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Right. You would have to be sicko to make $100K a year on 8 cpl.

Posted By: nm on 2006-05-19
In Reply to: Yes, I agree overall it is possible - here is my answer

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Now you know why a lot of chefs make $75,000-100k a year!

It will be interesting to see the final episode tonight. 


I would say if you have to make $100k at something
Yes, there might come a day where you could make that money in MT. However, it's not going to happen overnight and certainly not at 8 cpl.
Same as you, sicko posting sicko posts, bet, it's you!
nm
SICKO
Sicko is a politically biased liberal based movie. Michael Moore is a notorious liberal so he slanted it his way. Why not a movie from an objective person neither conservative or liberal. Moore has an agenda as does all of Hollywood to keep the Democrats in office period end of story. These are people who have never "worked" a day in their lives. I dare them to sit here and transcribe some of the crapola that comes over our headsets. That's work. LOL unfortunately
sicko
I have no problem caring for those that cannot care for themselves. But I have a huge problem caring for those that can care for themselves but prefer to be on welfare. Sorry it is a fact I have worked on the police dept for years till I recked my back. I have seen it all. The guys on welfare selling crack on the corners, the whole works and they were in better shape then I am. I have a great retirement but do I sit around and do nothing despite the fact that I am in pain everyday of my life...NO I took up this crappy job, no offense I just hate it because it is boring. But you do what you have to do to get the better things in life. That and I didn't want my kids to see me sitting on my butt doing nothing and getting money for it...If someone is physically or mentally disabled and CAN'T work, that is one thing. But when you have 5 or 6 welfare babies to support you and you are perfectly capable of working and don't that's where my problem comes in. I feel bad for the kids and they are already taken care of in the system. If your an illegal well too bad, you broke the law and came into this country and I refuse to pay for you to break the law and have me pay my taxes so that you can have health care. Moore's stories are the extreme not the normal otherwise they wouldn't make for good viewing. There are people in Canada and the UK who are dieing waiting for treatments. Socialized medicine doesn't work.

Lets put it this way. You have a brain tumor. You have Dr. A who is by far the best neurosurgeon in the area hands down. He works at it because he gets the recognition and good feeling from being the best let alone the money..God knows he paid enough for college. You see him, he operates and you are fine. You have socialized medicine. There is no incentive for that or any doctor to be the best, better yet there is no incentive to even be a doctor anymore because you are no longer a distinguished member of society. There are those that will do it out of desire to help others but excel no..
So say your brain tumor doesn't get seen by the best and gets seen by Dr. B because he is next in the rotation. He operates, you live but are incapacitated in some way. Now your a drain on society in general because you can't work and we need to take care of you now. You lose your independence and every aspect of the life you once loved.

I will fight against socialized medicine till the end. I want the best doctors. I want this country to have people that want to excel and be the best. And I want to compensate them for being the best. Thats what makes this country great....
anyone see Moore's film *SiCKO*??
among many other insurance companies......
how does one make 50K/year?

I mean really, please let me know your secrets. 


There is no other job where I could make 60K per year sm

and do it in my pajamas.  I love my job.  Hope you found something good.


Unfortunately, MT does not work for everyone.  If it didn't work for me, I would try something else, too.  You have to have certain skills, a certain mindset, etc., or you just cannot make it. 


I make about $24,000/year, and that's -
:(
I make about $6K more per year with my CMT.
:)

I will make just over $40K this year sm
Actual, I am typing, hands on the keyboard time is about 8 to 9 hours a day. I work as an employee at 8.5 cpl and as an IC for 10 cpl and I do some QA for $16 an hour. The QA is a courtesy to my IC company and really cuts into my typing time there where I can do $30 an hour or better. QA is only about 5 hours a week, except when I am training an MT, and I am training 2 right now. It was 8 hours so far this week.

You ask about normals and expanders. I use an Expander with a lot of shortcuts, as in many thousands. Normals, I have some. The system at my employee job has some in it, I have made a few (less than 50). The IC job I have made a few too (less than 25). Most of my normals are shells of headers and the few things they always say. All I do it is acute care, primarily OP notes and yes, I don't have that many normals. When your pool has about 2000 doctors in it, normals are a challenge to find and make.

I have oh, reasonable work habits. I take frequent short breaks because I have to. I do work a split shift, which really helps me make it through the day, and the IC is catch as catch can, and about 6000 lines every 2 weeks. I usually spend about 2 or 3 partial hours a day typing at top speed, like an athlete. The rest of the time I do the best I can. I have stellar days and days when I feel I like I need to eat every hour! And I do it too.

Yup, I do the laundry and the dishes while I am working. I always have the TV or a DVD in, but music on Saturday mornings.
I also make many gifts throughout the year....
and spend alittle on the grandkids. This year I'm making a collage of pictures of my mom and dad (both deceased) for my sister, and my 3 sons. Friends get baked goodies and candies.

Grandkids will each get a toy (yes "A" toy), and a couple of small books (I'm the "Book Gran"). I'll make stocking for my 3 sons, my DIL and my 3 grandkids, just trinkets, etc that I find at the dollar store, and fruit and candies (like M&M's). And that's it.

Christmas isn't about GIFTS, its about love, hope, and faith.
How much do you make per year doing MT and do you work PT/FT and
for a company or have your own clients?  Just wondering how I compare.  I work for both and made just over $24,000 last year.
Shut the h*** up. I make $75K a year doing this with BIG nationals.
I get full benefits. I'm not gutless in any way and I'm NOT having my "rights" taken away from me.

They're not doing anything to me I don't want them to do.

If that's YOUR situation, then make that STUPID statement about your own idiot self.

I'm doing just fine financially, Granny. I doubt YOU make the money I do. Not many do, they're not willing to sit their butts down and actually WORK for more than a few minutes at a time without running here and complain to all the other 'children' about 'school'.

I don't take s*** off anyone, not individuals and certainly not places I work -- there are too many of them out there to work for and if I don't want to do that, I can work for myself.

I kinda like the fact that I bring home more than THREE times what it takes for me to live, AND have insurance, AND a TSA, AND choose my work schedule.
KD, are you on crack - very few people make $50,000/year - sm
I make about $58,000, but I work my butt off doing it, have 18 years experience. You sound like a Sally Struthers ad when you make a comment like that! Next thing you know, you will be telling this woman that she can breastfeed her child while she is transcribing and have another one sitting on her lap!!

I do love this job, but I tell people to expect to make at least $25,000-$30,000/year.
are you the same Laura E who did not even make 12k last year? That doesn't
sound like plenty of work. It sounds like PT and that does not mean that there is enough for FT.
Anybody make less than $12,000/year, part time - sm
I know at just part time (minimum 25 hrs a week) I won't be pulling in a ton of $, but I thought it would be a little more than that.  Am I alone?
Low wages? I make approx $60K a year at
nm
100K
I agree!
I could only wish
Who ARE these people who make this stuff up every year charge $ for it??
I could make one up every year myself.  Why do they think they are an authority.  I have never understood this, and will never buy another one.  I bought one in my life for $75.  What a waste of money to read someone's "made up rules for this year."
40-year-olds tend to make much better students
than 20-year-olds!

In four years you will be 42 years old either way. Do you want to be 42 with or without your Batchelor's degree? :oD


I LOVE freezer jam - make it every year with our berries!
NM
What about benefits? I make 50k a year working for a company
out of my home full time. No gas money, no traveling, no printing, faxing, and I get full benefits. How is making 50000 as an MTSO good money? I really just don't get it!
Basically, you make a projection of what you think you will clear for the year.
Then figure what the tax due on that amount would be and break it into four payments. There is a worksheet out there from the IRS the helps you to do this. Your state income and local taxes should also be paid quarterly and would be based on the same $$ amount.

The first year of IC is the hardest to guess because you will have deductions that you may not even be aware of but I would strongly encourage you to go IC!! I love it, despite the drawbacks as some posted below.

As a true IC, you decide when to work, how much you charge and don't let anyone else tell you that the clients you do work for have the right to dictate your work hours to you. Some have referred to working for a company or companies; if that's what you do and they dictate to you your hours, you're NOT an IC but an employee and therein lies the problem with scheduling.

There are way too many people out there who apparently think they are ICs when, in fact, they are employees. The companies that are telling them when to work, how much they will pay, are flat out wrong if they think they can call these people IC and then dictate the above parameters. Just make sure that the advice you are receiving regarding IC is actually from someone who really knows and understands what an IC is.
Are you saying that you earn 100k
NM
I make photo calendars featuring snapshots from last year
Birthday celebrants featured in each month; group photos for holidays. Made my files using the hp activity center, saved on my computer, then printed them using the recommended paper, which I ordered from the same site and was shipped overnight for free. Draw-back: time- and ink-consuming (good thing we refill our cartridges).
8 and 9 year olds do not have the maturity to make decisions like this. That's why they have pare
x
Well, ya can't make $50k a year unless you're willing to give up your life and be chained to S

you PC 12+ hours a day.  I can't recommend any particular school as I didn't go to one of the "online" schools.  I learned in an actual classroom which I recommend over any of these online schools.  Another thing I recommend is working in an office for at least six months, but more like a year, because there is a gigantic learning curve once you actually get a job.  There are just things that schools can't or don't teach, things that can only be learned on the job from other MTs who have been doing it longer than you.


Don't get me wrong.  It's great to be able to work from home.  Personally, I don't think newbies should be allowed to work at home right out of the gait.  There is some much they don't know.  They need help.  They need to be able to ask questions and one of the best things about working in the office as a newbie, is being able to ask the seasoned MT next to you to listen to something for you.


Having said all that, I think MT is slowly dying.  It's become difficult to make a decent living in this profession.  I'm one of the few lucky ones.  I work at-home for a hospital.  I get paid hourly, get incentive, and have all the benefits of being a FT employee.  Oh, and they can't take my benefits away if I don't make my quota.


You can't support a family on 7 or 8 cpl or even 9 cpl when the dictation is the crap they won't send to India.  I would suggest finding another profession.  The trend in medical coding is that all coders will be working from home soon what with everyone going to the Electronic Medical Record.  I would go into coding.  You may end up working in the office for a while, but I don't see coding being outsourced to India any time soon.  


Good Luck.


100K is pretty much out of the question
Assuming you work 40 hours, which is 2112 hours per year, divided into 100K is over $47 per hour.  You would have to type 580+ lines per hour to average this,  which is not likely.     
100K was mentioned in post below
by "Pollster".
I *only* make $40K a year for full time work. Now I find that isn't decent is or fair?
nm
Heck, why should we share our $100K ideas?! ROFL
You want big bucks? Do big amounts of work!!!!!!


Can someone please tell me how these folks who are posting making $75-$100K working for services ...

are making this kind of money? I've been in this profession for over 20 years and the MOST that I ever made in a given year was $50K working for a service and that was with loads of off-the-clock overtime.  Where I work now the majority of decent work is being offshored and the American side MT's are left with terrible work to wade through.  A 'good' check for me now would come out to the equivalent of about $10 an hour!


I can see how folks who have their own accounts could make the type of income range above, but working for a service?  What is it that the rest of you now that obviously I'm totally missing???


Mine are in year-round thank goodness! They've started their new year 2 months ago.
x
Union diesil mechanic - good pay, great benefits. We swap year to year on who brings home more sm
money.....but I am an IC and he has all the benefits...health insurance/dental that the company pays for, pension plan, 401k, etc.  Factor all of that in and he makes way more than I do.
to cowgirl - Last I knew, last year the job paid $25,000/year no taxes, etc.
The hospital was bombed about a year ago, but not a lot of damage, very minimal damage.
44-year-old WF, M, Texas, 3 grown kids, just had 26 year wedding anv.
nm
nope, still crunching last few days of year to hit my 50k this year. how can you when you haven'
;
Nothing this year. We ALWAYS got a cool surprise in the past, but this year nothing. :-( nm
d
After I went to a 1-year MT course at a vocational school, it was so bad that I did the 2-year colle
Not only did I finally receive the proper training, but the woman on the advisory board hired and mentored me. I also joined the local AAMT and networked. Good luck. I know how frustrating it can be. A community college will have a good program to include medical language, MT courses taught by local MTSOs, business English, anatomy and physiology, pathophysiology, etc.
One year and you make decent money? What is decent money to you?
k
I think he makes $700,000.00 a year, and if they ask him to walk before his first year MQ has...sm

to pay him a cool 1 million dollars.  You can check this out at the Medquist website.   I think the CFO makes $350,000 a year, and the head of IT makes $250.000 a year.


P.S.  This does not include the perks, like expense account, car allowance, sign-on bonus, etc. 


Our 16 year old son has been working for a year now to pay for his truck.
He's learning how to sand and do body work and how the engine and transmission go together. My parents didn't buy cars for my siblings and I either. I had a 20+ year old beater car until I could afford to move up to a a newer one.

I see all the nice new cars parked in the high school parking lot every day. It's nice that so many disrespectful punk kids get handed something nicer to drive than what all the teachers drive. Oh, well. Honestly, I think most of them borrow Mommy or Daddy's car or are the child of a doctor who can afford to hand them everything.

Hopefully, my kids will take better care of their cars because they bought and built them on their own. You're not going to grow up to be responsible if you don't work hard for something and expect Mommy and Daddy to bail you out all the time.

Oh, my Dad lectured us on even allowing our child to have a vehicle because Dad didn't have one until after he had worked his way through college, lettered on the football team, got straight As, lettered on the baseball team, yadda yadda. He either walked or hitched a ride. Yeah, well, times were different back then, Daddy-O. LOL At least my kid has the opportunity to work and earn his own car.
IC - 30 hours week, $98K last year. So far this year - 28K. sm
Individual IC - own account(s).
Not me, owed last year, and expect to owe this year- sm
or break even, had more expenses this year. Only owed $200 but still don't want to owe at all. Need to start doing estimated tax payments again so I don't owe! Guess I will get off my butt and do that this year.
You spending 3K in gasoline to make 4K plus all that time on the road?That doesn't make sense Pat




How nice that the world revolves around what you make and no one else could possibly make more. sm

Marla in So. California pays 11 cpl for a 55 ccl, Oracle pays 9-1/2 cpl, MDI-MD 11 cpl, JLG 10 cpl for gross line, etc.


Of course, these are rates negotiated and paid to qualified MTs.


come on.. you cannot compare a 2-year-old and a 15-year-old
x
46/F I have a 9-year-old girl and a 12-year-old boy.
.
Got $$$$ back last year but this year
I have to pay them, sold a property I never lived in but I had enough sense to set aside $45,000 so just waiting on them to send me my WT2s so I can get started.
When I see mistakes I repeatedly make, I make a quickcorrect for it (sm)
for example if I type we plant o instead of "plan to" I have a quick corrct so that if I type plant o, it replaces it with plan to, etc. It is hard - I was with the same company for 8 years. I do not work for anyone with an accuracy requirement though.