Inflation, Interest Rates and the Economy for 2025

[Splenda88]

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I still do.
Apple goes through this every 5-10 years.
Past performance doesn't guarantee future performance.
I am still overweight in apple.
I hope they catch up with AI. History of iphones is repeating itself. They are always last at adopting significant improvements in that space.

So you believe APPL can get to 10T+ market cap.

 

[anonperson]

I don't think one needs to have a frugal ish type of retirement with 2.5M and a paid off home. Home and car are usually the biggest expenses we have. 100k/yr (based on the 4% WR) will take you far (even 2 European vacations per year) if you don't have a mortgage and a car payment.

I don't plan to pay for my kids wedding (no freaking way Jose). As far as paying for college, I am only contributing 150k x2 for their college degree. I would encourage them to go to a CC or state university likely I did. My best friend and I did that and we both are doing ok as internist and rad oncologist.

You going to help them with potential housing costs (down payment) etc?

 

[sevoflurane]

What do you think about JEPQ?

Had to look it up.
I’d have to dive into it and it’s expense ratio.
I bought NZF at near all time lows and am just riding it. It is an arm of my fixed income.
Also taxed advantaged.

 

[sevoflurane]

So you believe APPL can get to 10T+ market cap.

IDK anymore than the next guy tbh.
They are in a hard spot right now, but they have been through this before.
If china/us tariffs settle out I think they’ll have a nice bounce back.

 

[sevoflurane]

The elephant in the room, as i see it, is the uncertainty of this administration.
Markets like stability. We have been on a constant roller coaster.
Been moving more towards fixed income as I am likely done working in less than 5 years.

 

[Splenda88]

You going to help them with potential housing costs (down payment) etc?

Only if I have the money.

Let say I retire in 2035 and my net worth is 3.5M. If one of my daughters is getting married, she won't get a penny from me. If my networth is 5M, I might help.

 

[finalpsychyear]

So you believe APPL can get to 10T+ market cap.

Apple is survivng because of its massive buybacks. The iphone is about 50% of its revenue. How much longer is everyone going to keep upgrading other than q4 years. I like them them the least on the mag 7 going forward in terms of growth.

 

[Splenda88]

Apple is survivng because of its massive buybacks. The iphone is about 50% of its revenue. How much longer is everyone going to keep upgrading other than q4 years. I like them them the least on the mag 7 going forward in terms of growth.

I think Alphabet might be the least favorite given that lawsuit going on now.

 

[JoelJoel84]

Only if I have the money.

Let say I retire in 2035 and my net worth is 3.5M. If one of my daughters is getting married, she won't get a penny from me. If my networth is 5M, I might help.

You sound like a pretty selfish and sh*tty dad.

The only reason I work as much as I do is to provide for my family , to allow time off for me to be with them as much as possible, and to make sure my kids won’t have the same undue stresses I couldn’t avoid despite my parents supporting me as best they could on working class salaries.

That includes, but is not limited to, paying for undergraduate and graduate education (which I had to do myself), and help with housing / life expenses during those times.

I’d be a real dick to sit on my $3-5M, slowly rotting away alone on the beach with a melting drink in my hand while they can’t afford dinner out with their friends on a Friday night.

 

[Splenda88]

You sound like a pretty selfish and sh*tty dad.

The only reason I work as much as I do is to provide for my family , to allow time off for me to be with them as much as possible, and to make sure my kids won’t have the same undue stresses I couldn’t avoid despite my parents supporting me as best they could on working class salaries.

That includes, but is not limited to, paying for undergraduate and graduate education (which I had to do myself), and help with housing / life expenses during those times.

I’d be a real dick to sit on my $3-5M, slowly rotting away alone on the beach with a melting drink in my hand while they can’t afford dinner out with their friends on a Friday night.

That's hyperbole.

We are talking about putting down payment on a house and pay for their weddings etc... I am not going to sacrifice my retirement $$$ to do that.

My kids have to make their own way into this world. I am giving them a good education. We live in a good neighborhood. I support them every way possible.

I am not raising spoiled brats that have to rely on mommy/daddy financially after they finish college.

 

[aneftp]

That one hurts bro. 5-7m would have been your stock value today. Enuf to be PT on that alone. I have a 10 year min rule on everything i buy.

And that’s why my sister has 21 million net investments excluding her homes and I have 1/4 of that. My sister kept her Apple shares I told her to buy the same time as me. She’s got like 6 million in Apple stock alone now and hasn’t sold a single share. She still flies coach/economy class though. Even to asia/japan 1 week ago.

That’s just life.

The emotion that is involved in buying and selling individual stock is insane. I have ~500 shares of APPL that I should have sold last year. I don't know why I believe in APPL so much.

I think part of it was when Steve Jobs died in late 2011. I figured the company would lose its direction. And iPad launch in 2010 was meh. Lots of me overthinking the situation with Apple back than

Buying Individual stocks are just gambles I think options are a better play just to sell. But that’s risky as well

Lots of what ifs in life. I’m so knowledgeable in the tech world. I literally keep up with stuff like that over 30 plus years Some stocks I miss completely are like Netflix. I kept thinking blockbuster will crush Netflix but Netflix kept reinventing itself and blockbuster kept copying and it was too late.

 

[sevoflurane]

That's hyperbole.

We are talking about putting down payment on a house and pay for their weddings etc... I am not going to sacrifice my retirement $$$ to do that.

My kids have to make their own way into this world. I am giving them a good education. We live in a good neighborhood. I support them every way possible.

I am not raising spoiled brats that have to rely on mommy/daddy financially after they finish college.

There are some good lessons there.
I was mildly helped out during undergrad. Like very little. I still took out loans, kept up my grades to get scholarships and by the end of residency I had amassed 300k of debt which I paid off. I feel that managing expenses and debt was a benefit vs getting everything paid for. Of course, if I had kids, I would make sure to take over the steering wheel if they were headed into a ditch.

 

[Splenda88]

And that’s why my sister has 21 million net investments excluding her homes and I have 1/4 of that. My sister kept her Apple shares I told her to buy the same time as me. She’s got like 6 million in Apple stock alone now and hasn’t sold a single share. She still flies coach/economy class though. Even to asia/japan 1 week ago.

That’s just life.

I think part of it was when Steve Jobs died in late 2011. I figured the company would lose its direction. And iPad launch in 2010 was meh. Lots of me overthinking the situation with Apple back than

Buying Individual stocks are just gambles I think options are a better play just to sell. But that’s risky as well

Lots of what ifs in life. I’m so knowledgeable in the tech world. I literally keep up with stuff like that over 30 plus years Some stocks I miss completely are like Netflix. I kept thinking blockbuster will crush Netflix but Netflix kept reinventing itself and blockbuster kept copying and it was too late.

5M+ net worth is nothing to scoff at.

Your sister is an atypical individual. I don't see myself with > 3M in net worth and flying 8+ hrs coach.

 

[anonperson]

There are some good lessons there.
I was mildly helped out during undergrad. Like very little. I still took out loans, kept up my grades to get scholarships and by the end of residency I had amassed 300k of debt which I paid off. I feel that managing expenses and debt was a benefit vs getting everything paid for. Of course, if I had kids, I would make sure to take over the steering wheel if they were headed into a ditch.

Depends on the kids.

I had a academic scholarship for undergrad (state school) but parents paid for housing etc and they paid for medical school and helped with my down payment for my house.

Helped give me a huge leg up on savings/investing on a relatively average physician income. Will pay it forward to my kids as well.

I Live in a high cost of living area and want my kids to live close by so will be helping them out with housing for sure.

 

[Splenda88]

There are some good lessons there.
I was mildly helped out during undergrad. Like very little. I still took out loans, kept up my grades to get scholarships and by the end of residency I had amassed 300k of debt which I paid off. I feel that managing expenses and debt was a benefit vs getting everything paid for. Of course, if I had kids, I would make sure to take over the steering wheel if they were headed into a ditch.

That is our job as parents.

I don't think I am obligated to sacrifice my financial security during my retirement to buy a house or pay weddings for my kids. That is a different story if they have some type of disability.

 

[Splenda88]

Depends on the kids.

I had a academic scholarship for undergrad (state school) but parents paid for housing etc and they paid for medical school and helped with my down payment for my house.

Helped give me a huge leg up on savings/investing on a relatively average physician income. Will pay it forward to my kids as well.

I Live in a high cost of living area and want my kids to live close by so will be helping them out with housing for sure.

What if they don't want to.

 

[sevoflurane]

What if they don't want to.

My parents live in Los Altos, CA.
Pretty sure it’s one of the most expensive cities to live in, if not the most expensive city to live in by some metrics.
Hard pass for me, yet I can’t get them to move here. 😭

 

[Splenda88]

My parents live in Los Altos, CA.
Pretty sure it’s one of the most expensive cities to live in, if not the most expensive city to live in.
Hard pass for me, yet I can’t get them to move here. 😭

Beautiful place for the ultra rich.

https://www.realtor.com/realestateandhomes-detail/539-Los-Ninos-Way_Los-Altos_CA_94022_M17344-70217?from=srp-list-card

This is insane. That same house is worth 280-320k in a good school district where live now.

 

[anonperson]

What if they don't want to.

Always a possibility but generally most people from California like to stay in California

 

[Splenda88]

Always a possibility but generally most people from California like to stay in California

I dont blame them. Cant find that kind of weather anywhere else in the US.

 

[sevoflurane]

Beautiful place for the ultra rich.

https://www.realtor.com/realestateandhomes-detail/539-Los-Ninos-Way_Los-Altos_CA_94022_M17344-70217?from=srp-list-card

View attachment 404666

This is insane. That same house is worth 280-320k in a good school district where live now.

Big reason I would never live there.
Also, just not my vibe.
However, my parents are dialed in with the community. Pickle ball 3 hours a day, volunteering at the opera like most 70-80 y/o do, amazing food and weather, museums, SF, Napa, Santa Cruz, San jose and SF airports are amazing. Lots of ups, but not for me personally.

 

[PainInTheAnes]

That's hyperbole.

We are talking about putting down payment on a house and pay for their weddings etc... I am not going to sacrifice my retirement $$$ to do that.

My kids have to make their own way into this world. I am giving them a good education. We live in a good neighborhood. I support them every way possible.

I am not raising spoiled brats that have to rely on mommy/daddy financially after they finish college.

Depends on what it's worth to you to have them pursue life with financial burdens or not. The economy is pretty rigged against normal working families now.

What's your retirement number? There shouldn't really be much difference in years worked if you're trying to get to 3.5M vs 5M, and that's a fairly small nest egg for a full time anesthesiologist even with up to 3 children.

The retirement number should drive your generosity. No one would suggest dipping into your financial health to fund a wedding or a house, but if your 30 year old son busted his butt in engineering or teaching and now finds himself capping out at 100k in his career after 8 years in the business, he's gonna be hard pressed to ever buy a nice house for his 27 year old wife. People I know would probably delay children due to financial constraints, which may or may not benefit you if you want grand kids, and may or may not benefit them as continued fertility is not a guarantee when delaying starting a family.

Would you spend a down payment for your kid if it meant 5 more years of grandkids to watch grow up? I know I would do that 100/100 times.

Not here to espouse your personal values, as I don't know them, but for my values I would definitely buy a faster path to life milestones for my kids so they could have grandkids sooner, and I plan to do that to entice them to take life's jumps sooner. I know I wish I could do it all sooner, but med school ain't cheap, down payments ain't cheap, and some spouses won't do the family thing until you're both financially viable. Would've been nice to have some help from the Bank of Dadmerica in that respect.

 

[finalpsychyear]

That's hyperbole.

We are talking about putting down payment on a house and pay for their weddings etc... I am not going to sacrifice my retirement $$$ to do that.

My kids have to make their own way into this world. I am giving them a good education. We live in a good neighborhood. I support them every way possible.

I am not raising spoiled brats that have to rely on mommy/daddy financially after they finish college.

I think the opportinity of careers that have been succeasful like medicine and tech r going to radically change in the next 5-6 years meaning pursueing them will go somewhat like dentistry 500k-700k debt between undergrad and grad school and not a significant income to justify it they were saying 250k for general dentistry which is great if the debt wasnt insane.

If im the last generation who has the best ratio of debt to income then i need to milk it to some degree for my bloodlines future. This doesnt mean hand me outs but maybe schooling covered and if they r working hard i dont have any issue helping them with weddings or down payments but im not going to advertise that its a free ride for life but if circumstances r not favorable and robots and ai do what i think they will i will be ready.


Edit: i have a few family in ai/tech this is just the begiinning of things to come:

 

[Splenda88]

Depends on what it's worth to you to have them pursue life with financial burdens or not. The economy is pretty rigged against normal working families now.

What's your retirement number? There shouldn't really be much difference in years worked if you're trying to get to 3.5M vs 5M, and that's a fairly small nest egg for a full time anesthesiologist even with up to 3 children.

The retirement number should drive your generosity. No one would suggest dipping into your financial health to fund a wedding or a house, but if your 30 year old son busted his butt in engineering or teaching and now finds himself capping out at 100k in his career after 8 years in the business, he's gonna be hard pressed to ever buy a nice house for his 27 year old wife. People I know would probably delay children due to financial constraints, which may or may not benefit you if you want grand kids, and may or may not benefit them as continued fertility is not a guarantee when delaying starting a family.

Would you spend a down payment for your kid if it meant 5 more years of grandkids to watch grow up? I know I would do that 100/100 times.

Not here to espouse your personal values, as I don't know them, but for my values I would definitely buy a faster path to life milestones for my kids so they could have grandkids sooner, and I plan to do that to entice them to take life's jumps sooner. I know I wish I could do it all sooner, but med school ain't cheap, down payments ain't cheap, and some spouses won't do the family thing until you're both financially viable. Would've been nice to have some help from the Bank of Dadmerica in that respect.

My number to go PT is 2.5M with a paid off house. I probably will need 3.5M+ and no mortgage payment to call it a day.

I was a non trad student who started med school in my 30s and I am an internist with an income potential of only 400-500k realistically.

If I have extra $$$ during my retirement, of course I will help the kiddos with down payment on a house etc... I am in my mid 40s now with a life expectancy around 80. Therefore, I don't plan to work for money in my 60s.

I am not against helping my kids at all, but my financial security during retirement take precedent over helping them unless there is disability involved.

 

[Splenda88]

I think the opportinity of careers that have been succeasful like medicine and tech r going to radically change in the next 5-6 years meaning pursueing them will go somewhat like dentistry 500k-700k debt between undergrad and grad school and not a significant income to justify it they were saying 250k for general dentistry which is great if the debt wasnt insane.

If im the last generation who has the best ratio of debt to income then i need to milk it to some degree for my bloodlines future. This doesnt mean hand me outs but maybe schooling covered and if they r working hard i dont have any issue helping them with weddings or down payments but im not going to advertise that its a free ride for life but if circumstances r not favorable and robots and ai do what i think they will i will be ready.


Edit: i have a few family in ai/tech this is just the begiinning of things to come:

I feel like in 10 yrs AI will replace a bunch of work that people do.

Time to go all in on AI when it comes to investment.

 

[finalpsychyear]

My number to go PT is 2.5M with a paid off house. I probably will need 3.5M+ and no mortgage payment to call it a day.

I was a non trad student who started med school in my 30s and I am an internist with an income potential of only 400-500k realistically.

If I have extra $$$ during my retirement, of course I will help the kiddos with down payment on a house etc... I am in my mid 40s now with a life expectancy around 80 (since both of my parents died in their 70s). Therefore, I don't plan to work at all in my 60s.

I am not against helping my kids at all, but my financial security during retirement take precedent over helping them unless there is disability involved.

U make a great salary and live in a lcol and have a house with low apr. In 5 years or less u will hit the 2.5 and go pt and 5 years from then ur investments will double to 5m amd u will be mid 50s working 1 wk a monh to keep cognitive stimulation.

 

[Splenda88]

U make a great salary and live in a lcol and have a house with low apr. In 5 years or less u will hit the 2.5 and go pt and 5 years from then ur investments will double to 5m amd u will be mid 50s working 1 wk a monh to keep cognitive stimulation.

I am hoping that is the case by investing or putting away ~120k/yr.

 

[GravelRider]

Depends on what it's worth to you to have them pursue life with financial burdens or not. The economy is pretty rigged against normal working families now.

What's your retirement number? There shouldn't really be much difference in years worked if you're trying to get to 3.5M vs 5M, and that's a fairly small nest egg for a full time anesthesiologist even with up to 3 children.

The retirement number should drive your generosity. No one would suggest dipping into your financial health to fund a wedding or a house, but if your 30 year old son busted his butt in engineering or teaching and now finds himself capping out at 100k in his career after 8 years in the business, he's gonna be hard pressed to ever buy a nice house for his 27 year old wife. People I know would probably delay children due to financial constraints, which may or may not benefit you if you want grand kids, and may or may not benefit them as continued fertility is not a guarantee when delaying starting a family.

Would you spend a down payment for your kid if it meant 5 more years of grandkids to watch grow up? I know I would do that 100/100 times.

Not here to espouse your personal values, as I don't know them, but for my values I would definitely buy a faster path to life milestones for my kids so they could have grandkids sooner, and I plan to do that to entice them to take life's jumps sooner. I know I wish I could do it all sooner, but med school ain't cheap, down payments ain't cheap, and some spouses won't do the family thing until you're both financially viable. Would've been nice to have some help from the Bank of Dadmerica in that respect.

The problem is that you may help your kids jumpstart a life that allows them to feel financially secure enough to start a family at a younger age, but at the cost of working more. You may get to spend a few more years on earth with grandchildren in old age, but you’ll be sacrificing time in your healthier years inside a call room to be able to do that. Is that worth it? That’s a personal question. Now, if you say to me that maybe you sacrifice the midlife crisis Porsche and first class flights on every vacation to give your child a headstart, that’s a more interesting discussion.

I think the opportinity of careers that have been succeasful like medicine and tech r going to radically change in the next 5-6 years meaning pursueing them will go somewhat like dentistry 500k-700k debt between undergrad and grad school and not a significant income to justify it they were saying 250k for general dentistry which is great if the debt wasnt insane.

If im the last generation who has the best ratio of debt to income then i need to milk it to some degree for my bloodlines future. This doesnt mean hand me outs but maybe schooling covered and if they r working hard i dont have any issue helping them with weddings or down payments but im not going to advertise that its a free ride for life but if circumstances r not favorable and robots and ai do what i think they will i will be ready.


Edit: i have a few family in ai/tech this is just the begiinning of things to come:

If we are heading to a future where AI and robots have taken over most financially viable fields, worrying about funding an over-the-top wedding will be the least of our problems. We are looking at social upheaval unlike anything we have ever witnessed before.

 

[Splenda88]

The problem is that you may help your kids jumpstart a life that allows them to feel financially secure enough to start a family at a younger age, but at the cost of working more. You may get to spend a few more years on earth with grandchildren in old age, but you’ll be sacrificing time in your healthier years inside a call room to be able to do that. Is that worth it? That’s a personal question. Now, if you say to me that maybe you sacrifice the midlife crisis Porsche and first class flights on every vacation to give your child a headstart, that’s a more interesting discussion.

You put it in a better way than I could.

 

[finalpsychyear]

The problem is that you may help your kids jumpstart a life that allows them to feel financially secure enough to start a family at a younger age, but at the cost of working more. You may get to spend a few more years on earth with grandchildren in old age, but you’ll be sacrificing time in your healthier years inside a call room to be able to do that. Is that worth it? That’s a personal question. Now, if you say to me that maybe you sacrifice the midlife crisis Porsche and first class flights on every vacation to give your child a headstart, that’s a more interesting discussion.



If we are heading to a future where AI and robots have taken over most financially viable fields, worrying about funding an over-the-top wedding will be the least of our problems. We are looking at social upheaval unlike anything we have ever witnessed before.

This is why the next 5 years may be even more critiical to save and invest for everyone.

 

[pgg]

That's hyperbole.

We are talking about putting down payment on a house and pay for their weddings etc... I am not going to sacrifice my retirement $$$ to do that.

My kids have to make their own way into this world. I am giving them a good education. We live in a good neighborhood. I support them every way possible.

I am not raising spoiled brats that have to rely on mommy/daddy financially after they finish college.

I think it was Warren Buffet who said he'd give his kids enough so that they could do anything, but not so much they could do nothing.

I'm not a billionaire like him but for my frame of reference that meant paying for their undergrad and grad school costs so they could start life debt free.

A wedding is a stupid thing to blow 10s of thousands of dollars on. I wouldn't pay for that so my daughter could have a "special day" ... but that doesn't mean I wouldn't give the same sum to a kid for something else. House down payment, startup business expenses, etc.

Funding your kids' Roth IRAs is something to consider also. If they're going to get your money when you die anyway, might as well start the wealth transfer early in a way that maxes tax advantaged investing for them.

 

[PainInTheAnes]

My number to go PT is 2.5M with a paid off house. I probably will need 3.5M+ and no mortgage payment to call it a day.

I was a non trad student who started med school in my 30s and I am an internist with an income potential of only 400-500k realistically.

If I have extra $$$ during my retirement, of course I will help the kiddos with down payment on a house etc... I am in my mid 40s now with a life expectancy around 80. Therefore, I don't plan to work for money in my 60s.

I am not against helping my kids at all, but my financial security during retirement take precedent over helping them unless there is disability involved.

Ok that’s all fair, one’s personal situation dictates a lot and I’d be more on that line of thinking in your shoes. I also assumed you were anesthesia which now makes more sense

i think you will have extra money though if you stay part time at a decent clip, all depending on how hard you work up front of course. If you coastfire with 100k salary that goes really far.

 

[sevoflurane]

I think you will have extra money though if you stay part time at a decent clip, all depending on how hard you work up front of course.

Working hard upfront cannot be understated.
When I first came out I practiced in BFE with only one goal in mind- Make as much bank as possible and then move on to location and lifestyle. It wasn’t horrendous as I had just become a new attending. Forced me to go into real estate early mainly as an escape from BFE. After 6 years we were done, but debt was paid off, retirement accounts started to look good and I had all the time in the world to find a practice and location that was a perfect fit for my wife and I.
That early work I could never do again, but has paid out tremendous amount of return.
Still… it’s a hard pill to swallow and I don’t blame anyone for not choosing that path.

I also agree with part time at a decent clip.
I enjoy the work and part time status to me is just spending money for experiences- mainly travel and vehicles and safeguards to downturns. It’s a great way to keep yourself satisfied as a contributing member of society as well as have all the social interactions that come with that.

 

[sevoflurane]

Current location for the past 3 weeks.
Yesterday we had a 14 foot manta ray play with our suba bubbles for 20 minutes. It was quite the experience and I want more of those.

For those who like celestial navigation…

The “southern cross” with the milky way in the back ground.

Work hard early, go part time, chill and find a practice you like working at.

My 2cents.

 

[abolt18]

Current location for the past 3 weeks.
Yesterday we had a 14 foot manta ray play with our suba bubbles for 20 minutes. It was quite the experience and I want more of those.

View attachment 404683

View attachment 404684

For those who like celestial navigation…

The “southern cross” with the milky way in the back ground.

View attachment 404685

Work hard early, go part time, chill and find a practice you like working at.

My 2cents.

Iaorana!

Always wanted to go to Tahiti/Bora Bora. Love the culture. Plus I speak French which helps.

Dude you are just the model of how it should be done. Come out and hustle for a while, then slowly peel back more and more to achieve the work life balance.

 

[sevoflurane]

I regret not going into medicine earlier.

I like my job but I have a feeling I would have enjoyed it more if the primary motivation was not for a paycheck.

I get that @Splenda88.
Medicine is full of all sorts of stressful stuff outside of the actual practice of medicine.
I wanted to be a CT surgeon initially mainly because of the the surgical aspects of what they do. Once I was in med school I quickly decided it wasn’t for me.
I find focusing on the medicine part is what I like the most. I still find myself thinking hard during some cases.
Recently had a big scoli case in an older patient. Decreased UO, metabolic acidosis that required an intraop bicarb drip, hyperkalemia requiring insulin and glucose and all sorts of pressors. I couldn’t put my finger on it. But the ICU doc that I handed off to and I discussed it 9pm during handoff. It ended up being intraop rhabdomyolysis with full dialysis post op.
I still find medicine to be an exciting place to be despite all the red tape.

 

[sevoflurane]

Iaorana!

Always wanted to go to Tahiti/Bora Bora. Love the culture. Plus I speak French which helps.

Dude you are just the model of how it should be done. Come out and hustle for a while, then slowly peel back more and more to achieve the work life balance.

We’ve been to 5 different islands so far.
Laorana!!! Such amazing people here.

❤️

 

[sevoflurane]

Iaorana!

Always wanted to go to Tahiti/Bora Bora. Love the culture. Plus I speak French which helps.

Dude you are just the model of how it should be done. Come out and hustle for a while, then slowly peel back more and more to achieve the work life balance.

I know what you are doing browski.
Just don’t get stuck with the golden shackles.
Hard to walk away from.

 

[PainInTheAnes]

Current location for the past 3 weeks.
Yesterday we had a 14 foot manta ray play with our suba bubbles for 20 minutes. It was quite the experience and I want more of those.

View attachment 404683

View attachment 404684

For those who like celestial navigation…

The “southern cross” with the milky way in the back ground.

View attachment 404685

Work hard early, go part time, chill and find a practice you like working at.

My 2cents.

My first thought when I saw your Current location:

 

[PainInTheAnes]

Current location for the past 3 weeks.
Yesterday we had a 14 foot manta ray play with our suba bubbles for 20 minutes. It was quite the experience and I want more of those.

View attachment 404683

View attachment 404684

For those who like celestial navigation…

The “southern cross” with the milky way in the back ground.

View attachment 404685

Work hard early, go part time, chill and find a practice you like working at.

My 2cents.

Never underestimate what 6 years of hard work in anesthesia with minimal expenses can set you up for in life.

Too many new attendings leasing cars and buying homes they don’t end up settling in. Waste of funds and a lot of drag due to fees and interest. Causes them problems for life when kids start to bite the funds and then there’s still high monthly expenses with minimal equity or savings

 

[sevoflurane]

My first thought when I saw your Current location:

View attachment 404692

 

[aneftp]

Never underestimate what 6 years of hard work in anesthesia with minimal expenses can set you up for in life.

Too many new attendings leasing cars and buying homes they don’t end up settling in. Waste of funds and a lot of drag due to fees and interest. Causes them problems for life when kids start to bite the funds and then there’s still high monthly expenses with minimal equity or savings

Well I felt I would have been better spending it all my first 6 years with all the housing losses I took and stock market crash.

So all the max money I saved went to almost zero by end of 2009 and paying off my students loans fast despite 3.5% interest.

Almost better off getting foreclosed and living like a king the first 6 years and getting away from murder with bush and Obama get out of jail housing laws mortgage and forgiveness act .

 

[nimbus]

Just got together with 5 med school classmates yesterday in LA. We graduated >30 years ago. We all supported our kids through college and grad school in VHCOL east and west coast cities. Some of us still are. Another topic of discussion was how expensive it is to get our parents into a nice assisted living and skilled nursing facilities. We all attended expensive private undergrads and an expensive private medical school in Manhattan mostly financed by our parents. One of our friends is pouring a ton of money into his daughter who is an elite fencer with Olympic aspirations. We all happen to be of Asian descent. I wonder if there are cultural differences about how much money we are willing to pour into our kids. It wasn’t a controversial topic among this friend group as it is on SDN.

 

[Splenda88]

Just got together with 5 med school classmates yesterday in LA. We graduated >30 years ago. We all supported our kids through college and grad school in VHCOL east and west coast cities. Some of us still are. Another topic of discussion was how expensive it is to get our parents into a nice assisted living and skilled nursing facilities. We all attended expensive private undergrads and an expensive private medical school in Manhattan mostly financed by our parents. One of our friends is pouring a ton of money into his daughter who is an elite fencer with Olympic aspirations. We all happen to be of Asian descent. I wonder if there are cultural differences about how much money we are willing to pour into our kids. It wasn’t a controversial topic among this friend group as it is on SDN.

 

[UscGhost]

Just got together with 5 med school classmates yesterday in LA. We graduated >30 years ago. We all supported our kids through college and grad school in VHCOL east and west coast cities. Some of us still are. Another topic of discussion was how expensive it is to get our parents into a nice assisted living and skilled nursing facilities. We all attended expensive private undergrads and an expensive private medical school in Manhattan mostly financed by our parents. One of our friends is pouring a ton of money into his daughter who is an elite fencer with Olympic aspirations. We all happen to be of Asian descent. I wonder if there are cultural differences about how much money we are willing to pour into our kids. It wasn’t a controversial topic among this friend group as it is on SDN.

Well.

My perspective is always what's the risk vs ROI.

Should I spend 100k on pre college education, another 200k on college, another 300k on graduate school for my kid. What job are they guaranteed to get vs what would they have had otherwise.

Low chance that I get a reasonable ROI vs investing that for them

 

[finalpsychyear]

Just got together with 5 med school classmates yesterday in LA. We graduated >30 years ago. We all supported our kids through college and grad school in VHCOL east and west coast cities. Some of us still are. Another topic of discussion was how expensive it is to get our parents into a nice assisted living and skilled nursing facilities. We all attended expensive private undergrads and an expensive private medical school in Manhattan mostly financed by our parents. One of our friends is pouring a ton of money into his daughter who is an elite fencer with Olympic aspirations. We all happen to be of Asian descent. I wonder if there are cultural differences about how much money we are willing to pour into our kids. It wasn’t a controversial topic among this friend group as it is on SDN.

Agreed. common sentiment for asians is to pay it forward and maybe a little bit more if they are able to. I dont know how much all that schooling cost but for simplicity 100k 30 years ago invested your talking several hundred grand today they gave up.

 

[nimbus]

Well.

My perspective is always what's the risk vs ROI.

Should I spend 100k on pre college education, another 200k on college, another 300k on graduate school for my kid. What job are they guaranteed to get vs what would they have had otherwise.

Low chance that I get a reasonable ROI vs investing that for them

I guess the point is that it’s not only about ROI. What’s the ROI of putting our parents in a nice nursing home vs a basic one?

 

[Splenda88]

I guess the point is that it’s not only about ROI. What’s the ROI of putting our parents in a nice nursing home vs a basic one?

That is not an appreciate comparison.

You put your kids in private school because you believe somehow they will get a better education, which will likely translate into getting a good job (aka more $$$).

You put your family into a nicer NH so they can receive better medical care to decrease the chance of unnecessary suffering

 

[anonperson]

Just got together with 5 med school classmates yesterday in LA. We graduated >30 years ago. We all supported our kids through college and grad school in VHCOL east and west coast cities. Some of us still are. Another topic of discussion was how expensive it is to get our parents into a nice assisted living and skilled nursing facilities. We all attended expensive private undergrads and an expensive private medical school in Manhattan mostly financed by our parents. One of our friends is pouring a ton of money into his daughter who is an elite fencer with Olympic aspirations. We all happen to be of Asian descent. I wonder if there are cultural differences about how much money we are willing to pour into our kids. It wasn’t a controversial topic among this friend group as it is on SDN.

Asian parents ( East/South) will usually fully fund education, housing etc without hesitation. It's not even controversial if adult children need to continue to live at home in order to save etc well after college/grad school.

I see this among my friends who are physicians and are Asian. Among some of my colleagues who aren't Asian (typically White) the answers are usually divided.

It's cultural.

 

[HemeOncHopeful19]

I guess the point is that it’s not only about ROI. What’s the ROI of putting our parents in a nice nursing home vs a basic one?

I’d have figured shooting to be an Olympic fencer is even more pointless tbh