No Fixed Abode: The Doctor's Kia and the Patient's Porsches

My father had a lot of career advice for me growing up, all of which I cheerfully ignored as I planned a future as a bike-shop owner or folk guitarist. He thought I should go to work for Proctor&Gamble. Sell soap to the masses. Climb the corporate hierarchy to the C-suite. Own a tasteful but extravagant home in Cincinnati’s most exclusive neighborhood. This was bad advice. I learned a long time ago that I don’t have the bow-and-scrape mentality required for success in a corporation.

You know what Dad should have told me instead? He should have told me to be a doctor. I have all the required characteristics: arrogance, blind confidence, a lack of empathy, and a willingness to forget about people as soon as I walk out of a room. By and large, doctors are terrible people. I should know. I’ve spent more time in the hospital than your average late-stage cancer patient.

Robert Ringer once called medical school “a place where people are trained to think they are infallible” — or something like that. He was right. Doctors are notorious for being poor stewards of their money due to simple overconfidence in their own instincts and innate superiority. Thirty years ago, when long-term open-ended leasing was a veritable art form of forcible financial sodomy, the most sadistic practitioner of that art in my area was a storefront that called itself “Physicians Leasing.” They put our local doctors in loaded W126 Benzes for $400/month. Every two years they’d swap the docs out into new Benzes. Further and further underwater our local physicians went, until the final mid-five-figure bill came due. Luckily, it was an era of skyrocketing home equity.

Doctors love their fancy cars, that’s for sure. But I recently found a website that argues an extreme but interesting case: the most money a physician should spend on a car is five grand, period, point blank.

Read more
  • Lorenzo Heh. The major powers, military or economic, set up these regulators for the smaller countries - the big guys do what they want, and always have. Are the Chinese that unaware?
  • Lorenzo The original 4-Runner, by its very name, promised something different in the future. What happened?
  • Lorenzo At my age, excitement is dangerous. one thing to note: the older models being displayed are more stylish than their current versions, and the old Subaru Forester looks more utilitarian than the current version. I thought the annual model change was dead.
  • Lorenzo Well, it was never an off-roader, much less a military vehicle, so let the people with too much money play make believe.
  • EBFlex The best gift would have been a huge bonfire of all the fak mustangs in inventory and shutting down the factory that makes them.Heck, nobody would even have to risk life and limb starting the fire, just park em close together and wait for the super environmentally friendly EV fire to commence.