I've noticed that there are extremely few blogs out there addressing what it takes to get out of debt quickly on graduation.
Like I said in a previous post, physicians and surgeons are notorious for being poor money managers. There's this myth that entering the pearly gates of medicine brings you all the wealth in the world.
But take me as an example: I'll be 26 when I graduate, with about $100,000 in debt. Due to low pay in residency, I'll earn only $45,000-$65,000 gross until I'm at least 31! That's standard, whether I become a family doctor or a neurosurgeon. Neurosurgeons earn these paltry amounts for between 7-10 years.
Talk about sacrificing our youth.
I'm dreaming of travel, living abroad, and being debt-free while still in my 20s. And I'm wondering whether any of that is still possible.
Thursday, November 25, 2010
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