- Joined
- Jul 25, 2008
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Around this time every year when I can barely pay off my credit card just waiting for financial aid to deposit $ into my account so I can live again I start to think about the deep hole I've dug for myself and almost start to question if its worth it. Going straight into med school from college (where the parents payed for almost everything) I really didn't grasp the concept fully. Now seeing my friends with far less education start to save money and talk about buying things/investments I can only dream about I'm starting to feel a little down and worried. I'm probably looking at ~$280K before interest once I graduate from this hell hole and what will I have to show for it? A fancy MD? I was/still am one of those people that think you have to go into medicine because you love it/have a passion for it and not the money but I still would also like to live in a more than modest house and not have to decide if I want this one particular item or groceries this week. It just seems like I'll be living paycheck to paycheck (or in this case loan check to loan check) forever without ever having the opportunity to save and actually obtain some wealth.. I'm sure I am wrong, but I also don't want to wait till I'm 50..
Anyone else as concerned as I am? I know its hard to really care too much when its basically like monopoly money and no one is asking for it back yet..
And for residents with debt, how did you go about starting to pay it back? Defer through residency? Pay off interest? I am hoping I can pay off interest and start to hack away at the principle when I start residency but I don't even know if that's feasible given the salary of a resident.
Anyone else as concerned as I am? I know its hard to really care too much when its basically like monopoly money and no one is asking for it back yet..
And for residents with debt, how did you go about starting to pay it back? Defer through residency? Pay off interest? I am hoping I can pay off interest and start to hack away at the principle when I start residency but I don't even know if that's feasible given the salary of a resident.