I know a Doc who did it all via Dave Ramsey’s plan & she & her husband own their own practice & are debt free! To this day she still drives the car she drove 13 years ago in Med school that needs a paint job, but she’s debt free!!
My Honda Element is 17 years old, since I was in college. My friends make fun of me, since they have newer cars with debt. I'm debt free and I'm going to drive this thing to the ground. Also, buy Honda.
Did she open a Pill Mill and overdose most poor rural poor folks? That’s what most c grade Ramsey listening doctors do..best way to pay debts.Vicodin and oxycodon..even better..get a job with VA and deny veterans care..
@@komrad4life the best thing about our Elements is we can live in them if needed 🤠 I love this car! Mine is an 06 and I will drive it till I can't anymore
They make $400K. Live like you make $100K and pay off the debt. Simple as. Amazing how some people are unwilling to live on less than they make, even when they make such a high income. And this joker wants to go into more debt to make an extra $37K a year?
I couldn't believe my ears. How privileged of a person you must be to make so much money and not be willing to live under that. There are people who would KILL to have the option to live on 100k. The decision should have been a no-brainer, I can't believe they had to call Dave Ramsey to do it.
Just paid off my student loans. Now on to car payment... just watching videos have kept me on track.. definitely not following the exact baby steps, but it seems to work
@@AnnaBulaklak369 It all starts when you buy into a development. Best to buy remote and not live next to the Jones. That way you can't compare to anyone. And no social media
He literally wasn’t worried at all for this couple… I don’t understand what you were listening to. All he said was it’s unwise to go into more debt when they are already 500k in debt which is smart.
One time I went to a dental appointment and got there a little before the office opened. Th secretary pulled up in a new Mercedes and the young dentist pulled up in a 20-year-old minivan.
I hate when people just don't answer the question. Dave: "What do you think you are gonna make this year?" Lady: "Well I'm bringing in 2000 to 5000 a month and maybe 500 more off my bake sell cookies, OH and there is 390 dollars a month off my Lyft driving.."
As a tax CPA, the dentists are also the ones that always end up with the most ridiculous court cases coming out. Every time I read a brief that has some stupid tax "strategy" IT'S A FREAKING DENTIST
@@AlecArtComics Exactly! They make the money they just need to be disciplined enough to buckle down and attack that debt, meaning no unnecessary spending .
She needs to get a job, she would bring more money in by working for someone else. At least he’s buying into a practice oppose to starting one from scratch. What she did was dumb and wreck-less.
My friend went to dental school and the cost seems higher because they have more lab and hands on learning, tool kits, surgical training and stuff to advance through each year. Idk about medical but it seemed substantial
That makes sense. Also, it seems harder for dentists to become employed dentists versus opening their own practice. Almost every dentist I've ever been to has owned their own practice.
It just boggles my mind how people can make so much money but still have a house payment? You literally have enough money to pay cash for a home after one year. Why do you need a house the size of Manhattan?
@@MrBacon-ou1kw only the super rich are losing 40-50% in taxes. If you make under 230k, your tax bracket is 22-32%. Still plenty of money to pay off your student loans and home in 6 years
Y'all are chilling, you have a big shovel for this. Just cut your lifestyle way back, don't keep up with the Jones and you see this vanish in a few years
I did not hear in the call what the breakdown of the $500k student loan debt between him and her. She's only bringing in $2-4k per month currently, so that's not $100-150k annually yet. Maybe it will be in a year or two, but not in 2022.
Just because people make lots of money, doesn’t guarantee they’re going to be fine. If you make stupid decisions that exceed your ability to cover them, you’re not going to be fine.
I've done a lot of stupid sh!t in my past but the best thing I have ever done is when I got a really well paying job I did not change my spending habits. I was saving about 2/3rds of my income and I was still earning less than a lot of my colleagues who were to their ears in debt.
Serious question. I’m a D3 at USC and I agree with Dave student loans are awful and should be avoided at all cost. But the dental school tuition is a little over $500K. Unless you receive a highly competitive military scholarship, how can someone avoid these student loans? Without taking out these loans there’d be a 85-90% decrease in the amount of graduating dentist/physicians.
DUDE why USC, its so expensive!! I am going to Ohio State and I only leave with like $250,000 (Because I will live with my parents). But come on 500k I would really not be able to sleep at all at night if ever had that much debt. Like 250k debt maybe close to 290,000 with interest but if I am making 160k a year after I graduate. I would easily pay it off in like 4 years
@@Zaid-lt2zg lol yeah man. Congratulations on getting into dental school bro. I was accepted to multiple schools, but the wife was pregnant and all of our family is in So Cal. Being debt free is awesome but paying off $500k student loans in a matter of 8-10 years is simply unrealistic. I was advised to enter the SAVE plan and just prepare for the tax bomb after 25 years. I plan on practice ownership. I’m not worried at all about the debt though, God helped me to become a dentist and I know his plans are far more intricate than I can imagine.
You two will be fine. Be disciplined then continue to use your huge shovel to pay off your house after your debt is gone . You will have a ton of money in several years🥰
Really? I was just looking at places in Portland and the average rent is $1850. I'm making six figures (though not as much as this couple) and it seemed perfectly doable when I did the math.
I did a few things differently- no regrets. Lived very modestly during med school. Started paying off the loans during residency- not easy for a family of four however we managed. My colleagues were driving new cars, buying houses. I kept my 16 year old truck. First " real" doctor job- maintained same modest lifestyle. Rented a house, kept the older vehicles. Put every possible dollar towards those student loans. The original $120K balance upon med school graduation was down to $75K when I finished residency. Within a year I paid off ALL student debt. We purchased a decent house ( NOT the typical " doctor house" ). Kept the older vehicles as they still ran perfectly. I later found out some physicians actually COMPLAINED about my " ugly truck" parked in staff parking. HA! Within 3 years I still had that old truck and a paid off mortgage. No regrets.
W'hat are you going to make? I take a percentage. How much are you going to make? We pay 2700 for our house mortgage. How much are you going to make, About 100K. So with $430K per year you can pay this down really fast.
Is it true that if you have no debt and you marry a person with high student debt and there’s a divorce, the default is that you walk away with 50% of their student debt? Does a pre-nup protect from this? Otherwise, what would prevent someone from marrying someone for a year just to hand off half of their student debt?
Student loans taken out before the marriage remain the sole responsibility of the person who took them out, even after divorce. Student loans taken out during the marriage may be considered marital debt, depending on the state.
I find it selfish that he helped her pay to open her practice and now that he wants to buy in to a practice she discovers Dave and tattled on him. Lol I don’t agree with him opening his own practice due to the debt but I can see the double standard and why he feels salty.
I would live at my practice and in my van, get out of the house, sell everything in it, buy a paid off van, and live off of ramen, veggies, rice, beans, water and pay off those student loan asap.
Stop repeating the question before you answer it. Just answer it. My wife and I make the same amount of money as this couple and we have zero student loan debt. You don’t need a medical degree to make over 300k as a household.
difference probably is their incomes are going up rapidly because they both have/will have ownership of their practices. According to what they said their income is going up about 100k a year. They can make millions with their own practices. I'm not saying other people can't, but it's a lot harder to do otherwise.
A newly qualified dentist is being ridiculous to get their own practice without having lots of experience of working first. There are so many things to learn about the industry before creating your own business and then your chances of success will be higher - plus the debt thing. If they invest money, they could save up in less time than it takes to gain that experience and JUST THE FACT that going into so much debt doesn't bother him is a sign that he won't be able to manage the business money unless he's lucky enough to never have low periods at work.
Him going into practice does not mean he will have other dentists working for him. But why is he complaining about him wanting to go into practice. But didn't say anything when she opened her own business?
Why are the dentists so numb with borrowing? The issue is with the dental school forces people to borrow irresponsibly and not make a sound financial advice.
It’s not so easy just to say go buy another practice. The dental employment contracts prevent you from taking your patients with you to another practice and also prevent you from practicing in a certain radius. So you built up your clientele/reputation in one practice and can’t transfer it, you’re starting at nothing again.
This is exactly why some dentists push more sales and services, look for more ways to increase income and feel like they need to charge excessive rates. When you strap yourself with high debt then you feel temptation to do things that are not in the best interests of others.
yup... dentists above any other medical profession I don't trust the most. Everyone else seems to push you away when you want to get more tests or want to have more appointments but dentists always push you into things that you obviously don't need. I seriously hate going to to the dentist.
That's why they are always pushing the cosmetic procedures. Regular dental work (fillings, etc) payments are somewhat limited by insurance and mired down in paperwork, which requires expensive office staff. Cosmetic is much more profitable.
I agree. I'm always suspicious of the dentist when they push things beyond my routine cleaning and maintenance. Sometimes, they've been right, and many times, I saw through the b.s.
Idk I know a dentist who is 8 years out of dental school . Built his own practice , then a second one, built a million dollar home in Charlotte , trips, Private schools . It’s wild to see
ONLY WAY TO be successful is to BUY INTO THE PRACTICE!!!! As a dentist this is the only way.......I have bought 3 started 3. They both have their issues but as someone who is only TWO years into private practice I would encourage you to purchase your practice. I paid my student loan and business loans off totaling 3.5 mill in 2 years......BUY INTO THE DENTIST
Can Dave please let his co-hosts talk and get a word in? Sometimes I wonder why he has them around. I like his advice but wish he'd let his co-host get more than half a sentence in or just be solo.
There's portions where the current co-host with Dave or not, speaks perfectly enough. Usually half way through the vid (Not the streams) the opposite puts their input in afterwards. The noobies just new
Because Dave knows how to give real advice and mix it with world problems. All she's gonna say is don't do it because ur in 500k in debt. They have to feel fear
I would be happy with the interest being forgiven instead until 2028. I don't mind paying off my own student loans, it's the interest that's killing me.
that's it... save as much money as you can, get as close to zero debt as you can... and be ready to buy up real estate, stocks and other assets when things get really bad
Work 6 days a week for now. Please consult a CPA and tax attorney to get yourself set up to make the most of your income and lessen liability and taxes.
Hi, Dave - I have been a big fan of your work for over a decade, and I really appreciate the fact that you share your wisdom with us on a daily basis. I must ask, though, that you stop taking God's name in vain. Please be more mindful of your speech. It is evident that you have a real and genuine love for God, so please be more reverent in regards to His Holy Name. May God bless you, good sir! Blessed be the Name of the Lord. Blessed be God. Blessed be His Holy Name.
NP, FNP and others are prescribers in every state and many states allow them to have their own practice as long as they have an agreement with an MD that sort of oversees it. It's extremely common and will only be more common in it future.
It's interesting how she needed Dave Ramsey to tell her that her husband shouldn't buy into his practice when they have that debt. Surely that was commonsense?
She already knew it, she didn't need Dave Ramsey to tell her, but she wanted Dave Ramsey to convince her husband. And from his side conversations, I doubt he was convinced and he will go ahead any buy into the practice regardless of what his wife or Ramsey thinks.
@@thelogicaldanger Yep, it sounded like he was in the room with her and arguing with Dave by proxy. That's an enormous commitment to take on when your spouse is not on board!
Buying into a practice is the fastest way to pay off debt. Dave would also tell him not to go to dental school until he saves up $400k to do so. Sorry Ramsey advice for broke idiots doesn't apply the same way for highly skilled and compensated professions
I know a Doc who did it all via Dave Ramsey’s plan & she & her husband own their own practice & are debt free! To this day she still drives the car she drove 13 years ago in Med school that needs a paint job, but she’s debt free!!
My Honda Element is 17 years old, since I was in college. My friends make fun of me, since they have newer cars with debt. I'm debt free and I'm going to drive this thing to the ground. Also, buy Honda.
@@komrad4life I had a CRV, was a great car
They’re smart 😃Honestly why buy a car when you don’t have to. It’s an awesome feeling driving a car that you don’t owe anything on😆
Did she open a Pill Mill and overdose most poor rural poor folks? That’s what most c grade Ramsey listening doctors do..best way to pay debts.Vicodin and oxycodon..even better..get a job with VA and deny veterans care..
@@komrad4life the best thing about our Elements is we can live in them if needed 🤠 I love this car! Mine is an 06 and I will drive it till I can't anymore
They make $400K. Live like you make $100K and pay off the debt. Simple as. Amazing how some people are unwilling to live on less than they make, even when they make such a high income. And this joker wants to go into more debt to make an extra $37K a year?
The taxes on 400k income is huge...
I would.
I couldn't believe my ears. How privileged of a person you must be to make so much money and not be willing to live under that. There are people who would KILL to have the option to live on 100k. The decision should have been a no-brainer, I can't believe they had to call Dave Ramsey to do it.
@Bells perhaps it's their friends , entourage
@@yellowhouseport18 She sounded annoying af... felt like she was here to humble brag than actually seeking advice...
Just paid off my student loans. Now on to car payment... just watching videos have kept me on track.. definitely not following the exact baby steps, but it seems to work
congrats on that!🤗 If you don't mind how much student loan debt did you pay off?
Just wait till your taxes go up because you have to pay the student debt of other people too.
(Student loan forgiveness)
Ah yes, the American Dream....they will be house poor soon enough to impress their friends and increase their debt...the slide begins
I pray pray pray they don't go down that road.
@@midkort No one wants to go down that road.
She could work on Saturday at her practice or bedside in the hospital. He could work on Saturdays. Bust it out. $2800/month mortgage. 👎
Or they could be as rich as fauci and get hire by the next Ukraine supporting Republican to head the CDC
@@AnnaBulaklak369 It all starts when you buy into a development. Best to buy remote and not live next to the Jones. That way you can't compare to anyone. And no social media
Even without the debt, it is not worth the risk to open up your own practice for only 37k more per year.
They are golden without buying into the practice.
Nothing says "fun" while running a business and just making a little more
"That amount of debt is beyond optimism it's fantasy land" 🤣
As you read this, that guy is buying the practice
Sad but true (probably).
500 thousand is pretty typical for a doctor couple. If Dave Ramsey only counseled physicians, he'd have a heart attack
He literally wasn’t worried at all for this couple… I don’t understand what you were listening to. All he said was it’s unwise to go into more debt when they are already 500k in debt which is smart.
FWIW: She's a nurse practitioner and he's a dentist. Neither are physicians(M.D.'s)
@@3ofus135 dentists are doctors of dentistry and NP’s may acquire their doctorate degree as well.
@@TheCuriousPsych they don’t earn nearly as much and for an NP their doctorate is in Nursing not Medicine
@Pretty Subliminals Sorry but atleast in the US the term physician is legally protected and only reserved to people holding MD or DO degrees.
One time I went to a dental appointment and got there a little before the office opened. Th secretary pulled up in a new Mercedes and the young dentist pulled up in a 20-year-old minivan.
I hate when people just don't answer the question.
Dave: "What do you think you are gonna make this year?"
Lady: "Well I'm bringing in 2000 to 5000 a month and maybe 500 more off my bake sell cookies, OH and there is 390 dollars a month off my Lyft driving.."
Husband makes 330k and they can't figure out how to pay off 500k debt.
Right.
Right! It doesn't make any sense.
Smh tell me about it
They need to pay on 330k easy 40% tax and on top need to live....probably not as much left to pay of the debt so fast...
They cannot apply fourth grade math to fix their debt situation
“I drink your Kool-Aid“, she doesn’t understand the concept of Kool-Aid drinking, I don’t trust her judgment.
As a tax CPA, the dentists are also the ones that always end up with the most ridiculous court cases coming out. Every time I read a brief that has some stupid tax "strategy" IT'S A FREAKING DENTIST
Wow smh
I'm worried about this matter. This could be a lesson for everyone, thanks to this channel.
Some people NEVER learn.
I don’t know how anyone can sleep at night with that much debt….
They make 400k
@@AlecArtComics Exactly! They make the money they just need to be disciplined enough to buckle down and attack that debt, meaning no unnecessary spending .
You don't. You pretend to sleep. Instead you just wonder how you got there.
They will think if it’s for the American dream, it’s worth it
That's pretty typical for the average doctor. Most are at least a quarter million in debt after medical school
Who feels sorry for them? No one!
I feel sorry for them...Throw them a lifeline...after 10 years of public service write off their debt!
They make $400k
Absolutely not
Fuck no
Work together guys!! Don’t let him do it!! And you can attack this debt eventually!! Beans and rice!!
I have a feeling he's still going to buy into the practice.
lol beans and rice got few vitamins my dude
the worst thing he did was marry "her"
She needs to get a job, she would bring more money in by working for someone else. At least he’s buying into a practice oppose to starting one from scratch. What she did was dumb and wreck-less.
My friend went to dental school and the cost seems higher because they have more lab and hands on learning, tool kits, surgical training and stuff to advance through each year. Idk about medical but it seemed substantial
That makes sense. Also, it seems harder for dentists to become employed dentists versus opening their own practice. Almost every dentist I've ever been to has owned their own practice.
This is why I just paid $500 for one filling.
Dave didn't tell them to deliver pizzas. 😅😅
That's because they don't have an income problem.
@@midkort It was a joke. lol
@@stevenporter863 Well played. :-)
Cause you're too good for that if you work in medicine according to Dave
He is getting soft on his old age
I owe $15k on my house and I can’t wait to pay it off!! Imagine $500k😳😳🤦♂️🤦♂️
Did you get your house paid off? Congrats!
@@pep590 Yes, life is better now!
Well done 🔥
Dude they could be SO wealthy.
LOL..she keeps asking Dave if hes ready like its his debt. LOL
🤣
Right.🤓🤓🤓🤓
Y'all 🤣🤣🤣
It just boggles my mind how people can make so much money but still have a house payment? You literally have enough money to pay cash for a home after one year. Why do you need a house the size of Manhattan?
Taxes, sir
@@stud6414 your answer didn't clarify anything.
they're losing 40-50% of that money in taxes, plus they have 500k of student debt to pay, which by the way is putting on interest every single year.
@@MrBacon-ou1kw only the super rich are losing 40-50% in taxes. If you make under 230k, your tax bracket is 22-32%. Still plenty of money to pay off your student loans and home in 6 years
Since when does a dentist make $330k? My buddy makes $180k as a general dentist, I'm guessing he's an orthodonist or something like that.
It's possible. In a major city and specializing
All dentists don't have to make what your buddy makes. Some higher, some lower.
330 totally doable.
Both of my dentist friends make $350K
I am an Optometrist making $220K in an employed position. Dentists can make more in private practice.
Y'all are chilling, you have a big shovel for this. Just cut your lifestyle way back, don't keep up with the Jones and you see this vanish in a few years
I did not hear in the call what the breakdown of the $500k student loan debt between him and her. She's only bringing in $2-4k per month currently, so that's not $100-150k annually yet. Maybe it will be in a year or two, but not in 2022.
Yeah, why is her income so low? I was surprised by that.
Yup not even close. I’m at $100k and my take home is $5200/mo. $4k is closer to $80k/yr.
Yeah I didn't get that math
$400k+ a year income ........ Hang the phone up!
They're gonna be fine.
Just because people make lots of money, doesn’t guarantee they’re going to be fine. If you make stupid decisions that exceed your ability to cover them, you’re not going to be fine.
@@spankynater4242you can make a million dollars, but if you spend two million dollars, you’re in trouble.
I’m gaining experience to eventually get my income up.
The other dentist wants a partner cause he wants to get himself out of debt by making you pay for his stupid
nice advise ; pretty spot on, hope they heed to the advise ;
The way my dentist bills my insurance, and then bills me, I'm suspicious if he's 500k in debt! Lol
Great advice!!!!!
Bet the have nice cars and go on very nice vacations. Guaranteed.
They ain’t driving Rav-4’s that’s for sure 😂
Dentist, Chiropractors and Physical Therapist beware! Do your research and don't fall for the debt trap. 🙏🙏🙏
Never clicked so fast in my entire life!
She paid off all the other debts, but never paid the student loan. Well, I guess it’s time to pay off that student loan. 😂
I've done a lot of stupid sh!t in my past but the best thing I have ever done is when I got a really well paying job I did not change my spending habits. I was saving about 2/3rds of my income and I was still earning less than a lot of my colleagues who were to their ears in debt.
In debt up to their eyeballs .
Serious question. I’m a D3 at USC and I agree with Dave student loans are awful and should be avoided at all cost. But the dental school tuition is a little over $500K. Unless you receive a highly competitive military scholarship, how can someone avoid these student loans? Without taking out these loans there’d be a 85-90% decrease in the amount of graduating dentist/physicians.
Exactly why I didn't go to USC for dental school but good luck after graduation.
@@TF-ff7ir good luck to you as well.
DUDE why USC, its so expensive!! I am going to Ohio State and I only leave with like $250,000 (Because I will live with my parents). But come on 500k I would really not be able to sleep at all at night if ever had that much debt. Like 250k debt maybe close to 290,000 with interest but if I am making 160k a year after I graduate. I would easily pay it off in like 4 years
Plus, my salary could go up to 200k in 4 years so very doable
@@Zaid-lt2zg lol yeah man. Congratulations on getting into dental school bro. I was accepted to multiple schools, but the wife was pregnant and all of our family is in So Cal. Being debt free is awesome but paying off $500k student loans in a matter of 8-10 years is simply unrealistic. I was advised to enter the SAVE plan and just prepare for the tax bomb after 25 years. I plan on practice ownership. I’m not worried at all about the debt though, God helped me to become a dentist and I know his plans are far more intricate than I can imagine.
"First world problems" lol. That summed up nicely this segment
You two will be fine. Be disciplined then continue to use your huge shovel to pay off your house after your debt is gone . You will have a ton of money in several years🥰
Yes, good advice!!
I'll wish I could struggle by on 100k a year lol
@JosephineP nope.
Don't wish, just make it happen.
About all my dentist does anymore is clean my teeth, anything else that's needed I have to go to a specialist.
The hygienist clean my teeth. My dentist just takes a flashlight look into my mouth and say, "You're good, see you in 6 months".
$100K in Portland is impossible. Living 30 minutes away from it though... that's achievable
Really? I was just looking at places in Portland and the average rent is $1850. I'm making six figures (though not as much as this couple) and it seemed perfectly doable when I did the math.
I'm just gonna finish community college. Lol.
Nice. 😀😎😎😎😎
I did a few things differently- no regrets.
Lived very modestly during med school.
Started paying off the loans during residency- not easy for a family of four however we managed.
My colleagues were driving new cars, buying houses. I kept my 16 year old truck.
First " real" doctor job- maintained same modest lifestyle. Rented a house, kept the older vehicles. Put every possible dollar towards those student loans. The original $120K balance upon med school graduation was down to $75K when I finished residency.
Within a year I paid off ALL student debt. We purchased a decent house ( NOT the typical " doctor house" ). Kept the older vehicles as they still ran perfectly. I later found out some physicians actually COMPLAINED about my " ugly truck" parked in staff parking.
HA!
Within 3 years I still had that old truck and a paid off mortgage.
No regrets.
Interesting. Very interesting. Great video!
W'hat are you going to make? I take a percentage. How much are you going to make? We pay 2700 for our house mortgage. How much are you going to make, About 100K. So with $430K per year you can pay this down really fast.
After eleven years, debt free dentist here😊
11 years!!! OMG, how much debt did you have ? and how much did you make ? I am planning on paying it all off in like 5 years
The Dude should have joined the Army! The military will forgive a portion of the student loan !!!
The Dude should shut-up and work and pay off his debts !!!
Let the co-host talk Dave
Is it true that if you have no debt and you marry a person with high student debt and there’s a divorce, the default is that you walk away with 50% of their student debt? Does a pre-nup protect from this? Otherwise, what would prevent someone from marrying someone for a year just to hand off half of their student debt?
Student loans taken out before the marriage remain the sole responsibility of the person who took them out, even after divorce. Student loans taken out during the marriage may be considered marital debt, depending on the state.
@ Thank you! Do you have any citations? Is this true in all states?
I find it selfish that he helped her pay to open her practice and now that he wants to buy in to a practice she discovers Dave and tattled on him. Lol I don’t agree with him opening his own practice due to the debt but I can see the double standard and why he feels salty.
More time,more interest
I would live at my practice and in my van, get out of the house, sell everything in it, buy a paid off van, and live off of ramen, veggies, rice, beans, water and pay off those student loan asap.
That really wouldn't be required in this situation
If these kids don't listen to Dave, they are going to be living in a van, DOWN BY THE RIVER!
Stop repeating the question before you answer it. Just answer it.
My wife and I make the same amount of money as this couple and we have zero student loan debt. You don’t need a medical degree to make over 300k as a household.
What do you do for work?
@@nealp885 I’m an enterprise architect and cyber lead.
But you need medical degrees to be a doctor
difference probably is their incomes are going up rapidly because they both have/will have ownership of their practices. According to what they said their income is going up about 100k a year. They can make millions with their own practices. I'm not saying other people can't, but it's a lot harder to do otherwise.
Nothing urks me more than someone that can't directly answer a question.
A newly qualified dentist is being ridiculous to get their own practice without having lots of experience of working first. There are so many things to learn about the industry before creating your own business and then your chances of success will be higher - plus the debt thing. If they invest money, they could save up in less time than it takes to gain that experience and JUST THE FACT that going into so much debt doesn't bother him is a sign that he won't be able to manage the business money unless he's lucky enough to never have low periods at work.
She better get a restaurant job because that’s the only time she will see the inside of one.
What is restaurant😁
Him going into practice does not mean he will have other dentists working for him.
But why is he complaining about him wanting to go into practice. But didn't say anything when she opened her own business?
I thought she was going to say "divorce."
I thought it was going to be "He wants to be a stay at home dad."
I thought it was "he wants to buy a $1M dream home" lol
Hes definitely gonna buy into the practice
The good news is we get to paid off our student dental loans. The bad news is you need a crown.
Why are the dentists so numb with borrowing? The issue is with the dental school forces people to borrow irresponsibly and not make a sound financial advice.
It’s not so easy just to say go buy another practice. The dental employment contracts prevent you from taking your patients with you to another practice and also prevent you from practicing in a certain radius. So you built up your clientele/reputation in one practice and can’t transfer it, you’re starting at nothing again.
What made him think he was going to obtain a high paying job?
This is exactly why some dentists push more sales and services, look for more ways to increase income and feel like they need to charge excessive rates. When you strap yourself with high debt then you feel temptation to do things that are not in the best interests of others.
yup... dentists above any other medical profession I don't trust the most. Everyone else seems to push you away when you want to get more tests or want to have more appointments but dentists always push you into things that you obviously don't need. I seriously hate going to to the dentist.
That's why they are always pushing the cosmetic procedures. Regular dental work (fillings, etc) payments are somewhat limited by insurance and mired down in paperwork, which requires expensive office staff. Cosmetic is much more profitable.
I agree. I'm always suspicious of the dentist when they push things beyond my routine cleaning and maintenance. Sometimes, they've been right, and many times, I saw through the b.s.
lol poor doctors gotta love it
Idk I know a dentist who is 8 years out of dental school . Built his own practice , then a second one, built a million dollar home in Charlotte , trips, Private schools . It’s wild to see
Who is the personality with Dave in this video?
Need to live like your earning bare minimum - attack that debt.
A stressed out dentist pulling out your tooth. Ouch.
Dentists have the highest rate of suicide among medical professionals.
He doesn’t seem that stressed out. He seems pretty footloose and fancy free.
ONLY WAY TO be successful is to BUY INTO THE PRACTICE!!!! As a dentist this is the only way.......I have bought 3 started 3. They both have their issues but as someone who is only TWO years into private practice I would encourage you to purchase your practice. I paid my student loan and business loans off totaling 3.5 mill in 2 years......BUY INTO THE DENTIST
Can Dave please let his co-hosts talk and get a word in? Sometimes I wonder why he has them around. I like his advice but wish he'd let his co-host get more than half a sentence in or just be solo.
they have to be assertive
There's portions where the current co-host with Dave or not, speaks perfectly enough. Usually half way through the vid (Not the streams) the opposite puts their input in afterwards. The noobies just new
Because Dave knows how to give real advice and mix it with world problems. All she's gonna say is don't do it because ur in 500k in debt. They have to feel fear
And people want taxpayers to pay off their massive student loan debt.
I would be happy with the interest being forgiven instead until 2028. I don't mind paying off my own student loans, it's the interest that's killing me.
The Party knows how to buy votes with our confiscated earnings.
What difference does it make? We pay off the government’s debt all the time
Right ?? These dummys so delusional..
my cousin is 150,000 in student loan debt and they think the government is going to judge forgive it
Oh god, I just gotta ask what her degree and what job
They took out the loans, pay it back. No bail outs.
That’s why dentist are so expensive, people like this!
but why did she get to open up her practice?
She's a woman, so Dave just glossed over that part.
What should I do to protect my capital as we enter this recession?
Just lower your lifestyle, payoff debt and save a ton. So when the rocket hits there will be damage but not as much.
that's it... save as much money as you can, get as close to zero debt as you can... and be ready to buy up real estate, stocks and other assets when things get really bad
YOLO on $spy puts bubba
DIDIY
Wish we had her problems we wouldn't be calling the show just use common sense
Work 6 days a week for now. Please consult a CPA and tax attorney to get yourself set up to make the most of your income and lessen liability and taxes.
It will take a over a decade to buy a house in cash
Dear John..........
Hi, Dave - I have been a big fan of your work for over a decade, and I really appreciate the fact that you share your wisdom with us on a daily basis. I must ask, though, that you stop taking God's name in vain. Please be more mindful of your speech. It is evident that you have a real and genuine love for God, so please be more reverent in regards to His Holy Name. May God bless you, good sir! Blessed be the Name of the Lord. Blessed be God. Blessed be His Holy Name.
Could she talk any faster lol
Dave does stay so cool and got her world.
Nurse Practitioners have their own practices??? In what?? I guess in Portland Oregan you can convince the wackos that an NP is an MD.
In Canada,NP’s are judge,jury and executioner without procedural fairness if you have any concerns about treatment or conduct.
NP, FNP and others are prescribers in every state and many states allow them to have their own practice as long as they have an agreement with an MD that sort of oversees it. It's extremely common and will only be more common in it future.
I’ve found many nurse practitioners to be better than doctors. They are more tuned in to the actual patient as a person.
@@joycewright5386 I think the same. It's got to be the nursing background of an NP that makes the difference.
@@joycewright5386 there’s this one nurse practitioner in my town, she is so hot.
I wish I was making 100k a year...these people are struggling for nothing.
Factz
Depends where you live 100k a year in NYC is like living on 30k a year but 100k in Tennessee is 86k a year
then put yourself through school and make that kind of money, only comes with a 500k student loan cost
$500k student loans? LOL. WOW Yeah no thanks
What is the rest of their debt....................????
A couple Mercedes AMG Roadsters.
A couple GLB-35s.
A JEEP Summit Reserve 4Xe for a fishing car.
@@raallen1468 😂 Exactly what I was thinking
Dentist disease 🤣😂
That why the babycsteps are there. First pay off debt! Then save up! And then invest!
I did not go to college, and I be a fool to turn down an opportunity to hire a college graduate to mow my lawn for $8.75 an hour!!
There an actual degree for lawn care... I am not joking
@@Heavenly_Fury Put the link up!
Only debt is his wife whos calling in
It's interesting how she needed Dave Ramsey to tell her that her husband shouldn't buy into his practice when they have that debt. Surely that was commonsense?
Common sense is not a flower that grows in everyone’s garden.
@@bradmckinley2660 lol I love that phrase, going to use it
Many dentists and doctors don't have common sense with money and debt.
She already knew it, she didn't need Dave Ramsey to tell her, but she wanted Dave Ramsey to convince her husband. And from his side conversations, I doubt he was convinced and he will go ahead any buy into the practice regardless of what his wife or Ramsey thinks.
@@thelogicaldanger Yep, it sounded like he was in the room with her and arguing with Dave by proxy. That's an enormous commitment to take on when your spouse is not on board!
Buying into a practice is the fastest way to pay off debt. Dave would also tell him not to go to dental school until he saves up $400k to do so. Sorry Ramsey advice for broke idiots doesn't apply the same way for highly skilled and compensated professions
Who is this girl? (Co-host?)