DON'T do dentistry for the $

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Universitygeek

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This post is to save those out there who are only interested in dentistry for the $. Feel free to ignore this if you're not doing it for the $. I understand if you don't want to be an accountant/CPA, but this post is talking strictly in financial terms. I'm so glad that I realized this sooner rather than later. You won't be rich until you're old. If you want financial independence, this is NOT the career for you. The opportunity cost/time value of $ is simply too great.

But how can that be?

Well, if we want a truly accurate comparison, the CPA has to live like a dental student while he/she's in school. So after age 25, they can increase their expenses for luxuries, but both the CPA and dentist live on the same income age 26 and up. We'll assume interest on debt is 4% after inflation and so are investments (real estate, index funds, etc). I'll be doing a simple analysis by age and some of the numbers I use are ballpark and for easier calculations on my part.

CPA/Accountant
22: Graduate (Make 50k - 10k(20% taxes) - 20k(living expenses) = 20k (investments/4%))
23: 20k (investments/4%) -->40.8k
24: 20k (investments/4%) -->62.4k
25: 20k (investments/4%) -->84.9k
26: 20k (Salary bump to 62k - 12k(20% taxes) - 30k(living expenses)) = 20k(investments/4%))
27: 20k (investments/4%) -->108.3k
28: 20k (investments/4%) -->132.7k
29: 20k (investments/4%) -->184.3k
30: Salary bump (75k - 19k(25% taxes) - 30k(living expenses))-->26k(investment/4%)-->217.7k
31: 26k (investments/4%) -->252.4k
32: 26k (investments/4%) -->288.5k
33: 26k (investments/4%) -->326.0k
34: 26k (investments/4%) -->365.1k
35: 26k (investments/4%) -->405.7k
36: 26k (investments/4%) -->447.9k
37: 26k (investments/4%) -->491.8k
38: 26k (investments/4%) -->537.5k

Dentist
Starting with -400k
26: Graduate (Make 120k - 24k(25% taxes) - 30k(living expenses) - 16k(debt interest)) --> -350k
27: --> -298k (this isn't 300k because debt interest is on less $ (14k instead of 16k))
28: --> -244k (12k debt interest)
29: --> -188k (10k debt interest)
30: Salary bump (150k - 45k(30% taxes) - 30k(living expenses)) --> 75k - 188k (8k) --> -111k
31: --> -41k (5k debt interest)
32: 75k (investment/4%) --> 34k
33: 75k (investment/4%) --> 110.3k
34: 75k (investment/4%) --> 189.8k
35: 75k (investment/4%) --> 272.4k
36: 75k (investment/4%) --> 358.3k
37: 72k (investment/4%) --> 447.6k
38: 72k (investment/4%) --> 540.5k

So it takes the dentist until practically age 40 to catch up to the CPA. However, that's assuming 400k of debt. If you're talking about half a million or above, it'll take you till your mid 40s to catch up. This also doesn't account for working overtime from ages 22-26 as a CPA since dentists study way more than 40 hrs per week. Factor that in and it'll take till almost age 50 for dentists to catch up. Are you sure you want to do this for the $. Also, if you think half a million by age 40 is great, keep in mind that this dentist is living on 35k a year and I have yet to see a dentist who actually does this.
 
I think your title is a little bit misleading.

It should read “don’t pursue dentistry to get rich quick”.

Dentistry is THE ONLY way I can see myself making money. The only way I can see myself getting up every morning and actually looking forward to work. So for me, I technically am looking to go into dentistry to make money, albeit not to get rich.
 
I think another piece of this conversation is that you (future dentists) should NOT assume that you will be able to get the same rates of reimbursement from insurance that current dentists receive. In reality, they will be A LOT lower.

I work in a dental office in California and my dentist is a member of the Delta Premier program which is a top-tier insurance program with the highest level of reimbursement. For example, the insurance allows a contracted fee of $1000 for a crown under this program (note: this varies for each provider). This is not a high rate of reimbursement but it is competitive. About 70% of our patients have Delta Dental for insurance, so this is the majority of our collections.

The Delta Premier program is already being phased out for the Delta PPO. Dentists who are currently in the Premier program are "grandfathered" in but any new dentists signing up to be in-network for Delta are required to be PPO providers. Under the Delta PPO plan, the exact same crown procedure will only have a fee of $500 for a crown.

You might be thinking, I will just charge the patient more and they will have a bigger co-pay BUT here's the kicker. If you want to be an in-network provider with Delta Dental then you cannot charge a patient any more than your contracted fee, so you are stuck with the $500 fee. The only alternative is to be "out of network" for Delta which means you will usually get an even lower reimbursement rate from the insurance for the crown (maybe $200-300) and the patient will have to pay even MORE out of pocket. Unless you have a long-standing relationship with the patient, they would likely elect to see a different provider who is in-network.

With these new PPO fees, a practice that is currently doing $1 M/year collections would now be a $500 K practice for the EXACT same work. If you do plan to buy a private practice after you become a dentist, make sure you do your due diligence and make sure that the value of the practice is not based on a fee schedule which you don't qualify for (i.e. Delta Premier).

TLDR: As more and more employers and insurance companies push PPO and HMO dental plans, dentists stand to make a lot less money. For this reason, some dentists say the "golden age" of dentistry is over.
 
The lifestyle of CPA is ain't so fun either. You're going to be working 60-80 hours a week in public accounting. If you ask whether they enjoy their jobs, most people will say they hate it.

Accounting jobs in industry aren't so bad though. You have to be okay with not being the revenue generator though (won't be the people who engineer the products or provide the service to the clients). Basically not making a tangible difference in the world. Just sitting on the sidelines, recording what other people do. The lifestyle ain't so bad though. 40 hour work weeks and decent salary.
 
Universitygeek said:
This post is to save those out there who are only interested in dentistry for the $. Feel free to ignore this if you're not doing it for the $. I understand if you don't want to be an accountant/CPA, but this post is talking strictly in financial terms. I'm so glad that I realized this sooner rather than later. You won't be rich until you're old. If you want financial independence, this is NOT the career for you. The opportunity cost/time value of $ is simply too great.

But how can that be?

Well, if we want a truly accurate comparison, the CPA has to live like a dental student while he/she's in school. So after age 25, they can increase their expenses for luxuries, but both the CPA and dentist live on the same income age 26 and up. We'll assume interest on debt is 4% after inflation and so are investments (real estate, index funds, etc). I'll be doing a simple analysis by age and some of the numbers I use are ballpark and for easier calculations on my part.

CPA/Accountant
22: Graduate (Make 50k - 10k(20% taxes) - 20k(living expenses) = 20k (investments/4%))
23: 20k (investments/4%) -->40.8k
24: 20k (investments/4%) -->62.4k
25: 20k (investments/4%) -->84.9k
26: 20k (Salary bump to 62k - 12k(20% taxes) - 30k(living expenses)) = 20k(investments/4%))
27: 20k (investments/4%) -->108.3k
28: 20k (investments/4%) -->132.7k
29: 20k (investments/4%) -->184.3k
30: Salary bump (75k - 19k(25% taxes) - 30k(living expenses))-->26k(investment/4%)-->217.7k
31: 26k (investments/4%) -->252.4k
32: 26k (investments/4%) -->288.5k
33: 26k (investments/4%) -->326.0k
34: 26k (investments/4%) -->365.1k
35: 26k (investments/4%) -->405.7k
36: 26k (investments/4%) -->447.9k
37: 26k (investments/4%) -->491.8k
38: 26k (investments/4%) -->537.5k

Dentist
Starting with -400k
26: Graduate (Make 120k - 24k(25% taxes) - 30k(living expenses) - 16k(debt interest)) --> -350k
27: --> -298k (this isn't 300k because debt interest is on less $ (14k instead of 16k))
28: --> -244k (12k debt interest)
29: --> -188k (10k debt interest)
30: Salary bump (150k - 45k(30% taxes) - 30k(living expenses)) --> 75k - 188k (8k) --> -111k
31: --> -41k (5k debt interest)
32: 75k (investment/4%) --> 34k
33: 75k (investment/4%) --> 110.3k
34: 75k (investment/4%) --> 189.8k
35: 75k (investment/4%) --> 272.4k
36: 75k (investment/4%) --> 358.3k
37: 72k (investment/4%) --> 447.6k
38: 72k (investment/4%) --> 540.5k

So it takes the dentist until practically age 40 to catch up to the CPA. However, that's assuming 400k of debt. If you're talking about half a million or above, it'll take you till your mid 40s to catch up. This also doesn't account for working overtime from ages 22-26 as a CPA since dentists study way more than 40 hrs per week. Factor that in and it'll take till almost age 50 for dentists to catch up. Are you sure you want to do this for the $. Also, if you think half a million by age 40 is great, keep in mind that this dentist is living on 35k a year and I have yet to see a dentist who actually does this.
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Wow this was very insightful. I'm glad I am doing it because I want to better peoples lives and fix their smiles to give them more confidence. Thanks for this information.
 
AZTennisPlayer24 said:
Wow this was very insightful. I'm glad I am doing it because I want to better peoples lives and fix their smiles to give them more confidence. Thanks for this information.
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Question....What IF you graduated from college with no debt (tennis scholarship) AND you get your hands on the army scholarship to pay for dental school....thus having no debt. what happens then?
 
AZTennisPlayer24 said:
Question....What IF you graduated from college with no debt (tennis scholarship) AND you get your hands on the army scholarship to pay for dental school....thus having no debt. what happens then?
Click to expand...

Am I seeing things or did you post 3 times and then quote yourself on one of them? :eyebrow:
 
AZTennisPlayer24 said:
Question....What IF you graduated from college with no debt (tennis scholarship) AND you get your hands on the army scholarship to pay for dental school....thus having no debt. what happens then?
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Well ... based on this thread ... it's obvious. You'll do better than the accountant. 😀
 
8_man said:
by choice or by "ooooh ochem nah"?
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Definitely by choice. Most people are disgusted by the thought of being a dentist, not to mention those who cringe at having to work with their hands at repetitive tasks. Accounting is a good, clean profession with potentially good pay and job security. You're in the minority in your "yes dentist, no accountant" mentality.
Just sayin...
 
My girlfriends sister is a senior accountant at a big 4, she complains about staring at claims and spreadsheets 24 hours a day. Also they chop the lowest 10-15% every year. So there goes that job security.
 
Likkriue said:
My girlfriends sister is a senior accountant at a big 4, she complains about staring at claims and spreadsheets 24 hours a day. Also they chop the lowest 10-15% every year. So there goes that job security.
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As in every profession, some people have job security and some people don't.
 
Likkriue said:
My girlfriends sister is a senior accountant at a big 4, she complains about staring at claims and spreadsheets 24 hours a day. Also they chop the lowest 10-15% every year. So there goes that job security.
Click to expand...

So true!!! Not to mention it's a career for true introverts. You spend almost no time with coworkers other than meetings and occasional lunch outings. Otherwise you're in your cubical/office 7-9 hours a day.

Almost the exact opposite of 98% of healthcare jobs.
 
Just saying repetitive tasks happen there too. It's 8-5 every day whilst doing as much ass kissing as possible.
 
My roommates brother is an accountant who works in chi town. He hates his job lmao and is going back to get his MBA to do more than accounting.
 
Be a specialized accountant. My acct specializes with people in the medical and dental fields only. His company started out with himself and one other senior acct and a receptionist. Now they take up two office suits and have 3-4 more junior accts and 3-4 more supporting staff.

Over time .... my practice revenues have leveled out while his accounting business continues to grow.

Personally ... would I want to be an acct. No.
 
aj30 said:
Definitely by choice. Most people are disgusted by the thought of being a dentist, not to mention those who cringe at having to work with their hands at repetitive tasks. Accounting is a good, clean profession with potentially good pay and job security. You're in the minority in your "yes dentist, no accountant" mentality.
Just sayin...
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Dentistry is the #1 career in the US for many reasons (not just for looking in mouths). The average accountant just doesn’t have what it takes to become a dentist and settles for a mediocre and dull career in hopes of “job security” for their dime a dozen accounting degree.
 
Yeah, in their 30s, when most people have 2 kids, a wife who stays home to take care of them for at least two years, aint nobody living on 30k a year. Then, we talk about daycare? oooooh thats expensive.
If were talking about taking care of a family of 4 with 2 kids in daycare, thats a monthly cost of living of 5k in an urban city (min). For the dude who makes 56k a year post taxes, he's not saving 26k a year LMFAO. He's barely getting by.

The table should look like :
For CPA somehow graduated with no college debt and saved 217k by 30 (yeah, sure):

31: Kid number 1 born and cant save sht cuz wife cant work -->217k and - 25k car for the wife to take the kid to see the doc, while youre still walking to work = 192k
32: No money saved because youre a sole earner with a wife and a kid -->199k
33: Wife can work but is preggers again with baby #2 -->192k
34: A fam of 4 now lives on your 56k a year post taxes -->200k and -25k for another car because you need to pick up baby 1 from daycare = 175k
Oh look, the dentist passed your savings.

If they both cases live on 55k a year with families, the dentist will save 50k a year and the CPA will save a big fat ZERO.

Unless OP was serious that he expects to live on 2.5k a month (rent, utilities, phone/gadgets, food, entertainment, diapers, day care, gas, insurance, health care, Rx drugs, baby food, furniture-cribs...etc, baby clothes which they grow out of fast, travel, car, unexpected....etc). Then we all dumb for listening to his horse****.
 
This is ridiculous. 150k by the age of 30? If you are making that little you are either a terrible practice owner or an intimidated associate breaking his back for pitiful wages. You cannot make posts like these by assuming what one will make for x amount of years, followed by a bump in income
 
surfline said:
Who the **** wants to be an accountant for the rest of their lives?
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The beauty of it is that I wouldn't be an accountant for the rest of my life. I could probably clock out by my mid 30s. There's this thing called early financial independence and is pretty easy to achieve if you live within your means. Rather than trading in decades of my life for $ and material possessions, I could be actually enjoying my limited time on this planet with hobbies, traveling, and spending time with friends/family. The only reason someone works till 65 is because they tell themselves that they have to work till 65. Then again, if you want to go down the white picket fence house in the suburbs with a wife and 2 kids route, you probably will have to work into your 50s.
 
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OoPredentoO said:
Dentistry is the #1 career in the US for many reasons (not just for looking in mouths). The average accountant just doesn’t have what it takes to become a dentist and settles for a mediocre and dull career in hopes of “job security” for their dime a dozen accounting degree.
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I understand the issue of job security which is why people should be saving up "**** you" money and constantly sending their resumes around for better job opportunities. When you don't need the $, you can hold out for better job offers and actually make more $ over the long-term. Even better yet, they should start getting their own private clients while they work for someone which might enable them to eventually own their own practice. Job security isn't a big issue if you follow these steps.
 
amariesa said:
Yeah, in their 30s, when most people have 2 kids, a wife who stays home to take care of them for at least two years, aint nobody living on 30k a year. Then, we talk about daycare? oooooh thats expensive.
If were talking about taking care of a family of 4 with 2 kids in daycare, thats a monthly cost of living of 5k in an urban city (min). For the dude who makes 56k a year post taxes, he's not saving 26k a year LMFAO. He's barely getting by.

The table should look like :
For CPA somehow graduated with no college debt and saved 217k by 30 (yeah, sure):

31: Kid number 1 born and cant save sht cuz wife cant work -->217k and - 25k car for the wife to take the kid to see the doc, while youre still walking to work = 192k
32: No money saved because youre a sole earner with a wife and a kid -->199k
33: Wife can work but is preggers again with baby #2 -->192k
34: A fam of 4 now lives on your 56k a year post taxes -->200k and -25k for another car because you need to pick up baby 1 from daycare = 175k
Oh look, the dentist passed your savings.

If they both cases live on 55k a year with families, the dentist will save 50k a year and the CPA will save a big fat ZERO.

Unless OP was serious that he expects to live on 2.5k a month (rent, utilities, phone/gadgets, food, entertainment, diapers, day care, gas, insurance, health care, Rx drugs, baby food, furniture-cribs...etc, baby clothes which they grow out of fast, travel, car, unexpected....etc). Then we all dumb for listening to his horse****.
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Here's the part you missed. I was using conservative numbers. This is one of the better scenarios for the dentist. 4% compounded growth for the CPA should actually by 7-8% minimum when you look at index funds and rental properties. The dentist will probably be half a million in debt or more rather than just 400k looking at how dental school tuitions are growing. The CPA's $ should be compounding way more than what I put down and by your early 30s, you should be able to collect enough passive investments that you aren't left with nothing every month. Of course that means you need to live on little in your 20s, but that's how the math checks out. Lastly, I actually will be graduating with no college debt and intend to follow this formula.
 
Alpha Centauri said:
This is ridiculous. 150k by the age of 30? If you are making that little you are either a terrible practice owner or an intimidated associate breaking his back for pitiful wages. You cannot make posts like these by assuming what one will make for x amount of years, followed by a bump in income
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True and assuming the dentist will ONLY be in $400,000 debt and ONLY miss out on 4% returns (incredibly low) is pretty generous. Frankly, this post is supposed to be a simple model and of course it won't be perfect for everyone, but it's intended to get people thinking about the opportunity cost of becoming a dentist.
 
Universitygeek said:
Here's the part you missed. I was using conservative numbers. This is one of the better scenarios for the dentist. 4% compounded growth for the CPA should actually by 7-8% minimum when you look at index funds and rental properties. The dentist will probably be half a million in debt or more rather than just 400k looking at how dental school tuitions are growing. The CPA's $ should be compounding way more than what I put down and by your early 30s, you should be able to collect enough passive investments that you aren't left with nothing every month. Of course that means you need to live on little in your 20s, but that's how the math checks out. Lastly, I actually will be graduating with no college debt and intend to follow this formula.
Click to expand...

Good for you for graduating college with no debt. This is the norm across America and should be followed as a wide generalization. Again, a family surviving on 56k a year will barely save a thing. Dentist families surviving on 110k a year can save at least 5 times what a CPA fam can save. The truth is as a CPA (since you chose this as an example) you'll barely make even once you have 2 kids in daycare, a mortgage, 2 car payments, and living. If the rate of return is 100000%, 0$ are the end of the day is still 0$. In comparison, the guy living off 110k post taxes? haha. He's taking his family to 2 vacations a year, and still saving. But by all means, make yourself feel better. It really sounds like you did finance/business and wanted to do dental for a while but gave up so you're projecting. If you really wanted to bring real numbers, you should compare how bio undergrads fare vs dentists. Cuz we aren't hs students anymore, a lot of us are almost done our degree in bio, and our roads are limited to bio related fields. You could randomly put engineer up there to compare but what purpose does that serve?
 
Universitygeek said:
There's this thing called early financial independence and is pretty easy to achieve if you live within your means. Rather than trading in decades of my life for $ and material possessions, I could be actually enjoying my limited time on this planet with hobbies, traveling, and spending time with friends/family. The only reason someone works till 65 is because they tell themselves that they have to work till 65. Then again, if you want to go down the white picket fence house in the suburbs with a wife and 2 kids route, you probably will have to work into your 50s.
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100% in agreement with you here. Good on you - it took me a long time to realize this really simple concept.
 
There is a difference between the two jobs.
You can be your own boss by being a dentist ( this is not the case for all dentists of course) and some people prefer that over the possibility of getting laid off because the company decided to outsource accountants from overseas!
 
Universitygeek said:
The beauty of it is that I wouldn't be an accountant for the rest of my life. I could probably clock out by my mid 30s. There's this thing called early financial independence and is pretty easy to achieve if you live within your means. Rather than trading in decades of my life for $ and material possessions, I could be actually enjoying my limited time on this planet with hobbies, traveling, and spending time with friends/family. The only reason someone works till 65 is because they tell themselves that they have to work till 65. Then again, if you want to go down the white picket fence house in the suburbs with a wife and 2 kids route, you probably will have to work into your 50s.
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Sounds good in theory. In reality there is never enough money, that's why even wealthy people keep working even when they already achieved financial security
There's also a fact, that after a couple of decades of living extremely frugally you will loose the ability to spend money on "enjoying life "
 
Don't do dentistry for the money, huh? What about for the lifestyle? Is that acceptable?
 
Being a dentist does not insure financial bliss, high salary and a great lifestyle. You still need to work very hard. Enjoy what you do. Make the right financial decisions early on. Think of a bell curve. Plenty of dentists on the left side who struggle to make ends meet and then you have the dentists on the other side of the curve (many on this forum) who have become very successful in their careers AND home life. Happens in all professions.

Choose dentistry because you want to help people. Do the right thing (Dx and Tx). Treat patients with respect. And you will become successful.
 
amariesa said:
Good for you for graduating college with no debt. This is the norm across America and should be followed as a wide generalization. Again, a family surviving on 56k a year will barely save a thing. Dentist families surviving on 110k a year can save at least 5 times what a CPA fam can save. The truth is as a CPA (since you chose this as an example) you'll barely make even once you have 2 kids in daycare, a mortgage, 2 car payments, and living. If the rate of return is 100000%, 0$ are the end of the day is still 0$. In comparison, the guy living off 110k post taxes? haha. He's taking his family to 2 vacations a year, and still saving. But by all means, make yourself feel better. It really sounds like you did finance/business and wanted to do dental for a while but gave up so you're projecting. If you really wanted to bring real numbers, you should compare how bio undergrads fare vs dentists. Cuz we aren't hs students anymore, a lot of us are almost done our degree in bio, and our roads are limited to bio related fields. You could randomly put engineer up there to compare but what purpose does that serve?
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I'm in the process of giving it up, because of the opportunity cost and how I don't plan on the large house, 2 car payments, and daycare. Dentistry just doesn't fit with my goals and I'm glad I realized this now as a sophemore while I can still back out. I'm not here to convince the bio majors who are about to graduate and aren't planning on dentistry because it's kind of late to save them. I'm here to convince the high schoolers, college freshman, and sophemores that may not realize that the numbers aren't as great as one might suspect.
 
Faefly said:
There is a difference between the two jobs.
You can be your own boss by being a dentist ( this is not the case for all dentists of course) and some people prefer that over the possibility of getting laid off because the company decided to outsource accountants from overseas!
Click to expand...
You can be your own boss as a CPA as well. There's a reason why I chose CPA and dentist for my analysis rather than engineer versus dentist. My father is an engineer who worked for an employer most of his life and it was miserable. That was until he started his own small business not even a decade ago. From talking to him, I've realized that self employment for engineers is incredibly hard and the only reason he can even be self employed is because he's in civil engineering and has decades of experience watching what his employers did. Self employment for an aerospace or chemical engineer is pretty much impossible, but I digress. A lot of CPAs work for themselves and do pretty well. They can make very good salaries opening up shop and hiring lower level bookkeepers/accountants to make them $ similar to a dentist. Where did you get the idea that CPAs only work for other people? Everyone from individuals to small businesses need their taxes done. Of course CPAs can be self employed and it's actually easier to do it than a dentist. A dental practice will cost you half a million dollars. A CPA doesn't need all the advanced equipment to open up shop. A CPA could start his own business for a fraction of a price that the dentist would need.
 
Universitygeek said:
I'm in the process of giving it up, because of the opportunity cost and how I don't plan on the large house, 2 car payments, and daycare. Dentistry just doesn't fit with my goals and I'm glad I realized this now as a sophemore while I can still back out. I'm not here to convince the bio majors who are about to graduate and aren't planning on dentistry because it's kind of late to save them. I'm here to convince the high schoolers, college freshman, and sophemores that may not realize that the numbers aren't as great as one might suspect.
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I'm about to back out as well in favor of law. If I were a successful dentist with time on my hands I'd go to law-school part-time for fun. If I were a successful lawyer, I would not want to go to dental school for the same purpose. Now I'm doubtful if I will be able to match a dentist's income by age 40.
 
oralcare123 said:
Sounds good in theory. In reality there is never enough money, that's why even wealthy people keep working even when they already achieved financial security
There's also a fact, that after a couple of decades of living extremely frugally you will loose the ability to spend money on "enjoying life "
Click to expand...
Wealthy people continue to work because it's work that they enjoy or because they don't know what else to do with their time. Society has conditioned you to be a consumer and I can tell because you talk about living within your means as though it's a theory. Just don't scale up your expenses as your income increases. Where's the theoretical part? You don't need a lot of $ if you spend it on experiences rather than nice cars and you'd be enjoying life a lot more. Warren Buffet lives in a house worth less than my orthodontist. It's not theoretical at all. When you're on your deathbed, you're going to regret not traveling enough or spending more time with your family, not the large house or nice cars you didn't buy.
 
Universitygeek said:
Wealthy people continue to work because it's work that they enjoy or because they don't know what else to do with their time. Society has conditioned you to be a consumer and I can tell because you talk about living within your means as though it's a theory. Just don't scale up your expenses as your income increases. Where's the theoretical part? You don't need a lot of $ if you spend it on experiences rather than nice cars and you'd be enjoying life a lot more. Warren Buffet lives in a house worth less than my orthodontist. It's not theoretical at all. When you're on your deathbed, you're going to regret not traveling enough or spending more time with your family, not the large house or nice cars you didn't buy.
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I have more experience than you, obviously. You created a nice theory, but it wouldn't work
Wealthy people don't know what else to do? You are so funny. Keep thinking this way
So you offer me to keep buying crappy quality clothes from Walmart and drive Toyota Corolla for the rest of my life? Thanks, you made my day
 
Urgh its some 21 year old kid's thoughts on the world of CPA and dentistry, neither of which he lived. Yes dental school is expensive and not worth it in a lot of cases but Ive met more rich dentists than rich accountants in real life.
 
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Just another thought. Why do you think you are going to have non working wife and two children in day care? Do you plan to marry uneducated or very ill individual? What normal people usually do is either have children in daycare and a working spouse or stay home spouse and no day care expenses. Both are reserved for wealthy people who don't know what else to do and have too much money or stupid, who spend too much money so they can work more
 
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