cry me a river

perhaps I am misinterpreting the tone in the OP as a complaint. If not:
Even making $1 income per year sure beats the profession I am leaving in order to pursue dentistry: in fact there is no comparison.
After subtracting the most basic of living expenses, I was taking home exactly less than zero income per year.
If my plan comes to fruition and I am netting 'only' 10k year income after living expenses as a newly licensed dentist: I'm going to be ecstatic.
Perhaps its my age (and I am jaded somewhat I suppose) but its all about perspective in matters of $$$.
Generally, anyone under the age of about 45 is screwed across the board anyways. That giant sucking sound in the economy is the sound of demographics (11,000 boomers PER DAY reaching the age of 60 for the next many years since 2009) sucking the last vestige of life out of general opportunities for personal financial progress anyways. For example, in terms of tuition costs, its this age group, under the auspice of their 'management' of all things government, financial and political, who is responsible for 2 decades of exponentially rising costs with no end in sight. That is, they parasite the young to their own generation's perceived advantage. The host population was sucked dry a long time ago.
Regardless: Great post OP! Thanks for the excellent breakdown, very informative and useful!
👍
I have thought a lot about the place a dentist has in the marketplace. Obviously, its been a big investment to pursue a switch this relatively late in life. I am convinced the nature of the work will see dentists protected for a long time to come. Human nature doesn't change and generally most people (who compose the marketplace) don't think about dental work until they are desperate. The only major threats I see to the viability of dentistry as a socioeconomically viable and independent profession are:
#1 This dental therapist angle. Big government + stupid people who compose the vast majority of mouthbreathing bipeds in the marketplace = a constant desire to cut corners to save $$$ in the short run (quality and longevity of dental services sacrificed). If the ADA et al doesn't carefully craft an extremely wise political course for the profession, and if the forces of the 'idiocracy' are marshalled and combine with those entrenched in big government: this will be the #1 threat. To the detriment of the general public in the long run, of course.
The unfortunate truth is that big gov and the masses are incapable of seeing the larger picture of:
"You are given the options of Fast, Good and Cheap, and told to pick any two. Here Fast refers to the time required to deliver the product, Good is the quality of the final product, and Cheap refers to the total cost of designing and building the product. This triangle reflects the fact that the three properties of a project are interrelated, and it is not possible to optimize all three – one will always suffer. In other words you have three options:
Design something quickly and to a high standard, but then it will not be cheap.
Design something quickly and cheaply, but it will not be of high quality.
Design something with high quality and cheaply, but it will take a long time."
http://en.wikipedia.org/wiki/Project_management_triangle
#2 This whole obamacare debacle. Though it seems like dentists are going to largely remain a secondary target of the whole middle man-insurance/big government bureaucracy cluster****. My father is a practicing physician and he has grown increasingly threatened by the day to day mal-effects of socialized medicine. Essentially, the end result of socialized medicine is lower quality of care to the masses AND commensurately less autonomy and art of practice for physicians as most decisions end up being effectively made by far off committees of disinterested big government strangers to both the specifics of an individual case and their personal concerns. I couldn't bare the madness of watching patients suffer and not receive the best care all because of these blood sucking middle men entrenched in insurance companies, big corporations, and big government. This (inevitable at this point) socialization of medical care is one of the top ten reasons I went the DMD/DDS route and not the MD.
Again, the quote above about project management under the heading of #1 is applicable to #2 as well. The 'idiocracy' will never be capable of understanding that quickly, high quality, and on time is exactly impossible to systematically deliver on a routine basis. In anything, and especially a thing as necessarily customized as personal health care.
...
In the end all that matters is: Being a bankrupt dentist who gets to practice everyday sure beats being bankrupt in just about any other occupation out there. And dentists will always be 'less' broke anyways as the nature of the work ensures they will always have access to at least a minimum amount of cash flow. Even the dentists who is least talented/ skilled in financial management is not going to go hungry.