[Dr. G]

We have no doctors in heree??

[AmericanInToronto]

Originally Posted by Dr. G

We have no doctors in heree??

Doctors own Porsches, Bentleys, Range Rovers and more.

A 3-series is a poor man's car!

[BRAISKI]

Originally Posted by achien

What do you do for a living? that is not important...

the important part is I pay enough taxes to support two (2) families of four (4).

Then this thread is not for you

No one is forcing you to answer it. If you want a place to say that, then you can always make a thread called "can you support your "family/ies" or yourself"

Some ppl here can't cause some are students.

[AmericanInToronto]

Originally Posted by jim.e.

Agreed! I'm 25 now and working as a PM (not licensed yet - been approved to write the PMP examination by PMI). I can see myself cracking 80k easily by next year if I get licensed and push hard for it.

Before it I was working in a similar role as Silvermist in Tech Support only making probably ~40k...it sucked. Moved to a PM role and now I'm comfortable with far more room to progress further.

And then you'll be like me...34yrs old and bitter because as a PM every problem is mine and i have to fight....no...i mean "manage" everyone!

Just kidding...it's not all that bad.

[Dr. G]

Originally Posted by AmericanInToronto

Doctors own Porsches, Bentleys, Range Rovers and more.

A 3-series is a poor man's car!

Well in that case I can't wait to graduate haha.

[AmericanInToronto]

Originally Posted by Dr. G

Well in that case I can't wait to graduate haha.

well....you'll be poor through residency. It's once you are working as a staff physician that the mega bucks kick in!

[itrocks4u]

Originally Posted by hpannu

Chartered Accountant and midway through my CFA exams.

Working at a big4 accounting firm

Same! minus the CFA part.

[jim.e.]

Originally Posted by AmericanInToronto

And then you'll be like me...34yrs old and bitter because as a PM every problem is mine and i have to fight....no...i mean "manage" everyone!

Just kidding...it's not all that bad.

hahaha I think I've already hit the bitter part. I'm the senior PM right now in the company (although not salary wise ) and I deal directly with the other peoples fuck ups...err...I mean mistakes.

[sheerin]

paramedic

[JulieDriving]

Originally Posted by Dr. G

We have no doctors in heree??

There's doctors here (I'm one). I think there's a few more over in the M3 forum though.

Since most of us graduate and start making money later (usually after residency), and have debts to pay (unless someone else paid for your schooling), we're not all that far ahead... Compound interest will not have as much time to take effect...

A lot of doctors do think they're rich though, and spend a lot of money...

[brett_duenas]

Been in the military since I was 17.... 8yrs this month

[Dr. G]

Originally Posted by AmericanInToronto

well....you'll be poor through residency. It's once you are working as a staff physician that the mega bucks kick in!

Yeah, I'm not looking forward to the pay or hours of residency, but I guess making 50-60k for a couple years with minimal expenses won't be too bad... day trading is where it's at anyway

Originally Posted by JulieDriving

There's doctors here (I'm one). I think there's a few more over in the M3 forum though.

Since most of us graduate and start making money later (usually after residency), and have debts to pay (unless someone else paid for your schooling), we're not all that far ahead... Compound interest will not have as much time to take effect...

A lot of doctors do think they're rich though, and spend a lot of money...

Haha, I actually read an article how doctors have the least amount of savings for the amount of income they make due to higher expenses and ridiculous spending/living standards.

It does suck not making any decent money until your late 20's, I know a lot of people in their mid 20's already earning some nice cash and living pretty lavish lifestyles.... but it's not the money we were after anyway... right?

Debt is another story on it's own... I paid international student tuition fees... and rotating in Chicago I will be paying extra for my rotations as well.... easily over 100k a year in schooling expenses so that doesn't help out my overall situation either.

I'm guessing you've completed residency and are a practicing physician? If you don't mind me asking what did you end up specializing in?

[DDS2015]

Dental student

[jim.e.]

Originally Posted by Dr. G

Yeah, I'm not looking forward to the pay or hours of residency, but I guess making 50-60k for a couple years with minimal expenses won't be too bad... day trading is where it's at anyway



Haha, I actually read an article how doctors have the least amount of savings for the amount of income they make due to higher expenses and ridiculous spending/living standards.

It does suck not making any decent money until your late 20's, I know a lot of people in their mid 20's already earning some nice cash and living pretty lavish lifestyles.... but it's not the money we were after anyway... right?

Debt is another story on it's own... I paid international student tuition fees... and rotating in Chicago I will be paying extra for my rotations as well.... easily over 100k a year in schooling expenses so that doesn't help out my overall situation either.

I'm guessing you've completed residency and are a practicing physician? If you don't mind me asking what did you end up specializing in?

nice! I have a few friends in Chicago doing rotations right now - it's like highschool all over again for them lol

[AmericanInToronto]

Originally Posted by jim.e.

hahaha I think I've already hit the bitter part. I'm the senior PM right now in the company (although not salary wise ) and I deal directly with the other peoples fuck ups...err...I mean mistakes.

Look at me: 730pm and going strong!. Friday's also booked till 6pm.

PMs make it all come together!!!

[AmericanInToronto]

Originally Posted by JulieDriving

Since most of us graduate and start making money later (usually after residency), and have debts to pay (unless someone else paid for your schooling), we're not all that far ahead... Compound interest will not have as much time to take effect...

I thought the medical student debt in Canada wasn't as much? In the US, they rack up 200-250k EASILY!

[jim.e.]

Originally Posted by AmericanInToronto

Look at me: 730pm and going strong!. Friday's also booked till 6pm.

PMs make it all come together!!!

Lol dude, I just got rid of my last email. This project is a fuckin bust! I'm going on vacay though last week of November haven't seen a day off in a year.

Friday's I'm a ghost. My company doesn't even bother after 5pm on Friday

[JulieDriving]

Originally Posted by Dr. G

Haha, I actually read an article how doctors have the least amount of savings for the amount of income they make due to higher expenses and ridiculous spending/living standards.

Yup, that's what I heard too.

I'm apparently not very spend-y, according to my financial advisor (whose clients are just doctors). Huh?? I thought I wasted a lot of my money! Heck, I bought a 335i when I could have kept driving my dependable TSX to the ground. But I forgive myself, I'm a girl who likes cars. But she said "No.... most doctors spend a lot more than you...."

Originally Posted by Dr. G

I'm guessing you've completed residency and are a practicing physician? If you don't mind me asking what did you end up specializing in?

Public health medicine: Communicable disease control, environmental health, and the other half of my job is management. I also do a little teaching as part-time faculty.

So, what year are you in medicine? Do you have an idea what you'd like to do later? You're doing rotations in Chicago? That's cool, I heard Chicago's a great place, it's good to get varied experience.

Best of luck in your studies!

Originally Posted by AmericanInToronto

I thought the medical student debt in Canada wasn't as much? In the US, they rack up 200-250k EASILY!

No, it's not as bad, but it can run 6 figures. But once you graduate, yes, you can slay that debt pretty quick.... as long as you don't start buying very expensive houses and cars and whatnot right away....

[AmericanInToronto]

Originally Posted by JulieDriving

No, it's not as bad, but it can run 6 figures. But once you graduate, yes, you can slay that debt pretty quick.... as long as you don't start buying very expensive houses and cars and whatnot right away....

Most doctors are "incestuous"....they marry their own kind And then with $1M household income (once you specialize)....it's a little bit hard not to buy that house on Bayview and the cottage and the toys. And you're right: my landlord who is a hotshot mortgage broker himself says his doctor clients are the ones with less cash flow than his other clients with a household income of $100,000. Go figure.

But I know that they're in school till 30 or more....that's the toughest part for me.

[RobSquared]

Another Iron Ring here...UofT Civ 9T6

[BRAISKI]

Anyone travel for work?

[Saturns]

Income Bracket Marginal Tax Rate
$0 – $10,320 0.00%
$10,321 – $12,269 15.50%
$12,270 – $15,658 27.60%
$15,659 – $36,848 21.55%
$36,849 – $40,726 24.65%
$40,727 – $64,881 31.15%
$64,882 – $73,698 32.98%
$73,699 – $76,442 35.39%
$76,443 – $81,452 39.41%
$81,453 – $126,264 43.41%
$126,265 + 46.41%

Everyone above 126,265+ pays the most tax.
The trick is to have more "liquid cash" flow and at the lowest tax bracket.

I'm a lowly programmer by paper ... if you can even consider playing with with menus and configuration programming.

I bought my car usings the proceeds of flipping a few properties short term.

Originally Posted by AmericanInToronto

Most doctors are "incestuous"....they marry their own kind And then with $1M household income (once you specialize)....it's a little bit hard not to buy that house on Bayview and the cottage and the toys. And you're right: my landlord who is a hotshot mortgage broker himself says his doctor clients are the ones with less cash flow than his other clients with a household income of $100,000. Go figure.

But I know that they're in school till 30 or more....that's the toughest part for me.