Saw this gem on the ODs on Facebook page, a forum for doctors of optometry to post interesting cases and other career related tips. The best part is that this is the guy who regularly posts photos of the expensive shoes he buys his wife when he "messes up."
"So you are 28 years old and graduated OD school with a $250K student loan. You work your behind to pay that loan off in 10 years, so that makes you 38. You feel like you are in a grove so you decided to get a $350K business loan and open a practice. Your practice is an average practice generating about $600K a year. Good enough to service that loan for the next 15 years and pay yourself a good salary. A couple of years into the business, you get married and bought a house to raise your children. Another $250K for the next 15 years. Maybe 30.
By the time you paid off your business loan, you just hit 53, and you still have the mortgage left and the kid's college.
Where the hell do you have time to save for your retirement, if retiring comfortably requires about $2 million?
Edited: you are the sole provider! Throw that one in."
The comments are predictable whining about how one "couldn't possibly ONLY spend $250K on a house" and "try starting over after divorce!" followed by the one-upmanship of who has the worst financial situation. My personal favorite: "I'm worth more dead than alive thanks to life insurance."