1. money and stability comes later, but there is nothing that even compares to the certainty of this money and stability in any other career. It's not potential. It's a fact, that you get that much money once you are fully accredited. unlike other careers, unemployment issues are very small.The answer isn't that simple, and a lot of those are myths. You do have the potential for money and stability, but that comes much later. For the next 15-20 years, if you decide to do medicine, you'll be working unpredictable hours, moving all over the country, and earning a small income whilst having massive piles of debt and expenses to pay. Not to mention high social status isn't really felt nor should it be a reason to do medicine.
2. unpredictable hours applies to any career if you plan to get this much money.
3. You do not have to move all over the country.
4. A small income is an understatement. It's probably equivalent to a normal graduate.
5. Pile of debt and expenses is HECs, gets cut from taxes.
6. Of course high social status is a part of it. You're respected by society and not demonised by the media like bankers.
In the long run, this is basically what occurs "medical degree = specialist physician doing what they want and making excellent money.".These are great points.
From the start of uni to the end of med school will be 5-7 years minimum, depending on if you do undergrad or postgrad and if you get in the first time you apply, which most people do not. That's 5-7 years of debt. There's a chance you will decide to (or possibly need to) undertake further study to make yourself competitive for specialty training, so there's potentially more debt.
The amount of money you make in your early years won't be bad - but it will be bad compared to the hours you work, how hard your job is, how hard you worked to get there. Your hours will be awful. You will be sacrificing a lot. Eventually you will make better money and have more control over your hours, but you have to train for a long time to get there. Once you get into a specialty training program, which may take many years, you might get lucky and be able to stay in the same location. Or you could have to relocate to another state, multiple times, for years.
Being respected in society is great but should not be the primary motivation to become a medical practitioner.
Also keep in mind that if you are offered a place in a medical degree, it may be a BMP, in which case you will be required to work 3 years in a regional or rural location in the future. This might not seem like a big deal when you accept your offer and enrol in medical school, but it might be very difficult by the time you have to actually return that service. What if you have a family, kids at school, a spouse who can't just leave their occupation (or... does not want to)? What if the specialty you have chosen and trained in is extremely difficult to practice outside of metropolitan areas due to lack of resources and facilities necessary, or even due to low patient demand?
I am not telling you not to consider medicine. I am just saying, give it serious thought before you commit. It's not just: medical degree = specialist physician doing what they want and making excellent money.
Nothing else compares to the rigidity and straightforwardness of this path.
Any other way to make that type of money is much more messed up compared to this.