[M3GALLY]

Originally Posted by G80M3xdriveMann

100%.

My wife is a doc. Was barely "getting by" until she finished residency.
Get this... nurses are leaving our ER for traveling gigs making 8K per week working 30 hrs/wk LOL. That's way more than even ER docs make. But don't hate the player. Hate the game...

they're underpaid - they're at the bedside all day. Taking complaints, wiping asses and dealing with families. And these big sign on opportunities usually aren't for cushy gigs. The travel nurses travel to hot spots and even when they aren't that busy as the travel guy they give them the worst assignments.

[fravel]

Pretty sure I could drive a 15-year old 3-series on less than $100k/year.

[6oclockshadow]

Originally Posted by G80M3xdriveMann

100%.

My wife is a doc. Was barely "getting by" until she finished residency.
Get this... nurses are leaving our ER for traveling gigs making 8K per week working 30 hrs/wk LOL. That's way more than even ER docs make. But don't hate the player. Hate the game...

Was going to say...If you want to enter medicine for the money, become an RN. They can easily make more than docs do, without the crushing med school loans to service.

[KithM4isBae]

Originally Posted by DRM3GALLY

they're underpaid - they're at the bedside all day. Taking complaints, wiping asses and dealing with families. And these big sign on opportunities usually aren't for cushy gigs. The travel nurses travel to hot spots and even when they aren't that busy as the travel guy they give them the worst assignments.

Yup! I love my nurses. So many docs take them for granted. Honestly couldn't do what they do.

[Bluer2]

I make $7.25 an hour

[Amazinjoey]

Originally Posted by fravel

Pretty sure I could drive a 15-year old 3-series on less than $100k/year.

People here do that with under 50K a year

[Denny347]

I'm just a beat cop and I do just fine owning my '08 M3. However, everyone who sees it makes the same joke, asking what the department is paying me. That I get paid too much. I got those same jokes when I bought my first BMW, '06 330i back in 2010. So hilarious.... By the way, I work on my own cars so maintenance is not expensive.

[ASAP]

Originally Posted by Denny347

I'm just a beat cop and I do just fine owning my '08 M3. However, everyone who sees it makes the same joke, asking what the department is paying me. That I get paid too much. I got those same jokes when I bought my first BMW, '06 330i back in 2010. So hilarious.... By the way, I work on my own cars so maintenance is not expensive.

People's perception these days is very skewed by the low intelligence level that we see at an aggregate... most F150s today cost 55-60k but that never gets called out.

[jailonacs99]

Originally Posted by Denny347

I'm just a beat cop and I do just fine owning my '08 M3. However, everyone who sees it makes the same joke, asking what the department is paying me. That I get paid too much. I got those same jokes when I bought my first BMW, '06 330i back in 2010. So hilarious.... By the way, I work on my own cars so maintenance is not expensive.

They're not far off though. At my old department pretty much every officer made six figures with OT. Night watch Sgt's would even make more than the brass some years; that's pushing towards 200K/year.

[Mingwan]

The unemployment I’ve been collecting has allowed me to afford my X2 on a 9 year loan. Once my worker’s comp kicks in from the Prime delivery job I had I’m hoping I can upgrade to an X4 for Christmas. Crossing fingers on another stimulus check.

[XutvJet]

I live in the most affluent county in the Kansas City area (median household income in 2020 was ~$91K), I'm married, have two teenagers, and bought my 2016 M235 new for $48K with cash back in 2016. I was making around $100K at the time and my wife a stay-at-home mom. My wife and I have been somewhat frugal and we're very good with money, but we still like nice things, just not much of them. For me, it's a nicer car. My neighbors think I'm Mr. Moneybags because I drive a BMW, yet don't think twice about my various neighbors newer $60-75K pickups, boats, their gun hobbies, etc. LOL

$100K/yr in Kansas City goes MILES further than $100K/yr in most nicer areas on the coasts and other preferred living areas like Denver, the Southwest, etc. Colleagues in the same position as myself in places like San Francisco, the Northeast, Atlanta, Denver, etc. make at least $50K-$100K more than myself. Though the price of goods is generally within 10%, the differences in the cost of housing is HUGE and that's where the difference in salary comes into play. My $300k house in KC would be worth $500K-1.5M+ in other areas of the country. A lot of people fail to understand that the massive differences in salary are almost entirely based on the cost of housing.

In Kansas City, you're in the vast minority if you household income exceeds $200K/yr. The majority of households get by just fine making less than $70K/yr.

[translux]

Originally Posted by Denny347

I'm just a beat cop and I do just fine owning my '08 M3. However, everyone who sees it makes the same joke, asking what the department is paying me. That I get paid too much. I got those same jokes when I bought my first BMW, '06 330i back in 2010. So hilarious.... By the way, I work on my own cars so maintenance is not expensive.

Yah it's crazy what people think when they see the various brands.
Good friend of mine worked with the "old money crowd". Many years ago he got a lot of flack for driving a black MB S-class. He looked to me for advice on what he should get. Needed AWD and something comfortable. Got a Audi A8 V8TT short wheel base in silver and never had an issue again. Got a new one every two years in the exact color combo for at least a decade. He's retired and still driving an Audi. Last gen S8+ as he finds the new one to big. Says he's basically invisible.

[AM2021]

Salary is relative. $100k in Alabama is different than $100k in California.

[jailonacs99]

Originally Posted by Mingwan

The unemployment I've been collecting has allowed me to afford my X2 on a 9 year loan. Once my worker's comp kicks in from the Prime delivery job I had I'm hoping I can upgrade to an X4 for Christmas. Crossing fingers on another stimulus check.

Make sure you roll the negative equity on the X2 into the X4 loan

[wtwo3]

Originally Posted by Mingwan

The unemployment I’ve been collecting has allowed me to afford my X2 on a 9 year loan. Once my worker’s comp kicks in from the Prime delivery job I had I’m hoping I can upgrade to an X4 for Christmas. Crossing fingers on another stimulus check.

The American dream.... 2021 edition

[FCX5]

Originally Posted by Germanauto

I'm completing my Residency and have learned that idiot posters like the one you are responding to reflect the viewpoints of a lot of American society. Doctors are sadly not respected and mistrusted.

The opportunity cost of Medicine is what has made it an increasingly hard sell. I'm in my late 20s and have a very limited investment portfolio with 6 figure debt. Not to mention so many key years of my 20s spent studying and working endlessly, and therefore so many life experiences left unfulfilled. Yet the average idiot thinks Doctors earn too much when in reality America's healthcare problems have nothing to do with Physician compensation. Insurance companies, politicians, medical schools, residency programs, nursing/PA/NP unions enrich themselves at our expense. We sacrifice so much only to be told off by posters like the above and politicians who think we don't pay our "fair share" in taxes.

Sure not a lot of professions offer a $250k-300k salary by time time you hit your late 20s, but they also don't require a minimum of 7 years training AFTER college. 4 years of that you don't earn a penny and are instead raking in eye watering debt.

I can't quite say I regret it yet, but part of my wonders where I'd be had I instead opted for tech fields like some of my friends did. I started undergrad a decade ago, was only 17 at the time, and didn't know shit. Was told all my life that Medicine is the most lucrative field and went ahead with it. Reality is with Medicine you have to be in it for the long haul. The money comes, but at what cost? And these days with how expensive everything, notably student loans and real estate have become, you need a dual income Physician or Physician-Tech/IB/VC household to really feel well off.

This is a really great post. Thanks! The discipline needed to be a doctor, if applied to investments etc could lead to equally large incomes IMHO, I have seen that many times. None of the doctor friends I have did it for the money. Not saying there aren't any, but that is true of any service profession as well…

[FCX5]

Originally Posted by wtwo3

The American dream.... 2021 edition

Sadly.

[MadBimmeRad]

Originally Posted by wtwo3

Wow way to COMPLETELY miss the point.

There are so many things wrong here I don't even know where to begin. I don't think anything I say will change your narrow minded views.... but what the hell.

Doctors make a tiny fraction of what the hospital groups charge per patient, as outlined in the post you ignored. If the Healthcare system is screwed up it's definitely not due to doctor salaries. But I guess misinformed people only see what physicians make. They don't see things like the cost for facilities, the cost for medical equipment, the salaries of the executives running the hospital groups, etc. Physician salaries are miniscule in comparison.

Referencing countries where doctors make less than $100k without also referencing things like licensing requirements and... you know.... adjusting for things like cost of living and compared to other wages within the country... is just short sighted. And in regards to licensing, the US has stricter education requirements for physicians, where physicians from many countries aren't able to transfer over their qualifications to the US without further education and testing.

The requirements themselves are intense. Beyond a 4 year degree, there's another 4 years for med school, then 3-4 years of residency where you're working your ass off making $40k a year, then maybe another 2-3 years of fellowship which is again working your ass off for maybe $50k a year. Finally you're in your field, but the stress can be insane. Long hours, nights, people trying to sue you just to make a buck even though you're doing everything in your power to help them. Patients who make it sound like it's your fault they're in the situation they're in and accusing you of not working some sort of magic to fix them. Did I mention people trying to sue you? It's one of the most stressful fields you can be in.

I know many people who've tried to go into medicine for the money and they fail. It's not easy to become a physician. But your remarks about Indians really takes the cake. Majority of physicians in the US are white btw. So I'm really not sure why you decided to bring race into this... as if somehow Indians specifically probably aren't in it for the virtues of helping people.

Asians as a whole (this includes Indians, Chinese, etc) make up about 17% of the physician workforce, and most are 2nd generation... meaning they were born here in the US.

And to your last remark about comparing physicians to people who run Subways or gas stations.... im sorry but that's just not worthy of a response.

In 1988, Australian pilots went on a strike lasting eight months.

At the beginning of the strike, the then Australian Prime Minister Bob Hawke, in a televised statement, called the pilots "glorified taxi drivers" and threatened to replace them all with airforce pilots.

Obviously he was wrong on both counts; the strike didn't end because there were no taxi drivers capable of flying 747s. Nor did any airforce pilots ever fly a civilian craft unless they had retired from the airforce.

I guess our esteemed friend must be related to the dotard Australian PM - I wonder if our friend had a heartattack and an Indian surgeon brought him back to life, would he be as shallow then?

I salute you for such elegant breakdown of reality in the face of idiocy.

You, being a doctor, would perhaps know more about this than I, there's a cure for almost every disease; stupidity is sadly not one of those.

[No one]

Originally Posted by AM2021

Salary is relative. $100k in Alabama is different than $100k in California.

This is an interesting statement. Do they pay less in Alabama because it's cheaper to live there or do they work for less in Alabama because it's cheaper to live there? $100k is the same in both states, I presume. It's just the life quality in California is probably higher and that should justify the price, like you get as much as you pay. If you live in a shitty place, you don't need much money to stay there, but you do need much money to escape. It's like your choice where to spend your $100k and what you'll get for it. If you can have it in either state, of course.

[fravel]

Originally Posted by No one

This is an interesting statement. Do they pay less in Alabama because it's cheaper to live there or do they work for less in Alabama because it's cheaper to live there? $100k is the same in both states, I presume. It's just the life quality in California is probably higher and that should justify the price, like you get as much as you pay. If you live in a shitty place, you don't need much money to stay there, but you do need much money to escape. It's like your choice where to spend your $100k and what you'll get for it. If you can have it in either state, of course.

Yeah, you completely missed the point of the original statement. It's not about why someone in one place is paid more than the person in another place, it's about what people can get for their money in one place vs. the other.

$100k goes a lot farther in Alabama than it does in Cali - to wit, it's a lot more financially feasible to drive a $100k car in Alabama than it is in Cali, since the person in Alabama is paying a fraction of what the person in Cali is for housing/food/gas/utilities.

[No one]

Originally Posted by fravel

Yeah, you completely missed the point of the original statement. It's not about why someone in one place is paid more than the person in another place, it's about what people can get for their money in one place vs. the other.

$100k goes a lot farther in Alabama than it does in Cali - to wit, it's a lot more financially feasible to drive a $100k car in Alabama than it is in Cali, since the person in Alabama is paying a fraction of what the person in Cali is for housing/food/gas/utilities.

I know, I just picked on an assessment that can just be true or not depending on the context instead of contributing to the thread.

And still, do you mean to tell me a $100k car is a more common thing in Alabama than it is in Cali? Driving a stand out car can be just a trouble that you'll get for your money: it should attract too much envious/criminal attention. I mean, once you can afford a $100k car it might be the time to move from Alabama to California.

It just reminded me of an anecdote. A person went to buy a Corolla but the salesman convinced him a Land Cruiser was much better. So the person sold his house and bought a Land Cruiser.

[FCX5]

Originally Posted by Randy Johnson

Is is safe to say the 99% of bmw owners make over 100k? With these cars costing so much I'm just wondering where owners are in terms of salary? Not sure who people can afford so much for a car these days.
PS: I buy used.

https://hedgescompany.com/blog/2019/...-demographics/

Demographic of BMW owners...