How big a salary will you be happy with?

[equinsu ocha]

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First of all, no one said they NEEDED a large salary to be happy. The question posited is at what $$$ amount would you be happy WITH YOUR SALARY. No one is saying you can't be happy w/o several hundred grand a year; I make -$50k/year and my life is pretty awesome.

And btw, just because your pauper lifestyle is adequate for you, doesn't mean it's adequate for everyone else.

Adequate for the short time being, but I'm not going to argue semantics on a forum. I was simply trying to discuss salary from a different perspective. However, I will concede this discussion because you are obviously more concerned with being "right". You win sir.

Bumbawayachoona

 

[Slack3r]

Adequate for the short time being, but I'm not going to argue semantics on a forum. I was simply trying to discuss salary from a different perspective. However, I will concede this discussion because you are obviously more concerned with being "right". You win sir.

Feels good to win. 👍

 

[theseeker4]

Just trying to inform those who have never had a job and had to support themselves financially. Something tells me you never have. We don't need more greed in this world, especially from our incredibly gifted physicians.

Something tells me you are wrong.... I have a 40+ hour a week job, a wife, a son, a mortgage, took the MCAT in the same semester that I completed P-Chem and Calc III while working full time, in the middle of which my wife went into the hospital twice for a total of ~2 weeks and our son was born at 32 weeks and spent 35 days in the NICU....all of which is a lot closer to the "real world" than being a GRA.....

 

[mjl1717]

Financially speaking using your job as your cash flow to get rich is bad. The idea would be to get paid for investments. Medicine will give you the capital to do this but you don't need much to get rolling. IMO be a doctor out of passion, invest to get rich. If you want to just get rich go major in finance or accounting. Everyone I know that has done that is making bank, esp when considering dollar spent on education to dollar earned.

I agree with you...

 

[equinsu ocha]

while 275k+ would be ideal, I could definitely be satisfied with less than this.

I think this is a reasonable expectation.

Something tells me you are wrong.... I have a 40+ hour a week job, a wife, a son, a mortgage, took the MCAT in the same semester that I completed P-Chem and Calc III while working full time, in the middle of which my wife went into the hospital twice for a total of ~2 weeks and our son was born at 32 weeks and spent 35 days in the NICU....all of which is a lot closer to the "real world" than being a GRA.....

I stand corrected. Good luck with your family and I hope you become a compassionate doctor. This world could use a few more.

Bumble-B-Tuna

 

[type b pharmD]

I realize this is the allo forum but Id like to throw in a slightly alternative perspective. My personal goal is around a 75k salary ( working 25-30 hrs/week as a pharmacist), even though I will have around $300k in loans, it will be very manageable to support a family on 75k with obama's modifications to the IBR loan forgiveness program. Loan payments may only end up being $600/month. Right now I feel like I am living the high life while supporting family, on $20K/year (loans + side business revenue). Granted, 75k wont buy you acres and acres , support a large retirement and pay for private school and college for your kids, but not everyone's goals are the same.

Also you CANT have this discussion without considering geographical preference and where a person was raised. A spacious home with land can be had for $175k in the midwest or rural areas, and those of us who were raised there probably wouldnt mind practicing there. California (or metro east coast) is a whole different story.

 

[SexualOffender]

lol at a bunch of self righteous med students judging me for my harmless lifestyle. you kids need to get some

 

[drfamilymed]

 

[drfamilymed]

 

[Kadava Reviva]

Agreed...but your first comment is partially true. Many oral surgeons are dual degree - meaning they get both their DDS and MD degrees during training. So I would think they would qualify in this discussion. Anyway, most only work 4 days a week, see about 30 - 40 patients per day in a regular practice, charge anywhere from 750 - 1500 for pulling ONE tooth, add on anesthesia time and tax, working 9 to 5 ....... you see where I'm going with this 😀 Best kept secret in healthcare HANDS DOWN

Most.

 

[CatFactorial]

In my wildest fantasy: Eighty thousand dollars.

Okay, just so I understand it. In your wildest fantasy, you are in hell and you are co-running a bed and breakfast with the devil.