<prompt> Human: Throwaway for reasons.Next summer my wife and I will be finishing our fellowships and be starting in the real world for the first time. Were applying for jobs now and have been blown away by the salary offers. Im finishing my interventional cardiology fellowship and my wife is finishing her gastroenterology fellowship. Combined, starting next year were looking at salaries in excess of 1 mill. Neither of us have ever made more than 90k residency and fellowship salaries are a joke.First and foremost, we have over 600k in outstanding student loans. I think we should pay these off first, but my wife wants to buy a house first. Depending on the offers we accept well be getting anywhere from 50k-200k in signing bonus, should we just dump this into student loans? Or use it for the down payment for a house my wife is looking at houses in our city in the 2 mill range, which I figure need 400k down payment?Second, how do we start investing this? I obviously dont want to just stick this in a savings account but are there any resources we can start reading about on how to not waste all this money.Any help is appreciated, just feeling overwhelmed by the types of job offers Imwere getting after basically spending the past 16 years of my adult life super poor and in massive debt.  <response>: 2 physician household here. Your choice depends on your philosophy, AND whatever you and your wife agree to.Option 1- Buy a very expensive house which you wont qualify for for two years... and work on the mortgage, kids college, nice cars, great fooddining, and student loans when you get around to them. With that income, you should be able to clear things up in 10-15 years while acting normal. Of course, if either of you is temporarily disabled, or wants to take a break from medicine, or practice in more disadvantaged communities, or any of a number of things that can affect your income, that is not really an option...SO, option 2 looks like rent for a year or two while you clean up the mess. That means pay off the loans, THEN start looking for houses, cars you will buy with cash, and investing appropriately for retirement, college, etc.Assuming a 1,000,000 income, you will owe AT MOST 310,000 in federal income tax. That looks like you have enough left over to get rid of the loans and scrape by on 90,000 for the first year. Now imagine two years from now with no debt; you can truly afford a 2,000,000 house if you wish, youll have retirement investing and investing for kids colleges set up you wont be getting any financial aid for them..., youll have obscene amounts of money available every two weeks to do with pretty much as you please. Someone wants to take a year off, or spend 6 months in Haiti helping out? Not a problem. Youve delayed pleasure for a long time; delaying it for another two years or less means incredible amounts of financial peace and freedom if you dont succumb to being normal. Good luck! 