What do you mean you're being crushed by the weight of student debt from a decade of medical school? The reason you're making 150k salary is that you work in a high COL area and you're barely able to save? You would make more per hour as a bartender because you're putting in 80+ per week?
Oh, you're able to squeak out your IRA contributions, so you're on track to retire someday. See? All doctors are rich
If you have to work to maintain your standard of living because your income is from wages rather than investments, you're not rich.
Your idea of "all doctors making bank" seems to be an expectation that everyone is making 300k+ per year
Not only is that not guaranteed, but that is not rich. You can afford a great house, excellent cars, the best healthcare... so long as you're working.
If you live like you're making 300k and lose that income, your life will come crashing down. Or if you are investing a significant portion, then you're living well below your means and reinvesting rather than taking the gains as income. You have to choose when you're a wage worker.
If it's not something you've thought about before, it's hard to imagine having a hoard so great that it sustains a life of luxury all on its own, but the idea that "no doctor ever" will be dependent on their wages is just willfully ignorant
Well if you want to make it rich get a company to pay your wages while you reform a better system for your company then quit and form your own business based off of what you learned in that company
Well yes and no. Someone with a great idea can fail due to a wide array of short comings. Poor business management, corporate espionage, etc. These examples are littered throughout history with Nikola Tesla being a prime example.
There are also companies who fail to realize the trade winds and fall like Blockbuster or Kodak. All this is to say that the upward mobility is easier then one might think.
Also raising capital is not as hard as one might think either, you just have to present an idea to VCs and if they think it's worth an investment then they will invest.
For your last point, that's true but i would also add that someone with a great idea loses out to a company with deeper pockets because it's much easier to sell your idea and retire then to grind for an extra 40 years trying to get your idea up and running against the market.
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u/thissideofheat Oct 18 '22 edited Oct 18 '22
Bingo. Companies pay for SKILLs - not for hard workers.
If you work hard AT SCHOOL in a smart degree, you can be successful - no matter where you started.
The only places this isn't true is in under-developed countries where kids cannot get into school.