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I was thinking of NYU......No more loans for me. For how long is the $3000 per month student loan payment? That's a lot of money!
I was thinking of NYU......No more loans for me. For how long is the $3000 per month student loan payment? That's a lot of money!
I have always wondered how does a practice run with no PPOs at all......how many people actually have the money to shell out for a fee for service only practice?everyone I know has a dental insurance(except for dentists and would be dentists and close relatives of dentists).In my husband's office where we accept all PPOs , there are hardly any patients who dunt have any dental insurance.Usually it is an emergency or somone who recently moved in town or changed jobs that they wudnt have a dental insurance.
Lesley,
23 years is a long time! I started by practice from scratch 6 years ago and plan to retire in 4 years. I am assuming that if you were to stop working tomorrow, you'd have more than enough money and interests collected from your savings to live the rest of your life very comfortably. What keeps you going for so long? I have never understood dentists who works past their 50, 60, or 70's.
Many dentists practice for a long time because they enjoy doing it. Are you thinking about retiring in your home country?Lesley,
23 years is a long time! I started by practice from scratch 6 years ago and plan to retire in 4 years. I am assuming that if you were to stop working tomorrow, you'd have more than enough money and interests collected from your savings to live the rest of your life very comfortably. What keeps you going for so long? I have never understood dentists who works past their 50, 60, or 70's.
Lesley,
23 years is a long time! I started by practice from scratch 6 years ago and plan to retire in 4 years. I am assuming that if you were to stop working tomorrow, you'd have more than enough money and interests collected from your savings to live the rest of your life very comfortably. What keeps you going for so long? I have never understood dentists who works past their 50, 60, or 70's.
Lesley,
23 years is a long time! I started by practice from scratch 6 years ago and plan to retire in 4 years. I am assuming that if you were to stop working tomorrow, you'd have more than enough money and interests collected from your savings to live the rest of your life very comfortably. What keeps you going for so long? I have never understood dentists who works past their 50, 60, or 70's.
Lesley,
23 years is a long time! I started by practice from scratch 6 years ago and plan to retire in 4 years. I am assuming that if you were to stop working tomorrow, you'd have more than enough money and interests collected from your savings to live the rest of your life very comfortably. What keeps you going for so long? I have never understood dentists who works past their 50, 60, or 70's.
Many dentists practice for a long time because they enjoy doing it. Are you thinking about retiring in your home country?😀
haha...he's thinking about retiring in four yrs and chillin' out on Nha Trang Beach with a bunch of hot mamas. I think "toothache" is getting ahead of himself....
Yeah, but the loans are cheap, so there's not much incentive to pay them off. Some people (like me) would rather stretch it out over as long a time as possible, to free up as much money as possible for more profitable ventures.Hey,
I dont understand something I should....why does it take such a long time to pay dental loans...OK, so d-school costs 200 000, and over 4 years it goes upto 250 000, but if you work for 5-6 and get paid 80000/yr it can easily be paid off right ?
I had the same thought as you aphistis. Unfortunately, my supposedly profitable venture in stocks and real estates have tanked pretty badly. It's tough paying off your school loan and more tempting to shift those money laying around into hot ventures thinking you can make more money. I should have paid off my loans early and kept all my money, but instead lost enough to set me back at least a year. Just pay off your loans FIRST and don't invest money you can't afford to loose.
Oh, sure. Particularly with high-interest debt, I would never argue with someone who said they wanted to pay off their liabilities first. Using myself as an example, though, my student loans are locked in at about 3.5%, so after inflation I'm only accumulating a percentage point or two of real interest per year. Even ignoring inflation, you'd earn more than 3.5% just putting the money into CDs.I agree. Paying loans off is a guaranteed investment. Not to be morbid, but because interest rates were the way they were, we felt sort of forced to approach our debt the way we did. It ended up that our circumstance which seemed so hapless was, in the end, fortuitous. We lost money too when the stock market went down in 2000-2001, most everybody did, but it would have been much worse had we funneled more money into investments instead our debts. I can't say we could afford to loose the money we lost, it will have to be gained back by working longer and/or smarter, but we're much better off than if we had invested more. Good Luck everyone!🙂
Oh, sure. Particularly with high-interest debt, I would never argue with someone who said they wanted to pay off their liabilities first. Using myself as an example, though, my student loans are locked in at about 3.5%, so after inflation I'm only accumulating a percentage point or two of real interest per year. Even ignoring inflation, you'd earn more than 3.5% just putting the money into CDs.
I can certainly respect the perspective of folks who would rather pay off the obligation and be done with it. I do believe, though, that in certain cases (such as mine) you can earn more with the money without being reckless or abandoning discipline.
Assistants are asian, rugs are oriental.or my oriental assistant converses in Portuguese with them.
Assistants are asian, rugs are oriental.
Hey,
I dont understand something I should....why does it take such a long time to pay dental loans...OK, so d-school costs 200 000, and over 4 years it goes upto 250 000, but if you work for 5-6 and get paid 80000/yr it can easily be paid off right ?
Using myself as an example, though, my student loans are locked in at about 3.5%, so after inflation I'm only accumulating a percentage point or two of real interest per year. Even ignoring inflation, you'd earn more than 3.5% just putting the money into CDs.
I can certainly respect the perspective of folks who would rather pay off the obligation and be done with it. I do believe, though, that in certain cases (such as mine) you can earn more with the money without being reckless or abandoning discipline.
Actually, 'oriental' just means eastern. It really is not a racial slur, per se.
Somehow along the way, eastern people have decided that it was an offensive adjective. There is an interesting Usage Note at dictionary.com that sort of explains this:
Oriental.
In Nha Trang, do they have authentic good taco al pastor, body sushi, brazilian churrascaria, cuban sandwich, argentinian beef, mongolian hotpot, korean bbq, Louisiana spicy crawfish, southern fried chicken, new england clam chowder, InNOut burger, Round Table pizza? No?! I guess I'll stay here then. For a much more spectacular beach I'll just hit the Cayman or Cancun. For tropical fruits, all the best stuff is exported to Canada so I'll just go there.
In Nha Trang, do they have authentic good taco al pastor, body sushi, brazilian churrascaria, cuban sandwich, argentinian beef, mongolian hotpot, korean bbq, Louisiana spicy crawfish, southern fried chicken, new england clam chowder, InNOut burger, Round Table pizza? No?! I guess I'll stay here then. For a much more spectacular beach I'll just hit the Cayman or Cancun. For tropical fruits, all the best stuff is exported to Canada so I'll just go there.
😱In Nha Trang, do they have authentic good taco al pastor, body sushi, brazilian churrascaria, cuban sandwich, argentinian beef, mongolian hotpot, korean bbq, Louisiana spicy crawfish, southern fried chicken, new england clam chowder, InNOut burger, Round Table pizza? No?! I guess I'll stay here then. For a much more spectacular beach I'll just hit the Cayman or Cancun. For tropical fruits, all the best stuff is exported to Canada so I'll just go there.
No. but can we call find out your so called 10 year retirement plan you claim and exact figures.
I know a guy on a 15 year retirement plan, who associates 70 hours a week 😱
My class graduates next month. Of my fellow classmates that are entering associateships the lowest starting salary I know of is $110k/year. That's 4 days a week, but I don't know how many hours a day or what vacation time he gets, etc.
Others have signed contracts for $120-140k/year.
How can you really know how much money it takes. I am content fishing off the beach and drinking beer.
Me too, but I like to Bass fish from a boat and drink beer after. But your point is perfect. What alot of dentists don't realize is that it's not a competition to see who makes more money. It should be about what lifestyle you want to live. As a dentist you can pretty much live whatever lifestyle you want. But the tricky part is that you have to practice in the area that allows you to make the income required to live that lifestyle. Far to many dentists out of school think that you have to see lots of patients and work lots of hours to make alot of $. This is only true until you own your own practice.
Is the contract in AZ? I heard AZ, NV, and NM are in need of dentist so thats where the moneys at. I have a friend who just graduated from Boston and started his own practice in Las Vegas; now making around 1 million a year b/c he has 12 chairs.