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The Frugal Physician Turns One!

On July 13th, 2018, I published my first post on The Frugal Physician.  I can’t believe it has been a year of writing already!  

A year ago, I realized that implementing some drastic changes in our family’s financial decisions had produced immense results: We had paid off over $100,000 of student loan debt in 6 months. I was so excited to have found the key to getting out from under student loans and was eager to share it!

While the student loans were around, I felt tied to a job and out of control of my own destiny.  I felt that as long as I had a $2300 bill coming in every month from my student loans, there was really nothing else I could do .  I would have to continue to trudge away at my student loans for at least 10 years, while making little progress financially.  

But, that reality changed.  I was blowing through my student loans!  

When I started this blog, we had paid $100k in 6 months.  Before I knew it, we had paid $150k in 12 months, and now, a year later, my student loans are annihilated!

With the student loans gone, I feel a weight lifted off my shoulders.  There is still work to be done- we need to maximize our emergency fund, max out our retirement accounts for the year, etc.- but there is a lot more breathing room.  

More than just the financials, the process of annihilating debt has given me confidence- confidence that I can manage money, confidence that I can help others too, confidence that I’m not tied to medicine anymore but I’m doing it because I love it, and confidence that I can advocate for myself and my patients without the ball and chain of student loan payments. 

With all of these benefits, I’m more motivated than ever to keep this blog going and to help YOU get out of debt, too.

A Look Back

Over the last year, I have published 50 posts.  These posts have been read 60,896 times and have gotten 309 comments.  

My story has been featured in the White Coat Investor Financial Boot Camp book.  

To top it off, I have been invited to serve as a panelist at the White Coat Investor Conference in March, 2020!

 It has been an exciting, humbling, and fulfilling year. 

On social media, TFP has a presence on Instagram,  Facebook, Twitter, and Pinterest.  We have an active Facebook group for docs that like to save money called The Frugal Physicians.

What I have not been very good at is monetizing this blog.  It has made a total of around $800 this year. 

Initially, I signed up for Google Adsense (pays a nominal amount per page view) but I found the ads distracting and sometimes completely the opposite of what I would endorse.  So, I took that down. 

I have been careful about advertisers- I do not want to let just anyone advertise here. Currently, Set for Life is advertising with us- make sure you show them some love and check them out if you’re shopping for life insurance.  Other income  is derived from affiliate relationships with Amazon, and other individual brands.  

You can help us grow by subscribing to this blog, visiting our sponsors, and using our affiliate links.  


I started this blog to help people and your feedback is really what keeps me going.  Here are some awesome feedback the site has gotten:

“Before you, I viewed my med student debt as a hopeless mountain that would never budge…It hasn’t even been 6 months since we spoke and I’m already well on my way to getting rid of this debt I once viewed as a permanent set back. “

“There’s nothing like the real-life, authentic experiences of a Frugal Physician, which demonstrate that knocking debt down and doing so logically and quickly IS possible.” “Just wanted to let you know my wife and I really enjoy your site. Being frugal is a key reason we have found financial freedom. Keep up the great work!”

Looking Ahead

Over the next year,  I plan on focusing on frugality for the high income professional.  As high earners, we are blessed in that we do not need to deprive ourselves or live out of our car to make significant progress financially.

All we need to do is be a little frugal- a little wiser about our spending.  If we can do that, we can significantly increase our savings rate to find our way out of debt and keep building to financial success.  

So, thank you for being here, reading, and sharing this blog.  I look forward to another amazing year of learning and growing with you all!

Much love,

Dr. D

Standard Disclaimer: Not meant as individualized financial advice.  Photo by Deva Williamson on Unsplash


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