I know a 33 YO engineer with a networth of 300K thinking about going back to med
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Date: January 19th, 2018 2:36 PM Author: Demanding cumskin death wish
Seems chill to me.
If he plays his cards right, he can get instate tuition somewhere, come out in 7 years with minimal debt making $350k a year.
(http://www.autoadmit.com/thread.php?thread_id=3864645&forum_id=2#35190366) |
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Date: January 19th, 2018 2:47 PM Author: Demanding cumskin death wish
UTexas med school = $20k/ year.
4 years = $80,000
Texas cost of living will drain $30k/year from his pot.
He should earn about 7% a year from his pot.
So--
At end of year 1: $300k - $20k - $30k + $21k = $271,000 left.
At end of year 2: $271k - $20k - $30k + $19k = $250,000 left.
At end of year 3: $250k - $20k - $30k + $17k = $219,000 left.
At end of year 4: $219k - $20k - $30k + $15k = $184,000 left.
So, when he finished med school, he will still h ave $180k in the bank and an MD. Will be able to cover cost of living the next 4 years while doing internship / residency with his salary, while his nut grows.
AT the end of 8 years = back up to $241k with 7% a year gains. And he's making $350k a year.
(http://www.autoadmit.com/thread.php?thread_id=3864645&forum_id=2#35190451) |
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Date: January 19th, 2018 2:53 PM Author: Demanding cumskin death wish
East Carolina University Brody School of Medicine Annual tuition: $18,159 (in-state)
University of New Mexico School of Medicine Annual tuition: $15,798 (in-state)
Baylor College of Medicine Annual tuition: $19,650 (in-state)
Texas A&M College of Medicine Annual tuition: $13,790 (in-state)
Texas Tech University Health Sciences Center School of Medicine Annual tuition: $15,016 (in-state)
University of Central Florida College of Medicine Annual tuition: $25,491 (in-state)
University of Texas Southwestern Medical Center Annual tuition: $18,493 (in-state)
University of Texas Health Science Center at ​San Antonio Annual tuition: $14,500 (in-state)
University of North Texas Health Science Center Annual tuition: $13,078 (in-state)''
University of Nevada, Reno School of Medicine Annual tuition: $26,114 (in-state)
University of North Carolina at Chapel Hill School of Medicine Annual tuition: $24,837 (in-state)
The University of Texas Health Science Center at Houston Annual tuition: $15,525 (in-state)
University of Alabama at ​Birmingham (UAB) School of Medicine Annual tuition: $26,778 (in-state)
University of Oklahoma College of Medicine Annual tuition: $24,030 (in-state)
(http://www.autoadmit.com/thread.php?thread_id=3864645&forum_id=2#35190484)
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Date: January 19th, 2018 3:05 PM Author: Bat-shit-crazy yarmulke forum
To be fair, all professional school (MD, law, dental, pharm) is a huge ripoff now
I'd never want my kids to do any of these
Just do tech at a top tech program and become multi millionaire by 30 with insane stock options
(http://www.autoadmit.com/thread.php?thread_id=3864645&forum_id=2#35190588) |
Date: January 19th, 2018 2:55 PM Author: Bat-shit-crazy yarmulke forum
Sounds like he hates working and just wants to stay in school for awhile. I thought about doing something like this when I was in biglaw, and thought about MD because of the long schooling (which would be much better than biglaw), but then I realized it is financially retarded.
What he should be doing is investing in crypto, day trading and retire with millions or just find a fed gov jerb with pension.
(http://www.autoadmit.com/thread.php?thread_id=3864645&forum_id=2#35190500) |
Date: January 19th, 2018 3:00 PM Author: Bat-shit-crazy yarmulke forum
Also, I dunno how good he is as a software engineer, but I know in house lawyers who got like 1MM+ in stock from working inhouse at Amazon...I'm sure engineers can easily find tech companies with insane stock options.
If he is a good tech guy, and chooses big names to work for, he can easily accrue a multi million dollar NW by the time he is 40.
(http://www.autoadmit.com/thread.php?thread_id=3864645&forum_id=2#35190548) |
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