Millennial Money: Resident Doctor Earning $60K a Year in Brooklyn New York

Anupam, a millennial, lives in Brooklyn New York and works as a resident pediatric physician at a local hospital and is paid $63,000 per year. He rents a fairly affordable apartment in the Bay Ridge neighborhood in Brooklyn.

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Anupam started his undergraduate studies at the University of Florida (UF), but transferred to the University of Georgia (UGA) to finish off his bachelors degree. Since he attended a private medical school in the Caribbean, he has a lot of student loan debt, however, he does not have to make payments on it yet due to his income bracket from last year. Despite this, he saves a significant amount of money and is prepared to start making payments on his debt next year.

How much does it actually cost to live in Manhattan? My take: https://youtu.be/bjAJsQBwb4k

What $1,700 can get you in Lower Manhattan: https://youtu.be/0bACXOOFqU4

Anupam saves money by not eating out too often and cooking at home as much as possible.

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Anupam is working on building up his emergency fund, but still manages to save some money to travel a few times a year, thanks to his use of credit card reward points. Soon, he will begin investing in a 401k and other retirement plans. Eventually, he will buy a car and leave NYC for greener, more suburban pastures.

He is hoping to pursue a fellowship after his residency and then open a private practice and continue traveling the world doing medical mission trips.

Anupam values a stress-free life, and strives toward financial minimalism which should help him achieve his dream of early retirement and financial independence.

I hope you found this video informative in regards to the cost of living in Brooklyn, New York City.

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-Disclaimer: I am not a financial, investing, tax or legal advisor. The information presented is for entertainment and should not be taken as financial, investment, tax or legal advice. I invest based on my own research and principles. I am not responsible for any financial losses that may result from following my actions. Do your research and develop your own investing philosophy!

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Видео Millennial Money: Resident Doctor Earning $60K a Year in Brooklyn New York канала Ian Seabrook