Practicing Dentist -- Be Aware of Finances

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dentistloanplanner

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Dental school is not a good financial decision. The cost of attendance they hand you is about 30% lower than it will actually be because it doesn't include accrued interest, tuition increases, or origination fees.

Here is the truth. I have practiced for over 15 years living paycheck to paycheck and earning $15-20k after taxes and debt. If it wasn't for financial loan planners, I would be lost right now. I think you all should consider what you are doing and reconsider your acceptances or if you are applying. This is nothing you should even second guess.

If you go to dental school in fall of 2017 or later, you will be sorry and destroying the financial future of you and your family.
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dentistloanplanner said:
Dental school is not a good financial decision. The cost of attendance they hand you is about 30% lower than it will actually be because it doesn't include accrued interest, tuition increases, or origination fees.

Here is the truth. I have practiced for over 15 years living paycheck to paycheck and earning $15-20k after taxes and debt. If it wasn't for financial loan planners, I would be lost right now. I think you all should consider what you are doing and reconsider your acceptances or if you are applying. This is nothing you should even second guess.

If you go to dental school in fall of 2017 or later, you will be sorry and destroying the financial future of you and your family.
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How many schools are you on the wait list for?
 
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Why is it that when a dentist who is struggling comes to warn us about our uncertain future, we immediately disregard him? Lots of my classmates are taking out the maximum amount of loans and have absolutely no worry about their future or their level of debt.
 
ncide said:
Why is it that when a dentist who is struggling comes to warn us about our uncertain future, we immediately disregard him? Lots of my classmates are taking out the maximum amount of loans and have absolutely no worry about their future or their level of debt.
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It's highly unlikely that he or she is even a dentist, for one.

If OP had been practicing dentistry for over 15 years, then that means he/she must have enrolled as a D1 at least 19 years ago...

The cost of attendance back then was nowhere near what it is now, even accounting for inflation.
 
You can't survive on ~$17500/ month after taxes AND debt??? People in this country are on minimum wage....they live on $1000/ month working twice as many hours. I can't take a thread like this seriously if you are living paycheck to paycheck on ~$17500/ month after taxes AND debt.
 
SmileItsLife said:
You can't survive on ~$17500/ month after taxes AND debt??? People in this country are on minimum wage....they live on $1000/ month working twice as many hours. I can't take a thread like this seriously if you are living paycheck to paycheck on ~$17500/ month after taxes AND debt.
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Don't take the bait man. He's obviously trolling
 
Keklel said:
It's highly unlikely that he or she is even a dentist, for one.

If OP had been practicing dentistry for over 15 years, then that means he/she must have enrolled as a D1 at least 19 years ago...

The cost of attendance back then was nowhere near what it is now, even accounting for inflation.
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I instantly thought this too... I've been watching too much Catfish and can smell a lie online now
 
ncide said:
Why is it that when a dentist who is struggling comes to warn us about our uncertain future, we immediately disregard him? Lots of my classmates are taking out the maximum amount of loans and have absolutely no worry about their future or their level of debt.
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I took the StudentLoanPlanner guy seriously and he was legit, and I do appreciate for what he did, whereas this OP here seems like a troll.
 
NavyDDS1990 said:
I took the StudentLoanPlanner guy seriously and he was legit, and I do appreciate for what he did, whereas this OP here seems like a troll.
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Haha I deserve to be trolled a little bit. My title was a bit too extreme and some of my clients are actually in ok shape despite their student loans even though most are not.

In my defense, I was blessed to be able to save up enough in my life as a bond trader to not need to work for money, which is an awesome feeling that I think everyone should enjoy one day. So the paycheck to paycheck part and $15k a year after tax gross is sadly very inaccurate lol
 
I would like to know how you were able to save a lifetime worth of money in such a short time, unless your picture is from 30 years ago. I have been a dentist for over 30 years and have saved very little. On the other hand I have invested well in various projects and vehicles and can retire at any time. I thought saving was considered very old school, and it was now all about positive cash flow. I would also be interested in any non taxable asset allocation you have done.
 
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