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URL:  https://boards.fool.com/billquotquotand-i-thought-there39s-really-34119074.aspx

Subject:  Re: Millionaire professions Date:  1/25/2019  7:34 PM
Author:  telegraph Number:  91723 of 92672

Bill""And I thought, there's really something wrong with this picture. I'm a CPA, and I made decent money, but not top tier level. I wasn't a partner in the firm, but I had survived a merger, and kind of had my own role in the organization at the manager level. Which is to say that I was a tax specialist in a firm that mostly did audits. But this guy's a doctor? And I can retire at 62, but he can't?

Definitely not what you'd expect. But it happens."

If you read the MND, you'd learn that doctors have to 'live large'. Actually, after they get out of med school, and do their residency, they want that fancy new car. Maybe a fancy wife who 'is married to a doctor' and spends lavishly. They probably join a $10,000 a year country club. After all, a doctor has 'status'. He's not going to be seen driving a 20 year old car, but likely a Lexus or $$$ car. Mercedes....BMW......

Then, of course, if he has kids, they aren't going to community college or 'one of them state schools'....no way. It's private expensive top rank colleges for the kids....probably including Masters degrees. Maybe med school? Doctor's kids expect the best. Oh, and cars at age 16, and not little Toyota Yaris......more like a Hummer or a Caddy Escalade.....

That's why your doctor can't retire early.

My dentist retired at 60.........

My first doc when I moved to TX probably was 72 when he retired....he last few years he didn't take new patients....and he mainly did aviation physicals for a while......and a few legacy patients.....

Second doc lasted five years before he decided to go into medical records and group coordination as his full time job.....100 doctor practice and he brought in the electronic records end of things and ran it.....no more patients to see......

t.
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