Author Topic: Cant share this with high consumption friends  (Read 6837 times)

Derrian

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Cant share this with high consumption friends
« on: August 31, 2016, 09:00:22 AM »
I live in a high cost of livi area with friends and family who live a high debt high consumption lifestyle. Given that, I don't really have a place to share some things that have happened so here it goes.

Last year I switched to a better school district (I was a teacher) for a 33% pay increase and a shorter school day. This led to maxing out my 403b and 457 accounts along with my pension deductions. All told, I sent away 48k to tax advantages accounts. The downside was that I absolutely hated where I was working.

Any rate, summer came along and I ended up working on a few teaching / curriculum side hustles that have netted just under 20k. Not bad considering most of the projects were for fun. My latest side hustle was for a district office that was impressed with my work and offered me a full time position. The position is perfect both for my career, has a strong office culture, and comes with a 12% salary bump.

Now, while things are going really well with my career, I have always wanted to be a doctor. In a few years I plan on applying to medical schools in a low tuition state. After this next year, I will have saved enough to pay for it completely out of pocket without student loans. In three years, when I plan on applying, I will be able to pay for it out of pocket and have around 200k saved for retirement. I have been feeling pretty good about this but I can't really share it with others...

CoreyTheMan

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Re: Cant share this with high consumption friends
« Reply #1 on: August 31, 2016, 09:11:42 AM »
Fucking Killing it MAN!!! Good Job, you have a great work ethic.

MoneyCat

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Re: Cant share this with high consumption friends
« Reply #2 on: August 31, 2016, 09:14:36 AM »
That is absolutely awesome. Congratulations!

Dee18

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Re: Cant share this with high consumption friends
« Reply #3 on: August 31, 2016, 11:07:23 AM »
congratulations!  What an exciting plan!

Choices

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Re: Cant share this with high consumption friends
« Reply #4 on: August 31, 2016, 11:48:03 AM »
Congratulations! You're a rock star!

Med school can be a good move, though if you're not 100% sure it's what you want, DON'T DO IT. Talk to a lot of doctors first or PM me to hear about a "day in the life" and why so many docs want out of the business. It also wouldn't hurt to look into PA school to decrease your years in training and think outside the box.

Best of luck!

Eurotexan

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Re: Cant share this with high consumption friends
« Reply #5 on: September 01, 2016, 07:05:57 AM »
Wow, that's amazing! I always admire people who go back to school to follow their dreams.

meghan88

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Re: Cant share this with high consumption friends
« Reply #6 on: September 01, 2016, 07:41:32 AM »
Incredible.  Please post updates.  Do you have a journal we can follow?  You rock!!

TravelJunkyQC

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Re: Cant share this with high consumption friends
« Reply #7 on: September 01, 2016, 07:43:28 AM »
Love this! Great plan, great execution - keep it going!

Derrian

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Re: Cant share this with high consumption friends
« Reply #8 on: September 05, 2016, 06:15:18 AM »
Thanks guys, I appreciate the encouragement. I don't have a journal but I've thought about starting one.

@Julie thank you for the advice and you are completely right about physician satisfaction being very low. To date, I have spent two years volunteering at a local hospital which has strengthened my interest in medicine. Luckily, I have a few more years to volunteer, shadow and learn to make sure this is the right move.

DBV1985

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Re: Cant share this with high consumption friends
« Reply #9 on: September 05, 2016, 07:03:11 AM »
Great job! ...... I second considering PA or NP route. I work as an NP and have the satisfaction of taking care of patients with a good work/life balance. I graduated without loans because of so many scholaships out there. You do need to remember financially even though you will graduate without loans, you still have 2-3 years of working as a resident with a teacher salary. In addition you will be working odd and long hours. After that maybe 2-3 more years of fellowship if you decide you want to be a surgeon or another specialty. To me the pros of becoming an NP outweighed an MD degree. However, if you truly want to be an MD for good reasons then go for it!

J

Mrs Brave

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Re: Cant share this with high consumption friends
« Reply #10 on: September 05, 2016, 12:28:22 PM »
Just chiming in to say how impressed I am!

Well done, go for the stars!

minimalistgamer

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Re: Cant share this with high consumption friends
« Reply #11 on: September 10, 2016, 08:59:36 PM »
Brilliant. Keep up the hard work! You are an inspiration to the rest!

Thanks,
MG.

Lyssa

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Re: Cant share this with high consumption friends
« Reply #12 on: September 11, 2016, 07:06:42 AM »
Really impressive, congrats!

steviesterno

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Re: Cant share this with high consumption friends
« Reply #13 on: September 11, 2016, 07:07:47 PM »


Any rate, summer came along and I ended up working on a few teaching / curriculum side hustles that have netted just under 20k. Not bad considering most of the projects were for fun. My latest side hustle was for a district office that was impressed with my work and offered me a full time position. The position is perfect both for my career, has a strong office culture, and comes with a 12% salary bump.



what kind of good side hustles are there in teaching? I'm an Associate Professor, but wouldn't mind working a little more on the side.

Bicycle_B

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Re: Cant share this with high consumption friends
« Reply #14 on: September 13, 2016, 11:00:55 PM »
Great job, Derrian!

+1 to those who suggested exploring different options.  My lawyer friend recently went through an "I'm going to med school" phase but changed his mind.  Different life situation, though.  Just be clear on what you want and why. 

Fwiw, he backed out after a lady friend who dates a lot of doctors reported all of their horror stories - the ones they told, and the ones they didn't say but she observed.  Good luck regardless; you are off to wonderful start.