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Sundayssss spent all weekend with my fiancé transforming “my office”! Head over to my stories to check out the full before & after videos! // I’m obsessed with this new clothing rack we picked out! It’s priced under $100 & definitely worth every penny ❤️ // & for those of you who are new around here or don’t know, this is our buddy Max! he’s a boxsky & very hyper, but brings a lot of entertainment to our home
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I wanted to share something a bit more sensitive/private today. Something that has been weighing on my mind (#taxday) and as we celebrate doctors today, it seemed like the right time to do so.
If you’ve been following awhile (or scroll through my feed), you know that I love my job, my home, traveling, fashion, fitness, and having fun with friends and family.
What you don’t know is that in the past year, we (two doctor couple) spent more paying back student loans than:
the mortgage on our beautiful home,
car payment + services,
✈️ traveling to and within 10 countries,
all shopping,
♀️ monthly fitness memberships,
and more, COMBINED.
Truth is, we still have a long way to go.
Standard repayment after training is over ten years. As a dual income couple, we are working hard to pay this off sooner. But student loans are a real burden for most doctors finally starting their “real jobs,” often in their mid-30’s.
Medical students today graduate with a median debt of $200,000. If you factor in cost of living on top of tuition, $80,000 borrowed x 4 years of medical school which then accrues interest for 5 years of residency easily becomes over $550,000 of debt by “real job” time.
That’s in contrast to physician salaries, which have remained stagnant/decreased over the past decade. Unlike many of our peers who graduate from college and immediately begin increasing their financial net worth, physicians can end up 10+ years out from college with a significantly negative net worth.
According to a 2018 Association of American Medical Colleges (AAMC) report, research projects a shortage of 42,600-121,300 physicians (both primary and specialty care) by 2030.
This is a complex problem with numerous factors (including federal limitations on residency positions) but one thing is certain: doctors and future doctors-to-be need some help in order to be able to meet this demand.
In the meantime, I know I speak for most of my doctor colleagues when I say that I wouldn’t trade this life and sacrifice for anything else. I am truly thankful to be able to help patients lead happier, healthier, and more beautiful lives.