 what's happening guys doing another quick video which is going to be an update of a video that i made a little over a year and a half ago which is the top seven doctoral degrees this is one that a lot of people wanted me to update since a lot has happened in the world since then one of the biggest events that has ever happened in human history or at least modern history oh and i almost forgot guys make sure to gently tap the like button hit that subscribe button and ring the notification bell um only about 20 percent of you or so are subscribed so come on what are you waiting for go ahead and do it anyways pharmacist is going to be number seven on the list this is the degree that i got which is the farm d now when it comes to the debt to income ratio here pretty dang good it's on about 2.2 to 1 and this of course is on a list of debt to income ratios of people who are seeking help so most of the people who would be seeking help have a worse debt to income ratio than the average person so in reality it's probably more like maybe one to one or maybe 1.5 to one at worst so yeah really solid option here health care degrees tend to be very meaningful you make really good pay and i was able to graduate with my degree in about five years and nine months you can check out my course down below if you want to figure out how you can also graduate much earlier usually it takes people eight years to get a farm d i was able to shave two years and three to four months off others have been able to shave even more often i reveal exactly how to do that in the course down in the description below so check that out if you're interested next one on the list is going to be dentists this is another doctoral level degree um it is going to take longer than pharmacist on top of that you're usually going to go into a lot more debt and if you want to start your own practice you're likely going to have to take out a large business loan as well so a lot of the time dentists are going to be in debt until pretty much late in life sometimes late 30s but at that point as long as they have their own practice or i should say especially if they have their own practice they are going to be making bank debt to income ratio here is about 2.5 to one which is a little worse than pharmacist but not too bad dentist can be a great option definitely something that you should look into if you're interested in health care next on the list is going to be a tim phd and by that i mean technology engineering or mathematics phd not stem because that would include science so technology engineering and mathematics at the phd level can be really really good now a lot of the time i warn people against getting a phd because of how much of an investment it is i made several videos about how the phd system is very similar to a pyramid scheme when you look at it and there is a lot of legitimacy to that but it's not always true so the difference between tim phd's technology engineering and mathematics versus some of the other ones is for one first of all you can get a pretty solid job usually with a lot of these degrees with just a bachelor's degree so the people who end up going back and getting a master's or a doctorate are people who just simply want more education it's not that they have to get more education like many of the other degrees so for instance people who go back and get a doctorate for an anthropology degree or a sociology degree may not have had the option to get a job with just a bachelor's they were forced to go back and get a master's and eventually a doctorate that is such a key difference i mean i cannot stress how important that is on top of that technology engineering and mathematics related phd programs generally can be done much faster than some of the you know liberal arts social sciences etc so the average phd program is going to take over eight years for you to get it right i'm not talking about eight years including undergrad after you've gotten your bachelor's it's going to be another eight years for you to get your phd on average however if you look at the breakdowns by discipline science technology engineering and mathematics degrees tend to be able to get their phd's much faster than somebody who's in the arts humanities etc on top of that you are much more likely to get a stipend or a grant something along those lines in order to pay for your phd if you get it in a technology engineering or mathematics field and if that wasn't enough there's also a lot more demand and you get paid much higher for technology engineering and mathematics degrees somewhat less but still you know decently well for science degrees and these are all at the phd level right so this can be a good opportunity in some cases i still warn against going down this route just because it's so much commitment but for the right person this can definitely be a fantastic option next on the list is going to be orthodontist endodontist and periodontist this is basically going to be a type of medical doctor that specializes in all things to do with the teeth and the mouth so these are basically all different types of dental specialists now the debt to income ratio here is 2.0 which is not bad at all this does take a tremendous amount of your time it's going to take many many years a lot of the time orthodontists for instance are going to end up owning their own practices as well that means you're going to have to take out a business loan so it's kind of along the same lines you're going to be deep in debt for many many years before you finally get above a net worth of zero but if you're okay with that right if you're okay with uh going into it for the long haul this can be a fantastic option next on the list is going to be somebody who gets a phd and then is lucky enough to become a college professor now one thing i mentioned in my videos where i talk about why getting a phd can sometimes be a trap is the fact that so many of those people think that they're going to become a college professor but in reality if you think about it professors teach hundreds of different students at once usually and so really out of all those students they're teaching how many of them can also become professors not many however if you are able to become a college professor and especially if you get tenure it is a super sweet job it's a great gig right so the debt to income ratio here is 1.8 and that is really good so you're obviously making pretty good money and you're not having to go that deep into debt next on the list is going to be a dnp or a doctorate in nursing practice this is the type of a nurse that is above a nurse practitioner which would just be an np that's a master's level degree you can go one step further and become a dnp now dnps make fantastic money there's so many things they can do they can prescribe they can diagnose all without having to be under the supervision of a doctor they make fantastic money we're talking like pretty close to what a medical doctor makes so yeah this is a really good career i will say that you don't get all that many advantages over just being an np because as an np with a master's level degree you can also prescribe and diagnose but i have heard that nurse practitioner is moving more towards uh kind of becoming more of a doctoral level degree and more people are trying to get their dnp so we will see how that unfolds in the future but as of now this is still a very good option next on the list number one is going to be medical doctor and they are going to have a debt income ratio of 1.64 to one which is the lowest on the entire list so medical doctor can be a fantastic option for the right person it really depends on your personality would not be a good fit for me at all because of the fact that i'm the type of person who wants to have really nice work life balance doctors work super hard it doesn't matter whether you're an undergraduate you basically have to get really good grades you have to shadow for like thousands of hours do all kinds of extracurricular activities you basically just have to be the perfect student in order to be able to get into med school and trust me getting into med school is very difficult then once you're in med school they are going to work you hard probably going to be one of the hardest times of your entire life once you get out of medical school you're going to be doing a residency that is somewhere between three and seven years long where you're likely going to be working 80 hours a week and then once you get done with residency you'll have an option to also do a fellowship in many cases which can be you know one to two years and then finally you'll start working as a doctor where you'll probably be working over 60 hours a week and you have to stay up to date on the newest medical information so that you can give your patients the best possible care so doctors are lifelong learners they are never going to stop learning not saying that other medical professions also aren't like this but doctors take it to an extreme but when you look at the numbers if you're someone who is willing to sacrifice all of that to go through all of that this one is going to pay off so for the right person this can be a fantastic option and that's why i decided to put it as number one if you haven't done it already go ahead and check out my other videos right here i made them just for you go ahead hit that like button hit the subscribe button notification bell and comment down below any thoughts comments criticism etc that you have on the video thank you so much for watching and i will see you next time