—”No reason to invest the money.”
A comparison.
Our son-in-law is a plumber, another relative is an MD Physician.
Out of the chute, the plumber is $50/hour for his regular 40 hr job. And often 40 or more hrs on the side.
He has some lean times in the depths of the 0bama years.
The MD has a one-year internship, then another year unpaid fellowship... Buy into a practice $$$, very expensive equiptment$$$ and many hours every week.
10 years in the Plumber buys a very nice house with acreage.
15 years the Doc has a very nice house built on a barrier island. Now mostly debt-free he is in the fast lane. The Plumber is also debt-free.
The plumber has to cut hours to be a soccer coach.
His regular job carries him well but at a slower pace.
Some of his friends are starting their own businesses with luck a better path.
A big city plumber can financially do as well as a small market Doc. No match if both are working in a large city.
The plumber, besides having no social clout, will spend most of his working life in the freezing cold or summer heat and will suffer long term physical problems. I want good “indoor work” myself.