Yes, dentistry is still one of the best professions. It’s too bad that many of our colleagues don’t think so and have the “grass is greener” syndrome.
By my standard, I think my practice is doing very well….beyond what I’ve expected, especially for being in a very oversaturated market like So Cal. But I still need my wife’s income. It’s expensive to live here. Back when we were in our mid 30s, early 40s, we were drowning in debt so we both had to work very hard. The student loans were paid off but we still had 2 practice loans, a home mortgage, and 3 rental property mortgages. I didn't become 100% debt-free until I turned 49. I am 53 now. Now, even with the fully paid off house, I still have to pay $3000/month just to live in it (property taxes, insurance, HOA, utility etc). Our monthly living budget is $17k/month (or over $200k/yr). This is just the basic living budget, which doesn’t include travel expenses and shopping.
As Pablo Sanchez pointed out, it’s not just about picking up kids from school. You have to drive them to the after-school sport events, watch them play, buy food for the team, and celebrate with the team etc. Sometimes I was too busy working. I showed up late and only watched part of the game.
We are not wealthy enough to afford such luxury first class/private lounge travel.