American vs European Doctors: who makes MORE MONEY?💰👨‍⚕️ Some key assumptions: -Both invest half their income & get an 8% average annual return -The American doctor pays off his debt (also using half of his income) before investing -Both receive roughly the median pay (though doctor pay varies pretty widely among EU countries) Clearly, becoming a doctor is a lucrative profession no matter where you live (not that money should be your primary motivation to become one), but are American or European doctors better off? Yes, American doctors are often burdened with an immense amount of debt, but their average salaries are 2-5x those of European doctors. But does the lack of debt + head start with investing pay off for European doctors? Watch until the end to see👀 Top tax rates in Europe tend to be ~10% higher than those in the US, and the threshold to reach the top bracket is much lower (so more people are subject to higher rates) 📌Learn how to invest so you can potentially end up with net worths like these with my FREE guide, “7 Steps to Invest” Follow to learn more of what school SHOULD’VE taught you about money🧠 Appreciate you! -Nick . . . . . . Disclaimer: This content is purely educational in nature and is NOT intended to be financial or tax advice. Consult with a qualified professional who understands your specific situation before making any financial decision. Nick holds the CFP® designation, and had a career as a financial planner, but does not currently advise clients and solely focuses on creating educational financial media. . . . #learnontiktok #moneytok #personalfinance #salary