Public Service Announcement

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.
If this conversation cannot be maintained in a civil and respectful manner, then those involved will not be allowed to participate.
 
Last thing i'm gonna say about this topic. If you think money is the end all, be all then why are so many celebrities killing themselves? "If you choose a career that feeds your soul, you'll never feel like you've worked a day in your life”
 
I don't understand why making the sound financial decision not to go into lifelong debt where you likely won't reach a net worth of 0 until your fifties is funny.

I'm extremely passionate about physics and math. I was originally going to get a PhD in it. However, I talked to physics graduates and saw the abysmal job market. I realized I wanted a stable job where I can make enough money to raise a family and being a phd scientist wouldn't allow that life for me. Basing your entire life on cultivating your passions is childish.
As an aside, that's really cool you actually had a passion for math and physics; in fact, so do I. Do you study or learn the stuff on the side for fun?
 
Y'all know what I'm gonna say here. For the one that didn't go the pharm school, gratz on the great choice. I dodged the same bullet many years ago. Doesn't even matter if pharm school was free, you're stuck at making 90-200k. Going to the cheapest school is the wisest decision from a financial perspective, because a dds is a dds is a dds (or dmd). Take that golden ticket to becoming a dentist and start making a lot of money. Of course being a 120k associate makes no sense with 500k debt. That's why you need to net at least 500k/year to make it worth while. In the end, I think of us as glorified day-laborers. I'm in the minority to say, take on as much debt as you NEED to. Take no more, take no less. One caveat though, you better be prepared to work your butt off to make lots of money to pay your debts and lifestyle.
 
my out of state med school is cheaper than my instate dental school. I applied to my instate dental schools before med And didn’t get in and I said screw it why bother with this. Have friends in dental school who say dentistry isn’t worth it unless you decide to go omfs.

I suggest other people do the same. Medicine has its ups and downs for sure but it offers way more career flexibility and you will be doing a career you might be passionate about. Dentistry doesn’t drive passion. I shadowed 3 dentists and an oral surgeon and several MD/DO. Just my 2 cents.

also if anyone’s curious my dat was 21 aa and ts mygpa was 3.55 but, I put30 volunteering hours and didn’t blemish The hours more than I should have

edit: wanted to add I only applied to is schools cuz I would have rather taken a gap year than go out of state for dental schools
 
my out of state med school is cheaper than my instate dental school. I applied to my instate dental schools before med And didn’t get in and I said screw it why bother with this. Have friends in dental school who say dentistry isn’t worth it unless you decide to go omfs.

I suggest other people do the same. Medicine has its ups and downs for sure but it offers way more career flexibility and you will be doing a career you might be passionate about. Dentistry doesn’t drive passion. I shadowed 3 dentists and an oral surgeon and several MD/DO. Just my 2 cents.

also if anyone’s curious my dat was 21 aa and ts mygpa was 3.55 but, I put30 volunteering hours and didn’t blemish The hours more than I should have

edit: wanted to add I only applied to is schools cuz I would have rather taken a gap year than go out of state for dental schools

omfs... more like omfg, that's a long time to be in school (for omfs and medicine). What do they mean by "worth it"? I think general dentistry is definitely worth it, compared to medicine. As I've mentioned before, the advantages of going through the GP route is less work, less school, more potential money, and less liability. 4 years of additional school is already long enough, would you really want to go through 7-10+ years of additional school?

Important lesson to your story for others to learn from: apply to as many schools as you can, because it only takes one acceptance to get your license. It's all or nothing, either you get in or you don't. Doesn't matter where you get in, the important part is you get in that year. A year or two of opportunity cost is a lot to lose in dentistry.
 
omfs... more like omfg, that's a long time to be in school (for omfs and medicine). What do they mean by "worth it"? I think general dentistry is definitely worth it, compared to medicine. As I've mentioned before, the advantages of going through the GP route is less work, less school, more potential money, and less liability. 4 years of additional school is already long enough, would you really want to go through 7-10+ years of additional school?

Important lesson to your story for others to learn from: apply to as many schools as you can, because it only takes one acceptance to get your license. It's all or nothing, either you get in or you don't. Doesn't matter where you get in, the important part is you get in that year. A year or two of opportunity cost is a lot to lose in dentistry.

If i took a gap year instead of going out of state, I would have saved a boatload of money almost ~ 200k after interest etc. I thought instead of committing to an out of state school, I could give up a first year dentist's salary and go to my IS dental school 1 year later and potentialy saved ~200k in loans.

For your first point, yeah it's true you go through less school etc. I argue "more potential money" only holds true for pediatrics and POSSIBLY family medicine. It's not like most dental grads are getting out of school making 250K for an established clinic. No, rather they're making around 150-200 for corporate dentistry then try to establish themselves later. I'm not going to compare a new doctor who just graduated residency to an old timer dentist who graduated dental school in 1990 and then set up a clinic that's raking in 500K after overhead . That stuff doesn't exist anymore.
 
If i took a gap year instead of going out of state, I would have saved a boatload of money almost ~ 200k after interest etc. I thought instead of committing to an out of state school, I could give up a first year dentist's salary and go to my IS dental school 1 year later and potentialy saved ~200k in loans.

For your first point, yeah it's true you go through less school etc. I argue "more potential money" only holds true for pediatrics and POSSIBLY family medicine. It's not like most dental grads are getting out of school making 250K for an established clinic. No, rather they're making around 150-200 for corporate dentistry then try to establish themselves later. I'm not going to compare a new doctor who just graduated residency to an old timer dentist who graduated dental school in 1990 and then set up a clinic that's raking in 500K after overhead . That stuff doesn't exist anymore.

I wouldn't look at it from a first year dentist's salary, but from the lifetime yearly average. Your first year will always be your first year, but the average is probably a better way of looking at your opportunity cost. Second, it assumes that you get in the 2nd time around. What if you don't get in the second time around, that's a second year lost. In the grand scheme of a GP's lifetime yearly average, 200k is not much, even with compounded interest. If I had only gotten into USC or NYU, I would've still taken the offer begrudgingly.

There are still plenty of opportunities for those willing to move and work hard. The uneven distribution of dentists makes for good opportunities for dentists who are willing to go where the money's at. This is where a lot of dentists, current and future, have problem(s). Either they are too lazy and/or unwilling to move to opportunity. I'm not an old timer who setup in the 90's, and 500k+ is still possible after overhead. If a simple suburban dentist like myself can do it, anyone can. Look at the comparisons of a medical doctor v. general dentist that started school at the same time. By the time the medical doctor graduates and practices, the general dentist already has a few years under his or her belt, should already be opening a practice(or at least making higher associate income due to speed increases), and have similar/higher income than the newly minted medical doctor - all the while having a headstart on their personal and professional lives. Most of the money we make is not going to be from dentistry, but from the capital we harvest from dentistry. That's why the headstart is critical to ramping up towards financial success.
 
There are still plenty of opportunities for those willing to move and work hard. The uneven distribution of dentists makes for good opportunities for dentists who are willing to go where the money's at. This is where a lot of dentists, current and future, have problem(s). Either they are too lazy and/or unwilling to move to opportunity. I'm not an old timer who setup in the 90's, and 500k+ is still possible after overhead. If a simple suburban dentist like myself can do it, anyone can. Look at the comparisons of a medical doctor v. general dentist that started school at the same time. By the time the medical doctor graduates and practices, the general dentist already has a few years under his or her belt, should already be opening a practice(or at least making higher associate income due to speed increases), and have similar/higher income than the newly minted medical doctor - all the while having a headstart on their personal and professional lives. Most of the money we make is not going to be from dentistry, but from the capital we harvest from dentistry. That's why the headstart is critical to ramping up towards financial success.

You act as if opening a practice is free and they still don't have tons of their debt to pay. Opening a decent practice takes more investment and accrues more debt than you already in. And yeah you are right, the medical doctor will take 3 more years to make the big bucks, but to pretend like he can't have a personal life and is not already in his way to a professional life is silly. Lots of people have kids during residency/school and start families.

Secondly, dentistry was not the right choice for me. Could it be for someone who gets in to their IS dental school? Sure, it could be. They get into a "cheap" school, and get a stable career out of it with high income potential. For me, I made the decision to apply to med schools because why pay more to go to a dental school when I can get a career that nothing else offers? Also, making 500 K in dentistry is not the norm. Making 500 k in some medical specialties is easily do-able without much effort (anestheia, radiology, optho, dermatology etc.)
 
omfs... more like omfg, that's a long time to be in school (for omfs and medicine). What do they mean by "worth it"? I think general dentistry is definitely worth it, compared to medicine. As I've mentioned before, the advantages of going through the GP route is less work, less school, more potential money, and less liability. 4 years of additional school is already long enough, would you really want to go through 7-10+ years of additional school?
also, OMFS is easily the best thing about dentistry. It's not like other specialties that make you pay tuition, rather you get a stipend, and your income potential skyrockets after.
 
Please tell me you were mainlining heroin when you wrote this.

Maybe I was. Actually, no, it seems pretty clear, people in dentistry are averse to any sort of extra education than is necessary based on this thread.
 
Maybe I was. Actually, no, it seems pretty clear, people in dentistry are averse to any sort of extra education than is necessary based on this thread.
For the sake of those who do not know any better to take you seriously, get clean before you post again on dentistry.
 
You act as if opening a practice is free and they still don't have tons of their debt to pay. Opening a decent practice takes more investment and accrues more debt than you already in. And yeah you are right, the medical doctor will take 3 more years to make the big bucks, but to pretend like he can't have a personal life and is not already in his way to a professional life is silly. Lots of people have kids during residency/school and start families.

Secondly, dentistry was not the right choice for me. Could it be for someone who gets in to their IS dental school? Sure, it could be. They get into a "cheap" school, and get a stable career out of it with high income potential. For me, I made the decision to apply to med schools because why pay more to go to a dental school when I can get a career that nothing else offers? Also, making 500 K in dentistry is not the norm. Making 500 k in some medical specialties is easily do-able without much effort (anestheia, radiology, optho, dermatology etc.)
Making 500k in medicine is not the norm either; not everyone goes into ROAD specialties. I can use the same argument for Endo, peds (most of which are paid residencies), and OS. Perio has also been becoming more competitive recently.
Something to keep in mind about medicine is that your interest continues to accrue during your mandatory residency, whereas a GP can start paying down debt before the interest even capitalizes.
 
I wouldn't look at it from a first year dentist's salary, but from the lifetime yearly average. Your first year will always be your first year, but the average is probably a better way of looking at your opportunity cost.

no, it's one extra year at peak income...
 
Something to keep in mind about medicine is that your interest continues to accrue during your mandatory residency, whereas a GP can start paying down debt before the interest even capitalizes.

True, but the total amount is still way less (for me anyways, I didn't have debt before starting school). Also for people who want to do surgery, PSLF is a great option. Maintaining 120 monthly payments to have your debt wiped out is fairly easy to do. 5 years at a non-for profit academic residency with resident salary or 7 years etc, and 3-5 more years at another hospital that is not-for profit and you do 120 payments (monthly payments) for 10 years total, they wipe out your debt.

I can possibly get my debt wiped out in less than 2 years as an attending based on an average 350 K EM salary (fairly easy specialty to match into) and still live comfortably. So 5 years past actual med school. 5 years past dental schools, how many students are clearing their debt? This would not be an option for me in dentistry. In fact, I would have been down in the ****ter if I chose dentistry financially.
 
Last edited:
You act as if opening a practice is free and they still don't have tons of their debt to pay. Opening a decent practice takes more investment and accrues more debt than you already in. And yeah you are right, the medical doctor will take 3 more years to make the big bucks, but to pretend like he can't have a personal life and is not already in his way to a professional life is silly. Lots of people have kids during residency/school and start families.

Secondly, dentistry was not the right choice for me. Could it be for someone who gets in to their IS dental school? Sure, it could be. They get into a "cheap" school, and get a stable career out of it with high income potential. For me, I made the decision to apply to med schools because why pay more to go to a dental school when I can get a career that nothing else offers? Also, making 500 K in dentistry is not the norm. Making 500 k in some medical specialties is easily do-able without much effort (anestheia, radiology, optho, dermatology etc.)

It's not free, but it's not that expensive either. I started my practice with cash saved from being an associate. With more demanding residencies, having a personal life can be difficult and income as a resident is far lower than practicing. Lots of people have kids during residency/school and start families, but it's a big burden that not all couples can take. I know a few that are divorcing/divorced at this time.

Those medical specialties you mention also require lots of additional schooling. Again, lots of opportunity costs, no guarantee of getting in, and lots of gunning during the medical school process.

I've come to the conclusion that a lot of dentists are lazy/slow or inflexible, and that's their downfall.

also, OMFS is easily the best thing about dentistry. It's not like other specialties that make you pay tuition, rather you get a stipend, and your income potential skyrockets after.

Best thing in that you don't have to pay tuition? Their stipends are almost nothing compared to GP income, but I suppose it's better than paying for a residency. An additional 4-6 years is a long time to spend in a residency and the headstart of a GP in 4-6 years can outpace the starting income of an OS. If you live to be 50, 4-6 years is 8-12% of your life, and certainly a large chunk of your prime. Also, less liability, less education, less work during school (don't have to be in gunner mode). Do OS if you love the field, but if you're doing it for the money, I still think GP is a better route. In year 4 through 6 of my professional life, I was far ahead of my OS counterparts and still am at this time. It's what you do with the money that matters the most. As I've said before, the money that you make as a professional is only the starting capital for bigger and better projects.

True, but the total amount is still way less (for me anyways, I didn't have debt before starting school). Also for people who want to do surgery, PSLF is a great option. Maintaining 120 monthly payments to have your debt wiped out is fairly easy to do. 5 years at a non-for profit academic residency with resident salary or 7 years etc, and 3-5 more years at another hospital that is not-for profit and you do 120 payments (monthly payments) for 10 years total, they wipe out your debt.

I can possibly get my debt wiped out in less than 2 years as an attending based on an average 350 K EM salary (fairly easy specialty to match into) and still live comfortably. So 5 years past actual med school. 5 years past dental schools, how many students are clearing their debt? This would not be an option for me in dentistry. In fact, I would have been down in the ****ter if I chose dentistry financially.

I'm not sure why people are so gung ho on loan forgiveness programs. Paying off your loans in a year or two is simple if you have a productive office. If the income was the same (or not much less) at these non-profits compared to private sector counterparts, then it might make sense. If you have to take a massive paycut at a non-profit to depend on PSLF, that sounds like setting yourself up for 10 years of mediocrity.
 
@TanMan you should charge these fools to the game. They dont understand the concept of business at all. A lot of them are thinking military options are a great deal, but in reality you giving away your most important resource, which is your TIME. You can accomplish more if you invest in yourself for those 4 years you spent slaving away to the military. After the military you will be starting from scratch again. Waste of time
 
Last edited by a moderator:
Wow. This thread went sideways. The point is that there is a dental school debt level that students should not go over. A $1,000,000.00 price tag to become an orthodontist is ridiculous. Even during the golden years of ortho .... that would be an obscene amount of money to pay for a profession. I've spoken to a few dentists and a new orthodontist working at the Corp who have $500K plus in student loans. Most have happy families and are living a normal life. They are living average lives paying off their DS debt. They have accepted their choice, but their choice has hampered their ability to move financially upward. Money isn't everything, but these indebted dentists will have it much harder.

Go to an inexpensive school. Find an area that needs dentists. Build a practice. Take good care of your patients. Enjoy what makes dentistry one of the best occupations.
 
@TanMan you should charge these fools to the game. They dont understand the concept of business at all. A lot of them are thinking military options are a great deal, but in reality you giving away your most important resource, which is your TIME. You can accomplish more if you invest in yourself for those 4 years you spent slaving away to the military. After the military you will be starting from scratch again. Waste of time

Financially, the military is not such a great option unless you plan to get into a lot of debt that you would not be able to pay off. That's the keyword is plan. Most people don't plan to get into a lot of debt, but exercising the public service or military option may not always be available for those that have runaway debt. I think the difficulty that military dentists have is when they transition to civilian dentistry (at least from what my buddies who were dentists in the military have stated). As you have mentioned, time is the most valuable resource. If someone wanted to join the military, I think they should if they wanted to serve, not because of financial reasons. Same deal with specializing. If someone wanted to specialize, do it because you like the specialty, not because you hate GP or think you can make a lot more money.

I'm not sure how people can NOT have a fire lit under their butt with a million dollars in debt. This lack of motivation with my generation and incoming generation of dentists confuses the hell out of me.

Wow. This thread went sideways. The point is that there is a dental school debt level that students should not go over. A $1,000,000.00 price tag to become an orthodontist is ridiculous. Even during the golden years of ortho .... that would be an obscene amount of money to pay for a profession. I've spoken to a few dentists and a new orthodontist working at the Corp who have $500K plus in student loans. Most have happy families and are living a normal life. They are living average lives paying off their DS debt. They have accepted their choice, but their choice has hampered their ability to move financially upward. Money isn't everything, but these indebted dentists will have it much harder.

Go to an inexpensive school. Find an area that needs dentists. Build a practice. Take good care of your patients. Enjoy what makes dentistry one of the best occupations.

Listen to what he says, especially the bolded part. We did not become dentists to have average lives and accepting a relatively large amount of debt without a plan to generate the cash flows to service that debt and fund our lives/retirements is just plain foolish. If you were to live a middle class lifestyle, not because of your increased income levels, but because of your unservicable debt levels, you might as well not become a dentist. Treat your dental degree like an investment with labor inputs required. Your initial investment level is the cost of the degree. Add on practice ownership, which can be done cheap (I don't know where this trend of 400k+ offices appeared, but people seem stupid enough to buy into it). Then transform your labor inputs from whatever you started with to 500-1500+/hour.

Summing it up, if you were only worth 7.50 an hour and you got a dental degree, then you should be able to pump it up to 100+/hour as an associate, then 500-1500+/hour as an owner. However, transitioning from each stage (day laborer to associate to owner) requires investment into a dental degree, then eventually, dental office(s). If your debt load is too high, then transitioning from associate to owner can be a lot more difficult. One way that I would circumvent that scenario would be to minimize payments on debt, leverage as much of credit as possible, and open a supercheap office that would at least allow me to practice part time as I ramp up the office and put more money into the office. It's a stop-gap measure that will get your foot through the door as you hold the floodgates of debt (and build the ramparts to contain the debt). Then again, this may not be comfortable for people's risk tolerance.

I'm not a fan of taking on a large amount of additional debt to become a specialist. The main reason is that people assume that specializing gets you a higher average income. That higher average income might be higher for an associate specialist, but building your practice as an owner specialist takes a bit longer, the business model is different, and the growth curves are different v. a GP owner. Also, GP owners have more flexibility on procedural types depending on market conditions. GP owner income > associate specialist income within the same time frame (i.e freshly minted specialist may not make as much as a GP owner that's into yr 3+ of their practice).
 
Last edited:
one thing is find funny is that people here like to post "just go military if you have to go to an expensive school" like it's automatic that you will be chosen...
 
Well, on that note happy Veterans Day.

And this fool did spend his time slaving away in the military. But I guess I don’t have any understanding of business. Oh right, I forgot I have an MBA. Which the military also paid for on top of dental school.
A MBA is useless unless it came from a prestigious school. You can get a MBA online, and still not know anything.
 
A MBA is useless unless it came from a prestigious school. You can get a MBA online, and still not know anything.
You're a pre dent talking down to an experienced dentist...
Yeah exactly. Are you even in dental school? Or are you reapplying this cycle? Not smart to talk smack on a forum when it's not too hard to figure out who people are on here....
 
Yeah exactly. Are you even in dental school? Or are you reapplying this cycle? Not smart to talk smack on a forum when it's not too hard to figure out who people are on here....
How is that even talking smack? There plenty people that have MBA and can't find a job. I didn't know we suppose to suck up to every dentists that post on this site. If that the case then I'm out
 
Just delete my account Artist. I'm done with this site. Thanks by the way, you know for what.
 
A MBA is useless unless it came from a prestigious school. You can get a MBA online, and still not know anything.

I think it's more accurate to say that an MBA is useless unless you apply the principles of business to your business situation. Even if it came from a prestigious school, if you have no clue how to apply what you've learned, then that knowledge is pretty much useless. I suspect that in prestigious institutions, they probably train people to apply concepts/principles instead of rote memorization. Same with dentistry. You learn the principles and basic execution of specific procedures to eventually build up to mastery. If you are stuck with what you learned in dental school and don't advance any further, then you remain at the level of a basic dental graduate.

When people ask me questions about what variables to look at when it comes to the business of dentistry, not knowing what to ask is a big burden because you don't know what variables to address in order to make your practice successful. When you get an MBA, you learn the questions that need to be addressed to have a successful office. They don't necessarily spoon feed you the answer, nor is there one definite answer because every variable is market/situation dependent.

As a disclaimer, I don't have a formal MBA. How do I know all this? I'm not really sure what to say, everything I discuss just seems like common sense.
 
Financially, the military is not such a great option unless you plan to get into a lot of debt that you would not be able to pay off. That's the keyword is plan. Most people don't plan to get into a lot of debt, but exercising the public service or military option may not always be available for those that have runaway debt. I think the difficulty that military dentists have is when they transition to civilian dentistry (at least from what my buddies who were dentists in the military have stated). As you have mentioned, time is the most valuable resource. If someone wanted to join the military, I think they should if they wanted to serve, not because of financial reasons. Same deal with specializing. If someone wanted to specialize, do it because you like the specialty, not because you hate GP or think you can make a lot more money.

Currently my thoughts as a veteran studying for the DAT/PAT and finding a way to knock out my dental prereqs as a consultant for a Silicon Valley firm. I get paid pretty well (my salary is around an associate dentists) but I'm constantly on the road and don't think this travel lifestyle is sustainable esp since I'd like to have a family and be around the kids.

As an owner you have a lot of say and flexibility in which procedures are done, and after living in major metro areas I've figured out their not all cracked up to be what they are. Expensive areas where it's harder to buy property, raise kids, and dealing with people trying to one up each other.

I have my GI Bill which will cover all of my tuition for dental school, but even now I still see a ton of benefits to going back and serving in the military. Sense of community, helping a good population, great benefits, ability to live in interesting places, etc.

I can totally see how the transition is from military to civilian dentistry is rough from a practice management standpoint. From a time resource perspective, do you think it's worth going if I get into dental school or pursuing this route? I'm a bit of an older applicant and would probably go in my early 30s and graduate in my mid-thirties. Don't mind going suburban at all and setting up shop there.

Would love to move to either Texas or one of the Carolinas and away from a major east coast metro area.
 
Currently my thoughts as a veteran studying for the DAT/PAT and finding a way to knock out my dental prereqs as a consultant for a Silicon Valley firm. I get paid pretty well (my salary is around an associate dentists) but I'm constantly on the road and don't think this travel lifestyle is sustainable esp since I'd like to have a family and be around the kids.

As an owner you have a lot of say and flexibility in which procedures are done, and after living in major metro areas I've figured out their not all cracked up to be what they are. Expensive areas where it's harder to buy property, raise kids, and dealing with people trying to one up each other.

I have my GI Bill which will cover all of my tuition for dental school, but even now I still see a ton of benefits to going back and serving in the military. Sense of community, helping a good population, great benefits, ability to live in interesting places, etc.

I can totally see how the transition is from military to civilian dentistry is rough from a practice management standpoint. From a time resource perspective, do you think it's worth going if I get into dental school or pursuing this route? I'm a bit of an older applicant and would probably go in my early 30s and graduate in my mid-thirties. Don't mind going suburban at all and setting up shop there.

Would love to move to either Texas or one of the Carolinas and away from a major east coast metro area.

Your plan(s) revolve primarily on your future life partner. No matter what you do, if you commit to your life partner, they will determine whether it's OK to travel, stay put, stay in one area, no working weekends, or all sorts of bs demands they may have, etc... Otherwise, be prepared for constant tensions in your household. First and foremost, if you can resolve that potential problem by either convincing or replacing, then you are prepared to explore your future financial pathways. You need to have a supportive life partner, otherwise, if you commit too deep, you could lose half of everything you worked for or be stuck in an unhappy partnership with someone who's constantly trying to drag you down.

Anyway, I think you have to calculate how much you're making as a consultant. If your salary is around a low-end associate dentist at 120k, then it's more appealing to move into dentistry. If your salary is closer to mid-range dentist at around 500k-ish, then the lost income is much greater while you're in school and catching up will be more difficult.

So, first decision, how much are you making, and do you think you can make more as a dentist? If not, then you must really love dentistry to pursue dentistry.

Second decision, when you become a dentist, what are your goals? Maximize income? Lifestyle? Family? Prioritize your goals on a numbered list. Rarely can you have it all. If you goal is to have a family, you need to see if your family is ok with you moving around/living in different places/on-base,off-base... essentially the military lifestyle. If they aren't, then military is off the table. If you are happy with the idea of practicing in the military and financial gain is not the utmost priority, then join the military, but if your tuition is covered regardless if you serve or not after dental school, then I would be against joining the military unless you have a burning desire to serve as a dentist in that context. Makes no sense financially.

If you choose the private practice route, then you just need to be willing to work hard, produce, and find a location to work/set-up to maximize profitability. Again, all this is in the context of having family and kids, and they have to be supportive of your decisions, otherwise, be prepared of going home to hell everyday.
 
Your plan(s) revolve primarily on your future life partner. No matter what you do, if you commit to your life partner, they will determine whether it's OK to travel, stay put, stay in one area, no working weekends, or all sorts of bs demands they may have, etc... Otherwise, be prepared for constant tensions in your household. First and foremost, if you can resolve that potential problem by either convincing or replacing, then you are prepared to explore your future financial pathways. You need to have a supportive life partner, otherwise, if you commit too deep, you could lose half of everything you worked for or be stuck in an unhappy partnership with someone who's constantly trying to drag you down.

Anyway, I think you have to calculate how much you're making as a consultant. If your salary is around a low-end associate dentist at 120k, then it's more appealing to move into dentistry. If your salary is closer to mid-range dentist at around 500k-ish, then the lost income is much greater while you're in school and catching up will be more difficult.

So, first decision, how much are you making, and do you think you can make more as a dentist? If not, then you must really love dentistry to pursue dentistry.

Second decision, when you become a dentist, what are your goals? Maximize income? Lifestyle? Family? Prioritize your goals on a numbered list. Rarely can you have it all. If you goal is to have a family, you need to see if your family is ok with you moving around/living in different places/on-base,off-base... essentially the military lifestyle. If they aren't, then military is off the table. If you are happy with the idea of practicing in the military and financial gain is not the utmost priority, then join the military, but if your tuition is covered regardless if you serve or not after dental school, then I would be against joining the military unless you have a burning desire to serve as a dentist in that context. Makes no sense financially.

If you choose the private practice route, then you just need to be willing to work hard, produce, and find a location to work/set-up to maximize profitability. Again, all this is in the context of having family and kids, and they have to be supportive of your decisions, otherwise, be prepared of going home to hell everyday.

This is really solid advice. Sometimes from what I see on SDN is younger people (college students typically) who haven't had to pay bills yet justify such high dental school costs. I also think it's typical for younger grads to want to live and work in metropolitan areas. I like cultural things, but it's a pretty easy commute to get to one of these places on weekends or to vacation in them. Not the best for setting up shop due to competition.

Based off your financials, it def makes sense to move into dentistry. As for joining the military again, I'd probably actually either go the Public Health Service route if I did to get back to my branch of service, or go for the Navy's HSCP program to retire earlier. I already have 5 years of service, and with HSCP the 4 years in dental school count towards retirement.

From a professional competence standpoint I def see going into private practice as more advantageous; lots of times we would be referred out to the private practice clinics for anything more difficult than a cleaning or simple filling/extraction. I'd like to be professionally competent, and this profession is one where you can really scale both your lifestyle and earning potential.

Appreciate all of the advice!
 
Yeah exactly. Are you even in dental school? Or are you reapplying this cycle? Not smart to talk smack on a forum when it's not too hard to figure out who people are on here....
I love the irony of people saying things like online programs don’t teach anything, and then turn around and use online resources like Khan, Chads videos, and Bootcamp to study for their DAT. Also, Hoss’s first post was a podcast which is...online?!?!

Bottom line is to have a plan for debt management. If you take out lots of loans for school, be prepared to have higher debt to income ratio and a more modest lifestyle. Or, start thinking creatively on how to leverage the income to create additional sources of revenue to maximize CASH FLOW versus less tangible assets like equipment and accounts receivable.
 
Is it true that if you graduate from an expensive dental school, that owning your own practice can help you dig yourself out of debt faster? (I know that there are far too many factors that come into play, but generally speaking)


What is the reality of this article? Do you agree or disagree?
 
What happens if an expensive school is the only school you get into? I know a person who got into an expensive school, declined the acceptance, and is now doing a masters to increase her competitiveness for an instate, cheaper school. Would that be advisable or a huge risk? It seems like a huge risk to me because I heard declining an acceptance is a big taboo.

In the Dental Corp I work with a dentist in his mid 40's. Nice guy. Married. Young family of three teenagers. He went to NYU dental school. He told me his DS debt was over 500K. I was shocked when he told me he was still paying dental school loans. At age 44? Most people should be peaking with their income potential in their late 30's early 40's. Building wealth, not paying off a dental school loan. He's happy enough with a nice family, but he's told me many times. He wished he did not have to throw his money away continually paying for an excessive DS loan.

When you decide to go to dental school. Make no mistake. You are BUYING yourself a job. It's like everything in life. Pay too much and you will deal with the harsh circumstances.
 
In the Dental Corp I work with a dentist in his mid 40's. Nice guy. Married. Young family of three teenagers. He went to NYU dental school. He told me his DS debt was over 500K. I was shocked when he told me he was still paying dental school loans. At age 44? Most people should be peaking with their income potential in their late 30's early 40's. Building wealth, not paying off a dental school loan. He's happy enough with a nice family, but he's told me many times. He wished he did not have to throw his money away continually paying for an excessive DS loan.

When you decide to go to dental school. Make no mistake. You are BUYING yourself a job. It's like everything in life. Pay too much and you will deal with the harsh circumstances.
Ask him if he'd rather not be a dentist in all that debt he received compared to the position he's in now.
 
Ask him if he'd rather not be a dentist in all that debt he received compared to the position he's in now.
Of course he is happy being a dentist. Just the reality that he is still paying DS loans when others around him are done with their loans. DS loans are acceptable when you are in your 20's. But your 40's? He has no regrets. He's a talented dentist and has accepted the situation.
 
Of course he is happy being a dentist. Just the reality that he is still paying DS loans when others around him are done with their loans. DS loans are acceptable when you are in your 20's. But your 40's? He has no regrets. He's a talented dentist and has accepted the situation.
Having 3 teenagers definitely has an impact on the ability to pay down student loans. That’s rough.
 
Of course he is happy being a dentist. Just the reality that he is still paying DS loans when others around him are done with their loans. DS loans are acceptable when you are in your 20's. But your 40's? He has no regrets. He's a talented dentist and has accepted the situation.

Dentistry has given him a great quality of life, debt notwithstanding. I served as an officer in the military, and those were long hours. And I'm doing tech consulting for a Silicon Valley company now, which is also long hours + travel despite the better pay. Dentistry gives one the option to earn an extremely comfortable living while being able to give family time. Huge appeal for me, personally
 
In the Dental Corp I work with a dentist in his mid 40's. Nice guy. Married. Young family of three teenagers. He went to NYU dental school. He told me his DS debt was over 500K. I was shocked when he told me he was still paying dental school loans. At age 44? Most people should be peaking with their income potential in their late 30's early 40's. Building wealth, not paying off a dental school loan. He's happy enough with a nice family, but he's told me many times. He wished he did not have to throw his money away continually paying for an excessive DS loan.

When you decide to go to dental school. Make no mistake. You are BUYING yourself a job. It's like everything in life. Pay too much and you will deal with the harsh circumstances.

My question to your colleague, although a direct and invasive question it would be, is why has he not paid off his dental school loan? Perhaps it's by choice if he has near 0% interest, has invested the money, and/or kids are just really expensive and are a huge drain on cash flows? I'm curious as to the reason, since the reason will determine whether future generations should take out 500k+ in loans if that was the only acceptance they received to a dental school.

I can see a few scenarios such as... kids are too expensive to start an office, no desire to start an office, no need to pay off loans quickly at near 0% interest, desires to be a lifetime associate but not fast enough to produce, and so on.

You're right though, you're buying a dental license, doesn't matter if you paid 100k or 500k, a dental license is a dental license. The lower your upfront initial investment, the better. However, not everyone has that luxury and there are some people who only got accepted to 500k+ schools, and that's where they must assess whether it's worth paying that much for a dental license.
 
why has he not paid off his dental school loan? Perhaps it's by choice if he has near 0% interest, has invested the money, and/or kids are just really expensive and are a huge drain on cash flows? I'm curious as to the reason, since the reason will determine whether future generations should take out 500k+ in loans if that was the only acceptance they received to a dental school.

I can see a few scenarios such as... kids are too expensive to start an office, no desire to start an office, no need to pay off loans quickly at near 0% interest, desires to be a lifetime associate but not fast enough to produce, and so on.
I've never asked him why he attended NYU or why he hasn;t finished paying off his loans. Seemed inappropriate. Corp dentists all seem to have some stories on why they're working Corp. He is from San Diego. His original plan was to work and eventually buy into his uncle's dental practice in San Diego. After working for his uncle for a few years ... he realized that the practice was in a very saturated area and did not think the practice was worth the price. He then got a job working at the corporate level at a dental corp. No dentistry. Just driving around his offices in his territory discussing their performance, etc. et.c After a few years of that .... he grew tired of the Corp lifestyle. Quit there and got a job as a managing dentist at the present Corp I work at. He works 5 days per week. His wife is a teacher. He seems happy. Goes on vacations with his three teenagers. Goes to the gym. Lives in suburbia. I work with a few managing dentists and he is by far the most personable. But he is still paying off his DS loans.
 
That just showed how mentally weak you are. You gave up something that you was passionate about just because someone told you to? You couldn't man up and make your own decision? Pathetic.

And...... this right here is what the problem is with today’s generation. Run by “passion” and emotions with little grip on reality or logic. When you make big decision based on that, you live a very unhappy, unstable life. Rejecting advice and life experience of those who’s walked the path you’re about to, you should listen. Also get a good sample size. (ultimately real people you talk face to face with, but a few anonymous people on SDN can be a start). As far as I can tell, Big Hoss seemed to do a little more of that than you. Trust me, the one who makes decisions solely based on ‘passion‘ is the one that’s “mentally weak“ and finds themselves in a lot of trouble. I’d quit digging yourself a deeper hole.
 
Last edited:
Top