[edited by GeoffW- split off from thread Welfare vs Frugal]
Most doctors have graduated from uni by age 23. If doing it as an undergrad, you finish high school at age 17 or 18 and then five or six years at a uni med school means that you are earning six figures at age 23. If you are doing it as post grad degree, then maybe at age 24/25. A medical degree is the surest way for a 23 year old to earn a six figure salary. This does include a 60-70 hour working week. Better still, this salary is guaranteed to increase every year for at least the next ten years post graduation. There are very few other professions that confer a guaranteed pathway to a pre-tax seven figure earning capability in under ten years of qualification.
Obviously the system doesn't fail for everyone. However, having grown up with lots of people who are still studying when they are in their late 20s (and no, not for something difficult like being a doctor), I just get a bit cynical when people say they are 'studying'. These days, it is a euphemism for Gen-Ys because they don't want to admit that they can't find a job or are too lazy to do so.
Most doctors have graduated from uni by age 23. If doing it as an undergrad, you finish high school at age 17 or 18 and then five or six years at a uni med school means that you are earning six figures at age 23. If you are doing it as post grad degree, then maybe at age 24/25. A medical degree is the surest way for a 23 year old to earn a six figure salary. This does include a 60-70 hour working week. Better still, this salary is guaranteed to increase every year for at least the next ten years post graduation. There are very few other professions that confer a guaranteed pathway to a pre-tax seven figure earning capability in under ten years of qualification.
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