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01-16-2009, 06:39 PM
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#76 | | Rs has made me the man i am today!
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my family doctor makes $250K.. not bad, he has his own little office in cloverdale. don't know if he still has a mortgage or anything like that tho..
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01-16-2009, 06:55 PM
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#77 | | I don't like cheese but I love milk!
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Originally Posted by achiam  Really?? How could I even begin to mortgage a house in Shaughnessy or West Vancouver, have two or three kids, and travel annually?
If you think about it, there are LOTS of people who live in the West Side or North Shore. $200K clearly isn't enough to support that sort of lifestyle, let alone take family trips....
I'm not saying that $200K is bad, in fact its outstanding. But the reality is there are oodles of people who earn far more than that, even in Vancouver.
Another thing overlooked is malpractice lawsuits. I worked with and personally know one of the Eye Specialists listed, and he raked in $1.3M on that list. What you don't see though, is being sued by companies and such. The specialist I know was sued $10M CAD by a biotech pharma company after he reported that their product was flawed and carried risks. Not only was he sued and had to pay out of his own pocket to defend himself, he even had break-ins where the thieves mysteriously left everything in his house but went only to his study and searched his papers! Anyways, on a tangent. | What sort of lifestyle is enough than?? I mean, for some people, even 10 millions a year won't be enough to support their lifestyle.
It is all relative, but $200,000 per year will already put you in the top 1-2% of the population in terms of income in Canada, and I think that's VERY good for a career that wasn't meant to be about money.
Most very rich ppl made their money thru investment and business venture.
btw, why a person making $200K a year can't afford a house in west van?
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01-16-2009, 08:05 PM
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#78 | | manage the cap you say????
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poor ass doctor rofl
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01-16-2009, 08:40 PM
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#79 | | I WANT MY 10 YEARS BACK FROM RS.net!
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many of you guys are forgetting the obvious:
overhead..student debt..licensure fees...crazyass tax...med equipments.
they deserve this money after their residency torture!
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01-16-2009, 08:44 PM
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#80 | | I Will not Admit my Addiction to RS
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cant fine mine *shrugs
do these include family doctors?
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01-16-2009, 08:49 PM
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#81 | | Captain Happy Bubble is my Homeboy
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Originally Posted by AJL i am surprised that only 20 or so of those doctors have broken the million mark | it is pretty difficult to break the million mark, unless you are well accomplished. The average is 250k~325k.
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01-16-2009, 10:12 PM
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#82 | | My homepage has been set to RS
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Originally Posted by static Then deduct 55% for tax.... | umm no, they dont need to pay taxes on expenses, they are a write off. Quote:
Originally Posted by hayai From quick scanning of the salary  some doctors get up to 1.5million! I realize some doctors specialize in their field but, why is there such a large gap between a lot of the doctors salary? |
some of them dont work full time, lots of them work only part time, some work for CBI physio type of places. so they pay lots of fees, some have thr own practice...... pluz some are specialist, some general prac.
plus dont forget dr. have to pay tons of insurance fees, as they have lots of liability.
and of course, many dr scam the gov. overbilling, etc etc..
that been said, dentist on general have more liquid cash and then pharmacist.
Last edited by tool001; 01-16-2009 at 10:13 PM.
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01-16-2009, 10:30 PM
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#83 | | Banned (ABWS)
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Originally Posted by tool001 umm no, they dont need to pay taxes on expenses, they are a write off.
some of them dont work full time, lots of them work only part time, some work for CBI physio type of places. so they pay lots of fees, some have thr own practice...... pluz some are specialist, some general prac.
plus dont forget dr. have to pay tons of insurance fees, as they have lots of liability.
and of course, many dr scam the gov. overbilling, etc etc..
that been said, dentist on general have more liquid cash and then pharmacist. | Dude the last half of what you said is totally irrelevant, this is pre-tax earnings.
The reason for such a large gap is due to hours put in, whether they are on call, etc.
Others operate clinics and don't receive money from MSP.
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01-16-2009, 10:43 PM
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#84 | | Even when im right, revscene.net is still right!
Join Date: Oct 2007 Location: yvr
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Originally Posted by Honyoung cant fine mine *shrugs
do these include family doctors? | Yes
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01-16-2009, 10:45 PM
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#85 | | Even when im right, revscene.net is still right!
Join Date: Oct 2007 Location: yvr
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Originally Posted by Ferra If money is what you after, don't' be a fucking doctor!
Most doctors make well over $200,000 a year if they work full time or even just 20 hours a week. The low #s are probably from those who are doing something else or bills the hospital/patient directly instead of the government.
Am I the only one here who think $200-$400K+ earning is too much for an average doctor? Yea, they had to go to school for a long time and deserve earning enough to give them a comfortable lifestyle. But isn't being a doctor about helping other instead of making money?
I dont' know how most people spend their money, but I think $100K-$200K a year is already more than enough to support a very comfortable lifestyle | For a good Dr. I don't think $200K+ is out of line. The problem is there are a lot of B-A-D Drs. that make a killing.
Sport stars making millions, now that is overpaid!
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01-17-2009, 06:35 AM
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#86 | | WOAH! i think Vtec just kicked in!
Join Date: Feb 2005 Location: Bowen Island
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Originally Posted by Ferra
btw, why a person making $200K a year can't afford a house in west van?
| Assume that you live in a NICE HOUSE in West Van, and not the crazy ones that are like, $12M-$15M.
Assume the house is $7 million and you put down the standard 25%.
Assume the $200K is before tax.
After tax, you will get about $130-140K in your pocket.
Assume you are married, and have the standard two children.
Lets say you live very very modestly to save up the 25% down payment, and only use $50,000 to live on, in total, and save $80K cash per year.
The down payment, assuming you inherit nothing from your folks, would be $1.8M in cash. This would take you 22 years to save.
Now assume you DO save up $1.8M and mortgage that waterfront home.
The monthly mortgage payment, assuming 6% as of today, would be $37,000 PER MONTH.
$130K after tax earnings would be eaten up in 3 months, and thats even before feeding your kids or going on vacation or sending them to top tier schools for higher education.
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01-17-2009, 08:32 AM
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#87 | | I don't like cheese but I love milk!
Join Date: Nov 2002 Location: Van
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Originally Posted by achiam Assume that you live in a NICE HOUSE in West Van, and not the crazy ones that are like, $12M-$15M.
Assume the house is $7 million and you put down the standard 25%.
Assume the $200K is before tax.
After tax, you will get about $130-140K in your pocket.
Assume you are married, and have the standard two children.
Lets say you live very very modestly to save up the 25% down payment, and only use $50,000 to live on, in total, and save $80K cash per year.
The down payment, assuming you inherit nothing from your folks, would be $1.8M in cash. This would take you 22 years to save.
Now assume you DO save up $1.8M and mortgage that waterfront home.
The monthly mortgage payment, assuming 6% as of today, would be $37,000 PER MONTH.
$130K after tax earnings would be eaten up in 3 months, and thats even before feeding your kids or going on vacation or sending them to top tier schools for higher education. | I am under the impression an AVERAGE house in west van cost between 1mil - 2mil.
7 millions? I would say that's much more than just a "NICE HOUSE". You are probably talking about a 10,000sqft home with 5-10 bedrooms + bathrooms, full views and pool.
Now why a single family need to live in a 10,000sqft house is beyond me.
Like I said earlier, a doctor's job shouldn't be about making crazy money. Even our PRIME MINISTER annual salary is less than 300K. His job is probably a lot more stressful than your typical doctor and it took him YEARS more of hard work and time to get to his position than a doctor.
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01-17-2009, 10:01 AM
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#88 | | WOAH! i think Vtec just kicked in!
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heh sure buddy! many newer houses in Richmond are already 1-1.5M
you should read mls.ca more
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01-17-2009, 10:21 AM
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#89 | | RS controls my life!
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HOLY CRAP my eye doc makes
Demco, Thomas A............................... 1,095,045.35
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01-17-2009, 10:32 AM
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#90 | | Even when im right, revscene.net is still right!
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^^^now he's baller!
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01-17-2009, 10:35 AM
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#91 | | I don't like cheese but I love milk!
Join Date: Nov 2002 Location: Van
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Originally Posted by achiam heh sure buddy! many newer houses in Richmond are already 1-1.5M
you should read mls.ca more | Err...a fast search on MLS for house in west van value between
1mil - 2mil return >168 results
5 mil - 7.5 mil return 16 results
7.5 mil - 10 mil return 3 results
a 5.9 mil home in west van http://www.realtor.ca/propertyDetail...ertyId=7253598
9953 sqft
6 bedrooms, 6 bathroom
pools, full view
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01-17-2009, 10:56 AM
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#92 | | Banned (ABWS)
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Originally Posted by WilsonSo13 HOLY CRAP my eye doc makes
Demco, Thomas A............................... 1,095,045.35 | His kid went to my high school, Nick Demco.
You have to be a baller to go there, not too surprising.
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01-17-2009, 10:58 AM
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#93 | | Banned (ABWS)
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Originally Posted by Ferra Err...a fast search on MLS for house in west van value between
1mil - 2mil return >168 results
5 mil - 7.5 mil return 16 results
7.5 mil - 10 mil return 3 results
a 5.9 mil home in west van http://www.realtor.ca/propertyDetail...ertyId=7253598
9953 sqft
6 bedrooms, 6 bathroom
pools, full view | Yeah I don't know where that guy got his facts from but the most expensive house sold last year in West Van was 18 million, it was my buddy's uncle's house.
The average house in West Van is still only 1-3 million.
That being said those who had 8-12 million dollar houses still don;'t have them for sale (if they can afford those houses they are probably intelligent enough to see this downturn coming), so the MLS listings are kind of not giving anyone the whole story.
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01-17-2009, 11:44 AM
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#94 | | My homepage has been set to RS
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damn my uncle made 349,xxx. I still didnt get shit for christmas haha
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01-17-2009, 12:20 PM
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#95 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
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Originally Posted by LongDongSilver Dude the last half of what you said is totally irrelevant, this is pre-tax earnings.
The reason for such a large gap is due to hours put in, whether they are on call, etc.
Others operate clinics and don't receive money from MSP. | dude, did u read the post i was reff. to. they were talking about taxes
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01-17-2009, 01:36 PM
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#96 | | WOAH! i think Vtec just kicked in!
Join Date: Feb 2005 Location: Bowen Island
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Originally Posted by Ferra Err...a fast search on MLS for house in west van value between
1mil - 2mil return >168 results
5 mil - 7.5 mil return 16 results
7.5 mil - 10 mil return 3 results
a 5.9 mil home in west van http://www.realtor.ca/propertyDetail...ertyId=7253598
9953 sqft
6 bedrooms, 6 bathroom
pools, full view | Alright i stand corrected for WVan! but my point is that there are still lots of those houses, and lots of people earning greater than $200K
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01-17-2009, 01:37 PM
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#97 | | Unauthourized Spammer
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Originally Posted by Speed2K $1500 a day x 5 days a week x 49 weeks (assuming 3 weeks holiday) = $367,500. He should be able to net more than $60,000. Not being able to manage money, I believe it, that's what financial advisors are for. | Assuming they work that hard, the after tax income would be around $200k a year which is still really good. Nobody is stating that it isn't.
He ended up going to a third world country to practice medicine not because of the money but because he wants to help people. If we interested in the money he could have went the the US and made more money.
That's exactly my point. If you give up 10 years of your younger years to be a doctor, you should want to do it to help people, not because of the money, because the money isn't really THAT great.
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01-17-2009, 01:38 PM
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#98 | | I contribute to threads in the offtopic forum
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damn, i wonder how much my orthodontist makes lol
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01-17-2009, 01:41 PM
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#99 | | Unauthourized Spammer
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Originally Posted by LongDongSilver That being said those who had 8-12 million dollar houses still don;'t have them for sale (if they can afford those houses they are probably intelligent enough to see this downturn coming), so the MLS listings are kind of not giving anyone the whole story. | Where are you getting your information? There are a few homes being sold for well over $20 million in Vancouver and another one in Burnaby. One of the homes is owned by this Chinese guy who is a manufacturer of cosmetics.
My uncle lives in first Shaughnessy and his neighbour is one of the ones for sale.
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01-17-2009, 01:47 PM
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#100 | | Need to Seek Professional Help
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HAha Henry Leung!
a lot of you guys go see him too
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