cool story
His practice went down the tubes because his "loyal" clients all started coming in for treatment and skipping out on the bill. He spent more time in small claims court than he did his office, so he sold the practice. Shitty area.
Help Me Help My Dad
- Thread starter SUP3RNOVA
- Start date
cool story
His practice went down the tubes because his "loyal" clients all started coming in for treatment and skipping out on the bill. He spent more time in small claims court than he did his office, so he sold the practice. Shitty area.
The bottom line is, since 2008, this same situation happened to MILLIONS of people. Specifically, to those who lived out of their means.
lol yeah this is a bit ridiculous
I make 10k a month and I can't even get by can someone tell Obama we need a living wage #whitepeopleproblems
This sounds like the best plan
My uncle, who is a clinical therapist just went through the same thing last year. Our family thought about putting up a blog for him, etc. However, the older generation doesn't understand the internet like us. It would have been very frusterating for him. With more than 40 years experience in the field, the best plan of action was for him to partner for four other therapists and re-start their practice. They rented a space and started building their clientele again. He's off to a good start. More importantly, he's in his element. I wish your dad the best of luck!
Patricia
My uncle, who is a clinical therapist just went through the same thing last year. Our family thought about putting up a blog for him, etc. However, the older generation doesn't understand the internet like us. It would have been very frusterating for him. With more than 40 years experience in the field, the best plan of action was for him to partner for four other therapists and re-start their practice. They rented a space and started building their clientele again. He's off to a good start. More importantly, he's in his element. I wish your dad the best of luck!
Patricia
Boo-Hoo-ber Affiliate,
Fuck your situation then. You were indeed asking for advice on how to help your dad, but in your own emo-passive-aggressive way you were looking for people here to say "Oh, Paul, it's ok, just help him.".
I hope you do go fucking broke helping him. Nothing is as class-less as yelling "I TOLD YOU SO" at the top of your lungs, but for you, I'll make an exception.
Helping parents out of financial distress, no matter what the method, is fucking death to your sanity and self-image. I've seen this over and over again in the past 13 years and the constant never changes: Those who mismanage will usually mismanage forever.
Fuck your situation then. You were indeed asking for advice on how to help your dad, but in your own emo-passive-aggressive way you were looking for people here to say "Oh, Paul, it's ok, just help him.".
I hope you do go fucking broke helping him. Nothing is as class-less as yelling "I TOLD YOU SO" at the top of your lungs, but for you, I'll make an exception.
Helping parents out of financial distress, no matter what the method, is fucking death to your sanity and self-image. I've seen this over and over again in the past 13 years and the constant never changes: Those who mismanage will usually mismanage forever.
As someone who's been in this situation my only advice is to not give him any money. If he can't make it on $10k/mo he's doing it all wrong. The best thing you can do is get him a good bankruptcy attorney. If he's 60 now he might just be able to dig his way out by 70. If he's not willing to sell his assets (house!) and dump his other expenses there is nothing you can do to help him, he'll bleed you dry too. I understand your need to help your dad, but he'll just end up sucking you dry, then dying and you'll be left with all your debt and his debt and the cycle starts over. You're fucked too. Good luck bros.
Aww you're real hard done by mate!
Median income here is $67,000
Median shitty house price is $575,000
Our interest rates are 7.8%
For the average person that's weekly repayments of ~$850 out of a $1300 income, leaving dick-all for the bills, food, car etc after tax.
Cars cost 2-3x more than in the US
Not to mention our taxes are much higher than yours.
The average Australian manages to get by, you have it easy as fuck in comparison. Our healthcare is free though so it all balances out right?!
Sorry, I see how what I said is ambiguous now and that's not what I was getting at.
Instead, the emphasis on "had" was to point out that changes have to be made since he no longer has the practice.
Best of luck.
Whats your point, your not American and yours is clearly a different situation. Until you can compare apples to apples, then you have no point.
Point is for 30 years he was doing well. Why should he be "cheap" or conservative if after 10 years into his practice he is still doing well. Its not like Acai monies where people thought they were baller making a half a mill in 1 year and buying lavish things, only to have their 2nd year fuck them up with $0 monies. This guy had a proven record and decided to take care of himself and family. He by no means went outside his lifestyle if he is in a $300k home unless he has a hooker and blow problem, which I doubt.
This guy was making good money, did so for 30 years, and now finally because of the overall economy is struggling. To say this guy should have managed better shows what idiots a lot of people on this board are. This guy was banking when most of you all were still some sperm in your daddy's ball sack.
Banking implies that the money is actually going into some kind of savings account... obviously this wasn't the situation.
His dads cup has too many holes in it and has for the past 30 years, explained by this educational video:
[ame="http://www.youtube.com/watch?v=b36j8ewaN2Y"]YouTube - Two And A Half Men - Charlies money problems[/ame]
What was the plan upon retirement? move into a caravan after 40 years of dentistry?
Eliquid... I'm honestly shocked to see how far up your ass your head is. OPs dad is still making 2.5x the average salary of a US HOUSEHOLD by himself. How you don't see a problem is beyond me.
Yeah, ok? I've already said in this thread that the economic condition is what fucked him over, I didn't say he was the only one. I was just asking if anybody had ideas they didn't mind Shooting The Shit about.
bb_wolfe said:
...what?
No...I was looking for advice. I wanted to come up with something to e-mail my dad (ideas), and wondered if maybe anybody at WF would have anything to contribute. As in typing out 1-2 sentences with an idea from past experience or something.
I don't rely on Wickedfire to satisfy my emotional needs believe it or not. Real life is for that.
It must feel good to be that bitter. not
I wouldn't go insane and what would happen to my self-image? OH SHIT, LOOK, IT'S THAT KID WHO'S HELPING HIS DAD OUT OF OF A PROBLEM. I WANNA KILL THAT ASSHOLE.
I'm sorry you don't care for your family as much as I do, but I don't want my dad to have a heart attack from stress and die. I'm not going to post anything specific about his intelligence, but he did extremely well in medical school and has always been smart. Worst case scenario is I help get him out, he gets started again and slowly mismanages so that in 30 years he'll be near-broke again. At that point he'll be almost 90 and probably dead.
Why in the world do you people insist on comparing him to the any average family anywhere?
This guy hasnt lived an average life, and probably has better things/more things/more expenses because of those things then the average family anywhere would dream of having.
Comparing is situation to average anything is what is making your head up so far up YOUR ass. Just because he makes XX more then average family living in middle america doesnt mean this guy cant manage his money. The simple fact he makes more then most americans also means he pays more then his fair share in taxes then the average american which already takes enough money from the pot. He probably also pays more insurance as well then the average american. Neither of those plays into "bad money management".
This guy hasnt lived an average life, and probably has better things/more things/more expenses because of those things then the average family anywhere would dream of having.
Comparing is situation to average anything is what is making your head up so far up YOUR ass. Just because he makes XX more then average family living in middle america doesnt mean this guy cant manage his money. The simple fact he makes more then most americans also means he pays more then his fair share in taxes then the average american which already takes enough money from the pot. He probably also pays more insurance as well then the average american. Neither of those plays into "bad money management".
I don't think he's disputing the fact that my dad has mismanaged his money over the years. The point is it came very slowly, so it's only now that he's "learning his lesson". He's a pretty smart person, I think he'll be more careful the next time around.
You asked for advice on how to help your dad, people are giving you advice but it seems like you're not really interested in hearing it.
Your dad needs to sit down with the rest of your family and explain that the life they are currently living is no longer tenable. To me it sounds like your family is living above their means, rather than your father.
In terms of what you can do to help your father earn extra cash? It really depends on where his individual skillset lies - is he just a general dentist or does he specialize in something? Is he photogenic? It's hard for people to give advice without actually knowing anything about the person themselves.
Sit down and do a simple SWOT analysis, that should hopefully give you some ideas and suggestions on what to do.
Your dad needs to sit down with the rest of your family and explain that the life they are currently living is no longer tenable. To me it sounds like your family is living above their means, rather than your father.
In terms of what you can do to help your father earn extra cash? It really depends on where his individual skillset lies - is he just a general dentist or does he specialize in something? Is he photogenic? It's hard for people to give advice without actually knowing anything about the person themselves.
Sit down and do a simple SWOT analysis, that should hopefully give you some ideas and suggestions on what to do.
That's flat out false. I have listened to and responded to all actual advice. "lmao your dad can't manage shit" isn't advice.
I understand that but that's not the advice I was asking for. I asked for ideas on how my dad could use his skills to earn that much money back at home and then drop the apartment he's living in. He burns $100's every month driving home every weekend.
He's a general dentist, and I think he can do whitening (which is good to advertise). I'd say the best part about is skillset is his touch. He can take a person afraid of needles and give them a couple novocain shots without them feeling it. His old practice used to be called Gentle Dentistry.
I dispute the fact he makes 2.5x more then average family...
Make $10k a month to only have to pay back in 1.4k in fed taxes compared to making $5k a month and paying in $444 a month in fed taxes.
Who is missing out on a bigger chunk here? Add in misc state and community taxes, school, fire, etc and the guy making 10k a month is only bringing home 7k a month compared to the guy making 5k a month bringing home 4k. For sure not 2.5x more!
Lets not forget to add in insurances for someone thats a dentist, like malpractice and business and prob umbrella. Clearly the playing field is now about even and no where near "mismanagement" of money.
Im not saying the guy maybe shouldn't have put something away for a rainy day, but this wasnt someone that got lucky winning the lottery or ran a couple acai berry campaigns and thought he could buy the moon.
Make $10k a month to only have to pay back in 1.4k in fed taxes compared to making $5k a month and paying in $444 a month in fed taxes.
Who is missing out on a bigger chunk here? Add in misc state and community taxes, school, fire, etc and the guy making 10k a month is only bringing home 7k a month compared to the guy making 5k a month bringing home 4k. For sure not 2.5x more!
Lets not forget to add in insurances for someone thats a dentist, like malpractice and business and prob umbrella. Clearly the playing field is now about even and no where near "mismanagement" of money.
Im not saying the guy maybe shouldn't have put something away for a rainy day, but this wasnt someone that got lucky winning the lottery or ran a couple acai berry campaigns and thought he could buy the moon.
10k was/is the take home pay, considering he doesn't own his own practice anymore then he won't/shouldn't be liable for the insurance expenses.
Your tax figures assume no deductions at all.
It seems crazy to me that somebody could be making 100k+ a year for ~30 years and still not own their own 300k home.
Even somebody earning 48k after tax (median/mean figure for US, apparently) should easily be able to afford their own home after 30 years. No wonder your country is so fucked.
If his skills are interpersonal, I'd stop focusing on the whole dentist aspect and instead focus on doctor patient relationships. In Australia we have some programs that are run by universities to help doctors with doctor patient relationships (how to broach subjects such as confidentially while being sensitive to out clauses such as self harm/harm to others and making the patients feel "safe") - a lot of the stuff is practice - in fact my local high school paired up with the university of Melbourne and we had our drama class act our certain roles and then the doctors in training would practice their med speak. At the end of it the "actors" would give the doctors advice on how they could improve.
I know the doctors in training also did a ton of theory on this type of shit, especially the foreign exchange students that were hoping to get permanent residency.
Might be a niche to look into
.
10k was/is the take home pay, considering he doesn't own his own practice anymore then he won't/shouldn't be liable for the insurance expenses.
Your tax figures assume no deductions at all.
It seems crazy to me that somebody could be making 100k+ a year for ~30 years and still not own their own 300k home.
Even somebody earning 48k after tax (median/mean figure for US, apparently) should easily be able to afford their own home after 30 years. No wonder your country is so fucked.
If his skills are interpersonal, I'd stop focusing on the whole dentist aspect and instead focus on doctor patient relationships. In Australia we have some programs that are run by universities to help doctors with doctor patient relationships (how to broach subjects such as confidentially while being sensitive to out clauses such as self harm/harm to others and making the patients feel "safe") - a lot of the stuff is practice - in fact my local high school paired up with the university of Melbourne and we had our drama class act our certain roles and then the doctors in training would practice their med speak. At the end of it the "actors" would give the doctors advice on how they could improve.
I know the doctors in training also did a ton of theory on this type of shit, especially the foreign exchange students that were hoping to get permanent residency.
Might be a niche to look into
1. I didnt see where Uber stated that 10k was take home pay.
2. Yes my tax calculations are based on 3 Dependants/deductions as well.
3. Many professionals have to carry insurance on themselves even though they work for someone else. Many professions are like this, especially in sales. I wouldnt be surprised if he is working as a dentist for another company if he was asked to carry his own liable.
If you just wanted ideas on how someone with his skills could make more money than you could have just asked for that. It appeared that you were looking for help with his overall financial situation.
Americans in general do have problems with budgeting and are also reluctant to make lifestyle changes when needed. Someone isn't necessarily being a jerk by pointing this out.