Wut
So it has been awhile since my last post, and my last post was a cheat since someone threw me the content.
OK.
I’m just posting to say I’m still here stacking paper. You have to realize it’s near impossible to write about medical school since I’ve been out of the game so long now. If someone wants to take over, post a comment and we’ll go from there. I don’t even really check the mail on this site anymore.
Cheers!
Hoover
Friendly Theme
Hey all, I’ve updated the theme used here at MedSchoolHell.com. I know there were some problems with the old theme, particularly with Safari-based browsers (Safari, Chrome) rendering comments in an all-too-fucked-up manner. That should be fixed now.
I’m keeping it simple as I want to focus on the content without the flare. It’s still incomplete at this stage, but I’ll get it finished at some point. If shit looks crappy in Internet Explorer, it’s because you suck. Get a real browser, please.
Just giving a heads up.
Why You’ll Never Get Rich In Medicine
Let’s assume that you’re a partner in a practice or an emergency medicine doc or a hospitalist somewhere. Let’s also assume that I own a pencil manufacturing plant. We’re also assuming that this is a scenario to illustrate a point. Thanks for playing along…
I get an order for 100,000 pencils. I fulfill the order and profit. I leverage my employees to create pencils for me and fill the order. If I need extra help for the order, I hire it.
You get an order for 100,000 patients.
You can only feasibly see 50 patients per day, so you tell approximately 99,550 patients to go elsewhere. You can’t hire extra help to see the patients because the extra help eats all of your bottom-line profit.
The Service Business
My point is that medicine is a service business. You can only do so much yourself when you’re serving others. If you want to progress beyond a certain income level, you’ll need to figure out a way to duplicate yourself. We can’t duplicate ourselves, so game over. Service businesses lend themselves to income caps. Income caps don’t play nicely with large (very large) incomes.
In other words, if you want to get rich, you need to get out of the service business. Which means, getting out of medicine. Sure, medicine will give you an incredibly “comfortable” life. I got tired of watching my parents be “comfortable” and decided to change. Will you?
There’s nothing wrong with banking a couple hundred thousand per year in medicine and living comfortably. But, you’ll never be rich so get used to that now. People all around you are making 5 times your income and working less than half of the time of your favorite attending. It may not seem like that or that cut and dry, but just trust me when I say that it’s true.
It’s all about passive income, and medicine alone doesn’t afford a passive income. You’ll always need to see patients or sign out a case to get paid.
And, that’s not the way to live. In my opinion, anyway.
Discuss.
MSH Forums
Awhile back I had requests to set up a forum. I never got around to it, but here they are now. Nothing fancy, hell it doesn’t even match the main site. But, I’m about to retire the old MSH theme and get a brand spanking new one, anyway.
So, here it is. I’ll try and answer questions as much as I can, but I’m pretty much leaving it up to you guys to get shit started. If it dies I’ll pull it, but hopefully it can be a decent resource once some solid discussions get going.