Yea I was going to let the troll get away, but I needed the Post Count... Epic's beating me this week.
Yes after 10 years of post grad work you'll likely not start off at 500k, but hey, let's say you do. Bully to you.
I could leave school with 100k in debt (I'm not because I enjoy a social life, but it's more then reasonable to assume my number). I could graduate and walk into a pharmacy chain and get them to pay that off (in lets say 5 years) and make 100k doing it. You'll leave school with what, conservatively $175k (assuming you have not, a golden spoon). I bank 50% of my salary, go to a business school and get some MBA hotshot to help write a proposal for an independent pharmacy. (Free or on barter, since most MBA programs require you to write up a business proposal, it works out. BTW most of the programs have students that they'll assign to your small business to work on advertising, merchandising and other assundry businessy things. Yea more free services.)
I scope out the local area for possible independent pharmacy locations and get involved with NCPA. Rather I get involved with the NCPA and the students assigned to me scope out local areas for independents. Best case I buy out someone ready to retire, worst case is I have to work a site from scratch.
I get my wife or mother to be the declared owner and I'll be the silent partner, we'll get the government to fund 80-100% of opening the business through SBA and minority grants and loans. After 3-5 years, I've opened 2 or 3 stores, you're just getting finished with your school, I bring in 230k/year + I have 2 or 3 stores under my belt.
Two years later I plunk down the cash to buy out the commercial real estate where my stores are, so now I have the real estate and the stores (and the 230k/year). In 15 years post school I'll have (conservatively) 7 commericial properties and 3 or 4 pharmacies. I take on three fresh from the school pharmacists and groom them. Five years later I set up a sliding buy-out with the pharmacists covering the next 5 years.
I retire. Age 58-60 (I was 33 when I started school). Continue to slowly aquire commercial real estate to hit about 350k of annual income, watch my kids grow up, send them off to college and take a cruise around the world (or 4), learn to pilot a twin-turbo prop and buy (as a business write off) a nice used plane every 6 years or so. I'll get to fly my happy arse over the US and Canada, seeing family, friends and staying involved in Pharmacy.
Hmmm, yep I'm all envious of your 500k super brain, but hey, while I'm being all jealous, I'll remember you when I'm hitting snooze button at 10am, listening to the soft lapping of the waves against the boat and smell the ocean breezes and oh yea... the complete lack of responsibility.
Yes, I realize I'll be putting away more then the 401k will allow, I guess that measely 7.5% bond market and 4.6% on stocks (both what I get now in zero agressive accounts) will just have to do. Woe... is me.
