Dude, that is the literal meaning of anecdotal. No shade, just saying.
Haha. You got me. But what I said still rings true. These are good friends.
Welp.. I’ll just say the jobs near me are pretty full. I think there are some good gigs in Kentucky and maybe parts of TN. That being said things seem pretty full. One thing I wish we could do is put real numbers out there. We all use pseudonyms on here but still no one wants to put real numbers out there for their actual bonuses / pay. I get why but it weakens us all.
Again, I’ll say.. i wonder how one defines “ridiculous bonuses”. I had a good friend who years back would make 1k/hr around the phoenix market. One day he worked from 2a to 6am. Which seemed crazy until he told me the pay. IMO 500/hr+ is “ridiculous” that being said i know of docs who have made 100k+ a month not working crazy hours.
Nah. I make good money. Not interested in traveling etc. No one offer I have ever haggled for even came close to my hourly rate tbh. I value knowing my schedule, making well above avg hourly rates and having a commute i can control. Any hospitals within 60 mins from my house dont pay remotely close enough to make it worth my while. The further ones also dont pay enough per the people i know who work locums there. It is enough for them but not a number i would consider.
It’s not for me.. for the masses.. Like Wu-Tang.. it’s for the children.
Useful info!
If you are willing to travel i agree. I know a dude at a west coast SDG made 180k in a month. Worked a lot and group has strong collections. Still the highest i have heard but i know of 4 different ED docs who made over $1m in a year.. it’s doable but no one is handing that out on a silver plate. The high earning SDGs will make 4-500+/hr depending on set up etc. that’s not the norm or even common but im talking crème de la creme. No turnover in those groups and usually very insular.
I think this sort of depends. In general yes.. However, if that extra 300k is money you dont need and you put that money into a defined benefit / cash balance plan then it is a very quick way to get to retirement that much sooner. The amount you can put in is variable but if you have a decent plan at your job and you are in your 40s you can put in between 120-180k a year.. That helps you get to FI much quicker and doesnt impact your tax bill. Of course that money is semi tied up like a 401k.
I think this is mostly true. Even the good docs eventually become bad because its a race to the bottom. I mean a good Locums doc who can move the meat and well liked typically looks around wondering why they are working so Hard. Make 3-400/hr was the same if I worked hard or worked as hard as the other guys.
So you can have a ton of flexibility with a DB plan if you are the sole person in it. One option is to just shut it down and roll that money into your 401k. My point is while you are right.. to get to the RE portion of things you need money in a taxable account. My point is making that extra 200-300k can be very valuable and you don't have to pay 50%+ of your taxes on that money. It also helps to some degree cause at 59.5 you will have a ton more money and there are a number of ways to extend out your other money if you know you have a huge windfall coming at 59.5.
I am not sure if this is still available. I know when I did locums 7 years ago, I would not pick up a shift unless they offered a 2k bonus. Rate was 275/hr so my 10 hr shift typically started around 475/hr or 4750/shift. I did about 8/month and was pocketing 38k/month which wasn't bad.
Some do if you reach out. I got an offer for a casual position at effectively the same rate as the locums offer.
How did they swing that? I imagine some of the full time/part time people would be upset.
Weird circumstances. A nearby hospital closed, the regulars didn't like the increase in volume despite increasing coverage so most of them abruptly quit. I'm semi-local and it turns out the locums company was basically offering what the hospital's normal casual rate is anyway. Rate drops for full time because of benefits. But in this case the agency was trying to sell people a job at the actual rate of the job and pocket the difference.
physician reimbursement rates are down, hospital reimbursement rates are up, more hospital volume (surgery, scopes, caths)
Lol nurses in California earn $100 an hour with patient caps, meal breaks and employment protections.
That's way underpaid, nurses in Northern California make above $100 an hour and as far as I can tell they basically do nothing between patient caps and meal breaks. And that's without shift differentials etc.
I'm more impressed by the hours than I am the rates (which are still good). Taking the average of those over a year is > 900k pretax. If the work is sustainable that's pretty impressive.
I get to sleep in my own bed, so it is sustainable. No air plane travel for me.
You may have said this before but whats the goal? I am pgy 15 or so.. 0 interest in working 200+ hours in a month..
It's been a while since I've seen something that looked so absolutely awful.
The goal is options in life. Money is the greatest tool ever invented. We replaced the evil institution of slavery with the smiling face of Benjamin Franklin on paper. Right now I am living a life of money, but I want to live a life of wealth (5 more years).
Who needs options trading when you have this work ethic?
Sleep room, wife is SAHM, young kids, good health, I laugh more at work than most docs, good hospitals, home gym, hired someone to clean the house, hired someone to mow the lawn, hired someone to help with the kids
It doesn't sound like you're home plenty if you have to hire someone to help with the kids.
