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What They DON'T Tell You About DOCTORS - YouTube
Channel: Med School Insiders
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if you think doctors are hard-working
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intelligent
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and caring you're not wrong but that's
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only a small part of it
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here's what they don't tell you about
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doctors and the unintended consequences
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dr jabal med schoolinsiders.com those
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who enter medicine to become doctors
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are usually more risk averse than the
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average person
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after all medicine is a safe profession
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whereby if you work hard and stick to
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the path you'll achieve the common
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definition of success
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why is medicine safe it's a profession
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where the risk benefit analysis
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is relatively favorable it's always in
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demand no matter what is happening with
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the economy or
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world events people will always continue
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to get sick and require health care
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there's prestige and respect that is a
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result of the rigor
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and competitiveness of training in
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medicine you're also guaranteed to make
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low to mid six figures
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at least in the united states by simply
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following the formula
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and sticking to the path there's little
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uncertainty and risk in medicine
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the most obvious of which being unable
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to get into medical school
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after medical school there is a risk of
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going unmatched or not being able to get
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into your desired specialty
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although that is highly dependent on
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which specialty you choose
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for these reasons those that go into
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medicine are often the ones who don't
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feel the need to rock the boat or
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challenge the status quo they were
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hard-working students with good grades
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who are
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okay playing by the rules and working
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within the system
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on the other hand the more rebellious
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students or the ones who challenge the
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system
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were less likely to get straight a's or
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jump through the hoops necessary to
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become a physician
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there are of course plenty of exceptions
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and risk aversion in one's professional
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life
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doesn't preclude them from being a risk
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taker in other areas
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i like speed and frequent the racetrack
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and i know plenty of physicians
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often emergency medicine docs who love
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climbing and
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other riskier sports but the trend on
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average
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is that doctors are risk averse when it
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comes to their professional lives
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and still there are exceptions since i
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clearly took a massive risk
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in betting on myself and my business and
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walking away from a lucrative and safe
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career as a plastic surgeon
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doctors are also notoriously bad with
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money sure once you're in attending
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you'll be a high income earner
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somewhere around two hundred and forty
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thousand dollars per year if you work in
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primary care
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or somewhere around three hundred and
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forty thousand dollars if you're a
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specialist
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but overall physicians are bad with
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money and are frequently targeted by bad
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actors that want to take advantage of
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their high income
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i find there are three main reasons
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physicians are bad with money
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first the subject of money is relatively
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intimidating as
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most have six figures of student loan
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debt it's easier to stick one's head in
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the sand and
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think you'll worry about it later after
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all you'll be making good money so
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it'll just take care of itself right
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second
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medical school and residency is
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incredibly time consuming and
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taxing between studying research
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impressing your seniors
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working on applications and trying to be
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healthy there's
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little time to learn about new things
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and third
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most college graduates begin earning
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around the age of 22
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but physicians don't have any income
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until residency
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which usually happens no sooner than 26.
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their real income only hits as an
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attending usually around the age of 30
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or later it's reasonable to educate
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oneself about money and investing
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only once you have an income not
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necessarily before
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this means doctors are late to the game
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of financial education
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you'll be hard-pressed to find anyone
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who regrets learning about finances
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too soon if you're in college or medical
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school now is a great time to educate
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yourself
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and i'll be creating more financial
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videos on my kevin jubal md
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channel by pushing off your financial
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education you're prone to become one of
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the
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many doctors living paycheck to paycheck
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despite having a
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six figure salary this is a common fate
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as physicians are exhausted after
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working their tail off for 11 to 16
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years before enjoying their attending
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salary
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by that point they want to treat
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themselves and they deserve it
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but not taking saving or investing
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seriously
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will bite you hard doctors get a bad rap
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when it comes to relationships
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the belief is that because physicians
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are busy they make for
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absent partners and must have high rates
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of divorce
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according to the 2021 medscape physician
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lifestyle report
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75 to 90 percent of physicians are in
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committed relationships
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out of those who are married 87 report
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their marriage as good
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or very good surprisingly doctors have
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lower rates of divorce
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compared to nurses healthcare executives
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or lawyers
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and in terms of dating within the field
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44
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of physicians partners are also in
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medicine more specifically
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18 of partners are also physicians and
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25 percent
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are another type of health care
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professional this shouldn't surprise you
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as humans we tend to have partners based
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on proximity meaning who we spend the
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most time around
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since medical students and doctors spend
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so much time in the medical setting
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it's only natural that many will find
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their future life partners in the
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hospital or clinic
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amongst physicians there's also a wide
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range in lifestyle
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the average neurosurgeon will have less
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time to devote to their relationship
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than the average dermatologist i found
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it interesting that psychiatrists have
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one of the lowest rates of happy
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marriages
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which i presume is in part due to their
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partner feeling like they're being
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psychoanalyzed
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i'm curious what you guys think about
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this leave a comment below
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and if you want to explore the realities
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of dating and online dating in medical
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school and residency
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i have a dating playlist on my personal
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channel
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link in the description depending on the
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survey up to 50 percent of physicians
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regret pursuing medicine or wouldn't
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recommend their kids become doctors
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but on the other hand many people who
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didn't pursue medicine in their 20s
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feel regret and wonder what if and some
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number pursue medical school as
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non-traditional students later on in
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life this is the phenomenon of the grass
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is always greener on the other side
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and it's a reflection of human
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psychology more than a reflection on the
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field of medicine
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as much as i emphasize that you should
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only go into medicine
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if you are truly passionate about it and
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are going into it for the right reasons
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a large component of your ultimate
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outlook also comes down to your
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perspective
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and average level of optimism or
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pessimism
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you'll see doctors who are unhappy for
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very valid reasons
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including the heavy burdens increased
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charting and various bureaucratic
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inefficiencies that eat into their
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ability to take care of patients
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you'll see other doctors who despite the
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downsides of the profession
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are focused on the unique gifts of the
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field and continue to find their work
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deeply rewarding and satisfying i've
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come across
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several people who were making
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comfortable livings in another
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profession
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but they were unable to find greater
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meaning and purpose to their work
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when you're strapped for cash making
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more money is the main thing weighing on
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your mind
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but making money only solves your money
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problems
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once this is addressed we go up maslow's
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hierarchy
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as humans we need to find a greater
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purpose and meaning to our lives other
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than
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hedonism else we face angst and negative
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emotions
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medicine is special and that it provides
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a unique opportunity to intimately
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connect with other humans on a personal
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level
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and help them in their greatest moments
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of need that's something
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special and truly rewarding no
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profession can give you everything
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you get to pick two easy meaning and
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money
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medicine is certainly not easy but it
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provides a significant source of meaning
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and
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a high income there are other avenues in
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healthcare that provide meaning and are
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much easier than the physician training
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path
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but your income will be lower what are
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some other things that people
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don't know about doctors let us know
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with a comment below
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if you enjoyed this video you'll like my
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playlist about dating in medical school
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or whether or not it's possible to enjoy
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medical school
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much love and i'll see you guys there
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[Music]
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you
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