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- Sep 16, 2004
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I agree that once you get out thats the only time you'll know really exactly how much you're going to make. This process however takes a couple of years because once you get out the main thing you're trying to do is learn your craft - perfecting your skills - learning all the new and current techniques (thats not taught in dental school) and going to continuing ed courses -- then once you get out there talk to cohorts, established dentist,specialists, etc., and compare between being an associate (least pay - slave labor), junior partner (better but still slave to senior partner), your own office (best, but if your starting out -- your poor due to loans so your slave to bankers and such), only when you have your own practice 5 years or more, in good location, get involved in community, and have good reputation, good knowledge of elective (cosmetic) techniques, and treat people well, and of course deliver with excellent treatment results will you reach the critical mass of being a successful dentist and you have potential to make lots of cash - and with investments and good partnering with financial advisors and accountants -- you can make 7 figures and retire in 10 yrs (so thats total 15 if you count building your practice for 5 yrs. or more). yes thats 7 figures, of course, thats before taxes, still thats where your accountants come in --- they will keep you away from being in the 40 percentile tax bracket. If you guys really want to know, those that report a high income in their tax returns are the stupid ones. Nobody should ever report a high income -- the more you report the more uncle sam takes. The smart guys who are doing really well have good accountants so that the their taxable income is much less than what they really make each year. a good accountant knows all the loopholes and can legally and potentially save you tens to hundreds of thousands of dollars. whoever boast a high income and report it as such on their return are just boasting and stupid. thats why people don't want to tell you how much they make!! along the same line I would never drive my bmw to my office cause if patients see this it turns them off.
anyways bottom line is as far as my experience -- general dentist would probably start at around 95 - 140k, specialists from 120 - 180k. and then this amount increases once start getting smart and open your own office in a good location where there is need and not much competition (this is where you may have to decide on sacrificing lifestyle of big or coastal city but make more cash or small boonie town but make tons of cash type of decision -- theres always a happy medium ).
MD wanna be's (oral surgeons) make the most -- then the finger masturbators (endodontist) --- then the wire benders (orthodontists) --- then the "i love kids who scream all the time" dentists - who by the way wish they were orthodontists - who by the way are also called pedodontist but they hate being called this and would rather be called pediatric dentist are next in the salary department, then come the glorified hygienists (periodontist) who don't make enough money so they have to include implants in their job description are next, then the self-induced torture of continuing fixed prostodontics- for another 2-3 yr dentist (prosthodontist) who apparently has to do general dentistry anyways because why would a general dentist refer bread and butter crowns and bridges to them i don't understand --- they are next. but anyways --- not scientific but they all make enough money.
hope that helps for all who want to know. i don't profess that all this is fact but its my personal experience as an orthodontist who have been out for 4 yrs now.
P.S. --- anyone considering orthodontic education company (OEC), don't even go there. YOU ARE SERIOUSLY MAKING A HUGE MISTAKE --- you will be an indentured servant for seven years. for a guy who is a shark and wants to eat all you little innocent ortho hungry neophytes.
later
anyways bottom line is as far as my experience -- general dentist would probably start at around 95 - 140k, specialists from 120 - 180k. and then this amount increases once start getting smart and open your own office in a good location where there is need and not much competition (this is where you may have to decide on sacrificing lifestyle of big or coastal city but make more cash or small boonie town but make tons of cash type of decision -- theres always a happy medium ).
MD wanna be's (oral surgeons) make the most -- then the finger masturbators (endodontist) --- then the wire benders (orthodontists) --- then the "i love kids who scream all the time" dentists - who by the way wish they were orthodontists - who by the way are also called pedodontist but they hate being called this and would rather be called pediatric dentist are next in the salary department, then come the glorified hygienists (periodontist) who don't make enough money so they have to include implants in their job description are next, then the self-induced torture of continuing fixed prostodontics- for another 2-3 yr dentist (prosthodontist) who apparently has to do general dentistry anyways because why would a general dentist refer bread and butter crowns and bridges to them i don't understand --- they are next. but anyways --- not scientific but they all make enough money.
hope that helps for all who want to know. i don't profess that all this is fact but its my personal experience as an orthodontist who have been out for 4 yrs now.
P.S. --- anyone considering orthodontic education company (OEC), don't even go there. YOU ARE SERIOUSLY MAKING A HUGE MISTAKE --- you will be an indentured servant for seven years. for a guy who is a shark and wants to eat all you little innocent ortho hungry neophytes.
later
