How do you measure whether you’re on track for financial health? Add me on Instagram - instagram.com/meyersonjoel/ ✌️
@philtastic13 жыл бұрын
Love these dental financial videos, no other channel does this, keep up the great work!
@jmey3 жыл бұрын
ty!!
@jakebivas3 жыл бұрын
These dental finance videos really help keep me level-headed when thinking about dental school debt. Thanks Joel!
@jmey3 жыл бұрын
thanks Jake, glad they're helping!
@wendydelight31103 жыл бұрын
great vdo🤩 In Thailand, instead of student loan we have to work for public hospital for 3 years (we also have salary)
@annajones97013 жыл бұрын
Lucky. What are salaries in Thailand for dentistry?
@landonfisher31583 жыл бұрын
Never smashed and liked the subscribe button so fast! Thanks for the vids.
@jmey3 жыл бұрын
my man!
@bananamusic71503 жыл бұрын
This is a great video topic! Thank you again, Joel. I get excited every time you drop a new video.
@jmey3 жыл бұрын
thank you, glad you’re finding them helpful!
@HaleySchultz3 жыл бұрын
Thanks for breaking this down!
@jmey3 жыл бұрын
Thank you Haley!!
@Ixtusyh3 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…. :(
@traywaters15753 жыл бұрын
Joel never misses!! Awesome video🤙🏽
@jmey3 жыл бұрын
thank you Tray!!
@ell3543 жыл бұрын
Great video! Thanks for putting in the time to research your topics for your videos, it really makes a difference!
@jmey3 жыл бұрын
appreciate it, I’m trying!!
@lindab33402 жыл бұрын
Very helpful video , thanks for the information
@truk1337tv3 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
@jmey3 жыл бұрын
LOL, I can see how that could be confused. what a coincidence the timestamps exactly double
@mohsinpat13 жыл бұрын
Excellent video. Best one so far. Keep up the good work of enlightening us..
@jmey3 жыл бұрын
Appreciate it!
@jpauldemarco3 жыл бұрын
Can we normalize finance literacy🙌 more people need to know this!!!!
@jmey3 жыл бұрын
let's get this bread!
@ijyoyo2 жыл бұрын
Great video! Thanks for making this!
@studentdoctordanielbrock77893 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.
@thesn0wcone3 жыл бұрын
You wouldn’t last a week in Canada with our 50% taxes haha
@metabon3 жыл бұрын
I look forward to your videos! Keep up the good work
@jmey3 жыл бұрын
😊 ty!!
@joshuacalder71473 жыл бұрын
A+ content. Any other personal finance/business books you would recommend for someone interested in dentistry + business + financial freedom?
@jmey3 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.
@niklaslutkecosmann893 жыл бұрын
500k is insane! Luckily I will have 0$ Student loan after graduation in Germany...
@jmey3 жыл бұрын
Consider yourself lucky!
@KI-wz7pr3 жыл бұрын
Great video man!
@lewisculver26663 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
@armadylptwrsps3 жыл бұрын
Aren’t most dentist’s salaries above the maximum for a Roth IRA?
@lewisculver26663 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
@Qpolley3 жыл бұрын
What would would the best way to maximize wealth and investments as a Dentist to retire earlier like 40 not 50
@jmey3 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
@pearlcai74393 жыл бұрын
What’s your current investments in order to achieve the compounded interest? If you don’t mind sharing?
@jmey3 жыл бұрын
stocks, real estate, and some joint venture deals
@landenkeffer44813 жыл бұрын
Awesome video, Joel!
@jmey3 жыл бұрын
thank you Landen 🙏!
@prydegirl2 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.
@jmey2 жыл бұрын
second million the hardest, interesting take - why's that?
@prydegirl2 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.
@asterrashter46373 жыл бұрын
Great vd
@jmey3 жыл бұрын
thanks Aster!
@baby199819973 жыл бұрын
Saving that into what? An S&P 500 im guessing based on your 7% return
@jmey3 жыл бұрын
7% is considered a conservative historical return based on a mix of S&P500 and bonds.
@annajones97013 жыл бұрын
Want to retire before 30
@jmey3 жыл бұрын
retirement is freedom to choose how you spend your time, work backwards to decide how you can do that by 30!
@mandyn9437 Жыл бұрын
You can retire before 30 if you have generational money and or enter into illegal ways of making money