Net Worth Update (September 2017)

Welcome to the September 2017 edition of the FPMD Net Worth Update - a quarterly post where I put my money where my mouth is and tell you all about how I manage my finances.  Over time, it has become the most popular series on FPMD.  I talk the talk, but do I walk the walk?  You be the judge.  Here is what I've been up to for the last 3 months.


  • Cash - I've been actively trying to decrease the amount of cash I hold. I've made some progress but still have a ways to go.
  • Emergency Fund - I maintain a $1,000 emergency fund and luckily, I haven't needed to use it so far.
  • Roth IRA - The gods of Wall Street continues to smile on America, there has been a continued upward trend in market value of my investments.
  • Roth 403(b) - Steady growth here as well. Unfortunately the rumors that my employer would start matching resident contributions turned out to be incorrect.
  • Pre-tax 457(b) - Dramatic uptick in value over the last 3 months primarily due to contributions. I have my contribution set to max out $18,000 for 2017. As to why I started a 457(b) plan, check out this post.
  • SEP IRA - I have not made any contributions to my SEP IRA since the last update since I do not know exactly how much business income I will generate this year. But I plan to contribute the max allowable. As to why I started an SEP IRA, check out this post
  • Health Savings Account (HSA) - I'm scheduled to max out the annual contribution limit of $3,400 from paycheck deductions.  While it's not a large amount, it's still a nice bonus since that money is entirely tax-invisible.  If you are curious why I switched from a traditional medical plan to an HSA, see my previous posts here and here for the benefits of an HSA.
  • Car - I have no idea why the KBB value of my car went up. But I'm perfectly ok with that development.



There was a 60.5% increase in my net worth over the last 3 months! Yep that took me by surprise. After checking and rechecking my numbers, it really boiled down to one major factor - I can claim more moonlighting hours now as a senior resident.

Net worth ZERO is within reach!

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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.