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Message
re: Salaries vs inflation
Posted on 6/1/25 at 6:00 pm to Solo Cam
Posted on 6/1/25 at 6:00 pm to Solo Cam
quote:
Should only the rich be able to become doctors?
There are other ways to get into medicine and not be up to your eyeballs in loans. I didn’t come from a rich family and have no loans after medical school because I decided to do the military route. No loans and got paid during medical school. Downside is comparatively low pay while active duty for high earning specialities. I happened to go into a high earning specialty so in retrospect I probably would have just done loans and paid them back quickly. But it is nice having no looming debt to pay off when finishing training. If you’re going into a low paying specialty like peds it’s even more attractive because your military pay won’t be too far off what your civilian counterparts will be making.
This post was edited on 6/1/25 at 6:04 pm
1
Posted on 6/1/25 at 6:01 pm to Mingo Was His NameO
quote:
Are you retarded?
quote:
by Mingo Was His NameO
Pretty much the only response I need to make to your post.
Posted on 6/1/25 at 6:03 pm to Scruffy
The same people begging for others to vote for Trump because the economy was untenable are now saying things are fine and young folk should quit their bitching
This post was edited on 6/1/25 at 6:04 pm
Posted on 6/1/25 at 6:09 pm to cubsfan5150
[quote]LINK ]
You laugh, but I’m willing to bet tigerinthebueche and me have more in common than he thinks. Would love to meet him on the water.
You laugh, but I’m willing to bet tigerinthebueche and me have more in common than he thinks. Would love to meet him on the water.
Posted on 6/1/25 at 6:11 pm to Dadren
quote:
Pretty much the only response I need to make to your post.
Pretty simple, do you think as standard of living rises, buying power should decrease? Just answer the question
Posted on 6/1/25 at 6:35 pm to Solo Cam
quote:
How much money do you make? If you had a daughter or a son could you afford to pay $50,000 a year to put them through medical school? Should only the rich be able to become doctors?
As an engineer, I do pretty well. I have three teenagers one of whom says he wants to go to med school. They have all been told they are paying their own way to college so they better earn scholarships. I can assure you I won't be paying for med school.
Anyone should become a Dr. if that's the profession they choose and they have the skillset to complete the required courses.
Should your friend at age 17 had financial literacy when he signed for the loans? Maybe, but I'm sure there was someone in his life that could have advised him. However, I can say without any doubt that he should have known what he was signing up for when he took the loans to go to med school.
He should also have enough financial literacy at his current age to consolidate his loans so he's no longer paying 19% interest. He should investigate whether or not he can join the Armed Services and have them pay off his loans.
He sure as hell shouldn't be crying woe is me to the rest of us about how unfair this world is and should know "Life ain't fair!"
This post was edited on 6/1/25 at 6:46 pm
Posted on 6/1/25 at 6:38 pm to armytiger96
quote:
As an engineer, I do pretty well. I have three teenagers one of whom says he wants to go to med school. They have all been told they are paying their own way to college so they better earn scholarships. I can assure you I won't be paying for med school.
Getting your kids through school debt free, which is impossible on their own, is the best way to assure they’ll be able to build wealth. I’ll be doing all I can to ensure that happens
Posted on 6/1/25 at 6:41 pm to armytiger96
quote:So if your some graduates in premed and doesn't get a scholarship what are you going to advise him to do?
They have all been told they are paying their own way to college so they better earn scholarships. I can assure you I won't be paying for med school.
What is he going to do with a pre-med biology degree if you're not going to help him pay for medical school?
quote:I'm not even sure what you're trying to say here?
Should your friend have at 17 financially literacy maybe
Posted on 6/1/25 at 6:41 pm to BabyTac
quote:
$1000/month
I was paying this in 1981 in Houma.
What planet are you on?
Posted on 6/1/25 at 6:41 pm to BabyTac
I agree with everything you said except for moving your assets to cash. That's probably the worst thing you can do since cash is rapidly losing its value. But everything else you said is spot on. I remember when I was fresh out of college my goal was to make six figures. I thought a hundred grand a year was the pinnacle of success. Now I make well over that and I'm barely scraping by.
On a related note, my uncle bought a boat about 10 years ago for roughly 40 grand. And then he sold it 5 years later for almost 50 grand.
On a related note, my uncle bought a boat about 10 years ago for roughly 40 grand. And then he sold it 5 years later for almost 50 grand.
Posted on 6/1/25 at 6:50 pm to BabyTac
quote:
Moving all my assets to cash.
When everyone is scared it’s time to be greedy.
Posted on 6/1/25 at 6:52 pm to Solo Cam
quote:
So if your some graduates in premed and doesn't get a scholarship what are you going to advise him to do? What is he going to do with a pre-med biology degree if you're not going to help him pay for medical school?
I'll advise them if that's what they want to do as career take the student loans but don't cry to others about your sacrifices that you chose. Otherwise he can make good money in medical device are pharmaceutical sales.
quote:
I'm not even sure what you're trying to say here?
Fat fingers hit submit while trying to edit. You can go back if you care.
Posted on 6/1/25 at 6:54 pm to armytiger96
quote:So you're advise is going to be - take out hundreds of thousands of dollars in student loans and just deal with it or be a pharmaceutical sales rep? Good luck with that vs all those Arizona State sorority girls.
I'll advise them if that's what they want to do as career take the student loans but don't cry to others about your sacrifices that you chose. Otherwise he can make good money in medical device are pharmaceutical sales.
Posted on 6/1/25 at 6:55 pm to BabyTac
I’m watching a man that never made more than 130k a year make over 175k and he’s retired (61 years old), fully. Never seen anything quite like it.
His projected income goes up every year until he dies. Steady investing, no debt, never gave a frick about the Jones’s. Owns three houses outright, a couple cars. All his kids went to college as well as their spouses. All the kids debt combined is very low and these folks all work professional jobs from finance to a pharmacy. Well built family. This is how it’s done. Recession proof.
No school debt for any kids.
All tops recipients.
His projected income goes up every year until he dies. Steady investing, no debt, never gave a frick about the Jones’s. Owns three houses outright, a couple cars. All his kids went to college as well as their spouses. All the kids debt combined is very low and these folks all work professional jobs from finance to a pharmacy. Well built family. This is how it’s done. Recession proof.
No school debt for any kids.
All tops recipients.
This post was edited on 6/1/25 at 7:01 pm
Posted on 6/1/25 at 6:57 pm to Mingo Was His NameO
quote:The dude is willing to let his son go into massive debt, he sure as hell doesn't care about anyone else's kids in the next generation.
Getting your kids through school debt free, which is impossible on their own, is the best way to assure they’ll be able to build wealth. I’ll be doing all I can to ensure that happens
I sincerely want the best for all kids in America and I want more doctors, more engineers and teachers snd I don't want to reduce the quality of them so they need the same level of education. But I guess the only way is you have to join the army to become a doctor or just accept that you're going to be forced into massive debt. No other options for our younger generation.
Posted on 6/1/25 at 7:02 pm to Solo Cam
quote:
The dude is willing to let his son go into massive debt, he sure as hell doesn't care about anyone else's kids in the next generation. I sincerely want the best for all kids in America and I want more doctors, more engineers and teachers snd I don't want to reduce the quality of them so they need the same level of education. But I guess the only way is you have to join the army to become a doctor or just accept that you're going to be forced into massive debt. No other options for our younger generation.
I found out later on in life my parents actually cared for us lol.
Didn’t realize most people’s parents cared more about their cars and shirts than their kids.
Posted on 6/1/25 at 7:16 pm to Dadren
quote:
Sure, but baw paw saying how hard he had it “in his day” is flawed in the same way that saying “I’m having to work harder today for a median lifestyle than baw paw did”….because today’s median is more.
You're completely wrong. Are you saying his medium wasn't more than the previous generations before him?
Having electricity, plumbing, refrigeration, air conditioning, and a telephone weren't "more" than the prior generations that didn't have those amenities? You don't think those were considered unnecessary high falutin extras that HIS paw-paw didn't need? "We didn't have an ice box. If you wanted to preserve your meat, you salted it " etc.
This post was edited on 6/1/25 at 7:19 pm
Posted on 6/1/25 at 7:17 pm to Smeg
quote:
Back in the day a man could raise his family, a wife and two kids, in a house, with a car, on his salary alone. That was without a college degree.
Two married college graduate professionals struggle to maintain that standard of living now.
Someone made the point that salaries in general have reduced in pay because way more workers i.e. women were incentivized to enter the workforce.
Also, there is just "more stuff." Better materials (not in all cases), more tech in vehicles, more regulatory costs built in (environmental and safety), etc. Not all is just inflation.
Posted on 6/1/25 at 7:20 pm to Barbellthor
quote:
Someone made the point that salaries in general have reduced in pay because way more workers i.e. women were incentivized to enter the workforce.
I think there's a lot of truth to that. Once women entered the workforce it shifted things, for the worse overall.
Posted on 6/1/25 at 7:55 pm to BabyTac
quote:
Moving all my assets to cash.
I’m no Warren Buffett or even Jimmy Buffett, but I’m not sure that strategy is compatible with the concerns you describe in the OP.
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