is 40,000 per year salary good?

[MannyIsGod]

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.

Poor doctors.

[Spurminator]

Just so I'm clear, this would be your second job? Like, for extra spending money?

[Cant_Be_Faded]

40k at that age with no degree is pretty bad ass bank

if you have opportunities for advancement you are set for the intermediate future





Also there is some very funny irony in this thread. I'll leave it at that..

[spursfan09]

Is breathing air good?

24 years old
no airway obstructions.

[peteee]

40,000 per year a good salary?

it depends on where you live I think. 40,000 is definitely an astrological number for some rednecks doing menial works in some remote southern villages, meanwhile the New Yorkers would consider you penurious if you live in Manhattan living on 40,000 dollars every year.

[Jacob1983]

Take the job. Being 22 with no college degree making 40K a year is living pretty good.

[SnakeBoy]

Correct, during residency. As a function of $ per hour it ends up being about $12/hour or so due to the obscene amount of hours that residents are forced to work.

That sounds about right. When my wife was in residency she was getting 30k (14 years ago). The hourly breakdown will vary depending on the rotation. One rotation she worked so many hours that her hourly rate was around $5/hr but even on rotations with less grueling schedules it wasn't much per hour.

[Richard Cranium]

I live on less than that.

[Jimcs50]

Doctors make 40,000 per year for the first 5-7 years after medical school (well into their 30s), and that's with $100,000-$150,000 of debt on average.

On an hourly basis, they make about $12/hour during these 5-7 years.

Of course, in the past, after 5-7 years physician compensation shot up tremendously for specialties, with the average specialist making $220,000 per year, but they are in their late 30s by this time and have a negative net worth (i.e. medical school debt) to start with.

Most doctors are a far cry from being rich, the vast majority are middle class for most of their lives (MIDDLE middle class, not even upper middle class) and only live a more lavish lifestyle once they are well into their 50s or 60s, after years of a $200k+ salary, although this will slowly change as we move towards an era of public options 20+ years from now, at which point it will be more financially savvy to become a car mechanic than a doctor as far as money is concerned.

Doctors' compensation has gone down for the past 20 years every year due to inflation. It has gone down even more due to cuts in physician payment by the government (i.e. for medicaid). Congress just passed a 22% pay CUT to physicians for medicare/medicaid, and once the government has a stranglehold as the dominant seller of health insurance 20+ years from now, this trend will continue.

That's why you need to go to dental school.
I hired an associate right out of dental school in June and he is already making over 100 k a year.

[Richard Cranium]

That's why you need to go to dental school.
I hired an associate right out of dental school in June and he is already making over 100 k a year.

Not if you want to be a real doctor.

[Jimcs50]

Not if you want to be a real doctor.

yeah, but I can extract my own tooth on a bet in Las Vegas if I want to.

[The Reckoning]

dont denists have the hightest suicide rate among professionals?

[florige]

That's why you need to go to dental school.
I hired an associate right out of dental school in June and he is already making over 100 k a year.

Thats what I am thinking about doing.

[Richard Cranium]

yeah, but I can extract my own tooth on a bet in Las Vegas if I want to.

And I bet you've some good stories to tell.

[The Reckoning]

i always feel like my denist purposely leaves a cavity on my back molar to rot so by the time i get back to him the next year he can charge me major bones to pull it.

bunch of scammers...

then he tries to scare me during checkups by his assistant mumbling to him "thats the worst case of decalcification ive ever seen." and the denist says back "oh, ive seen worse."

like, really? is that necessary to try to scare me into forking up more dough for procedures?

[JoeChalupa]

I have two friends that are currently in Dental School and the cost is $240,000 dollars.

No wonder the tooth fairy only leaves change these days.

[word]

22 years old
no college degree

That's basically $19.21/hr working a 40 hour week, no overtime and two weeks unpaid vacation.

Not bad for a 22 year old with no degree, I would say. If you have to work a load of overtime to get it, then not so much.

[JoeChalupa]

I know a few 20 yr olds making over $20 an hour working for UPS with nothing more than a diploma. The average pay is actually around 60K I think I just read on yahoo that UPS is hiring and looking for drivers.