GT-R owner------Occupation ?
i own a lot of property in detroit, residential and commercial outside of town, 25 years old, pretty much i receive income from various streams, and it's nothing to buy a gtr if you invest in detroit, i tell you what a gtr is 80k, take a credit card, with 10k, buy one of my investments homes i can find you foreclosed for 5k, put 3k into it from home depot. it'll be worth 60k, sell it to some investor for 40k, let them keep the equity for them to pull a second mortgage, and you put down 5k, on the gtr. step two. take the 25k you have left repeat the process, buy another home, refi it, and buy three more, fix them up, rent them out to government home tenants you'll have the gtr, and the payments made and be worth 160k+ with three homes in detroit for a few lousy investments it's nothing just stop chilling in your cubical.
I chose not to buy a GTR for a few years. To add to the comments of this thread, however, I'd like to mention that business ownership is a huge risk, but it is where the fastest, largest rewards lie. College educations are great for some people, but they aren't necessary for making a lot of money and enjoying what you do.
A few facts to consider:
Not one person that I know with income over $250k/yr is an employee
Not one person that I know with a 4-yr degree or grad degree earns nearly as much as many business owners I know, unless they are business owners themselves
Obviously, there is great personal financial risk and sacrifice required for this route and it is not for everyone
A few facts to consider:
Not one person that I know with income over $250k/yr is an employee
Not one person that I know with a 4-yr degree or grad degree earns nearly as much as many business owners I know, unless they are business owners themselves
Obviously, there is great personal financial risk and sacrifice required for this route and it is not for everyone
I chose not to buy a GTR for a few years. To add to the comments of this thread, however, I'd like to mention that business ownership is a huge risk, but it is where the fastest, largest rewards lie. College educations are great for some people, but they aren't necessary for making a lot of money and enjoying what you do.
A few facts to consider:
Not one person that I know with income over $250k/yr is an employee
Not one person that I know with a 4-yr degree or grad degree earns nearly as much as many business owners I know, unless they are business owners themselves
Obviously, there is great personal financial risk and sacrifice required for this route and it is not for everyone
A few facts to consider:
Not one person that I know with income over $250k/yr is an employee
Not one person that I know with a 4-yr degree or grad degree earns nearly as much as many business owners I know, unless they are business owners themselves
Obviously, there is great personal financial risk and sacrifice required for this route and it is not for everyone
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From: Hawaii
He can not charge more, unless two things happen:
1) The majority of his customers are cash paying customers, and prefer his store and the higher prices over Walmart, CVS, etc and their 4 dollar generics
2) He somehow manages to negotiate an outstanding deal on the cost of medications he buys from his wholesaler thereby increasing his margins giving him more cash flow to be able to pay a pharmacist more (if this is the case though, most owners would just work themselves and pocket the extra money, that costs MUCH less than hiring a new pharmacist and having to pay all associated costs that go along with that)
1) The majority of his customers are cash paying customers, and prefer his store and the higher prices over Walmart, CVS, etc and their 4 dollar generics
2) He somehow manages to negotiate an outstanding deal on the cost of medications he buys from his wholesaler thereby increasing his margins giving him more cash flow to be able to pay a pharmacist more (if this is the case though, most owners would just work themselves and pocket the extra money, that costs MUCH less than hiring a new pharmacist and having to pay all associated costs that go along with that)
My friend that owns a GT-R is a professional athlete. He competes in Track and Field, and is sponsored by Nike.
I do pretty well, but could not possibly consider a GT-R. A tend to agree that a 200k+ salary would be required. I have no debt other than my home loan (less than $1500/month). Cars, credit cards, etc. are all paid off. I am well over 6 figures, but it would be a huge stretch at this point.
I do pretty well, but could not possibly consider a GT-R. A tend to agree that a 200k+ salary would be required. I have no debt other than my home loan (less than $1500/month). Cars, credit cards, etc. are all paid off. I am well over 6 figures, but it would be a huge stretch at this point.
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Joined: Feb 2005
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From: East Texas (Tyler Area)
I didn't say he would make more in East Texas than in South Texas. I said he would make more than being in Dallas.
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Joined: Feb 2005
Posts: 2,149
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From: East Texas (Tyler Area)
Infusion therapy is a much different animal, and a great niche to fill so long as there is a local demand ( sounds like there is) And, government (Medicare/Medicaid) reimbursement for that stuff is pretty good. It is a great way to make a pharmacy money!
All of the lawyers I know that make that kind of money are the owners of their own firm. If I really thought hard, I might be able to find 1 or 2 MD's or Esq.'s that make that money and are employees. I guess I don't honestly know everybody's income either, but I know a lot of them, due to my relationship with them. I know more attorneys than most ppl (my dad is one, but he made his money as an EVP, part owner) being that my company services a lot of law offices. Certainly the partners make really good money, but they are owners. I know dentists that are employees, but they make around $150k.
In AZ, that range is (at 40hr/wk):
At ASHP Midyear last month I caught up with a few fellow Directors who were GTR owners; the caveat being their wives were also pharmacists, attorneys or physicians
bittersweet...
Interestingly, the 'economy' has contracted the RPh opportunities quite a bit, so for the first time in 8 years of Pharmacy practice, the wages appear to no longer be climbing at the annual 5 - 8% increase we've enjoyed for the last decade.
- $106k - $155k/yr (institutional setting)
- $114k - $170k/yr (community/retail)
At ASHP Midyear last month I caught up with a few fellow Directors who were GTR owners; the caveat being their wives were also pharmacists, attorneys or physicians
bittersweet...Interestingly, the 'economy' has contracted the RPh opportunities quite a bit, so for the first time in 8 years of Pharmacy practice, the wages appear to no longer be climbing at the annual 5 - 8% increase we've enjoyed for the last decade.
Last edited by JoeDirtPharmD; Jan 27, 2009 at 05:14 PM.
New Member
Joined: Feb 2005
Posts: 2,149
Likes: 0
From: East Texas (Tyler Area)
In AZ, that range is (at 40hr/wk):
At ASHP Midyear last month I caught up with a few fellow Directors who were GTR owners; the caveat being their wives were also pharmacists, attorneys or physicians bittersweet...
Interestingly, the 'economy' has contracted the RPh opportunities quite a bit, so for the first time in 8 years of Pharmacy practice, the wages appear to no longer be climbing at the annual 5 - 8% increase we've enjoyed for the last decade.
- $106k - $155k/yr (institutional setting)
- $114k - $170k/yr (community/retail)
At ASHP Midyear last month I caught up with a few fellow Directors who were GTR owners; the caveat being their wives were also pharmacists, attorneys or physicians
bittersweet...Interestingly, the 'economy' has contracted the RPh opportunities quite a bit, so for the first time in 8 years of Pharmacy practice, the wages appear to no longer be climbing at the annual 5 - 8% increase we've enjoyed for the last decade.
As to your salary remark, I tried to get my wife to go to pharmacy instead of nursing; but oh well, she stays at home with kids now anyway
I sell out on the weekends for CVS - the extra $60/hr pays for the projects around the house (flooring, spa, etc.) and if anything else, a change of pace from the Mon - Fri administrative role.
With that in mind, I feel that community/retail Pharmacists are grossly overpaid, but I'll take it nonetheless
It puts one within earning range of a GTR, but I lived on enough Ramen throughout undergrad and pharm school to be content on settling for a +500rwhp Z for the time being and enjoy well-rounded meals and vacation opportunities... LOL
Last edited by JoeDirtPharmD; Jan 27, 2009 at 09:55 PM.
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From: East Texas (Tyler Area)
Asst. DOP; manage one of the large inpatient facilities downtown. The real bummer is the 1hr. commute given the amount of traffic on the I-10 (recent install of the damn speed enforcement cameras did nothing to help the masses move any more consistently), however I enjoy the facility.
I sell out on the weekends for CVS - the extra $60/hr pays for the projects around the house (flooring, spa, etc.) and if anything else, a change of pace from the Mon - Fri administrative role.
With that in mind, I feel that community/retail Pharmacists are grossly overpaid, but I'll take it nonetheless It puts one within earning range of a GTR, but I lived on enough Ramen throughout undergrad and pharm school to be content on settling for a +500rwhp Z for the time being and enjoy well-rounded meals and vacation opportunities... LOL
I sell out on the weekends for CVS - the extra $60/hr pays for the projects around the house (flooring, spa, etc.) and if anything else, a change of pace from the Mon - Fri administrative role.
With that in mind, I feel that community/retail Pharmacists are grossly overpaid, but I'll take it nonetheless
It puts one within earning range of a GTR, but I lived on enough Ramen throughout undergrad and pharm school to be content on settling for a +500rwhp Z for the time being and enjoy well-rounded meals and vacation opportunities... LOLCongrats on the job. It is always good moving up in the world. I know what you mean about the part time thing paying for the fun, I do that as well.
Asst. DOP; manage one of the large inpatient facilities downtown. The real bummer is the 1hr. commute given the amount of traffic on the I-10 (recent install of the damn speed enforcement cameras did nothing to help the masses move any more consistently), however I enjoy the facility.
I sell out on the weekends for CVS - the extra $60/hr pays for the projects around the house (flooring, spa, etc.) and if anything else, a change of pace from the Mon - Fri administrative role.
With that in mind, I feel that community/retail Pharmacists are grossly overpaid, but I'll take it nonetheless It puts one within earning range of a GTR, but I lived on enough Ramen throughout undergrad and pharm school to be content on settling for a +500rwhp Z for the time being and enjoy well-rounded meals and vacation opportunities... LOL
I sell out on the weekends for CVS - the extra $60/hr pays for the projects around the house (flooring, spa, etc.) and if anything else, a change of pace from the Mon - Fri administrative role.
With that in mind, I feel that community/retail Pharmacists are grossly overpaid, but I'll take it nonetheless
It puts one within earning range of a GTR, but I lived on enough Ramen throughout undergrad and pharm school to be content on settling for a +500rwhp Z for the time being and enjoy well-rounded meals and vacation opportunities... LOL
Here's another candidate.
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Last edited by InZpire; Jan 29, 2009 at 01:54 AM.
I chose not to buy a GTR for a few years. To add to the comments of this thread, however, I'd like to mention that business ownership is a huge risk, but it is where the fastest, largest rewards lie. College educations are great for some people, but they aren't necessary for making a lot of money and enjoying what you do.
A few facts to consider:
Not one person that I know with income over $250k/yr is an employee
Not one person that I know with a 4-yr degree or grad degree earns nearly as much as many business owners I know, unless they are business owners themselves
Obviously, there is great personal financial risk and sacrifice required for this route and it is not for everyone
A few facts to consider:
Not one person that I know with income over $250k/yr is an employee
Not one person that I know with a 4-yr degree or grad degree earns nearly as much as many business owners I know, unless they are business owners themselves
Obviously, there is great personal financial risk and sacrifice required for this route and it is not for everyone
Many VPs for insurance companies make that kind of money as well.
Yes, your right, I would never work for anyone again as I've been self -employed for the last 5 years.
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Joined: Mar 2003
Posts: 385
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From: Los Angeles
i own a lot of property in detroit, residential and commercial outside of town, 25 years old, pretty much i receive income from various streams, and it's nothing to buy a gtr if you invest in detroit, i tell you what a gtr is 80k, take a credit card, with 10k, buy one of my investments homes i can find you foreclosed for 5k, put 3k into it from home depot. it'll be worth 60k, sell it to some investor for 40k, let them keep the equity for them to pull a second mortgage, and you put down 5k, on the gtr. step two. take the 25k you have left repeat the process, buy another home, refi it, and buy three more, fix them up, rent them out to government home tenants you'll have the gtr, and the payments made and be worth 160k+ with three homes in detroit for a few lousy investments it's nothing just stop chilling in your cubical.