If you save your money, and are able to invest and make money ON money... it is a great salary.
It's really not. Their salaries may have gone down but the price we pay certainly hasn't. There's a reason for that...and we just enacted legislation to make the same system that produces that result mandatory for pretty much everyone. And they aren't going to give the healthy people free anything, that's who are they counting on turning a profit from...that's going to be the first people they get money out of.
nah doctors are worthless. they should know better than to go through 10 years of education and expect to make a decent salary. after all, their position requires no skill whatsoever and its not like theyre helping anyone. being on call is just an excuse to take your money when you wake up in the middle of the night with hemerrhoids. doctors don't have to sleep, they're too wealthy to sleep. anyway, its not your fault that America's a lazy fatass who doesn't take care of itself, its the doctor's fault because he's ripping America off. thats why we have Malpractice...to rip those bas s back off and give it to people who really deserve it. corporate businessmen.
and yes 40,000 is awesome if you don't have kids or a wife. live in a shanty for 20 years, live off 20,000, and invest big in everything else you make. go for it. get rich or poor trying.
Best advice evar
Learn to live within your means is the key. , I know families who bring home 40K and are raising families and have homes. Thousands if not millions are doing it every single day.
It's all about expenses man. If you're spending less than you take in (and have an emergency savings), youll be fine.
what will your insurance costs be if you get this job?
Poor doctors. They won't make 220 grand a year and will have to settle for the poor house.
Lets all hope doctors kids are good at sports in the future because that is the only way they'll actually get out of the ghetto.
Doctors make lots of money off healthy people. I know that healthy people have to go to the doctor ALL the time and have to have all kinds of tests run because when you're healthy you have high medical bills.
Insurance companies make lots of money off healthy people, not doctors.
And who said anything about doctors making less money right now anyway? He said 20 years in the future if we had universal healthcare (which is really debateable but I digress)
Pretty neat how you think doctors make money off the healthy, though.
I might be missing your point here, but my insurance company provides preventive routine checkups at no cost to me.
Pretty sure the doctor is making a decent wage for seeing me for <10 minutes.
Gets it.
You're not the person the doctor makes the most money off of.
25 years old... pharm d.. 100+k...
kill yourself
that's what i'm thinking.. haha
got your point now.
Residents-- which last 3 to 7 years-- make that lower salary but they are still in training. Once they are out and board certified, they make plenty. A primary care physician who has the shortest residency (3 years) and makes the least is done when he is 29 and is making $150,000 per year.
Ever heard of malpractice insurance?
Love to know how you're planning on segwaying that quote into malpractice insurance.
I could deal with that if I didn't have to pay back my debt until after I got finished with the residency. At least I know when it would be time to pay all the stuff back I would be making well over a 100k.
Quick note about going to school for those kinds of degrees -- I went to a private school (Boston U) for undergrad and was on a half-tuition scholarship. I still came out with debt and pay close to $600 per month in student loans, and will until about 2017 unless I somehow pay it all off beforehand.
If you add med school on top of that (standard for med students is pre-med or chem/bio, whatever and then med school), you'd have at least double that amount in debt and monthly cash flow hit. So even though theyd make more, theyd also be taking a huge cash flow hit every month so theyd be living just as limited as we are. That is if they are living within their means, which from experience of having such friends, they dont and go out and buy $80,000 cars because they feel theyve earned it.
Regardless of whether theyve 'earned it' after studying for so long and so hard to get there, they still basically are in teh same financial situation in the beginning as the OP is probably; with about as much coming in as there is going out each month.
Like Obama sez: live within your means!
Then yes.
But i'm 19 and don't even have my GED
is 40k still good?
Damn cobra that was an intense chase scene with that GT
You can defer many of the student loans while you are a resident. You can also get some of them paid off for you if you then serve in an underserved area.
Some medical students incur more debt than they really need to because the money is so generously handed out. They assume they will one day make plenty to pay it back. Medical school in Texas for a Texas-resident is about $10,000 per year.
Someone making $15,000 per month can easily afford a $1500 per month student loan payment. That in no way compares to a guy making $3300 per month.
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