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Old 09-04-2021, 03:47 PM
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200K a year for 10 years if you put in SNP500 at average ROi of 13.60%, u can retire comfortably if u spend 50K a year. Unless u are a spendthrift.
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Originally Posted by Unregistered View Post
I had a very senior banker patient talk to me before. I said that medicine is slow and steady. Recession proof. He said that is not the point in life unless you want to work till you die and never retire. Bankers' goal is to earn as much as fast as possible and retire young and enjoy life. If you are smart, capable, resourceful, high achiever why would you choose to go into a field that pays you $20 per service regardless of result and time spent and try to achieve your financial goals? Another thing about medicine. because it takes so much effort to get into medical school and then so much time and effort to finish and get your degree and licence....and then it pays well enough but not that great it is the PERFECT PRISON. What you will be holding is this profession that pays $100-$200k a year. Pretty good. But not good enough you can work 10 years and retire. Gotta keep working. If you want to find something else to switch to you will have to take pay cut. Then you say aiyah I already spent so much time and effort. Just stay on. You are STUCK.
People always associate being a dr as the experience they have being with the doctor. Wah he so nice to me. Or wah so fast. They dont see the other side where the dr see patient after patient deal with difficult FON questions. Bend backwards. Try to ICE the way out of the consult. And then have to deal with the $5 payout claim patient insurance for all that work....Not worth it be GP.
Specialist you gotta train your butt off man. Calls and calls and calls. Exams. And then later fight for consultant post (meaningful ones). Then PTE sector is another wild west got to market. It is tough.
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