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Income to Debt...

Started by BMW19
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BMW19

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Any non-traditional applicants having trouble grasping the notion of going from a nice income to being in mountains of debt? Don't get me wrong I have recently decided that it was my passion to become a Doc (especially a D.O.), but I am going from making a nice salary to years of debt. It is like a punch in the stomach. Not whining just seeing other point of view.

BMW
 
I totally agree with you BMW. Look at it this way everything will pay off at the end. The bottom line is that you will be doing what you love best for the rest of your life. That's how I look at it and that keeps me smiling all the time. lol 😀 For the record I'm not a non-traditional applicant; however, we are all in the same boat.
 
I know how you feel. I am a non traditional student, 27 and have a masters and decided to go back. No, its not easy. I do live with my parents, but I am getting married in March and having one salary does not help out newly weds out at all. So, yes, its hard!

I decided to drop everything to do medicine and I am not even there yet, still have one more semester and two extra classes to take and the MCAT and who knows if I will even get accepted. For me, DO is my first choice, NYCOM, to be exact. I have an apartment close by and hopefully with a little prayer, I will be attending there come 2006, we shall see.

Choosing medicine is something not many people do for these reasons, long period of study and money. But, if you love this, then this is where you belong. Sooner or later you will have regreted you never tried to do medicine and you will be too old or just too in debt to want to pursue medicine.

I am at least 64K (not including my post bacc work at a private 4 year university and medical school) in the hole and I am on deferment, so the intersest is accruing as I speak, but I dont care.

This is all worth it to me. Yes, I cry sometimes, and I struggle with figuring out kinematics equations and memorizing cellular organisms, but in the end, I know why I am doing this. And I have to always remind myself of the goal ahead because going through more boring schooling (science pre reqs) for me stinks. I hate having to take physics, I hate it! But, I know it is a must.

Keep things in perspective and always think of your dream. In the long run, it will be worth it!
 
I can relate. I made slightly over 6 figs when I was 25 yrs old. (I must say, I've made slightly less than that ever since, but not by much) I'm 30 now, with a nice home, and pretty much do what I want.

I just listed my house for sale, and am going to be making some of the most "irrational" financial decisions in my life. But f... it. You have to love what you do. If I'm not making above average income, I'm seriously pissed off. It's kind of like that's all I get out of my career. But when I reflect back, I was just as happy (if not more) when I was living in a REALLY small dorm room in college.

Last night I was volunteering in a local hospital, in the ED. I stayed 4 hours over my schedule. I didn't want to leave. The environment is so stimulating.

In fact, I saw the EM docs (and nurses) save a guys life last night. This guy, with no previous heart problems, came in after having just fallen to the ground, and chest pains etc...

They ended up inserting a temporary pace maker into a vein in his chest (I'm pretty sure a vein, not artery). But is was a very precarious situation. Several times, this guy almost lost his life. He went into these spasms, while the doc was trying to get the pace maker electrodes positioned correctly (very crude procedure in which they are totally blind, with nothing other than an EKG monitor for feedback on correct/sufficient positioning).

So, I'm sitting there watching this stuff and a nurse says "you can go in there". There were 2-3 nurses (off and on), an EM doc, and he also called in a cardiologist just in case.

I'm in the room, when the first "spasm" took place, so I had to jump in there and help hold the guy down cause the Cardio was placing the electrodes (kind of feeding them in and out, to get the best positioning), and the guy started flailing his arms and legs.

Everyone had each hand tied up. The nurses, holding the legs, holding wrists for pulse reads, and everything. I had the guys hand which was closest to the Cardio, and REALLY close to the electrode insertion point on his chest, and was also holding his left leg down with the nurse.

The doc calls for some gauze, and this sticky thing to hold down the tube that was inserted into his chest. But nobody had a free hand. Since I was just helping the nurse with the leg deal, I freed up my left hand to grab the gauze package. But I couldn't open it with just one hand, and nobody was helping me (it was pretty intense at that moment).

So, I held it with my left hand and started to tear the package open with my teeth! I didn't see any other option! Well, the nurse next to me says "no, no", and I'm like "sh..t, yeah, sorry". So another nurse ended up grabbing it and tearing it open.

Anyway, I just couldn't believe I was there, actually playing a role.
The best part was that this guy was really close to dying and the docs and nurses totally saved his life. JUST prior to him taking an initial turn for the worse, his wife was actually standing right outside the room (with open double doors). Good thing she went to the lobby, so she didn't see anything.

Later, his daughter and wife came back to talk to the cardio doc. They had NO idea how close this guy was to dying just 15 minutes prior. (I asked the nurse how close, and she said "very").

It was an unbelievably cool feeling. The docs and nurses were so nice.

Since this is a pre-DO thread, I'll add that this was not an Osteopathic hospital. But, the attending was a DO. He also had 2 DO EM residents under him. This guy was really good at what he did (I was observing quite a bit, and was even in the small room where he was going over cases with the residents).

Also, earlier in the evening it was kind of slow in the ED. So, I strolled over to the CT scanning rooms, knocked on the door and introduced myself. The CT techs were like "sure come on in". So, I'm shooting the sh..t with these people, and they're telling me all this stuff about CT's, and what I was seeing on the computer monitor (again, so damn neat).

So, they ask me why I'm volunteering, and I tell them that I'll be applying to med school soon etc.. No joke, one women asked "would you consider being a DO"? I said, "in a minute", but told them I'll apply to all of my state schools, of which only 1 is DO. (Michigan)

Both women went on to talk VERY highly of DO's they knew. One had a DO doc, and the other I didn't really get to ask about.

Prior to last night, I had no idea whether the EM docs were MD or DO, or what. There's no color coded dress and it's tough to see their badges etc.

No one really seemed to know. I asked them if there were a lot of DO's at the hospital (again, it wasn't an Osteopathic hospital, so I assumed they'd of course be a minority). They didn't really know.

It was only later that I discovered that at least one of the 2 attendings in the ED was a DO, and 2 of the residents were (there were only 2 residents total).

Just thought I'd pass on some of the info. It was a great experience!
 
Excellent post cf, It reminds me again why I am going thru this grueling process.

BMW-




cfdavid said:
I can relate. I made slightly over 6 figs when I was 25 yrs old. (I must say, I've made slightly less than that ever since, but not by much) I'm 30 now, with a nice home, and pretty much do what I want.

I just listed my house for sale, and am going to be making some of the most "irrational" financial decisions in my life. But f... it. You have to love what you do. If I'm not making above average income, I'm seriously pissed off. It's kind of like that's all I get out of my career. But when I reflect back, I was just as happy (if not more) when I was living in a REALLY small dorm room in college.

Last night I was volunteering in a local hospital, in the ED. I stayed 4 hours over my schedule. I didn't want to leave. The environment is so stimulating.

In fact, I saw the EM docs (and nurses) save a guys life last night. This guy, with no previous heart problems, came in after having just fallen to the ground, and chest pains etc...

They ended up inserting a temporary pace maker into a vein in his chest (I'm pretty sure a vein, not artery). But is was a very precarious situation. Several times, this guy almost lost his life. He went into these spasms, while the doc was trying to get the pace maker electrodes positioned correctly (very crude procedure in which they are totally blind, with nothing other than an EKG monitor for feedback on correct/sufficient positioning).

So, I'm sitting there watching this stuff and a nurse says "you can go in there". There were 2-3 nurses (off and on), an EM doc, and he also called in a cardiologist just in case.

I'm in the room, when the first "spasm" took place, so I had to jump in there and help hold the guy down cause the Cardio was placing the electrodes (kind of feeding them in and out, to get the best positioning), and the guy started flailing his arms and legs.

Everyone had each hand tied up. The nurses, holding the legs, holding wrists for pulse reads, and everything. I had the guys hand which was closest to the Cardio, and REALLY close to the electrode insertion point on his chest, and was also holding his left leg down with the nurse.

The doc calls for some gauze, and this sticky thing to hold down the tube that was inserted into his chest. But nobody had a free hand. Since I was just helping the nurse with the leg deal, I freed up my left hand to grab the gauze package. But I couldn't open it with just one hand, and nobody was helping me (it was pretty intense at that moment).

So, I held it with my left hand and started to tear the package open with my teeth! I didn't see any other option! Well, the nurse next to me says "no, no", and I'm like "sh..t, yeah, sorry". So another nurse ended up grabbing it and tearing it open.

Anyway, I just couldn't believe I was there, actually playing a role.
The best part was that this guy was really close to dying and the docs and nurses totally saved his life. JUST prior to him taking an initial turn for the worse, his wife was actually standing right outside the room (with open double doors). Good thing she went to the lobby, so she didn't see anything.

Later, his daughter and wife came back to talk to the cardio doc. They had NO idea how close this guy was to dying just 15 minutes prior. (I asked the nurse how close, and she said "very").

It was an unbelievably cool feeling. The docs and nurses were so nice.

Since this is a pre-DO thread, I'll add that this was not an Osteopathic hospital. But, the attending was a DO. He also had 2 DO EM residents under him. This guy was really good at what he did (I was observing quite a bit, and was even in the small room where he was going over cases with the residents).

Also, earlier in the evening it was kind of slow in the ED. So, I strolled over to the CT scanning rooms, knocked on the door and introduced myself. The CT techs were like "sure come on in". So, I'm shooting the sh..t with these people, and they're telling me all this stuff about CT's, and what I was seeing on the computer monitor (again, so damn neat).

So, they ask me why I'm volunteering, and I tell them that I'll be applying to med school soon etc.. No joke, one women asked "would you consider being a DO"? I said, "in a minute", but told them I'll apply to all of my state schools, of which only 1 is DO. (Michigan)

Both women went on to talk VERY highly of DO's they knew. One had a DO doc, and the other I didn't really get to ask about.

Prior to last night, I had no idea whether the EM docs were MD or DO, or what. There's no color coded dress and it's tough to see their badges etc.

No one really seemed to know. I asked them if there were a lot of DO's at the hospital (again, it wasn't an Osteopathic hospital, so I assumed they'd of course be a minority). They didn't really know.

It was only later that I discovered that at least one of the 2 attendings in the ED was a DO, and 2 of the residents were (there were only 2 residents total).

Just thought I'd pass on some of the info. It was a great experience!
 
I feel your pain. I too am in a huge pile of debt from under grad and graduate loans. I am making a 6 figure salary at the age of 27 in an allied health field, but that burning desire to go to med school just won't go away. I am going to be in crazy debt when this journey is all said and done.
 
I'm scared as hell too. I went to a magnet boarding school for science and math on scholarship and to college on scholarships. Anything I've ever been to, Space camp (I'm a dork), Research internship at NYU, and all kinds of summer leadership camps in all different places were always paid for by academic/leadership scholarships. After I graduated I started making a decent salary, and now I'll be going to a school that will probably end up costing my husband and me 200K. And its a new school, which kind of scares me spending that kind of money on a new school. And I plan on entering FM, which NHSC said starting salary is between 70K and 130K, depending on where you live. It's all a little scary, but worth it? I'm sure.
 
giving up the money to move back in with the parents at age 26 not applying till 27 ... starting at 28. So YOUNG I think ... then I think that is best case scenario, if I don't get in on the first shot, its going to be a doozy. We are here for the ride though because we know this is what we want. The amount of money I will be giving up the next 10 years by leaving the business world will probably equivilate to well over $1milion gross ... hopefully my medical degree and MBA can help me make some of that back 😉
 
biosailgirl said:
I'm scared as hell too. I went to a magnet boarding school for science and math on scholarship and to college on scholarships. Anything I've ever been to, Space camp (I'm a dork), Research internship at NYU, and all kinds of summer leadership camps in all different places were always paid for by academic/leadership scholarships. After I graduated I started making a decent salary, and now I'll be going to a school that will probably end up costing my husband and me 200K. And its a new school, which kind of scares me spending that kind of money on a new school. And I plan on entering FM, which NHSC said starting salary is between 70K and 130K, depending on where you live. It's all a little scary, but worth it? I'm sure.

Damn! 70-130k for FM? I haven't seen that report :scared: According to all of the docs I've talked to FM pays 130-170k here in austin (TX) and we have a glut of docs and pay is 10-20%less than in dallas or houston. I know nurses that make more than 70k. 😛
 
JimmyMallo said:
Damn! 70-130k for FM? I haven't seen that report :scared: According to all of the docs I've talked to FM pays 130-170k here in austin (TX) and we have a glut of docs and pay is 10-20%less than in dallas or houston. I know nurses that make more than 70k. 😛
If you think about it 100k plus is really not that bad for a NHSC person. That is starting salary which means you won't be a partner yet, just an employee, usually don't make partner for 2-3 years. Also, as an NHSC dr you will be in an underserved area, where if you do rural medicine, everything is cheap. So if you think about it 100k in the country might be like making 250 in a big urban area where land and home prices are high. Just a thought