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Haha - you have no idea what my 'level' is! I'm just giving him the face slapping he asked for?! :p Perhaps it's a bit rough, a bit more like a punch in the face...:D Negativity? I'm offering, for free, very constructive and realistic criticism that is particular to this person's...

I'm pretty sure I noted your profession in my posts, in fact, I mentioned that as a second year doctor your salary is more realistically estimated at 70-90k. You are no different. You just think you are. You are kidding yourself. Really, so as a third year doctor, with no formal...

Far out, you really have done well. We need to interview you here some day.

Yes, I agree, there is enormous potential for him and lots to consider...but don't go over the top too soon. If you earn more and spend equally more at the same time you'll blow your high income advantage and get used to this lifestyle too soon...a slippery slope. And maybe clouded by your...

Sorry Alex you're wrong there, he'll defintely have another 'asset', ie. a Porsche by then :D.

Alex he's still weighing up property vs. Porsche (+ live with parents) though. A PPOR OR IP is still better than the Porsche to start with.

Probably upgrade to a more expensive PPOR, and continue the cycle of spending!

No it's not! - you just finished a night shift, so you might have to sleep the next day, and might take 24-48 hrs to adjust. If you're lucky you might have a quiet night and sleep right through the night without an annoying call at 3am, but no guarantees there! If I haven't slapped any sense...

I do see where you're coming from, but the reality is that this is just not sustainable. In between all those night shifts, and then working during your weeks off...when do you get a chance to live a decent life? What will happen next year? Keep on doing much of the same, so you can...

Yes, and do it on a realistic estimate of your salary, not the ego inflated 150k. Another issue for you aussieboy is that when you work so many hours to earn so much income, finding the time to build your personal investments will be much, much harder...and we touched on this topic in another...

Oh yeah, that's the 'secret' isn't it...:D :p

I suspected that... I have some doctor friends who do this. But if you look at your estimated salary as a second year doctor (base pay rate about $25/hr or less even?), and take out all the un-rostered overtime and locum shifts you do for the extra $ (when you're pushing 60-80 hours in a...

Hey I'm all for following your dreams and passions etc, etc..., but aussieboy here didn't sound as profound as this, he just saw the car and realised he could afford it on his 2008 income and thought it would be cool to own, and had been planning on buying property prior to this, and admits to...

Actually, perhaps I was a bit harsh, but this is SS, the school of hard knocks! He did ask for a dose of financial reality though. Anyway, he's smart enough to weigh up both sides and make a decision that suits him.

Yes, that's exactly right. Get over yourself mate!

Or, if you're going to buy an expensive car, at least be original, as someone already said: Porsche + young doctor = cliche (= tosser) :D! You're not the first young doctor to come out of med school and be over-excited by your new found earning capacity... "OMG, 150kpa, I could buy a...

Yes I agree, but just don't let it swell your ego too much. This is reality, not 'Gray's Anatomy' or 'ER' fantasy land.

With that kind of income, if you were still living at home, you could potentially service a $1-1.5MM IP portfolio today. As opposed to a 150k Porsche. To me, it's a no brainer...but then again, I never had any interest in cars either.