I heard people try to take advantage of you when you become rich...

[curiousg]

Originally Posted by Dub D

Your friends becoming surgeons sure are thinking long time. Considering how much medical school cost, they will not make profit on their education until their early 30's ...

You mean late 30s.

Assuming that you go into medical school right after college (about half don't)

age 21-22: graduate college, have X college debt

age 25-26: graduate medical school, have XXX medical school debt

age 30-31: complete 5yr minimum general surgery residency during which you work on average 80-100hrs wk for 40-50K, decide to forgo further training, now starting out in a career whose annual salary is probably still less than the (X college debt + XXX medical school debt + Y 5yrs of interest accumulated during deferrment/forbearance for residency).

I'm not sure there is PROFIT to be seen in the early-mid (even late) thirties even if said surgeon was the most frugal.

[AnesthesiaMD]

Originally Posted by curiousg

You mean late 30s.

Assuming that you go into medical school right after college (about half don't)

age 21-22: graduate college, have X college debt

age 25-26: graduate medical school, have XXX medical school debt

age 30-31: complete 5yr minimum general surgery residency during which you work on average 80-100hrs wk for 40-50K, decide to forgo further training, now starting out in a career whose annual salary is probably still less than the (X college debt + XXX medical school debt + Y 5yrs of interest accumulated during deferrment/forbearance for residency).

I'm not sure there is PROFIT to be seen in the early-mid (even late) thirties even if said surgeon was the most frugal.

Well, there is some truth to this, but it doesn't exactly work this way. I am 41 and still paying off my student loans, but they are my LAST priority as the interest rate is half that of my mortgages. So to say that there is no "profit" would be incorrect. I just earn $500.00 a month less than I would until the student loans are paid off. Luckily, it is not THAT big of a hit, but then I earn quite a bit more than a general surgeon, so it is an unfair comparison. The point is, the profit is still there, but I still have debt to be paid. But then, we still dont know what kind of a hit doctors will take when Obamacare comes into effect.

[karen85]

From a perspective of a woman,which indeed I am,Since I just graduated from college and Im living in a sedentary life as SEO I must admit that I value money more,but then again you can seek knowledge where ever you go,knowledge doesn't only comes from work per say,As long as you keep your life updated it can also mean knowledge..I try to improve my life my seeking it in my everyday living...I want to see myself improving and by doing so I gain knowledge.