Hey, what's up, guys!
My name is John, and I'm an emergency medicine PA.
In today's video, I'm sharing how much money
I made in 2022 and how much my net worth increased by.
I'm also going to talk about my plans for 2023.
The point of this video is to be fully transparent with you guys I
would like to stress that the average PA is probably not making as much money as I am
Because the average PA is probably a lazy sack of...
I made $152,040 from my main job as a PA, which began in mid-January.
That figure includes a $5,000 401K match and a $13,000 yearly bonus.
So my estimated hourly rate, when you divide up how much money I made by how many hours I worked
was nearly $84 an hour for 2022.
I also started working a per diem gig in the emergency department so
these numbers are only for November and December.
In those two months, I managed to make $18,208.30 from my locums job
so that means for my PA Career alone I made
$170,248.30
and this is a gross number this is before the thousands of dollars of taxes that I paid
my plan for this year
my plan for 2023
is to increase the amount of money that I'm earning for my locums job
You know by doing one, two, three shifts a month
at every at a very good high hourly rate
You guys could go check out my video or how much money I'm making for my locums job
and then use the extra time to work on my other endeavors like my YouTube channel.
My next most prominent source of income this year comes from my Airbnb.
As you guys may or may not know, I started an Airbnb in my home that I just purchased.
I'm trying to house-hack my living expenses.
I share a lot of videos on my Airbnb, so go check my channel out for those.
So for May 2022 guys, not even a full year of rentals,
I made $13,524.
I also earned $6839.23 from my various online businesses,
and lastly the YouTube channel...
this channel made $1995.46
it's like barely breaking even from the amount of money that
I've actually invested into this YouTube channel
and the time
so if you guys enjoy this sort of content
Please Subscribe it doesn't cost you a thing!
also hit that "like" button down below and leave a comment down below
helps the channel out so much
Thank you.
So for 2022 that comes out to a grand total of $192,606.99
[Music]
That income...
fun fact
that income places me in the top two percent people my age
Two percent.
I earned more than 98% of people my age guys when you consider a single income
so a few caveats from that number
this is one income.
I do not have any kids.
I live in a medium cost of living area.
You know, it's not like New York City or DC but it's also not very cheap to live where I live.
Where I live is actually one of the wealthiest places in Pennsylvania.
So cost of living... sure.
This figure also neglects the tens of thousands of dollars that I paid in taxes to the IRS Mafia
to Daddy Uncle Sam
So uh yeah.
As much as I'd love to touch all of that money a lot of it gets taken out in terms of taxes.
I have nothing to gain uh from showing you guys these numbers
YouTube already pays me for crap.
I'm just putting it all out there because if I can Inspire one person to at least
think about how much money they're making to at least reconsider their financial position
to at least think about tracking their net worth...
I feel like it is a net positive.
This video is also for all of you guys who are in school or you are contemplating going to PA School
you are hitting the books right now
you are staring at a computer screen all day every day studying eight plus hours a day
I just want you guys to know that there is a light at the
end of the tunnel and that all of your hard work does have a reward
if you consider Financial Freedom as a rewarding thing to try and strive for...
My goal for 2023 would be to exceed the $200,000 a year mark
Gain more real estate to work continue working on
my Airbnb and all my businesses that is just overall the goal
you take it one year at a time and then ten years from now you look
back and you kind of see how much you've gained
so for the second part of this video guys my net worth.
I track my net worth using a Google spreadsheet.
Your net worth is essentially the summation of all of your assets subtracted by any debt and
tracking your net worth is very important only because I'm sure you're out there
every month paying down debts and I'm also sure you're out there saving and investing
You know one easy way to track your progress is by looking at your net worth
and I would heavily suggest you guys track your net worth somehow whether
you use a third party platform or you use your own spreadsheet.
For 2021 my net worth increased by $57,315 and in 2022 so last year
my net worth increased by a $106,000 guys
and that is even with the stock market portfolios being down 19 or 20 percent
so that is an insane consideration.
I am stoked to continue paying down my debts
to continue saving for another rental property and other Airbnb
and also stoked to max out my 401k for 2023 and to jack up that net worth even more
if you are at the start of your journey like I am then you are slogging away
we are in the trenches right now you need time for your net worth to gain momentum.
You need time for Investments to compound and so at the beginning it is a slog but every dollar
that you save now every dollar that you put away now will earn you a lot more money in the future
so that is the goal if you guys are a PA or an MP earning two hundred
thousand dollars a year or more please feel free to email me at
John@JohnThePA.com I'm looking to interview people whether it is just a phone interview
a video interview you answering some questions and I share with my audience
I want people to see what are PAs out there doing to earn a lot of money guys.
I do a ton of videos on wealth and finance related topics so if you're interested of that
sort of content please check out my other videos I have a lot of cool stuff on my channel already
if you enjoy this sort of stuff please consider subscribing to my channel, subscribers don't
earn me money but it just tells me that you are interested in seeing more of my content.
If you guys enjoyed this video hit that like button down below if you
want to share what your plans are for 2023 guys
I do read each and every single comment so I really do appreciate your comments.
And guys as always stay safe out there
Have a great rest of your day.
Bye Bye.