Rich premed students

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people say something about america -i foget...its something like the land of........land of.......

well, whatever it is, its a good one.
I'm sure some abused child somewhere TOTALLY agrees with you.
 
I think most of us who have done the research can recognize that being a doctor's kid does not make you "rich." It certainly has a lot of job security and affords a good lifestyle, but not too many doctors retire early, or can take extended breaks from practice because they have money in the bank. Being a doctor's child myself, I know what it's like, and I can tell you I don't consider myself rich. I've had a job since I was 16 and I have paid for my last couple years of school.

I've always gone to a public school, and never gone on anything extravagant. Heck, I've never even been to NYC, or even out of North America. I'm sure a lot of you "non-doctors children" can chalk up some of those things.

I know that I have had it pretty good--but I think the "rich doctor" stereotype is going to be one that some day you may be disappointed in... esp. if you end up having a hard time making it as a physician working 70 hours a week.
 
If anything, I would think that the average premed comes from a better than average background (middle class - rich). To become a doctor, requires lots of money and time spent on education. Most wealthy people can go without an income to become a doctor, unlike most poor people. For many poor people, faced with harder financial constraints and a lack to many of the necessary resources to become a doctor (strong educational foundation and etc), they must forgo the opportunity to become a doctor to make instant cash to support themselves and their loved ones. While they may have the same capabilities and desires as other premeds, their situation makes it a lot more difficult for them to pursue a medical career.
 
I think most of us who have done the research can recognize that being a doctor's kid does not make you "rich." It certainly has a lot of job security and affords a good lifestyle, but not too many doctors retire early, or can take extended breaks from practice because they have money in the bank. Being a doctor's child myself, I know what it's like, and I can tell you I don't consider myself rich. I've had a job since I was 16 and I have paid for my last couple years of school.

I've always gone to a public school, and never gone on anything extravagant. Heck, I've never even been to NYC, or even out of North America. I'm sure a lot of you "non-doctors children" can chalk up some of those things.

I know that I have had it pretty good--but I think the "rich doctor" stereotype is going to be one that some day you may be disappointed in... esp. if you end up having a hard time making it as a physician working 70 hours a week.


I think there are varying degrees of rich. Most likely your family has an annual income of at least $150-200K just based on one of your parents being a doctor. That being said, you are technically "rich", in the top 98% of wealth, and probably lived a better lifestyle than most. Obviously, you probably aren’t living the lifestyles from those MTV shows, such as Cribs and My Sweet 16(both of which I think skew the vision of what is considered wealthy. if anything they should have a show on how the bottom 10-20% of ppl in the US live, but then again they probably wouldnt get great ratings). But you are at least living a lifestyle better than 98% of people.

Yet, many people misconstrued people that come from well off backgrounds as lazy or spoiled. From my experiences though, unless you come from old wealth, most people that come from wealth backgrounds are at least just as hard working as others, since they have their parents as examples of what it takes to succeed in life. I know a lot of poor people that are lazy as hell and spend lots of $ (maxing out credits cards and buying stupid **** like paying $80 for a $5 sean john jacket), and lots of rich people that work hard and very extremely frugal, as well as vice versa. I would attribute a person's characteristics, not to their wealth, but the guidance they have received from their parents and etc.
 
I think there are varying degrees of rich. Most likely your family has an annual income of at least $150-200K just based on one of your parents being a doctor. That being said, you are technically "rich", in the top 98% of wealth, and probably lived a better lifestyle than most. Obviously, you probably aren't living the lifestyles from those MTV shows, such as Cribs and My Sweet 16(both of which I think skew the vision of what is considered wealthy. if anything they should have a show on how the bottom 10-20% of ppl in the US live, but then again they probably wouldnt get great ratings). But you are at least living a lifestyle better than 98% of people.

I always joke about how they could have My Sweet 16, middle class edition (not bottom 10-20, but at least differnt):
-Alright honey, so I got some streamers for the basement, and ordered the pizza from Dominoes
-Dominoes? Damn it mom, I tell you all the time I wanted Little Ceaser's. This is so uncool...
 
I always joke about how they could have My Sweet 16, middle class edition (not bottom 10-20, but at least differnt):
-Alright honey, so I got some streamers for the basement, and ordered the pizza from Dominoes
-Dominoes? Damn it mom, I tell you all the time I wanted Little Ceaser's. This is so uncool...
I HATE YOU DADDY! YOU KNEW I WANTED THE HONDA CIVIC SI, NOT THE LX! :meanie:


My favorite episode of that show was when the girl stormed out of her mom's apartment and went on a shopping spree, only to have the credit card canceled unbeknownst to her. She went up to the cash register with like $900 worth of clothes (you know, two shirts and a pair of shoes) and it was DENIED. She was mortified in front of her friends. :laugh:
 
No, actually, folks were talking about people who had $1 million dollars in savings. So when you said that most people in southern california were like this, I disagreed.

Having $1 million dollars in savings, in my book, makes you rich. Being worth $1 million dollars (counting property value, retirement plan, etc.) is a whole 'nother animal.

having a liquid net worth of $1M, outside of retirement accounts and exclusive of personal residence typically puts you in the high net worth realm. having a net worth of $1M including your primary residence means you teach 3rd grade in san francisco.
 
having a net worth of $1M including your primary residence means you teach 3rd grade in san francisco.
No elementary school teacher could afford property taxes on a $1m home in San Francisco. She rents it out to someone in tech and commutes from Oakland.
 
you're forgetting that she bought it 10 years ago when it was selling for $180k, and pays about $500 a year in property taxes thanks to prop 13.
 
you're forgetting that she bought it 10 years ago when it was selling for $180k, and pays about $500 a year in property taxes thanks to prop 13.
I was actually looking to buy in '97. I didn't see any homes for less than $350K, and I was willing to live just about anywhere.
 
When my parents bought their house in the mid 80's it was only about the price of the house I live in in Tampa and now its nearly 2-3 times the size and 3 times its networth today..
So I don't think everyone who has a house worth close to half a mil or more is necessarily considered people who paid that amount for their house.
 
Trueeeeeeee!!!!!!!!!! Its called doctor's kids and rich business people's kids!!! Especially true in indo communities where parents often by their kid a new car when they get in med school which ranges from Beemers to Lexuses and so forth.

yep!
 
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