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What Career besides medicine/dentistry would you recommend to your children?

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  • #46

    Hands down.. real eatate broker. More hustle = more money and has so many different fields you can go into! Lots of learning and provides a service to people. My uncle is probably hitting > 7 figures annually as an agent alone.

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    • #47




      Tech. I hope all 3 of our kids major is some sort of computer related field.
      Click to expand...


      Agree with this.  New college grads making 150k with no med school, no residency, no fellowship.

       

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      • #48
        @Sneezy,
        https://www.entrepreneur.com/article/309422
        I think your numbers need a little clarification. Location and your field within tech tends to be cyclical and subject to obsolescence relatively quickly. HCOL areas come with a price. Once you get out of the “brilliant “ category things get crowded.

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        • #49




          .

          Erstwhile Dance Theatre of Dayton performer cum bellhop. Carried (many) bags for a lovely and gracious 59 yo Cyd Charisse. (RIP) Hosted epic company parties after Friday night rehearsals.

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          • #50
            Good Life,

            First post here.  30 year FIRE accumulation, maintain background.  Not a doc, dentist or otherwise.  Mech Engineer and teacher spouse, here.  Generally happy with careers and both of us will be FIRE by 52, with semi- embarrassing toys and lifestyle.    Uhhh.  Been looking at the 'my buddy's son/daughter makes' comments.  Here is WSJ data for early, mid and late career with mid and higher percentiles.

            https://online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html

             

            Location matters, but 6 figure careers are generally hard to get to and maintain.  Getting to 6 figures may require a balance of low earnings years and student debt.  Being a participant at WCI, you might be more inclined to value FIRE goals.  I am.  My level-headed teens seem to value FIRE goals...  FIRE isn't earnings dependent, it is saving/investment and total package benefits - earnings at age 22 have a lot of compounding power...

            What do the kids want?  My daughter wanted to be a 'mommy teacher', which was nice.  After many, many conversations about satisfaction, salary, and lifestyle;  she pushed herself and is a 4.6 student in a STEM program.  In her words, she's -gonna get paid.  My son is more well rounded and wants a military career.  He won't say if he (respectfully) want to eat bugs and jump out of airplanes or be a quartermaster.  There is a limit of truly open conversations with kids/parents, but I respectfully submit that a Large salary, may or may not be a necessary goal.

            Kind Regards,

            Chris

             

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            • #51

              CM wrote:1. Investment banking.



              1. Investment banking.

              Terrible hours but no worse than med school, residency, fellowship, or (at least in my case) private practice, and bankers make much more money than physicians. I burned out and left medicine at about 41-42 yo (before returning later). I probably would have burned out on banking by then as well, but I would have been 10-100 times wealthier.
              Click to expand...


              You sure about about? That investment banking, particularly at a bulge bracket bank, has hours no worse than residency, fellowship, and private practice? I've got several friends that are investment bankers and hire them regularly in my current job...and they work a good bit more than my doctor friends.

              If I recall correctly, you did some work in finance, so I'm sure you have an informed perspective - just wondering if this was really your impression.

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              • #52


                6 figure careers are generally hard to get to and maintain.
                Click to expand...


                @newellcr Thank you for the summary. I really feel that some physicians here are potentially a little out of touch with the reality for the vast majority of college graduates. That is not a criticism, more like a function or the other brains they hang around with.

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                • #53

                  .

                   
                  Erstwhile Dance Theatre of Dayton performer cum bellhop. Carried (many) bags for a lovely and gracious 59 yo Cyd Charisse. (RIP) Hosted epic company parties after Friday night rehearsals.

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