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Old 09-21-2004, 12:06 AM   #1
oEcKo_UnLtDo
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is it possible to become a millionare by being a physical therapist?

is it possible?
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Old 09-21-2004, 12:11 AM   #2
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Yes. But they are called hookers.
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Old 09-21-2004, 12:12 AM   #3
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I'm sure if you do it for a professional team, you'll get paid good

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Old 09-21-2004, 12:17 AM   #4
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Actually yes....There is a man I know by the name of Chris Nieve. He is a physical therapist and a chiropractor. He just finished his carbon fiber 993TT...He races in the SCCA. He also has a Piper and a Mooney....He is in no shortage of money....BTW, he works about 30 hours a week

He gets away with this cause he has lots of people that work for him.

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Old 09-21-2004, 12:22 AM   #5
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Own a chain of PT clinics.
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Old 09-21-2004, 12:24 AM   #6
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Quote:
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Own a chain of PT clinics.
Exactly...
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Old 09-21-2004, 12:24 AM   #7
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anyone can become a millionaire with the right amount of luck, patience, hardwork, etc. a millionaire these days are a dime a dozen .. u dont need to be a physical therapist for the possibility of becoming a millionaire ..
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Old 09-21-2004, 12:27 AM   #8
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Quote:
Originally Posted by oEcKo_UnLtDo
is it possible?

almost any profession will make you a millionare, but how fast is the question. just don't spend your money on sh1t, eating out all the time, starbucks, coke machines, eating out for lunch every day at work etc..... all that crap adds up to an amazing amount. now that your bs spending is under control, invest in things that appreciate in value, example a fleet of hot cars is money down the toilet. stop trying to look like someone with money and start becoming someone with money.

be smart and seriously work with an investment advisor and you can relatively easily become a millionaire. think of it this way, physical therapist have to be making six figures, like basically every other doctor, lets say you start at 28 making madd stacks: living relatively moderately on 50K a yr and just saving the rest will make you 500K in a decade assuming you are making over six figs. now just think if you invest that 500K along the way and seriously you could be a millionare before your 45th birthday.

now think that you may be married and hopefully on a dual income for a while, thats all extra money to you my friend.

its all up to you, blow it on stupid sh1t over and over again to "keep up with what society tells you are the things of sucessful people", its all BS. Sorry for being blunt but it can be done if you want to be a millionare.
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Old 09-21-2004, 12:45 AM   #9
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like everyone else said, its your persistence and diligence that will take you to financial glory. and invest your money! but be happy while making all that money. no sense in being stressed out for the rest of your life.
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Old 09-21-2004, 12:58 AM   #10
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if you deal drugs on the side.
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Old 09-21-2004, 01:00 AM   #11
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millionairs aint sh1t these days...1-10mil are easy to make...but once you get into the 100+ range then you know you have it good
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Old 09-21-2004, 01:01 AM   #12
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Yep, what dmoeller17 said. My father is a retired pharmacist. Pharmacists make a pretty good buck but it's not huge dough by any means. Has a decent house back east, nice (average Honda, Toyota) cars, etc., and zero debt. Nothing flashy. He and his wife worked hard, saved and invested wisely. They are moving to So Cal soon and told me they are paying cash for the house (almost $.5M) and it's not contingent on the house selling back east. I have no doubts he's a millionaire. You just have to be smart and start young. If you start young enough, make decent dough, and save/invest you should have NO problem getting there.
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Old 09-21-2004, 01:09 AM   #13
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but what do you invest it on? im aiming towards stocks but i have no clue about companies that im about to invest in and stuff.
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Old 09-21-2004, 02:32 AM   #14
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Quote:
Originally Posted by oEcKo_UnLtDo
but what do you invest it on? im aiming towards stocks but i have no clue about companies that im about to invest in and stuff.

don't mess with it, hire an investment advisor to do it for you, well worth the $$.
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Old 09-21-2004, 05:28 AM   #15
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don't mess with it, hire an investment advisor to do it for you, well worth the $$.

investment advisors are not any better at determining what to invest your money in than an average layperson with the general understanding of investing. if they really are that superior in making money through investing, then they would not be working as investment advisors, but instead be retired billionaires.
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Old 09-21-2004, 08:05 AM   #16
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start your own practice. I know plenty of PTs that have opened up their own practices down here, and pull in heavy dough - roughly 20k/month.

and if you can't live luxuriously off 20k/month...something is wrong with you then.
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Old 09-21-2004, 01:43 PM   #17
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You can become a millionaire doing anything. It just depends how much of that income your going to invest for the future, and how much of that income you're going to use for living expenses.

Play around with a compound interest calculator that allows you to put in yearly deposits, look at the miracle of investing your money.
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Old 09-21-2004, 03:04 PM   #18
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Quote:
Originally Posted by Proteinbeast
You can become a millionaire doing anything. It just depends how much of that income your going to invest for the future, and how much of that income you're going to use for living expenses.

Play around with a compound interest calculator that allows you to put in yearly deposits, look at the miracle of investing your money.
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Old 09-21-2004, 03:17 PM   #19
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be a PT to the stars and make some $$$.
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Old 09-21-2004, 05:18 PM   #20
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Quote:
Originally Posted by EDawg
investment advisors are not any better at determining what to invest your money in than an average layperson with the general understanding of investing. if they really are that superior in making money through investing, then they would not be working as investment advisors, but instead be retired billionaires.

they are working as advisors because they need to make money to invest with, and from the IA's i know they are all invested very very heavily. Working in the industry give you a much higher understanding of risk management and the total portfolio allocations needed to accomplish goals.

If your talking about speculative investments, then no they are not any better then someone throwing darts at a board but thats not what most people are investing in
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