White Coat Investor wrote: ↑Thu Oct 22, 2020 6:53 pm
nigel_ht wrote: ↑Thu Oct 22, 2020 6:26 pm
White Coat Investor wrote: ↑Thu Oct 22, 2020 5:51 pm
geerhardusvos wrote: ↑Thu Oct 22, 2020 2:45 pm
White Coat Investor wrote: ↑Thu Oct 22, 2020 11:18 am
Because they felt passionately about helping other people and contributing to the world around them in some meaningful way. Maybe not every last one of them, but certainly most of them.
Right, and I’m passionate about helping others as well and in order for me to do that to its fullest extent I need to work for a few more years in a job that I would rather not do. The grind that medical school is and night shifts are is extremely equivalent to my big tech career which is going to allow me to significantly give back to my family and community in my next venture. Am I wasting the next three years of my life by saving up another $500,000 in job I would rather quit even though it's mostly tolerable?
You still haven’t commented on the fact that most people, including doctors, who are given enough money to where they are financially independent would actually quit their job or significantly change what they do. Does that mean they’re wasting their best years? I think that’s the rub here that you haven’t commented on... I think if you are honest, the generalization you made about it being “sad” that someone in their 30s would only work for money (even for a time) is wrong and hypocritical.
When I have polled multiple audiences of physicians almost none would quit completely if given $10M, but they'd almost all work less!
“One survey found that on average, 45% of resident physicians experience burnout. This ranged from 29.2%-63.8%. The prevalence of career choice regret was between 7.4%-32.7%”
“The most recent findings were similar to 2016 with 79% of primary care professionals reporting burnout. This is higher than the 54% of specialists who reported similar symptoms. But of both groups, more than one-third would not recommend their profession to a younger family member.”
Random google so I haven’t checked sources but somehow I think you are painting a rosier picture than reality...
Those two facts are not mutually exclusive. Lots of people reporting burnout would very much like to work less and have a million bucks but not necessarily stop practicing medicine.
A lot of us medical folks hate the career and love the work.
I retired very early because it was literally killing me.
Thankfully, I don't financially need to work anymore, so that's a huge blessing. However, I'm considering going back to school to specialize in a less demanding specialty so that I can work part time, low stress, indefinitely. I LOVE the work, but the career is a god damn grind that chews a lot of us up.
I also wouldn't recommend it to young people, it's lovely as a paid hobby, but damn, that's an expensive and brutal path to take for work that sucks as a career for many.
For me, I want to keep working forever. My best life includes some degree of work, and probably always will. However, I have pretty finicky standards for what work I'll do. Having gotten to a level of work satisfaction and autonomy, I don't accept paid work easily anymore, it has to be right, and I have to be able to walk away.
There are some people who truly benefit from not working at all, they do exist, and do thrive. However, I think it is probably accurate that they are rarer than people assume.
Whether paid or volunteer, the vast majority of people thrive when feeling useful and valued for their usefulness. I think this is the point WCI is trying to make about how many people might thrive if only they found the right kind of work for them. I do, however, think it's common for med folks to over estimate how easily gratifying work is found.
What's tragic is that people spend so many years in careers that don't allow them to thrive, they become convinced that that's what work is. If it's paid, it's bull. No exceptions.
Basically, if someone never gets the chance in life to get paid for having A LOT of fun being rewarded for being marvelously useful doing something they enjoy...well, that is kind of sad. It's a pretty neat way to live, IME.
That said, I TOTALLY agree that literal barista type jobs don't equate to low stress. Low pay should never be confounded with low stress. I went to school for over a decade specifically to avoid having to do low paying, gruelling, thankless jobs. Thankyouverymuch.
Overall, I think that if someone has a good sense of their ideal post-work life and it doesn't include any kind of paid work, then who are we to question it?
However, if they are like most people who have a hard time envisioning what their ideal life could look like? Do they not love their current job? Then it might be worth considering dumping the current plan and trying something different, perhaps some more rewarding work.