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  • Average radiologist lifespan

    Posted by marcioradiologia2_129 on September 2, 2023 at 3:16 pm

    Average lifespan for a radiologist is 75.8 years.
     
    Most of you posting here are already above middle age (age 38) or greater by a numerical definition.
     
    Why are you working so hard and putting so many extra hours into work, more than necessary?
     
    To retire at age 60-65, live maybe another 10 or so more years finally withdrawing from your retirement account, and then turning off the lights forever? Is that a good life lived?
     
    [link=https://onlinelibrary.wiley.com/doi/full/10.1002/lim2.23]https://onlinelibrary.wil…i/full/10.1002/lim2.23[/link]

    jileto replied 9 months, 3 weeks ago 34 Members · 61 Replies
  • 61 Replies
  • tdetlie_105

    Member
    September 2, 2023 at 4:56 pm

    Quote from aeo

    [b]Average lifespan for a radiologist is 75.8 years. [/b]

    [b] Most of you posting here are already above that number, and thus close to middle age (age 38) or greater by a numerical definition. [/b]

    Why are you working so hard and putting so many extra hours into work, more than necessary?

    To retire at age 60-65, live maybe another 10 or so more years finally withdrawing from your retirement account, and then turning off the lights forever? Is that a good life lived?

    [link=https://onlinelibrary.wiley.com/doi/full/10.1002/lim2.23]https://onlinelibrary.wil…i/full/10.1002/lim2.23[/link]

     
    I’m confused, you stated most here posting are above 75.8 years of age and thus close to middle age 38 y/o?

    • marcioradiologia2_129

      Member
      September 2, 2023 at 5:56 pm

      Meant to say most are already at the halfway mark or greater.

      • mario.mtz30_447

        Member
        September 2, 2023 at 8:22 pm

        Why is ANYONE working when theyre over 38 years old?
        There, you have your answer.
         

        • mircea.cg_544

          Member
          September 2, 2023 at 9:04 pm

          There once was a man from Nantucket who worked too hard until he said oh.

          I am waiting for the Nigerian prince to give me my money, then I will stop working.

          • Unknown Member

            Deleted User
            September 2, 2023 at 9:13 pm

            because training ammunition and whey protein aren’t free

            • Unknown Member

              Deleted User
              September 2, 2023 at 9:46 pm

              Why am I working so hard? Because the government at various levels and through various programs takes 50% of my income. If they didnt tax me, I could probably retire after a few years of working based on my current expenses. But since I spend probably 35% of my AGI and the gov takes 50%, I only save 15% per year. So I effectively need to work 2.3x the number of years I want to live in retirement. Honestly, I dont think I can even work enough to earn it, plan to eventually move in with my spoiled brat kids when I run out of money. Its just simple math

              • william.wang_997

                Member
                September 3, 2023 at 1:16 am

                The worst is ERdont even make it to 60.0 according to the study. total BS.

                • consuldreugenio

                  Member
                  September 3, 2023 at 6:14 am

                  Gotta work and play at the same time. Cant wait until retirement to have all the fun and do what you always wanted. Lots of vacation in Radiology. Some other jobs get 2-3 weeks PTO plus holidays.

                  • abstone38_669

                    Member
                    September 3, 2023 at 7:12 am

                    Its by design to extract the most labor out of every person in society by making it impossible for most to quit work early.

                  • radiologistkahraman_799

                    Member
                    September 3, 2023 at 7:19 am

                    Quote from PneumoRad

                    Gotta work and play at the same time. Cant wait until retirement to have all the fun and do what you always wanted. Lots of vacation in Radiology. Some other jobs get 2-3 weeks PTO plus holidays.

                    Exactly, lots of surgeons are 4-6 weeks, and they are billing/paid while they are gone if independent/not employeed.

                    • jileto

                      Member
                      September 3, 2023 at 8:51 am

                      If you are truly honest with yourself, the only life worth living is a selfless life. Something totally unheard of in todays society. You are blessed with a unique skill, one that is desperately needed. Teleradiology makes it possible to do this job indefinitely. Having a special needs daughter, one who will always depend on me, has radically changed the way I look at life for the better, but not making it easier. Dont think I will ever retire. One day we will all answer for our choices.

                    • afazio.uk_887

                      Member
                      September 3, 2023 at 10:37 am

                       
                      Yes, it is a principle of stoicism – the goal it to live a life of virtue, regardless of what life throws at you.  You may not control what happens to you, but you can control your response, and you should always choose virtue. 
                       
                      Easier said than done, no doubt. 

  • tdetlie_105

    Member
    September 3, 2023 at 6:50 pm

    Quote from aeo

    Average lifespan for a radiologist is 75.8 years.

    Most of you posting here are already above middle age (age 38) or greater by a numerical definition.

    Why are you working so hard and putting so many extra hours into work, more than necessary?

    To retire at age 60-65, live maybe another 10 or so more years finally withdrawing from your retirement account, and then turning off the lights forever? Is that a good life lived?

    [link=https://onlinelibrary.wiley.com/doi/full/10.1002/lim2.23]https://onlinelibrary.wil…i/full/10.1002/lim2.23[/link]

    “Good life lived” is extremely subjective.  We can have never ending thread on the topic. It would range from living a life that maximizes physical/psychological pleasure all the way to living a life of virtue…From a practical perspective, I think others have already answeedr the question…Here are some of my thoughts: Given the cost of training (time and increasing $), it only make sense to a have a long “normal” career length (eg. 30-40 years or so)…When the term “side gigs” becomes an accepted term in ones professional world, then there’s clearly a problem/disconnect between expectations and reality (main one here being never-ending CMS cuts and never-ending increased costs (time/$/band-width) of training and day to day work/MOC etc…people tend to live up to their means so making more does not correlate with saving more…humans are unique in the sense that one can even expect “retirement”.  Vast majority (if not all remaining) species die when they no longer can pull their own weight and contribute to the survival of their kind.  

    • pbernard_996

      Member
      September 4, 2023 at 4:27 am

      I know several rads who are talking the financial steps required to FIRE by 50 at the latest.

      • abstone38_669

        Member
        September 4, 2023 at 4:53 am

        You have no chance at FIRE with kids on payroll or living in a non rural area. Sit down and carefully calculate your every expense and you will agree. Portfolio can only safely support 3-4% per year (closer to 3% if youre in FIRE range).

        So most radiologists will work until they have few good healthy years left. Radiology has also become miserable as of late with increasing volumes and dropping pay. But society has gotten what it wants out of us.

        • nelson33.jn

          Member
          September 4, 2023 at 5:11 am

          Agree. No chance at complete retirement with children. I still think part-time/3 days a week without overnights is the best and most realistic option for later career work life option. Or, maybe I tell myself that because the alternative isnt possible.

          • JohnnyFever

            Member
            September 4, 2023 at 6:02 am

            You can have 3-4 million by 50 if you only invest by maxing out your IRA and 401k/profit sharing. You don’t have to retire after that, but you certainly can find an easier job

            • abstone38_669

              Member
              September 4, 2023 at 6:07 am

              ^^ can you refer me to an easier job in radiology without quotas, long shifts, 2 FTEs worth of work for 1 FTE on weekends shifts, no evenings, nights or coverage responsibilities, reasonable pay, benefits and stability, not corporate or university run, no politics, clearly defined responsibilities? Thanks.

              • pbernard_996

                Member
                September 4, 2023 at 6:54 am

                For most rads:

                500k salary.
                350k after taxes.
                Spend 120k (10k/month)
                Save 230k for 15 years.

                Even if your money does nothing but keep up with inflation, thats 3.5 million bucks.

                If you invested it, perhaps 7 million.

                How can you NOT afford to retire by 50, kids or no kids.

                • abstone38_669

                  Member
                  September 4, 2023 at 7:10 am

                  ^^ 10k/ month budget is not realistic for most rads with families, mortgages, stay at home spouse, etc.

                  • pbernard_996

                    Member
                    September 4, 2023 at 7:15 am

                    Quote from astone38

                    ^^ 10k/ month budget is not realistic for most rads with families, mortgages, stay at home spouse, etc.

                    I have all of the above. Heck, we even own two late model vehicles, and take lots of vacations (mostly domestic, but usually 1-2 international trips per year).

                    Totally doable.

                  • Chris7549

                    Member
                    September 4, 2023 at 7:17 am

                    Why is life more expensive to be a rad than a mailman or carpenter?

                    • abstone38_669

                      Member
                      September 4, 2023 at 7:22 am

                      ^^ whats the point of doing this and making all this money if your going to live like a mailman?

                    • Unknown Member

                      Deleted User
                      September 4, 2023 at 7:49 am

                      Like Plato said, mo money mo problems . Different levels to the same rat race.

                  • luciairegui

                    Member
                    September 4, 2023 at 8:55 am

                    Maybe FIRE is not a goal or you’d rather spend on certain things that preclude some savings – which is fine.
                     
                    But outside of VHCOL areas it’s asinine to think that 10k post tax per month isn’t enough even with a family. Millions on people raise their families on far less than that and at pretty decent standards of living. 
                     
                     

                    • pbernard_996

                      Member
                      September 4, 2023 at 9:20 am

                      You can live like a 90th percentile American and retire at 50, or like a 99th percentile and work for 15 extra years.

                      Different strokes for different folks, but Ill take the extra 15 years of my life, thanks.

                    • Unknown Member

                      Deleted User
                      September 4, 2023 at 10:01 am

                      There is no way that these numbers are accurate. Average life expectancy of ED physician is shorter than most 3rd world countries…ya right lol 

                    • 22002469

                      Member
                      September 4, 2023 at 11:22 am

                      Quote from 9000tesla

                      There is no way that these numbers are accurate. Average life expectancy of ED physician is shorter than most 3rd world countries…ya right lol 

                       
                      Small sample size (only 43 out of a total of 8156 total) mainly. Also the only group to have accidents listed as one of the top 3 causes of death.
                       
                      A handful of 35-40 year old car, motorcycle, or ATV accidents in a sample that size and suddenly the average age of death is under 60. 
                       

                    • afazio.uk_887

                      Member
                      September 4, 2023 at 11:51 am

                      The harsh reality is if ur a man, your value is tied to your ability to provide.

                      When youre retired you will lose some status.

                      As a wealthy physician most of us are at a high status in society.

                      Just biology not social commentary.

                    • 260268

                      Member
                      September 4, 2023 at 5:41 pm

                      As someone around 40 I enjoy reading these types of posts for the different perspectives. As I get older I find myself rediscovering why I went into medicine in the first place. Doing good work reading cases or on procedures is very rewarding and I like to think I am making a difference in the lives of patients. At the same time, the day to day frustrations of work are a grind. Some days it seems like the system is so dysfunctional I can’t believe it continues to exist. 
                       
                      I am on the path to FIRE, but probably wont retire early. My wife and I are both professionals and make good money. We have the house, kids, paid off cars etc. Even with all that we put a lot of money away and should be at our number for retirement at 45. After that, I still can’t see walking away. Maybe cutting back even more, I have already gone a little bit “part-time” to have more time for kids/hobbies. 
                       
                      Life is what you make it. My wife and I are on the same page with finances and priorities. We do not need fancy vacations or stuff to make us happy. Hike in the woods together and PPJ sandwiches for lunch, some exercise and fresh air in good company. Backyard BBQ with friends/family. Occasional football game. A few hobbies/passions outside work. Life is good. 
                       
                      If I make it to 75.8 years and it’s time to check out, with the current path I am on I think I will have done enough. Husband, father, decent radiologist… There are too many things in this world to do and experience in one lifetime, so I do what I can do and am happy with the decisions I have made up till this point. Hope reincarnation is real, kind of doubt it, but it would be neat to play the game again and see what would happen next time. Probably end up grinding on that plain film list again… lol

                    • smfst7_929

                      Member
                      September 4, 2023 at 6:27 pm

                      To each their own. I like to fly first class and stay in five star hotels. I am also happy hiking and eating the occasional PBJ, but I like seeing the world and not living in substandard accommodations when I do so. I know of people who have never even left the US despite having the money. That seems sad to me. Nothing like enjoying a nice meal and glass of wine in southern France then going back to your upscale hotel to make some more kids. Cest la vie. Some people are happy to always eat PBJ. I prefer a little escargot and wagyu once and awhile.

                    • jileto

                      Member
                      September 4, 2023 at 7:40 pm

                      You actually dont need a lot of money to have a relatively fulfilling life in modern society l. We are in the drivers seat for the time being. Told my group done coming in and working full time take it or leave it. They had no choice. Do telerad now as I want for extra work. what I said earlier has no bearing on the worth of our skills and what is a fair price for our efforts in the context of corporates, skimmers. We make ok money for what we do and are definitely not rich by most measures

                    • jonhanse_770

                      Member
                      September 5, 2023 at 4:10 am

                      I have a very good friend where she and her husband saved every penny so they could enjoy their livee once he retired on 12/31. Four days post retirement he had a massive heart attack and….When she was cleaning things up she found concert tix, cruise plans, etc….
                       
                      Bottom line- live each day like its your last because it may be…I instilled that in both my sons. My eldest is always enjoying time with friends  and youngest a world traveller. If he finds out Tuesday he has a 4 days off in a row you might find him halfway across the world. That is called living and not just existing….I just wish he would let me know before he travels and not after. It changes once you marry and have kids but for now…go for it,
                       
                      PACSMan
                       

                • marciorka

                  Member
                  September 4, 2023 at 5:34 pm

                  Quote from LKT

                  For most rads:

                  500k salary.
                  350k after taxes.
                  Spend 120k (10k/month)
                  Save 230k for 15 years.

                  Even if your money does nothing but keep up with inflation, thats 3.5 million bucks.

                  If you invested it, perhaps 7 million.

                  How can you NOT afford to retire by 50, kids or no kids.

                  it does not work like that for everyone. we spend 150K a year on travel. 

                • ranweiss

                  Member
                  September 5, 2023 at 6:54 am

                  Quote from LKT

                  For most rads:

                  500k salary.
                  350k after taxes.
                  Spend 120k (10k/month)
                  Save 230k for 15 years.

                  Even if your money does nothing but keep up with inflation, thats 3.5 million bucks.

                  If you invested it, perhaps 7 million.

                  How can you NOT afford to retire by 50, kids or no kids.

                  ‘Many reasons. med school debt, other debt, spouse debt, high cost of living area. There is NO way I could only spend 10k a month in my region, unless I lived in a apartment and my kids went to crappy public schools.
                   
                  All relative. Also, what we call ‘keeping up with the jones’s’ – luxury vehicles. private schools. fancy vacations. 10k a month does not cut it. 
                   
                  if i was single or no kids,  could easily live on 10k a month, far less actually. 

                  • Unknown Member

                    Deleted User
                    September 5, 2023 at 7:26 am

                    I understand wanting to do less work as you get older…but I personally couldn’t retire fully if I have the ability to continue to work. I love taking a few days/week off every month, but sometimes I get bored on my days off. I think that the optimal situation would be working 1-2 weeks/month. 

                    • btomba_77

                      Member
                      September 5, 2023 at 7:31 am

                      500k salary
                      350k after taxes only accounts for federal income tax, where a W-2 earner will have an effective federal rate arou d30% at that income

                      Doesnt account for all other taxes.

  • jeevonbenning_648

    Member
    September 5, 2023 at 12:54 pm

    Your post hit me hard. I called it quits at age 37 – glad I saw through the BS. Comparison and keeping up with the Jonses is a disease.
     
    Two weeks ago I did a Virgin Voyages cruise through Spain and France. $5K/room with a balcony and hammock, everything on the boat included. I booked two rooms – for my parents and my girlfriend and I. 2 months before that I did the 4 day, 45km, 4200m+ elevation, Inca trail to Machu Picchu. I couldn’t have done this if I didn’t take 8 months off after the military to travel. Those are experiences I will remember forever.
     
    Life is not lived measuring a lung nodule to make worthless currency. If people figured out how money / currency actually worked they wouldn’t be so obsessed with trading their time for dollars.

    • g.giancaspro_108

      Member
      September 5, 2023 at 1:33 pm

      What are your comments/criticisms of that Virgin cruise through Spain/France?  We looked into that.  I would like to hear your thoughts and pros/cons.

      • jeevonbenning_648

        Member
        September 5, 2023 at 1:45 pm

        It’s been not even 2 years that Virgin were doing cruises and cruise critic named them best overall cruise, best food, best rooms, and best overall experience.

        I’ve done 8-9 cruises already and this one was by far the nicest and hit all of those categories as being the best. The food quality/variety and the fact that literally everything on the boat was included was a huge plus for me.

        I think you will not be disappointed. I’m already planning next year on VV to one of the Mediterranean options.

    • Unknown Member

      Deleted User
      September 5, 2023 at 1:49 pm

      Sounds fun! 
       
      I am not retired or FI.   I just got back from 7 day Alaska Field Survival course, in a dense forest along the Kings River about an hour east of Anchorage.  No mobile phone or electronics, no food, no water, no tent, no sleeping bag allowed. Just the clothes on your back, a knife, and an empty metal canteen allowed. Built our shelters, made friction fire from scratch to keep us warm and boil river water, attacked by wasps, had a bear come by – scared away with gunshots from our instructor. Sprinkled most days, rain steadily for two days. River crossings, tried spear fishing. In 7 days, had only a single meal from a fish caught by someone else, and a handful of berries, I lost over 10 pounds that was mostly water weight.  Came away with a renewed sense of gratitude for all the things we take for granted in civilization, a greater sense of independence and comfort in the wilderness, greater sense of self-reliance, and an idea of the things I need to change in my life to be a better, more humble, and stronger man. 

      • jeevonbenning_648

        Member
        September 6, 2023 at 6:05 am

        That sounds awesome. I always wanted to do 14 days without cell phone and internet in the wilderness. I’ve only done 4 days sleeping in -5C on the Inca Trail. Alaska is another level, no altitude to worry about but cold af and the animals are really mean.
         
        The Comfort Crisis – great book.

      • DanielQuilli

        Member
        September 6, 2023 at 10:26 am

        Quote from Flounce

        Sounds fun! 

        I am not retired or FI.   I just got back from 7 day Alaska Field Survival course, in a dense forest along the Kings River about an hour east of Anchorage.  No mobile phone or electronics, no food, no water, no tent, no sleeping bag allowed. Just the clothes on your back, a knife, and an empty metal canteen allowed. Built our shelters, made friction fire from scratch to keep us warm and boil river water, attacked by wasps, had a bear come by – scared away with gunshots from our instructor. Sprinkled most days, rain steadily for two days. River crossings, tried spear fishing. In 7 days, had only a single meal from a fish caught by someone else, and a handful of berries, I lost over 10 pounds that was mostly water weight.  Came away with a renewed sense of gratitude for all the things we take for granted in civilization, a greater sense of independence and comfort in the wilderness, greater sense of self-reliance, and an idea of the things I need to change in my life to be a better, more humble, and stronger man. 

         
        Can you link that course, i want to do that

        • Unknown Member

          Deleted User
          September 6, 2023 at 10:34 am

          [link=https://www.californiasurvivaltraining.com/alaska-field-course]https://www.californiasur…om/alaska-field-course[/link]

      • benoit.elens

        Member
        September 6, 2023 at 11:59 am

        Quote from Flounce

        Sounds fun! 

        I am not retired or FI.   I just got back from 7 day Alaska Field Survival course, in a dense forest along the Kings River about an hour east of Anchorage.  No mobile phone or electronics, no food, no water, no tent, no sleeping bag allowed. Just the clothes on your back, a knife, and an empty metal canteen allowed. Built our shelters, made friction fire from scratch to keep us warm and boil river water, attacked by wasps, had a bear come by – scared away with gunshots from our instructor. Sprinkled most days, rain steadily for two days. River crossings, tried spear fishing. In 7 days, had only a single meal from a fish caught by someone else, and a handful of berries, I lost over 10 pounds that was mostly water weight.  Came away with a renewed sense of gratitude for all the things we take for granted in civilization, a greater sense of independence and comfort in the wilderness, greater sense of self-reliance, and an idea of the things I need to change in my life to be a better, more humble, and stronger man. 

         
        This sounds like a happier ending of Into the Wild, the story about Chris McCandless.  Amazing, I am pretty sure I couldn’t do it unless I was forced to.  I would take 10lbs weight loss–sounds like a win if it includes some abdominal fat.

        • jileto

          Member
          September 6, 2023 at 12:39 pm

          Military residences although not saying anything about the poster can be iffy. We had a guy working for us years ago that got himself into a lot of trouble with missed calls, one in particular that was a subdural he thought was normal vein, they anticoagulated and the dude died.he just didnt see the amount of volume that you would get in a tertiary hospital. Hospital basically told him he needed to leave after that.

          • jeevonbenning_648

            Member
            September 6, 2023 at 12:54 pm

            I don’t think having rad residents who don’t have a good eye or missed a lot is unique to the military.
            That being said, our residency churned quite a good amount of rockstars

            • jileto

              Member
              September 6, 2023 at 4:20 pm

              Yeah, thats true.one of those cases where when u saw it you just knew it would have been something you should have seen in residency. Commented on the finding but called it wrong.hell my training hospital had over 50 ors

    • tdetlie_105

      Member
      September 5, 2023 at 4:18 pm

      Quote from Re3iRtH

      Your post hit me hard. I called it quits at age 37 – glad I saw through the BS. Comparison and keeping up with the Jonses is a disease.

      Two weeks ago I did a Virgin Voyages cruise through Spain and France. $5K/room with a balcony and hammock, everything on the boat included. I booked two rooms – for my parents and my girlfriend and I. 2 months before that I did the 4 day, 45km, 4200m+ elevation, Inca trail to Machu Picchu. I couldn’t have done this if I didn’t take 8 months off after the military to travel. Those are experiences I will remember forever.

      Life is not lived measuring a lung nodule to make worthless currency. If people figured out how money / currency actually worked they wouldn’t be so obsessed with trading their time for dollars.

       
      I likely missed something but you retired after working 5-6 years as a radiologist and can still afford 10K vacation?

      • reza800p_368

        Member
        September 5, 2023 at 4:54 pm

        If you are single, just do one week on two weeks off night jobs. Travel and have fun. 
        If you have a family, try to work mostly 8-5 with least number of weekends.

        A good thing of radiology is that it has something to offer to everyone. 

        • Unknown Member

          Deleted User
          September 5, 2023 at 5:14 pm

          Quote from OnsiteRad

          If you are single, just do one week one two weeks off night jobs. Travel and have fun. 
          If you have a family, try to work mostly 8-5 with least number of weekends.

          A good thing of radiology is that it has something to offer to everyone. 

          agree with that 

        • luciairegui

          Member
          September 5, 2023 at 5:59 pm

          Nights have their downsides too although the time off is amazing of course.
           
          Getting a lighter employed or lite academic gig with more time off (even for less pay) is a good middle ground also. Little less stress on the body compared to flipping schedules every few weeks.
           
          I see a lot of people jumping into the big $$ partnership tracks and getting worked to the bone to make their extra dollar. But a well run PP is probably the best outcome and hey it’s hard to turn down 6-7…but a chiller life making 4-5 ain’t that bad especially for the difference after taxes.

          • reza800p_368

            Member
            September 5, 2023 at 11:46 pm

            Quote from TTL

            Nights have their downsides too although the time off is amazing of course.

            Getting a lighter employed or lite academic gig with more time off (even for less pay) is a good middle ground also. Little less stress on the body compared to flipping schedules every few weeks.

            I see a lot of people jumping into the big $$ partnership tracks and getting worked to the bone to make their extra dollar. But a well run PP is probably the best outcome and hey it’s hard to turn down 6-7…but a chiller life making 4-5 ain’t that bad especially for the difference after taxes.

             
            Agree with above 

            It is like running a marathon. The last 20% is as hard or even harder than the first 80%.
            Making 30% more makes your job twice as hard.
            For example, go from working 5 days a week to 4 days a week and you will see 2x change in your job satisfaction. 

             It is extremely hard to turn down a partnership track well paid job for an employed job that pays average. 
            Most private groups that I know of are killing themselves.  Most private practice radiologists are burnt out. Most partnership jobs that I know of read about 17-20K RVUs which is crazy. 

      • benoit.elens

        Member
        September 5, 2023 at 5:28 pm

        Quote from jd4540

        Quote from Re3iRtH

        Your post hit me hard. I called it quits at age 37 – glad I saw through the BS. Comparison and keeping up with the Jonses is a disease.

        Two weeks ago I did a Virgin Voyages cruise through Spain and France. $5K/room with a balcony and hammock, everything on the boat included. I booked two rooms – for my parents and my girlfriend and I. 2 months before that I did the 4 day, 45km, 4200m+ elevation, Inca trail to Machu Picchu. I couldn’t have done this if I didn’t take 8 months off after the military to travel. Those are experiences I will remember forever.

        Life is not lived measuring a lung nodule to make worthless currency. If people figured out how money / currency actually worked they wouldn’t be so obsessed with trading their time for dollars.

        I likely missed something but you retired after working 5-6 years as a radiologist and can still afford 10K vacation?

         
        I think he is independently wealthy from real estate investing.

        • buckeyeguy

          Member
          September 5, 2023 at 6:02 pm

          Yes he is, and I’m glad to hear that he’s taking advantage of the time off since we typically see eye to eye. I’ve been to Spain before, but never been on a Virgin cruise. Sounds cool.
           
          Back to the average life expectancy of a radiologist. Forget what that study says, even about other physicians because who cares. What do you think it actually is?
           
          I hate to tell you, but 2021 made it a LOT lower for almost all of you. I wish I were wrong.

        • tdetlie_105

          Member
          September 6, 2023 at 5:15 am

          Quote from ChuckI

          Quote from jd4540

          Quote from Re3iRtH

          Your post hit me hard. I called it quits at age 37 – glad I saw through the BS. Comparison and keeping up with the Jonses is a disease.

          Two weeks ago I did a Virgin Voyages cruise through Spain and France. $5K/room with a balcony and hammock, everything on the boat included. I booked two rooms – for my parents and my girlfriend and I. 2 months before that I did the 4 day, 45km, 4200m+ elevation, Inca trail to Machu Picchu. I couldn’t have done this if I didn’t take 8 months off after the military to travel. Those are experiences I will remember forever.

          Life is not lived measuring a lung nodule to make worthless currency. If people figured out how money / currency actually worked they wouldn’t be so obsessed with trading their time for dollars.

          I likely missed something but you retired after working 5-6 years as a radiologist and can still afford 10K vacation?

          I think he is independently wealthy from real estate investing.

           
          Got it. Thanks…They should write a book/start a website, becoming wealthy thru real estate at age 38 despite going to college.med school, residency, fellowship and ?military service is impressive.

          • jeevonbenning_648

            Member
            September 6, 2023 at 6:10 am

            Although being a military officer adds some additional challenges, its somewhat easier being in the military since – no school debt – 50K salary as a med stud, 110K as a resident, and generally the daily volume is a lot slower as staff (with some exceptions). I put in probably 50% of my idle time into learning the real estate investing craft (it is a SKILL), and now built a portfolio that splits off ~13-15K/mo in net cash flow that takes a few hours of my time every year (mostly private placement syndications as an LP), also I don’t claim nor need a $15M net worth like some others do on here, I just focus on replacing my day job income to achieve financial freedom which I’ve done.

            • kstepanovs_485

              Member
              September 6, 2023 at 7:43 am

              Quote from Re3iRtH

              Although being a military officer adds some additional challenges, its somewhat easier being in the military since – no school debt – 50K salary as a med stud, 110K as a resident, and generally the daily volume is a lot slower as staff (with some exceptions). I put in probably 50% of my idle time into learning the real estate investing craft (it is a SKILL), and now built a portfolio that splits off ~13-15K/mo in net cash flow that takes a few hours of my time every year (mostly private placement syndications as an LP), also I don’t claim nor need a $15M net worth like some others do on here, I just focus on replacing my day job income to achieve financial freedom which I’ve done.

              Any advice or resources on where to learn/get into real estate similar to what you’re doing? 

              • jeevonbenning_648

                Member
                September 6, 2023 at 8:06 am

                Depends, the best resource is to learn by doing. I house hacked my first property, a condo in Hawaii. Forums and books are low hanging fruit but they used to be a lot better with less noise. Network, meet with brokers, fellow investors, lenders, etc. Buy property, learn the lingo so you can learn to analyze what is a good and bad deal within a few seconds of looking at the packet, and generally learn how money works, how debt works in real estate (why you are paid 5 ways with leveraged real estate and why the US has the best tax benefits for real estate investors), and once you get really into it you’ll realize that traditional retirement advice and investing in paper assets will take you 10-20 years longer because it does not produce cash flow that replaces your day job income, and the tax incentives are poor compared with RE investing.

                • kstepanovs_485

                  Member
                  September 6, 2023 at 11:06 am

                  Quote from Re3iRtH

                  Depends, the best resource is to learn by doing. I house hacked my first property, a condo in Hawaii. Forums and books are low hanging fruit but they used to be a lot better with less noise. Network, meet with brokers, fellow investors, lenders, etc. Buy property, learn the lingo so you can learn to analyze what is a good and bad deal within a few seconds of looking at the packet, and generally learn how money works, how debt works in real estate (why you are paid 5 ways with leveraged real estate and why the US has the best tax benefits for real estate investors), and once you get really into it you’ll realize that traditional retirement advice and investing in paper assets will take you 10-20 years longer because it does not produce cash flow that replaces your day job income, and the tax incentives are poor compared with RE investing.

                  Good stuff, thank you!

        • ruszja

          Member
          September 6, 2023 at 6:21 am

          Quote from ChuckI

          I think he is independently wealthy from real estate investing.

          He claims to be.