Wow $300,000 for College !

[LivingAlmostLarge]

Vets don't do it for the money. Everyone I know and I had a roommate who became one do it for love of animals. I mean she was working two vet tech jobs for 3 years because she bombed the interviews then got into one of 11 vet schools and I know she racked up something like $300k in loans at Cornell.

And she's paying it back but still loving her job. I have serious respect that she loves it. It's not like some specialities in medicine that make bank.

And we probably need to consider how many people don't go to medical/professional school because of costs? Perhaps the answer is to push for more acceptance and less cost by really pushing people to work in underpriviledged areas.

[disneysteve]

Vets don't do it for the money.

Neither do doctors.

There are far easier ways to make a living. Anyone going into medicine for the money is going to be very disappointed and very unhappy. If you don't have a real passion for it, you'll never last.

[LivingAlmostLarge]

Neither do doctors.

There are far easier ways to make a living. Anyone going into medicine for the money is going to be very disappointed and very unhappy. If you don't have a real passion for it, you'll never last.

Actually more than a few of the smartest people I know didn't go to medical school. They went to nursing or PA because of the time and money commitment. They said it wasn't worth it financially because of malpractice, years of study, etc. They did the MCAT and scored well and could have gone but didn't.

financially if you really run the numbers most doctors/vets/professional/graduate schools you are still in school getting traction by the time Mr Money Mustache retired at age 30. Sigh. If I knew now what I didn't at 22, I'd have worked and saved every penny instead. My DH too. We're both over educated and underpaid probably.

If we hadn't been frugal we wouldn't be in the position we are in now, we're way ahead of most of our peers in our education group financially. But we had to really struggle to catch anyone like MMM.

[~bs]

financially if you really run the numbers most doctors/vets/professional/graduate schools you are still in school getting traction by the time Mr Money Mustache retired at age 30. Sigh. If I knew now what I didn't at 22, I'd have worked and saved every penny instead. My DH too. We're both over educated and underpaid probably.

In hindsight, I feel the same way. But everything is easier in hindsight. I earned a second degree and a minor, which took me 1.5 years longer. If instead, I started my career, it would mean that I'd have been able to earn and save for that period of time, plus I'd be that much farter ahead in subsequent years (in terms of raises, etc).

Say for instance if I managed to save $30k in that period of time and invested in the stock market, which earned a nominal 8%/year for the next 43 years. (age 65) That's over $750,000 by the time I hit retirement age. In terms of saving, what you do in those early years in your 20s matter the most.

[Nutria]

In hindsight, I feel the same way. But everything is easier in hindsight. I earned a second degree and a minor, which took me 1.5 years longer.

The extra education did not benefit you?

Say for instance if I managed to save $30k in that period of time

The cost of that extra education (which seems high for 1974)?

[~bs]

The extra education did not benefit you?



The cost of that extra education (which seems high for 1974)?

Not really, no. I suppose it was good backup degrees, but never needed. The degrees were in finance and economics.

The savings is basically if I worked a full time entry level career job instead of going to school for 1.5 years. Then projected out for the next 43 years with a % investment return per year average (age 22 + 43 years). I didn't factor in the cost of tuition either. But the cost of tuition back when I went to school was only $3k/year.

[Nutria]

The savings is basically if I worked a full time entry level career job instead of going to school for 1.5 years. Then projected out for the next 43 years with a % investment return per year average (age 22 + 43 years).

Ok. But would you really have saved $30K in 18 months in 1974? That also seems a bit extreme for the era.

[~bs]

Ok. But would you really have saved $30K in 18 months in 1974? That also seems a bit extreme for the era.

I graduated in 2005. I think it's actually kind of conservative to what I was actually able to put aside.

[Nutria]

I graduated in 2005. I think it's actually kind of conservative to what I was actually able to put aside.

OK. I got the impression that you're hitting retirement age.

[~bs]

OK. I got the impression that you're hitting retirement age.

sorry about that. I tried to clarify in my other post, but I guess still wasnt clear. I agree if it was $30k in 1974, that would be A LOT of money. lol