How To Earn $250,000 Per Year And Be Broke | Episode 311

In response to a SubscribeStar's request, learn how understanding personal finance is critical to achieving financial stability, progress, and then freedom. We explore how a doctor earning $250,000 per year can be functionally broke the way the majority of Americans are - working paycheck to paycheck, no savings, heavily in debt.

Links to websites referenced in video:
Average NYC Starting Doctor Salary - https://www.salary.com/research/salary/posting/entry-level-doctor-salary/new-york-ny

Medical School Debt $250,000 - https://www.usnews.com/education/best-graduate-schools/the-short-list-grad-school/articles/10-medical-schools-where-students-leave-with-the-most-debt

Maximum 401K Contribution - https://www.fidelity.com/learning-center/smart-money/401k-contribution-limits

New York State & Federal Taxes - https://smartasset.com/taxes/new-york-paycheck-calculator#OFXekRTn9y

Medical School and Undergrad Student Loan Payoff Calculator - https://www.calculator.net/loan-calculator.html?cloanamount=250000&cloanterm=10&cloantermmonth=0&cinterestrate=6&ccompound=monthly&cpayback=month&x=82&y=19#amortized-result

Average Rent In Brooklyn - https://www.rent.com/new-york/brooklyn-apartments/rent-trends

Average Monthly Car Payment - https://www.bankrate.com/loans/auto-loans/average-monthly-car-payment/#payments

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