3min chapter

The Dentist Money Show | Financial Planning & Wealth Management cover image

#371: Fan Favorite – 2022 Financial Benchmarks Are In!

The Dentist Money Show | Financial Planning & Wealth Management

CHAPTER

Is My Net Worth Too High?

The average all income range across everybody is 535. So the average, if the average is 423, that means you have a million dollar practice with a 400 or a 42% profitability rate. It's like paying yourself 30 as an associate and 12% on the rest of the business as profit. The spending numbers at the bottom is too high. And maybe a better thing to compare to some like some of this point up is forgetting net worth for a moment.

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