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"Novel look at Physician Income"


FMX

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yes because UPS drivers are the high class citizens of society. Mind you I am not going into medicine for the money, but these kind of study's are just dumb. Doctors who manage their money properly will be out of debt for a longer period of their lifespan than UPS workers, and will be in a higher level of living.

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Although I'm not going anywhere near FP due to the drama that's surrounding it, and the relatively poor remuneration compared to other specialties (I see pay as a relative indicator of irreplaceability in society), I must say that wealth in and of itself is not totally dependent on active income. If anything, active income should be the last thing on one's mind when desiring wealth accumulation.

 

What people need to seek if they want to be "wealthy" is passive streams of income. In other words, you sit back and collect money from other people's hard work. Unlike active income, which is limited by the amount of time you can actually work, passive income is limited only by the potential earning sources present on Earth, which needless to say is astronomically large.

 

So, nobody will get rich by being a doctor, in any specialty, unless they use their money to generate passive income streams. Otherwise, the most one can hope for is upper-middle class.

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This is the general salary for FP or EM type docs I'm guessing as the author of the article is a EM doc.

 

And of course for those of you that say money is not a primary motivating factor, I believe you. But to say that it isn't a factor at all, you would all be lying or just too naive to know it yet.

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You start at 40K? As a teacher, I'd start at 57K... I figured it out and if I specialized, I'd -lose- nearly a million dollars of income by the time I'm done training and paying back debt if instead I was a teacher.

 

Good thing money isn't a primary motivation.

 

WHOA....why do you start so high? Do you have a M.Ed? Most of my friends who are in Teacher's College say you start at MOST 40k.

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Can someone please explain how this article is flawed?

 

I must apologize for jones trying to speak on my behalf as to why the article is flawed as he just pulled that stupid statement out of his @$$.

 

The main thing I found flawed was the fact that you could get a UPS job right out of hs

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If you're a level 5 (you have a 4 year degree + honours + B.Ed.) you start at the same level as someone who has a 3 year degree + B.Ed. + M.Ed.

 

Someone explained it to me once, but they consider a 4 year degree different than a 3 year degree, so I'd make more coming out of the gate, but it'd be more difficult finding a job because well, no one wants to pay that much for a fresh teacher when they can get someone who is a level 4 (3 year degree + B.Ed).

 

And wage depends on division (and province). 57K starting as a Level 5 is pretty rural. You'd be lucky to get 50K in a urban school.

 

There are still places that give 3 year degrees? At my university (ex-university shall I say...*look of distaste*), everyone needs a 4 year degree to graduate.

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I really feel that we should not be in medicine for the money. My father is a physician that makes over a million dollars a year, but he gives almost all of it away. Focus on the knowledge you will gain and helping others.

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I really feel that we should not be in medicine for the money. My father is a physician that makes over a million dollars a year, but he gives almost all of it away. Focus on the knowledge you will gain and helping others.

 

I am sorry I couldn't resist. At least he gives almost all of it (the 1 million dollars of course) away. let me guess... he saves 10 dollars to support himself and your family. Give me a break...;)

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I am sorry I couldn't resist. At least he gives almost all of it (the 1 million dollars of course) away. let me guess... he saves 10 dollars to support himself and your family. Give me a break...;)

 

I second the smell of BS. The only physicians that make a million bucks are the ones in the crazy specialties.. The only Doc I could find in the blue book of physician salaries (BC) that made over 1 million was a laser/plastic surgeon or something.

 

If your dad really wanted to make a difference why not join MSF? or go into one of the lower paying specialties to "really" make a difference?

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