With 8+ years of education and hundred of thousands in loans, you're setting yourself up to be a crappy businessman. You can make much more in the finance sector with a much smaller investment. Plus, I know plenty of doctors in medicine that have their own practices, no need to force yourself into dentistry.
My family has been fortunate enough to get to a point where I won't have any loans for undergrad or dental school. (My parents were bottom class farmers 20 years ago in India... it's been a wild ride haha)
But so let me expand on myself a little bit more. My parents own a lot of commercial properties these days, mainly gas stations and apartments complexes. Although they make bank, I'm not really interested in my parent's lifestyle of working 12-18 hours a day, everyday, no days off or vacations, for 20 years, and never being able to spend time with family/kids. I can't work as hard as them haha That's another reason I don't like med school. On top of the much larger monetary and time investment it requires, along with the higher risks at stake such as getting into residency. I just feel like being a doctor, I'm going to have the same depressing work life my parents have.
And I'm not just doing this for the money. If I was, I wouldn't go through these 8 years of non-stop hoops. I would just take over my dad's businesses and let him retire. The main thing for me is, I LOVE business, but HATE gas station and apartment complexes. You would not believe the madness these businesses bring. From ******* tenants on the upper floor literally exploding their toliets with fireworks and leaking poop water into the living room of the person living below them, and calling us at 2 am to fix it,..to fuel storage tanks of a gas station cracking during the winter and letting in small amounts water through a hair-line crack, causing the station to be shut down for 2 months so we could dig out the 10,000 gallon tank and install a new one... for the low price of $20,000. It's just a never-ending circus man. I don't want to put up with it. My plan is to just hire a company to take care of it all for me while I can focus on dentistry later in life instead of manage them myself like my parents.
With that being said, I like dentistry because 1.) I just think it's cool man lol. 2.) You work with/ your employees are much more intelligent than the 40+ year old stilling living with his parents, working at a gas station, with the work ethic of a 5 year old. 3.) It seems much more easy to run on a large scale than gas stations (less probability of catastrophic problems). 4.) Gas stations have their days counted as it is, medicine will never go out of business. 5.) I would personally much rather do work that improves people's lives and get that little tingly feeling in your heart knowing you helped someone, than scream at a minimum wage employee for randomly not showing up to work for the third time this week.
My choice in pursuing dentistry will not change no matter how hard you try to reason with me haha, I'm already sold :b
I would just really like to know some of the financials behind different procedures as of right now. I've already researched and learned all about the pay scales and how diff. areas perform compared to others, as well as the general day-to-day workings/operations of a dental clinic. Now I'm trying to focus in more with actual numbers behind everything such as margins, volume of specific procedures done relative to others, such as how many crowns compared to extractions on a given month, etc... I'd really appreciate some insight!
Margins on that must’ve been HUGE!
Margins on that must’ve been HUGE!
