How Are Associate Dentists Paid?
I get asked this question frequently. “What is the difference between production, adjusted production, and collections?” Associates are typically paid on either adjusted production or collections. Adjusted production is production minus any insurance write-offs or discounts. To understand adjusted production, you need to know what “production” means....
byPractice PirateJuly 4, 2020
The Rule of 72
The Rule of 72 is a simple way to estimate how long a particular investment or debt will take to double given a fixed annual rate of return. Some students try to apply this rule to their student loans, but it is not applicable because direct loan interest does not compound. For example, if an
byPractice PirateMarch 30, 2019
Small, Mid, and Large Cap Stocks
When you start looking towards the U.S. stock market as a potential place to invest a portion of your portfolio, you will find that a stock is classified as either a small, mid, or large cap stock based on how much the company is worth. Small cap stocks consist of companies worth 2 billion or
byPractice PirateSeptember 23, 2018
Amortization and Negative Amortization
Amortization of loans refers to the spreading of payments over a defined period of time often referred to as the amortization schedule. Upon graduation, dental students enter a standard repayment plan where their graduate student loans are amortized over a 10 year term. Since most graduates have no income on the day they graduate, it is
byPractice PirateJuly 22, 2018
Accrue or Compound
I was interacting with a senior dental student on Facebook a few days ago and it became apparent that some students may not understand the difference between the capitalization of outstanding interest and compounding interest upon graduation. This particular student is going to graduate with approximately $400,000 in federal graduate student loans (all of which are
byPractice PirateMarch 3, 2018