I mean, should this be the solution? In addition to medical school and training you then have to give away even more years of your life? They’re locked into a lower salary after training as well while they complete their service obligations which are minimum 5 years I believe
people that think I hold the positions I do because I'm jealous are always bizarre. my position is tuition should be free for all college and post grad. our healthcare system needs a massive restructuring that would involve huge pay cuts for physicians to make them more in line with global pay in countries that have free tuition. i understand you personally want the obscene salary ALSO with no tuition, but there's really nowhere in the world that does that. congrats on not remotely engaging with anything of substance though!
before we go down the road further, yes primary care (peds, etc) needs boosts in pay but specialists need a huge haircut.
Ok another classic move, claiming I want free tuition. I think that making it so that borrowers are not forced into a 6.8% rate would be a change I’d be willing to live with, or allowing people to consolidate after school instead of training, or allowing people to consolidate without invalidating PSLF. There are all sorts of reforms that could be made without helping us rich doctors too much
And I don’t think it’s a stretch to assume a healthcare social worker would hold resentment or deep seated assumptions if not frank bias towards physicians or APNs
wow what a cuck who still wants to be in a system that only benefits the banks, profiteering schools, and the government see how easy it is when you cherry pick and only want to argue in bad faith? actually address things substantively instead
again, this is you trying to make weird assumptions that i'm mad at doctors making a lot of money to not address anything i'm saying. stop it, its weird.
Guess we’re all obsessed with Lyrtch the man, definitely not just tired of your internet titan of intellectuality schtick
you're the one that is trying to draw wild conclusions about the little bit you know about me personally man, you do you though
Yes, I thought it was odd for a guy who bragged about his gamestop gambling nearing 6 figure gains that he pissed away being torn up about 10k forgiveness he might miss out on for earning over 300k/yr. Similar to why I was curious if you'd take earning 150k with no loan burden over your current salary that I imagine is what, 400k+? with the loan burden as this is kind of the global dynamic on physician pay. All very reasonable questions vs SOCIAL WORKER HATE DOCTOR.
my friend group has tons of physicians in it and interestingly enough all the primary care ones would gladly take the trade off, but the specialists mostly wouldn't. material analysis stays winning.
Anybody bullish on JMIA long term? To me that one is either going to 0 or going huge. It's made great progress towards 0 since I first bought
I was last year but the more I thought about it, the Amazon of Africa doesn’t make sense to me for three reasons. 1) theft 2) I think it’s American culture to sit at home and be lazy and/or working super long stressful hours and are trying to be efficient with time. Other countries actually enjoy getting out of the house and shopping. It’s part of their day. 3) do they even have the logistical infrastructure to have quick purchase to receipt. Seems like a huge investment.
Dude, if I made $125k/year. I would have my loans paid off and retire before most people simply got their loans paid off. $125k..... hell that's more than most people make in 3-4 years. Lol
Paying off your student loans as fast as possible wouldn’t be the best financial strategy unless they are at some insane rate but I’m sure other guys in here could explain that better. Post medical school you make a fixed salary set by the government until completing the rest of your training, while your loan interest accumulates at a 6.8% rate. You cannot refinance and consolidating makes you ineligible for loan forgiveness. You’re both rate-locked and wage-locked by law. So I was making $43k my first year out. By the sixth year I was up to 62k but it still barely covered expenses plus student loan payments in the city I was in. Not arguing for free tuition or anything, don’t need sympathy, but I think it’s stupid to exclude the people who are arguably bled the most by the system from a (paltry imo) 10k forgiveness plan. From a political standpoint it seems a bit stupid because you’d think you’d want the votes from that bloc too, not that I would ever vote R Sorry to the thread for the tangent and this will be my last post on it, it’s just been a source of incredible frustration and anxiety over the years. My wife’s are the ones that really scare me because we’ve banked on PSLF for years while she works at a place she literally hates in order to qualify. We constantly worry about the government not holding up their end of the bargain and sticking us with a 400k bill when it’s all said and done.
I used it to buy “boot camp” courses for SQL, Python, and R. I haven’t been able to complete them all but really liked the SQL and Python classes. The instructors name was Jose (can’t remember the last name). Seems like they consistently have sales and mark courses down to like 15 bucks.
I put them in my cart for $9.99 and then forgot to buy them. When I woke up they were $199 so I noped out of them. I logged on from my phone and they were back to $9.99 so it must have something to do with cookies and being a first time visitor to that site. I’m going to use my first free month at Coursera and then go back to Udemy.
I was totally unaware of the pay locks. I was basing my post off the $125k/year that was mentioned earlier and my bills. I could easily pay my bills and wipe out all my debt within a few years if I made that.
Cross posting from the official dad thread: Let's talk savings for your kids. I'm going to start a 529 plan soon. But that is exclusively for education. I'll open a bank account for her as well. Money in the bank account will go towards a car one day and other expenses. How much are yall shooting for for college? I read $60k for 4 year public and $100k+ for private. I'm thinking $100k ? How much are yall shooting for in terms of non 529 savings /savings account? Maybe another $100k by the time they turn 18? What big ticket expenses $10k+ are out there other than car/college/wedding that need to be on my radar? Alternatively you could just have a 529 plan and pay for everything else that comes up out of your regular savings and just put all birthday money etc from family into the 529 account.
I will say that your money obviously goes further in a brokerage account than sitting around in a savings account earning basically no money. Maybe I'll take all the birthday money and other money specifically designated to her and set up a brokerage account so that her money grows.
Blood pressure rising. VA canceled its prepaid529 bc you know, can’t have people avoiding two decades of runaway “costs”. Tweed is expensive.
I currently have five 529 plans going that I'm contributing $100 per month to each. There is like 8k, 7k, 6.5k, 5k, and $300 in each of them for the kids (all 5 and under). I'll continue to contribute at least that much until they head to college. Whatever is in there at the time will be used. The rest of the bill they'll have to figure out via scholarships and paying themselves.
I'm shooting for $100k per kid. Guesstimates say instate public could be $160k for 4 years by then, so hoping for scholarships. Once a 529 reaches $50k I started saving half of contributions in the 529 and half in a brokerage account for some flexibility.
I do $250/month into my kids 529 accounts. Don’t have anything else for them. Will do something where they have to save from random chores and work and I’ll match dollar for dollar for their car. Money will just come out of my own brokerage account. I’ll pay for my daughters wedding out of my brokerage account too. Don’t think I’ll ever set up brokerage specifically for them but will help from my own accounts where I feel I can.
Did you set this up once they started doing odd jobs? Thought the individual on the IRA needed to have generated income?
Can’t afford 529’s. Prioritizing my own retirement accounts ahead of college $ for them. They can get loans if needed. Don’t think I can take out loans to cover my old retired ass food / rent / medical expenses.
As it should be. Hopefully things work out well for you and you’re able to help them out. Or maybe we’ll unfuck the cost of college.
Yes, I set it up for him once he got his first summer job last year (as a lifeguard). He deposits his paycheck into his checking account to spend during the year but whatever he makes (earned income) I transfer the equivalent amount out of his brokerage account and into his IRA.
Any of you guys max out your HSA and just let it accumulate and gain interest over the years? I just started doing it and love the concept of having 25+ years of HSA contributions ready for me to use when I'm in my retirement stage.