How much money do dentists ACTUALLY make?

[@jmey]

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 :)

[@yadahmed8850]

Hey I got inspired by your videos to become a dentist , I’ll start applying in a week, wish me luck!

[@jmey]

@@yadahmed8850 GL!!!

[@Rahuliya_Bakshi_Kalki_2898]

@@jmey Hey I only got 45.30%. Can I study dentists in bachelor? I want to study dentist, how can I study?

[@jimj2683]

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??

[@riana902]

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-ff7ir]

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.

[@alperentopay1164]

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-ff7ir]

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.

[@ruijackson7697]

Its the security more than the money, knowing you will always have a job in the future is the best thing

[@TF-ff7ir]

Not just a job but a job that will always keep a roof over your head and food on the table.

[@ttvrandomsss2097]

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

[@MidnightSaint760]

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)

[@mohamadokab8749]

what was a typical day? please and thank you.

[@samjam6989]

well obviously when you make 800K, you move fast

[@sjstlaurent]

@@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]

And and engineer that makes 70-80k is just sleeping on the job all the time right?

[@كنانناصر-ف5ذ]

@@sjstlaurent in what city was that? I’m really curious to know what city/town you guys worked in

[@nomo4u886]

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.

[@baby19981997]

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

[@strider3164]

Agreed, the freedom of being debt free is huge! After that, just stability is all you need.

[@jimj2683]

It only takes a year to pay off the debt.

[@OceanicGFX]

@@jimj2683It really doesn’t if you have 500k of debt..

[@bruhhmomentumm]

It’s about time someone made a video like this. Thank you sir

[@ncramz1662]

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.

[@jmey]

Dentistry can be a fun intersection of clinical care with business, join us!

[@jmey]

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]

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 🥰

[@aaronmorber1943]

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

[@rockersamurai]

dentistry definitely feels the most entrepreneurial medical field.

[@jmey]

it certainly attracts a lot of entrepreneurial minded people, though not all!

[@rodinjones2625]

Thank you for making such high-quality content! I hope you're able to continue making videos for years to come.

[@Deemieboi]

future dental student here ! love your videos man. thanks for the insight

[@jmey]

ty! Glad you're enjoying them and I appreciate your support!

[@andressmith1414]

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. 👍

[@jmey]

ty for your support!

[@theliongamehacker2305]

Me too

[@afrochapin]

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

[@jmey]

^this is a great playbook for new grads, I co-sign this

[@traywaters1575]

Wow that is something to definitely keep in mind

[@nishanthbandela542]

How can we find opportunities in rural areas ?? Also which state pays better ??

[@jewelz7973]

@@jmey hey man just wanted to ask if your a general dentist

[@jmey]

@@jewelz7973 yep!

[@onemissiondmd]

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!

[@jmey]

🙏 thanks Tehaum

[@paulpark5673]

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!

[@jmey]

Glad it was helpful!

[@akibkhan5423]

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.

[@paulpark5673]

@@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.

[@bradleycsmith2189]

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]

Sir how much do you earn now as a dentist? Plz reply. Thanks a lot.

[@0seunggf]

do you work in a hospital or clinic?

[@shaheerkhan3262]

From PAT help to career help, you’ve been with us at every step of the way!

[@jmey]

we're on the journey together :)

[@stevethecheese]

Practice owner here. Doing well working 35 hrs a week.

[@jmey]

doing well by doing good :)

[@jerrishjesupillai8628]

Do you ever have to work at home?

[@jmey]

@@jerrishjesupillai8628 sometimes you might think about a case after hours. but for the most part, dentistry stays at the clinic

[@CureYourBoredom]

Once you finished dental school did you start working straight away or did you specialise?

[@stevethecheese]

@@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

[@aubie3425]

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.

[@year-longhiatus4621]

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]

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]

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

[@ducharmediaries3486]

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 ! :)

[@jmey]

thank you Ducharme! enjoy the journey :)

[@bajablaster69]

You just got a new subscriber. Love your videos and commitment to helping people :)

[@jmey]

🙏 thank you Garret! happy you're joining us

[@speakingtruths4215]

The real money in dentistry is made in owning your own space, and renting it out to other dentists who will pay a fortune.

[@jmey]

this is a solid move

[@NursesToRiches]

This is an awesome video and I love your transparency!

[@TrainingIsBelieving]

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]

Interesting video. I'm all for recent grads to know more about finances and having good financial education. Subscribed!

[@tbd1613]

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.

[@jmey]

dentistry is different but not over in my opinion, kzbin.info/www/bejne/lZuVn5alpc6cbbM

[@tbd1613]

@@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.

[@jmey]

@@tbd1613 thanks George, appreciate you contributing to the discussion!

[@xplicitgoofy1015]

@@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.

[@youngkidd0]

Thinking about taking this career, it pays very well and something that I would enjoy.

[@Amman805]

It holds a lot of responsibilities too

[@ke.ennedy]

@@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.

[@nicoleraeniemiec1699]

I’m so happy I found your channel I loved your bootcamp videos too, thank you for all you do!!

[@jmey]

ty so much Nicole! appreciate your support!

[@shreejipatel1426]

Me just staring at his clean teeth entire time

[@kech1088]

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.

[@valerieyung6546]

hi! are new grads also working ~60 hours in australia?

[@gourabsarker9552]

Kech sir how much do you earn now as a dentist? Plz reply. Thanks a lot.

[@kymstock1852]

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.

[@drponcedds]

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.

[@jmey]

thanks for the input Gabriel! check out my video on Is Dentistry Still Worth It for my thoughts on this too :)

[@DrWendy]

I regret dentistry lol

[@ke.ennedy]

@@DrWendy why is that ?

[@gourabsarker9552]

Dr Gabriel Ponce sir how much do you earn now as a dentist? Plz reply. Thanks a lot.

[@brianmerrill5586]

Bless you Joel for the treasure trove of knowledge you bring us 🙏🙌

[@docfredizahnheilkunstlerin6725]

Thanks so much , I am a german dentist, I learn a new perspective on my job here.

[@frankrosado5270]

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]

Sir how much do you earn now as a dental assistant? Plz reply. Thanks a lot.

[@tracyho3515]

Can I have some info ab this?

[@onemissiondmd]

Great content brotha! Keep it up!

[@NickPeitsch]

I assume this video applies to the USA? Similar in Canada?

[@Atl404sFinest]

This is a great video! In my last year of school, most are making $150-200k starting salary

[@dennistv598]

@@pikusarker1359 no

[@corycox8033]

I got a 25 on PAT because of watching your videos, much love!

[@jmey]

❤️and congrats on your future acceptances :)

[@MazinHattar]

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.

[@jmey]

thanks so much Mazin, I really appreciate the support! gl with your DAT, you got this 💪

[@cl65captain]

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.

[@jmey]

you gotta think different if you want different results

[@stephenleroux7871]

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

[@jmey]

with corporate structures you can reduce your tax burden significantly. find a good CPA

[@Narski6]

I remember you from somewhere big?! DAT Bootcamp?....Currently in dental school because of your help, big thank you

[@jmey]

thanks for sticking around :) glad you're joining us in the profession

[@nickkang1917]

Love your videos but the music was a bit too loud to hear here. Thank you for your content!

[@DevinDaquanmua]

Thanks so much for this.!!!! 🙌🏾

[@mkite715]

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]

america home of the slave

[@SkyRocketShooter]

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.

[@daveray6335]

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.

[@ZDY66666]

$290k for a practice owner seems a lot less than i thought to be hoenst

[@yoseffayz957]

Same!!! Is it bs

[@riana902]

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 🤧🤞🏻

[@billzhangZhang]

this is so useful thank you so much. It really helps me to determine if I want to pursue this career

[@chelseashurmantine8153]

Thanks for making this. It's weird how much the dental articles and blogs beat around the bush about their income.

[@jmey]

🙏

[@akibkhan5423]

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

[@paulewannacrackr]

@@akibkhan5423 which no one will ever show

[@akibkhan5423]

@@paulewannacrackr is that a good thing or bad thing ?

[@MiroBG359]

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

[@mrtreeleaf]

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]

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.

[@dynamics9000]

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]

Simplistic. People love what they are become good at. Might as well become good at something that pays well.

[@drumm3rboy1989]

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

[@christinao9407]

@@RG-hf4et agreed

[@akibkhan5423]

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.

[@andmyster4]

Yeah I got stuck on that as well. Huh?

[@b.858]

Very informative man.

[@abdulhalemalhalabi1467]

Thank you so much for the video, it was filled with great informations, but I have a question if you don’t mind how much do you think a recently graduated dentist student from Europe who is moving to Canada will make after they get licensed to work in Canada.

[@longdo6858]

Can you make a video to compare between dentist(DMD) vs medical doctor(MD) in work-life balance or income?

[@k4re3m_28]

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!

[@khan2984]

I work 2 hours further west of Wawa....its a beautiful place to begin your career....

[@jmey]

Woah, cool! Marathon / Terrace Bay? Driven through those parts many times

[@MrTurbojet93]

Great video! I start dental school in Aug and one thing I am worried about is the amount of debt I will be in.

[@jmey]

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 💪

[@dentreveal3820]

Apply for HPSP or NSHS Scholarship if debt is a concern.

[@MrTurbojet93]

@@dentreveal3820 I will apply but those scholarships are very competitive.

[@Openwrt2023]

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]

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)

[@user-xx7ed7ti1z]

Appreciated ❤ New subscriber 🎉

[@Iffy50]

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.

[@jmey]

congrats!

[@janice184]

Joel Meyerson lol what?

[@drdwgmd14]

Iffy, what is your salary?

[@Iffy50]

@@drdwgmd14 just over $90K

[@didforlove]

@@Iffy50 exactly im a courier and make between 60 and 70k its not worth it

[@mecheckraise]

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.

[@Arthurslable]

Great video, and what about different specialties?

[@jiziz41]

salaries vary by location. SoCal grads 25% adjusted production is normal with some corporate offering even less

[@cooperaiken8148]

Damn that sucks lol

[@MiroBG359]

@@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

[@Xoxo.Zamara]

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!!

[@ellenorbovay5226]

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.

[@Amrdent2005]

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

[@budenify]

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.

[@wholeNwon]

$5 million is loans?

[@Trzntxn]

Very informative. Thank you

[@Beck-Stein]

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.

[@wsutherland]

great video man!

[@jmey]

Appreciate it!

[@burnsyodice3049]

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

[@jmey]

check out my video on Is Dentistry Still Worth It - kzbin.info/www/bejne/lZuVn5alpc6cbbM

[@panizshirkhanlou5933]

Could you please make an updated vid on this topic

[@ahmedtararfahad385]

Which country pays the highest salary to dentists apart from usa??? I couldn't find this answer across the websites 😁 it would be honour if u give information

[@samuelkrichavets5632]

you are the man joel!

[@jmey]

back at ya Sam!

[@Someone-ig7we]

Is it hard for someone to work in the US after doing their education in another country?

[@shreejipatel1426]

Btw do those electric toothbrush really help clean teeth??

[@flint476]

Haha - seriously though. Waiting . . .

[@mikeb4471]

Yes.. they do wonders on your gums too. Electric is great. (I’m not a dentist)

[@Baselshbib1]

do you know whats the newly graduate pay in texas? where better to work in after graduating ? Florida, texas, or michigan ?

[@MohamedOsama-hm9vo]

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

[@jmey]

appreciate your support! and thanks, good feedback

[@Rissa98000000]

Seeing Joel triggered me and made me think about the PAT section of DAT Bootcamp 😂

[@jmey]

lol

[@eddietennison1191]

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.

[@jmey]

always appreciate hearing from those "doing it" Eddie, thanks for your comments and perspective.

[@mouthmindbodyverdure8797]

Great video. Just curious, do find dental hygienists to be part of the profit in a practice or do you consider them a loss leader?

[@jmey]

Should be profit line

[@alinrusu678]

@@jmey Yes as a hygienist I can say I bill over 330K a year, and our practice has 16 hygienists. I think with my salary and all the equipment costs, they should still be profiting over 100K from each of us easily!

[@torfe2002]

You have to do a lot of root canal...it sucks

[@traceythitu8900]

Is it monthly or yearly

[@natnaeltesgay1558]

EXACTLY THE VIDEO I NEEDED!!!!!!!! THANK YOOOUUUUUUUUU

[@chukochu]

Is it possible for people who graduated from other countries to work as a dentist in US?

[@MiroBG359]

Only if you go to dental school in America

[@robertcruzjr.3741]

Such a helpful video. Would you be able to make a video on how the numbers vary based on specialties?

[@jmey]

oral surg video dropping tomorrow 👀

[@ahmed_np]

Great video! What camera and lens are you using?

[@jmey]

thanks Ahmed! Canon SL2 with Sigma 1.4 30mm lens 👌

[@ahmed_np]

@@jmey thank you!

[@evannmm7207]

One day I will become a dentist :)

[@prydegirl]

People ask me what made me become successful. I joke, but really, I was to stupid to quit.

[@kircholagh]

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

[@wholeNwon]

That certainly is not true. Physicians have lost control of the financial aspect of medical practice.

[@yiyangning5016]

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!

[@jmey]

you got it, these are USD numbers. and congrats!

[@ricardorodriguesrr18]

@@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 .

[@ricardorodriguesrr18]

@@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 .

[@ricardorodriguesrr18]

@@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 .

[@uresfffff222]

@@akibkhan5423 biggest liar i internet history

[@milktime8637]

are these figures in USD or Canadian dollars? when you say you made 300k your first year, that was in Canada wasn't it? so Canadian not US dollars?

[@MAtest176]

There's no big difference

[@davidt262]

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]

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]

In Australia, some new dental graduates can make 130,000AUD annually in public dental hospitals.

[@SnowofLight]

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.

[@ashhovhannisyan3926]

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]

Sir how much do you earn now? Plz reply. Thanks a lot.

[@dovidlewis292]

Thanks so much for this video

[@melissakingue6147]

Did you just convince me to become a dentist?

[@jmey]

yep!

[@brucef310]

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.

[@kilnal8514]

what is your store name?

[@brucef310]

@@kilnal8514 Mattress Stop

[@rhonda382]

What do fresh grab orthodontist make in terms of salary working in an office?