Search found 6918 matches

by staythecourse
Tue Jun 18, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 40622

Re: For those who earn $500k+ per year. How'd you do that?

The majority of doctors are not employed. I didn't say the majority were did I? I do believe it is gong to be the majority either through PP employed model OR hospital. My point is those who are unhappy usually have to do with being employed by someone else (hospital or private practice) and not ha...
by staythecourse
Tue Jun 18, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 40622

Re: For those who earn $500k+ per year. How'd you do that?

I chose a career where I knew I'd never make millions. It is stable with good benefits and higher than average pay. Sometimes I dream of chasing the big bucks and wonder what specific skills have lead to people earning ultra-high incomes. If you earn over $500k/year, what's your story? I chose a ca...
by staythecourse
Mon Jun 17, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 13182

Re: With hindsight, what signs indicated you were about to lose your job?

Thus, I resolved early on, to never be an employee. j :happy Agreed. There is no greater feeling in the working world knowing there is no one above you or has control over your fate outside of yourself. Doesn't happen very rare (maybe a couple of times) I've had a patient complain and want to talk ...
by staythecourse
Mon Jun 10, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1635

Re: How to get good at a racket sport without coaching?

We also simply practiced quite a lot on fundamentals, so it wasn't just playing lots of games. Correct. The way anyone improves is through what they call "Deliberate Practice". You have to find your weaknesses and then practice focusing on just improving those weaknesses. In deliberate practice it ...
by staythecourse
Thu May 23, 2019 5:54 pm
Forum: Personal Investments
Topic: Evaluate my choices
Replies: 13
Views: 929

Re: Evaluate my choices

Asking about business cycles and dabbling in oil CCF is not a good start to investing. My advice just focus on these 5 aspects of investing and you will be fine... 1. Make as much as you can so you can save as much as you can 2. Asset allocation is king (stocks/ bonds/ cash) 3. Avoid active manageme...
by staythecourse
Thu May 23, 2019 5:46 pm
Forum: Investing - Theory, News & General
Topic: Mid Caps have outperformed Large & Small for the past 50 years. Yet I see very little recommendation for them. Why?
Replies: 74
Views: 9147

Re: Mid Caps have outperformed Large & Small for the past 50 years. Yet I see very little recommendation for them. Why?

The real question is why weren't they recommended 50 years ago? EDIT: Or 19 years ago? Actually, I first made the case for mid-caps back in 2000 in a discussion of slice-and-dice with Larry Swedroe on the old Morningstar Vanguard Diehards forum. Since I was apparently the lone voice recommending mi...
by staythecourse
Thu May 23, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

masonstone wrote:
Thu May 23, 2019 5:17 pm
Because scopes make several fold more than other services you mention.
[/quote

How about all the other examples I gave? As you can see there are MANY ways of making money in medicine. It is just doctors aren't good about thinking outside the box.

Good luck.
by staythecourse
Thu May 23, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Or, sometimes you will find there is a very specific area you are interested in within your training that you would like to focus on. Lupus, Diabetes, whatever. That sort of thing. It may not be feasible for a Rheumatologist to just come out of training and say “I’m a lupus specialist and I only se...
by staythecourse
Thu May 23, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

If the school offered a language, would do that. But elite elementary does not, so we provide it. Math sucks too, 1700 kids in her first after school math program. For what it's worth, she's been doing math competition since first grade. Believe it or not, this is not considered unusual in silicon ...
by staythecourse
Thu May 23, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

Which is why this thread is 6 pages long and will probably continue to grow. I think we can both agree there is no right answer. Agreed. There is no right or wrong. I think everyone would agree you have to do what is best for you kid and family AFTER closely looking at all the options on the table....
by staythecourse
Thu May 23, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Not sure how this got side tracked to a M.D. vs. N.P. discussion, but the one aspect of that debate that is likely to be true is that most folks will likely want a peds (M.D.) to be the primary care provider for their child. So, I do agree with Mason it would be difficult to build a practice with go...
by staythecourse
Thu May 23, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Would people go to a nurse as opposed to a medical doctor to take care of their kids? I mean, I understand if the nurse works for the doctor so they have oversight of a doctor, but would they actually go to one without that physician oversight? Not having an MD will definitely affect both the numbe...
by staythecourse
Thu May 23, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

However, his ability to carry on a reasonable conversation with someone probably will take him even further. I agree completely. Social skills are SO important in success in life (professional and personal). What I find interesting though is why folks think working extra on academics (in this discu...
by staythecourse
Thu May 23, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: High net worth, elite private or “good” public

I find amazing that people judge the value of a school by arts and sports programs. Nobody seems to say: that school is good, it teaches kids a lot of math, physics, chemistry or biology. That school got gold in math Olympics. Really, sports? The most important thing in a school is to select and se...
by staythecourse
Wed May 22, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

“What’s disturbing about this research is that it shows that even if you distinguish yourself as a great student at a Tier 4 school, and by some miracle you get into a good grad program, you aren’t likely to wind up with the tools you need to ever catch up to those people who went to a more selecti...
by staythecourse
Wed May 22, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

“What’s disturbing about this research is that it shows that even if you distinguish yourself as a great student at a Tier 4 school, and by some miracle you get into a good grad program, you aren’t likely to wind up with the tools you need to ever catch up to those people who went to a more selecti...
by staythecourse
Wed May 22, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by staythecourse
Wed May 22, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

“What’s disturbing about this research is that it shows that even if you distinguish yourself as a great student at a Tier 4 school, and by some miracle you get into a good grad program, you aren’t likely to wind up with the tools you need to ever catch up to those people who went to a more selecti...
by staythecourse
Wed May 22, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

I don't know ANYBODY who is successful who did not do MORE then what is expected at any level of age. That's a bit bold. No need to write off the late bloomers. Not only my own experience, but many others I have seen. Apologize I misrepresented what I meant. I meant "I don't know ANYBODY who is suc...
by staythecourse
Wed May 22, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

“What’s disturbing about this research is that it shows that even if you distinguish yourself as a great student at a Tier 4 school, and by some miracle you get into a good grad program, you aren’t likely to wind up with the tools you need to ever catch up to those people who went to a more selecti...
by staythecourse
Wed May 22, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by staythecourse
Wed May 22, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

If your student is in the middle 80%, public school is probably fine. But in my case, with a star student and a problem kid, private is the way to go. Not true and like anything else anecdotal. No shade on your kid, but my cousin was doing calculus in THIRD grade. I am not kidding. She got one ques...
by staythecourse
Wed May 22, 2019 11:44 am
Forum: Personal Consumer Issues
Topic: Inexpensive way to gain weight
Replies: 54
Views: 2789

Re: Inexpensive way to gain weight

First thing is count up EVERY calorie you are eating through the day so you have a frame of reference. Then go online and put in your ht/ wt. into an online BMR calculator and multiply that by 1.5-2 (for high activity folks) to get your caloric needs to MAiNTAIN. Subtract the two and you will get ho...
by staythecourse
Wed May 22, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

Your expectation for guaranteed benefits is pretty high don’t you think? Should doctors guarantee a good outcome when we initiate a treatment supported by randomized controlled studies demonstrating a significant benefit? No we should not. And yes we are required to bill for our services knowing we...
by staythecourse
Wed May 22, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

For the OP, even consider an urgent care peds practice and just take cash. No schedules just handle walk ins. Heck, I would even rent a bus, fill it with all the stuff you need, and just drive it to the communities. Each day a different area of the city. There are SO MANY ways to make money in medic...
by staythecourse
Wed May 22, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

I work in healthcare and have been in the field for more than 15 years. In this regulatory, financial and competitive field, there is zero chance I would ever suggest that someone open up a small private practice. The sheer amount of money and time spent to meet government regulations, in itself, w...
by staythecourse
Wed May 22, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

- research shows that there is little difference in going public vs private in life salary outcomes (when you control for everything else) This was one of my big reasons of us doing public. IF private can guarantee better pre college education or better test scores or better college acceptances or ...
by staythecourse
Wed May 22, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: Don't add currency risk on top of equity risk
Replies: 68
Views: 5211

Re: Don't add currency risk on top of equity risk

Well, you can think about it from the opposite perspective - you do introduce currency risk (you bet that USD will be doing better than other currencies) if you avoid international :sharebeer This is how I view it as well. The WHOLE idea of diversification is the "don't hold all your eggs in one ba...
by staythecourse
Tue May 21, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

My father is a solo practitioner, and certainly he wouldn't have it any other way. In the California Bay Area, it doesn't seem all that common to open a solo practice, but I'd be interested to know how feasible it is these days. Are you in a metropolitan area? Or do you think it's only possible in ...
by staythecourse
Tue May 21, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: Very High Net Worth, elite private or “good” public

- research shows that there is little difference in going public vs private in life salary outcomes (when you control for everything else) This was one of my big reasons of us doing public. IF private can guarantee better pre college education or better test scores or better college acceptances or ...
by staythecourse
Tue May 21, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5186

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

I work in healthcare and have been in the field for more than 15 years. In this regulatory, financial and competitive field, there is zero chance I would ever suggest that someone open up a small private practice. The sheer amount of money and time spent to meet government regulations, in itself, w...
by staythecourse
Sun May 19, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: High net worth, elite private or “good” public

Parenting is 50% of the equation. 40% is the child. 10% is the school. We debated whether we sent our elder son to private or public. We chose the later. The demographic and environment is quite good, but his academic achievement is mediocre (B and above in all class except math although he mostly ...
by staythecourse
Sun May 19, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Factor ETFs For Diversification Or “Diworsification”
Replies: 126
Views: 7356

Re: Factor ETFs For Diversification Or “Diworsification”

But as we can see from this example theory and reality can turn out to be two very different things. Garland Whizzer This was the essential argument that John Bogle made in his "Telltale Chart" speech. Pretty much, Small Value stocks might have outperformed over many years but for real life investo...
by staythecourse
Sun May 19, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2761

Re: Guidance to Parents With Kids Majoring Computer Science

warner25 wrote:
Sun May 19, 2019 3:15 pm
I think my main takeaway is that it's possible to graduate from an Ivy League school and get a highly-paid job despite writing incoherently. :wink:
Funny I just thought that came with the territory of being a CS guy? Just like expecting bad handwriting from a physician. :D

Good luck.
by staythecourse
Sun May 19, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: Factor ETFs For Diversification Or “Diworsification”
Replies: 126
Views: 7356

Re: Factor ETFs For Diversification Or “Diworsification”

But as we can see from this example theory and reality can turn out to be two very different things. Garland Whizzer This was the essential argument that John Bogle made in his "Telltale Chart" speech. Pretty much, Small Value stocks might have outperformed over many years but for real life investo...
by staythecourse
Sun May 19, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Factor ETFs For Diversification Or “Diworsification”
Replies: 126
Views: 7356

Re: Factor ETFs For Diversification Or “Diworsification”

Nothing to add, but love the term, "Diworsification". Think I might have to steal that one! Good luck. Pretty sure that it came from Peter Lynch. Thanks now I know who to quote when I steal it. Surprised it came from him. Diversification was made big by MPT which really didn't take off until AFTER ...
by staythecourse
Sun May 19, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Factor ETFs For Diversification Or “Diworsification”
Replies: 126
Views: 7356

Re: Factor ETFs For Diversification Or “Diworsification”

Nothing to add, but love the term, "Diworsification". Think I might have to steal that one!

Good luck.
by staythecourse
Sat May 18, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Anyone here own an assisted living facility?
Replies: 8
Views: 1625

Re: Anyone here own an assisted living facility?

My wife and I are considering starting an assisted living facility but we have a lot of research to do before we get serious enough to apply for a loan to start the process. If anyone here owns one can you tell me how your business operates, how much staff, how many beds, positives/negatives, etc. ...
by staythecourse
Sat May 18, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: High net worth, elite private or “good” public

Money no issue? Private. You have input into the process that will be considered. Public...not so much. ETA that public AND private schools have issues and BOTH churn out successful people. But you have already illustrated issues with today's public schools that go on uncorrected. Like I mentioned,...
by staythecourse
Sat May 18, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: High net worth, elite private or “good” public

These days, I think it's more about which profession you choose than where you graduate from (esp. primary college). Bingo. Here is the "secret" about making money in life. One will get paid based on the range of salaries that go with that profession outside of outliers. In my opinion, in relation ...
by staythecourse
Sat May 18, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19700

Re: High net worth, elite private or “good” public

Interesting question and one asked over and over again. I think you really need to decide WHY you are considering private. From what your original post the ONLY reason I would consider it is because you said a couple of your kids are the top of the class. IF the private school can offer MORE academi...
by staythecourse
Fri May 17, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6786

Re: Why do plumbers get paid so well?

All I can say is if someone did not want to go to college I would have NO problem suggesting being a plumber. Be a plumber, do only after hour calls, and advertise a TON and there you go plenty of $$$$. Take some courses at CC in accounting then start hiring other plumbers and start a business. As a...
by staythecourse
Fri May 17, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5912

Re: Does stock allocation truly matter?

BWildt: Yes, stock allocation truly matters and it "matters" a lot. Best wishes. Taylor Sorry he is wrong. Saving is more important. What is an asset allocation or cost going to matter if you save $0 per year? The most important is simply saving AS MUCH as you can. A person who saves a ton even if ...
by staythecourse
Fri May 17, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6166

Re: Guidance on choosing between UMich and Brown

Once you have a CS degree from a top tier school, and both of these are, then the rest is all you. Interesting to know if there is ANY field that this does not apply. Like any other job interview I remember for applying for residencies that once you hit some arbitrary cut off metrics the rest if up...
by staythecourse
Fri May 17, 2019 12:52 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6166

Re: Guidance on choosing between UMich and Brown

Not much difference in the prestige factor so that shouldn't matter much. Two totally different areas and college vibe (sports at Umich and NE vibe at Brown). Different style cities. I would think the choice is down to what he feels he wants to experience for the next 4 years. Good luck. p.s. Have f...
by staythecourse
Fri May 17, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5912

Re: Does stock allocation truly matter?

Does stock allocation truly matter? BWildt: Yes, stock allocation truly matters and it "matters" a lot. "Asset allocation is critically important; but cost is critically important, too -- All other factors pale into insignificance." Jack Bogle Best wishes. Taylor Sorry he is wrong. Saving is more i...
by staythecourse
Fri May 17, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of splitting tuition costs with child
Replies: 77
Views: 3815

Re: Logistics of splitting tuition costs with child

How about just telling your kid you can only afford x and anything more then that they are on their own? I am not sure why so many parents are so reserved in discussing the finances with their maturing children? If you can't afford x just say that to them. Maybe start that conversation Freshman year...
by staythecourse
Fri May 17, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 50331

Re: Selling home- Demanding Buyer (Repairs)

Easy. If you can sell the house without pitching in the cost don't. You have to be sure though. Art of negotiation is all about money and time. Those who have it have the adv. and those that don't don't. As an aside, I sold my last house myself and the BIG take way I will be changing on my next sale...
by staythecourse
Fri May 17, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5912

Re: Does stock allocation truly matter?

Does stock allocation truly matter? BWildt: Yes, stock allocation truly matters and it "matters" a lot. "Asset allocation is critically important; but cost is critically important, too -- All other factors pale into insignificance." Jack Bogle Best wishes. Taylor Sorry he is wrong. Saving is more i...
by staythecourse
Thu May 16, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5912

Re: Does stock allocation truly matter?

Savings rate dominates. People talk about AA a lot, because it allows them to not think about how they could spend less and save more. They also have about AA a lot, because it allows them to think they are in the same league saving $20k/year at "100% stock" as somebody else putting away $80k/yr "c...