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Hopefully you
have read
page 1 so you know where we are coming from.
The BIG
question...
How much money can a chiropractor make?
That is going to depend on a lot of factors. Those factors
include but are not limited to... where you're going to
practice, how you're going to practice, how many hours a day you
intend to work, how many years you intend to work, if you plan
on owning your own business or intend to work for someone else,
and the list goes on. For the purpose of this article we are
talking about money chiropractors earn while practicing
chiropractic, not what they can do with their money once they
have it.
The last
sentence above is critical to your success. It's not necessarily
how you make your money, regardless of the profession you
choose, it's what you do with your money that will make the
difference between living a life loaded with abundance versus
living in poverty.
Can a
chiropractor make $1000.00
per week, $2000.00 per week, $5000.00 per week, $10,000.00 per week,
$20,000 per week, or more? The answer is yes. We have to get
away from the "can" and hopefully address some of the "how" and the
"why" or else none of this will make much sense. Remember, a chiropractor can also make zero dollars per
day, per week, and per year, so the "how much" question is
really rather ambiguous.
Let's get
into a few basics. Let's assume someone is reading this that
has never been to a chiropractor before, is not aware of how
many years of schooling are required to become a doctor of
chiropractic, and for some reason thinks chiropractic could
be a good career move for them.
Remember I'm
addressing three to four different groups of people here and the
paragraph above addresses mainly those in group number one.
You're what I've been calling the MySpace group. There are
people that have developed an interest in becoming a
chiropractor because of stories they've read about
Tiger
Woods,
Emmitt
Smith,
Candace Michelle, and many others receiving chiropractic
care, and or married to chiropractors.
Stories are
nice but my advice for
a person in that group would be to get a lot more information before making
such a move. Chiropractic schooling today takes longer than it has
in the past. Currently, a potential student can expect to be out of the
workforce for up to seven or eight years while they are
attending school. Tuition for chiropractic education is
not cheap. Prospective students can expect to pay $20,000.00 - $35,000.00 per
year for what is typically a four year graduate program. That's
four years after you have had your three years or more of
prerequisites fulfilled. You can call the process anything but
fun (although looking back on it I'd personally do it all again
in a heartbeat).
Federal student
loans are available for chiropractic education but borrowing
money means that you're expected to pay it back. Also, interest
rates on federal student loans have been going up these past few
years which is going to result in an increased monthly payment
for soon to be graduating students as well as new doctors in the
field.
The worst thing
you can do is not have a clear understanding as to what you want
to accomplish, borrow the maximum amount of loans, have no
direction while in school, making no effort to succeed, go into
financial loan default, file bankruptcy, and waste the rest of
your life blaming someone else for your self created misery.
You'll become a drain on society, the educational system, the
chiropractic profession, your friends, your family, and most of
all, yourself.
The longer I
practice chiropractic the more I come to realize that only one
thing stands in the way of my increasing success, that's me. I
don't expect you to know that if you're an 18 year old kid, and
it can be tremendously difficult to maintain that thinking while
in school or just beginning your practice.
A chiropractic
education for someone who has borrowed money for both schooling
and living expenses could graduate with debt in the ballpark of
$200,000.00 or more. Add an 8% fixed interest rate on that 200
grand, consolidated into a 30 year loan, and you've got a
ginormous
monthly payment whether you're successful in practice or not.
That could be
enough to scare someone straight into anything other than
chiropractic as a career. But then there's the flip side, the
rub, the upside, or whatever you want to call it...
chiropractors that are earning six-figure monthly incomes, or
just a lot of money, and helping masses of people live healthier
lives in the meantime.
There's also
other things besides money but they don't pay off your student
loans. However, what they may do is motivate you enough to drive
in the direction of success. There is a part of my heart that is
still a little kid with big dreams. I'm fortunate to live and
practice where I do. You will not watch a major television
program or view a summer blockbuster film without seeing someone
that is receiving chiropractic care, often times by me. Contrary
to what you see in the media, most people in the music and film
industries (at least those I've worked with) are caring,
hard-working, generous, and friendly individuals.
I am the most
annoying guy to go to the movies with because I will elbow you
the entire film (actually, I've got better) whispering
adjusted him, adjusted her, look at that jump - adjusted her
before she did that, adjusted them while this scene was being
done. God forbid I am at the premiere.
Money may be
your driver, sports may be your driver, your kids may be your
driver, your spouse, laying hands on presidential candidates,
celebrities, newborn babies, whatever. The point is to figure
out what it is that motivates you, and move in that direction.
I have not
located any online statistics on the big earners in chiropractic as of yet.
I have good reason to believe you won't find any reliable information
either. I break bread with these folks regularly and income
amongst the biggest of the big is rarely discussed. In nearly
all cases, they'd rather talk about how many people they
adjusted in the past week, how many new people attended their
health orientation, how many pregnant moms they've been caring
for who've just had babies, what their kids did recently in
sports or school, what their last vacation was like. Do you
recognize the pattern?
Read on
to view some of the stats that I have collected regarding chiropractic
incomes and salaries.
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