I appreciate what many of you have said. Honestly, if dentistry is all you care about, and probably the only thing you enjoy doing all day everyday, go for it!
Personally, I went into it as a job, hoping to make good money i.e. >200-300k. That is highly unlikely given my conversations with faculty and other dentists, very few dentists will make more than 150k even 10-15 years out, just look at the average income listed out there on BLS and the ADA website.
It's a crappy field for someone like me who doesn't like the whole subjectivity of what looks good/doesn't and the extreme level of details. I wanted a good paying job, with a good lifestyle, something you can find easily in medicine as an anesthesiologist or emergency care physician where you work every other day, or as a psychiatrist.
A couple of things I wanted to address here.
"Just look at the average income listed out there on BLS and the ADA website" sure, we should. In ADA's 2014 iteration of its salary statistics, it wrote this: "$140,000 = median annual net income, general practitioners in private practice, limited to dentists with dental school graduation years 2010-2013". Note a few things here: 1) many of those will still be associates (especially if they did a GPR/AEGD), 2) some may be part-timers, 3) many have not reached an optimal clinical speed/set of skills to produce more. But even then, $140,000.
In fact, these three factors (and some others I will list below) push the average lower than it really is since these part-timers/associates/not established owners will definitely be making less since they are still trying to establish their career.
Some other factors that haven't been address in salary figures are:
1) Corporation aspects. Some owners keep their income in the corporation. You don't report that figure.
2) Not everyone who reports a salary is an established owner.
3) Not working in an area with some level of demand. This will affect salary figures greatly.
4) What is the procedural mix of the practitioner? How much or how little stuff do they keep in house?
Therefore, if you are established, work in an area that has some demand, and do higher producing procedures, you will be making more naturally.
Let's look at the 2014
Dental Economics/Levin Group Annual Research Report. They noted: "Looking at revenues per full-time doctor, there is a drop of 3.8%, from $649,839 to $625,278. Average production for full-time associates was $553,492. Average gross production per hygienist increased 9% compared with last year to $176,582, exemplifying what Dr. Levin refers to as "doing more with what you already have.""
On DentalTown, the average production per solo practice has been quoted to be about 700-800K in the US. If you're established and you can't break 150K, there's something off. If you hire a dental CPA, 800K production is not an issue if you really care about your business (you're willing to work your butt off) and keeping up with procedural mix and you're a decent human being. If you produce 800K, you'll break 250K just fine after you factor in business expenses and corporation reduction in taxes. And many more produce more than 800K and some produce less than 800K. YMMV.
You won't be making "good money" with that attitude. Dentistry will be tough for those who aren't genuinely interested in it. Even if you made a lot of money, and the ones on DT sure do, there is still a lot not to like about the profession (as DTers always complain about).
"I wanted a good paying job, with a good lifestyle, something you can find easily in medicine as an anesthesiologist or emergency care physician where you work every other day, or as a psychiatrist." Psych doesn't really pay that well (180-200K is reasonable). You "work every other day" in emerg because that other day is for you to get some rest or else you'll burn out immediately. It's very taxing and emerg is one of those fields where you need to start doing fewer shifts or doing more admin stuff as you age. Sure anes is great but anes is also E-ROAD. It's not easy to get into and there's encroachment with CRNAs. It's also not everyone's up of tea.
Go into what you are genuinely interested in. Or you'll burn out fast if it's patient-centred.
Cheers