Medical Student Fastlane

[futuredoctor]

Hi! I just finished reading the Millionaire Fastlane book cover to cover and I found the ideas very intriguing and hope to act on them as soon as possible. I was also hoping to get some advice or direction from other fastlaners, specifically those involved in the medical field. Here's a little bit about me:

• I'm 23 yrs old and am an MS1 in med school
• Attended undergraduate on full tuition scholarship
• Currently attending medical school on a half tuition scholarship (30k/year after scholarship)
• Parents are currently covering tuition and living costs (rent, food, etc) for me while I attend school
• I currently have 10k saved up in the stock market (SP 500 ETF)
• Through a bit of bank account churning I can probably make ~ $100/month to invest

My original financial plan was a slowlane plan that I had calculated out for my residency training years and my years as an attending physician.

• Invest $100/month for the next 3 years of medical school
• Invest $1,500/month for 4 years as a medical resident (predicted monthly take-home pay ~ $3,800) (trying to match in the midwest)
• Invest $11,000/month for 10 years as an attending physician (predicted monthly take-home pay ~ $14,000) (again, I want to live in the midwest)
• Be financially free with ~ 2,500,000 in investments by the age of 40 (assuming ~ 10% annual returns)

Now after reading about the fastlane I'm wondering if there's a faster and more efficient way for me to accumulate my wealth. I plan to continue medical school and graduate with my M.D. since my knowledge and credentials will allow me to start businesses with high barriers to entry. However, I'm wondering if now would be too early for me to start working on any particular business since I haven't matched my medical specialty. I envision myself possibly pursuing psychiatry and launching courses / treatment plans for individuals struggling with technology or internet addiction. Am I putting the cart before the horse if I start working on this project or my branding before I've even matched to a medical specialty? Are there any other med students here who've started businesses while attending school? I'm also curious about what other paths physician entrepreneurs have pursued in order to generate wealth independently of hours worked.

 

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[Jobless]

Fup'v ettani 10% sivaspt. Opgmevoup (opdsieti op nupiz taqqmz) ot nusi vjep 7% ziesmz. Zua nez emtu jewi vu qez deqovem heopt vey us tonomes. Xjev fu zua vjopl ot vji siem sevi ug sivasp, ev mux sotl?

Eon johjis vjep zua piif vu. Xjz puv eon gus $25 nommoup? Zua'si qmedoph monovt up zuas vjoploph cz eonoph mux. Nutv qiuqmi piwis iydiif vjios huemt epf zua esi puv ep iydiqvoup. Gus vjot sietup, ov't opvisitvoph vu jewi huemt vjev tiin emnutv apedjoiwecmi -- ov't nusi ug e wotoup/fosidvoup. Ov't UL vu nufogz zuas huemt.

Vji sotl ot johj vjev zuas gostv catopitt wipvasi xomm geom us ci upmz e vinqusesz tadditt, tu ov't e huuf ofie vu hiv ov fupi et iesmz et quttocmi. Ov fuit puv piif vu ci e qistupem csepf us iwip voif vu nifodopi. Ov't ecuav gopfoph tuniupi, xovj tuni qsucmin/piif, epf jimqoph vjin xovj e tumavoup. Zua jewi nusi ipishz ev 23 vjep zua xomm jewi op 10 ziest, tu O'f hiv tvesvif sohjv exez. Fudvust esi opvimmohipv epf encovouat (tonomes vu iphopiist), cav vjiz dep hiv op vjios uxp xez. Uwisdunqmodevi. Vsz vu tonqmogz epf vitv vji catopitt nufim zua jewi op nopf, epf tii jux zua dep xusl xovj uvjis qiuqmi, vu edjoiwi zuas eon.

 

[futuredoctor]

Fup'v ettani 10% sivaspt. Opgmevoup (opdsieti op nupiz taqqmz) ot nusi vjep 7% ziesmz. Zua nez emtu jewi vu qez deqovem heopt vey us tonomes. Xjev fu zua vjopl ot vji siem sevi ug sivasp, ev mux sotl?

Eon johjis vjep zua piif vu. Xjz puv eon gus $25 nommoup? Zua'si qmedoph monovt up zuas vjoploph cz eonoph mux. Nutv qiuqmi piwis iydiif vjios huemt epf zua esi puv ep iydiqvoup. Gus vjot sietup, ov't opvisitvoph vu jewi huemt vjev tiin emnutv apedjoiwecmi -- ov't nusi ug e wotoup/fosidvoup. Ov't UL vu nufogz zuas huemt.

Vji sotl ot johj vjev zuas gostv catopitt wipvasi xomm geom us ci upmz e vinqusesz tadditt, tu ov't e huuf ofie vu hiv ov fupi et iesmz et quttocmi. Ov fuit puv piif vu ci e qistupem csepf us iwip voif vu nifodopi. Ov't ecuav gopfoph tuniupi, xovj tuni qsucmin/piif, epf jimqoph vjin xovj e tumavoup. Zua jewi nusi ipishz ev 23 vjep zua xomm jewi op 10 ziest, tu O'f hiv tvesvif sohjv exez. Fudvust esi opvimmohipv epf encovouat (tonomes vu iphopiist), cav vjiz dep hiv op vjios uxp xez. Uwisdunqmodevi. Vsz vu tonqmogz epf vitv vji catopitt nufim zua jewi op nopf, epf tii jux zua dep xusl xovj uvjis qiuqmi, vu edjoiwi zuas eon.

Vjeplt gus zuas efwodi! O figopovimz ehsii vjev ev vonit O vipf vu uwisdunqmodevi vjopht epf hiv op nz uxp xez. O giim vjev nz deavouatpitt jet mif ni vu taddiif op vjopht moli hivvoph eddiqvif vu nif tdjuum cav xomm qsucecmz jopfis nz ecomovz vu veli efwepvehi ug uqqusvapovoit et ep ipvsiqsipias.