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 :)
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??
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 🤧🤞🏻
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.
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
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 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.
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.
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
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.
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. 👍
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 :)
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 🥰
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
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!
@@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
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.
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.
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!
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.
@@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.
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 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.
@@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.
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.
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)
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.
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.
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 ! :)
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!!
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.
@@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.
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
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
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.
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.
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
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.
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.
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. 💪🏻
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.
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.
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
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.
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.
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.
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.
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 💪
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.
@@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
@@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
@@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.
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!!
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.
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!
@@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 .
@@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 .
@@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 .
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.
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 🤧🤞🏻
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..
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.
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.
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
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.
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.
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
@@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
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.
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!
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.
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
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.
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.
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 :)
Hey I got inspired by your videos to become a dentist , I’ll start applying in a week, wish me luck!
@@yadahmed8850 GL!!!
@@jmey Hey I only got 45.30%. Can I study dentists in bachelor? I want to study dentist, how can I study?
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??
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 🤧🤞🏻
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.
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.
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.
Its the security more than the money, knowing you will always have a job in the future is the best thing
Not just a job but a job that will always keep a roof over your head and food on the table.
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
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)
what was a typical day? please and thank you.
well obviously when you make 800K, you move fast
@@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.
And and engineer that makes 70-80k is just sleeping on the job all the time right?
@@anvldiy28 in what city was that? I’m really curious to know what city/town you guys worked in
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.
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
Agreed, the freedom of being debt free is huge! After that, just stability is all you need.
It only takes a year to pay off the debt.
@@jimj2683It really doesn’t if you have 500k of debt..
It’s about time someone made a video like this. Thank you sir
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.
Dentistry can be a fun intersection of clinical care with business, join us!
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. 👍
ty for your support!
Me too
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 :)
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 🥰
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
dentistry definitely feels the most entrepreneurial medical field.
it certainly attracts a lot of entrepreneurial minded people, though not all!
Thank you for making such high-quality content! I hope you're able to continue making videos for years to come.
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
^this is a great playbook for new grads, I co-sign this
Wow that is something to definitely keep in mind
How can we find opportunities in rural areas ?? Also which state pays better ??
@@jmey hey man just wanted to ask if your a general dentist
@@jewelz7973 yep!
future dental student here ! love your videos man. thanks for the insight
ty! Glad you're enjoying them and I appreciate your support!
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
Sir how much do you earn now as a dentist? Plz reply. Thanks a lot.
do you work in a hospital or clinic?
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!
🙏 thanks Tehaum
From PAT help to career help, you’ve been with us at every step of the way!
we're on the journey together :)
The real money in dentistry is made in owning your own space, and renting it out to other dentists who will pay a fortune.
this is a solid move
Practice owner here. Doing well working 35 hrs a week.
doing well by doing good :)
Do you ever have to work at home?
@@jerrishjesupillai8628 sometimes you might think about a case after hours. but for the most part, dentistry stays at the clinic
Once you finished dental school did you start working straight away or did you specialise?
@@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
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.
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.
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.
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
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!
Glad it was helpful!
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.
@@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.
Interesting video. I'm all for recent grads to know more about finances and having good financial education. Subscribed!
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.
dentistry is different but not over in my opinion, ruclips.net/video/_j2ncopii7Q/видео.html
@@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.
@@tbd1613 thanks George, appreciate you contributing to the discussion!
@@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.
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.
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)
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.
america home of the slave
This is a great video! In my last year of school, most are making $150-200k starting salary
@@pikusarker1359 no
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.
thanks for the input Gabriel! check out my video on Is Dentistry Still Worth It for my thoughts on this too :)
I regret dentistry lol
@@DrWendy why is that ?
Dr Gabriel Ponce sir how much do you earn now as a dentist? Plz reply. Thanks a lot.
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 ! :)
thank you Ducharme! enjoy the journey :)
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!!
Sir how much do you earn now as a dental assistant? Plz reply. Thanks a lot.
Can I have some info ab this?
This is an awesome video and I love your transparency!
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.
You just got a new subscriber. Love your videos and commitment to helping people :)
🙏 thank you Garret! happy you're joining us
Thinking about taking this career, it pays very well and something that I would enjoy.
It holds a lot of responsibilities too
@@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.
I’m so happy I found your channel I loved your bootcamp videos too, thank you for all you do!!
ty so much Nicole! appreciate your support!
Me just staring at his clean teeth entire time
$290k for a practice owner seems a lot less than i thought to be hoenst
Same!!! Is it bs
Thanks for making this. It's weird how much the dental articles and blogs beat around the bush about their income.
🙏
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
@@akibkhan5423 which no one will ever show
@@paulewannacrackr is that a good thing or bad thing ?
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
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.
hi! are new grads also working ~60 hours in australia?
Kech sir how much do you earn now as a dentist? Plz reply. Thanks a lot.
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.
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
That certainly is not true. Physicians have lost control of the financial aspect of medical practice.
I remember you from somewhere big?! DAT Bootcamp?....Currently in dental school because of your help, big thank you
thanks for sticking around :) glad you're joining us in the profession
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.
thanks so much Mazin, I really appreciate the support! gl with your DAT, you got this 💪
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.
you gotta think different if you want different results
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. 💪🏻
that's great! very different jobs though, wouldn't be for everyone (and the same could be said about dentistry for you likely)
Thanks so much , I am a german dentist, I learn a new perspective on my job here.
Bless you Joel for the treasure trove of knowledge you bring us 🙏🙌
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.
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.
congrats!
Joel Meyerson lol what?
Iffy, what is your salary?
@@drdwgmd14 just over $90K
@@Iffy50 exactly im a courier and make between 60 and 70k its not worth it
I assume this video applies to the USA? Similar in Canada?
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
with corporate structures you can reduce your tax burden significantly. find a good CPA
I got a 25 on PAT because of watching your videos, much love!
❤️and congrats on your future acceptances :)
Great content brotha! Keep it up!
Oral surgeon here. Making close to 2 mils a year. Life is good.
How much before and after taxes? 😂
@@etamlous top secret. 😂
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.
@@scrillathekid5562 if you think I pay 50 percent taxes, you must be out of your mind.
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
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
@@RG-hf4et agreed
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.
Yeah I got stuck on that as well. Huh?
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.
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.
Here you go guys:
New grad 125,000-200,000
Established dentist 150,000- 400,000(super dentist)
Practice Owner sky is the limit
After tax would be??
Love your videos but the music was a bit too loud to hear here. Thank you for your content!
Seeing Joel triggered me and made me think about the PAT section of DAT Bootcamp 😂
lol
Thanks so much for this.!!!! 🙌🏾
Great video! I start dental school in Aug and one thing I am worried about is the amount of debt I will be in.
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 💪
Apply for HPSP or NSHS Scholarship if debt is a concern.
@@dentreveal3820 I will apply but those scholarships are very competitive.
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.
check my video on if dentistry is still worth it ;)
That's if you live in America lol
Pretty sure that number is way off. Medical school is $200,000-$300,000. I doubt dentists owe more.
@@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
@@stephenchavez5318 Go look at Dental school tuition. 550-600k is the norm.
My mind is officially blown 🤯🤯🤯
Screw becoming an MD or DO, I should just become a DMD or DDS
👋welcome
Good luck if you're just doing it for the money 🤡
@@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
@@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
@@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.
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!!
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.
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!
you got it, these are USD numbers. and congrats!
@@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 .
@@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 .
@@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 .
@@akibkhan5423 biggest liar i internet history
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.
this is so useful thank you so much. It really helps me to determine if I want to pursue this career
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 🤧🤞🏻
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
Very informative man.
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..
Simplistic. People love what they are become good at. Might as well become good at something that pays well.
Real truth is money no matter how much people give BS about social work.
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.
what is your store name?
@@kilnal8514 Mattress Stop
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.
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.
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
In Australia, some new dental graduates can make 130,000AUD annually in public dental hospitals.
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.
Very informative. Thank you
I work 2 hours further west of Wawa....its a beautiful place to begin your career....
Woah, cool! Marathon / Terrace Bay? Driven through those parts many times
Appreciated ❤
New subscriber 🎉
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.
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
it me
You say those Big numbers but then there is taxes :(
Death and taxes. Equipment depreciation, real estate write-offs, etc. help a lot.
salaries vary by location. SoCal grads 25% adjusted production is normal with some corporate offering even less
Damn that sucks lol
@@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
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
appreciate your support! and thanks, good feedback
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.
$5 million is loans?
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.
Such a helpful video. Would you be able to make a video on how the numbers vary based on specialties?
oral surg video dropping tomorrow 👀
Can you make a video to compare between dentist(DMD) vs medical doctor(MD) in work-life balance or income?
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!
EXACTLY THE VIDEO I NEEDED!!!!!!!! THANK YOOOUUUUUUUUU
Great video! What camera and lens are you using?
thanks Ahmed! Canon SL2 with Sigma 1.4 30mm lens 👌
@@jmey thank you!
One day I will become a dentist :)
People ask me what made me become successful. I joke, but really, I was to stupid to quit.
you are the man joel!
back at ya Sam!
Great video, and what about different specialties?
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.
Sir how much do you earn now? Plz reply. Thanks a lot.
had to check and make sure it wasn't playing at 1.25x speed
lol, and here I am thinking I'm too slow!
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
check out my video on Is Dentistry Still Worth It - ruclips.net/video/_j2ncopii7Q/видео.html
great video man!
Appreciate it!
Btw do those electric toothbrush really help clean teeth??
Haha - seriously though. Waiting . . .
Yes.. they do wonders on your gums too. Electric is great. (I’m not a dentist)
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.
always appreciate hearing from those "doing it" Eddie, thanks for your comments and perspective.
Did you just convince me to become a dentist?
yep!
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.
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!
😳😬😁