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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (771951)	2/28/2014 9:43:32 AM
From: Brumar89	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1575087

Doctors are rich 1%ers and they're the enemy who is oppressing the massses. Ask Obama.

To: puborectalis who wrote (771951)	2/28/2014 11:10:29 AM
From: i-node	2 Recommendations Recommended By average joe TideGlider Read Replies (3) \| Respond to of 1575087

My daughter's best friend is a radiologist who is currently 33. She has just taken her first job. The initial offer she received was $350,000. First job. She declined that, saying she preferred to work part-time, so she ended up taking a part-time job for $150,000. First job, part time, 150K. I have a customer who is an OB/GYN, and on the first day she went into private practice in about 2000 we put in a billing/accounting accounting system for her. At the time, as a CPA involved with her situation, I was also privy to her corporate tax returns. She set up her office in the town where she went to high school, so she knew a good number of people there, but it is a small town with a reasonable number of competing OB/GYNs for the size of the town. Her first year she NETTED $650,000. Doctors have a ton of costs and make a lot of sacrifices to get where they are. They give up their 20s, which most of us simply wouldn't do at any price. Not all make this kind of money. But make no mistake -- if a physician doesn't get wealthy within ten years, it is likely by choice. As a CPA I've been intimately involved in the financial situations of a lot of physicians (and dentists, who also do well). I can't say it is true of every physician, but seldom have I seen one of retirement age who didn't have enough stashed away to make them "rich". I have known a number who lived extravagantly and were unable to save any money. But most are able to live out their lives as "1 percenters" even after retirement. So, let's not make out like doctor's aren't "rich". By any reasonable standard, as a group, physicians are rich. As they should be.