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haha, I was looking something up then came along these forums again. Decided to peek through.
haha, I was looking something up then came along these forums again. Decided to peek through.
Is it really that easy to invest?Anyway, in all seriousness, I think you should be looking beyond the 1 million dollars ... Most of your money will not come from dentistry but from the investments that you make during your lifetime. Another way to look at it is whether you plan to work for the rest of your life, or do an early retirement strategy. General dentistry will definitely help you make those investments earlier so that you no longer have to practice (or at least part-time) and you'll be way ahead of your counterparts in the long run.
A 401 k and stuff similar to that then yesIs it really that easy to invest?
Penny stocks, emerging markets, and IPO's?Yes, but the general rule still applies, more risk, more return. Your traditional investment vehicles don't allow you to retire as fast, since a lot of them assume you're going to work for 30 years...
Undergrad: 233k.
Dental: 446k
OMS residency (2 med school years): 104k.
By the time I'll be done with residency I'll easily have over 1M in loans. I'd say between 1.1 and 1.2. Not yet though!! I'll come back if no one beats me to it and this thread is still alive.
This is assuming that your specialist counterparts don't excel in business. I can't see how a highly productive specialist who ALSO runs his business like a true CEO can't collect more than a general dentist with a mean practice.Nope, anecdotal (the worst kind of evidence) - my own experience and comparing myself to other providers and specialists in the area. If you know what you're doing in the business, you'll do better than your specialist counterparts.
This is assuming that your specialist counterparts don't excel in business. I can't see how a highly productive specialist who ALSO runs his business like a true CEO can't collect more than a general dentist with a mean practice.