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Damn you taxes...
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<blockquote data-quote="Overpaid Union Thug" data-source="post: 1754450" data-attributes="member: 198"><p>Keep in mind that allot doctors suffer from something called <em>DOCitus. </em>Its where a doctor starts spending allot of money as soon as they start getting that doctors pay after they finish their residency. Some start during the residency. So, as soon as they get settled into their practice they've already accumulated some pretty hefty debt by purchasing a lavish house that's furnished with all the latest designer furniture and gadgets and, of course, a brand new BMW or Lexus.</p><p></p><p>Factor in their student loan debts and what you end up with is someone that is very "house rich and money poor". Their debt to income ratio ends up being similar to the average American that makes much less than them. I learned about DOCitus from a couple of doctors that I used to work with in the Air Force. I have asked a couple of docs about it over the years as a driver and a patient and they both laughed when I asked. I also know a guy on this forum (part timer) that married a doctor fairly recently that went through this. LOL</p></blockquote><p></p>
[QUOTE="Overpaid Union Thug, post: 1754450, member: 198"] Keep in mind that allot doctors suffer from something called [I]DOCitus. [/I]Its where a doctor starts spending allot of money as soon as they start getting that doctors pay after they finish their residency. Some start during the residency. So, as soon as they get settled into their practice they've already accumulated some pretty hefty debt by purchasing a lavish house that's furnished with all the latest designer furniture and gadgets and, of course, a brand new BMW or Lexus. Factor in their student loan debts and what you end up with is someone that is very "house rich and money poor". Their debt to income ratio ends up being similar to the average American that makes much less than them. I learned about DOCitus from a couple of doctors that I used to work with in the Air Force. I have asked a couple of docs about it over the years as a driver and a patient and they both laughed when I asked. I also know a guy on this forum (part timer) that married a doctor fairly recently that went through this. LOL [/QUOTE]
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