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With The Current House Prices, How Are You Guys Giving Any Saving Advice?

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  • I can't vouch for the correctness of this data, but IF true then encorporating the possibility of relocation seems like a really good idea.

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    • Originally posted by scfr View Post
      I can't vouch for the correctness of this data, but IF true then encorporating the possibility of relocation seems like a really good idea.
      https://www.zippia.com/advice/pharma...lary-by-state/
      This data is pretty spot on, has not budge since I graduated from pharmacy school 15 years ago. You can file this profession under the Richcession pool of jobs.

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      • Originally posted by Singuy View Post

        This data is pretty spot on, has not budge since I graduated from pharmacy school 15 years ago. You can file this profession under the Richcession pool of jobs.
        Medicine isn’t really much different. At my old job, my salary didn’t change for 10 years. That was part of why I left. Urgent care paid better but even there, after 7 years, I’m not making much more than when I started.
        Steve

        * Despite the high cost of living, it remains very popular.
        * Why should I pay for my daughter's education when she already knows everything?
        * There are no shortcuts to anywhere worth going.

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        • Originally posted by Singuy View Post

          Hey preach to the choir. That's why I need to write my book about becoming a millionaire by working at MCD.
          I happen to know a guy that did this:
          Started out working there flipping burgers and making fries in high school.
          Worked quickly up to store manager.
          Got a chance to buy a franchise when his boss retired.
          Wound up owning 4-5 McD's.
          Sold out and retired at about 60, living the good life.

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          • But a lot of jobs are like that for people who don't switch jobs. How much job hopping occurs in pharmacy? Do people get one job and stay for life?
            LivingAlmostLarge Blog

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            • A couple of months ago, I was in a similar spot. Saving up felt like an uphill battle, and the idea of buying a house seemed more like a dream than a realistic goal. It was an especially sensitive topic as I had just entered a relationship, and we were keen on starting a new life together in our own place.

              The pressure was real, and we were constantly questioning our financial strategies. Finally, we decided to explore options outside the overheated markets. That's when we turned our attention to Winnipeg. The property prices there were more in line with what we could afford. We managed to save a significant amount and found options that didn't stretch our resources too thin.
              Last edited by disneysteve; 05-30-2024, 04:17 PM. Reason: link removed

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              • Originally posted by Singuy View Post
                The current house prices and interest rate completely negated my financial lectures to students who will make 120k a year with student loans. I am not even sure what to say when a typical mortgage nowadays are hitting 4k easy. As house prices explode, so does property tax and home insurance. Now I am lost for words and simply telling people to save their way Wholesale fencing supplier and Distributor of modern Fences aluglobusfence.com financial freedom is no longer a choice. The only way anyone can get anywhere is to start living in undesirable places in the middle of nowhere.
                Hi! I totally understand your frustration. The financial landscape has changed so drastically that traditional advice doesn't seem to fit anymore. Encouraging students to look into remote work opportunities could be one solution. If they can work remotely, they can choose to live in more affordable areas without compromising their careers. Additionally, focusing on financial literacy that includes alternative investment strategies might help them build wealth in different ways.


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