With medical school tuition/fees/living expenses along with undergrad debt I will likely be around $300k in debt. So, as a rational person I am begining to question the feasibility of medicine. Especially with the hits medicine is likely to take with healthcare "reform." I can't imagine doing anything other than medicine, but it scares me that it will destroy both my personal and financial life....
Absolutely Not!!! .....as I've said before, if offered a free ride I still wouldn't go back and do medicine over again. Give me a bible and let me put my hand on it and I will swear this is so. It is not just the massive debt, it is the lost time that you can never get back that kills me more.
This is a very interesting and increasingly relevant discussion topic.
At some point, the cost of medical school is not going to make economic sense. That magic number varies for each individual. Some factors that are in play include... married or single... does your spouse have a job... kids or no kids... what is your net worth before starting med school... do you have an inheritance to ...
I agree w/above comment. The answer is "it depends".
You say that you can't imagine yourself doing anything else, so that might make it worth it for you, as long as you have some understanding of what you are getting in to. I would say that "what you are getting in to" in your case is a situation in which you are either going to have to work in an underserved area to get loan repayment, join ...
The personal life ? is a totally separate question.
I think "destroy your personal life" is probably an overstatement, but it will definitely change your personal life in big ways, and not all of them positive most likely, especially when you are a trainee.
Quote:
Originally Posted by DrRobert
This is a very interesting and increasingly relevant discussion topic.
At some point, the cost of medical school is not going to make economic sense. That magic number varies for each individual. Some factors that are in play include... married or single... does your spouse have a job... kids or...
Quote:
Originally Posted by DrRobert
This is a very interesting and increasingly relevant discussion topic.
At some point, the cost of medical school is not going to make economic sense. That magic number varies for each individual. Some factors that are in play include... married or single... does your spouse have a job...
Hopefully a state school will become an option. I am actually 27, which makes these questions a bit more pressing. I made a career change and did a post-bacc that ate up my savings. No wife or kids, nor any chance of any appreciable inherintance. I am not naive enough to tell myself, "oh well, I guess I'll just do plastic surgery."
DrRobert, I like your magic number theory. 300 is mine...
btw, I am completely willing to serve in rural areas. I just don't necessarily want to lock myself into primary care before I have a chance to get a feel for what I am good at/like.
Quote:
Originally Posted by jdwmont
Hopefully a state school will become an option. I am actually 27, which makes these questions a bit more pressing. I made a career change and did a post-bacc that ate up my savings. No wife or kids, nor any chance of any appreciable inherintance. I am not naive enough to tell myself, "oh well, I ...
Quote: Originally Posted by jdwmont Got a good laugh out of this! So true... However, if you can think of a job in science with as much stability and income as medicine, let me know. Everyone talks about the "stability" of medicine. I laugh to myself when I hear this. I equate this to flying a 757 in a terrible thunderstorm with severe turbulence. Sure the plane is stable and will remain up in the air but the bumpy...
Quote: Originally Posted by yadayadadude Is medicine worth $300K? HELL NO. This is just a job. Some days, it's a crappy job. You say you can't "imagine" another career? Time to become more imaginative. Seriously. Got a good laugh out of this! So true... However, if you can think of a job in science with as much stability and income as medicine, let me know. With the American economy sinking swiftly, there are fewer...
Quote: Originally Posted by AttyHubby Wow! Thanks so much for opening my eyes to what terrible people ALL lawyers are! ... defend doctors, defend hospitals, Thank you so much for opening my eyes to what a limited and scummy scope of work my profession has. so lawyers are good because they defend doctors and hospitals from other lawyers??? That's like saying guns are good because some homeowners use guns to protect themselves from...
Quote: Originally Posted by XRanger let's say you have a wife and she also works (well..at least I'm planning to marry someone who has a job). Let's say even if she makes $50,000/year, that turns out to be around $3000/month. And since you already paid for everything (mortgage, insurance, food, utilities, kids clothing), she can save all of it. So you guys end up with extra $5000/month. that seems doable I mean for engineer who...
Quote: Originally Posted by LiveUninhibited And it's better to be in 300k of debt than be a blood-sucking lawyer who is not necessary to society as we have too many of them and they subsist by destroying physicians' lives or getting scumbags off the hook. I also hate our legal system. I would hate myself and every minute of my working life as a lawyer, even if I was good at it and made a lot of money. Wow! Thanks so much for opening...
Quote: Originally Posted by jdwmont Hopefully a state school will become an option. I am actually 27, which makes these questions a bit more pressing. I made a career change and did a post-bacc that ate up my savings. No wife or kids, nor any chance of any appreciable inherintance. I am not naive enough to tell myself, "oh well, I guess I'll just do plastic surgery." DrRobert, I like your magic number theory. 300 is...
Chino brings up a good point, and I'd like to point out that I think most people have a skewed view of how much other graduate degree's end up paying people. All these people saying they could have gotten an MBA or whatever and be earning $300K+ are essentially the the same as the lay people who assume all Doctor's make $500K+. Some stats: http://en.wikipedia.org/wiki/Persona..._United_States...
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