Doctors Reveal You How Much Money They ACTUALLY Make
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never thought I would be getting called poor by 15 different people in 10 minutes
How dare you be a working class. Your bill for this examination is 250 bucks. Doctors, probably.
Bahahahah
Doctors also have super high insurance rates. Your regular average doctor in a practice makes decent money but they aren't rolling. They also have the loans to pay back.
lol guess me suck
I mean they have to give up a lot to become a doctor. By that i mostly mean giving up time, so as compensation they should receive a good amount of money
Major, MAJOR respect to those who disclosed their actual salary and didn't refer to a national average or walk around the subject. And a big "how dare you" to the guy who suggested that I do math on a weekend.
not to mention the cost of a happy meal can vary wildly, depending on which one you get and where you are. he could be making anywhere between $963k and $2.6 MILLION
@@dietotaku Most likely (based on nothing but my assumptions with no data baking it up lol) he's probably making between 1-1,5 million per annum
I didn't drop out of school to do math on the weekends!
Yeah I don’t get the ones who did dance around it and just gave the national average. I would never say a dr is overpaid, they put in a ton of time and work to get to where they are. If it was easy, everyone would do it.
exactly !!!!
Should really listened to my Asian dad 😅
Some of those were crazy
Dude, I didn't know you watched Dr Mike! Awesome!!
hi what are you doing here reversal!! 🤣🤣
Just curious: What did Dad tell you?
@@DeeEllEffWell, the stereotype is they usually say doctor or lawyer. Sounds like what probably happened here lmao
Im A Cardiology resident in Syria,we work 80 hours a week, we get paid 35 bucks a MONTH ...just pray for us.
Doctors in Cuba make $20 dollars a month! ☹️☹️
You guys are the citizens we need. Not the cartels pouring over our border. That is assuming you would even want to come here of course. God bless you for the work you do.
The problem is, even if you move to the US, you have to start over! Everything you have done in your country won't qualify you to practice in another country."
@@Grungefan2018 they helped demolish the towers
@@fisherman08123 well you demolished their cities with your drones and missiles and made them into refugees in their own countries what do you expect.....
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $132k in a short period of time
I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?
As a beginner what do i need to do? How can i invest, on which platform? If you know any please share.🙏
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself I'm guided by Annabelle Hartfield. A widely known crypto consultant
it's great to see others who also benefits from the service of Annabelle Hartfield.
I'm surprised that this name is being mentioned here, i stumbled upon one of her clients testimonies on CNBC news last week...
Huge props to all the doctors for the transparency!!!
Lol except dr youn. He said online reports say the average is. He didn’t talk about himself
Yes, especially the one that gives his website adress for skincare and other bs seen on Good Morning America and Dr Oz.
@@Loyatyispriceless he said the average and that his salary is close to that, I don't see the problem in that. It's not like the others told their exact salary, they gave a rounded ball park amount...
Yes sir
Except the hamburger man, people who watch TH-cam video aren't going to do math
calculating annual salary based on happy meals is insane
See my comment for his rough pay... im like "must ask him for a loan 😆"
Sounds very american
@@Zinz778You’re suggesting that a doctor in India wouldn’t measure successful income in terms of number of low-quality meat sandwiches? 😱
@@DeeEllEff Hmmm.. good point, for sure less likely to though! :)
how much was it tho idk what kinda meal get talking
We need another one talking about the cost of these degrees and all the insane sacrifices that go into college, residency, boards, etc. The road to get to these salaries and careers is wild and worth sharing!
We made this short discussing the cost of med school too!
The Actual Cost Of Med School
th-cam.com/users/shortsIzZ_mjdLSuk?feature=share
@@DoctorMikeHi Doctor Mike I love your content
Worth it
@@TypicalGamer_0001 Doesn’t appear to have missed many meals! 😉
@@DoctorMike what's more expensive law school or med school😅🙃
That’s crazy. The most well paid doctors in Sweden get about 180-200k BEFORE tax. And it’s a well known fact taxes are pretty hefty here, especially if you’re a high wage earner
Our loan avg is 200k, 1/3 graduate with no debt which drags that avg down
I was celebrating the other day by finally reaching a 6 figure salary, after working for 10 years. Now it's back to crying and screaming into my pillow. Thanks Dr. Mike.
On a serious note, I am pleasantly surprised to see these doctors be so open about their pay. Actually makes us general public trust you guys more. Knowing someone makes $400K a year, is better than wondering if they are earning $200K or $2 million. And we do get it, being a doctor is very hard.
Thanks for having me, Dr. Mike! I’m a huge proponent of salary transparency, and this video was fascinating to watch
You are literal fav doctor. I have mad respect for u for breaking the stigma about mental health. Your channel helped me so much doctors and I am proud to say that I am happy,healthy and not suicidal. thanks doc❤❤❤
Yet you only shared a national sum and not your personal salary.
So does that mean you are a huge proponent for national or individual salaray transparency?
I'm happy to see you here! ❤
Did you pleasure yourself to this video?
Did you share you how much you make and it got cut? Hard to imagine, you didn’t share anything lmao, you share a stat we can all look up which is a pretty useless piece of info, pay varies heavily on location along let alone all the other factors, base pay for almost every single job with a degree where I live is about 50% higher than the national average.
Dr K living the dream. Workload so light and pay so high he’s willing to work for free.
It’s probably why he had the time to make his channel. Bless him fr
he probably works more than that, he is being humble
I mean, for his patients as well, and possibly why he got into Medicine too, in that he can spend time helping people. A lot of doctors get burnt out trying to help people, but having to pay the bills.
honestly we need more people like him, so many people can't access the mental healthcare they need due to cost. any dentists willing to take a similar approach HMU, my mouth is in BAD shape D:
That was before youtube
Happy meal guy is making roughly $2,096,664.57 per year based off usa average price of 6.29usd per hamburger happy meal.
Had my jaw drop when I saw the number 😭
Scottsdale Arizona, land of uneeded PS proceedures.
There’s a reason why plastic surgery is so competitive
Thank you lol didn't wanna do math
I did the math too and was convinced I’d typed a number too much because that’s such an insane amount of money to make.
400$ an hour is nut
Every doctor deserves the absolutely nuts amount of cash they pull in.
Why does Psychiatrists get paid so much?? That first plastic surgeon is hiding his true salary. That amount he stated is low.
Normal ones don't. Dr k is 0.01% of the most famous
Love the transparency here!
Hii
Pay scales exist on the internet for every profession
I don’t. So many of these guys just repeated what the average salary is instead of just saying how much they make in a year.
@@areallyawsomename sometimes the contract doesnt allow you to reveal the exact numbers.
You did not tell us tho 😢
These salaries aren't outrageous at all. In the corporate world and on Wallstreet plenty of completely expendable people make the same salaries and they contribute zero to the wellbeing of society. Doctors should absolutely be paid well 👍
I agree. They save lives!
@@MRJMXHDSo do cleaners.
Also the people behind the scenes helping the doctors in one way or another. If they weren’t doing their jobs the doctors would be way worse off than they already are.
@@midnight3630 There is definitely a team behind the doctors, and they are getting paid. In the healthcare field, obviously no doctor can do everything on their own. Dr. Mike has always shown appreciation and acknowledges it's not one person getting everything done.
the difference is, we dont need to use wallstreet services. everyone needs healthcare. and people wonder why healthcare is so expensive in the usa.
It might SEEM like wallstreet(or investment) people don't contribtue anything, but they help EVERY single other industry.
The stock market is a fund distribution system. It funnels funds from savings, where they don't do anything to investments(i.e actually using the money to make something), which leads to increase in EVERY single other industry's productivity and supply.
Its how every company gets the funds to actually work and do something.
Without it, we would see SO many less companies, since in order to make one you would have to be profitable from the start or have a insane amount of money already with you.
Speaking about salary should be the norm. That's how you know if you're getting shafted.
I agree! By default, it'd help reduce the gender and ethnic pay gaps exponentially so everyone is on the same playing field.
If your getting shafted? If your seeing a specialist your definitely getting shafted
If you're earning $20 / hour and your junior colleague was earning $55 / hour, that would lead to massive workplace tension.
@@Reelix Yep, which isn't your colleagues fault, it's your managers, who should be paying you more, as you're obviously getting shafted.
@@antilatte235 when they help improve your quality of life and or longevity are you still being shafted?
That was Youn's way of saying, "I make so much I really don't feel comfortable saying it aloud."
As far as I'm concerned, these doctors deserve every penny for the great work they do.
maybe these doctors...but also the truth is not every doctor cares about their patients a lot. they just do their per minimum, give some pills, if even that and send you off
So what about people who earn $15 per hour? Are you saying they dont deserve more?
@@satsumamoonnobody deserves nothing. If the person is receiving 15$/hr, that's cause the market decided that. You won't receive more just because you think you deserve it. Workers that do not have a thing that has market demmand are just replaceable. I live in a 3rd world where the minimum wage is 1.5$/hr. We have higher taxes than most country's, our products are more expensive and the public services are mediocre, but the economy rules are the same. If the economy says that's your price, so it is.
Doctors have good income all over the world because they have unique skills, their job is hard and demanded. Can you say that about an Uber driver? Acknowledging the fact that people already receive what they deserve (doesn't matter if it's morally wrong, such as a rich corrupt politician) doesn't make you a bad person, just a realistic one.
@@satsumamoon Well, those who get paid 15$ per hour require much much less training and cost of training. Remember a typical elite doctor would owe about 400k in student loans.
@@satsumamoon Well maybe idk, but that's not fair in this situation where these people have studied and trained for multiple years on end for this career.
Why do pediatricians make so little?!?! Everything that has to do with children is always lower paid. It's so sad that our system doesn't value people who care for children. 😢
Even with what I do, the pay isn’t that great. I’m not in the medical field myself. I do respite and habilitation care for kids with special needs. Some of us do similar work to that if a CNA but in a home setting. Our pay doesn’t always reflect our skills. We do what we do because we love our work and the kids we work with.
Because pediatricians are a dime a dozen. They’d be paid more had they chosen a different specialty that wasn’t so popular. Like try finding a neurologist who specializes in multiple sclerosis. They are hard to find, so they get paid more. And most times patients have to travel long distances just to get care for whatever disease they have. But pediactrics is a popular field to practice in.
Also I believe the system does value pediatricians and kids. Thankfully pediatricians are everywhere, if kids need treatment. Those who chose to be a pediatrician knew the pay disparity. As they said, they do it to help kids, not for the pay. If anything, the healthcare system does not value adults who are sick with incurable diseases who live in chronic pain.
I think it's to make it cheaper for kids
This is the dumbest take.
They’re on the bottom of the totem pole in the med field.
“How much you talking?” Got me ROLLING 😭🤣
I laughed too, and then I realized it was to transition into the next doc who was actually a psychiatrist!
I absolutely love this. I’ve always hated the stigma around discussing salaries being inappropriate or rude. It has allowed companies to get away with paying people less than their peers for the same job. It also allows companies to be racist or sexist and completely get away with it as well. Thank you for your transparency!
Yes, but people also like to prey on those who have money (robbery). Sooo i understand why some people are hush hush
@@kkb892 I think it wouldn't be a good idea to go around bragging about it for sure or just flaunting your wealth because it's rude and yeah someone could get an idea to rob you. But if it's a coworker or family member then there shouldn't be a problem with that. Besides if someone you know robs you believing you to have a lot of money typically they're gonna go off what you wear or what kind of house you have not just what you say you make. (Not saying at all that it's the person being robbed's fault in any way there)
A peer getting payed more than you could be a reason, experience for one.
Doctors deserve their salary and more. They're a need in humanity and i admire their incredible commitment.
Hi my dream is to become a pilot, do you think a pilot also rlly important?
The smartest thing that should be on everyone's mind right now should be to invest in different streams of income that are not dependent on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC ETH...).
Well explained. Financial education is indeed required for more than 70% of society in the country as very few are literate on the subject, thanks to Mrs Charlotte Walsh
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
Thanks to Mrs Charlotte Junko Walsh
She's a licensed broker here in the states.
Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
Add malpractice insurance, stress, staff to navigate patient insurance, student debt. They make a lot, and some of the doctors have to pay a lot to be in business.
All of this ^
Surgeons, Anesthesiologists, OB/Gyns , etc. are all high on the lawsuit ladder and are required to carry high cost liability insurance in the US litigious society.
They still make a ton more than anyone else.
@@Dee--No. The hospitals only pay for their own malpractice insurance. The doctors are required to carry their individual insurance (it was $1 million before I retired as staff secretary, so I am sure it’s more now).
@@Dee-- I was taught that hospital provided insurance is serving the hospital above all else. So they could chose to drop you like a hot potatoes if they chose to do so. If you don’t have your own insurance (that represents you) you could be left high and dry.
0:05 - Family Medicine
0:15 - Psychiatry(Resident)
0:30 - Psychiatry
1:05 - Pediatry(Hospital)
1:40 - Plastic surgery
2:10 - Spine surgery
2:35 - Podiatry surgery
2:55 - Gastroenterology
3:10 - Gynecology
3:45 - Plastic surgery(again)
4:05 - Orthodentistry
4:25 - Emergency medicine
4:45 - Hematology/Oncology
5:20 - Rheumatology
5:45 - Anesthesiologist
6:40 - Conclusion
Thanks
Would be awesome to know for nurses!
You can google it
@@lunalimi9798and paramedics too!
No cardiology(the superior organ)🥱
Can we all give appreciation for Mike being completely transparent and the other doctors
thanks for 300 comments it changed my life 💀💀
Dr. Mike said more what is typical for doctors in his field and he left out income from his media career entirely.
I think people forget that they also have to have huge insurance covers, probably hundreds of thousands in student loan debt, and be prepared for lawsuits if a patient complains about not getting what they want for treatment. It's the same with lawyers too. You are working with people's lives with very sensitive situations and people can utterly screw you over if they don't like you. I work in mental health and with teens and thankfully I have good rapport with my clients and everything, but we meet behind closed doors and if they DIDN'T like me, they could easily make up something to get me fired or in trouble, if they didn't like the outcome of our counseling session. Evil people are out there and it just takes one person on a bad day to destroy your entire livelihood. Helping professions can often pay well but the higher the pay day the higher the risk of getting screwed over. That's why I like my comfortable salary that was enough to pay off my student loans over a decade and start saving for a house and living in a decent apartment in a safe neighborhood for the time being.
@@rtd1791 Thats because the title is how much they make as doctors in their fields, not as TH-camrs, in media, or as writers
@@rtd1791 he said that family docters make around 250k
he said 250
Why tf they makin me do math?? Just tell me your yearly pay why hourly😭😭😭
Consider this: despite all these rates for doctors, majority of what the patient pays goes to marketing division, senior management and CEO bonuses, shareholders dividends, lawyers and many middlemen, insurance and kickbacks programs. In the end, not much actually goes to the doctors, nurses and medical drugs and equipment.
My dad is a urologist and my mom is a retired family physician. Idk which makes more but 100% my dads work life balance barely exists. He comes home late with food from his office and usually like an hour later is called back in. A lot of the time he is called out in the middle of the night to do surgery and I feel so bad for him.
This might not mean a lot to you, but your dad is a true hero, put in others before himself and his own family to make them feel better so they have a chance at life possibly
@@JuanMejia-md8re Thank you
Sounds like he needs to cut back, which he can do.
@@JuanMejia-md8re Putting others before your family? Your family is people too. I'm certainly not trying to fault the guy but the way you worded that was just weird.
He almost certainly makes more.
0:35 This just doubled the already immense amount of respect I had for Dr. K.
He's like the medical Robin Hood
@@user-kr2ty9vk5nit's an insult to call a person who uses HIS money that he rightfully own by the name of a THEIF who STOLE others ' money to give to whoever he wants to give to. Say whatever you want, stealing is stealing. That thief could have use his talent to be a merchanery or body guard for some crazy rich person, instead of stealing
@@Hmmtsk calling someone “Robin Hood” is a colloquialism used to mean that he helps people or the less fortunate, or rebels against norms to help other, a rebel for the cause. Language is alive and transforms over time and that is what the term has come to mean.
I always think it's so amazing when overseas doctors come to New Zealand to work, cause if you come here it's for the lifestyle not the pay! We are a small country so can never be on the same financial level as bigger countries, at least in the public system. Thank you Dr Danielle.
To me she seemed insulting. $130k is a ton of money. With that salary someone in NZ is living a very comfy life. It sounded like she was saying they don't get paid enough here.
@@dragonrings14 I hear you but compared to other countries it's low for her type of work.
@@AnnaLizzyRose I just think Kiwis are tired of people whining about better pay in Australia and USA. They also have longer wait times and higher costs. There's pros and cons with every nation.
AND yet even in NZ you pay Doctors more than here in the UK. My ex is a surgeon and moved to NZ after she'd finished her training period and she was getting the lifestyle AND she would be on double what the NHS paid her...
@@dragonrings14my thoughts exactly!
My dad and his brother were in a private practice as surgeons together. The sacrifices they made were real. Middle of the night phone calls, going from 0-100 to get the hospital for emergency surgeries, and very long days. However, I was always proud of my dad-not because of his salary-in fact, he accepted barters occasionally-but because he was helping people. So, do the things you are good at and love, but do it to help people.
Thank you to those who actually gave their hourly pay and not the average . TRANSPARENCY!
So great to see some specialist and a couple PCP salary / per hour income. Docs are notorious for not telling pre-meds, med students or residents how much they actually make. Also, it's glaring the discrepancy between specialist and PCPs.
Agreed, although I think it is worth noting that specialists also have to do more training in the way of fellowships, which is something to note. But it is also worth noting that where you live makes a huge difference. Rural EM for instance is much more lucrative than an urban EM physician.
True, specialist do an extra 2-5 extra years, but that is not the difference. The increased reimbursement are due to procedures and being able to code higher levels.
Meanwhile.....in the UK, some medical professionals are doing Uber in their spare time, and some nurses having to use foodbanks because the cost of living is so bad here right now 😅🙈
I'm not sure you've experienced just how pervasive poverty can be here in the USA. Food bank use is at record levels, and a nurse who's a single mother in Missouri is definitely not getting the same treatment that she would in the UK (especially if she's a person of color, like myself). Enjoy the NHS, I'll keep staring at my medication costs for the month in disbelief.
Sad that specialities that are still essential and difficult don't make the same. Know a paediatrician oncologist who feels like he cant leave his job because there I literally noone available in take his case load. Kids will die.
Makes significantly less than an oncologist for adults...
Funny how people still not confortable with discussing their finances. I mean you know how much you make just say it 😂😂😂😂.
7 mins video for adults to tell us about stats available online
If you plastic surgeon and make less then 500k you doing something wrong
This is interesting to see! I’m aspiring for a job in the medical field and it’s nice to see how much different doctors make annually.
Please be aware those numbers are absolutely dependent on where you work and live. "The US" is like saying "In Europe". It's huge. Those numbers feel like hub numbers.
These numbers vary vastly by region, hospital system, and how long you've practiced. A specialty endocrinologist I worked with who did pediatric to adult transfer of care for complex adrenal disease made less than a new grad Nurse Practitioner at the hospital we both worked. She went elsewhere (within the same state, just a different hospital system) and got a 135k salary increase for maintaining and doing the same job.
Don't go into medicine for money. The strife, hardwork, and sacrifices made in school and than later in life while in practice cannot be fueled by money (or potential to make it). If you're passionate about the field and a specific path, don't let not making 300+ put you off exploring it.
@@shunpaw820 Got it!
get those bags you guys save lives!
Doctors in Africa save lives for 1000 bucks a month.
@@PROVOCATEURSKso I guess American doctors should make 12k/year with 300k medical debt and subsisting off food stamps. Genius idea.
@@PROVOCATEURSKyou can’t just say “africa” and not specify a country in literally the second largest continent on the planet. Besides you can’t compare what 1000 dollars can get you in the US and what 1000 dollars can get you anywhere else.
@@Amber-sc9jp no, but there's no moral reason to be payed millions of dollars no matter how you slice it. you know it's you and everyone that needs to survive and are in desperate need the ones paying for this insane salaries right? and we are not even talking about the millions wasted in administration. but there are a lot of millions wasted here too.
@@paulogaspar8295You honestly sound like a communist
This sounds like alot of money. AND IT IS. But this is all before taxes. So keep in mind, most of these doctors are probably making 60% that. So $250K seemed to be average in this video. So they are probably taking home around $100-$150K.
Also student loans!!
It's all relative though. Like say you earn $80k a year. That is also before tax and you probably also have student loans. So you might only take home $55k at the end of the day. Doctors are still earning way more than most people.
@@dragonrings14 I'm not denying they don't take home more than most. But people hear $100k-$500k and they think they are rolling around in money. When in reality. Doctors don't start making money until 5+ years in the field after residency.
Tax in America is how much?!
@@dragonrings14 You're right, it is relative. Not sure about America, but where I live student debt for doctors is significantly more than other careers. Average degree here is three years, but six for doctors. Our first (soon to be last) year is fully subsidised, so that's two years of uni vs five. However, many people don't get into med school the first time so they have to finish your degree (you do one year of a specific degree then apply to med school) so that they can apply through postgraduate entry which takes another two years (three to four if you decide to do an entirely different degree just in case you don't get in a second time). On top of that, the fee per year is higher for med school. Much of three of those years is spent in hospitals which you don't get paid for yet no one has energy to work, but they still have to cover living costs while they're there. Usually that will mean more student loans. Our student loans are way less than America and we don't have interest, but as Mama Jones painfully highlighted, doctor salaries are less than half of the salaries in the States (I'd take the US' higher student loans any day). So you're right. It is relative. Fot the work that doctors do and high skills they need to have, it's worth every cent.
0:13 i thought it was gonna say 250k/hr 😂
Na that's neurosurgery. Family medicine earns less
Way more than I originally thought. Eat a carnivore based diet to be healthy - meat, liver, fat with no plant matter or dairy. You will save a lot of money too.
This video in a nutshell is why the NHS can't keep doctors, the UK doctor makes as much for a shift as the others make in 1-3 hours.
Doesn't help our funding for the NHS keeps getting worse too :(
Considerably less money spent on traininh however
We miss you momma dr jones!
im your 100th like. also same
When looking at those salaries, we also have to figure in huge taxes, paying back insane school loans, ridiculously high malpractice insurance, etc. When someone has invested that must of their lives into their education and having that level of responsibility on them every day, they have more than earned every penny. If there was not financial stability and ability to pay the cost for that long education, while having the stress and responsibility for people's lives in your hands, no one would bother going into medicine so it better be somewhat lucrative.
And yet Dr. K said he's earning enough to offer free therapy! The man's incredible.
in other countries (yes even in europe) they get payed way less and still have to pay for the same things and taxes are a way bigger portion. sure they don't have to pay so much for university, but that's where it ends. and they have the same responsibilities if not more because they have to have similar results with less resources most of the time. There's no way in to justify this people getting payed so much money. I'm sorry but it's the truth. This is only the case because the healthcare system in America is a luxury that rich people want to keep that way.
Malpractice insurance is only around $10k per year. That is nothing when your salary is $200k+.
@@jimj2683 Malpractice insurance is far more in my area, and it is definitely not nothing with a $200k salary, when in the highest tax bracket, paying a few hundred thousand in student loans, etc. I take it you weren't a finance major lol.
Here in Ethiopia, a specialist earns between 200-350 dollars per month while house rent for a two bedroom apartment in periphery area of addis ababa is between 200-300
Im a radiologist, I make $250-$1000/hr
1000 damn
The information given by the podiatry lady is misleading. There is no way a podiatrist makes more money than a Family Medicine doctor(salary-based). Podiatrists are not Doctors of Medicine like pediatrics, oncology, internist, GI, anesthesiology, etc,they are Doctors of Podiatry, which is a lower level than doctors of Medicine, similar to optometrist, chiropractic etc.
Dr.K explaining that making as much money as he did allowed him to see so many patients for free is such an eye opener for people I think and a reminder for myself. I remember my doctor when I was a kid, rest his soul, never charged my family a penny for all of my brothers issues. We had had the same family care doctor for like 20 years before he passed and when my brother got extremely sick, he never asked us to pay a single bill. I genuinely believe that people making an assload of money isn’t a problem if that money is given to GOOD people instead of BAD people.
Many doctors that make loads of money where I live (typically in private) will work less in the week in their actual jobs and volunteer at public hospitals for a day or two.
All those numbers are to show that doctors live comfortably. Lately, I realized that American definition of middle class is the ability of a person and family to feel content, to feel enough, to feel secure. If there are short comings, they can easily remedies without much effort or cost.
They are definitely not middle class doctors. In American you are starting to see the erosion of what it means to be the middle class. With the rampant inflation in the US everyone’s purchasing power is drastically reducing.
For example grocery shopping in some regions increased by 20 or so percent. So if you don’t get a 20 percent promotion or earn 20 percent more income you are losing money every year. Something similar could be said with other categories like housing, rent, gas, cost of goods, etc.
So to what you said, that definition is what it used to mean, but as prices continue to go up, this is become less and less true unless they start shifting the income ranges for the middle class
It also depends upon how much they have to pay back in student loans. A doctor can easily go $500-750k in debt for their education. Doctors here in Europe pay nothing or very little for tuition. They still earn high salaries, but they don't have the debt. And the middle class in the US has been eroding at a very fast rate. Due to inflation and increasing cost of housing, people need to earn more and more to remain middle class. Look up "the amount of money need to live comfortably". It's lists how much you need in each state to live comfortably. The amount is WAY over the average salary.
@@jcolonna12 20 % increase for groceries only? Huh, prices per product here in Germany essentially almost doubled (in some cases even tripled) once the megalomaniac §#/& a couple countries over decided to start a war right after the pandemic. Let's not talk about gas, that was so much more expensive here even before 2019 than it's in the US even today - and that easily doubled as well. The question is more, how many people can still sort out priorities to where they don't need to go hungry or worry about health. And those become less and less as inflation continues.
@@Kirmeinsbro this isn’t a struggle competition 💀
@@jcolonna12 Bro... you need to go back to middle school. Let's say you get paid 100$ a year, obviously, grocery shopping isn't your only bill, grocery shopping let's say is 10$, if groceries go up 20%, they are 12$, that means you still have 88$ as compared to 90$. If you got a 20% raise you would have 108$.
Doing medicine in spain and not passing the 70k a year feels weird while seeing this vid
Same here in France
Cause government controls the price
I have to say, it takes a lot to disclose your salary. I appreciate everyone being so upfront about what they’re making. It also helps to attract young people to the profession. Thanks for making the video.
$400 an hour would make life so much easier😂
Actually a fire video they need to show in middle school classrooms everywhere. Show kids that it’s not only celebs, athletes, artists who can make super high income and have lavish life styles.
I think it's pretty well known that doctors make millions.
Bruh if these kids dont know how much doctors get paid in the first place for you to show it to them in classes then it's simple they arent smart enough to be a doctor. No points showing them this as they never gonna become a doctor anyway, whoever has the potential to be a dr should already know the pay and stress already
@@usr21882 I think it's a good recommendation. these days tiktok only shows scammers and celebs making all the money, drs, lawyers kind of slip through their radar
@@usr21882 think of it as a reminder to kids
I don’t know a single person who isn’t aware of how rich most doctors are
Happy Meal Plastic Surgeon makes $2M
400 USD an hour and taking some patients for free. That begs a question whats the deciding factor for free vs 400 USD
Rich and poor maybe
His fees are probably on a sliding scale based on patients' finances.
I'm sure most of the people "paying" $400 an hour are being covered by insurance, or at least a good chunk of it is being covered. For the past year I haven't had to pay anything for my mental health check-ups because my insurance now completely covers my bills.
What of it I'm not a doctor and make 150 dollars per day as a homeless person sometimes 400 if I go to a crowded area
I know that Dr.Mike will never see this or respond to it, but if he does I just want to let him know that no matter the pay, no matter the work, he has inspired me to become an osteopathic physician. I have always been interested in healthcare since the first grade and watching him has made me dead set on a healthcare career. If he has any tips or tricks for me I would love to hear them. Just know that you have changed my life for the better and I am prepared to help people just like he does. Thank you, Dr. Mike
Nice welcome to the squad
The man makes millions with his YT channel.
I used to work for a company that set up special retirement plans for doctors/surgeons. Basically, tax shelters. The highest paying doctors/surgeons I've seen from the data they sent us was for eye surgeons. They made from $1 to $3 million a year. At least that's what was reported to us.
What’s the name of the company?
1:33 buddy $180K is good money
It's nice to see people who actually deserve to be paid the big bucks and do things that are good for humanity.
Disrespect to all the doctors who gave a national average instead of just answering the damn question.
My Asian parents are looking at me very intensely now…
3:50 is when he uses american measurements
Idk but I searched up the price of a happy meal and it's 6 whole dollars
Being a Doctor is the only job where I feel the high pay is justified. Getting very high pay is justified for what they do. I have always been mad at the pay rates for CEO's and other jobs that are 100's of times higher than the average person. Being paid a wage where you can focus on your job and not have to worry about buying groceries, or affording a car is great. I hope it continues to match inflation. I don't want my health care provider to be thinking about money when they are treating me. I would prefer they lived stress free and easy life so they can help me better.
You forgot neurosurgeon. One of the top paying positions in the hospital from what I've heard
Yes bro for that I came here because it's my goal to become one 😢
Head games, 'til I can't take it anymore
@@southcoastinventors6583 😂
I'll be honest I'd rather take most any job that pays similar over most doctors, especially anything hospital focused lol. I respect doctors for that reason, tho I also have been friends with some and lemme tell ya - they are just normal humans who got through med school lol. Sometimes awesome, sometimes very not, and other times good but with serious issues, among many others (ya know, like humans) Fascinating video tho!
I think all medical professions salaries should be based on difficulty and stress based, the more difficult and stressful the more money, how can a mental health doctor working 32 hours a week make $400 an hour compared to a ED doctor makes 120
Doc as a hospital pharmacist weighing in here after 24 years lets just say I am not too far off from what you make. You have way more responsibility than we other professionals and you should be compensated for it. You absolutely deserve it. I have long disagreed with the low balling of Dr salaries
Does a pharm D make a good stable income? After that i do plan om doing clinical/hospital pharmacy, as i did not get into a MD/MBBS program as its highly competitive here where i live
Medical doctors really deserve the money. They save lives, improve lives and carry a lot more responsibility every day than most people.
This is cool! thank you for making this video, salaries are always treated as such a taboo subject to talk about openly and its so counterintuitive.
Many of them avoid revealing their personal number.
Wish he brought Dr Glaucomfecken the Opthalmologist 😅
Gotta show this to my parents’ 😂😊
Why
Dr Mike could you please maybe get physiotherapists, occupational therapists, etc. on as well
That's probably going to make people even less likely to be one lol. Legit one of the most underpaid group of professions for the amount of training (in the US they never should have gone to the level of doctorate for PT, just more debt)
@@randomyoutubecommenterr Chiropractors too, they get close to the same amount of training hours in med school as an MD, but of course have a much lower earning potential. (Although no residency) They are neurology and musculoskeletal specialists.
3:19 glad she called it the female reproductive tract….
What the hell hospital do you work at that pays a freaking DOCTOR, only $90 and hour. As a midlevel (APRN, or PA), the starting is $85/hr. And that’s at a podunk hospital in a poor county.
And then we look at the UK 😢 where Junior Doctors are striking as they get paid no where near what they should be for what they do. Junior Doctors earning about £35k. Those in General Practice earn between £68k - £105k. Working hours are often 8am to 6:30pm and also include some weekend work.
I am so broke. $17per hour... in NYC...
How do you live on that there?
@jdulmaine Probably has roommate or family members
In what capacity?
the answer: I cannot afford a house. I live in apartment with my husband.
I wish I had a house... 😭
No wonder just walking into the emergency room is $2,500+ I actually held off going to counselling as well cause that's too expensive and my work doesn't offer insurance :) No spite towards doctors, I'd take advantage of it too if I went to school.
The costs isn't in the doctor salaries, it's in the insurance companies and administration siphoning millions of dollars
Although I'm against capitalism, I don't mind doctors making good money.
But how long did it take to get there is the real question
And how much in loans do they have?
As a pharmacist I learned: I should have done med school instead.
I’m an ups truck driver with no college degree and I made roughly $140k last year. We make between $40-49hr but also get mileage pay otr. My potential tops out around 200k so I invest in real estate on the side.
Is that a rough gig? I mean do they work tf out of you, or is it pretty nice and steady throughout the day? How do they make so much driving and delivering packages? Seems like too good to be true.
This is cool honesty upfront
They could live for a fraction of that money but they don´t want to help starving children.
@@PROVOCATEURSKbruh
@@PROVOCATEURSKthey're already helping patients, get over yourself, they're not obligated to solve everything.
Thanks Dr. Mike! love the transparency. You guys definitely deserve every penny you earn. The hard work, years of study, and daily challenges you all face every day are essential, and you deserve all you are compensated for.
Doctor Mike!!! How much do you make on TH-cam? Please make a video on that too! I’m sure you make a comfortable living with TH-cam money too :))
Plastic surgery is least necessary, but probably most lucrative. Very skewed priority.
Not surprised a plastic surgeon in Scottsdale would lead the list, they probably trail only Beverly Hills and Hollywood in silicone consumption 😂
The only place being fat is considered attractive
I like how Dr Youn also included his other income streams - which the other youtuber doctors need to factor in too. Side hustling is serious business!
I love how they are telling us how much they make but not really at the same time. Just a guesstimate since it varies.
"People in my profession make, on average, X dollars per year." :)
They deserve it. Too much money for me tbh Im good with 60/hr. Its enough!
I guess the title of the video isn't totally incorrect. A couple of doctors did reveal how much THEY specifically earn but everyone else just shared information you can find using 10 seconds of your time and a device connected to the internet.
The fact that New Zealand pays trained professionals of many fields (especially in healthcare) so low in comparison to Aussie and the US is the reason why we have a "brain drain" problem here. people will get their qualifications then move to other countries, usually Aussie, to earn better money in places that have a better cost of living. Our government has tried to stop this by introducing one year free of uni and interest-free student loans as long as you stay in the country but it hasn't done much. I'm going to graduate uni this year and my partner became qualified in his trade a few months ago, looking at the money we'd collectively make over the ditch in comparison to NZ is insane! It's a no-brainer when you could more than triple your income in an instant.
Boundary, shipping and scaling problems limit the effectiveness of any person in most smaller economies. Estonia and other outskirt European economies, for example, while developed, simply have no choice but to whittle into Poland or Germany. The mid-developed Caribbean is on a steady road to nonexistence. I'm not saying NZ is acting optimally, but there is a point at which even optimal action cannot solve this problem.
Canada has the same issue. The benefit of course is low healthcare costs for the people. But even if we switched to private care it would be tough to compete with the economic behemoth next door.
PEWOOP!!!
Thanks for breaking down how much doctors actually make Dr. Mike! This was really insightful and helpful. Keep up the great work!❤
If doctors in the USA earned same as in Europe the GDP of the USA would drop by a third.
Half of them did not even disclose their salary. I know physician salary vary by specialty, location, practice, etc but come on.