Stealth Wealth & Pain Doctors: More Common Than We Think?

[SSdoc33]

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Scary virus that COVID-19.

We should shut down the state and live in fear...

if you had voted for abrams you may not have had to right now. you are trending that direction

 

[Pain Applicant1]

I'm definitely stealth. I like to fly under the radar. I never understood why anyone would want to make a target of themselves and stand out, especially in this precarious economic environment. When I was growing up, people were getting their gold chains snatched left and right and were getting held up for their jackets and sneakers. Maybe that has something to do with it.

 

[SSdoc33]

I'm definitely stealth. I like to fly under the radar. I never understood why anyone would want to make a target of themselves and stand out, especially in this precarious economic environment. When I was growing up, people were getting their gold chains snatched left and right and were getting held up for their jackets and sneakers. Maybe that has something to do with it.

make your peers jealous. post pics on instagram, etc.

i have been wearing the same work shoes for 10 years. i generally see flashiness as a character flaw. im not sure how the size of a rock on your hand makes you a better person.

 

[Pain Applicant1]

make your peers jealous. post pics on instagram, etc.

i have been wearing the same work shoes for 10 years. i generally see flashiness as a character flaw. im not sure how the size of a rock on your hand makes you a better person.

I'll pass on the jealousy thing, not worth it. It just leads to animosity and envy and both lead to very ugly things. I'm lucky enough to be in the position I'm in and don't want it to change. I'm going to ride it out as long as the system allows me to and don't want to piss anyone off along the way. I also don't want my kids to feel different than their peers. It's hard for kids to be different.

 

[SommeRiver]

if you had voted for abrams you may not have had to right now. you are trending that direction

Dumb comment, and I don't care what you think or believe. I really do not, so you need not reply.

Just go enjoy the forums and other threads bro...

 

[SSdoc33]

Dumb comment, and I don't care what you think or believe. I really do not, so you need not reply.

Just go enjoy the forums and other threads bro...

doesnt work that way

you make an inane comment like this:

Scary virus that COVID-19.

We should shut down the state and live in fear...

and you get put in your proper place

 

[Ducttape]

"People say money doesn't buy happiness. Except, according to a new study from Princeton University's Woodrow Wilson School, it sort of does — up to about $75,000 a year. The lower a person's annual income falls below that benchmark, the unhappier he or she feels. But no matter how much more than $75,000 people make, they don't report any greater degree of happiness."



"It simply suggests, according to the researchers, that a group of people making $200,000 a year is likely no happier than a group of people making $95,000. The well-documented “hedonic treadmill” phenomenon also suggests that people adjust relatively quickly to their newly flush bank accounts, with happiness leveling back off over time."


"All told, the ideal income for life evaluation ranged from $35,000 in Latin America to $125,000 in Australia and New Zealand. In North America, the optimal amount for life evaluation was estimated at $105,000, and the range for emotional well-being was slated at $65,000 to $95,000."

of note, this study was specifically talking about individuals. obviously, $105,000 is a fair amount higher if this is post tax amount.

this would roughly be $140,000 before taxes.

so, you realize, in the US you are talking about roughly the top 7% of wage earners in the country.

point? income distribution and wealth distribution with respect to "buying happiness" in this country does not appear well balanced.

 

[SommeRiver]

of note, this study was specifically talking about individuals. obviously, $105,000 is a fair amount higher if this is post tax amount.

this would roughly be $140,000 before taxes.

so, you realize, in the US you are talking about roughly the top 7% of wage earners in the country.

point? income distribution and wealth distribution with respect to "buying happiness" in this country does not appear well balanced.

There will never be equality of outcome, and to force it upon us would be detrimental.

Also, that 105k number is one number, and 75k was another. If you make 8k per month after taxes (96k post tax) you live in a big house, go out to eat, have a nice car, 401k, and take vacations.

8k per month post tax is a LOT of money.

 

[Ducttape]

I did not state equality of income and that is not the goal

strive for reduced income inequality, so that more Americans can make a liveable income, yet there still be rich people.


you are right, 8k per month may be a lot of money for an individual. I'm pointing out that very few Americans percentage wise will get there.

 

[SommeRiver]

I did not state equality of income and that is not the goal

strive for reduced income inequality, so that more Americans can make a liveable income, yet there still be rich people.


you are right, 8k per month may be a lot of money for an individual. I'm pointing out that very few Americans percentage wise will get there.

8k per month after taxes is a lot for a family of 4, not just an individual.

If you can't be happy with that money the problem is you.

 

[hyperalgesia]

8k per month after taxes is a lot for a family of 4, not just an individual.

If you can't be happy with that money the problem is you.

There are places in the US with poor public schools, astronomical private school costs and COL.

In that situation, money will be a major headache on that salary.

 

[SommeRiver]

There are places in the US with poor public schools, astronomical private school costs and COL.

In that situation, money will be a major headache on that salary.

Don't live in one of those places.

 

[Ronin1]

8k per month after taxes is a lot for a family of 4, not just an individual.

And yet no one that is out in practice in the pain world makes this little....

 

[SSdoc33]

Don't live in one of those places.

we can't all live in "deliverance" country.

more to the point, many dont want to because of poor public services, schools, etc.

if you don't make a lot of money you will necessarily be forced to live in an area with poor housing, poor schools, crime, etc.

 

[hyperalgesia]

Don't live in one of those places.

The point is, the required amount to be happy is going to vary depending on the location.

But you're right, if everyone moved to the same, cheap place, that number would be the same, if that's the point you're making.

 

[SommeRiver]

The point is, the required amount to be happy is going to vary depending on the location.

But you're right, if everyone moved to the same, cheap place, that number would be the same, if that's the point you're making.

There are 50 states in the USA. Each has its own rules, taxes, etc. Culture spans state lines but tends to be regional, so you can move to another region or state if that area is a better fit for your lifestyle.

That is the point I'm making.

 

[Agast]

The orthopedic surgeon who started my group passed away suddenly this week. He was a true gentleman surgeon and a sharp businessman, and probably the only reason why I got my job in the first place. He had a sudden stroke from a benign tumor, was recovering and then suddenly coded during PT. He retired this year because of knee problems but he already had it set the last few years where he could work 1-2 days a week just for fun. He could have taken the most fantastic vacations if it wasn’t for COVID, he already made sure his kids would be set through various trusts and real estate investments. The last act he pushed through was getting all the younger partners signed on to own the building. He convinced the older partners to take 20% off the valuation so that we could afford it. I think part of it was so that when his children inherited his majority portion he could be sure all the “uncle doctors” would keep the practice and tenants there. It was so important that when he woke up from brain surgery he was sending emails to make sure it would go through. We’re all stunned and horrified that he passed. He was otherwise healthy. We talk a lot here about being baller and joke about not getting married because it saves you money, he was happily married to one woman who raised his three kids. It’s made me think a lot about what I want out of this job and what kind of legacy I think I’m leaving behind.

 

[hyperalgesia]

The orthopedic surgeon who started my group passed away suddenly this week. He was a true gentleman surgeon and a sharp businessman, and probably the only reason why I got my job in the first place. He had a sudden stroke from a benign tumor, was recovering and then suddenly coded during PT. He retired this year because of knee problems but he already had it set the last few years where he could work 1-2 days a week just for fun. He could have taken the most fantastic vacations if it wasn’t for COVID, he already made sure his kids would be set through various trusts and real estate investments. The last act he pushed through was getting all the younger partners signed on to own the building. He convinced the older partners to take 20% off the valuation so that we could afford it. I think part of it was so that when his children inherited his majority portion he could be sure all the “uncle doctors” would keep the practice and tenants there. It was so important that when he woke up from brain surgery he was sending emails to make sure it would go through. We’re all stunned and horrified that he passed. He was otherwise healthy. We talk a lot here about being baller and joke about not getting married because it saves you money, he was happily married to one woman who raised his three kids. It’s made me think a lot about what I want out of this job and what kind of legacy I think I’m leaving behind.

Thanks for sharing. We waste a lot of time on things that are petty and meaningless.

 

[scoopdaboop]

What's the benefits of being stealth? Unless you are paranoid that someone is going to rob you. I would atleast want a LC 500 to stunt, maybe the new porsche taycan? An audi a4 daily driver. A big ol SUV, the new Tesla model Y looks nice and is also good to have. If you live in a good suburb and aren't an obnoxious prick, nobody's going to care if you're not "stealth"

 

[drusso]

The orthopedic surgeon who started my group passed away suddenly this week. He was a true gentleman surgeon and a sharp businessman, and probably the only reason why I got my job in the first place. He had a sudden stroke from a benign tumor, was recovering and then suddenly coded during PT. He retired this year because of knee problems but he already had it set the last few years where he could work 1-2 days a week just for fun. He could have taken the most fantastic vacations if it wasn’t for COVID, he already made sure his kids would be set through various trusts and real estate investments. The last act he pushed through was getting all the younger partners signed on to own the building. He convinced the older partners to take 20% off the valuation so that we could afford it. I think part of it was so that when his children inherited his majority portion he could be sure all the “uncle doctors” would keep the practice and tenants there. It was so important that when he woke up from brain surgery he was sending emails to make sure it would go through. We’re all stunned and horrified that he passed. He was otherwise healthy. We talk a lot here about being baller and joke about not getting married because it saves you money, he was happily married to one woman who raised his three kids. It’s made me think a lot about what I want out of this job and what kind of legacy I think I’m leaving behind.

That's a beautiful story and a wonderful example of the duty doctors owe each other. I can't imagine a hospital CEO ever doing the same thing for the employed MDs.

 

[SSdoc33]

What's the benefits of being stealth? Unless you are paranoid that someone is going to rob you. I would atleast want a LC 500 to stunt, maybe the new porsche taycan? An audi a4 daily driver. A big ol SUV, the new Tesla model Y looks nice and is also good to have. If you live in a good suburb and aren't an obnoxious prick, nobody's going to care if you're not "stealth"

completely missed the point

 

[SSdoc33]

That's a beautiful story and a wonderful example of the duty doctors owe each other. I can't imagine a hospital CEO ever doing the same thing for the employed MDs.

completely missed the point


also, you recently posted about how covid-19 presented an opportunity to screw over younger docs looking for a job.

 

[drusso]

completely missed the point


also, you recently posted about how covid-19 presented an opportunity to screw over younger docs looking for a job.

True, true, unrelated...

 

[SommeRiver]

That's a beautiful story and a wonderful example of the duty doctors owe each other. I can't imagine a hospital CEO ever doing the same thing for the employed MDs.

That would NEVER happen in my practice.

 

[Ducttape]

8k per month after taxes is a lot for a family of 4, not just an individual.

If you can't be happy with that money the problem is you.

the article you quote about 8K specifically says individual, and this number is different for families. it says so in the first paragraph...

The ideal income for individuals is $95,000 a year for life satisfaction and $60,000 to $75,000 a year for emotional well-being. Families with children, of course, will need more.

again, very few individuals or families in the US get to this amount.

 

[SommeRiver]

the article you quote about 8K specifically says individual, and this number is different for families. it says so in the first paragraph...



again, very few individuals or families in the US get to this amount.

I am aware.

 

[deleted993114]

The secret to monetary wealth: no kids

No kids? That would suck; I love my kids almost as much as I love my cats. I don't even have to support two of them anymore (kids- the cats are still dependents and have no jobs).

You seem to be very interested in people who make a lot of money. Be happy with what you have; focusing on what you do not have will drive you crazy.

I lived the life of what you guys call a "baller". It sucked. It is far, far better to work at a slower pace and enjoy medicine and life.

I hope it doesn't take you a major health issue (like it did for me) to wake you up.

 

[Ronin1]

No kids? That would suck; I love my kids almost as much as I love my cats. I don't even have to support two of them anymore (kids- the cats are still dependents and have no jobs).

You seem to be very interested in people who make a lot of money. Be happy with what you have; focusing on what you do not have will drive you crazy.

I lived the life of what you guys call a "baller". It sucked. It is far, far better to work at a slower pace and enjoy medicine and life.

I hope it doesn't take you a major health issue (like it did for me) to wake you up.

FWIW I said monetary wealth not overall life happiness.