20 years of school…
Countless stressful nights…
Competitive admissions…
High-pressure exams…
Your reward?
A $300,000 hole in your wallet.
You’re paying $3,000 a month whether you like it or not.
For most dentists, student loans are a reality. But how you handle them can drastically impact your net worth.
- Do you pay off your loans aggressively?
- Do you invest and let your money grow?
- Do you pack your bags and move somewhere cheaper? (Tempting)
Here’s the real problem—most new dentists are making the wrong decision with their money.
Golf vs. Football
Back in high school, I played football. As a defensive end, my job was simple—be aggressive. My coach even told me that if I didn’t rack up at least three technical fouls during the season, I wasn’t playing hard enough!
Fast forward to adulthood, and guess what? No one’s playing pickup football in full pads anymore. Instead, we grab our clubs and hit the golf course.
The problem? Football and golf require completely different skills.
And the same goes for your finances.
Many new dentists assume that aggressively tackling their student loans is the best move, but that’s not always the smartest play. Just like football tactics won’t help your golf game, outdated financial habits can cost you hundreds of thousands of dollars in the long run.
Your Best Interest
The biggest question every new dentist should ask:
What’s the smartest way to grow my wealth?
The answer is in your best INTEREST
Aside from setting up an emergency fund, the key to maximizing your financial future is simple: focus on interest rates.
- If your student loan has a sky-high interest rate (8%+), paying it off ASAP makes sense.
- If you can refinance at a lower rate (5% or less), investing that extra money could produce much higher returns over time.
No decision is risk-free—but the biggest risk is not having a plan.
Bigger Than You Think
Let’s talk numbers:
- The average dentist is paying 8-12% on student loans.
- Dentists who refinance today could get rates around 5% (even in a high-interest market).
That difference? $400,000.
Imagine someone handing you $400,000 just for making smarter financial moves. Sounds like a no-brainer, right?
Your Financial Frame
Nobody can make this decision for you. And if someone says they can—run away!
But what you can do is arm yourself with the right tools to make informed choices.
That’s why we’ve created a simple, 3-step framework to help dentists like you:
- Evaluate your options
- Create a clear plan
- Stick to it
This strategy has saved dentists tens—if not hundreds—of thousands of dollars by ensuring their money works for them.
Ready to take control of your financial future? Talk to one of our wealth specialists today. Your future self will thank you.