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Are Surgeons Rich

author
James Lee
• Tuesday, 08 December, 2020
• 9 min read

“The community doesn’t realize that, when it comes to running a private practice, the doctor has to pay the salaries of the people employed. “Healthcare in the US isn’t expensive because of physician incomes, and this has been proven over and over again by independent analysis.

surgeons
(Source: restorinternational.ca)

Contents

You could cut physician incomes to near zero, and it wouldn’t decrease the cost of healthcare to any appreciable degree. same can be said for highly paid for sports and entertainment stars. But we interact with people at all levels, every day, and that forces a comparison.”– Hematology Oncology.

Just wondering what you all think as a surgeon making a lot of money, would you retire as early as possible or stay in practice until you can't possible work anymore? I wouldn't assume such a person earned $300k every year -- salaries tend to rise with seniority, and 70s income was a little different from today.

If you live in a big house, have multiple children in college, or maybe have legal expenses, alimony, family health expenses, bad investments and the like, you may not be able to retire even assuming argued such a long term high income. Additionally, if you are the kind of person with the drive to be a neurosurgeon, you are very likely to become bored in retirement.

I wouldn't assume such a person earned $300k every year -- salaries tend to rise with seniority, and 70s income was a little different from today. If you live in a big house, have multiple children in college, or maybe have legal expenses, alimony, family health expenses, bad investments and the like, you may not be able to retire even assuming argued such a long term high income.

Additionally, if you are the kind of person with the drive to be a neurosurgeon, you are very likely to become bored in retirement. I wouldn't assume such a person earned $300k every year -- salaries tend to rise with seniority, and 70s income was a little different from today.

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(Source: desertmoonsdiary.blogspot.com)

If you live in a big house, have multiple children in college, or maybe have legal expenses, alimony, family health expenses, bad investments and the like, you may not be able to retire even assuming argued such a long term high income. Additionally, if you are the kind of person with the drive to be a neurosurgeon, you are very likely to become bored in retirement.

Maybe because they went into medicine for the purpose of making a difference in someone's life and not so much because of the money like others.... Maybe because they went into medicine for the purpose of making a difference in someone's life and not so much because of the money like others.... ^^ self-righteous posts such as this makes me want to vomit last night's vomit...

In other words, to put Ed's post another way, it's not so much altruism so much as the fact that money is meaningless if you have nothing to keep your mind stimulated and occupy your time. He tried retirement by buying a match and going around, and he found out very quickly he was bored and that it wasn't as fun as it sounded.

So don't assume that sitting in a lap of material luxury with nothing to do is the best kind of life. Additionally, there are football players making millions that go bankrupt.

Additionally, there are football players making millions that go bankrupt. Cue L2D “medicine is not a job it is a way of life and in no way can money be more than a minor motivator” blurb.

(Source: highlawoffice.com)

Rich is a vague term, surgeons have to sacrifice some precious years of their lives, i.e. if you're a med student from 24-28 then 28-33 you'll be doing your surgical residency i.e. busting your ass day in and day out (and making **** for money) and then maybe 32-36 learning a subspecialty... so you'll be 37 before the bills start rolling in and your youth, 20s, and most of your 30s will be gone...so my point is that those people really like what they do, and thus continue to do it for the rest of their career.... Rich is a vague term, surgeons have to sacrifice some precious years of their lives, i.e. if you're a med student from 24-28 then 28-33 you'll be doing your surgical residency i.e. busting your ass day in and day out (and making **** for money) and then maybe 32-36 learning a subspecialty... so you'll be 37 before the bills start rolling in and your youth, 20s, and most of your 30s will be gone...so my point is that those people really like what they do, and thus continue to do it for the rest of their career....

Yeah, I can't imagine choosing surgery if you are not the type who gets strung out on the scalpel (to use Gray's Anatomy's wonderful description). If you aren't deeply fulfilled by your 80-100 hour workweek, I doubt having a bunch of money to play with in your meager time off would really make up for that.

But if you weren't really into what you were doing with the majority of your waking hours I don't think these things could make up for that. If I choose surgery (on the assumption that I somehow manage to be brilliant over the next few years, which is currently unlikely, though I'm certainly trying) it will because it exhilarates me and I can't wait to be in the hospital with a scalpel in hand, not because I will make more every year than in another specialty.

If it's about the money I'd take ER, 200k for 36 hours a week. To say that as soon as you have money you should quit, start up a business, and sit around getting wealthier for the rest of your life rather than working at the career that you spent at least 11 years of education post-secondary pursuing is quite different, though.

Of course, I want to make enough to be comfortable, save up for a nice retirement, and send my kids to college, but I'm just not the type of person who you'll ever see driving around in a Benz. Besides, my fiancé is going to be making pretty good money, so I don't feel this need to be raking in the bucks.

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(Source: www.ocpbc.com)

I chose medicine because I think it will be fulfilling, and I won't spend the rest of my working years forcing myself to get out of bed every morning to go to a job I hate. If anything, I would say I care much more about the respect doctors get than the money they make.

Of course, I want to make enough to be comfortable, save up for a nice retirement, and send my kids to college, but I'm just not the type of person who you'll ever see driving around in a Benz. Besides, my fiancé is going to be making pretty good money, so I don't feel this need to be raking in the bucks.

I chose medicine because I think it will be fulfilling, and I won't spend the rest of my working years forcing myself to get out of bed every morning to go to a job I hate. If anything, I would say I care much more about the respect doctors get than the money they make.

I can honestly say that even though there are millionaires (where I grew up) that were rich from business ownership and others that were rich from being doctors, it's the doctors that got more respect because of their higher level of education. While these aren't the reasons I'm going into medicine and its more about doing something I want to do that I could see myself doing for the rest of my life, I can honestly tell you that most others I know from where I come from and also among the desk community around where I currently live feel that educational levels are more important than the wealth you garner from medicine making it the more respected field of the two.

If you're a doctor like Dr. Christian Troy, who needs money? All you need is enough to buy someone a drink, a nice car, and a few good suits.

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(Source: www.rossdales.com)

Getting divorced costs a lot of money... and as a surgeon with an 80-100 hours week you go through that at least once, if not even more. Other than from Sacrament (and from my humble and unassuming blog, of course) you will not get better advice on what it all means and how it works.

I think some of them should take a break and travel around the world or something and enjoy the rest of their lives without working. Maybe they find the idea of sitting at home and watching Monte and playing bingo or golf to be BO-RING, when they could be in the OR.

Other than from Sacrament (and from my humble and unassuming blog, of course) you will not get better advice on what it all means and how it works. L2D seems to be a real smart person with strong opinions, which some people are mistaking for fact.

L2D seems to be a real smart person with strong opinions, which some people are mistaking for fact. I'll 3rd or 4th the sentiment that Law2Doc is an annoying, pompous, arrogant poster that thinks he/she knows everything.

While I don't dislike her/him enough to “hate,” I'll just say he/she is the only poster on these boards that stands out in this way in my eyes---besides trolls. Of course, one would expect a/a lawyer/attorney to have such a brilliant thinking process and writing style.

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(Source: newsroom.clevelandclinic.org)

Of course, one would expect a/a lawyer/attorney to have such a brilliant thinking process and writing style. You just fueled the ego. I'm not disputing he/she writes well, but the demeanor and attitude behind his/her words is very irritating and abrasive.

Of course, one would expect a/a lawyer/attorney to have such a brilliant thinking process and writing style. I think law2doc is male, and I enjoy reading his posts because he probably gives the best advice on these forums.

I think law2doc is male, and I enjoy reading his posts because he probably gives the best advice on these forums. I'd agree w/that. Not to mention the wisdom of age & experience.

Of course, I want to make enough to be comfortable, save up for a nice retirement, and send my kids to college, but I'm just not the type of person who you'll ever see driving around in a Benz. Besides, my fiancé is going to be making pretty good money, so I don't feel this need to be raking in the bucks.

I chose medicine because I think it will be fulfilling, and I won't spend the rest of my working years forcing myself to get out of bed every morning to go to a job I hate. If anything, I would say I care much more about the respect doctors get than the money they make.

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(Source: www.g2orthopedics.com)

Enough money to be comfortable: 60k/year Save up for a nice retirement: 20k/year Sending kids to college: 40k/kid A fiancé who is going to bring home the bacon: priceless There are some things' money can't buy, for everything else, there's MasterCard. Also, I knew u didn't want to get a Benz... I could tell that your much more into BMWs I was looking at profiles of neurosurgeons at some random hospital on the internet and I noticed that some doctors have been in practice since early 1970s.ok so if they have been making around $300,000 a year since 1970s, they should have made way over $10 million by now.

-neurosurgeons have a shorter professional life due to eventual loss of required fine motor skills. -it takes a hefty amount of money to have a secure retirement.

Many docs are poorly educated about planning for retirement and have to work longer than they probably needed to if they had better financial savvy. -there is a strong keep up with the joneses' mentality in the upper middle class, and docs are among the worst, from what I've seen.

-neurosurgeons have a shorter professional life due to eventual loss of required fine motor skills. -it takes a hefty amount of money to have a secure retirement.

Many docs are poorly educated about planning for retirement and have to work longer than they probably needed to if they had better financial savvy. -there is a strong keep up with the joneses' mentality in the upper middle class, and docs are among the worst, from what I've seen.

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(Source: www.pinterest.com)

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