Only 54% of doctors say they would choose a career in medicine again…

Just 11% say they consider themselves “rich” – and 45% agree that “my income probably qualifies me as rich, but I have so many debts and expenses that I don’t feel rich.”

And a pediatric oncologist made an excellent comment:

With regard to the compensation bit, it is important to recognize that the student loan burden is enormous. Not only are you carrying over the loans from college, but your loans from medical school, and all of these tend to be held in limbo (“forbearance”) where they continue to earn interest that is capitalized/principalized, because during residency and fellowship (3-6 years beyond medical school graduation for medical specialists and 5-9 years beyond medical school graduation for surgical specialists) you’re making only $50K or $60K a year for your 80 hours a week work.

But I think one of the hardest bits is that during your school and training there’s never enough money to set aside, and certainly no 401(k) or pension, for retirement savings. So many of us start our “financial adulthood” in our 30s or even early 40s with a huge hole to fill – the need to save for retirement, to pay off the student loans, and at the same time, the need to start living like an adult (kids, house, non-disposable furniture, reliable transportation). And you start to get tired. When you’re 20-something or even in your early 30s, you can do the up-all-night/up-all-day thing, but when you’re in your early or mid 40s, it just gets really hard.

Only 54% of doctors say they would choose a career in medicine again…

For the first eight years of our marriage, [Michelle and I] were paying more in student loans than what we were paying for our mortgage. So we know what this is about.

And we were lucky to land good jobs with a steady income. But we only finished paying off our student loans—check this out, all right, I’m the President of the United States—we only finished paying off our student loans about eight years ago.

—President Obama in North Carolina today on why Congress has to act to prevent interest rates on student loans from doubling (via barackobama)

I graduated from medical school in 2002. As of today, I am $202, 012.79 in debt. I pay about $840 a month. I will pay this for the next 29 and a half years and will therefore be 65 when I pay off my medical school loans. I am fortunate that my parents paid for my undergraduate education at Washington University in St. Louis. 

Tumblr’s Incredible Perk: Sherpaa

Tumblr’s added two incredible perks for 2012. Sherpaa, the text and email focused on-demand health plan, and our favorite, the referral program where employees get a funded adventure for each referral hire. But it’s neither the office space nor the clever perks that make Tumblr such an of-the-moment place to work: it’s the people.

Well that sure is lovely The Huffington Post mentions my company Sherpaa. But like they say, it’s the people that make tumblr such a great place. And I’m honored to be working with each and every one of them to keep them as healthy and happy as they can be so they can continue to produce the best thing on the internet.

Tumblr’s Incredible Perk: Sherpaa