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re: I need some saving/investment advice - kind of unique situation
Posted on 3/6/17 at 11:16 am to LSUFanHouston
Posted on 3/6/17 at 11:16 am to LSUFanHouston
quote:
This 240K is in addition to the salary you will be making? Or are they not paying you anything but loans? Or some mix?
It will be a mix. Basically, they guarantee that at the end of the month, after expenses, I make 20k. So as my patient base grows and revenue increases they'll be on the hook for less and less. At some point, they won't have to pay anything because I'll be making more than that (theoretically). So it's not like they'll give me a whole 480k over 2 years. If that makes sense.
It's in LA
2
Posted on 3/6/17 at 11:18 am to GEAUXT
The "loan" is forgiven over a couple of years after the guarantee period. It's usually like 4 years. So each year I'd have a 1/4 of the total I got from them as additional income.
Posted on 3/6/17 at 12:33 pm to GEAUXT
The investment answer is I probably would find some kind of a CD with a decent rate now AND a stepup feature. I could see interest rates going higher in the next 3-5 years... it's almost all but guaranteed. So you don't want to lock in an interest rate now.
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