Thehighwind87
Full Member
- Joined
- Jan 4, 2023
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I agree that time is both good for money growth (opportunity costs) and bad for family dynamics especially for women. I've been acquainted with a few women over 40 who are hoping to start families. We all have our individual needs, passions, and ambitions. I teach my kids that money can buy choices and the more money you have, the more choices. I choose not to be a slave to money. I had a difficult relationship with my dad. He and his best friend both physicians worship money trying to impress others, etc. I can understand their perspective. In Asian, if you have no money, you're looked down upon. That is why many Asians and other similar minded immigrants in the US strive to drive fancy cars and live in fancy homes. I know I'm in the top 5% but not top 1%. We still live like we're in the bottom 50% utilizing coupons, discounts, clearance sales, and if being in the top 5% is not enough, then we're too spoiled. IMO, it is very difficult for the average young generation to reach the top 5%.
I try not to talk to OMFS outside of dentistry. For me, they seem to look down on GPs.
Where I'm located in the West Coast (PNW), it is very difficult for GPs and specialists to make good income. The exception is OMFS where there is a statewide shortage (not enough people want to commit 4 or 6 yrs). My favorite periodontist decided to quit her private practice of 15 yrs and work for a DSO. My personal GP dentist couldn't pay himself for the first 2 months after he moved to a cheaper location last fall. I will assume less expensive areas in the Midwest, the Plains and the South may have more dentist friendly income. In my area, many people are struggling to pay their living exp. My wf wants us to move out of the area (to a more expensive Asian one).
Ever thought about moving out of the US? I'm planning on potentially retiring in 5 or so years. Move the kids to singapore, and raise them there. I feel like the quality of education is much better, and it's much safer. USA is a rat race man. Always struggling to make money to...make more money to pay more...stuff...
Eventually enough is enough. Cash out, live in asia- cheaply, raise the kids, and have a good safe environment. Wife and I are really thinking about doing it- if we have enough money to survive on- which IMO, we should.
The only issue would be maybe boredom? Going from working- to not working maybe hard. But I do know american dentists that have worked in singapore, and my wife could work remote. Work at that point- wouldn't be for money- but rather fulfillment/routine. We would have enough money from practice sale/house sale/investments.
We have extended family living in singapore, and I have one friend that moved out there. IMO, the quality of life is much better.
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