My reasoning is as follows:
-Average resident's salary: 48K
-Median starting FM attending salary: 138K
-Difference between the two: 90K
-Average indebtedness: 300K
-300K/90K = 3.3 years ** - I don't know and didn't research where you got 300K from, but I'm treating it as the amount you owe upon getting your MD. If that's the amount you ultimately pay back over 20 years, however, obviously a major perk of my plan is to not have to pay nearly that much, thanks to avoiding most interest.
You and
@DermViser : I am aware that of course, I have to spend money on more things than just loan repayment. However, that is true for residency as well. The way I see it, graduating residency into an attending position is roughly equivalent to a 90K/year raise,
with no other immediate changes in lifestyle expenses (bolded because this is an assumption essential to my post, so if I'm wrong, please let me know). Instead of using that raise to drastically improve your SoL right away, save it for a few years to wipe out your loans, THEN start living the high life.