Why A Physician Woman Should Strive For Financial Independence

FIRE (financial independence, retire early) is not really a “goal” from many physicians. It’s not that they won’t want to. They assume they will work the usual 30+ year career which gives them plenty of time to save up for a nice nest egg. I think every physician (and non!) should strive for FI or pFI in a reasonable amount of time. Why? 1. Carve out the dream job How many physicians do you know are not happy with their current job but can’t walk away because, well, they need the money? Attaining pFI or FI gives you the ability to work on the terms that make you happy. It gives you the ability to walk away from a job that isn’t working for you. I don’t know about you, but I’d love to see less patients per hour and spend quality time with them instead of being rushed so that I meet “my numbers.” 2. Go part time! Many women physicians would love to work less and spend more time with their families. Or spend time on other priorities. Attaining pFI gives you that ability. This is definitely one of the main drivers for us. 3. Gives you flexibility when life throws you that curveball I hear a lot of “I love what I do and will work until I die” amongst physicians. Not so fast. Your goals and priorities will likely change as you get older. And sometimes, you don’t have a choice. A close family member needs extra care or passes. Your child has special needs or other needs that require your time and attention. Being FI gives you the freedom and ability to take the time you want to address whatever life may throw at you. 4. Freedom To me, FI means total freedom. We have become so used to debt that we are numb to it. We think of debt as “just another monthly payment.” What do you think? Comment below!  ]]>


  1. Hatton1 on September 11, 2017 at 3:47 pm

    Financial independence is a great feeling. Certainly a good goal. You can work half days or no days.

  2. Yas on September 12, 2017 at 7:17 pm

    Agree agree!! But it is tough to get to that point. I don’t really get that folks could have FI in their 40’s! Do you enjoy life being so frugal?

    • Miss Bonnie MD on September 12, 2017 at 10:47 pm

      Who says I’m “so frugal” ? 🙂

    • Miss Bonnie MD on September 12, 2017 at 10:48 pm

      If you finish residency at age 30, reaching FI or pFI in your mid 40s is attainable – if you want. Def not a goal for everyone! We will be there in 15 ish years though and by no means are we skimping on life.

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