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malkynn last won the day on July 24 2017

malkynn had the most liked content!

About malkynn

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  1. Hmm...we did full pre-clinical med at McGill, and I don’t remember much about psych. Granted, I have a psych degree, so I got enough of that already. We did spend one summer clinic period workings exclusively on special needs patients, including some with severe psychiatric illnesses, and that was a very helpful experience to get hands on coaching from clinical supervisors on how to handle special needs that we may have not had experience with It was certainly far more helpful than most of the didactic learning I had about psyc I agree with Ostracized though, after a few thousand patients, you will figure out how to manage people behaviourally, and that goes for psychiatric patients as well. But trust me, it won’t be the psychiatric patients who test your capacity for handling human behaviour. Lol.
  2. malkynn

    Denture kit

  3. Umm...saying that people need to actually think about the consequences of their massive debt is not the same as saying that people shouldn’t be dentists. But, uh, yeah, people should have a plan for dealing with their damn debt, not just pretending it’s not there and having zero intention of paying it off. He doesn’t have a 25 year plan to pay it off, he seems to be banking on it being forgiven and paid by tax payers in 25 years, assuming those rules still apply at that time. I repeat, no one is saying not to become dentists, those of us who actually are dentists and who actually do deal with our massive debt on a daily basis are saying that it’s critical to be proactive about it and understand the implications from the beginning. A lot of dentists talk to me about their finances. Take a wild guess how many of them aren’t deeply stressed?
  4. I don’t know that it began as his strategy, I think he just shoved his head in the sand and tried to pretend it wasn’t happening and that it would all be okay, and now waiting out the clock may look like his most attractive option. I think he just painted himself into a corner. I suspect there was a lot of denial along the way, a lot of just having faith that orthodontists make money and everyone has big dental school debt, and it will work itself out in the end...right?...right? He was certainly irresponsible and naive, which is why his case is extreme enough to end up in the news, but he’s not that far off the financial naïveté of most dental students and new grads, and it highlights how dentistry is not a financial sure thing in all cases and that the math needs to be examined carefully before diving head first into mortgage-sized debt. For many, it’s no longer just “get in, don’t worry about the cost, it will all work out.”
  5. Yep. Truthfully, I’ll actually be able to retire from dentistry by 42 if I want to. I may stick around until 50, I have no idea. I have 3 side jobs on the go, that are rapidly becoming more interesting. I’ll definitely retire from dentistry, but I’ll never retire from doing shit I get paid for, but that’s more like getting paid well for hobbies. I like variety. Like you said: priorities.
  6. I know A LOT of dentists who want to retire ~50-55. The work is very physically strenuous and a lot of people’s eyes don’t keep up after that age. Whether they actually save enough to do so...that’s another matter. Obviously not everyone. I also know plenty of dentists happily trucking along at 70. Me? There’s no effing way I’m putting my body through this after 50. Nope.
  7. Yeah, I drive a used Corolla with rolly windows. I already mentioned that. I used to drive a vintage jag, but I moved on and recovered from giving even a little bit of a shit about what car I own. Yes, my lifestyle requires spending very little. However, when you keep all of your major costs down, it’s no big deal to spend on travel. If you keep the big 3 low (housing, transportation, and food), then its a lot easier to afford the one-off luxuries like a trip, or eating out at a really nice restaurant now and then, or a $1000 cat. If I cared about other things more than I care about free time, then I would make other decisions. As it stands, I’m looking forward to cutting my hours even more as I’m making more money than I need to to reach my goals. And again, I would rather work less than spend more. ETA: I am not actually paying down my debt “quickly”. We paid down my husband’s debt quickly because the interest was higher. My debt will be paid down ~8 years after I graduated, which isn’t super fast. My priority savings, not rapid debt repayment. I would be totally debt free by now if it was, instead of 3 years from now.
  8. I literally don’t know how many ways I can say this: it depends. It depends how much you make, it depends what kind of housing you want, it depends on how much you want to prioritize debt repayment over all other places you could put your money, it depends if you are dual income, have kids, want kids, are willing to live with family/ roomates, etc, etc. Do some math. Look at what you may make as an income, calculate your taxes, look at your take home income and subtract what you think you will need to live on, and then see what’s left over. 300K in three years on a single income in an expensive city is more than a little insane unless you are really committed to keeping your costs super low. I you’re going to pull an Early Retirement Extreme kind of lifestyle, then yeah, it’s very doable if you manage to find work where you are fully booked 5 or more days a week...you just might not like the trade offs. Again, it depends on how important it is to you and just how little you can manage to live on. Personally, it’s not what I would do, that level of frugality is too much for me, but I also wouldn’t buy an 800K home either. We all have our priorities. Figure out yours, work backwards from there. I started by crunching the numbers as to what it would take to retire before 50 and I worked backwards from there to see if I could do it working only part time. That included what it would take to pay off our debt and save enough to retire on. Then I looked at what that would allow me to spend and decided if I was okay with that number. i based my lifestyle on that number, not the other way around
  9. Same deal, bigger debt, a lot harder to retire early without some serious money management skills. It all comes down to the same questions though: what are their personal priorities and risk tolerance? FWIW, my husband and I have paid off over 300K in debt and saved about 100K, bought a house, a paid off car, and paid for a great wedding in under 5 years. Oh, and I’ve only worked part time for the past 2 years. It can be done. It takes making it a main priority, but it can definitely be done.
  10. Yeah...sorry...you are absolutely right, it completely depends on the individual. This is a very very personal decision that will depend on your goals, your circumstances and your risk tolerance. Some dentists choose to be frugal, some don’t. Some prioritize finances, less intense schedules, and retiring early; whereas some have no issue working into their late 70s. Others work like mad freaks for the first few years and then lighten their workload. Some spend a lot with the philosophy that there’s no point in working so damn hard if you are not going to enjoy the lifestyle it can provide. Meanwhile, others enjoy simple living and dislike taking on even more debt and want as much financial flexibility and freedom as possible. Some new dentists immediately buy tricked out Teslas, and others buy used Corollas (mine has rolly windows, I’m not even kidding). Lifestyle decisions aside, some prioritize investments over debt payments since the interest rates are so low. Some would rather throw every extra cent at their debt and then start with $0; whereas others would rather focus on investments first and not pay off their debt at all until they’ve got at least 1M invested. Both are valid approaches with different risk profiles. Some prioritize buying a clinic as quickly as possible, and their clinic debt becomes the necessary priority over their student debt. Some aren’t comfortable taking on the debt of buying a clinic until their personal debt is reduced/gone. Again, both valid, depending on the personal drives behind the decision. There is no one size fits all answer to your question, or even anything remotely close to it. You will have to be able to analyze your own personal situation and decide what’s best for you and your own goals. Personal finance is highly *personal*. It really does come down to individual priorities.
  11. Sorry, I meant, why does it need to be on your CV specifically. I got a lot of grants during school that required me to be continuing the next year and I never specifically indicated in my CV that I would be continuing, I just had to check a box that said that I would be returning to school in fall. Like Bambi said, I would include your intention to continue on in dental school in your cover letter.
  12. Why do you need to convey that you are going back to school in the fall on your resume?
  13. There are pros and cons to both, but I agree that there are A LOT of pros to working multiple part time jobs, and this is coming from someone who has never done it, but in many ways wishes that I had. It really is shocking how differently clinics are run, and the more styles you see, the better for learning your own way of doing things. The industry has this veneer of having some standard way of doing business, but that’s sooooooo not the case. I find a lot of new grads are specifically looking for full time positions over multiple part time and they think that it’s better somehow, when that’s not necessarily the case. I also totally agree about restrictive covenants (aka agreeing to not work within a certain distance limit from your current clinic). I simply won’t sign them. I refuse to be told where I can and cannot work. I’ll happily sign something that says that I can’t solicit patients that I didn’t personally bring to the practice, but not something that limits what clinics I can work at if I leave.
  14. I’m not discounting the US market, I know little about it other than some ridiculous fee guides set by some insurance companies (some of those at -20% for subscribers???) and a bunch of crying dentists from about a dozen different states. Beyond that, I’m no expert, I’ve never looked into working down there, no interest. I just weighed in regarding 400K of debt because I have experience with it.
  15. Sorry. There is no metric for this. It’s way too personal and depends on your personal financial goals and risk tolerance. What’s worth it to me is completely different from what’s worth it to someone else. The thing is that it’s hard to know what’s going to be important to you in the future. What I want now is completely different from what I thought I would want when I was 22 and making career decisions that had financial implications far beyond my comprehension at the time. So yeah...sorry, but I’ve got no real useful advice, just a bit of personal perspective that may or may not be valuable. ETA: there are a ton of amazing careers out there. It’s just hard to really see them from a student standpoint because students tend to get distracted by what kind of job they can get right out of school, rather than what kind of career they might be able to generate if they put in the 4 years and insane work that dental school takes.