@gracer Do you mind sharing which sector of the healthcare industry? I know specialist registrars are taking home around 70k per month, and you and your wife seem to be earning far more than that.
@abeaba General practice. Registrars don't get paid well, it's sort of a global trend from what I've read. But remember that they also get government pension with that R70k. I add pension to our income to simplify things
@abeaba Depends on if you specialize or not. You can nett R150k-250k per month with that. For us it depends on how hard one works in private or how long in public. A private GP can nett around R120k post all deductions, but they need to own the practice. In the state it's brackets that are more or less R65k - R100k post tax excluding pension.
My wife will be finished relatively soon , and I am interested to see how it is finding posts in public vs private upon graduation. Consultant posts seem hard to find.
@resjudicata Working in healthcare. Yes, but it's about the savings ratio, not the income. There's a very nice chart about savings ratios and est retirement ages based on that. I can highly recommend it, it's very interesting.
@vancouverguy We're definitely overexposed in property at the moment, but that's only because of the high interest rates. This also doubles as our emergency fund. Basically between 30-35% of our NW.
Local equity will only be in our retirement accounts due to legislation. This is probably around 30% of NW.
All the rest will be offshore accounts.
Always love your input. I'm actually curious to know yours as well?
@gracer I only have local property exposure in retail space through REITS, and a few shares in EE's property account for fun. No family yet so I'm renting - I and my partner may be working in Europe for a while so that was a good idea.
I have about 45% international equities exposure in broad ETFs, 15% local equity (for RA), 10% in HYSA and 30% in crypto (which I've hung onto for a while - not a current choice that it takes up so much of my portfolio). No debt or debt leverage
@gracer These are amazing numbers, man. I think posts like this are super helpful—ignore what the haters are saying.
I wanted to ask: you’ve mentioned that you and your partner work in healthcare and it’s good money whilst young because hours = money.
Roughly how many hours do you work per day (or per week on average)? Do you feel like you’re currently enjoying life and have time to do things you enjoy; or are you biting the bullet now to enjoy FIRE when a bit older?
@theneedy Hi. Thanks for the positive feedback. We do 60-70 hours per week on average. It's definitely not worth the money working a normal 40-hour work week as overtime is a big chunk of the salary. Add the stress of actually working with peoples lives and loved ones, then it can get tough. That said, it can often be rewarding.
You'll notice that healthcare providers tend to stick to their own circles. That's mainly because of the working hours eating a large chunk of your social life. Being a bit more introverted, I don't mind.
Enjoying life is about more than free time imo. It's about finding purpose and that we do on a regular basis either in work or outside. But we are pushing now in order to cut hours when we get kids. Definitely don't want to be absent parents because of working hours one day.
@gracer That’s very exciting.
Are you glad that you invested in property or do you find it a pain being a landlord? (Would you have rather invested that money in stocks/ETFs instead?)
@atchuth I think it helped us quite a bit initially, but I wouldn't expand our rental portfolio. If you're a handyman it's probably fun, but I just don't like the unexpected calls with minor issues(although they are rare). We had no problems with getting tenants due to high demand in CPT
@alfiano We have retirement products from work, then the bond and broad international ETFs - coreshares TWI, S&P. Will probably move to our coreshares to vanguard for tax purposes in the future.
