Pathway to $300 K

[Doctor J all Day]

I graduated in 2020 and have not done a residency, and at this point in my career I am really looking to make some moves and changes. I want to state that money is not my main motivation for my career, but I have set $300,000 as a benchmark. I am fully aware that many dental professionals make significantly more than that. That income goal signifies hard work and planning, and also allows for potential financial freedom.

For those of you have have achieved, or are on the path to achieve this benchmark, what have you done to get there? What are your mistakes, and what are your successes?

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[Ivy.ch]

Take teeth out on weekends, and you will never run out of patients.

 

[redchesus]

I graduated in 2020 and have not done a residency, and at this point in my career I am really looking to make some moves and changes. I want to state that money is not my main motivation for my career, but I have set $300,000 as a benchmark. I am fully aware that many dental professionals make significantly more than that. That income goal signifies hard work and planning, and also allows for potential financial freedom.

For those of you have have achieved, or are on the path to achieve this benchmark, what have you done to get there? What are your mistakes, and what are your successes?

What's your situation now? That'll help us get a sense of how much more you have to go.

$300K is not that difficult for a private practice associate GP doing 4 days/week in my area (urban metro). You mostly have to pick up some extra skills like Invisalign and implants.

 

[PerioDont]

are you an associate now? what skills do you have?

a residency will not get you to 300k, contrary to what dental school faculty may make up.

 

[Big Time Hoosier]

a residency will not get you to 300k, contrary to what dental school faculty may make up.

Big Hoss

 

[PerioDont]

academic esp research faculty are so delusional its crazy. don't believe anything they say if you want to succeed in PP

 

[rippedbx]

I graduated in 2019 and hit $300k 2-3 years out. My recommendations in no particular order:

-Do everything. Yeah I'm not super fast at molar endo and it's not super profitable but patients love that I do it. And get good at full-bony extractions.
-Take a Maxicourse and place implants.
-Any treatment that you don't do today is gone forever. Yeah they'll reschedule but that production is gone forever. Because their rescheduled appointment is taking up the place of some other future production. Always do same-day.
-Get used to being moderately uncomfortable.
-For patients that are really happy, ask em to write reviews and include your name. They're more than happy to.

 

[yappy]

I graduated in 2019 and hit $300k 2-3 years out. My recommendations in no particular order:

-Do everything. Yeah I'm not super fast at molar endo and it's not super profitable but patients love that I do it. And get good at full-bony extractions.

I agree with this, as long as you can do it to the level of your average specialist. If not, please don’t betray your patient’s trust.

 

[Thehighwind87]

I graduated in 2020 and have not done a residency, and at this point in my career I am really looking to make some moves and changes. I want to state that money is not my main motivation for my career, but I have set $300,000 as a benchmark. I am fully aware that many dental professionals make significantly more than that. That income goal signifies hard work and planning, and also allows for potential financial freedom.

For those of you have have achieved, or are on the path to achieve this benchmark, what have you done to get there? What are your mistakes, and what are your successes?

Go buy a dental practice. 300k as an associate means 30% production means you need to produce 1 million dollars of dentistry a year to collect that much.

Do you know how much dentistry that is? That is an insane amount. You will be sitting filling and drilling 24/7 , pushing production, doing a ton of electives (implants, endo), pushing patients for same day treatment, and being uncomfortable. Look at rippedbx. That's 300k for you.

Buy a practice for 1 million $ on 60% overhead- takehome 400k, practices can run on 50/50 hygiene/doc production- which means you have to produce 500k, while hygiene does 500k, means you do HALF the work and take home MORE money then associating. And you don't have to do any molar endo, no endo, no omfs, no implants, just bread and butter dentistry.

I graduated in 2019 and hit $300k 2-3 years out. My recommendations in no particular order:

-Do everything. Yeah I'm not super fast at molar endo and it's not super profitable but patients love that I do it. And get good at full-bony extractions.
-Take a Maxicourse and place implants.
-Any treatment that you don't do today is gone forever. Yeah they'll reschedule but that production is gone forever. Because their rescheduled appointment is taking up the place of some other future production. Always do same-day.
-Get used to being moderately uncomfortable.
-For patients that are really happy, ask em to write reviews and include your name. They're more than happy to.

This associate can do it- but man that is a ton of dental work when you could literally do half the work- while working 4 days a week- and building equity in your own business.