Job security in medicine

[IkeBoy18]

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Is airbnb worth it? Here a 1 bedroom rent is about 2-3000 per month for rent on average. Unless you are filling up your airBNB everyday, it's hard or you wont make much more with airbnb vs renting especially factoring in the cost and effort of cleaning/organization the place every time the person leaves. Hotels here are about 200s per night so chances are your airbnb price will be lower

Depends on what area your Airbnb is in. I have a friend that had one in a prime location in DC. It’s a 3/2, people like to have a place that’s more comfortable like home vs a hotel. You can fit more people in them and split the cost. He’s booked 90% of the time, avg is $350/night. Makes almost triple the mortgage in profit.

 

[resiroth]

Is airbnb worth it? Here a 1 bedroom rent is about 2-3000 per month for rent on average. Unless you are filling up your airBNB everyday, it's hard or you wont make much more with airbnb vs renting especially factoring in the cost and effort of cleaning/organization the place every time the person leaves. Hotels here are about 200s per night so chances are your airbnb price will be lower

If you live in an area with a "peak" season that's ideal. You can rent out for 2-3x the usual rate for the duration of the "event" whatever that is to minimize your hassle relative to profit. You also can rent out for substantially above hotel rate per night if you're renting out a guest house. If you own a house on the beach there really isn't a comparable experience offered by hotels. A family friend does this seasonally (while he travels europe) with minimum stay of 1 week. A company handles all the logistics including keys/cleaning/restocking etc. of the home itself for a minor fee (paid by guests I believe). During peak season it rents at 1% its value a week. International money...

 

[coffeebythelake]

If you are your own employer, which is basically non-existent in anesthesiology except for pain medicine, then obviously there is job security. All else... the hospital or your group will keep you if you have value to them.

 

[Twiggidy]

If you are your own employer, which is basically non-existent in anesthesiology except for pain medicine, then obviously there is job security. All else... the hospital or your group will keep you if you have value to them.

I think even “value” in today’s age is becoming a non-existent thing. Groups ar becoming big enough the “the cardiac guy” or “the peds guy” doesn’t really matter anymore. The best way to keep a job, and many will agree, it’s to not cause trouble. So many residents graduate nowadays that people are replaceable....easily.

 

[deleted171991]

@C4C said (Locums as a new grad):

"If you think you need to be mentored, I would not go with an AMC.

My experience is not meant to be universal, but once USAP took over, my group stopped caring about new hires. We used to treat new hires as potential partners, and we were invested. Our spouses got to know their spouses. We told them about schools and neighborhoods. We were careful in scheduling to keep them from working with known trouble makers. We wanted the recruit to succeed, because hiring is a pain.

Now that my old group is a wholly-owned subsidiary of USAP, hiring is a corporate concern. They use a recruiter, and all decisions are made at the corporate level. Corporate tells them when a new body is going to join the rotation, and the new body is plugged in. If it works, great. If it doesn't, another warm body is ordered from HQ. Rinse and repeat."

Emphasis mine.

 

[narcotics999]

@C4C said (Locums as a new grad):

"If you think you need to be mentored, I would not go with an AMC.

My experience is not meant to be universal, but once USAP took over, my group stopped caring about new hires. We used to treat new hires as potential partners, and we were invested. Our spouses got to know their spouses. We told them about schools and neighborhoods. We were careful in scheduling to keep them from working with known trouble makers. We wanted the recruit to succeed, because hiring is a pain.

Now that my old group is a wholly-owned subsidiary of USAP, hiring is a corporate concern. They use a recruiter, and all decisions are made at the corporate level. Corporate tells them when a new body is going to join the rotation, and the new body is plugged in. If it works, great. If it doesn't, another warm body is ordered from HQ. Rinse and repeat."

Emphasis mine.

Man, I have been trying very hard to find traces of optimism in your posts.

 

[deleted171991]

Man, I have been trying very hard to find traces of optimism in your posts.

Mindsets: Optimism vs. Complacency vs. Pessimism

 

[The Physician Philosopher]

Exactly. While reimbursement may decline, I think a lot of people (including myself on occasion) forget how crazy 2008 was. Or the dot com bust. In a recession a lot of stuff is scaled back, but generally not healthcare spending. You might make less, but you'll have a job. In 2008 unemployment was at 10%. Kind of crazy.

I also agree most of the advice about saving early is key. Want some passive income? You could spend a bunch of time trying to make a blog or something...or just invest money into the stock market (broadly). After all, dividends are about as passive (and reliable) as you can get. I'm less pessimistic compared to others here (partially because my lifestyle is sub 30k, so I am not in the same position as some docs going from 500 to 400 or 350) but I think preparing for the worst is always reasonable. Live frugally at the start, and slowly increase your lifestyle. It's a lot easier to "cut back" in response to a pay cut if cutting back means the same lifestyle (say living on 100-150k) with 20% less money going into the fidelity account after all.

Or you could run a blog AND invest into broadly diversified index funds (and blog about that, too) [emoji6]

Sent from my XT1710-02 using Tapatalk

 

[Twiggidy]

Or you could run a blog AND invest into broadly diversified index funds (and blog about that, too) [emoji6]

Sent from my XT1710-02 using Tapatalk

Or you could quit carbs, join a gym, and become an Instagram model

The 8 highest-paid fitness Instagram stars in the world

 

[AdmiralChz]

Or you could quit carbs, join a gym, and become an Instagram model

The 8 highest-paid fitness Instagram stars in the world

#MakeDadBodGreatAgain

 

[IMGASMD]

Or you could quit carbs, join a gym, and become an Instagram model

The 8 highest-paid fitness Instagram stars in the world

$150/day for some diet plan?! Am I reading that right?

#MDBGA

 

[Consigliere]

Or you could quit carbs....

That's crazy talk.

 

[Twiggidy]

That's crazy talk.

 

[Psai]

Man that really makes me wish I was a 24yo chick with a bangin’ ass.

I'll take what i can get

 

[Twiggidy]

Man that really makes me wish I was a 24yo chick with a bangin’ ass.

I feel like "I" wish you were a 24 yo chick with a bangin' ass lol

 

[deleted162650]

I feel like "I" wish you were a 24 yo chick with a bangin' ass lol

Ummm, yeah sorry. I’m just not into black guys.

 

[chocomorsel]

Ummm, yeah sorry. I’m just not into black guys.

You scared you’ll never go back once you go black?
Understandable.

 

[deleted162650]

You scared you’ll never go back once you go black?
Understandable.

Based on some of Twig’s posts, I’m convinced he may actually be the least black person I know.

 

[Twiggidy]

Based on some of Twig’s posts, I’m convinced he may actually be the least black person I know.