How Much Money Dentists Should Have Saved (by Age)

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How Much Money Dentists Should Have Saved (by Age)

Рет қаралды 12,481

Joel Meyerson

Күн бұрын

Пікірлер: 54

@jmey 3 жыл бұрын

How do you measure whether you’re on track for financial health? Add me on Instagram - instagram.com/meyersonjoel/ ✌️

@philtastic1 3 жыл бұрын

Love these dental financial videos, no other channel does this, keep up the great work!

@jmey 3 жыл бұрын

ty!!

@jakebivas 3 жыл бұрын

These dental finance videos really help keep me level-headed when thinking about dental school debt. Thanks Joel!

@jmey 3 жыл бұрын

thanks Jake, glad they're helping!

@wendydelight3110 3 жыл бұрын

great vdo🤩 In Thailand, instead of student loan we have to work for public hospital for 3 years (we also have salary)

@annajones9701 3 жыл бұрын

Lucky. What are salaries in Thailand for dentistry?

@landonfisher3158 3 жыл бұрын

Never smashed and liked the subscribe button so fast! Thanks for the vids.

@jmey 3 жыл бұрын

my man!

@bananamusic7150 3 жыл бұрын

This is a great video topic! Thank you again, Joel. I get excited every time you drop a new video.

@jmey 3 жыл бұрын

thank you, glad you’re finding them helpful!

@HaleySchultz 3 жыл бұрын

Thanks for breaking this down!

@jmey 3 жыл бұрын

Thank you Haley!!

@Ixtusyh 3 жыл бұрын

Always enjoyed your vids from bootcamp. These videos ara also very helpful. The only downside to this simplification is that dentists have very weird earning structures (production based) and this fluctuates a lot. Moreover, we continue to make more debt by purchasing practice, new equipment etc…. :(

@traywaters1575 3 жыл бұрын

Joel never misses!! Awesome video🤙🏽

@jmey 3 жыл бұрын

thank you Tray!!

@ell354 3 жыл бұрын

Great video! Thanks for putting in the time to research your topics for your videos, it really makes a difference!

@jmey 3 жыл бұрын

appreciate it, I’m trying!!

@lindab3340 2 жыл бұрын

Very helpful video , thanks for the information

@truk1337tv 3 жыл бұрын

Definitely thought you were showing ratios to use when you put up the "millionaire next door" and "white coat investor" graphics and thought 1:19 is the same as 2:38 haha. then I realized they were time stamps

@jmey 3 жыл бұрын

LOL, I can see how that could be confused. what a coincidence the timestamps exactly double

@mohsinpat1 3 жыл бұрын

Excellent video. Best one so far. Keep up the good work of enlightening us..

@jmey 3 жыл бұрын

Appreciate it!

@jpauldemarco 3 жыл бұрын

Can we normalize finance literacy🙌 more people need to know this!!!!

@jmey 3 жыл бұрын

let's get this bread!

@ijyoyo 2 жыл бұрын

Great video! Thanks for making this!

@studentdoctordanielbrock7789 3 жыл бұрын

Yeah that’s why I’m not going to live in a state with State income taxes. Taking a 32.5% cut is ROUGH.

@thesn0wcone 3 жыл бұрын

You wouldn’t last a week in Canada with our 50% taxes haha

@metabon 3 жыл бұрын

I look forward to your videos! Keep up the good work

@jmey 3 жыл бұрын

😊 ty!!

@joshuacalder7147 3 жыл бұрын

A+ content. Any other personal finance/business books you would recommend for someone interested in dentistry + business + financial freedom?

@jmey 3 жыл бұрын

thank you Josh! there aren't a ton that I know at the intersection of all three. I've read The Whitecoat Investor, and although designed for physicians, essentially all applies to us as well. I recently read the Psychology of Money by Morgan Housel and it was quite good, would recommend.

@niklaslutkecosmann89 3 жыл бұрын

500k is insane! Luckily I will have 0$ Student loan after graduation in Germany...

@jmey 3 жыл бұрын

Consider yourself lucky!

@KI-wz7pr 3 жыл бұрын

Great video man!

@lewisculver2666 3 жыл бұрын

Tax free accounts are also important!! Just maxing out a 401K and Roth IRA from 26-65 (for a dentist who did 4 years undergrad, 4 years d school) can lead to a multimillion dollar retirement for our generation

@armadylptwrsps 3 жыл бұрын

Aren’t most dentist’s salaries above the maximum for a Roth IRA?

@lewisculver2666 3 жыл бұрын

@@armadylptwrsps I haven't looked into it more in-depth, but there options to fund it using a backdoor option even at a higher income

@Qpolley 3 жыл бұрын

What would would the best way to maximize wealth and investments as a Dentist to retire earlier like 40 not 50

@jmey 3 жыл бұрын

if you want to retire earlier you have two options: save more (earnings up, savings rate up) or lower your monthly expenditures so you need less to retire on

@pearlcai7439 3 жыл бұрын

What’s your current investments in order to achieve the compounded interest? If you don’t mind sharing?

@jmey 3 жыл бұрын

stocks, real estate, and some joint venture deals

@landenkeffer4481 3 жыл бұрын

Awesome video, Joel!

@jmey 3 жыл бұрын

thank you Landen 🙏!

@prydegirl 2 жыл бұрын

The first million is easy, the second million is the hardest. From 3 to 8 million quicker than you think. Put 2.8 million pre tax into a cash balance plan. Don’t be the millionaire next door, be the decamillionaire next door.

@jmey 2 жыл бұрын

second million the hardest, interesting take - why's that?

@prydegirl 2 жыл бұрын

@@jmey because after you saved your first million, you have scrimped and saved, done without and you deserve the million dollar house, the 250,000 sports car. But then you realized stuff is just stuff and you get back to saving for tomorrow, delayed gratification, because that is what you know.