. Johanna is also a forum moderator and frequent contributor to…

Get our guide

Sign up to get the 4 Steps to Creating Wealth and start your journey to financial freedom today!