How Much Money I Make as a Doctor!

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Here is how much money I make as a Family Medicine Doctor! Medical School loans can be very intimidating so let me know if you all have any questions about them in the comments below!
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Опубликовано:

8 янв 2021

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Комментарии : 101

@chrismcgowan5180 3 года назад

I like this new generations disconnecton from money. In the past it would be unheard of to even tell your friends what you earn. This is much more healthy

@vnicknguyen 3 года назад

It also helps that with residency it’s pretty much standardized across the board, but i agree. I never understood the taboo of saying your income...

@edwing8895 3 года назад

For real. I feel real examples are needed, and not some secret.

@karinaayala8088 3 года назад

Thanks for talking about this, not many people like to talk about money.

@doctor_ej 3 года назад

Thanks for watching 😁

@crabbypadty393 3 года назад

I appreciate the transparency of the numbers. Seems like the hospital is hiring you for slave wages as a “resident” to get discounted help and treatment from you. The 600$ annual food and 500$ CE is insultingly low. I like the talk about student loans. I think it’s important to highlight as a contrast to the high wages a doctor can make.

@doctor_ej 3 года назад

Thank you, and yes, we are a slave to the hospital and to our loans. Don't get me wrong, I am grateful for the opportunity to learn and train in this environment but hospitals know this is our only way to payback our loans and they take advantage of it for sure.

@DocPortland 3 года назад

Most people don’t realize for the first four-five years of a doctors residency, the nurses are making more money... EJ this was really good info.

@doctor_ej 3 года назад

Thanks a lot!! 😁

@cristophermarrero5284 3 года назад

Awesome video! Thanks for all the information!

@Jm1994Super 3 года назад

Was not expecting you to be so transparent! Thanks for the info!

@doctor_ej 3 года назад

Thanks for watching!

@tw1410 3 года назад

As an MS4, I found this video incredibly helpful! Thank you for being so transparent and sharing some of your insight on the financial aspects of medical school / transitioning to residency. Looking forward to your upcoming videos!

@doctor_ej 3 года назад

Thanks for watching! If you ever have any questions or video requests, be sure to let me know!

@valentinejadoul851 3 года назад

My husband and I were literally talking about this today... We're both in our first year of med school and it's so nice to get that info from you! Thanks!

@doctor_ej 3 года назад

Thanks for watching!!

@eiansymobile7988 3 года назад

A very transparent video! Thanks for giving us the idea on how doctors in training is really experiencing it! 😊😄

@doctor_ej 3 года назад

Thanks for watching!

@rahulpatel1356 3 года назад

love how this breakdown helps so much.

@doctor_ej 3 года назад

Glad you found it helpful!

@skinnyman112 3 года назад

Love this content, great video!

@doctor_ej 3 года назад

Glad you enjoy it! Thanks for watching!

@gs-ru6zd 3 года назад

Wow-what an informative video!

@kevinmeek 3 года назад

Great content!! Thanks For being willing to show us the details. As a second-year med student, I would be very interested in further videos on this topic

@doctor_ej 3 года назад

Thanks for the feedback! I will definitely make more vids on this. Any requests in particular?

@doctoronthemoon 3 года назад

This is an amazing vid Ethan! Thank you for sharing this as this is important for people going into medical school and people in medical school to realistically gauge how much they'll be making to pay off their loans and deal with living expenses! I've been watching your vids since you were in undergrad and you definitely inspired me to keep grinding to reach and finish med school (MS3 here). P.S. been seeing the comments and from my years of following you, I'm pretty sure you're a doctor who graduated with an MD degree and has passed the licensure examinations to treat and care for other people. Don't let anyone say otherwise!

@doctor_ej 3 года назад

Thanks a lot Neil!!

@MatMenezes 3 года назад

Really helpful video. Thank you

@doctor_ej 3 года назад

Glad you found it helpful and thanks for watching!

@fireball27340 3 года назад

very insightful!

@doctor_ej 3 года назад

Thanks!!

@jdawq1989 3 года назад

love the transparency. Not many are willing to share pay rate and rightfully so they are not obligated to; However, I do believe it is beneficial for those that are seeking to pursue this field of work. Best of luck to you on all your endeavors, Doc!

@doctor_ej 3 года назад

Thanks a lot!

@8moves 3 года назад

Best of luck. Great video.

@doctor_ej 3 года назад

thank you!!

@christonrichards294 3 года назад

That money part had me laughing 😅😅😅

@doctor_ej 3 года назад

😆🤣 I’m glad someone did! Haha

@joshpuma58 3 года назад

Third year med student. Thank you man.

@doctor_ej 3 года назад

Thanks for watching! Best of luck man

@anasguitouri1377 3 года назад

great video bro

@doctor_ej 3 года назад

thanks my man, I appreciate it!

@DabidRobinson 3 года назад

New subscriber here! Nice video

@doctor_ej 3 года назад

Thanks for subbing! I appreciate your support and let me know if you ever have any questions or video requests!

@madisonmooring8001 3 года назад

Great video honey 🍯

@doctor_ej 3 года назад

Thanks! 😘😘

@hunterbreslin479 3 года назад

Great video, love your content Ethan! Would you say it's been worth it so far, having all this debt, going thru the years of schooling, and still having to wait another four years before you can really start making any money and any progress towards paying off your loans? I know passion is what's most important but there's no way I could handle all the debt lol. I'm the first person in my family to graduate from college, and I busted my ass for the four years to graduate with zero debt, and it just honestly felt like I wasted four years of my life. Just curious on your thoughts about all of this... maybe a future video idea, idk haha.

@doctor_ej 3 года назад

There are a lot of layers to the answer of this question, and maybe I can expand on this in a future vid, but for a short answer I would say so far yes. I find enjoyment in what I do (definitely not all the time and the hours do suck), but honestly I don't regret my decision. Hypothetically if everything were wiped away (including loans) and I lost my license, would I do the whole journey over again? Probably not haha. It is a taxing journey that I think 1x is more than enough to go through.

@joejose 3 года назад

It's a good thing (& for the algo!) I paid off your truck!😅

@doctor_ej 3 года назад

PTL! hahaha

@Kittendoc 3 года назад

Thanks for this video! MS3 here, Did it say how long it would take you to pay off your loans $2830/month with interest?

@user-zj9kw9lh1i 3 года назад

So basically your getting payed minimum wage your first year out of medschool for a couple of years .

@doctor_ej 3 года назад

Almost lol

@MohamedAhmed-wc3pw 3 года назад

Can you talk about Loan forgiveness

@doctor_ej 3 года назад

Yes!

@edwing8895 3 года назад

TIP: As a Pre-Med student and as a tax preparer, please make sure you’re SINGLE and 0 for # of claims/dependents (don’t claim yourself). If not adjust your W-4 and state withholding as well.

@uchechukwuukachukwu6274 3 года назад

Please cover more financial topics

@doctor_ej 3 года назад

Will do!

@hayitsj21 3 года назад

Would you refinance? I know residents with 350-400k in debt so your debt is still decent lol I would like future videos on your strategies on paying it off!

@joshmcgoo 3 года назад

if you refinance you need to start doing minimum payments, which is a lot on a resident's salary. You also don't qualify for PSLF if you refinance. Most people wait until after residency to refinance.

@hayitsj21 3 года назад

@@joshmcgoo Oh, interesting. Good to know, thanks!

@doctor_ej 3 года назад

I will probably refi my private loans with sallie mae as this loan isn't elligble for any type of repayment program, but like Josh said, I most likely won;'t refi until after residency and then I will make aggressive payments. I'm not interested in any PSLF program. I don't trust waiting 10 years to hope my loans are forgiven by the end of it because things can always change. I will address this in a future vid! If I were to refi my fed loans now, I would potentially still have to make greater payments than what I have to make now through one of the fed repayment programs (REPAY, REPAYE, IBR, etc.)

@hayitsj21 3 года назад

@@doctor_ej Makes sense! and that'll be great if you do make that video.

@saifkhan3 3 года назад

Can you make a video on why you chose family medicine?

@doctor_ej 3 года назад

Yes!!

@saifkhan3 3 года назад

@@doctor_ej yay can’t wait! MS1 here been following you for a few years, probably since you were an MS1 😂

@doctor_ej 3 года назад

Thanks for the continued support!

@Blyatmans 3 года назад

It's really not about the money, most doctors in europe make under 100k, it's all about the passion

@anasguitouri1377 3 года назад

so trueee

@chrismcgowan5180 3 года назад

not even close, european doctors make bank, well above 100k, all told

@gabrielschima4354 3 года назад

Euh you mean NHS... I can name loads of countries Netherlands, Luxemburg, Germany, Switzerland, Austria and Belgium where you make more as a consultant. Maybe not as psychiatrist or general practitioner but there are other specialities were you can make money and you don’t start with big debt in Europe

@gabrielschima4354 3 года назад

I want to start working in Switzerland as I speak German and french but did my studies in Germany which is really cheap. I was able to even save money from jobs during my medical studies

@bruhhmomentumm 3 года назад

Its not all about the money sure, but it's not all about passion either. It's a bit of both. In America, it's a $200-250k decision. Even if one agrees to make the decision to become a physician, it's not guaranteed. It would be irresponsible to just make such a heavy decision before thinking about the money just because you like it. With that logic, I would just stay home, lay in bed, and watch movies all day because that's my passion lol.

@joshmcgoo 3 года назад

commenting for the algorithm

@doctor_ej 3 года назад

much love bro

@GrillWasabi 3 года назад

Omg wow that's it? I make $60k in manufacturer.

@doctor_ej 3 года назад

Pretty sad right? Just temporary tho

@GrillWasabi 3 года назад

@@doctor_ej yeah that is sad especially you spend a lot on student loans!

@doctor_ej 3 года назад

Yup!

@joshmcgoo 3 года назад

Do you guys get to moonlight after intern year? Never really know how much that pays

@doctor_ej 3 года назад

There are 3 criteria I think we have to meet to moonlight. 1.Pass step 3 and obtain our full license. 2. Score above 25th percentile on our yearly in-training exam 3. I believe pass all rotations intern year. Luckily I have already done #2, I probably wont take step 3 until early summer this year. But yeah most moonlighting opportunities pay around ~$100/hr and you have plenty of time to work multiple shifts a week 2nd and 3rd year. It is possible to make a big dent in your loans with moonlighting during residency,

@madisonskyler7567 3 года назад

@@doctor_ej what is moonlighting?

@doctor_ej 3 года назад

Working an additional job (in this case usually at urgent care clinics or smaller EDs) during your residency training for extra income! Can be external (outside hospital) or internal

@DA-bb1jc 3 года назад

You should probably clarify the title and replace "doctor" with "resident" or "resident doctor"

@KoasterKid95 3 года назад

Why? He's a doctor regardless.

@igol7_26 3 года назад

He earned his Doctorate of medicine...so he is a doctor so get off his ass

@doctor_ej 3 года назад

residents are doctors, and addressed as dr. by all staff (including attendings) in the hospital. I never said attending salary in the title 😁.

@DA-bb1jc 3 года назад

@@doctor_ej yes but resident salaries are dif than practicing docs - hence why it might be misleading

@andy1979 3 года назад

@@DA-bb1jc This title is good for the youtube algorithm. For someone who knows nothing about the medical field, "resident doctor" isn't going to be captivating.

@arqumabdulah2796 3 года назад

72 HOURS A WEEK😮😮so greys anatomy IS realistic😭😭

@doctor_ej 3 года назад

ahahaha ehhh... i wouldn't go that far 😂 but yeah hourly, thats pretty typical of intern year. Most primary care specialties weekly hours drop after intern year.

@MrDyssonance 3 года назад

Uh...you mean FM PGY1 ? You're not an attending...kind of misleading. I would be careful labelling yourself as a "doctor". Yes you have your license, but you're still in Residency...

@hayitsj21 3 года назад

Yeah, his title is misleading but residents (regardless of year) are doctors so he can label himself as one, he just needs to add 'resident' in front.

@megane.7792 3 года назад

Right, there’s so many videos like this made by resident doctors, not actual attendings

@MrDyssonance 3 года назад

@@hayitsj21 Ive never seen residents introduce themselves to patients as “doctors”(Im a med student). Its a clear distinction.

@hayitsj21 3 года назад

@@MrDyssonance What... Once you graduate med school you have a doctorate degree, you automatically get the title Dr. in front of your name. That's the same with PhD graduates. I've heard residents introduce themselves as "Hi, I'm Dr._________ and I'm a resident working with Dr. _________." You wouldn't say that when you're doing rotations but as a resident, you are a doctor. It's pretty clear you're a student.

@doctor_ej 3 года назад

That's odd... I always introduce myself to patients as doctor. Attendings introduce me as dr. and call me dr. in front of other staff. All staff on campus address me as dr. How do residents introduce themselves where you study? Hi, I'm Resident "X"? Honest question because I've never heard of this before. And no where in the title does it say attending salary 😁. Regardless if you were expecting to see an attending salary, I did disclose how much attendings usually make as well.