So much work to acquire medical knowledge, all to retire at 53? I think I'll go till I'm 70 and instead spend more in my 30s and 40s. The time to live it up (without over doing it) is before you're 45 and the risk of health decline sets in.
I guess it depends how much you dislike working/enjoy leisure time. Personally, I think I'd rather save up and switch to part-time working ASAP and have tons of free time. Overall, working 3 days/week and driving a used Toyota Avalon sounds a lot better than working full time because I bought expensive toys like sports cars or boats
The safest is probably living an austere FIRE lifestyle, but if you want to live more comfortably it is a good route
Yes it's all about how much you enjoy work and how important toys/luxurious items are to you. But it's an objectively valid point that age matter. Deferring enjoyment of life for older age can be a big mistake given obvious health risks with age.
I guess I fail to see how working a ton to afford your Ferrari lease that you can only drive a little each year constitutes enjoying life. But I guess folks can have all kinds of strange priorities. I enjoy the hell out of my free time with annual spending that is a small fraction of my income so that if a day comes where I don't enjoy my job I can walk away without a second thought. That is my strange priority. Though my high income combined with my spouse's along with the low cost of living for our area helps that a ton and I know not every doc has that benefit.
I think I am very lucky that my tastes don't tend to be extravagant. We vacation several times a year but each costs less than a super fancy trip would cost because we like sitting on the beach or snorkeling so it doesn't cost much to do that versus penthouse suites with butlers and daily spa visits that bothers might want. Though I did just splurge on a several thousand dollar massage chair which is a little extravagant (though much less than a fancy car would be and so far I have used my chair daily).
My husband is a nurse who had minimal student loans when we married so that works pretty well too since his high five figure income kept loans for me low during med school and got us farther ahead in terms of retirement savings and paying down loans than we otherwise would have been. Plus the whole no kids thing really helps to minimize expenses.
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That is a nice tradition. I have probably given may parents the equivalent of several paychecks over the years I have been an attending. They were very supportive over the years financially and otherwise even though they didn't have a lot of money. So it seems right to help them out nowI'm from Senegal and its tradition to give your parents your first professional paycheck. So my entire first paycheck will go to them, as a way to say thank you. I don't mind because my parents have been very supportive of my decision to pursue medicine.
I'll still buy groceries and pay my rent though
I'm from Senegal and its tradition to give your parents your first professional paycheck. So my entire first paycheck will go to them, as a way to say thank you. I don't mind because my parents have been very supportive of my decision to pursue medicine.
I'll still buy groceries and pay my rent though
Where the other 42k will come from? Most new attending got sign on bonus between 20-30k. Only one person I know got 50k.
Probably going to finance it like many doctors do when they start making bank. If they are lucky that will be their one reckless financial move, but once you start down that path of extravagant purchases it becomes easy to continue.
I’m with you on the home gym. Won’t break the bank even if you go pretty crazy with it, and the ROI re: general health isn’t really matched by anything else imo
Just be careful that taste doesn't pull you deeper into the financing good things habit. It is sort of like how it is easier to stay away from sweets until you start eating some. Then the cravings hit hard after.
No, ive had to make due with much less most of my life.
