The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Millionaire professions Date:  1/22/2019  8:30 AM
Author:  telegraph Number:  91679 of 93668

jaka:"My experience leads me to believe that the idea that the average single teacher would accumulate more money over the course of a lifetime than the average single medical doctor is UNBELIEVABLE."

You haven't read the Millionaire Next Door. I advise you do.

Doctors have high incomes. They also have high spending habits and often graduate with $200,000 student debt. They have to 'live large' to impress - country club, fancy cars. Goes with the territory and they are poor 'savers' for the most part.

Plus of course, they have no pension plans.....

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us