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You were looking into teaching, too, right Scanner?
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Yes, I was and still am.
I may be facing the biggest decision of my career. Right now, I think a university in the Poconos is interested in me (I'm at least a bonafide candidate).
As you note, I'd get tuition (not room and board) for free for 2.5 kids (one's in the oven), our house would effectively be paid off, health benefits, disability and other little perks (403(b)).
So. . .no mortgage (or a very small one for a 4BDR house on a half acre).
However, my wife's career has really taken off. She just got an award for "Manager of the Year" at a local hospital system. We have good health insurance through her and don't think I don't appreciate that, being self-employed.
However, we live in a high tax, high car insurance, high cost of living state.
I'd like to "cash out" of business at some point in the next 2-3 years, pay my capital gains, and invest the money. We aren't talking a lot of money nowadays as medical/dental/chiropractic practices have lost a heck of lot of equity in the last few years.
I'm probably no exception.
I read a blog the other day of a family practice MD who got $16,000 for his business and another family MD who had made $23,000 within 10 months in his private practice.
The climate is getting worse and I'd really like to take my chips off the table.
I don't mind staying in business, if the wife is happy. It turns an average profit and I can set my hours back and be less available to patients. I have concluded it's not worth being overly available and dedicated to them as they hand you a Blue Cross Card and think that covers things.
They aren't dedicated to you (provider lists is where their loyality lies) so there's no use being available 24/7.
After all, the money to be made in healthcare at this point is "managing" doctors and practiticioners, not actually practicing health care. So, I'd like the DW to stay put and manage healthcare from afar.
I was also reading of cardiothoracic surgeons actually having problems.
Wow. . .I'm rambling and free associating. . .sorry.