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Quoted: I think you do not offically graduate from the Academy until you finance an expensive truck. Truck Camper/toy hauler Side by side with all the upgrades Harley Wakeboarding boat Bass boat One guy I know seriously has all of those. He works so much extra duty I dint know when he ever has time to even use any of them |
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Quoted: A buddy of mine from med school is a neuroradiologist. His dept head was margin trading exxon ballz deep and got a call. He lost $3M in one day rather than lose his primary home and a vacation home in CA. He doesn’t make $1M but he makes more than $300k so he must not save much. A neuro interventionalist should be making > 500k |
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Quoted: Radiologists nearing retirement? Quoted: Quoted: Quoted: Quoted: Quoted: I saw an interventional cardiologist with an income around 1,000,000 a year loose their home in 2008. That when I realized the more you make, the bigger the hole you can dig...... How much was the house? Was he really living beyond his means or did he have a lot of investments go bad? On a million a year, a 3 million dollar house, a million dollar vacation home, a Benz and an exotic is not all that out of spec. His income might have taken a bit of a hit, but that is one of the few professions that kept on chugging through 08. A buddy of mine from med school is a neuroradiologist. His dept head was margin trading exxon ballz deep and got a call. He lost $3M in one day rather than lose his primary home and a vacation home in CA. He doesn’t make $1M but he makes more than $300k so he must not save much. LoL holy shit, who TF trades value stocks on margin? Radiologists nearing retirement? My father- the radiologist- was writing naked calls in the mid 1980’s when I was a teen...he is still working at age 77 -I retired 5 years ago at age 45. |
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Quoted: Damn 280 gets you a mansion? I only got 1900 sq ft for that Quoted: Quoted: My brother works in transportation. Makes probably $50k per year. His wife works in education, makes roughly the same. They have no kids. Their apartment, rented back when he was still working for a cellphone store, cost $1100/mo. Their first house was a 5 bedroom for $175k. Their second house, purchased some 3 years later, is a mansion that cost $280k. They’re looking at upgrading, having spent less than 4 years in their current house. Next one will cost between $6-800k. They also lease current year sportscars every year. And they eat out so much, they don’t have hardly any food in their refrigerator. Last I heard, my brother has a clothing store credit card with $1300 on it. He’s making minimum payments on that, and that’s just a side card to his main card... which he is also making minimum payments on. I don’t know how they sleep at night. Damn 280 gets you a mansion? I only got 1900 sq ft for that A little less than that got me 3400 sqft. in AR. |
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Quoted: VA is one of the worst paying settings for specialist docs but is about the least amount of work. Especially true for Rads. But, if they do 25 years, they'll not only have what they put into the .gov 401k with a match to 5%, but make 25% of their salary as a pension for life. So a 400k a year cardiologist (avg highest 3 years) with only 25 years gets a 100k/year pension. It doesn't suck, and the workload isn't anything like private practice |
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Quoted: I wanna say their house is at least 5000 square feet? Maybe 7000? Quoted: Quoted: Quoted: My brother works in transportation. Makes probably $50k per year. His wife works in education, makes roughly the same. They have no kids. Their apartment, rented back when he was still working for a cellphone store, cost $1100/mo. Their first house was a 5 bedroom for $175k. Their second house, purchased some 3 years later, is a mansion that cost $280k. They’re looking at upgrading, having spent less than 4 years in their current house. Next one will cost between $6-800k. They also lease current year sportscars every year. And they eat out so much, they don’t have hardly any food in their refrigerator. Last I heard, my brother has a clothing store credit card with $1300 on it. He’s making minimum payments on that, and that’s just a side card to his main card... which he is also making minimum payments on. I don’t know how they sleep at night. Damn 280 gets you a mansion? I only got 1900 sq ft for that I wanna say their house is at least 5000 square feet? Maybe 7000? Dayum |
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A good friend of mine married stupid. She immediately stopped working and started pumping out kids to hook him and spent his money like he was a millionaire. He was making just over $100k/yr but had to finance a $4k Honda Civic because he quit his job and lost his company provided vehicle. 
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I’m a cheap date. I bought a lot of expensive stuff over the years just to sell later not because I was over my head but because I didn’t care about the toys I bought. I’m getting out of a MacBook because it really isn’t competitive. A 5 year old MacBook does the same thing really. I just Hackintoshed my Thinkpad X1. I mean not much interests me these days. I have more fun with my SP1 and my 1911. I might get a new used car but probably not any time soon. A LOT of six figure folks made fun of me for being a civil servant until 2008 when that Hope and Change was going around and folks were out on their asses. Guys were moving wherever was hiring and taking demeaning work. By Barfcom standards, I am a peasant. A beggar. But for Georgia, I live really well for the work I do and I have a place to go every day while folks were yeeted up at home. |
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co-worker last job. Wages being garnished because he didn't pay a hospital bill, proceeded to ignore it, they went to court and got a judgement, so losing like 25% of his paycheck every week. (like an $8000 bill, of course they would have settled, but he blew them off) (already of course paying child support). of course gets new phones cuz he signs up for a new plan(think like 10's at the time) 5 months go by, decides that phone company sucks (duh) and goes with verizon and gets a new set of phones. of course, gets a bill from first company that says "yo, you owe us $800 for the phones" but but but they were freeeeeeeeeeeeeeeeeeeeee uh huh, read the contract numnuts. (I mean really, ti's 2019, who doesn't know that by now? and this guy is in his late 40's) you gotta finish the contract for them to be "free" |
Mine is TDLR but even now I eat ramen and bologna that’s beyond my budget  Attached FileAttached File Attached File Attached File Attached File |
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Quoted: My father- the radiologist- was writing naked calls in the mid 1980’s when I was a teen...he is still working at age 77 -I retired 5 years ago at age 45. Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: I saw an interventional cardiologist with an income around 1,000,000 a year loose their home in 2008. That when I realized the more you make, the bigger the hole you can dig...... How much was the house? Was he really living beyond his means or did he have a lot of investments go bad? On a million a year, a 3 million dollar house, a million dollar vacation home, a Benz and an exotic is not all that out of spec. His income might have taken a bit of a hit, but that is one of the few professions that kept on chugging through 08. A buddy of mine from med school is a neuroradiologist. His dept head was margin trading exxon ballz deep and got a call. He lost $3M in one day rather than lose his primary home and a vacation home in CA. He doesn’t make $1M but he makes more than $300k so he must not save much. LoL holy shit, who TF trades value stocks on margin? Radiologists nearing retirement? My father- the radiologist- was writing naked calls in the mid 1980’s when I was a teen...he is still working at age 77 -I retired 5 years ago at age 45. Oh god thats even worse The premium you collect from a naked call gets fat because the market thinks the stock is going up It’s like betting against Mother Nature |
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Quoted: A neuro interventionalist should be making > 500k Not if he has a department head. He is working in academic medicine. One of the lower paying settings to practice in. And as a technicality, a neuroradiologist can be interventional or not. Most are not, even if most do international work. For the most part, specific to interventional nueroradiology, like transplant surgery, it is one of those specialities that is most often associated with an academic center. So salaries are depressed. A private practice neuroradiologist, non interventional, is likely to make more. If a partner, a lot more. It is one of the highest paid specialties. |
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Quoted: My father- the radiologist- was writing naked calls in the mid 1980’s when I was a teen...he is still working at age 77 -I retired 5 years ago at age 45. Yeah, but another data point, as a specialty, radiologists tend to and can practice among the longest of any specialty. |
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Quoted: Mine is TDLR but even now I eat ramen and bologna that’s beyond my budget https://www.AR15.Com/media/mediaFiles/459941/9AE3C4AA-F9B4-4408-B609-0AF1CA97A030_jpe-1432716.JPGhttps://www.AR15.Com/media/mediaFiles/459941/69FA26C7-AB9B-4932-BDD5-2247C6B6FA52_jpe-1432717.JPGhttps://www.AR15.Com/media/mediaFiles/459941/1BED99E9-B610-4BA0-9090-A18E7BE777E3_jpe-1432719.JPGhttps://www.AR15.Com/media/mediaFiles/459941/A192BC4F-3485-4E5A-A196-D98E07006BCE_jpe-1432720.JPGhttps://www.AR15.Com/media/mediaFiles/459941/C17D43FB-556C-4195-B1AF-7F9601D753D6_jpe-1432721.JPGWe’ve all been there I’ve been there quite a few times 2005 2009 2018 |
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Quoted: But, if they do 25 years, they'll not only have what they put into the .gov 401k with a match to 5%, but make 25% of their salary as a pension for life. So a 400k a year cardiologist (avg highest 3 years) with only 25 years gets a 100k/year pension. It doesn't suck, and the workload isn't anything like private practice That is horrible financial math. The VA, like the military, is a horrible deal for specialist docs from a financial standpoint. The opportunity costs, no matter how you do the math, is 7 figures. The work load at the VA is the lowest though. |
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This past year I made great money traveling, opening stores for a retail startup group. I did the build/production side of things and there was a guy that did the retail employee training side of things. He lived in NYC and had an expensive apartment and a new Jeep GC. When on the road, our company paid up to 250/night for hotels/lodging, 80 a day for food. I never had trouble finding a place near work and would walk/take uber which the company paid for. Our build in Philly was long and there was always something wrong up there so I had a corporate apartment. Super nice place on Market St, totally paid for by company as it was cheaper than hotels for the same time. The NYC kid would stay in the Ritz and Omni, etc at 400/ night and cover the 150+ difference out of pocket as well as rent a premium car in every city. He would eat at restaurants and run up $150 tabs nightly. Well that company went bankrupt. I managed to save nearly half my income living well below my means. Last I heard, he was complaining about money troubles from his quarantined apartment on Instagram. 6 figures only goes as far as you carry it. |
| Had a neigbor that pulled in $70/hr at BMW in the upstate. Bought a convertible, new jeep, Harley, etc. One day he vanished. Repo guys started coming within the week. Turns out he hadn't paid any taxes in 2 years also. He cut tail back to Alabama and left behind a fully furnished house and the Harley. |
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Buddy I worked with.... Retired LtCol at 25 TIS, so about $4500/month and also 70% disability so another $1600/month. So approx. $6k in "retirement" incomes. He was also a deputy PM making about $125K/ year. All total his income was about $200K/ year. He was married to a retired LtCol, so again maybe $4K per month in retirement though I don't think she got any disability. She was also a GS-15 making about $150K per year. Anyways, combined income of $400K year, or about $33k/month before taxes and no kids. Good income in anybody's book, right? Not good enough. Home cost about $1.5M and fully mortgaged. 5 cars, one of which was a 911 and another was a high end Mercedes that had a payment of about $1600/month. Big boat, dry docked at about $2k per month plus whatever the hole in the water cost in normal weekly repairs. And so on and so on. We were talking one day and he started cutting a piece of cardboard to put in his shoe because it had a hole in the sole. I was like WTF? His response...."after bills I don't have any money left and won't be able to buy shoes until next payday. As far as I know he's still humping the 9-5. |
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Quoted: I went to high school with a guy that had a nice size inheritance from his dad passing. He was a senior when his dad died and received a big chunk right before he graduated. Here the list of cars he bought while still living at home. New Corvette convertible (sold that) Big ass used bro dozer Exepedition (sold that) POS used Dodge Ram (sold that) POS used Firebird (sold that) Bought back the same POS Dodge Ram and fixed it up (sold that) Several motorcycles and 4wheelers over the years. He received about $35k a year for several years. He used the money to pay off credit cards that he racked up over the years. He eventually bought a small house which he sold for pennies on the dollar. He passed away from a drug overdose a few years back. Friend of mine inherited a pretty hefty amount of money and an interest in a family farm when he turned 18. Other relatives immediately bought him out of his farm stake (to keep it in the family). He was looking at Ferraris and stuff for a couple of weeks but he wised up and bought a condo and a new Toyota 4x4. Lived in the condo for a few years while exploring business opportunities then became homeless. Homeless because he got his CDL, rented his condo out and hit the road. He did that for abt 5-6 years, banking just about every penny he made and using the rental income from the condo to buy more properties. He came off the road, dicked around flipping cars and collecting rent checks for a while and bought a couple of businesses. He owns a self storage place, laundromat and self serve carwash along with about 3-4 rental houses. For a few years he was still "homeless", he lived in a travel trailer parked behind one of his businesses. He is in his late 40s, never married, no kids and other then his stint driving truck has never had a real job. He does all his own maintenance/management, that is his job. You would never know by looking at him that he has the portfolio that he does. |
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Quoted: Yeah, but another data point, as a specialty, radiologists tend to and can practice among the longest of any specialty. Quoted: Quoted: My father- the radiologist- was writing naked calls in the mid 1980’s when I was a teen...he is still working at age 77 -I retired 5 years ago at age 45. Yeah, but another data point, as a specialty, radiologists tend to and can practice among the longest of any specialty. Private practice solo in a small town from 1975-1994...hospital got bought out by the regional big Med center. So he did locum Tenens for a few years and ended up at the VA since he was in his mid 60s. Actually they hired him when he spent 2 months reading 2 years of back dated films as a per diem guy. He was ostracized by the former staff for working too fast. So they hired him and let /made 3 full time staff “Retire” |
. I guess it just proves that even though you can be good at making money it doesn't help if you don't save any.|
Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I’ve been climbing back up there and maybe one day I’ll retire Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. |
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Quoted: I used to bounce nightclubs in Scottsdale in the early 2000's. Imagine an even phonier version of Jersey Shore, where the term "thirty thousand dollar millionaire" applied to everyone. Everyone. Bunch of fake Rolex's, fake tits, Dior sunglasses 24/7, rented Lambo's. It is the epicenter of douche on a budget. This is an accurate statement. |
| One thing I notice in these threads is that everyone assumes they know exactly what peoples incomes are, particularly those who work the same jobs as the people they're talking about. You know their base rate, not any investments or inheritances they might be receiving, while others might peddle drugs on the side. For those that watched the implosion happen is another story, for those waiting to see it might be surprised when it doesn't happen for the aforementioned reasons. Things aren't always as they appear. |
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Quoted: Truck Camper/toy hauler Side by side with all the upgrades Harley Wakeboarding boat Bass boat One guy I know seriously has all of those. He works so much extra duty I dint know when he ever has time to even use any of them Back in my younger days I worked all kinds of off duty gigs. It definitely was easy money and allowed me to get some cool toys. I usually worked one or two gigs a week off-duty, but some guys I knew literally worked seven days a week (especially one guy I knew). Fast forward 20+ years and all of my close friends who worked off duty jobs day and night have scaled back tremendously. Why? As their kids grew up, thankfully they saw the writing on the wall and wanted to be an integral part of their kids lives...attend their kids sporting events, family vacations. Sure they don't have all the toys now due to cutting back on the off-duty gigs, but they have great families which far outweighs any of the toys. |
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I need to tighten up my own finances. Stepped down from being a super which cut my OT back. Now down to 40 and will be laid off 3 weeks this summer. Trying to sell 2 motorcycles I’m not in love with leaving me with 1. Not going out to eat has helped. $469 Beretta’s have not helped though. |
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Quoted: Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. Quoted: Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I’ve been climbing back up there and maybe one day I’ll retire Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. Congrats man!! Just gotta keep on keeping on |
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Quoted: Anyone interested in this should read ‘The Millionaire Next Door’. It will shift your way of thinking about how rich people spend their money. The millionaire next door is a fantastic book but deeply flawed. It would take forever to point out why but math is math. Among their chief conclusions is that normal working folks that live frugally can save enough money to retire with a million or two. Yes. But all that really does is replace their income. It can’t work any other way. Second, there are statistically few jobs that you can actually save your way to real wealth. (Deca millionaire or better) Third, yes, lots of well off people have some frugal tendencies. They are also blowing through 6 figures of gas a month on their plane....but everyone draws some really bad conclusions about them and wealth in general when they see them buying a generic brand potato chips. Most of the most extravagant things are done out of the public eye. You can’t tell the difference between a 500k surgeon in a Benz and a billionaire in a benz. But ones life savings couldn’t buy a month of the other guys life, that is mostly out of public view. The “they didn’t get rich by blowing their money” is mostly a lie. You really can’t frugal your way to rich. . You have to engage in the activities that can produce true wealth. IE, it is impossible for 98% of people to frugal their way to 10 or more million bucks. You have to do something that produces that kind of money. |
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Quoted: Not if he has a department head. He is working in academic medicine. One of the lower paying settings to practice in. And as a technicality, a neuroradiologist can be interventional or not. Most are not, even if most do international work. For the most part, specific to interventional nueroradiology, like transplant surgery, it is one of those specialities that is most often associated with an academic center. So salaries are depressed. A private practice neuroradiologist, non interventional, is likely to make more. If a partner, a lot more. It is one of the highest paid specialties. Quoted: Quoted: A neuro interventionalist should be making > 500k Not if he has a department head. He is working in academic medicine. One of the lower paying settings to practice in. And as a technicality, a neuroradiologist can be interventional or not. Most are not, even if most do international work. For the most part, specific to interventional nueroradiology, like transplant surgery, it is one of those specialities that is most often associated with an academic center. So salaries are depressed. A private practice neuroradiologist, non interventional, is likely to make more. If a partner, a lot more. It is one of the highest paid specialties. My buddy is the neurorad. His dept head probably does mammograms on 95 year old men and schedule diversity training seminars and shit. |
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Quoted: Oh for fucks sake Pontifical-Karen. It is people telling cautionary tales. Ill be sure to send you a large cross for the holidays so you can climb up on it and look down on us. Sorry you are so sensitive. Ask mom if you can be mean today. Otherwise go fuck yourself! |
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Quoted: A little less than that got me 3400 sqft. in AR. Quoted: Quoted: Quoted: My brother works in transportation. Makes probably $50k per year. His wife works in education, makes roughly the same. They have no kids. Their apartment, rented back when he was still working for a cellphone store, cost $1100/mo. Their first house was a 5 bedroom for $175k. Their second house, purchased some 3 years later, is a mansion that cost $280k. They’re looking at upgrading, having spent less than 4 years in their current house. Next one will cost between $6-800k. They also lease current year sportscars every year. And they eat out so much, they don’t have hardly any food in their refrigerator. Last I heard, my brother has a clothing store credit card with $1300 on it. He’s making minimum payments on that, and that’s just a side card to his main card... which he is also making minimum payments on. I don’t know how they sleep at night. Damn 280 gets you a mansion? I only got 1900 sq ft for that A little less than that got me 3400 sqft. in AR. Yeah $275k got me 3000sqft in TX. ETA: But in my case you get what you pay for. This house has had a lot of expensive problems pop up over the ~10 years I've been in it. |
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Quoted: The “they didn’t get rich by blowing their money” is mostly a lie. You really can’t frugal your way to rich. . You have to engage in the activities that can produce true wealth. IE, it is impossible for 98% of people to frugal their way to 10 or more million bucks. You have to do something that produces that kind of money. I read it recently, and IIRC the author pointed out that the “millionaires next door” were usually business owners who had above-average incomes. |
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Quoted: My buddy is the neurorad. His dept head probably does mammograms on 95 year old men and schedule diversity training seminars and shit. One of us missed the others point. Mine was is a doc that has a department head, they are probably in academic medicine. Which is a strong indicator that doc is payed on the lower side of their specialty. |
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Quoted: Is this the thread where everyone pretends they have no debt, pay cash for everything, invest 50% of their income, and never buy new cars? Yeah this is it. I have debt, not even going to lie about it. I have enough that i can manage easily, nothing frivolous, i can pay the non essential stuff off pretty quick if i want to, outside of the two cars and house. I've bought exactly one new vehicle in my life, the wife's current jeep.... never again, not even close to worth it, and it was killer deal on a previous year's model. |
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Quoted: That is horrible financial math. The VA, like the military, is a horrible deal for specialist docs from a financial standpoint. The opportunity costs, no matter how you do the math, is 7 figures. The work load at the VA is the lowest though. Quoted: Quoted: But, if they do 25 years, they'll not only have what they put into the .gov 401k with a match to 5%, but make 25% of their salary as a pension for life. So a 400k a year cardiologist (avg highest 3 years) with only 25 years gets a 100k/year pension. It doesn't suck, and the workload isn't anything like private practice That is horrible financial math. The VA, like the military, is a horrible deal for specialist docs from a financial standpoint. The opportunity costs, no matter how you do the math, is 7 figures. The work load at the VA is the lowest though. For my buddy it was more 1) stay in the city he loves and work his ass off for his new corporate bosses in the practice that sold 2) stay in the city he loves, work in a totally chill environment with nice patients (who he never ever sees) 3) stay in the city he loves and let the skill he spent half a lifetime on atrophy There were other options outside the city and there probably still are. He was AOA in a top-15 medical school and i am sure he can get damn near any job he would want, just not in the exact city. I would do telerad in a unabomber shack if I were him. |
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Quoted: Private practice solo in a small town from 1975-1994...hospital got bought out by the regional big Med center. So he did locum Tenens for a few years and ended up at the VA since he was in his mid 60s. Actually they hired him when he spent 2 months reading 2 years of back dated films as a per diem guy. He was ostracized by the former staff for working too fast. So they hired him and let /made 3 full time staff “Retire” Quoted: Quoted: Quoted: My father- the radiologist- was writing naked calls in the mid 1980’s when I was a teen...he is still working at age 77 -I retired 5 years ago at age 45. Yeah, but another data point, as a specialty, radiologists tend to and can practice among the longest of any specialty. Private practice solo in a small town from 1975-1994...hospital got bought out by the regional big Med center. So he did locum Tenens for a few years and ended up at the VA since he was in his mid 60s. Actually they hired him when he spent 2 months reading 2 years of back dated films as a per diem guy. He was ostracized by the former staff for working too fast. So they hired him and let /made 3 full time staff “Retire” Holy shit, did the taxpayer actually win one for a change? Three sandbaggers out to pasture. Dang. |
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Guy I knew had a pretty low end wage. He traded in truck after truck almost immediately. He got a little better job/pay every so often. His sister told me the last diesel he wound up with had $80k of loan on it and then was several years ago. Maybe $40-$45k truck. |
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Quoted: I read it recently, and IIRC the author pointed out that the “millionaires next door” were usually business owners who had above-average incomes. Yes. If you make a couple hundred a year....which is way above average, but let’s use that, and you live frugally, you can save a few million bucks. But that person is still not rich. They have no choice if they want to replace their income one day. How Else can it possible work? But they are, infact, millionaires. It would take a teacher over a million dollars to retire. She may be a Millionaire but she still has a teachers lifestyle. Beyond pure luck, their is nothing this person can do to frugal their way to real wealth. Scrimping and saving can not do it in almost every case. You must engage in an activity that can produce real wealth. Scrimping and saving can ensure your lifestyle in retirement won’t change or even get a little better or allow for an earlier retirement. |