If you're applying to dental schools - check out Roadmap Prep at roadmapprep.com/, it's my online video course helping you ace your dental school interviews. You can access over two hours of interview video lessons completely for free at , no account required :)
@yadahmed88503 жыл бұрын
Hey I got inspired by your videos to become a dentist , I’ll start applying in a week, wish me luck!
@jmey3 жыл бұрын
@@yadahmed8850 GL!!!
@Enlightenedsoul_12 жыл бұрын
@@jmey Hey I only got 45.30%. Can I study dentists in bachelor? I want to study dentist, how can I study?
@jimj2683 Жыл бұрын
Everyone always says there are easier ways to make money than in their profession. I strongly disagree. Being a dentist or a medical doctor are some of the only surefire ways to get rich. Are you suggesting doing something like dropshipping??
@riana9026 ай бұрын
Thank you so much this was very informative and helpful .......... I'm shooting for dentistry and MBBS hope i can come back after about 2 months as student in the field 🤧🤞🏻
@TF-ff7ir3 жыл бұрын
Anyone who says don't do it for money didn't grow up poor. Some of us want the things we've never had and helping people is a bonus.
@alperentopay11643 жыл бұрын
Or they did grow up poor but after starting to make good money they realized that money alone didn’t make them as happy as they thought.
@TF-ff7ir3 жыл бұрын
Money alone doesn't guarantee happiness but the conveniences it provides makes happiness much more likely. You have to help yourself before you can help anyone else.
@ruijackson76973 жыл бұрын
Its the security more than the money, knowing you will always have a job in the future is the best thing
@TF-ff7ir3 жыл бұрын
Not just a job but a job that will always keep a roof over your head and food on the table.
@ttvrandomsss20973 жыл бұрын
I started work for my dads landscape company at age 12 in the heat in summer and cold as winter just so I can get my first car when I’m 16 I’m 14 years old and I’m working every day I don’t have school and I can’t wait till I work a better job when I’m an adult
@MidnightSaint7602 жыл бұрын
I shadowed a dentist two days ago that just made 800k last year. He was extremely efficient though and was always moving. He worked extremely hard for his money. (General dentist)
@mohamadokab87492 жыл бұрын
what was a typical day? please and thank you.
@samjam6989 Жыл бұрын
well obviously when you make 800K, you move fast
@anvldiy28 Жыл бұрын
@@mohamadokab8749 probably around 20 patients. A lot of extractions. He also did a lot of ped. exams as well. One tip he gave me was to ensure you maximize your flow by having incentives for your dental assistants. He would give them a bonus for the month if they hit a threshold number of patients. This caused for them to be more efficient in placing patients in seats. I have also shadowed dentist who spoke with the patients for 20-30 minutes at a time. To be frank I am certain there are patients out there that would like that, but I know when I go to the dentist, I want it to be quick and over with in a timely manner. My brother first year out of dental school made 340K.
@eljangoolak Жыл бұрын
And and engineer that makes 70-80k is just sleeping on the job all the time right?
@user-pf1fz7md7l Жыл бұрын
@@anvldiy28 in what city was that? I’m really curious to know what city/town you guys worked in
@baby199819973 жыл бұрын
It’s definitely about money while paying off your debt. But after that period is over then you can actually practice what you enjoy and not what you owe
@strider31643 жыл бұрын
Agreed, the freedom of being debt free is huge! After that, just stability is all you need.
@jimj2683 Жыл бұрын
It only takes a year to pay off the debt.
@OceanicGFX4 ай бұрын
@@jimj2683It really doesn’t if you have 500k of debt..
@nomo4u8869 ай бұрын
I’m starting off as a dentist assistant at 25 years old. The sky is the limit for myself and many others. The money is very motivating but so is helping people improve their life which is why I got into this in the first place.
@jmey3 жыл бұрын
Money is often a taboo topic to discuss, but it's valuable to know how much you can expect to make as a dentist as you plan your career. Most research shows that beyond $75,000, emotional well being doesn't increase. But that being said, we all need money for our lifestyles and money can buy you freedom. What are your thoughts on this? Also, follow me on Instagram @meyersonjoel :)
@TrinityHostile Жыл бұрын
Coming from someone who grew up poor and even as a poor student - I just want to be comfortable as far as finances go, and take that extra money to give back to my community (do free dental mentions, have a mobile clinic, etc). Maybe I'll take that ideal of owning multiple practices to help open a nonprofit practice and offer free dental care 🥰
@aaronmorber19433 ай бұрын
Those making under 75k only have a 5 day vision those with a bigger vision will always have more stress money is just the vehicle to get us there
@afrochapin3 жыл бұрын
You can move to Alaska and do medicaid and make 400k+ I moved to rural texas after school and I made 300k a year I have colleagues who made 400k I moved back to a big city after 5 years
@jmey3 жыл бұрын
^this is a great playbook for new grads, I co-sign this
@traywaters15753 жыл бұрын
Wow that is something to definitely keep in mind
@nishanthbandela5423 жыл бұрын
How can we find opportunities in rural areas ?? Also which state pays better ??
@jewelz79733 жыл бұрын
@@jmey hey man just wanted to ask if your a general dentist
@jmey3 жыл бұрын
@@jewelz7973 yep!
@rockersamurai3 жыл бұрын
dentistry definitely feels the most entrepreneurial medical field.
@jmey3 жыл бұрын
it certainly attracts a lot of entrepreneurial minded people, though not all!
@bruhhmomentumm3 жыл бұрын
It’s about time someone made a video like this. Thank you sir
@ncramz16623 жыл бұрын
Thanks Joel. Great video and you obviously know your stuff. As a business major considering switching to pre-dent it's cool to hear from someone who understands the business side of running dental practices. It's clear you'll do very well.
@jmey3 жыл бұрын
Dentistry can be a fun intersection of clinical care with business, join us!
@andressmith14143 жыл бұрын
If been trying to find good info on dentist salary/income for a long time and this video was absolutely priceless. I’m applying to dental school next cycle and your content has been so helpful I honestly feel like I should repay you. Huge thanks from me Joel, keep it up. 👍
@jmey3 жыл бұрын
ty for your support!
@theliongamehacker2305 Жыл бұрын
Me too
@Deemieboi3 жыл бұрын
future dental student here ! love your videos man. thanks for the insight
@jmey3 жыл бұрын
ty! Glad you're enjoying them and I appreciate your support!
@speakingtruths42153 жыл бұрын
The real money in dentistry is made in owning your own space, and renting it out to other dentists who will pay a fortune.
@jmey3 жыл бұрын
this is a solid move
@rodinjones26253 жыл бұрын
Thank you for making such high-quality content! I hope you're able to continue making videos for years to come.
@bradleycsmith2189 Жыл бұрын
I’m a dentist and have been out of dental school for a little over 3 years and I would say this seems pretty accurate as far as numbers go
@gourabsarker9552 Жыл бұрын
Sir how much do you earn now as a dentist? Plz reply. Thanks a lot.
@0seunggf Жыл бұрын
do you work in a hospital or clinic?
@stevethecheese3 жыл бұрын
Practice owner here. Doing well working 35 hrs a week.
@jmey3 жыл бұрын
doing well by doing good :)
@jerrishjesupillai86283 жыл бұрын
Do you ever have to work at home?
@jmey3 жыл бұрын
@@jerrishjesupillai8628 sometimes you might think about a case after hours. but for the most part, dentistry stays at the clinic
@CureYourBoredom Жыл бұрын
Once you finished dental school did you start working straight away or did you specialise?
@stevethecheese Жыл бұрын
@@CureYourBoredom Went to residency program. Decided not to specialize cause I didn't want to go back to school. I worked at several companies and finally decided to buy an existing practice
@DigitalDentist333 жыл бұрын
Thank you so much Joel! I watched all your videos on DAT Bootcamp back in my pre-dental days and I'm so glad I stumbled across this channel! I'm a D3 now and am thinking a lot about what to do when I finally graduate. This channel has great content, I'd love to see one about residency programs (GPR and AEGD especially...) in the future maybe!
@jmey3 жыл бұрын
glad to hear you made it through! will consider it for the future :)
@year-longhiatus4621 Жыл бұрын
There is a pediatric dentist in my town that is a close family friend. I shadowed him a good bit and eventually we got to the talk about salary. He owns 2 practices and nets about 3.5 million a year. However he works 5 days a week and his main practice sees about 130 patients a day. He also only has 1 part time associate at this practice. I’ve shadowed other dentists of all kinds of specialties and can say that he is the fastest and most skilled overall dentist I have ever seen. So it just is about what you want to do and how hard you are willing to work.
@gourabsarker9552 Жыл бұрын
Sir how much your pediatric dentist takes home after overhead and taxes from that 3.5 million dollars a year? Plz reply. Thanks a lot.
@MiroBG359 Жыл бұрын
Curious, How many emoyees does he have ? I'd guess a lot of the patients are quick in and out and cleanings not everyone is in his chair
@onemissiondmd3 жыл бұрын
Great video Joel! The fact that you reached out to your dental friends was really cool! Thanks for this content and keep it up! You've been killin the game!
@jmey3 жыл бұрын
🙏 thanks Tehaum
@tbd16133 жыл бұрын
Owned my own practice for 24 years. Made really good $$$ for years, however, with the advent of aspen dental and other dso's life will change for all new dentists. I firmly believe the golden days of dentistry are done. Corporate dentistry, hedge funds, etc have ruined a great profession. Good luck.
@jmey3 жыл бұрын
dentistry is different but not over in my opinion, kzfaq.info/get/bejne/ldBiocag1c_NZ4U.html
@tbd16133 жыл бұрын
@@jmey Watched your video. Lots of good points, however, you are still relatively new to the profession. You keep referencing the "good old days". Well they were dam good. Graduated dental school with $80k of debt and my first job I made $100k. Then bought a practice a year later and the rest is history. These days with dental schools costing upwards of $500k, I really doubt the profession will be as it once was. All of my classmates at our 20 year reunion were saying the same things. One day you experience reality and you will realize what I am saying. Stay safe and healthy.
@jmey3 жыл бұрын
@@tbd1613 thanks George, appreciate you contributing to the discussion!
@xplicitgoofy1015 Жыл бұрын
@@tbd1613dude what even is “gold days of dentistry” for you. The truth is THERE WAS NO GOLD DAY OF DENTISTRY like none at all, the DSO talk honestly needs to stop, there are corporations in every single business, EVERY SINGLE BUSINESS, yet there are still people with business skills that are highly successful. I’m sorry but dentistry is no exception. I get you are telling your personal experience but I disagree with this DSO doom and gloom, if you think like that then people just don’t have the business skills to focus on their self.
@kircholagh8 ай бұрын
Dentistry is getting extremely saturated and harder to make a living. Many dentists struggling to make ends meet. Just get into med school, believe me it’s much better
@wholeNwon5 ай бұрын
That certainly is not true. Physicians have lost control of the financial aspect of medical practice.
@aubie34253 жыл бұрын
This video is pretty spot on. Very useful for a new grad. I do worry about people hearing this and going into a profession that they end up hating. It's really hard and not for everyone. I love it but I have the personality for it and practice in a way that suits me. You should do a gloom and doom video about what is hard about dentistry.
@paulpark56733 жыл бұрын
This is an extremely useful video for a person like me who plans to practice in the US afterwards. Thank you very much for investing your time and sharing this information!
@jmey3 жыл бұрын
Glad it was helpful!
@akibkhan54233 жыл бұрын
Canada and US dental experience is not the same. Quality of Life in Canada is much better, Cost of Living much less, and preventative healthcare insurance reimbursements higher in counterparts to US. In US, corporate dental has 7% market penetration while in Canada corporate dental has less then 0.5% market penetration. Also, Canada has 10 dental school while US has 70 dental school. Its very hard to compare salary and rate based on such varied numbers. Sure he gave his salary in USD but thats all based in Canada with a different population group, a better quality of life, better insurance, and much less dental competition (market penetration from corporate dentistry). I am not badmouthing the video or dentistry. But it would be a huge disservice if some starry eyed parent or predent in US tried to justify their future dental salary in US based on Canada's dental landscape.
@paulpark56733 жыл бұрын
@@akibkhan5423 Well, I think your point also makes sense. I know Canada is better to practice than in US, but still the environment of US is better than that of Korea where I practice at the moment.
@shaheerkhan32623 жыл бұрын
From PAT help to career help, you’ve been with us at every step of the way!
@jmey3 жыл бұрын
we're on the journey together :)
@youngkidd03 жыл бұрын
Thinking about taking this career, it pays very well and something that I would enjoy.
@Amman8053 жыл бұрын
It holds a lot of responsibilities too
@ke.ennedy3 жыл бұрын
@@Amman805 as does everything, it’s just the matter of going in with a positive mindset and being able to have a life outside of your profession, if not you have a high chance of running on empty and no longer enjoying it.
@shreejipatel14263 жыл бұрын
Me just staring at his clean teeth entire time
@frankrosado52702 жыл бұрын
Here in FL you don’t need to be a dentist to start a practice. I started mine before going to dental school with another Doctor that I knew while being a dental assistant and I’m truly happy. The goal is 5 more office at least!!
@gourabsarker9552 Жыл бұрын
Sir how much do you earn now as a dental assistant? Plz reply. Thanks a lot.
@tracyho3515 Жыл бұрын
Can I have some info ab this?
@mkite7153 жыл бұрын
The problem is they usually have a ton of student loan debt, come out of school and finance a new car and house, and then borrow even more to buy a practice. Crazy.
@didforlove Жыл бұрын
america home of the slave
@Atl404sFinest3 жыл бұрын
This is a great video! In my last year of school, most are making $150-200k starting salary
@dennistv5983 жыл бұрын
@@pikusarker1359 no
@kymstock18523 жыл бұрын
How much does a dentist make? That would depend on so many factors, the major one is how much of the dentist's time they are prepared to devote to work. If you are not doing surgery, you are losing money. The over heads can be crippling, but this is variable from a small clinic to a larger clinic. The graduated dentist can take many years to catch up on the compound effect of losing at least 5 years of income and accumulating substantial debt. Getting a good balance of work/life balance can be difficult. If you work too much, your family life is diminished and your body will suffer. "Dentist's back" is common, from working long hours with the head forward. Finding a good spouse who understands that high income means long hours at the clinic, and they are prepared to do the lion's share of parenting. Break even point can be around Thursday lunch time, after paying for staff wages, dental equipment, rent and supplies and taxes. That is assuming that the dentist is fully booked and scheduled well for production. I am a retired dentist of 45 years service and the above is based on my experience.
@briansurfer86253 жыл бұрын
My wife is a dentist and she makes about $130k but only works 3 days per week. 300k school debt. I’m a mortgage loan officer and I make triple what she does…. Zero debt. 💪🏻
@jmey3 жыл бұрын
that's great! very different jobs though, wouldn't be for everyone (and the same could be said about dentistry for you likely)
@Openwrt20233 жыл бұрын
I have seen so many dentists with below-average manual dexterity messing up with patients' oral health. Dexterity is something you are born with, and it doesn't improve much through training, so I hope more dental schools have higher standards checking on it.
@daffyduk77 Жыл бұрын
Some of the best dentistry work done to me was by old guys (not many women then) who had made their wad & were more motivated by doing a really good job for their last years' patients. This is the UK, as an NHS patient, most of their money came from the private patients (ouch when you see the bill)
@ducharmediaries34863 жыл бұрын
Thank you for your videos! I learn so much from them all the time, I am very excited to start my journey on becoming a dentist! & you have such a wonderful personality for the career as well, I hope one day I have a mentor just like you. Thank again for the great videos ! :)
@jmey3 жыл бұрын
thank you Ducharme! enjoy the journey :)
@drponcedds3 жыл бұрын
I would say this is getting easier said then done over the years. I graduated back in 2015 and I make a good income (I do every procedure as a GP), but it's not as easy to build a practice as it once was. A lot of upfront costs with ownership, and you'll go from making great money as an associate to having a very thin budget till your office becomes established. Not for everyone. No regrets though, dentistry is a great career path.
@jmey3 жыл бұрын
thanks for the input Gabriel! check out my video on Is Dentistry Still Worth It for my thoughts on this too :)
@DrWendy3 жыл бұрын
I regret dentistry lol
@ke.ennedy3 жыл бұрын
@@DrWendy why is that ?
@gourabsarker9552 Жыл бұрын
Dr Gabriel Ponce sir how much do you earn now as a dentist? Plz reply. Thanks a lot.
@cl65captain3 жыл бұрын
After two years, go buy a GOOD rural practice.... I have rural dental practices listed for sale where AFTER debt service the buyer would make $550k+ a year. Pay your student loans off in a year.
@jmey3 жыл бұрын
you gotta think different if you want different results
@NursesToRiches3 жыл бұрын
This is an awesome video and I love your transparency!
@TrainingIsBelieving29 күн бұрын
Woah, JASON!! Wasn’t expecting you to comment!!! Maybe make a video interviewing a new grad dentist 👀 I’m thinking about dentistry or nursing in sacramento😅 I don’t mind doing either of them.
@DrWAS101 Жыл бұрын
Interesting video. I'm all for recent grads to know more about finances and having good financial education. Subscribed!
@daveray6335 Жыл бұрын
Thank you for putting this together, Joel. It is probably worthwhile to mention that your "dollar" values are in Canadian dollars, if that is indeed the case. In February 2023, $800K Canadian dollars equates to approximately $587,600 U.S. dollars. Cheers...I'm proud of you for the work you have put in to get where you are.
@Iffy503 жыл бұрын
I just turned 49. I've worked at the same place as a mechanical engineer for 22 years now. I don't work much overtime (43 hours/week is typical). Giving up years of happiness for double the money doesn't seem like something I would look back on and be happy about.
@jmey3 жыл бұрын
congrats!
@janice1843 жыл бұрын
Joel Meyerson lol what?
@drdwgmd143 жыл бұрын
Iffy, what is your salary?
@Iffy503 жыл бұрын
@@drdwgmd14 just over $90K
@didforlove Жыл бұрын
@@Iffy50 exactly im a courier and make between 60 and 70k its not worth it
@Narski63 жыл бұрын
I remember you from somewhere big?! DAT Bootcamp?....Currently in dental school because of your help, big thank you
@jmey3 жыл бұрын
thanks for sticking around :) glad you're joining us in the profession
@paulkim60263 жыл бұрын
Oral surgeon here. Making close to 2 mils a year. Life is good.
@etamlous3 жыл бұрын
How much before and after taxes? 😂
@paulk68603 жыл бұрын
@@etamlous top secret. 😂
@scrillathekid55623 жыл бұрын
The top secret answer is 40-50% and how many hours do you have to put in. It’s not passive income bro. Let’s not talk about the costs of a litigious client. You might be insured for that, but as far as I remember, insurance ain’t free. Honestly, most medical professions are about putting in hours. A very industrious plumber might do just as well, with no student loans. That’s just a sad reality my friend. Enjoy the fruits of your labor, you work for it.
@paulk68603 жыл бұрын
@@scrillathekid5562 if you think I pay 50 percent taxes, you must be out of your mind.
@stevethecheese3 жыл бұрын
As dentists or doctors we become a corporation, that helps reduce our tax burden tremendously. And yes I know some oral surgeons that make 2 mill
@bajablaster693 жыл бұрын
You just got a new subscriber. Love your videos and commitment to helping people :)
@jmey3 жыл бұрын
🙏 thank you Garret! happy you're joining us
@kech10883 жыл бұрын
Cool video! I'm an Australian dentist. Our numbers are remarkably similar for associates both for new grads and ones with more experience. Practice owners I dont know as I'm not an owner and don't know what their overheads are.
@valerieyung65463 жыл бұрын
hi! are new grads also working ~60 hours in australia?
@gourabsarker9552 Жыл бұрын
Kech sir how much do you earn now as a dentist? Plz reply. Thanks a lot.
@Xoxo.Zamara2 ай бұрын
My mom is a dentist assistant and the dentist last year earned 1 million dollars clean, after all the bills and everything, not to mention he has 2 more offices so just imagine how much he earns!!
@corycox80333 жыл бұрын
I got a 25 on PAT because of watching your videos, much love!
@jmey3 жыл бұрын
❤️and congrats on your future acceptances :)
@docfredizahnheilkunstlerin67252 жыл бұрын
Thanks so much , I am a german dentist, I learn a new perspective on my job here.
@ZDY666668 ай бұрын
$290k for a practice owner seems a lot less than i thought to be hoenst
@yoseffayz9573 ай бұрын
Same!!! Is it bs
@drumm3rboy19893 жыл бұрын
35% billing is NOT typical in the US. Good luck getting 35% production lol. I’m sure they are out there but the average is much lower
@christinao94073 жыл бұрын
@@RG-hf4et agreed
@akibkhan54233 жыл бұрын
Agreed. Clickbait youtube title and a pre-roll ad go figure the inaccuracy. Any time any career mentions salary and has pre-roll ad know that you have to take it with a grain of salt. Canada and US dental experience is not the same. Quality of Life in Canada is much better, Cost of Living much less, and preventative healthcare insurance reimbursements higher in counterparts to US. In US, corporate dental has 7% market penetration while in Canada corporate dental has less then 0.5% market penetration. Also, Canada has 10 dental school while US has 70 dental school. Its very hard to compare salary and rate based on such varied numbers. Sure he gave his salary in USD but thats all based in Canada with a different population group, a better quality of life, better insurance, and much less dental competition (market penetration from corporate dentistry). I am not badmouthing the video or dentistry. But it would be a huge disservice if some starry eyed parent or predent in US tried to justify their future dental salary in US based on Canada's dental landscape.
@chelseashurmantine81533 жыл бұрын
Thanks for making this. It's weird how much the dental articles and blogs beat around the bush about their income.
@jmey3 жыл бұрын
🙏
@akibkhan54233 жыл бұрын
The most accurate income will be when the document proof is shown aka w2 or 1099 tax document. I wouldn't base a solid dental income or forecast salary based on this video of his personal experience in rural Canada
@paulewannacrackr3 жыл бұрын
@@akibkhan5423 which no one will ever show
@akibkhan54233 жыл бұрын
@@paulewannacrackr is that a good thing or bad thing ?
@MiroBG359 Жыл бұрын
Currently doing research as an investor, we are estimating dentists will costs us around $99 per hour on the low end. You can check Indeed to see the salary ranges many job openings are offering. Many include bonuses on top of the salary
@nicoleraeniemiec16993 жыл бұрын
I’m so happy I found your channel I loved your bootcamp videos too, thank you for all you do!!
@jmey3 жыл бұрын
ty so much Nicole! appreciate your support!
@wholeNwon5 ай бұрын
One of my oldest friends is a dental specialist in our small city. An endodontist partnership (2 very busy practitioners, 1 office) bills about $6 million and they keep overhead low. No night call, very low risk...not bad.
@brianmerrill55863 жыл бұрын
Bless you Joel for the treasure trove of knowledge you bring us 🙏🙌
@yasinnabi2 жыл бұрын
You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you. --Maya Angelou..
@jimj2683 Жыл бұрын
Simplistic. People love what they are become good at. Might as well become good at something that pays well.
@budenify8 ай бұрын
Don’t practice in saturated areas. Big cities where there are several dental schools. I’ve associated in several offices but never made over $150,000. When I was looking to purchase a practice I looked at the financials for at least 30 offices. Including addbacks many owners were making $200k to $250k. Now that I own my own office I can say this is true. The overhead particularly staffing makes ownership incredibly hard. Hygiene is actually a loss leader. It’s hard to find a Hygenist so starting pay is $60/hour but may insurances only pay $56/hour. You won’t make money employing hygiene. Add $5000k school loans and $5000k to open a practice. That’s why most dental students are bankrolled by rich family. Impossible if you come from a middle class family. There are much easier ways to make a lot of money and dentistry is not one of them.
@wholeNwon5 ай бұрын
$5 million is loans?
@mecheckraise3 жыл бұрын
Like MANY crafts I have seen doctors and dentist who coast and others that hustle. The ones that hustle can make 5 times more than others. Working long hours is the easiest way to directly hustle more.
@brucef3103 жыл бұрын
I own a mattress store and I deal in luxury mattresses. I made $600 thousand last year, Net. No college education. No chance for a lawsuit for messing up someone's mouth.
@kilnal85146 ай бұрын
what is your store name?
@brucef3106 ай бұрын
@@kilnal8514 Mattress Stop
@shubhamgiri189 Жыл бұрын
You say those Big numbers but then there is taxes :(
@wholeNwon5 ай бұрын
Death and taxes. Equipment depreciation, real estate write-offs, etc. help a lot.
@Rissa980000003 жыл бұрын
Seeing Joel triggered me and made me think about the PAT section of DAT Bootcamp 😂
@jmey3 жыл бұрын
lol
@choysum90302 жыл бұрын
Here you go guys: New grad 125,000-200,000 Established dentist 150,000- 400,000(super dentist) Practice Owner sky is the limit
@harshilnayak64312 жыл бұрын
After tax would be??
@Ahmad-qx6pg3 жыл бұрын
I'd like to know more about "super GPs". Seems like a great route to take from a financial perspective. Take continuing education courses and be able to perform advanced procedures that pay more, sort of sounds like a specialist. Why isn't it a lot more common? I know nothing about continuing education courses in dentistry and what that entails.
@KI-wz7pr3 жыл бұрын
Same
@jmey3 жыл бұрын
I plan to make a video at some point about levelling yourself up and how to have an expanded scope as a super GP!
@rubyruby63583 жыл бұрын
Continuing ed courses. Join the AGD (Academy of General Dentistry) where there is a wealth of educational courses and they will direct you to vetted courses and programs. NYU has a great implant course if you are near there but I know of a lot of GP's that fly in every Wednesday just to take this course.
@rubyruby63583 жыл бұрын
@@KI-wz7pr Join the Academy of General Dentistry. They are the premier org for GP continuing ed in the country. They will point you in the right direction.
@mrtreeleaf2 жыл бұрын
You didn’t mention how much stress increases when going up the income brackets. More specialized procedures mean more stress as more can go wrong. Not to mention live CE courses are 10-15k$ easy to just scratch the surface of learning the specialized procedures. And then you have to actually get good at the procedures. Not every office will allow for you to climb the learning curb as an associate. Also, more money means you will need to do more physical dentistry in the same amount of hours in a day meaning juggling multiple patient rooms. Yes this man made a lot of money living in rural Canada but most people want to come back to the city eventually. And maintaining a high income means maintaining a high level of stress. And it’s the sustainability of the high income that can lead these high producers to “early retirement” from dentistry. It’s doable, but is it sustainable? No offense, but your side business in dental school prep materials combined with you retiring from clinical dentistry after less than a decade should really cause viewers of your channel to take what you are saying with a grain of salt.
@jimj2683 Жыл бұрын
Almost all jobs are bad after a while. Almost anyone that has the chance will retire if they can. I am an engineer and work 8-5 for peanuts. I will not be able to retire before I am 65. I hate my career choice. If I was a dentist I would work super hard for 5 years and then retire and use the spare time to build my dream business where I only hire people I like to be with.
@ryankelly80773 жыл бұрын
My mind is officially blown 🤯🤯🤯 Screw becoming an MD or DO, I should just become a DMD or DDS
@jmey3 жыл бұрын
👋welcome
@arias79773 жыл бұрын
Good luck if you're just doing it for the money 🤡
@billrussell48323 жыл бұрын
@@arias7977 exactly. Op doesn't know the amount of debt dentists are in. Going into dentsitry for just the money will result in a life of misery
@ryankelly80773 жыл бұрын
@@arias7977 - nah I’m trying to get into medicine for reasons much different than money ... I would probably make more in my lifetime doing something business related but I’d be miserable doing that .. so i know I’m going into medicine for the right reasons
@arias79773 жыл бұрын
@@billrussell4832 I didn't really mean the debt. Yess 200+k of debt is a lot. But when you think of it. They are making 200+ every year. So they can pay it off quite quickly.
@nickkang191711 ай бұрын
Love your videos but the music was a bit too loud to hear here. Thank you for your content!
@prydegirl4 ай бұрын
1.1 million solo pediatric dentist, 4 ops, 2400 Sq ft, 43 percent overhead. If you argue for your limitations, you will get to keep them.
@MazinHattar3 жыл бұрын
Thanks for being so transparent and helpful. I’ve been watching your videos since you started YT. But this is my first comment. I love your PAT stuff on DAT bootcamp tho bro. I never ended up taking the DAT last year but this year is gonna be the year I take it and get it if the stars align. Your videos are awesome and I hope you keep making more.
@jmey3 жыл бұрын
thanks so much Mazin, I really appreciate the support! gl with your DAT, you got this 💪
@NickPeitsch2 жыл бұрын
I assume this video applies to the USA? Similar in Canada?
@jiziz413 жыл бұрын
salaries vary by location. SoCal grads 25% adjusted production is normal with some corporate offering even less
@cooperaiken81483 жыл бұрын
Damn that sucks lol
@MiroBG359 Жыл бұрын
@@akibkhan5423 good luck with cost of living in Toronto. America isn't all NYC Miami or LA. Having immigrated and lived in 5 US states I think Most of America is cheap to live in if you don't insist on being in the middle of popular places
@DevinDaquanmua3 жыл бұрын
Thanks so much for this.!!!! 🙌🏾
@sushantsuryavanshi32 жыл бұрын
Real truth is money no matter how much people give BS about social work.
@stephenleroux78712 жыл бұрын
Hi Joel! Great video as always, but I'd greatly appreciate some clarification! I currently work as an assistant (I'm starting dental school in Canada in May), and from my experience associates are usually paid around 45% of their production. But what I'd really like to know, is if they still pay significant tax after that, and if so, how that affects total take-home pay? You mention that you made $300k up in Wawa, but was that "in-the-pocket", or gross income before tax? I have worked with many dentists here regularly billing $70k - $100k per month, so I know they are theoretically earning $30k - $45k per month, but what about the following tax season? do they then "lose" half of it?! What is the actual take-home at the end of the year? Many sincere thanks and please keep the videos coming
@jmey2 жыл бұрын
with corporate structures you can reduce your tax burden significantly. find a good CPA
@MrTurbojet933 жыл бұрын
Great video! I start dental school in Aug and one thing I am worried about is the amount of debt I will be in.
@jmey3 жыл бұрын
Debt can be a large pill to swallow, but it's doable! When you graduate, you need to make a plan of attack that optimizes for as many of your life parameters while still allowing you to pay your debt down. Other new dentists are doing it, and so can you 💪
@dentreveal38203 жыл бұрын
Apply for HPSP or NSHS Scholarship if debt is a concern.
@MrTurbojet933 жыл бұрын
@@dentreveal3820 I will apply but those scholarships are very competitive.
@burnsyodice30493 жыл бұрын
If you can come out with minimal debt, 200 to 300k can definitely be good making a strong 150 to 200. But what a lot of people dont realize is you really need to bust it if you have 400 or 500k or more in debt. That debt is growing to the tune of 30 to 40k per year and even if you're making a strong say 350k salary, which is quite taxing you need to keep doing that year after year and the 350 after taxes, is only maybe 225k if you're lucky and on higher taxes states you are looking at paying near 50% of your income in taxes. So that 400k strong salary get cut to 200k and even putting 100k a year on the debt still a very long process to pay off and by that time your prob in your mid 30s or 40s even
@jmey3 жыл бұрын
check out my video on Is Dentistry Still Worth It - kzfaq.info/get/bejne/ldBiocag1c_NZ4U.html
@SkyRocketShooter Жыл бұрын
Things can be various. CA- very competitive, wages are typically lower than other state, taxes are high, so the take-home $$ is low even with high production. There are things you need to be care to see- def look at the collections NOT productions (ins are not paying every penny you claim) and overheads (rent, staff salary, supplies, etc). I would say it’s hard to make more than 200k+ if you work as an associate unless you produce $3000 solid collection for office working 5days for my case. Of course if you move rural area then def they pay you more because there are not many dentists out there. Even so 200k+ is hard to beat. You need to open an office but you need to know how to handle insurance and administrations. It’s not all about dentistry at that point so I learned dentistry as much as I can as an associate and bought one. Pretty happy.
@amrbardan6602 Жыл бұрын
Thank you very much for this video I have always heard from my friends that dentistry doesn't pay you well and you will end up poor or not rich
@onemissiondmd3 жыл бұрын
Great content brotha! Keep it up!
@davidt2622 жыл бұрын
125 - 200k as a new grad is nuts, here in Aus the avg is 84k (59kUSD) as a new grad and 106K USD for associates.
@MiroBG359 Жыл бұрын
New grads earning $125,000 USD but your forget the income taxes (unless they're in Florida or Texas and even then uncle Sam will scalp you regardless) and that they likely have $300,000 student debt, if not more
@susanzhang5634 Жыл бұрын
In Australia, some new dental graduates can make 130,000AUD annually in public dental hospitals.
@SnowofLight Жыл бұрын
106k seems crazy low. I made that much working 8 months as an associate at my first practice, and 4 weeks of that I was on holiday. Most junior one there.
@Beck-Stein3 жыл бұрын
I think people do not want to discuss money because they do not want to be sized up. In regards to pay, it is very locally dependent like Los Angeles vs. Cedar Rapids.
@khan29843 жыл бұрын
I work 2 hours further west of Wawa....its a beautiful place to begin your career....
@jmey3 жыл бұрын
Woah, cool! Marathon / Terrace Bay? Driven through those parts many times
@ashhovhannisyan3926 Жыл бұрын
I passed and got a position with a very high salary. They are looking for more dentists. My experience : I spoke to a super kind recruiter who got to know me and where I would like to work. They paid all expenses for my girlfriend and I to visit offices and spend a week with owner dentists. I was offered an extremely high salary. I was offered TN work VISA cost free + relocation expenses coverage (plane ticket, housing, etc.) + many more advantages. I found an office I like a lot and I moved there. Let me know if you would like to know more about the offers available. My friend is a recruiter and is looking for many dentists. The salary is beyond what I expected. Cheers dear colleagues.
@gourabsarker9552 Жыл бұрын
Sir how much do you earn now? Plz reply. Thanks a lot.
@melissakingue61473 жыл бұрын
Did you just convince me to become a dentist?
@jmey3 жыл бұрын
yep!
@evannmm72073 жыл бұрын
One day I will become a dentist :)
@prydegirl2 жыл бұрын
People ask me what made me become successful. I joke, but really, I was to stupid to quit.
@torfe2002 Жыл бұрын
You have to do a lot of root canal...it sucks
@samwakim81333 жыл бұрын
Let's not forget, most dental students are putting themselves in debt to the tune of $500,000 or more while in school from 4 to 5 years, accruing interest while in school.
@jmey3 жыл бұрын
check my video on if dentistry is still worth it ;)
@victorthevloggerrr81273 жыл бұрын
That's if you live in America lol
@stephenchavez53183 жыл бұрын
Pretty sure that number is way off. Medical school is $200,000-$300,000. I doubt dentists owe more.
@rubyruby63583 жыл бұрын
@@stephenchavez5318 No it's not. Some dental schools are over $100 grand per yr (NYU is $102,000 per year without room/board which is an additional $41,600 per yr) so $574,400 approx for four years
@buckeye-pe6df2 жыл бұрын
@@stephenchavez5318 Go look at Dental school tuition. 550-600k is the norm.
@billzhangZhang3 жыл бұрын
this is so useful thank you so much. It really helps me to determine if I want to pursue this career
@eddietennison11913 жыл бұрын
It can be hard to sell a practice if you are a super dentist. No one new grad can do what you do. I need to have 3 different buyers to cash out, if I ever decide to do that. A good GP, an orthodontist, and and a pediatric dentist. (I’m a GP who is board certified in pedo). And my physical space isn’t even big enough to bring in an associate. My best year was a decade ago, I’m sorry to say. I work 4 days a week now and I bill about 1.2 million. I used to make somewhat more than that.I run my practice on about a 50% overhead. COVID put a big hickey on my 2020 numbers but we are recovering. it isn’t clear if we are past the point on COVID, however. I don’t encourage anybody to own multiple practices, unless you want to be an entrepreneur more than being a dentist. I once had 3 locations, and I don’t miss that one bit. Good video. Glad I ran across your channel.
@jmey3 жыл бұрын
always appreciate hearing from those "doing it" Eddie, thanks for your comments and perspective.
@ellenorbovay5226 Жыл бұрын
Very interesting video! I was considering being a dentist when I started out, but I went into Engineering instead. Now I am almost done with my career, and I can tell you we don't make that kind of money usually! It looks like the dentists make more than engineers right from the start, and then pass us up by a factor of about 2 after 10 years or so. But it's a lot different type of work, probably more stressful being a dentist.
@longdo68582 жыл бұрын
Can you make a video to compare between dentist(DMD) vs medical doctor(MD) in work-life balance or income?
@k4re3m_282 жыл бұрын
I can definitely tell you that medical is much more stressful. More schooling, residency, and just stress. But if you are passionate about it please do it!
@yiyangning50163 жыл бұрын
This is USD not Canadian right? Btw, absolutely love all your videos! Money and profit is a topic most practice owners avoid to talk about with pre-dent/dental student. I recently got accepted to my dream school and your videos def make me feel more confident about what I’m getting myself into!
@jmey3 жыл бұрын
you got it, these are USD numbers. and congrats!
@ricardorodriguesrr183 жыл бұрын
@@akibkhan5423 who the hell tell the cost of living in canada is much less? It's the other way round . Try to buy a house in any major city of canada it cost a lot of more than most cities in 🇺🇸. The price of cars are also higher and so it's the tax .
@ricardorodriguesrr183 жыл бұрын
@@akibkhan5423 how the hell did you come up that Canadians make more money then Americans? Usa income per capita is way higher so it doesn't add up . Plus Canada is a boring country only third world country foreigners wanna live there. US has way more opportunities and better weather overall .
@ricardorodriguesrr183 жыл бұрын
@@akibkhan5423 health care is expensive here but what our wages make up for the difference. Unless maybe for the very poor people but the very poor people at least in my area doesn't have to pay for health care they can get health care through the welfare .
@uresfffff2228 ай бұрын
@@akibkhan5423 biggest liar i internet history
@riana9026 ай бұрын
Thank you so much this was very informative and helpful .......... I'm shooting for dentistry and MBBS hope i can come back after about 2 months as student in the field 🤧🤞🏻
@dsglife2 ай бұрын
Not me watching this thinking that I now want to become a dentist now, as if I could just apply to dental school and ace it! 😳😬😁
@natnaeltesgay15583 жыл бұрын
EXACTLY THE VIDEO I NEEDED!!!!!!!! THANK YOOOUUUUUUUUU
@josephbrown35106 ай бұрын
I think you underestimate the amount of money couples need for one year’s expenses. Also, 6.5 percent gains have not been my experience. And the price for a new car is over $31,000 for the majority if cars. Inflation is robbing Americans.
@kingo7173 жыл бұрын
Wtffff so thats where I know you from!! You were the guy from DAT bootcamp lmaoo I think for the reading section haha I was trying to remember where in the world did I see this guy
@jmey3 жыл бұрын
it me
@b.858 Жыл бұрын
Very informative man.
@MohamedOsama-hm9vo3 жыл бұрын
i've found your channel helpful, keep going btw, can you reduce the level of that bg music, i found it hard to focus on ur speech
@jmey3 жыл бұрын
appreciate your support! and thanks, good feedback
@tanner99063 жыл бұрын
had to check and make sure it wasn't playing at 1.25x speed
@jmey3 жыл бұрын
lol, and here I am thinking I'm too slow!
@injaz-Ай бұрын
شكرا لك على هذا الفيديو التفصيلي كان مفيدا جدا أحببت أن أكتب لك بلغتي الأصلية العربية لترى أن المحتوى الخاص فيك يتم مشاهدته من جميع أنحاء العالم شكرا مجددا
@PCayMan3 жыл бұрын
Owning an NHS practice in the UK can mean earning less than £70k if you’re in an area of low UDA rates (what the government pays your practice for carrying out treatment). Associates can make more than working practice owners.