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Message
re: Why would anyone become a Doctor?
Posted on 9/29/21 at 9:43 am to White Bear
Posted on 9/29/21 at 9:43 am to White Bear
quote:
Because the barriers to entry (in LA) are extremely high. They're feathering their own nests.
Correct. Same with becoming an RE appraiser and a RE broker. Broker used to be 2 years active licensed agent but now it is 5 before you can test.
Still doesn't change the fact that the ROI of time and school for a surveryor is huge in comparison to many other options.
2
Posted on 9/29/21 at 9:43 am to CoyoteSong
quote:
There are so many high paying jobs out there that you can go to school for less years, accumulate less debt, work less hours, have a better quality of life, and retire early.
Really? I bet you can't name one. I promise there isn't another job out there that guarantees $300K to $1,000,000 in your mid-30's. You can pay off student loans in 3-4 years. You can work for 20 years and retire at 55 then continue to work a couple of days a week and still make 100k+ annually.
Every doctor I know is loaded; drive crazy nice vehicles, kids in private school, vacation all over the world. The few that I know that are on call and work more than 40 hours a week are probably making $500,000-$750,000 a year. Sounds pretty awful.
Posted on 9/29/21 at 9:44 am to stout
quote:
Still doesn't change the fact that the ROI of time and school for a surveryor is huge in comparison to many other options.
aren't you in construction?
Posted on 9/29/21 at 9:46 am to CocomoLSU
There are ways around it the cost. The military paid for a relative's medical training and he graduated with zero debt. He owed them a few years but it wasn't that much. And while he was in he didn't have to worry about malpractice insurance, paying a staff, etc. If the military isn't your thing You can also do something like agree to go to an underserved area for a few years.
Posted on 9/29/21 at 9:48 am to Buryl
quote:
that guarantees $300K to $1,000,000 in your mid-30's.
don't know about that, baw
Posted on 9/29/21 at 9:48 am to 777Tiger
quote:
aren't you in construction?
Yes I am a residential contractor
Posted on 9/29/21 at 9:48 am to stout
quote:I understand and agree. For comparison through, one can apprentice into a PLS with 12 yrs experience (corrected) in Mississippi. I think that used to be available in LA as well but now per the site PLS requires a 4-yr CE or similar and 4 years experience under a PLS.
Still doesn't change the fact that the ROI of time and school for a surveryor is huge in comparison to many other options.
This post was edited on 9/29/21 at 10:27 am
Posted on 9/29/21 at 9:48 am to 777Tiger
Yeah his undergrad is Chemical Engineering. Then 3 years med school at a Top 10 med school. Then a Master's Degree in Chemical Engineering. Then law school at a Top 10 law school.
He is billing a grand an hour. And has enough free time to make 6 figures tutoring.
He is billing a grand an hour. And has enough free time to make 6 figures tutoring.
Posted on 9/29/21 at 9:49 am to 777Tiger
Becoming a PCP seems to be a bad idea.
Posted on 9/29/21 at 9:49 am to Salmon
quote:Wasteful spending.
$100k pool
Posted on 9/29/21 at 9:49 am to CoyoteSong
quote:
You just wasted the absolute best years of your life studying and working your butt off.
I'm not a doctor, but I think this is overstated applied to most things.
Most doctors I know look back fairly fondly on medical school. Those of us who went to fairly high-rigor law schools/professional schools often do as well.
Being a professional student in a "real" field at a real school isn't a waste or even necessarily unenjoyable. It's hard work, but it makes the days/nights off that much more interesting. You develop close bonds with people, many of whom are smart and mature. You get to learn at a high level with similarly-motivated people when your idealism hasn't yet been sapped by the real world too much.
Honestly it's what college should be.
Posted on 9/29/21 at 9:50 am to CoyoteSong
quote:
Most doctors work in their 70’s and 80’s because they have to.
Some of this is lifestyle-related.
Doctors are notoriously careless with money. They come out of training not just poor but with a negative net worth. Their new income makes them feel immediately "rich", similar to pro sports players.
What do a lot of them immediately do? Buy a new car or two. Buy a large house. Go on expensive trips. Buy into a practice. Start banging their hot nurse and divorce their wife.
This post was edited on 9/29/21 at 9:51 am
Posted on 9/29/21 at 9:51 am to White Bear
quote:
I think that used to be available in LA
Yea it was. They added the CE degree at least a decade ago just in time for many of the older surveyors to retire and/or die and now there is sort of a shortage as a result that seems to only get worse every few years.
Posted on 9/29/21 at 9:51 am to CoyoteSong
quote:You have no earthly idea what you're talking about. Please don't go around convincing other people's kids not to become doctors.
I would rather retire at 50 or 55.
Most doctors work in their 70’s and 80’s because they have to.
Posted on 9/29/21 at 9:52 am to CoyoteSong
quote:
There are so many high paying jobs out there that you can go to school for less years, accumulate less debt, work less hours, have a better quality of life, and retire early.
My wife ain't gonna be a welder, baw!
Posted on 9/29/21 at 9:52 am to TigerstuckinMS
quote:.
I have an M.D. from Harvard, I am board certified in cardio-thoracic medicine and trauma surgery, I have been awarded citations from seven different medical boards in New England, and I am never, ever sick at sea. So I ask you; when someone goes into that chapel and they fall on their knees and they pray to God that their wife doesn't miscarry or that their daughter doesn't bleed to death or that their mother doesn't suffer acute neural trama from postoperative shock, who do you think they're praying to? Now, go ahead and read your Bible, Dennis, and you go to your church, and, with any luck, you might win the annual raffle, but if you're looking for God, he was in operating room number two on November 17, and he doesn't like to be second guessed. You ask me if I have a God complex. Let me tell you something.
I AM GOD.
Great movie…and obvious nice shiny hook…..
Posted on 9/29/21 at 9:54 am to stout
quote:
Yes I am a residential contractor
with your experience you more than likely could get a waiver or at least credit towards the "internship," knew a builder in Lafayette, Harry Hebert, that was pretty smart and when the oil bust of the early 80s hit and the local economy went to hell, he capitalized on the real estate market(pretty active with all of the foreclosures/sales,) he immediately became a real estate inspector and stayed booked up all the way until the economy came back and continued that practice, don't think he ever went back to building
Posted on 9/29/21 at 9:54 am to CoyoteSong
quote:
First, yes I am glad there are good doctors out there when needed.
Now that is out of the way why would anybody choose to be a doctor unless you just want to help people. 4 years of undergrad, 4 years of med school, 5 years of residency. Congratulations, now you are 32 years old and out of residency making your full salary. You just wasted the absolute best years of your life studying and working your butt off. You will never get these years back ever again. You now have 500k in student loan debt and you get to waste 30-90k every year on malpractice insurance. You continue to work long hours and even take call through all hours of the night and holidays. And you will not retire early but instead work well into your 70’s. Even the prestige is not even close to what it use to be. And the current patient population can pull out a smart phone and in seconds challenge your million dollar opinion. Doctors have a much higher divorce rate and are some of the most miserable people I have ever met.
There are so many high paying jobs out there that you can go to school for less years, accumulate less debt, work less hours, have a better quality of life, and retire early.
I look at it like this: I'm glad it's hard to be an MD. If that's the case as you state, you have to be pretty dedicated to the medical practice to have to go through with all that.
You know, some people like a challenge. Besides, I would imagine a vast majority of career paths have their level of bullshite to deal with.
Posted on 9/29/21 at 9:55 am to Norbert
quote:
Some of this is lifestyle-related.
A lot of it is. Doctor's wives are the worst. I have several doctors that are clients. They are in the same group. There is a Chinese doctor and an American doctor that started at the same time. The Chinese doctor is retired with several million in savings. The American doctor is borrowing from his 401(k) to add on to his house. The Chinese doctor had more money in accounts for his kids than the American doctor had for himself.
I have another doctor that is still working in his 80's because he has to. Meanwhile his wife gets her hair done every week and spends $1500/month on the getting her dogs groomed.
Posted on 9/29/21 at 9:56 am to Norbert
quote:
Doctors are notoriously careless with money. They come out of training not just poor but with a negative net worth.
Lawyers too, unless they come into it with a business background. They'll be involved in these complex business litigation cases and yet be completely dependent on an office manager for keeping their own firm functioning. Several years ago a big firm in Houston got taken down by a low level employee who embezzled millions. They didn't have even the most basic accounting controls.
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