Ok, I was talking with a good friend the other day who is in his first year of med school. I asked how it was going, and he explained how busy he was, and how long he has yet to go. I told him it would pay off, and he proceeded to tell me that doctors are not paid what they used to. We found it odd looking back at our college buddies some of whom dropped out of college to party more, others who got generic worthless degrees, all are very successful now. I can think of at least 6 friends who are making over 150k right now, and have been for the past few years. A few doing real-estate, one bought a franchise through the 60k+ he earned each summer doing sales. One selling medical supplies, etc, etc, etc.
So with the time value of money, and invested properly, they can retire early. Sure my buddy in med school will be doing great in 7 or 8 years, but during that time he is missing out and working extremely hard and will have 200k+ of student loans.
Don’t get me wrong, there is nothing wrong with working hard, but today’s economy seems to favor the less educated sales type.
A bit frustrating when the economy favors those with no responsibility for peoples lives. And those who have a minimal contribution to society.
Any thoughts?