Doctors face many hurdles, including high student debt loads, late career starts, low starting salaries, and long workweeks. Physicians should consider ‘Financial Independence, Retire Early’ (FIRE) to achieve financial freedom. Achieving financial freedom requires a strategic plan, especially for doctors with significant student loan debt. Despite common misconceptions, doctors face financial challenges, with an average medical debt load of $216,659. Doctors have to complete a residency, with starting salaries averaging $63,000. Physicians face financial hurdles during residencies, balancing student debt and living expenses. Doctors have to save aggressively to achieve financial freedom and retire early. By maintaining a resident lifestyle, doctors can rapidly reach financial goals. Starting retirement investments early is crucial for doctors to avoid career burnout. Following key rules can help doctors reach financial freedom and retire early. Anyone can follow these tips to achieve early retirement. Run the numbers to determine how much to save for retirement. Start saving early and use tax-advantaged accounts to maximize savings.

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