I am 22 applying to med school. I also want to retire early. Is it dumb to invest in med school but want to retire by 50? I do want to have one child and I am a woman so obviously I would take off for a year or two but 20 years working isn’t dumb despite the 8 year education and 4 yr residency, right?
Potential loan total would be 200k if I get into my state uni.
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definitely go into med school if you want to work for the rest of your life
>I am a woman
First, you have to ask yourself "Am I LARPing?"
Then, you have to followup and ask yourself if you're in it for the money or for the actual work+lifestyle.
There are better options for making money these days.
For comparison, retiring in your 40s in software engineering is basically a given for a normal stint in the industry where you are prioritizing money.
You can be a millionaire in your 30s from SWE, with no high risk investments, because you can start as young as 18 (self study) or at least early 20s with a BS. Starting early + low/no debt is a huge advantage over medicine.
Also take into account things like "how do I work from home as a doctor?" I'm sure there's some medical doctors doing that, but most are showing up to their hospital or practice, especially if they are actively working on or examining someone's body
>I want to retire early so I chose a degree that takes 12 years to even get started in the field
>Retire by 50 is early
Jesus fuck user, you could work at a gas station, live with your parents and put all your money into Crypto and Stonks and have enough to retire when you're 30, but instead you will be $200k in debt and not be able to really save until you're 40 where the oppurtunity is massively reduced because of how interest compounds the 20 year old with no debt will end up far outcompeting you financially despite your wages since you don't get rich renting your time out in that manner.
>I am a woman
Well there is your problem.
>I want one child
You will need to do so while you're still in school which will make studies difficult and you'll need to bet on a man who has barely even begun his life.
There are 3 things you can work on in life, Self, Love, and Money. You can only do 2 at a time. You want a career? Why? For money or because you enjoy the work. These are decisions that are difficult to make when you've never done anything, but unfortunately ones you have to make. Your best bet would just be to marry a rich man and then do what you want with your life.
> I am a woman
Serious question, why do women always feel a need to tell us that they are women on an anonymous board? Also, why is it only women in crypto who post selfies and actual real life photos of themselves on twitter?
Is it all attention seeking, if so, are u as a collective all that severely mentally ill?
Thanks,
t.man
Healthcare consultant here. If you want a job in big Pharma that pays $175K/year, all you need is a 4 year pharmacy degree (pharmacist license - MPH) + MBA. Companies now are searching for people with scientific and business acumen.
Generics companies are eating up more and more market share from big Pharma, and big Pharma is dumping boatloads of money into discovering/incubating new innovative drugs and pipeline to counter this (because generics only in-license old drugs), so they want a business savvy pharmacist to lead them to new money.
Eli Lilly, Novartis, Merck, etc are all fighting over talent that have both. Eli Lilly will wait at your MBA graduation ceremony to recruit you at the door for fuck sake.
It’s cheaper than spending 8+ years in Med school just to work at some shit hospital and make no difference. You’ll make more connections in the corporate world anyway - and actually make a bigger impact to patients in the grand scheme of things.
>Become Big Pharma corporate monkey instead of working in hospital
Again decide why you're doing any of this, if it is to have money you're a dumb fucking retard since there are many other easier ways to have infinite money without selling your soul the Dr. Shekelberg and his cronies.
Can you share some of these ways?
There are much worse programs to take on 200k of debt for. But find out if your loans will start compounding interest immediately, or after graduation. If so, beware
Med school students are also some of the most mentally broken, depressed, suicidal people out there. If you can’t imagine associating with this crowd or could see yourself becoming a part of it yourself, pick a different path.
show your titties
A PharmD/MPH is 5 years. With a MBA that’s 6. Why collect so many degrees for 1 job?
Med school plus residency is 9 years and with a good specialty, you can make 250k+
Which sounds better to u, honestly?
The only reason I care about money so much is because I don’t want to work for my whole life and I want to be proud of myself for achieving something difficult.
Do all women make a point and then rub it in with a snarky question?
Pride will be the death of you
The most difficult and meaningful thing you will ever achieve is raising your children and having a family, but women seem to have forgotten the joy of life.
Having a job that makes half as much with less time investment will result in much more money over the course of your life since it will begin compounding earlier, and you won't have as much debts. And it will be less stressful not requiring enormous amounts of work, someone making $250k a year in a hospital is doing a lot more than 40hours of work in a week and it spills into every aspect of your life. How you expect to be involved in a 4 year olds life while you're working a high stress position is a pipedream and that intelligent women are doing this bullshit instead of having and caring for their children is partially why society is so dysgenic. You will need a nanny, but who cares since you make so much money. That kid doesn't matter.
Get a MBA and go into banking/consulting if you just want to stack, faster and simpler
>t 30yo boomer MBA in fintech, 170k annual 20% bonus target
> applying to med school
AHAHAHAHAHAHHAHAHAH
HAHAHAHHAHAHAHAHHAHAH
AHHAHAHAHAHHAHAHAHAH
youtube.com
Watch this 10 times in a row. Get back when you get smarter. Med-s are gonna be top-tier wagie-cagie soon.
There is only one thing more miserable in an hospital than a male doctor and it's a female doctor. I don't think I know a woman doc at the hospital that isn't a bitter hag by the time she reaches 45.
Back when I was a student and even resident the bipolar among seniors were at 80% women.
Otherwise going into med school to make money is always a terrible idea, it's just not worth it.
If I was a young woman I would rather try to marry a med student.
Great question.
My advice would be to think out of the box on that. What do you define as difficult? “Salary” can be a byproduct of your aptitude and qualifications - it will come naturally with whichever route you take.
However there a plenty of doctors already. The people who are impacting healthcare on a high level are people who went a different path - doctors/pharmacists who went in-house to big Pharma or to strategic consulting.
They look past the relatively few patients they would see at a hospital or private practice and take that knowledge to help a big group of patients with unmet needs. They advise huge organizations on how to use their vast resources to penetrate a new therapeutic area.
You may be working for a company or firm, but hey, you can always dump your excess cash flow into shitcoins to make it if you wanted. Up to you.
if you're into math i'd recommend learning to code instead but since you're 22 it's probably too late to get a degree which is super helpful for actually getting a job, especially since lately on this board a bunch of CSfags have been crying about not being able to get a job
graduated with no debt and a sick ass job, shit is cash
>t. 300k/y, faang
>want to retire by 50
That's great, because you're going to be "retiring" by the age of 35 and working part time in Walmart
>you could work at a gas station, live with your parents and put all your money into Crypto and Stonks and have enough to retire when you're 3
>being this delusional
7+ years and massive debt?
i-
hicks really think like this
Don't forget medical practice insurance which is about 100k a year and taxes
I’ll look into the possibility.
I hate math and programming. Seems ver dry and boring. I’ve always preferred social sciences and biological sciences but thanks for the recommendation.
You’re never too old to go back to school btw
>You’re never too old to go back to school btw
i disagree, this is a meme unless you got a degree initially that was cheap and total shit and you can get a cheap degree for CS, etc. especially in cs if you're good and can self-study and grind you don't necessarily need a degree but it's much harder
i went to school for free thanks to growing up poor so i can't really relate
But what does that have to do with age?
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>these exist
>school is worthwhile for CS
4 years of CS does not teach you any of the relevant skills needed to actually be involved with pioneering technological innovation.
If you want to get into medical school, you should say that you're a tranny. That's more important than doing well on the MCAT.
i imagine you have much less access to scholarships and need based finaid if you're entering undergrad after few years of working/being in industry
i'm not saying this is absolute. it is much better to get another degree if you want in your 20s/30s than when you're 50+ (i'd argue it's retarded to go to college past this age unless you're rich or just want to learn and pass time in some other hobby)
Depends entirely on your specialty.
I work in physician staffing. I met tons of doctors who went 450k into debt just to make 160-180k/year in family med or primary care and barely keep their heads above water. They’ll be working well into their 60’s
If you do any cutting like in cardio-thoracic, ENT, uro, gs, etc then you should be fine. Finding a job that pays 450k+/year (some cardio-thoracics I work with make 1 mil+) will be easy. Many of them are retiring super early.
But are you willing to work for it? PC and family med is the easy way out with 3 years of residency. You may as we just go to PA school and make slightly less but for half the schooling/training. But for those cutting jobs specialties I talked about, you're looking at a brutal and very competitive residency field (lasting 5-7 years) with an even more cutthroat fellowship training (1-2 years) after that. So assuming you manage to get into med school at 24, you aren’t seeing any good money until your mid to late 30s. Your cutting residencies will pay just enough to survive—something like 45-55k/year. And god knows what kind of interest will have accrued on your loans by the time you can try paying them off
i mean yeah, but i think my degree helped me understand deeper concepts in CS that overall made me a better engineer. sure i didn't have more project-based classes until junior year but by that time i had a good understanding of how a computer works, how algorithms work, how to prove correctness, etc.
though i agree, you can def become competent and get a job with just free resources, i just think it's harder unless you're really motivated. you can find all the stuff i mentioned anyway online for free too, MIT and Stanford have free online classes as do many top tier schools
also on my first point, it's much harder to get into 'good' undergrad programs if you're older, and those are typically the ones with more money to give for finaid. you could go to a state school/CC for another degree, but imo what's the point if your degree won't give you much more pull for getting interviews, at the end of the day if your school isn't impressive you need to be impressive with side-projects, experience, etc.
Based
If I was to go for a second Bachelors at my old school, it wouldn’t be expensive because the school was never that expensive to begin with... stop discouraging ppl from going to school in adulthood
Honestly I know nothing about CS. I thought people could get decent jobs in it with a degree from anywhere, even without a degree supposedly. If there’s such a barrier to entry, why bring it up in the first place?
Anyway
Why are people 450k in debt wtfff
The universities around here are like 250k max
I would never go into family medicine. If I did, I would become a PA. I want to be a derm though.
>delusional
The idea that you need $200k a year to sustain yourself is ludicrous and anti-zen pilled.
With 10k chainlink you will have plenty of money to never work a day in your life and is easy to have accumulated if you browsed this board daily and worked at Mcdonalds putting your money into crypto over the last 3 years.
Now consider doing this for 7 years and you easily have plenty of money for a family, house, car, and pleasure. Abstract numbers like future earnings are irrelevant as the economy will be vastly different then anyway.
>If I was to go for a second Bachelors at my old school, it wouldn’t be expensive because the school was never that expensive to begin with.
if your school is this cheap you should check with their office to see what the hiring rate is for different degrees and if people actually go to good/well-paying companies. like i said, the worse your qualifications (school that granted the degree included) the harder you have to grind to show you're worth it to employers vs ivy league+ CS new grads who may very well have successful side-projects too
>stop discouraging ppl from going to school in adulthood
nigga you're trying to pick up 200k in debt for a field you might not even end up pursuing lmao (as in shit happens, there's no guarantee you finish med school and have a healthy life that enables you to work as a doctor to pay that debt off and save), you tell me what's more destructive to suggest for the average biztard
>I thought people could get decent jobs in it with a degree from anywhere, even without a degree supposedly
read biz as of late, there are tons of retards bitching about not getting hired. i'm guessing the pandemic made all these start-ups and bigger companies running on less runway than needed for a crisis got fucked and had to lay off tons of folks, and now hiring is fucked across the board
the barrier to entry is probably temporary for now given covid
>Why are people 450k in debt wtfff
Because they take out 6 figure loans and let interest accrue for 10 years