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Why I'll never buy a dental practice

Most dental students going into dentistry assume they'll want to buy a dental practice one day. You make more money as a dentist, and have more freedom? But it isn't so black and white. There's a lot you pay in practice ownership, besides the purchase price of your new dental clinic. In this video I go through all the good and the bad of dental practice ownership. And at the end, I explain why I've decided I never want to own a dental practice. 0:00 Intro 0:38 Increased income 2:10 Free money? 3:54 Decouple time and money 4:11 Keep goodwill you generate 4:50 You're the decision maker 5:32 The downsides 5:51 Staffing issues 7:38 Existential threats 8:20 Practice debt 8:47 Reduced optionality 9:17 Why I'll never buy a practice 👋 Subscribe to my YouTube channel ➤    / joelmeyersoncreates   📸 Add me on IG ➤   / meyersonjoel   😷 Check out my dental school interview prep course (2 hours of free video lessons) ➤ https://roadmapprep.com/ Intro: The Time by Ivan Shiplevsky Music: Teapot by Lukrembo Outro: Sunset Eyes by INOSSI