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Cops: No Snarky Nor Positive Title

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dxmnkd316 said:
Why the fuck would you ever need a second job as a doctor?
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Not all doctors make a lot of money...and I would bet the majority of them have student debt that is high as heck.

Everyone assumes doctors make insane salaries across the board but unless you are in private practice or specialize that is not always the case.
 
Handyman said:
Not all doctors make a lot of money...and I would bet the majority of them have student debt that is high as heck.

Everyone assumes doctors make insane salaries across the board but unless you are in private practice or specialize that is not always the case.
Click to expand...

I don't know any docs that are making under 200k a year. They exist but I don't know any. These are family docs and peds. Student debt is a lot, but it's not unmanageable.
 
Making $150k year should allow you to live a decent living (San Fran/NYC and a select few other places excluded) while still allowing you to put forward $20-25,000 year into your debt repayment... Unless you have some insane $200K number, you're gonna make a dent if you keep that up.

In related news, the couple of guys that wear MAGA/Dump hats at work have actually been complaining about "how expensive everything is" and are absolutely blaming Biden. So yea, the current admin needs to do at least some sort of damage control/counter measures on this one. Cause the Dumpies might influence someone who is in play if they ignore the issue that is relatable to EVERYONE.
 
Deutsche Gopher Fan said:
Same. Not sure docs who moonlight as cops need the money
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Probably better doctors than they are cops...

From what I saw the average med school grad owes near $250k. Residents make on average $62k a year which is pretty good but not when you have that kind of debt.

Here is an interesting article about the misconception.

I have read/heard other doctors say much the same thing. It can take a long time to get on your feet depending where you work and the cost of living in the town you work in.
 
Handyman said:
Probably better doctors than they are cops...

From what I saw the average med school grad owes near $250k. Residents make on average $62k a year which is pretty good but not when you have that kind of debt.

Here is an interesting article about the misconception.

I have read/heard other doctors say much the same thing. It can take a long time to get on your feet depending where you work and the cost of living in the town you work in.
Click to expand...

I’m well aware- I work with a ton of docs and have some in my family. Residents don’t have a lot of time for a second job.
I doubt this is a huge amount of docs and could be an incel who can’t punish women enough during the day so he pulls some cop shifts at night . I mean it’s not like part time cop pays a ton, at least I doubt it.
 
Handyman said:
Probably better doctors than they are cops...

From what I saw the average med school grad owes near $250k. Residents make on average $62k a year which is pretty good but not when you have that kind of debt.

Here is an interesting article about the misconception.

I have read/heard other doctors say much the same thing. It can take a long time to get on your feet depending where you work and the cost of living in the town you work in.
Click to expand...

Residency lasts a couple years. And you're almost always on an income-based repayment plan during that time. So your actual payments are not that bad. Once you get past residency, your income jumps wildly (and of course, so do your student loan payments).

Hell, I know a doc who makes several flights a year, him, his wife, and two children. They have a new house, two new cars. Only one of them works. Again, non-specialist pediatrician working at a local clinic in the burbs IIRC. He's only a few years out of residency.

Not saying it's a guarantee, but I don't think it's outside the norm at all.
 
A few things. I know many, many docs that make under 200k/year. Many make more. Generally, loans are either there or not. For 1 person, it is usually 200-400K depending on undergrad. I know couples who have 600-800K in student loans. The ones who are lucky have their parents pay for it. Also remember, most docs spend their 20s and early 30s with basically no retirement savings. This puts people in a huge hole (the most powerful savings are in your 20s), plus there are the lifestyle inflation pressures because of the assumptions most are making that doctors are "rich." So, on average, doctors tend to make worse financial decisions and spend too much. 25% of doctors do not have 1 million in assets at retirement age, which given their salary, is really unthinkable. I work on resident financial education and can tell you from experience, doctors on the whole know very very little about finances.


Many residents moonlight. I did. If you are lucky, you can moonlight as a physician, but I know others who would work security, work at the gym, door dash, uber, etc. The non-physician jobs can help get around duty hour limitations (not that I agree with that). I do not know a single physician working as a cop.
 
WisconsinWildcard said:
A few things. I know many, many docs that make under 200k/year. Many make more. Generally, loans are either there or not. For 1 person, it is usually 200-400K depending on undergrad. I know couples who have 600-800K in student loans. The ones who are lucky have their parents pay for it. Also remember, most docs spend their 20s and early 30s with basically no retirement savings. This puts people in a huge hole (the most powerful savings are in your 20s), plus there are the lifestyle inflation pressures because of the assumptions most are making that doctors are "rich." So, on average, doctors tend to make worse financial decisions and spend too much. 25% of doctors do not have 1 million in assets at retirement age, which given their salary, is really unthinkable. I work on resident financial education and can tell you from experience, doctors on the whole know very very little about finances.


Many residents moonlight. I did. If you are lucky, you can moonlight as a physician, but I know others who would work security, work at the gym, door dash, uber, etc. The non-physician jobs can help get around duty hour limitations (not that I agree with that). I do not know a single physician working as a cop.
Click to expand...

Thanks for weighing in. Figured it was only a matter of time and was hoping to get your take.
 
WisconsinWildcard said:
A few things. I know many, many docs that make under 200k/year. Many make more. Generally, loans are either there or not. For 1 person, it is usually 200-400K depending on undergrad. I know couples who have 600-800K in student loans. The ones who are lucky have their parents pay for it. Also remember, most docs spend their 20s and early 30s with basically no retirement savings. This puts people in a huge hole (the most powerful savings are in your 20s), plus there are the lifestyle inflation pressures because of the assumptions most are making that doctors are "rich." So, on average, doctors tend to make worse financial decisions and spend too much. 25% of doctors do not have 1 million in assets at retirement age, which given their salary, is really unthinkable. I work on resident financial education and can tell you from experience, doctors on the whole know very very little about finances.


Many residents moonlight. I did. If you are lucky, you can moonlight as a physician, but I know others who would work security, work at the gym, door dash, uber, etc. The non-physician jobs can help get around duty hour limitations (not that I agree with that). I do not know a single physician working as a cop.
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I was about to post this (minus the first-hand experience, obviously). I don't know if an average hospitalist makes crazy money as well.


And how do residents have time to do much of anything? I thought they worked you guys 24/7? :-)
 
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