Dentist- "I would've been better off working at McDonalds"

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Laceigh

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Take a look at this video- College Conspiracy by one of those conspiracy theorists. Fast forward to 08:25 and 10:46. A dentist is featured who talks about how "college ruined her life" because of the debt.

Her numbers seem kind of off- she says she's making $80K a year after many yrs of experience, but what do you think about her exponentially-growing debt amount? How can one graduate with about $136K in debt and end up paying back up to $400K/year? Am I missing something here?

Lol this has me slightly further convinced that the only way to dental school is thru a military scholarship.
 
I think she's in a bad area or is not a very good businessperson. I'm not quite sure why she's unable to see certain types of patients- didn't understand that part.
 
She says she is very limited to her pt pool but she can't see medicaid, medicare, and federally employed people. Plus, it seems she is very ill informed with her own debt and loan programs.

She says she never made enough to pay her monthly school loan payment which was around $1,000-$2,000. . . She either was very poor at her craft, had horrible pt management, or didnt try hard enough to get patients. Maybe she just got out of school, opened her own practice, and her business skills sucked so bad it failed, and her along with it. That is a huge risk with being a private business owner. Sometimes, like in her case, those risk turn out to be failures. . . Or she just figured she could get away with not paying back her loans and they all defaulted. she graduated in 88 and its 2011 and she is only making $80k, something is definitely wrong here...

Found the practice she works at: http://www.417dentist.com/
If you look at this place, she makes WAY more than$80K. This is a high end practice. Here is her bio which will give some insight why she is unhappy and in debt:
Born and raised in St Charles Missouri. She began her career in dentistry 35 years ago as a dental assistant. She gained her dental assisting degree in 1974 and then her dental hygiene degree i 1977. Dr ____ Worked as dental hygienist until she graduated from dental school from Washington University School of Dental Medicine, St Louis 1989. She was also awarded the Oral Medicine Award. She taught dental hygiene 8 years in South Carolina and Fl before returning to Missouri. . .
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Looks like she jumped around a lot, tried a lot of different jobs . .

This whole video is absolutely ridiculous.
 
One would have to doubt that she has the business acumen to even succeed at McDonald's.
 
Laceigh said:
Take a look at this video- College Conspiracy by one of those conspiracy theorists. Fast forward to 08:25 and 10:46. A dentist is featured who talks about how "college ruined her life" because of the debt.

Her numbers seem kind of off- she says she's making $80K a year after many yrs of experience, but what do you think about her exponentially-growing debt amount? How can one graduate with about $136K in debt and end up paying back up to $400K/year? Am I missing something here?

Lol this has me slightly further convinced that the only way to dental school is thru a military scholarship.
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Hello all,

I did not have a chance to see the video but I can tell you is this. Dentistry is a money making "POTENTIAL" career and guarantees nothing. There are super rich and there are super poor dentists and all in between. But if you look at all dentists in America in private practice, I can tell you that most are well of. Many of my former students are making way way more than me in their private offices so the money IS there. A freshly graduated general dentist today in the course of five year in practice should bring home at least 100K NET /year and if not, you are in a wrong place at a wrong time or in the wrong profession. Perhaps she should move to a different location, change her ways of doing dentistry, work at the dental school as tenured path professor (should make more than 80K at the assistant professor level) or work for the goverment where she is offered very competitive salary and benefits. The return IS there only if you know where to look. DP
 
Sounds like she's an exception to the rule. I don't buy the $130k ballooning into $400k story. What did she do, put dental school on her credit card?
 
UBDent19 said:
Sounds like she's an exception to the rule. I don't buy the $130k ballooning into $400k story. What did she do, put dental school on her credit card?
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This^

Not an expert here, but according to my amateur loan calculator
100k at 8% paid over 30 years only comes up to 260k
Shes talking about 100k going up to 300k so apparently shes got either higher interest or paying it off more than 30 years??

Look, I understand the point of the video, debt is scary after dental school and many other degrees. University is becoming more and more expensive and this is a worrying trend.
But honestly if you can't pay back 100k with interest after 30 years, YOU'RE DOING IT WRONG.

The video should give us some more details to shed light on why she fails so hard.

What may have happened is she got out of dental school on her high horse and proceeded to buy a new house, car, practice when she should have been paying off her debt. Lack of simple financial education and common sense should be equally feared as dental school tuition.
 
Well, it depends on which position in McDonalds we are talking about...

If drive-thru operator, then probably not, these guys make like $8 an hour (for a total of 18k per year)

If the manager, now thats a different story. These guys make bank (at 36k per year!)
 
dentalWorks said:
Well, it depends on which position in McDonalds we are talking about...

If drive-thru operator, then probably not, these guys make like $8 an hour (for a total of 18k per year)

If the manager, now thats a different story. These guys make bank (at 36k per year!)
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Hahahahaha love it.
 
mr24 said:
Hahahahaha love it.
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I agree with everything this video says; but I still think this lady is a *****. I'm sorry to put it so bluntly, but my gosh. She said she graduated with $136,000 in debt when she left dental school. Assuming she made absolute bottom of the barrel dental pay, around $70K, she should still be able to pay off the loan in about 10 yrs.

If she earned $70K, filing single she takes home about $57K after taxes= $4800 a month. 10 year payment options on her loan at 6.8% would yield a monthly payment of $1600 a month, or $1200 if she wanted to pay it back over 15 years.

http://www.finaid.org/calculators/loanpayments.phtml
http://www.moneychimp.com/features/tax_brackets.htm

She obviously doesn't have a super nice house (see video) so her home payment shouldn't be that much. Plus, if she is only earning $70K after 10 years, she should either:
A. Find a new job
B. Increase production
C. MOVE!

Get with the program. She is the exception, but I still nearly cry when I hear people who go to dental school at a cost of $400,000-$500K. It's just simply financially irresponsible if you ask me.
 
So she has "never been able to reach any of their projections" Take a look at 14:52 with the "estimated income sheet" from her school/loan provider. It's 2010 and she says that her estimated income was $260K ($259 on the sheet). So we can believe that the past estimates are on the left column of the sheet. She could not meet the minimum amounts for the first 10 years?
Here are the #'s (referring to estimated income after X years of graduating)
1 yr after: $40,945
2 yrs after: $44712
3= $48825
4=$53317
5=$58223
6=$63579
7=$69428
8=$75816
9=$82791
10=$90408
11=$98725
12=$107808

So you are telling me that in 10 years, she never earned more than $100K? In the first 5 years she never earned more than $50K????
BS. There is something else going on here. She either took out private loans at a gazillion % interest, is working part time or less, had other loans she was taking out and couldn't pay off, or is plain just an extremely inefficient dentist.
 
"When the [HEA?] loan defaulted, it told me I could not work on patients in Medicare or Medicaid."

... there are thousands of practices built on patients that don't see Medicare or Medicaid. How did she get 136,000 in debt when she went to school in 1988 (I thought a 'high' number for 88 was something like 80k?)

No help, no compassion, nothing.

I don't agree with the high tuitions and government loans that are being handed out to people with disregard, I think it's an insidious form of bubble, but what this woman is saying is ridiculous. I'd like to know how she defaulted on her loans back before they said she couldn't work on Medicare or Medicaid patients. Pretty much the lowest-paid starting dentist in the middle of California is still citing #'s like a 70,000$ starting job.

If 70,000$ a year can't tackle 136,000$ in starting debt, then man, I am utterly screwed when I try to crack the 300,000$ NYU nut.
 
jay47 said:
I agree with everything this video says; but I still think this lady is a *****. I'm sorry to put it so bluntly, but my gosh. She said she graduated with $136,000 in debt when she left dental school. Assuming she made absolute bottom of the barrel dental pay, around $70K, she should still be able to pay off the loan in about 10 yrs.

If she earned $70K, filing single she takes home about $57K after taxes= $4800 a month. 10 year payment options on her loan at 6.8% would yield a monthly payment of $1600 a month, or $1200 if she wanted to pay it back over 15 years.

http://www.finaid.org/calculators/loanpayments.phtml
http://www.moneychimp.com/features/tax_brackets.htm

She obviously doesn't have a super nice house (see video) so her home payment shouldn't be that much. Plus, if she is only earning $70K after 10 years, she should either:
A. Find a new job
B. Increase production
C. MOVE!

Get with the program. She is the exception, but I still nearly cry when I hear people who go to dental school at a cost of $400,000-$500K. It's just simply financially irresponsible if you ask me.
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Don't forget, if she made 70k as a dentist, her college loans are tax-deductible (you need to make 75k+ for them to be non-tax deductible)
 
Easier said than done. After so many years of hard work to earn a DDS degree, it is hard for a dentist not to think about getting a house and a nice car. It is hard to continue live like a poor dental student. I think it is dangerous to stretch the loan repayment to 30 years. With the extra cash they have (because of the lower required minimum monthly payments), the new grad dentists tend to think they have very good income and they start spending on unnecessary things.

Dentistry is a very stressful profession. Not every dentist can handle nonstop work 8hrs/day, 5 days/week. I've met a few dentists who are like the dentist in this video. They don't like to do time-consuming procedures such as molar endos and dentures. They don't like to take risk to set up a private practice. They don't like to deal with PITA patients who have unrealistic expectation. They don't like treating medicaid/HMO patiets because of low pay. So what do they do? They get a teaching job at a dental school and stretch the loan payments to 30 years. For the ones who couldn't get a teaching position, they work 3-4 days/week, only do simple hygiene and filling procedures, and only make $80k a year. My wife's prosth instructor paid off his student loans just a couple of years ago. He is a prosthodontist whom my wife regularly refers her patients to. He also graduated in the 80s.

I think you guys should first work in the real world for a couple of years before criticizing this poor dentist in the video. She is probably in her early 50s. It won't be easy to find a good paying job at her age since most owners prefer younger docs. When I applied to dental schools, nobody told me that HMO pays the dentists zero for doing an amalgam filling. Medicaid pays $38 for a filling.
 
charlestweed said:
Easier said than done. After so many years of hard work to earn a DDS degree, it is hard for a dentist not to think about getting a house and a nice car. It is hard to continue live like a poor dental student. I think it is dangerous to stretch the loan repayment to 30 years. With the extra cash they have (because of the lower required minimum monthly payments), the new grad dentists tend to think they have very good income and they start spending on unnecessary things.

Dentistry is a very stressful profession. Not every dentist can handle nonstop work 8hrs/day, 5 days/week. I’ve met a few dentists who are like the dentist in this video. They don’t like to do time-consuming procedures such as molar endos and dentures. They don’t like to take risk to set up a private practice. They don’t like to deal with PITA patients who have unrealistic expectation. They don’t like treating medicaid/HMO patiets because of low pay. So what do they do? They get a teaching job at a dental school and stretch the loan payments to 30 years. For the ones who couldn’t get a teaching position, they work 3-4 days/week, only do simple hygiene and filling procedures, and only make $80k a year. My wife’s prosth instructor paid off his student loans just a couple of years ago. He is a prosthodontist whom my wife regularly refers her patients to. He also graduated in the 80s.

I think you guys should first work in the real world for a couple of years before criticizing this poor dentist in the video. She is probably in her early 50s. It won’t be easy to find a good paying job at her age since most owners prefer younger docs. When I applied to dental schools, nobody told me that HMO pays the dentists zero for doing an amalgam filling. Medicaid pays $38 for a filling.
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You're right, I shouldn't be so quick to judge. I do however, think this is an exception, not the rule.
 
The office looks nice, the website is well put together, she lives in Branson-which is a vacation destination of sorts. Even on $70K per year today a person could live pretty well in the Branson region. All told, things really don't look that bad. My advice- either make a payment plan, sell the practice and work for HRSA for loan forgiveness, or don't worry about the debt- student loan debt dies with the student.
 
charlestweed said:
Easier said than done. After so many years of hard work to earn a DDS degree, it is hard for a dentist not to think about getting a house and a nice car.
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Even if the dentist lives lean, the "spouse of a dentist" can start demanding the nice house and car and things can start spiraling out of control.
 
Whoa, if this is true (which I doubt) I feel bad for that woman. It seems to me they're trying to send out the same ol' anti-establishment/education message.

The video reeks of propaganda.

To hedge my bets though - it is looking like I may have another term in the Air Force afterall.
 
I really don't like it when videos like this come out because it always makes me question which path I should take. I know this is a topic a lot of people on this forum get bashed at for discussing, but I believe this video begs the question: what is the safe path these days? Is it in dentistry? Is it in medicine? I can't decide for the life of me right now whether I want to get into dental or medical because to honest I don't want to get screwed getting into a profession which is going to leave me in a position where I won't be financially stable. Oh and just for the record, I am interested in both.

Here is my take on it and someone please correct me if I am wrong. Would an MD degree be one of the most valuable degrees to obtain? Would you be able to go almost anywhere in the world and be successful because employers know that you got your MD degree from a country with an excellent educational system? Does this also apply to dentistry?

Thanks for the responses.
 
the student loan issue ia the next big crisis. many think the real estate issue was big, this is worse, bc u cant eliminate the debt in bankrupcty and it has no statue of limitation. The usa is in financial trouble and has been selling student loan back securities to try and generate revenue... (remember real estate back securitie). student loan has become in a sense modern slavery. and with the rise of corporate dentistry and insurance companies dictating, dentist are making less. so while she may have a bad business sense there is some truth in the debt crisis we wil face regarding debt. many dont realize that when they say education, they are just talking about giving you more loans which the school then use as an excuse to raise tuition, and book fees, etc so it is inderectly a form of corporate welfare. unfortunately the student has to pay it off. in some states if you degault on a private or federal student loan you will lose your license. my suggestion is to live way below your means for the first couple of years and pay that sucker down. i have seen to many people go buy a corvette or an expensive house only to find out they are now two paychecks away from bankruptcy, keep in mind that in the usa you will be seen as well to do, and taxed a lot more. theyndont realize student loans takes a large chunk of your pay. so watch your debt.... its a killer in the real world.
 
Lunasly said:
I really don't like it when videos like this come out because it always makes me question which path I should take. I know this is a topic a lot of people on this forum get bashed at for discussing, but I believe this video begs the question: what is the safe path these days? Is it in dentistry? Is it in medicine? I can't decide for the life of me right now whether I want to get into dental or medical because to honest I don't want to get screwed getting into a profession which is going to leave me in a position where I won't be financially stable. Oh and just for the record, I am interested in both.

Here is my take on it and someone please correct me if I am wrong. Would an MD degree be one of the most valuable degrees to obtain? Would you be able to go almost anywhere in the world and be successful because employers know that you got your MD degree from a country with an excellent educational system? Does this also apply to dentistry?

Thanks for the responses.
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Yeah, this bothers me also. People say, "Do what you love."

Well, I don't love a job that isn't secure. I don't love debt I can't pay back.
 
jman128 said:
Yeah, this bothers me also. People say, "Do what you love."

Well, I don't love a job that isn't secure. I don't love debt I can't pay back.
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There are people in ALL health professions that can't pay off their debt for many reasons. Go into any other health profession and you'll run across the same problem. Same goes for lawyers, accountants, business men/women, etc...
 
I agree with you lmaozedoug1. I think Lunasly asks an interesting question. But it can be even broader. What professions today are safe and have a healthy future? I'm starting to believe none.

If you go get an education to go into a traditional profession you get screwed by student loans, entitlement issues, and those who want to strip you of your exclusivity in the market by chopping up your dicipline.

If you dont you end up working some crappy job that doesnt pay well and you're under the thumb of a boss; you have no autonomy.

PS: There is nothing wrong with doing what you love. Have you ever worked full time for any length of time? If you have not than you're talking out of your ass.

lmaozedong1 said:
There are people in ALL health professions that can't pay off their debt for many reasons. Go into any other health profession and you'll run across the same problem. Same goes for lawyers, accountants, business men/women, etc...
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jman128 said:
Yeah, this bothers me also. People say, "Do what you love."

Well, I don't love a job that isn't secure. I don't love debt I can't pay back.
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Yeah, it bothers me too when someone says this phrase. I love playing classical guitar but I decided to major in Biological Sciences instead of majoring in Music. I would be a hungry musician if I decided to “do what I love.” I hope my kids won’t say this phrase to me. I hope they pick dentistry and take over my practice.

I picked dentistry because my GPA and MCAT score weren’t high enough for med school. Now looking at how hard my MD friends (and my 3 cousins and my brother-in-law) have to work and how little they get paid, I am glad that I wasn’t as smart as them.
 
charlestweed said:
Yeah, it bothers me too when someone says this phrase. I love playing classical guitar but I decided to major in Biological Sciences instead of majoring in Music. I would be a hungry musician if I decided to “do what I love.” I hope my kids won’t say this phrase to me. I hope they pick dentistry and take over my practice.

I picked dentistry because my GPA and MCAT score weren’t high enough for med school. Now looking at how hard my MD friends (and my 3 cousins and my brother-in-law) have to work and how little they get paid, I am glad that I wasn’t as smart as them.
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Wow, I can tell you that this is not the case any more. Many of my peers and upcoming students are choosing dentistry for the same reasons that you feel blessed to be a dentist now. Medicine is overrun with bureaucracy, and I have friends in medicine that I don't understand how they can deal with it.

As far as being a safe bet, look at it from this perspective. What makes a profession a safe bet?

1. Limited competition- in many areas (not saturated cities and suburbs) there is a need for dentists, plus, there is a limit at the number of new graduates that will come out every year. Yes, the numbers are increasing, but it still takes lots of money and lots of time to build new dental schools. At least for the near future there shouldn't be a HUGE increase in competition. Let's hope that it doesn't turn into law, where there are 200 schools instead of 61.

2. Demand for your field-People will ALWAYS have teeth and some people will ALWAYS neglect to take care of them= pain. Some people say that dentistry is on the decline because of the economy and they can't pump out crowns like they used to. However scrupulous that may have been, you can still do the basics. There will always be a need for fillings, extractions, endo and the like.

3. Ability to pay back the time and cost for education costs- this is where it gets tricky, but if you stay money savvy and choose the cheapest school to go to, you can do fine in this. Of course, as has wisely been pointed out by Dr. Tweed, there are other factors that come into play that are out of your control. But find a location that works for you as well as your business and I'm sure you can do fine.
 
This video is scaring me. Do I really need to take business classes in college right now?
 
charlestweed said:
Yeah, it bothers me too when someone says this phrase. I love playing classical guitar but I decided to major in Biological Sciences instead of majoring in Music. I would be a hungry musician if I decided to “do what I love.” I hope my kids won’t say this phrase to me. I hope they pick dentistry and take over my practice.

I picked dentistry because my GPA and MCAT score weren’t high enough for med school. Now looking at how hard my MD friends (and my 3 cousins and my brother-in-law) have to work and how little they get paid, I am glad that I wasn’t as smart as them.
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Well majoring in biology is only good as long as you go into health field other than that there is nothing that differentiates it from a music major.

People always say do what you love. And doing that and some more from my experience after 6 months it just becomes a JOB. that I do b/c i am motivated by $.

after watching the the 2 segments that the op has pointed out. The lady never ever worked in McDonalds. And do not know how to use her skills properly. I myself have met dentists who are in mid 50's but never owned a practice. one guy just decided to get one. he works in 2 places, one is his own office and other is in some other persons office until he builds his own patient base. But thats only one example. But on the other side i have seen 10+ dentists around me opening a practice at the age of 30 just 2 years upon graduating and now they are earning 300+. some even breaking the 500+ mark. Dentistry is still rewarding.

In the video the lady said (pardon my lack of knowledge) she cant accept medicaid and medicare & other such types b/c there i no money in it. Couple of my own family members work in such an exact field. matter a fact one of my colleagues sister does the same thing. and they are breaking well over 200+ each.

my colleagues sister also stated that not only she would get the patients with medicaid and medicare but once they realize that she did a great job, the patient brings in their grand kids, family members and pay CASH FOR THEM.

Let me make this last comment: You only saw one person state that they were unsuccessful. You dont see any other dentists throw in white flags. There will be always one bitter person in everything who hates what they are and takes upon the responsibility on why others should hate it to. Also she might be a Sh**y dentist who have no business skill or she is probably not good with her hands or may be she was expecting too much ie. working only 2 days a week. there can be so many factors.

Pre-dental students should not solely base their decision on some amateur documentary. DO you own research such as is everyone saying the same thing, etc... & just remember to take everything on internet as a grain of salt.
 
yappy said:
I agree with you lmaozedoug1. I think Lunasly asks an interesting question. But it can be even broader. What professions today are safe and have a healthy future? I'm starting to believe none.
.
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presently there is no safe profession. you see bc wallstreet has started a new trend of student loan back securities this will continue until it collapses. if you look around you will see a ton of for profit school just handing out degrees to does willing to pay for it which means student loans. look at phoenix college law, look at at still and midwestern etc the list is growing. basically they are diluting the profession bynhanding out degrees and milking the system under the banner of private for profit, not many people realizing that it is being funded by the government in the back ground, which means you the tax payer. presently you can now purchased a medical license, dental license etc, just got to one of these school borrow heavily and you will in the end get your degree. this is the next crisis... too big to fail?
 
I watched that video too. Her numbers don't add up. It seems to me like she is just not cut out for the profession.

My mom graduated in 1987 and she told me she made 60K back then in her first year as an associate in TORONTO!!! (highly saturated). She now limits her practice to crowns, fillings, simple endo, and simple extractions and she clears about 250-300k Net/year. I work at her office so I see all the numbers of her partners as well. She has 4 Partners and 2 of them have been practicing only for about 10 years and they net easily about 350-400k/year. Their practice is in a highly saturated area and they still do very well. In fact both of the younger partners went to dental school at Columbia and had a nicely sized debt when they were done.

I think if you just play your cards right then this profession will do you wonders.
 
somedayDDS said:
I watched that video too. Her numbers don't add up. It seems to me like she is just not cut out for the profession.

My mom graduated in 1987 and she told me she made 60K back then in her first year as an associate in TORONTO!!! (highly saturated). She now limits her practice to crowns, fillings, simple endo, and simple extractions and she clears about 250-300k Net/year. I work at her office so I see all the numbers of her partners as well. She has 4 Partners and 2 of them have been practicing only for about 10 years and they net easily about 350-400k/year. Their practice is in a highly saturated area and they still do very well. In fact both of the younger partners went to dental school at Columbia and had a nicely sized debt when they were done.

I think if you just play your cards right then this profession will do you wonders.
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Dumb question but ... Does 'net' mean before or after taxes?
Also how do your mom's associates earn more than the owner dentist?
 
7 Iron said:
Dumb question but ... Does 'net' mean before or after taxes?
Also how do your mom's associates earn more than the owner dentist?
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Net means after taxes. I don't think the people in his moms practice are associates but I think they are her partners in that they own a part of the practice. I may be wrong, but I wouldn't doubt if those are real numbers because imagine you have 4 dentists in a practice doing procedures with 1 or 2 hygienists for cleanings.
 
7 Iron said:
Dumb question but ... Does 'net' mean before or after taxes?
Also how do your mom's associates earn more than the owner dentist?
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Net is before taxes. And they aren't associates they are partners. It is a rather large office with 5 partners and one associate. The associate makes about 110k net/year and hes been practicing for about 2.5 years.

I also forgot to mention that they all work about 3.5-4 days a week 🙂.
 
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I was just checking out the benefits of working at McDonalds. I bet this person hasn't actually worked at McDonalds. From the McDonalds website "You don’t have to achieve upper-level management status to reap the rewards. When you’re a part of our restaurant crew, you’ll enjoy a competitive wage, a schedule that fits your needs, a team that’s there to support you in every way, and a workplace that’s close to wherever you need to be." But then again the benefits are "designed to attract, energize, reward and retain top talent" so she might not have gotten an interview. The job market is pretty tough right now.
 
browncrack said:
I was just checking out the benefits of working at McDonalds. I bet this person hasn't actually worked at McDonalds. From the McDonalds website "You don’t have to achieve upper-level management status to reap the rewards. When you’re a part of our restaurant crew, you’ll enjoy a competitive wage, a schedule that fits your needs, a team that’s there to support you in every way, and a workplace that’s close to wherever you need to be." But then again the benefits are "designed to attract, energize, reward and retain top talent" so she might not have gotten an interview. The job market is pretty tough right now.
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LOL, corporate propaganda at its best...
 
browncrack said:
I was just checking out the benefits of working at McDonalds. I bet this person hasn't actually worked at McDonalds. From the McDonalds website "You don’t have to achieve upper-level management status to reap the rewards. When you’re a part of our restaurant crew, you’ll enjoy a competitive wage, a schedule that fits your needs, a team that’s there to support you in every way, and a workplace that’s close to wherever you need to be." But then again the benefits are "designed to attract, energize, reward and retain top talent" so she might not have gotten an interview. The job market is pretty tough right now.
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Is there some sort of standardized testing to separate top talent for mediocre talent?
 
somedayDDS said:
Net is before taxes. And they aren't associates they are partners. It is a rather large office with 5 partners and one associate. The associate makes about 110k net/year and hes been practicing for about 2.5 years.

I also forgot to mention that they all work about 3.5-4 days a week 🙂.
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Net = income after taxes.
Gross = income before taxes.
 
lotexigeus said:
Net = income after taxes.
Gross = income before taxes.
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Gross = amount your practice collects
Net = amount you take home (pre-tax) from your practice after paying for overhead

In dentistry, at least.
 
I watched the video and honestly, making money is not easy but with dentistry you do have a labor intensive skill that is hard to replicate unlike our medical counter parts. Also, Congress just killed the bill that would fun Dental Therapy programs so mid-level competition is out of the game. Last point, did anyone notice the creepy background music in the video? Made me laugh a little bit, I'm sure it is propaganda because it has a single theme though out the whole video which is "Get government out and let free market rule" (Scary Jason Music in the background). O Well. It was entertaining if nothing else.
 
KristopherTruth said:
I watched the video and honestly, making money is not easy but with dentistry you do have a labor intensive skill that is hard to replicate unlike our medical counter parts. Also, Congress just killed the bill that would fun Dental Therapy programs so mid-level competition is out of the game. Last point, did anyone notice the creepy background music in the video? Made me laugh a little bit, I'm sure it is propaganda because it has a single theme though out the whole video which is "Get government out and let free market rule" (Scary Jason Music in the background). O Well. It was entertaining if nothing else.
Click to expand...

when did this happen? Can you provide article plz?
 
I had read it was defeated in WA last year... that is the only situation I know of the mid level inititive by the ADHA being defeated.

dentalWorks said:
when did this happen? Can you provide article plz?
Click to expand...
 
Yes, this was bound to happen since new dental schools have been opened. It was either produce more dentist or produce "something like a dentist". This will be an ongoing struggle for the next couple decades because people simply don't know that they don't know. Well one up for us Dentist, that would be unfair competition and changing the game for the worse for the little guys and yes, we are the little guys.

Doc Smile said:
+1 for the good guys I guess!
Click to expand...
 
KristopherTruth said:
Yes, this was bound to happen since new dental schools have been opened. It was either produce more dentist or produce "something like a dentist". This will be an ongoing struggle for the next couple decades because people simply don't know that they don't know. Well one up for us Dentist, that would be unfair competition and changing the game for the worse for the little guys and yes, we are the little guys.
Click to expand...

Well it doesn't matter how many dental schools open up. You can open 100 new schools in 2 years and majority of those graduates will only work in big/major cities (even tho the competition for spots will increase, they'll accept lower paying jobs just to stay in major metropolitan areas). The undeserved problem (one that was targeted by mid-levels) will continue to grow.
 
OG1 said:
Gross = amount your practice collects
Net = amount you take home (pre-tax) from your practice after paying for overhead

In dentistry, at least.
Click to expand...

I see.
 
I just went to mcdonalds and they are hiring, not to late to make the switch!
 
mr24 said:
I just went to mcdonalds and they are hiring, not to late to make the switch!
Click to expand...

Not as easy as some may suggest...In my Junior year of undergraduate, I applied to my local Mcdonalds and was lucky enough to land an interview. However, that was the farthest I made...I was never called back 😕 ...Sad ...but true hahahaha...I guess getting into dentistry is easier than getting into Mcdonalds. Who woulda guessed???
 
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