The FPMD 50% Pledge or "How I Gave Away $4,200"

Merry Christmas!  In this season of giving, I would be the first to admit that I don't give thanks enough.  As a typical medical trainee, I've been conditioned to expect excellence as normal.  And why should you be thanked for just doing your job (being normal)?  Wait til you hear my thoughts on tipping... But that can wait for another time.

THANK YOU!

When I first started Future Proof, MD (then White Coat Money) in January of 2015, I was looking for a place to run my mouth.  Luckily for me, enough of you cared to follow along my med-finance journey to make FPMD a small scale success.  Don't get me wrong, it's no White Coat Investor, but I appreciate your support of my own small corner on the internet.  While I did not plan on FPMD becoming a source of income, it has become one thanks to your support.  In May of 2016, Future Proof MD LLC became its own entity in the sunny state of Florida.  As FPMD becomes more than just a hobby, I want to give back.  Today, I'm announcing the Future Proof MD 50% pledge:

"I pledge to donate at least 50% of FPMD's net profits each year."

YEAR 2016:

2016 has seen many trials and tribulations, from natural disasters to possibly the most surprising election in US history.  But for me and FPMD, it's been a very successful year.  I have been tracking income and expenses since before the formation of the LLC and here is the breakdown for 2016:

  • Total Income: $11,222.03
    • Advertising/Sponsorships - $6,488.57
    • Affiliate fees - $585
    • Freelance writing fees - $4,148.46
  • Total Expenses: $2,822.79
    • Advertising - $599.28
    • Technology (web hosting, internet, computer equipment etc.) - $1,760.77
    • Miscellaneous (regulatory fees, PO Box etc.)  - $462.74
  • Net Profit:  $8,199.24

To 4 Good Causes:

I'm a fan of round numbers, so I chose to donate $4,200 this year.  Here is how I gave.

  • 90.7 WFME - Orlando ($1,200) - I'm a hardcore NPR junkie.  Many of my posts are inspired by stories I hear on 90.7 WFME.  I have supported my local NPR stations since I was a medical student so this donation was an easy one to make.  Here's to more great Planet Money episodes!  
  • Direct Relief Zika Virus Outbreak ($1,000) - My current home state of Florida was hit hard by the mosquito borne pathogen.  As a medical professional, it was easy to commit to supporting the fight against Zika.  Direct Relief received a perfect score by Charity Navigator and spends over 99% of all expenses on programs and services.
  • Dr. Rachel Brown Medical Student Scholarship ($1,000) - This one is a selfish pick.  Dr. Brown has been the Associate Dean for Student Programs at my alma mater University of MO - Columbia - School of Medicine since 2006.  Her recent dismissal caused quite a stir with students and alumni of MizzouMed.  While I debated whether I should donate to Mizzou given the circumstances surrounding her dismissal, I ultimately decided to contribute because her legacy is worth celebrating.
  • UNICEF USA Help Syrian Children ($1,000) - I believe one day we will remember Syria and Aleppo as we remember the Holocaust and Rwanda.  For now, I hope my $1,000 will go to pay for supplies that will reach those in need.  I chose UNICEF USA because they spend over 90% of total expenses on programs and services.

Thank you for reading.  Hope you have a very merry Christmas!


Future Proof, MD

Dr. Bo Liu is an aspiring radiologist-in-training and the founder and editor of the White Coat Money Blog.  He has an interest in interventional radiology and helping his medical colleagues get ahead in this mad world of medicine and money.  When he's not crushing the list at the PACS station or typing up your next favorite blog post, you can usually find him at the local badminton club, movie theater or the most recently opened restaurant.