The Dentist Money Show | Financial Planning & Wealth Management

#576: Two Cents 11/2 - Economic Indicators; New 2025 Tax Limits; The Cost of the American Dream Nov 02, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Jake, and Rabih analyze October's new economic data including the jobs report, GDP growth, consumer spending, and inflation. They review the IRS' 2025 retirement plan contribution limits and tax brackets. Finally, they review a recent study that compiled a list of the financial costs associated with achieving the American dream including purchasing cars, a house, raising kids, and saving for retirement.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors.

#575: Navigating Dental Marketing: Insights from Pain-Free Dental Marketing Oct 30, 2024

On this episode of the Dentist Money Show, Eric Hubbard and Andre Santos from Pain-Free Dental Marketing join Ryan to talk about their journey in the dental marketing industry. They discuss the challenges of marketing for dental practices, the importance of authenticity, and understanding patient needs.They review current marketing trends, how to track marketing effectiveness, and misconceptions surrounding effective marketing. Learn how you can make your practice’s marketing and patient engagement strategies more effective.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.

#574: Two Cents 10/26 - Election Betting; E.Coli and Diversification; The Great Wealth Transfer Oct 26, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt and Rabih analyze election betting data, exploring how it reflects market sentiment and the underlying mathematical principles. Then, they discuss the implications of the recent E. coli outbreak on the fast-food industry and the importance of proper diversification in investments. Finally, they discuss the great wealth transfer and importance of open family discussions about money and financial planning.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.

#573: Money and Emotions: How feelings can shape our finances Oct 23, 2024

Ninety-five percent of our decisions and behaviors are shaped unconsciously by our subconscious mind. Money is more than just numbers—it's deeply intertwined with our emotions and the decisions we make. From the tulip buying craze in the 1600s, to the recent boom in crypto and NFTs, our emotions have always been a driving force in what we buy and why. In this episode, Matt, Jake, and Ryan dive into the why of making money decisions and how our emotions can impact choices without us even being aware.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#572: TL;DR - When “Plan A” Gets Carted Off the Field: Tackling the Basics of Your Emergency Fund Oct 21, 2024

TL;DR - Too Long; Didn't Read - "When “Plan A” Gets Carted Off the Field: Tackling the Basics of Your Emergency Fund"

In our new TL;DR series episode, Will reads his article which compares your emergency fund to a backup quarterback in a financial context. An emergency fund is a savings buffer set aside for unexpected expenses or financial crises. Will goes over three tips to maximize the usage of your emergency fund.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#571: Two Cents of 10/19 - Market and Economic Overview; Update on China's Market; Potential Tax Cliff Oct 19, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt and Rabih review the current status of the economy using market data including: inflation indicators, unemployment rate, stock volatility, and rate cuts. Then, they continue last week's discussion on the Chinese stock market's boom and bust and discuss the recent press conference and the Chinese market reaction. Finally, they discuss the looming tax cliff and the current policy in place versus what it could revert to. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#570: Creating Impact Through Partnership: Elevation Association’s Journey In Dentistry Oct 16, 2024

On this episode of the Dentist Money Show, Jared Hill and Dan Nelson, co-founders of Elevation Association join Matt and Ryan to discuss the purpose of Elevation Association and how it all started. They talk about the importance of healthy partnerships in business and dentistry, as well as the significance of leadership and communication skills. Jared Hill and Dan Nelson share their experiences of building a successful dental practice and highlight Dental Legacy Foundations dedication to providing dental care and oral hygiene education in underserved communities around the world.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#569: Two Cents 10/12 - China's Stock Fluctuations; Roblox Stock Options; Google Anti-Trust Lawsuit Oct 12, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Will, and Rabih start with exploring the last two weeks of volatility in the major Chinese stock index and why it hasn't impacted the global markets on a larger scale. They discuss the recent Hindenburg report on Roblox and the business ethics behind the short. Finally, they discuss the current lawsuit the DOJ is filing against Google and why it will be a long and ongoing lawsuit. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#568: What You Should Expect From Your Financial Advisor Oct 09, 2024

Are you considering hiring a financial advisor but unsure about what to expect? On this episode of the Dentist Money Show, Matt and Ryan break down some of the essential roles and expectations you should have for your financial advisor. They cover key qualities to look for in a financial advisor, the services they should provide, and how to establish a collaborative partnership to get the most out of the relationship.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#567: Financial Planning 101: Interview with Dentist Advisors’ CEO, Matt Mulcock, CFP® Oct 07, 2024

Checking back in with one of our main stage speakers from the Dentist Money Summit last June, Perrin DesPortes. Matt Mulcock, CFP® is invited to join Perrin on the Group Practice Accelerator podcast to discuss financial planning, what makes Dentist Advisors unique in the space, and share some wisdom on how you should approach financial planning.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#566: Two Cents 10/5 - Election Week VIX; Shipping Delays; Student Loan Forgiveness Reboot Oct 05, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Will, and Rabih start with an explanation of the VIX and volatility of the market around election year. They discuss the current labor strikes on major US ports and what the implications it has on inflation. Finally, they explain the latest news about the student loan forgiveness plan and the court's current desicions around it. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#565: Your Portfolio Doesn’t Care That It’s An Election Year Oct 02, 2024

Investors often wonder how presidential political outcomes will affect their portfolios. On this episode of the Dentist Money Show, Matt and Rabih dive into the common myths surrounding investing during an election year. They break down three widely believed misconceptions, explain the unpredictable nature of market reactions, and explore why political changes don't dictate long-term investment success. Whether you're feeling anxious or excited about the election, Matt and Rabih will guide you through strategies to keep your investments steady and focused on your long-term financial goals.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#564: Two Cents 9/28 - Pesto; A Quiet Market; Perception's of Wealth; Roger Federer's Lessons Sep 28, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih introduce Pesto the penguin. They discuss the quiet week in the market after a period of constant noise and the broader implications of this. They explore why many Americans are feeling poor despite being financially stable. Finally, they discuss the investing lessons to learn from Roger Federer's tennis career. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#563: Flow Like Water: Key Lessons Learned from "Be Water, My Friend" Sep 25, 2024

On this episode of the Dentist Money Show, Matt, Will, and Victoria dive deep into Be Water, My Friend: The Teachings of Bruce Lee by Shannon Lee. Inspired by Bruce Lee’s philosophies, this book explores the transformative power of adaptability and resilience. Matt, Victoria, and Will break down the core teachings of Lee’s “be like water” mindset and discuss how these lessons can be applied to everyday life. Tune in for actionable insights that will help you cultivate flexibility, embrace change, and strengthen your personal journey through the wisdom of one of the most iconic martial artists of all time.

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#562: TL;DR - 5 Tax Write-offs Every Dentist Should Know About Sep 23, 2024

TL;DR - Too Long; Didn't Read - "5 Tax Write-offs Every Dentist Should Know About"

In our new TL;DR series episode, Victoria reads her article which explores a topic that dentists are interested in learning about: tax reduction and tax write-offs. Victoria reviews 5 tax write-offs that every dentist should know about.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#561: Two Cents 9/21 - 'Recalibration' and Monetary Policy; Pricing and Inflation; CEO Deadlift ETF Sep 21, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Will, and Rabih discuss the Federal Reserve's new catchword 'recalibration' in monetary policy while answering questions about unemployment rates and inflation. They explore why prices still feel high even though the inflation rate is down and the complexities of price perception. Finally, they talk about the implications of a hypothetical 'Deadlift ETF' that correlates with CEO fitness and stock market performance.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#560: Tax Talk for Dentists: Avoiding Missteps and Leading with Confidence Sep 18, 2024

On this episode of the Dentist Money Show, Morgan Hamon, CPA and President of HDA Accounting Group joins Ryan to discuss different leadership styles and valuable advice to help lead your team with confidence. Morgan and Ryan also dive into the financial side of running a dental practice, exploring the importance of maintaining clear boundaries between personal and business finances and fostering open communication with your CPA. They dispel common myths about taxes, discussing why taxes don’t actually break dentists and the importance of tax planning to alleviate the emotional burden around tax season.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#559: Two Cents 9/14 - Labor Market; Retirement Savings; What is the Cost of Denial? Sep 14, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih discuss the upcoming Federal Reserve meeting and its potential impact on the labor market. They also explore the topic of retirement savings and the percentage of Americans who feel behind in their retirement planning. Finally, they talk about what the cost of denial is and encourage listeners to take action and address their money matters, emphasizing that the pain of avoidance is greater than the short-term discomfort of facing the problem. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#558: How to Avoid the Pitfalls of Home Country Bias in Investing Sep 11, 2024

Is your investment strategy too focused on your home country? It’s time to broaden your horizons. On this episode of the Dentist Money Show, Matt, Rabih, and Ryan dive into the critical importance of global diversification. They explore how home country bias can limit your portfolio's potential, leaving you exposed to unnecessary risks. Discover why investing beyond your borders is essential for achieving a truly diversified and resilient investment strategy.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#557: TL;DR - Elections and Investing: Debunking Common Myths Sep 09, 2024

TL;DR - Too Long; Didn't Read

In our new TL;DR series episode, Matt reads his latest article which debunks myths about election years and investing. Using history as a guide, Matt provides evidence that supports a pretty mild market story.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#556: Two Cents 9/7 - Analyzing Market Headlines; Unrealized Capital Gains Tax; Inheritances and Retirement Sep 07, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Rabih, and Jake discuss how market headlines can be misleading, and they emphasize the importance of understanding the context and not getting caught up in the hype. With the proposal of an unrealized investment gains tax, they provide insights into the impact of the potential tax and discuss the likelihood of it being implemented. Finally, they discuss how inheritances can impact retirement planning and emphasize the importance of saving and investing independently. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#555: Are You Chasing Status Or Building Wealth? Sep 04, 2024

Are you striving for the high-status symbols of success, or are you focused on building lasting wealth? On this episode of the Dentist Money Show, Matt, Victoria, and Ryan discuss choices, strategies, and mindset that will help you navigate the fine line between status and wealth.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#554: Two Cents 8/31 - Fed Cut in September?; NVIDIA Absurdity; Supreme Court Decision on Student Loan Relief Aug 31, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt and Rabih review the current major factors impacting the economy, which include the Q2 GDP numbers and the possibility of the Federal Reserve cutting rates in September. They then discuss the continued growth of NVIDIA even in a volatile market. and how they have doubled their revenue in a year. Finally, with the recent Supreme Court ruling on the Student Loan SAVE plan, they address what the next steps for student debt relief might look like.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#553: The First Financial Question We Ask Every Dentist - Part 2 Aug 28, 2024

Debt can evoke a range of emotions—how do you feel about yours? In this episode of the Dentist Money Show, Matt, Will, Jake, and Victoria continue discussing the money questions they ask every dentist. In part 2 of the discussion, they dive into the psychology of debt and explore how feelings and debt tolerance can influence important investment decisions.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#552: TL;DR - This is Why You Should Invest Aug 26, 2024

TL;DR - Too Long Didn't Read

In our new TL;DR series episode, Jake reads his latest blog post which recounts a childhood memory and explores the power of long-term investing and the the stock market.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#551: Two Cents 8/24 - Interest Rate Cuts; Stock Market Dips; Pumpkin Spice Lattes Aug 24, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Jake, Victoria, and Rabih dive into the recent Federal Reserve symposium and what will happen next to interest rates. They review the early August stock market dip and why it's important to understand that dips are a normal occurance in the market. Finally, they discuss the release of the pumpkin spice latte and if it has any impact on the stock market.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#550: Building Your Child’s College Savings Fund Aug 21, 2024

College costs are rising every year. The projected cost of a four-year college degree in 2035 is estimated to be almost $500,000. Saving for your child’s college education can feel overwhelming. When is the “right time” to start saving? On this episode of the Dentist Money Show, Matt, Victoria, and Ryan review four ways to save for your child’s education.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#549: Two Cents 8/17 - Unemployment; Wealth of Millennials; Amount of Dentists with DSOs Aug 17, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Taylor, and Rabih explore the different ways to interpret unemployment metrics and the importance of job openings and the labor force. They also cite data on how millennials have more wealth than Gen X or baby boomers did at the same age. Lastly, they discuss the percentage of dentists associated with DSOs and mention that it's important to make decisions based on your own circumstances.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#548: The First Financial Question We Ask Every Dentist - Part 1 Aug 14, 2024

When was the last time you answered the question: What about money is most important to you? This is the question we explore with every dentist when we begin working with them. Understanding a person’s values helps to prioritize the financial plans and goals they should set. On this episode, join Matt, Will, Jake, and Victoria as they explore the importance of finding financial peace over financial freedom.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#547: TL;DR - 4 Factors in Planning Your Child’s Financial Future Aug 12, 2024

What are the best ways for dentists to save for their child’s college education?

Over the last two decades, college tuition at private and out-of-state universities has increased by about 40%. For in-state schools, tuition grew by 56% over that same time period. Assuming this trend is unlikely to stop makes it more important than ever to plan ahead for your kids’ education. And the consequences of getting it wrong are becoming more expensive.

In our new TL;DR series, Victoria reads her latest article about the most common accounts dentists can use to save for their kids’ education.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#546: Two Cents 8/10 - Carry Trades and the Japanese Stock Market; Dolphins and Retirement Savings; Investing in Silver Aug 10, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih discuss the crash of the Japanese stock market due to the carry trade. Then, they review a new study about how dolphins "invest and save" for rewards, and the retirement saving lessons that can be learned from dolphins. Finally, they address a client's question of whether one should own silver as an investment

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#545: 4 Rules To Live Your Rich Life Aug 07, 2024

What is the relationship between happiness and wealth? Research shows that a truly rich and happy life is often driven by non-monetary factors like physical health and strong relationships. On this Dentist Money Show, Matt, Ryan, and Victoria provide four rules to live a rich life: prioritize your health, invest in relationships, spend with intention, and find your why. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#544: Two Cents 8/3 - Uneven Financial Sectors; Presidential Economic Power; Third Generation Financial Curse Aug 03, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih review the latest changes from the Federal Reserve and the different indicators of a potential recession. They explain how the Federal Reserve operates as an independent entity and if the President has the power to change interest rates. Finally, they discuss generational wealth and the concept of the "third generational curse", which suggests that most families lose their wealth by the third generation.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#543: Gold Medal Tips for Successful Investing Jul 31, 2024

The Olympics give us a chance to watch world-class athletes, whose precisely planned training programs are four years in the making, go for gold. While more long-term, the strategies used by successful investors are strikingly similar. On this Dentist Money Show, Ryan, Matt, and Victoria look at the individual traits and habits that both gold medal athletes and savvy investors share. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#542: Fan Favorite - Try This if Goal Setting Isn’t Working – Episode #320 Jul 29, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Here’s the issue with setting goals: they often tackle symptoms instead of the root problem. That doesn’t mean goal-setting is worthless, but to accomplish the things you want requires a different mindset. If you're not reaching your goals, the problem might not be you. On this episode of the Dentist Money™ Show, Ryan and Matt present a framework to help you achieve your long-term objectives. Book a free consultation with a CFP® advisor who only works with dentists.

#541: Two Cents 7/27 - Market Overreaction; Boomers Retiring; Southwest Changes Jul 27, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt and Rabih analyze the recent market drop and attribute it to a rebalancing effect caused by tech company earnings. They talk about boomers retiring and the impact on the job market, which could lead to labor market imbalances. Finally, the conversation shifts to the recent announcement by Southwest Airlines to eliminate open seating and offer assigned seats, highlighting the need for the company to adapt to changing customer preferences and market dynamics.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#540: The Summit Experience: Women's Money Circle Takeaways Jul 24, 2024

Why does money evoke such deep emotions? Discover what participants in the Women's Money Circle, held at the recent Dentist Money Summit, learned about their relationship with money and why incorporating personal values into financial decisions brings clarity. On this Dentist Money Show, Matt, Victoria, Lauren, and Productive Dentist Academy’s Christine Uhen, share their experiences at the Women’s Money Circle. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#539: Two Cents 7/20 - Largest IT Outage; Mindless Spending; Elections & Stock Market Jul 20, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Will, and Taylor talk about the IT outage that impacted various industries and caused major disruptions worldwide. They discuss how Amazon Prime Day broke records with $14.2 billion in sales, highlighting the power of consumer spending. Finally, they talk about the misconception that the president's political party has a significant impact on the stock market. Finally, they emphasize the importance of being intentional with spending.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#538: 10 Mistakes That Could Cost You $10K or More - Part 2 Jul 17, 2024

"Some of us learn from other people's mistakes and the rest of us have to be other people." So said Zig Zigler. While mistakes are part of being human, and it’s important to learn from your own, it is much better when you can learn from others. On this episode of the Dentist Money Show, Matt and Victoria add five more ways dentists typically lose money to complete their 10 mistakes-to-avoid list. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#537: Fan Favorite - Dentistry’s Great, But Are You Running in Circles? – Episode 313 Jul 15, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Making random decisions with your money over a long period of time can lead to disaster. How can you avoid financial catastrophe and end up exactly where you want to go? On this episode of the Dentist Money™ Show, Ryan and Matt offer three steps you can take to ensure you’re making financial progress and following the road to success. Book a free consultation with a CFP® advisor who only works with dentists.

#536: Two Cents 7/13 - Recession Indicators; Living Paycheck to Paycheck; Status of HSAs Jul 13, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Jake, and Victoria explore the indicators of a recession, such as the unemployment rate and the inverted yield curve. The conversation then shifts to the changing spending habits of Americans, with more people going on vacations and complaining about living paycheck to paycheck despite their discretionary spending. Finally, they talk about HSAs and investing HSA funds for long-term growth, while also acknowledging the need to balance current healthcare costs.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#535: Why You Might Regret a DSO Sale Jul 10, 2024

When it comes to a DSO deal and the money that is often involved, it’s hard to be too critical. Unfortunately, many dentists are surprised by trade-offs that leave them wishing they had just turned their back on the sale. On this episode of the Dentist Money Show, Ryan and Matt take a look at the other side of DSO deals and examine why many dentists regret their decision. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#534: Two Cents 7/6 - Deficit; Debt; America's Financial Health Jul 06, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt and Rabih discuss the topic of the deficit and its impact on America's financial health. They explain the difference between deficit and debt and how deficits accumulate over time to form the outstanding debt level. They also talk about the lasting economic effects of laws and acts passed by presidents, the concept of good and bad debt, and the debt-to-GDP ratio.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#533: How Investment Returns Are Actually Calculated Jul 03, 2024

Getting the right number for your investment returns should be simple … right!? But there are actually several factors that go into an accurate calculation. On this episode of the Dentist Money Show, Ryan and Matt invite Rabih Dimachki, CFA and Director of Investment Strategy at Dentist Advisors, to explain why getting the exact ratio for a return on an investment is so complicated. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#532: Fan Favorite - 7 Mistakes Dentists Make That Ruin Retirement – Episode 298 Jul 01, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. According to tradition the seven deadly sins that keep you from reaching heaven are: envy, gluttony, greed or avarice, lust, pride, sloth, and wrath. And the seven big mistakes that can wreck a dentist’s retirement can be just as financially deadly to your net worth. On this episode of the Dentist Money Show, Ryan and Matt list seven financial blunders that prevent you from having enough at retirement. Book a free consultation with a CFP® advisor who only works with dentists.

#531: Two Cents 6/29 - IRS Penalties; Tax Planning; Taylor Swift's Impact on the Economy Jun 29, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih give updates on inflation and underpayment penalties from the IRS. They talk about the importance of proactive tax planning and working with a proactive CPA to avoid underpayment penalties, and emphasize the importance of being organized and proactive when managing taxes and finances. Finally, they talk about Taylor Swift and her impact on the music industry and the economy.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#530: What Dentists Spend Money On: Key Insights From the Summit Jun 26, 2024

At the recent Dentist Money Summit, attendees were asked some intriguing questions about their spending habits. Hear what your peers do with their money—what’s the best thing they have spent money for and what they hate spending money on. Ryan and Matt look at where the money goes and how lifestyle, intentional, and mindless spending affect dentists on this episode of the Dentist Money Show. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#529: Two Cents 6/22 - LIVE at the Dentist Money Summit 2024 Jun 22, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, Ryan, and Rabih record live at the Dentist Money Summit 2024 hosted in Park City, UT. They speak optimistically about the economy and then go into the pros and cons of renting versus homeowning. Then, they discuss what the opposite of a budget is and why you need to know the difference. They wrap up with an importance of doing a mid-year financial checkup.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#528 - Living a Rich Life: Aligning Your Money With Your Values Jun 19, 2024

Where do finances fit in the formula for living a rich life? After all, a truly rich life should include meaningful relationships, good health, personal growth, as well as living comfortably. So how do you cultivate a values-based life? On this episode of the Dentist Money Show, Ryan, Matt, Victoria, and Jake explain why getting rich and living a rich life are two very different things. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#527: Fan Favorite - What’s the Very Least You Should Save? – Episode 295 Jun 17, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. “What’s the minimum amount I can save and still be OK in retirement?” It’s a question many dentists ask as they navigate the tradeoffs of both life and business. On this episode of the Dentist Money™ Show, Ryan and Matt look at what maxing out today’s spending by saving a minimal amount might mean over the long run. While it’s extremely personal, knowing the adjustments you may need to make can help you still enjoy the future. Book a free consultation with a CFP® advisor who only works with dentists.

#526: Two Cents 6/15 - Federal Reserve Updates; Inflation & Deflation; Student Loan Forgiveness Jun 15, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Taylor, and Rabih provide updates on the Federal Reserve's meeting in June, and Jerome Powell's comments on interest rates. They highlight micro pockets of deflation in various consumer areas. Additionally, they share important information for individuals on income-driven repayment plans for student loans, including the IDR account adjustment and the need to update contact information with loan servicers.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#525: 10 Mistakes That Could Cost You $10K or More - Part 1 Jun 12, 2024

It takes hard work to run a profitable practive. Hard work that can be ruined by the financial perils that await every dentist. That’s why it helps to know the common money mistakes dentists make—mistakes that could already be costing you. On Part 1 of this episode of the Dentist Money Show, Matt and Victoria talk about five ways dentists typically lose money—and how to avoid them. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#524: Two Cents Of 6/10/2024 - Race for Lower Interest Rates; GameStop Saga; Challenges of Getting Financial Advice Jun 08, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Will, and Rabih discuss if the Federal Reserve will cut rates. Next, they dive into the GameStop phenomenon, highlighting the role of retail investors and the impact of social media on the stock market. Finally, they touch on the difficulties of finding reliable financial advice and the new fiduciary standard for financial advisors.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#523: 3 Fitness Principles That Will Improve Your Finances Jun 05, 2024

There are numerous correlations that can be drawn between maintaining good physical health and building your wealth. And while the analogies are easy to make, one constant that often results in failure at both is human nature. On this episode of the Dentist Money Show, Ryan and Matt talk about their favorite topics—the gym and money—and three principles for fitness and financial success. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#522: Fan Favorite - I Bought Permanent Life Insurance, Now What? – Episode 293 Jun 04, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Is buying permanent life insurance a permanent mistake? Insurance agents say there are benefits to support purchasing permanent insurance, but are their points valid? On this episode of the Dentist Money™ Show, Ryan and Matt look into the debate that surrounds whole life insurance and explain why mixing insurance and investments in the same financial instrument might not be the best strategy. Book a free consultation with a CFP® advisor who only works with dentists.

#521: Two Cents of 6/3/2024 - Q1 Earnings Part 2; Inflation; Is There a Secret To a Happy Life? Jun 01, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih continue Q1 earnings reports from the previous episode and delve into the significance of inflation and the Fed's policy. They explore the concept of purpose and its impact on happiness and well-being. Is there truly a secret to a happy life?

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#520: Financial Advisors vs AI: The Power of Human Insight May 29, 2024

Everyone seems to be worried about the threat of artificial intelligence on jobs in the future. Funny thing though, it was only a few years ago that roboadvisors were going to replace financial advisors. AI has already lost that battle. On this episode of the Dentist Money Show, Ryan and Matt explain why people prefer advice from another human who understands their financial dreams and fears. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#519: Two Cents of 5/27/2024 - Q1 earnings; How much Americans save; Is the stock market rigged? May 25, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Jake, and Rabih analyze Nvidia's Q1 earnings and the trend of beating analysts' expectations. They touch on the psychology of spending and saving and the economic implications of higher savings rates. Finally, they provide statistics that show the increasing probability of positive returns of long-term stock investments.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#518: 10 Popular Financial Strategies: Overrated or Underrated? May 22, 2024

We’re constantly bombarded with information about how to improve our financial well-being—there seems to be no shortage of ways to get ahead financially. While many sound great in theory, do they really measure up when put into practice? On this episode of the Dentist Money Show, Matt and Victoria talk about 10 popular financial strategies that they believe are overrated, underrated, or rightly rated. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#517: Two Cents Week of 5/20/24 - Inflation Reduction; Car Insurance Increase; GameStop and Reddit Update May 18, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Victoria, and Rabih discuss the the recent reduction on inflation and the impacts it can have. They also discuss the rising costs of car insurance and call back stats to provide some reasoning why car insurance has shot up recently. Finally, they go through the events of GameStop and Reddit users and how the market and internet has adapted to recent events.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#516: Fan Favorite - Strategies to Use for Kids Savings – Episode 292 May 17, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. You know that kids are expensive. Should you be saving for their future? Some dentists say ‘yes’, others choose not to. No matter what you decide, you should know the children’s savings options available to you—529 education accounts, minor Roth IRAs, UTMA accounts, etc—so you can do what’s best for your family. On this episode of the Dentist Money™ Show, Ryan and Matt discuss saving strategies for minors. Book a free consultation with a CFP® advisor who only works with dentists.

#515: Maximizing Returns: The Role of Time in Investing May 15, 2024

Our brains are wired to think linearly. As a result, the long-term returns of some investments often surprise us. But if a little growth is the fuel for future growth, what we should do as investors is learn to harness that exponential power. On this episode of the Dentist Money Show, Ryan and Matt explain why time plays such a significant role when it comes to maximizing investment returns. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#514: Two Cents Week of 5/13/24 - Disappearing Stock Market; History and Stock Market Returns; Optimistic Retirement Age May 11, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week. 

On this episode, Matt, Jake, and Rabih discuss the historical number of stocks available to be traded in the US stock market and why that number has shrunk from decades past. They discuss whether the stock market is still a viable asset to be invested in. Finally, they end with a study about people's overenthusiatic estimate on how long they can continue work without retirement.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#513: Why Less Is More: Insights from 'The Paradox of Choice' May 08, 2024

Everyday decisions have become increasingly complex due to the staggering number of options we have. In his seminal work, The Paradox of Choice, Barry Swartz offers insights on how to handle choice overload and decision-making paralysis. On this episode of the Dentist Money Show, Ryan, Matt, Victoria, and Will review his book and talk about why an abundance of choices doesn’t necessarily bring greater satisfaction. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#512: Two Cents Week of 5/6/24 - Fed's Inflation Response; Ban of Non-Compete Agreements; Economics of Car Ownership May 04, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Will, and Rabih review the Fed's recent response to inflation and the effect on interest rates. They also discuss the FTC's ban on non-compete agreements and how that could affect dentists. Finally, they analyze the economics of car ownership and why the average age of cars on the road is increasing.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#511: Fan Favorite - Do I Really Need a Financial Advisor? – Episode 289 May 03, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. “When is it time to get financial help?” Like many issues that deal with money, the answer is personal for each individual. On this episode of the Dentist Money™ Show, Jake Elm, CFP® at Dentist Advisors, joins Ryan to take on the question and explain the reasons why earlier may be better for long term goals. They also relate why the power of being held accountable to someone else motivates people to take action. Book a free consultation with a CFP® advisor who only works with dentists.

#510: IRS Warns of the “Dirty Dozen” Bogus Tax Schemes May 01, 2024

Each year the IRS sends out its “Dirty Dozen” list of tax schemes. It’s a warning to taxpayers to shun the bogus tax strategies on the list—and knowing what to avoid is meant to protect you from these scams and their fraudulent promoters. On this episode of the Dentist Money Show, Ryan and Matt illustrate how quickly you can get into trouble when trying too hard to find tax avoidance strategies. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#509: Two Cents Week of 4/29/24 - Data's Effect on The Fed; Stock Risk and Diversification; More Student Loan Updates Apr 29, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Taylor, and Rabih explore the impact of data on the Federal Reserve's economic projections and how it affects the market. They also respond to a recent listener's comment about the riskiness of stocks. Finally, they provide the newest updates on student loan forgiveness programs and important upcoming deadlines.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#508: Understanding the Basics of Invisible DSO Partnerships Apr 26, 2024

As the dental industry evolves, Invisible DSOs are becoming pivotal in influencing the future. Operating behind the scenes, “invisibility” denotes their unique blend of support and autonomy, making them an attractive option to many dentists. On this episode of the Dentist Money Show, Matt and Chip Fichtner, Prinicpal at Large Practice Sales, discuss the nuts and bolts of Invisible DSO partnerships. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#507: Beyond a Resume: Rethinking the Hiring Process Apr 24, 2024

When hiring, does past practice experience eclipse key performance factors like learning speed and the ability to handle stress? In a tight employment market, focusing more on natural talents and strengths can help you secure top talent. On this episode of the Dentist Money Show, Ryan talks with Dr. Michael Neal, Founder of Build My Team, about how to find the right people for your practice. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#506: Two Cents Week of 4/22/24 - Market Sell-off; Student Loan Forgiveness Update; Do You Feel Rich? Apr 22, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Jake, and Rabih give an update on the recent market sell-off. They analyze the latest news about plans for student loan forgiveness. And finally, they discuss a recent study about what makes people feel rich.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#505: Fan Favorite - The Laws of Liquidity – Episode 280 Apr 19, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. The need for a cash safety net is a requirement for your practice—plus you or your family need emergency funds to protect against uncertainty. On this episode of the Dentist Money Show, Ryan and Matt discuss how planning ahead should be part of your liquidity triumvirate. Find out how much you should be putting towards each and determine the best way to tuck away those funds so they’ll be there when you need them. Book a free consultation with a CFP® advisor who only works with dentists.

#504: In Pursuit of a Balanced Life: Wealth vs. Health Apr 17, 2024

The grueling path from dental school to successful ownership includes an extreme swing from being cash-strapped to being flush with cash. As they navigate this journey, more dentists are struggling to figure out what truly brings happiness. Ryan and Dr. Richard Low, explore what it means to be financially free on this joint episode of the Dentist Money Show and Shared Practices Podcast. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#503: Two Cents Week of 4/15/24 - The Global Race of Cutting Rates; Comparing vs Prioritizing Wealth; Dirty Dozen Tax Scams Apr 15, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Victoria, and Rabih discuss global banks reducing rates. They dive into why different generations feel wealthier than others with studies on social media's influence on wealth comparison. They also review the importance of starting a financial plan and common reasons why people are intimidated to start. Finally, they go through Tax Day facts, the annual dirty dozen tax scams, and what fraud claims the IRS is cracking down on.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#502: How AI Can Enhance Dental Care Delivery Apr 12, 2024

New technology is increasingly crucial for dentistry as it enhances efficiencies and patient care resulting in increases to both revenue and patient satisfaction. The challenge is finding the right innovations that fit your needs. On this episode of the Dentist Money Show, Ryan interviews Pedro Becker, founder of Axle, a centralized dental platform that helps practices capitalize on AI. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#501: Risks You Don’t See Coming: A Review of "Same as Ever" by Morgan Housel Apr 10, 2024

On this episode of the Dentist Money Show, Ryan, Matt, and Victoria examine how Morgan Housel guides investors past uncertainty by revealing what remains constant. “Want to understand the changing world? Start with what stays the same.” So counsels Housel, a name you’ve heard many times on our podcast. And now he gets a show devoted specifically to his advice as we review Same As Ever, his new book.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#500: Two Cents Week of 4/8/24 - High Gold Prices; Apple's Antitrust Lawsuit; Investing During Mercury Retrograde Apr 08, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Victoria, and Rabih discuss the reasons why gold prices are at an all-time high. They also analyze the recent antitrust lawsuit filed against Apple and what the lawsuit could mean for investors. Finally, they examine if Mercury retrograde has any influence on the stock market.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#499: Fan Favorite - What’s Your Real Income? Here’s Why Most Dentists Get It Wrong. – Episode 276 Apr 05, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Determining how much money stays in your pocket is key to saving effectively, paying down debt, or buying that vacation home you dream about. On this episode of the Dentist Money™ Show Ryan and Matt look at the difference between taxable income and gross cash flow. There are four sources that determine a practice owner’s actual income. To do any planning for the future, it’s important that you get the math right.

Book a free consultation with a CFP® advisor who only works with dentists.

#498: The Essential Building Blocks of Estate Planning Apr 03, 2024

As a practice owner, you need to think about how to transfer your business in the event of death or disability. A thorough estate plan includes powers of attorney for medical and financial decisions, as well as ownership considerations. On this episode of the Dentist Money Show, Ryan welcomes Natalie Perry from Harrison LLP to talk about estate plan basics and some major changes that are coming. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#497: Two Cents Week of 4/1/24 - Stock Market in Q1; Overall World Happiness; The Human Brain and Retirement Apr 01, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Victoria, and Rabih discuss the stock market's reaction to the Fed's meeting news. They also explore the misalignment between the narrative and the reality of the economy, GDP, earnings, and quality of life. Finally, they examine why it is so hard for the human brain to start thinking and saving for retirement.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#496: Reimagining Retirement: Strategies for a Fearless Transition Mar 27, 2024

Working with a reduced schedule as you ease into retirement allows for a smoother transition, gives you added purpose, and extends the longevity of your savings.

On this episode of the Dentist Money Show, Ryan and Kiera Dent, CEO and Founder of the Dental A Team, talk about the importance that meaningful work brings to your life and the benefits that can come with extending your dental career.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#495:Two Cents Week of 03/25/24 - The Fed and Economic Health; New Research on Happiness; Spending in Retirement Mar 25, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Will, Victoria, and Rabih discuss the Federal Reserve's recent meeting and their projections for the economy. Then they delver into a study that shows a decline in happiness among young Americans. And finally, they explore trends in spending during retirement.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#494: DSO Dynamics: The Trends You Need to Understand Mar 20, 2024

Due to shifting market conditions, the DSO landscape is changing with private equity firms adjusting to new circumstances—but DSOs are still looking for the right practices that have a strong EBITDA and potential for growth. On this episode of the Dentist Money Show, Ryan and Brannon Moncrief, Principal and CEO of McLerran & Associates, look into the current trends of DSOs and dentistry. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#493:Two Cents Week of 03/18/24 - Upcoming Fed Meeting; Real Estate Changes; Alternative Investments Mar 18, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Ryan, and Rabih discuss projections ahead of this week's Fed meeting, including inflation and unemployment rates. They explore the problems and possible solutions with the current high commission structure in real estate. Finally, they analyze if alternative investments yield higher returns.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#492: Fan Favorite - “What I Wish I Knew When I Was 22” Episode 272 Mar 15, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. As you look back, did the lessons you learned about money shape your today for the better? Or, did the money mistakes of your youth bias how you think about investing? Experience may be the best teacher and on this episode of the Dentist Money™ Show, Matt and Ryan examine some of their early money decisions and offer some compelling advice to their younger selves that you can use right now. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#491: Succeeding at the Business of Dentistry with Dr. John Meis Mar 13, 2024

Practice ownership is becoming more challenging than ever before, and it’s not because of clinical issues. Increasing pressures are coming from managing a small business—marketing, team building, and balancing work with a personal life. On this episode of the Dentist Money Show, Ryan and Dr. John Meis, a fourth generation dentist and co-founder of The Team Training Institute, explore how to succeed in the ever changing landscape of dentistry. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#490:Two Cents Week of 03/11/24 - Trading in uncertain times; Bitcoin; Structured investment products; Spending habits Mar 11, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Jake, and Rabih discuss trading in uncertain times and the use case for Bitcoin. They explore the benefits of structured investment products, like structured notes, and the role of marketing in selling these products. Finally, they review the psychology of spencing habits and impact that they can have on personal finances.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#489: Dr. Daniel Crosby: Human Behavior's Influence on Investing Mar 06, 2024

On this Dentist Money Show, Ryan and Matt welcome Dr. Daniel Crosby, renowned psychologist, best-selling author, and expert in behavioral finance. Dr. Crosby explains why our brains are wired for survival and not for the complexities of investing—and what you can do to navigate that limitation. Plus he explores the influence of the media on our financial decisions and the pitfalls that come from overconfidence.

Dentist Advisors' February Book Club book was Dr. Crosby’s “Laws of Wealth” and Daniel will be a featured speaker at the upcoming Dentist Money Summit, June 21-22, 2024. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#488: Two Cents Week of 3/4/2024 - Global Impact of Japan's Economy; Student Loan Repayment Strategies; The Market's Biggest Risk Mar 04, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.  

On this episode, Matt, Taylor, and Rabih discuss the revival of Japan's economy and highlight the importance of global diversification in investing. They provide an update on the state of student loan repayments and analyze the most commonly used student loan repayment strategies. Finally, they provide their thoughts on the biggest risks for the current market.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#487: Fan Favorite - “When to Switch From a Simple IRA to a 401(k)” – Episode 268 Mar 01, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Simple IRA or 401(k), which retirement plan is best for your dental practice? During your dental career, when should you use a Simple IRA, or 401(k)? Knowing the answer could add hundreds of thousands of dollars to your net worth. On this episode of the Dentist Money Show, Ryan and Matt examine the pros and cons of Simple IRAs and 401(k)s. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#486: Women and Wealth: Overcoming the Investment Gap Feb 28, 2024

Balancing a dental practice, a household (often with children), and a myriad of other duties can be a major challenge for women in dentistry. Investing, saving for retirement, and pursuing financial goals can get lost in the shuffle. On this Dentist Money Show, Matt, Victoria, and Megan explore the history of women’s financial rights and why women need to bridge the investment gap. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#485:Two Cents Week of 02/26/24 - Stock market & economy correlation; Identifying trustworthy financial advice; Student loan strategies Feb 26, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Victoria, and Rabih ponder if the stock market and economy are speaking the same language, and they discuss who you should trust with your money and why. They provide ideas for student loan repayment strategies. Finally, they give insight to a practice owner who feels behind on their retirement savings.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#484: Mastering the Growth Game with Laura Maly & Michael Anderson Feb 21, 2024

Culture is a crucial ingredient for practice success. Good culture attracts the right talent, the right kind of client, and creates the right reputation. On this Dentist Money Show, Ryan talks with Laura Maly and Michael Anderson of the Wonderist Agency, a dental-specific marketing agency, about why they believe if there is harmony on the inside of your office, it will show on the outside. Listen to learn the four pillars of culture that can create greater office unity. Laura and Michael will be featured speakers at the upcoming Dentist Money Summit, June 20-22, 2024.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#483:Two Cents Week of 02/19/24 - S&P 500 Milestone; Forgotten 401(k)s; Disability Insurance; Home Buying vs. Practice Feb 19, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Victoria, and Rabih discuss the factors that contributed to the S&P 500 reaching 5,000 levels. They also explore the importance of not forgetting about old 401(k) accounts and the potential consequences of neglecting them. Then they analyze whether disability insurance is worth it and share a personal story that highlights its importance. Finally, they address the dilemma of whether to buy a house or a practice first, providing insights and considerations for dentists facing this decision.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#482: Fan Favorite - “A Warren Buffett Investment Secret You Can Mimic” – Episode 267 Feb 16, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Warren Buffett is considered a superstar investor and is probably the most well-known name in the investment world. Numerous books have been written about the fundamentals Buffett has followed on his way to creating a fortune. On this episode of the Dentist Money Show, Ryan and Matt reveal a surprising ingredient to Buffett’s success that is often overlooked. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#481: Pushing Past Your Limits: Lessons From “The Iron Cowboy” Feb 14, 2024

James Lawrence, famously known as “The Iron Cowboy”, recounts his incredible quest of conquering 50 Ironman triathlons in 50 days in 50 different states chronicling the many challenges he faced, including profound physical exhaustion. On this Dentist Money™ Show, Ryan and Matt illustrate why James' persistence should resonate with every dentist who is navigating their own demanding journey. James will be our featured keynote speaker at the upcoming Dentist Money Summit, June 20-22, 2024. Registration is open at www.dentistmoneysummit.com.

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#480:Two Cents Week of 02/12/24 - American Spending; Magnificent 7; Perils of Sports Gambling Feb 12, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Taylor, and Rabih analyze American spending trends, discuss if the Magnificant 7 companies are in a bubble, and they discuss data from a recently released report on the perils of sports gambling. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#479: Unlock Your Financial Potential: The Power of a Good Coach Feb 07, 2024

Want to improve your relationship with money? Then you need help developing solid wealth-building strategies and good financial habits. So, who is best equipped to do that, an experienced investor or a skilled financial coach? On this Dentist Money Show, Matt and Victoria explain how a recent company ski trip illustrated the power of good coaching vs. real world know-how. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#478:Two Cents Week of 02/05/24 - Federal Reserve Meeting Update; Commercial Real Estate; Super Bowl Bets Feb 05, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this episode, Matt, Ryan, Jake, and Rabih discuss the impact of the recent Federal Reserve's meeting on the market, the concerns surrounding commercial real estate, and how a $6 billion company can go bankrupt. They also explore the topics of investing at all-time highs and Super Bowl prop bets. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#477: Fan Favorite - “Why Dentists Underestimate Their Income, and Why That Matters” – Episode 252 Feb 02, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. “How much money do I even make?” It’s one of the most common questions dentists ask their financial advisors. On this episode of the Dentist Money Show, Ryan and Matt examine why understanding dental income is so complex—and explain why knowing the right number for your income is central to making good financial decisions. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#476: Listener Q&R #6 - Passive Income; Own or Lease? Jan 31, 2024

How should I invest $250,000 in extra funds? Is it possible to generate passive income by owning a dental office that doesn’t have my active involvement? Should I sell my building, lease it back, and use the money I make to invest? On this listener Q&R (Question and Response) episode of the Dentist Money Show, Ryan and Matt answer financial questions from our loyal listeners. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#475: Two Cents Week of 01/29/24 - Year-End Economic Data Analysis; FINCEN and BOI; IRS Filings Jan 29, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this show Matt, Ryan, Victoria, and Rabih discuss what recent economic data tell us about how we ended 2023; what is FinCEN and BOI reports and why should you care; and will the IRS finally let us file taxes directly. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#474: What Happened? Behind 2023’s Failed Market Forecasts Jan 24, 2024

Knowledgeable stock market analysts had a lot to say about 2023 a year ago, but now that it has come and gone, how accurate were those forecasts? On this Dentist Money Show, Ryan, Matt, and Rabih take advantage of hindsight to look at why market predictions usually miss their mark and how keeping a focus on managing risk is most crucial when navigating the market. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#473: Two Cents Week of 01/22/24 - Inflation; Dave Ramsey vs. childcare costs; loan servicer problems Jan 22, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this show Matt, Will, and Rabih review the recent numbers for inflation, jobs, and the market; analyze Dave Ramey's latest viral opinion on childcare costs; and give an update on problems with student loan servicers. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#472: Fan Favorite - “4 Financial Signals That Can Distract You From Accumulating Wealth” - Episode 251 Jan 19, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Are you confident you’re following the right financial indicators on your road to retirement? Maybe you closely follow short term stock market changes, or you’re fixated on opening more locations. On episode #251, Ryan and Matt explain why, when your long-term focus wavers, you may need to be reminded about the retirement signals that really matter. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#471: Mastering the Growth Game with Dr. Richard Low Jan 17, 2024

Your heart and soul go into starting up a practice, but as success comes and your energy wanes, do you really need to keep pursuing more growth? On this Dentist Money™ Show, Ryan talks with Dr. Richard Low, of Shared Practices, about his entrepreneurial journey and why he believes one large practice provides most dentists with more fulfillment, problems, and money than they know what to do with. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. Richard will be a featured speaker at the upcoming Dentist Money Summit, June 20-22, 2024.

#470: Two Cents Week of 01/12/24 - Bitcoin Spot ETFs; Why Prioritize Nuance Jan 15, 2024

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.   On this show Matt, Taylor, and Rabih talk about a new SEC ruling on Bitcoin Spot ETFs that garnered a lot of attention from Wall Street this past week, and discuss why general “rules of thumb” don’t cover the nuances that make each individual’s financial situation unique.  Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#469: Life and Money Lessons from Charlie Munger Jan 10, 2024

“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” On this Dentist Money™ Show, Matt and Jake talk about the late, great Charlie Munger, one of the most successful investors of all time, and how his perseverance, wit, and wisdom helped to make him a legend in the financial world. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#468: Two Cents 01/01/24 - Big 2023 for the S&P; What’s in Store for 2024? Jan 05, 2024

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news.   On this show Matt, Jake, and Rabih look at what drove the 25% increase in the S&P 500 in 2023, offer a few tips on how to trick your brain into being better with money so you can meet your New Year's financial resolutions, and look at past trends on how the market historically acts from year to year. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#467: 10 Questions to Ask Before Hiring a Financial Advisor Jan 03, 2024

There’s a lot of know-how—debt, taxes, legal, estate, insurance, retirement planning, and more—that goes into helping a dentist make smart financial decisions. Asking the right questions can make finding a good advisor easier. On this Dentist Money Show, Ryan and Matt explain why, for your advisor to have the biggest impact, they need to know the intricacies of being a dentist. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#466: Fan Favorite - “How to Determine if Your Retirement Goals Are on Track” - Episode 234 Jan 01, 2024

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Is “When can I retire” the right question to ask? Individual lifestyle and economic uncertainty affect any projections, and additional complexity may need even more in-depth discussion. On episode #234, Reese and Ryan look into some of the factors that affect retirement planning and how you can make sure you understand what it takes to be financially independent. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#465: Two Cents 12/25/23 - Predicted GDP Growth; Why Invest in Relationships? Dec 29, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Victoria, and Rabih look at the economic factors that drove market returns in 2023 to a surprising high, wonder whether the fight against inflation may be slowing with interest rates predicted to go down in 2024, and explain why they believe hanging out with friends more in the coming year should be part of your New Year’s resolutions. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#464: Year-End Advice for Practice Owners Dec 27, 2023

On the final Dentist Money Show for 2023, Ryan and Matt are joined by keynote speakers from the recent “The Making of ___” conference, Kiera Dent, Josh Scott, and Dr. Ashley Joves who offer their million dollar advice for dentists. And to get a sample of what’s in store for you at June’s Dentist Money Summit, hear how they answer the question, “What does it mean to live a rich life?” Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#463: Two Cents 12/18/23 - Recap for 2023; Look Ahead to 2024 Dec 22, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On a show more focused on personal reflection, Matt gathers the entire Dentist Advisor advisory team to take a look back at what happened in 2023 to help them grow individually; and to then take a look ahead at the personal improvements they want to make for 2024. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#462: 5 Tax Write-offs Every Dentist Should Know Dec 20, 2023

As a small business owner, the cost of operating your practice is huge. And reducing your tax bill is often top of mind. Every dentist should understand how to use tax deferrals and tax deductions to keep their taxes as low as possible. On this Dentist Money Show, Ryan and Matt look at several tax strategies dentists can use that will help them keep more of their hard-earned money. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#461: Fan Favorite - “How Enduring Volatile Markets Leads to Success” - Episode 237 Dec 18, 2023

Enjoy a replay of another one of our most popular Dentist Money Show episodes. Can you find financial calm when everything seems so unstable? On episode #237, Reese and Ryan talk about why a carefully constructed portfolio that fits your personality and long-term goals can help you feel confident when others have the stock market jitters. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#460: Two Cents 12/11/23 - Santa Claus Rally; Decision Fatigue Dec 15, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news.   On this show Matt, Victoria, and Rabih delve into the latest unemployment and inflation numbers and explore why the FED remains so calm when it comes to the economy. And they examine why the overload of decisions every individual faces daily causes fatigue, diminishing our ability to make sound choices as the day progresses. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#459: One Dentist’s Journey From Associate to Owner Dec 13, 2023

You know the quest to buy a practice can be fraught with challenges. Before taking the ownership plunge, it would be good to know what the full process is like. On this Dentist Money Show, Matt and Jake get an in-depth look at what it takes to buy a practice from a dentist who recently became an owner. Abhishek Desai shares insights into what he learned on his long journey to ownership. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

The guest being interviewed on this episode is a client of Dentist Advisors.
No cash or non-cash compensation was provided in connection with our guest’s participation and his/her permission for Dentist Advisors to use, publish, stream, and broadcast all or part of this episode originally recorded on November 8, 2023, including the guest’s favorable testimonial of Dentist Advisors.
Dentist Advisors provides investment advisory services and other, non-advisory services for certain of its clients. The guest who participated in this episode provided the testimonial for Dentist Advisors’ use without any payment or arrangement for compensation, discounts, or other benefits.

#458: Two Cents 12/04/23 - Market Update; Sports Betting; Love & Money Dec 09, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Will, and Rabih look at the reasons why the market has been so bullish lately; talk about what’s behind the surge in sports betting; and offer a few tips on how to handle money when in a relationship. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#457: Listener Q&R #5 - 529 Tuition Plans; Precious Metals & Crypto Dec 06, 2023

Is it a good financial move to pay off your mortgage early? What exactly are the tax advantages of 529 qualified tuition plans? And, where do precious metals and crypto fit when trying to build a diversified portfolio? On this listener Q&R (Question and Response) episode of the Dentist Money Show, Ryan and Matt answer financial questions from our loyal listeners. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#456: Fan Favorite - “Why a 10% Savings Rate Won’t Cut It for a Dentist” - Episode 219 Dec 04, 2023

Enjoy a replay of another one of our most popular Dentist Money Show episodes.

The amount you save is a key indicator of whether you are on the path to financial security. On episode #219, Reese and Ryan look at the many reasons why your savings rate is so closely tied to both your debt and your ability to invest throughout your career. Plus, they offer a few suggestions to help you move your net worth forward by saving more. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#455: Two Cents 11/27/23 - Volatility Index (VIX); Housing Update; the Cost of Dogs Dec 01, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Jake, and Rabih provide an introduction to the Volatility Index (VIX) which measures expectations about the future ups and downs in the market; give historical data to help answer the questions “Is it a bad time to buy a house?” and “Will there be a better time?”; and examine which dog breed gives you the best bark for your buck?

Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#454: Is Dave Ramsey’s Latest Advice ‘Dangerously Wrong’? Nov 29, 2023

Dave Ramsey’s latest on-air rant about the 4% rule for retirement withdrawals was filled with “supernerds,” “goobers,” “bogus math,” and “stealing peoples’ hope”. And it has received a chorus of unified denunciations from advisors. On this Dentist Money Show, Ryan, Matt, and Victoria talk about the flaws in Ramsey’s argument and look at why he’s getting so much push-back about this advice. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#453: Two Cents 11/20/23 - a Rising S&P 500; the Death of Budgeting Apps Nov 24, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Jake, and Rabih talk about why investor expectations are shifting when it comes to interest rates and how that's led to a rally for the S&P 500; and they look at the death of Mint, the latest personal finance budgeting app to get discontinued, and why budgeting is so hard to sell—and do. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#452: EBIDTA 101: Understanding the Key Calculation in a Practice Sale Nov 22, 2023

With the rise of DSOs and the increasing number of practices being bought and sold, you’ve heard the term EBIDTA. What is it? How is it calculated? And most importantly, what discrepancies can alter the formula at the time of a sale? On this Dentist Money Show, Ryan and David Haynes, of Menlo Dental Transitions, talk about why EBIDTA serves as only a starting point for a practice sale. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#451: Fan Favorite - “Insurance: What You Need and What You Don’t” - Episode 229 Nov 20, 2023

After eight years at the mike and 400+ Dentist Money Shows, we thought it was time to visit our archives and replay the podcasts that proved to be the most popular. As a dentist, you run a small business, one that requires expensive equipment and presents you with different liability issues. And your high income means you need to consider how to replace it in the case of the unexpected. On episode #229, Reese and Ryan review all of the typical policies a dentist might need—and provide you with a sensible strategy for how to approach your insurance needs. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#450: Two Cents 11/13/23 - Market Update; 4% Rule & Dave Ramsey; Retirement Forecasting Nov 17, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Victoria, and Rabih give a market update and explain which three sectors are driving its current growth; look at the 4% Rule and why Dave Ramsey disagrees with it—and why they disagree with Dave Ramsey; and reveal why projecting when a person might retire proves to be so difficult to forecast. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#449: Listener Q&R #4 - Seller Financing; Retirement Readiness Nov 15, 2023

I want to sell my practice to an associate. What issues should I be considering if I want to finance the sale? How much net worth should a normal dentist accumulate for retirement? And, at what point can I drop disability insurance? On this listener Q&R (Question and Response) episode of the Dentist Money Show, Ryan and Matt answer financial questions from our loyal listeners. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#448: Two Cents 11/06/23 - Earnings Slowdown, More Crypto Fallout, WeWork Bankruptcy Nov 10, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Will, and Rabih look at the earnings trends for the current quarter; talk about Safe Moon, the latest crypto scandal; and discuss what caused WeWork to file for bankruptcy. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#447: SECURE Act 2.0 & Retirement Plans: What You Need to Know Nov 08, 2023

America is facing a retirement disaster. Surveys have found that only 75% of non-retirees have any retirement savings with only 40% feeling that their retirement savings are on track. Can anything be done to prevent catastrophe? On this episode of the Dentist Money™ Show, Ryan and Matt look at the SECURE Act 2.0 and the benefits it adds to 401(k), IRA, Roth, and other retirement plans. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

#446: Fan Favorite - “The Difference Between Holistic Planning and Asset Management” - Episode 222 Nov 06, 2023

After eight years at the mike and 400+ Dentist Money™ Shows, we thought it was time to visit our archives and replay the podcasts that proved to be the most popular.    On episode #222, Reese introduces Matt Mulcock. If you’ve ever wondered how your money might be handled by a large asset management firm, Matt compares Dentist Advisors’ holistic planning approach with the firms he worked for that mix product sales with financial advice. Get to know more about Matt—and hear why he jumped at the chance to work for Dentist Advisors. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#445: Two Cents 10/30/23 - Q3 Earnings, Rising Home Prices, the Gloomy Wealthy Nov 03, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Jake, and Rabih talk about the revenue trends we’re seeing during the Q3 “earnings season”; why interest rates and home prices are both rising; and look into why the wealthy can't seem to buy happiness. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#444: Answer the Call: Why Rapid Call Response Is Crucial Nov 01, 2023

Regardless of the business, customers expect a prompt response. This is even more crucial for a dental office where the majority of new patients sent to voicemail, put on hold, or not greeted appropriately, never call back! On this episode of the Dentist Money™ Show, Ryan welcomes Gary Bird, of SMC National, to talk about the unanswered calls problem—and how to solve it. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#443: Big news! Pack Your Bags for Park City! Oct 30, 2023

Announcing the first Dentist Money Summit for the summer of 2024 in Park City, Utah. Our lineup of special speakers will help you "learn how to live your rich life". Are you aligning your money with your values? Discover how to live with greater serenity in the present by integrating your money decisions with what it means to make you happy. Dentist Money Summit Park City,Utah June 20 - June 23, 2024 Register today--Early Bird Special ends on 10/31! Save $100 per ticket.

DentistMoneySummit.com

Get away from the grind and gain clarity about your financial strategy and purpose!

#442: Two Cents 10/23/23 - Market Update, Student Loans, Regrets of the Rich Oct 27, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Taylor, and Rabih examine why interest rates continue to go up; look at what is causing student loan servicers to struggle getting their programs back up and running; and talk about entrepreneurial regrets. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#441: Personal Finance Horrors - 13 Frightening Facts Oct 25, 2023

Don’t become a scary personal financial statistic! Here are 13 ghastly financial facts that should frighten you—and what you can do to avoid money’s Grim Reaper. On this episode of the Dentist Money™ Show Ryan and Matt look at how Americans are handling their finances and why saving for retirement and for emergencies terrify those who can’t seem to get their finances organized. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#440: Two Cents 10/16/23 - Impact of the War in the Middle East Oct 20, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt and Rabih talk about the complex conflict in the Middle East; the historic alliances and treaties that led us here; and the impact war could have on geopolitics, economies, and markets. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#439: Practice Insights from a Dentist, a Consultant, and an Advisor Oct 18, 2023

A dentist works in the here and now. A consultant has to look to the near future. And an advisor thinks long term. Together they bring three unique perspectives that can help you navigate the many challenges dentists face. On this episode of the Dentist Money™ Show Ryan, Kiera Dent, and Dr. Ashley Joves discuss the value of workplace fun and what to do about rising team costs. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#438: Fan Favorite - Our Answers to “9 Questions to Ask a Financial Advisor” Episode - 214 Oct 16, 2023

After eight years at the mike and 400+ Dentist Money™ Shows, we thought it was time to visit our archives and replay the podcasts that proved to be the most popular. On episode #214, Reese and Ryan answered nine questions you should ask a financial advisor. Their responses give you an in-depth look at Dentist Advisors and why we've put our focus on dentists; the foundation for our investment philosophy; and how our fee structure is calculated, plus all of the services that are included with it.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#437: Two Cents 10/09/23 - Consumer Demand, Skinny Americans, Brash Money Managers Oct 13, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Victoria look at what could happen if consumer demand slows; the impact of Ozempic and other diet drugs on stocks; and why you should be wary of overconfident money managers. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#436: The Essential Components of a Good Estate Plan Oct 11, 2023

When it comes to planning for an estate, it is not only what is needed for an orderly dispersion of assets when a person dies. That is just one facet! On this episode of the Dentist Money Show™ Ryan interviews Natalie Perry, JD, CPA, who covers the basics of estate planning, including what is needed for many major life events—birth, marriage, divorce, partnerships, and more. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#435: Two Cents 10/02/23 - Inflation and Stock Prices, Americans’ Spending, Financial Education Oct 06, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Victoria examine the inflationary factors that are putting pressure on stock prices; why Americans spend and spend and spend some more; and how financial education affects money decisions. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#434: How to Hire and Retain Top Dental Talent Oct 04, 2023

On this episode of the Dentist Money Show™ Ryan talks with Dr. Victoria Peterson, Productive Dental Academy CEO, at the 2023 PDA Productivity Workshop. Dentistry has seen unprecedented staffing shortages and the effect has brought on unforeseen challenges—lower production and falling profits for practices who cannot properly staff and keep their skilled team members. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#433: Two Cents 21. 9/25/23 - Interest Rates, Tip Fatigue, Taylor Swift Effect Sep 29, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Will look at the latest news on interest rates and inflation; examine tipping in American culture; and if you haven’t had enough Taylor Swift, we’ve got just a little more. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#432: Making Sense of a 401(k) Plan at Your Practice Sep 27, 2023

On this episode of the Dentist Money Show™ Ryan joins with Kiera Dent on the Dental A Team podcast to outline how to set up a 401(k) retirement plan. The Dental A Team recently established a 401(k) and Kiera talks about the process—provider options; costs and fees; why she chose the Safe Harbor plan. It’s everything you need to know if you’re considering a 401(k) at your practice.

Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. The guest being interviewed on this episode is a client of Dentist Advisors. No cash or non-cash compensation was provided in connection with our guest’s participation and his/her permission for Dentist Advisors to use, publish, stream, and broadcast all or part of this episode originally recorded on August 3, 2023, including the guest’s favorable testimonial of Dentist Advisors. Dentist Advisors provides investment advisory services and other, non-advisory services for certain of its clients. The guest who participated in this episode provided the testimonial for Dentist Advisors’ use without any payment or arrangement for compensation, discounts, or other benefits.

#431: Two Cents 20. 9/18/23 - Crude Oil Prices, 529 Changes, Young Adult Stress Sep 22, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Victoria talk about the effect of crude oil prices on inflation, detail the recent changes in 529 savings plans, and look into why younger adults are stressed financially. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#430: Listener Q&R #3 - Buying a Practice, Warren Buffet, Overhead Insurance Sep 20, 2023

You’re coming out of dental school and thinking of buying a practice? What factors should you consider before making such a big decision? And, Warren Buffet has much of his portfolio in T-bills. What does that mean for your investments? On this listener Q&R (Question and Response) episode of the Dentist Money™ Show, Ryan and Matt answer financial questions from our loyal listeners. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#429: Two Cents 19. 9/11/23 - Labor Market Update, Retirement in America Sep 15, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Taylor dive into current labor market statistics and discuss the affect that low unemployment has on inflation and the economy; and they talk about retirement in America and some of the monetary and non-monetary issues affecting today's retirees. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#428: Why Dentistry Remains a Dentist’s Best Wealth-Building Tool Sep 13, 2023

Accumulating wealth throughout a career is a goal for most dentists. But the slow grind of dentistry can often make it seem like an overwhelming task. One dentist writes in to ask, “Is there another, quicker way to build wealth?” On this episode of the Dentist Money Show™, Ryan and Matt examine the reasons why a dentist’s optimal wealth-building opportunities remain within dentistry. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#427: Two Cents 18. 9/4/23 - Monetary Polices, Cheaper Flights Sep 08, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Victoria explain the reasons why the current monetary policies, which were put in place to slow inflation, seem to be working, and take a close look recent data that gives consumers clues on how to save money on airline flights. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#426: Portfolio Management: The Nuts and Bolts of Stock Diversification Sep 06, 2023

If you took a scientific approach and invested logically, would you know what long-term returns you might expect? That’s exactly what academicians attempt to do. On this episode of the Dentist Money Show™, Ryan, Matt, and Rabih discuss the variables academicians evaluate to better understand stock valuations. It’s a technical look at the time-tested principles used for systematic investing. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#425: Two Cents 17. 8/28/23 - the FED, Cash, Dentists Aren't Average Sep 01, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Taylor recap the recent FED meeting where economists reiterated their goal of getting inflation closer to 2%; they examine why weallthy Americans seem to be accumulating more cash; and they look at the sorry state of the average American’s retirement savings. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#424: Starting From Scratch with Dr. Mike and Stephanie Walton Aug 30, 2023

Starting a practice from scratch is one of the most challenging decisions a dentist can make. This successful dentist and his wife talk about what held them back and the steps they took to finally make a single-owner practice happen. On a Dentist Money Show™ first, Matt welcomes two current Dentist Advisor’s clients as Dr. Michael and Stephanie Walton share their startup journey. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

The guest being interviewed on this episode is a client of Dentist Advisors. No cash or non-cash compensation was provided in connection with our guest’s participation and his/her permission for Dentist Advisors to use, publish, stream, and broadcast all or part of this episode originally recorded on August 3, 2023, including the guest’s favorable testimonial of Dentist Advisors. Dentist Advisors provides investment advisory services and other, non-advisory services for certain of its clients. The guest who participated in this episode provided the testimonial for Dentist Advisors’ use without any payment or arrangement for compensation, discounts, or other benefits.

#423: Two Cents 16. 8/21/23 - Housing, AI Funds, Pessimists Aug 25, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Jake explain why the housing market in the U.S. is difficult and home sales remain down; how Artificial Intelligence powered funds are performing against the S&P; and why pessimists stay pessimistic. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#422: Why One Big Mistake Can Ruin Your Retirement Aug 23, 2023

“The first rule of an investment is don't lose money. And the second rule of an investment is don't forget the first rule. And that's all the rules there are.” That might be Warren Buffett’s most famous quote and on this episode of the Dentist Money Show™, Ryan and Matt look at mistakes that can lead to serious loss. Learn why minimizing money missteps is what making good decisions is all about. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#421: Two Cents 15. Headlines From the Week of August 14, 2023 Aug 18, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Victoria look into why the Asian markets are falling and the current issues facing the Chinese economy; talk about the affect of contactless payments on our spending behaviors; and examine why women might be considered better investors than men. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#420: 5 Tips for Overcoming the Fear of Investing Aug 16, 2023

Most people have irrational fears, like a fear of flying, of heights, or spiders, or snakes. Fear is a product of human evolution as our brains are hardwired to avoid risk, like evading threats to our life—and even the loss of money. On this episode of the Dentist Money Show, Ryan and Matt look at how five tips for overcoming the fear of flying also work well for people with investophobia. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#419: Two Cents 14. Headlines From the Week of August 7, 2023 Aug 11, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Ryan, and Rabih report on the recent 401(k) catch-up contribution changes; look into why medium and long-term U.S. debt was downgraded and what it might mean for the market; and talk about what factors might be contributing to consumer credit card debt hitting an all-time high. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#418: 4 Places Money Should Go During Uncertain Times Aug 09, 2023

Money comes in and you pay your taxes, debts, and living expenses. Then what? Where should the rest go so you can enjoy greater security and less stress? For this episode of the Dentist Money Show, Ryan joins with Regan Richardson on a Productive Dentist Academy webinar to examine the four places where you should allocate your leftover money during uncertain economic times. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#417: Two Cents 13. Headlines From the Week of July 31, 2023 Aug 04, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt and Will discuss the affect on portfolio diversity of the largest seven stocks (Apple, Microsoft, Alphabet, Amazon, Tesla, Berkshire Hathaway, UnitedHealth Group) that make up 27% of the S&P 500's overall value, and how the slowing job market fits into the FED's attempt for a "soft landing." Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#416: The New Math for Old Student Loan Debt Aug 02, 2023

The government added some new twists to old student loan debt. Now there are numerous reasons why you may need to rethink your repayment approach. If you have student loans, not understanding the changes could prove costly. On this episode of the Dentist Money™ Show, Matt talks with Travis Hornsby of Student Loan Planner, who explains the new requirements and new math. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#415: Two Cents 12. Headlines From the Week of July 24, 2023 Jul 28, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt and Victoria provide a market update and then take a close look at “finfluencers” and examine how they get followers and whether you should pay attention to their opinions and content. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#414: 3 Things You Should Know Before You Buy a Practice Jul 26, 2023

Thousands of dental practices are bought and sold each year. Make the right purchase decision and both your professional and even your personal life run smoother. Make the wrong purchase decision and troubles await. On this episode of the Dentist Money™ Show, Ryan welcomes Brian Hanks of Dental Buyer Advocates to talk about the mechanics of purchasing a practice. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#413: Two Cents 11. Headlines From the Week of July 17, 2023 Jul 21, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Victoria, and Rabih look into why participation in stock ownership has been stagnant since the late 1990s, plus they discuss a poll about what people feel is the best asset class for long-term investment—real estate, stocks, bonds, CDs, gold, or crypto. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#412: Can “Dental Moneyball” Up Your Growth Game? Jul 19, 2023

Starting with changes in baseball that were highlighted by “Moneyball”, data-driven analytics have transformed sports. Can dentists learn from this analytics revolution and use data to drive more predictable practice growth? That’s one of the questions Ryan asks George Hariri of Shared Practices and author of “Dental Moneyball” on this episode of the Dentist Money™ Show.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#411: Two Cents 10. Headlines From the Week of July 10, 2023 Jul 14, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Taylor, and Rabih look at the reality of what's going on in economy vs people's pessimism about the economy, and why the new income driven repayment plan SAVE (Saving on a Valuable Education) is game-changing news for dentists. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#410: 5 Money Mistakes That Plague Dentists Jul 12, 2023

Owning a practice can result in the accumulation of great wealth for a dentist. Unfortunately, these five financial blunders can derail that money train. On this Dentist Money™ Show, Ryan and Richard Low, of Shared Practices, take a hard look at mistakes that interrupt wealth accumulation—and why today’s dentist needs an incredible level of practice and personal organization. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#409: Two Cents 9. Headlines From the Week of July 3, 2023 Jul 07, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt and Rabih look at how the U.S. is dominating in terms of economic recovery and controlling inflation, plus with Rabih celebrating his first July 4th as a citizen, what American foods top his list of likes. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#408: Real Talk with Rabih: The Role of Bonds and High-Yield Funds Jul 05, 2023

While inflation has cooled a bit, the return available from both bonds and high-yield savings accounts remain high. So where should your short-term money go to get both the return and the safety that make you comfortable? On this Dentist Money™ Show, Ryan and Rabih look at why time is the biggest factor to consider when choosing where your short-term money should go. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#407: Two Cents 8. Headlines From the Week of June 26, 2023 Jun 30, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Ryan, and Jake talk about why Baby Boomers are so invested in stocks. They look at savings rates in America, and they discuss why private equity deals have fallen off so drastically this past year. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.

#406: What Dentists Want to Know — Listener Q&R #2 Jun 28, 2023

While 401(k)s aren’t common at dental practices, they are available to many dentists’ partners or spouses. So what are the pros and cons of typical 401(k) investment options? And when is it OK to own a permanent life policy? On this listener Q&R (Question and Response!) episode of the Dentist Money™ Show, Ryan and Matt answer financial questions from our loyal listeners.

Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.

#405: Two Cents 7. Headlines From the Week of June 19, 2023 Jun 23, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Will talk about the recent Fed interest rate decision, look at why student loan payments are back, and discuss whether money can buy happiness.

Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.

#404: 3 Steps to Building a Solid Financial Foundation Jun 21, 2023

Building a secure foundation that supports your money decisions doesn’t require constant stress about finances. Follow these three steps to reduce your money worries even as you find greater enjoyment in life's meaningful moments. On this episode of the Dentist Money™ Show, Ryan and Matt explain how to lay the groundwork for a financial house that will stand the test of time.

Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.

#403: Two Cents 6. Headlines From the Week of June 12, 2023 Jun 16, 2023

Welcome to Dentist Money Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Will give an update on inflation and the markets, talk about some Dave Ramsey advice they can get behind, and discuss more about what AI's effect on society might be. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#402: Why You Need to Know the Nuances of DSO Deals Jun 14, 2023

With conditions fluctuating within the dental industry as more consolidation occurs, it’s important to know how to react to a buyout overture from a DSO. On this episode of the Dentist Money™ Show, Ryan interviews Brannon Moncrief, of McLerran & Associates, who talks about current market conditions, how to understand practice value, and why a buyout might be a good move for some dentists, but not for others. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#401: Two Cents 5. Headlines From the Week of June 5, 2023 Jun 09, 2023

Welcome to Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Jake consider whether the fascination with Chat GPT and AI has brought about the end of crypto. Plus, they look at how the debt ceiling resolution affects student loans. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#400: Does Your CPA Think Like a CFO? Jun 07, 2023

As costs rise, finances become increasingly complicated. Today the accounting services a practice owner needs must go beyond compliance work like bookkeeping and taxes. You also need help with strategic planning for the future. On this episode of the Dentist Money™ Show, Ryan interviews Jaime Staley whose firm, PJS & Co., offers comprehensive CFO and Controller services.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.

Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#399: Two Cents 4. Headlines From the Week of May 29, 2023 Jun 02, 2023

Welcome to Two Cents, a weekly look at the latest financial and economic news. On this show Matt, Ryan, and Rabih discuss the difficulties rising housing costs are causing, take a close look at the run on AI stocks, and examine the possibility of AI predicting future stock market movements. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#398: The Impact of “The Woozle Effect” on Your Finances May 31, 2023

Have you heard financial claims repeated so often you know they must be true—yet those claims lack any supporting evidence. They are financial woozles. On this episode of the Dentist Money™ Show, Ryan and Matt shine the light on several financial woozles that could prove costly if you continue to believe them. When you don’t understand the truth, mistakes will always happen. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#397: Two Cents 3. Headlines From the Week of May 22, 2023 May 26, 2023

Welcome to Two Cents, a new podcast that takes a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Taylor define the term recession and include some additional parameters to what might consistute one. Plus, they take a closer look at the recent run-up of technology sector stocks. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#396: Real Talk with Rabih: The Pros and Cons of Tax-Loss Harvesting May 24, 2023

Not every stock goes up. Luckily, the IRS has approved tax-loss harvesting as a way to help offset capital gain taxes owed from selling profitable assets. So how does this tax strategy work and should every investor be using it? On this episode of the Dentist Money™ Show, Ryan and Rabih get into the nitty-gritty of how to use tax-loss harvesting strategies in your portfolio. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#395: DAP2 5. A Different Vision for Dentistry with Dr. Ashley Joves May 19, 2023

On this episode of Dentists Are People Too, Ryan talks with Dr. Ashley Joves. Business owner, podcaster, “foodie”, dentist, mother and wife, Ashley reveals what inspired her vision to do dentistry differently. She is the founder of Smile & Co., a space to laugh and have fun, all while delivering outstanding dental care.

#394: Two Cents 2. Headlines From the Week of May 15, 2023 May 19, 2023

Welcome to Two Cents, a new podcast that takes a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Will take a closer look at what is involved in the current debt ceiling discussions; look at the latest on the inflation front; and discuss the potential ramifications of Robin Hood's move to 24-hour trading. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#393: Could Your Lease Agreement Affect Your Ownership? May 17, 2023

Dentists have diverse legal needs whether it’s incorporating; real estate—purchasing, selling, or leasing a building; associate agreements; and don’t forget the issues that come when selling a practice. A lot can go wrong. On this episode of the Dentist Money™ Show, Ryan welcomes dental-speciific attorney David Cohen to talk about legal concerns that come with ownership. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#392: Two Cents 1. Headlines From the Week of May 8, 2023 May 12, 2023

Welcome to Two Cents, a new podcast that takes a weekly look at the latest financial and economic news. On this show Matt, Rabih, and Jake discuss headlines that may affect the market and your money; debate who is happier, homeowners or renters; and examine what Warren Buffet and Charlie Munger said at the 58th Berkshire Hathaway investor meeting. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#391: What Dentists Want to Know — Listener Q&R #1 May 10, 2023

What advice would Ryan and Matt give to a startup about how to use their early funding—especially if they find themselves with access to extra cash? And, what traps might await a dentist who is in practice accumulation mode? On this listener Q&R (Question and Response!) episode of the Dentist Money™ Show, Ryan and Matt answer financial questions from our loyal listeners. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#390: Discounts vs Membership: What Do Patients Really Want? May 03, 2023

Does the membership plan you use give fee-for-service patients the benefits that they really want? To keep them satisfied and coming back, it should. On this episode of the Dentist Money™ Show, Ryan welcomes Paul Lowry of Dental Menu. There’s a big difference between Groupon-like discount plans and a Netflix-style membership plan that actually improves patient retention. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#389: The Critical Link Between Lifestyle and Retirement Apr 26, 2023

“How much money do I need to retire?” That answer varies depending on who you ask. Retirement experts will offer various rules of thumb about how much the average American needs … but how much does that average American think they need? On this Dentist Money™ Show Ryan and Matt offer what they believe is a fair answer for dentists, and what variables make the answer unique to each dentist. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#388: One Man’s Journey Through Unexpected Grief Apr 19, 2023

Grief, it’s our natural response to loss. And whatever the loss, there’s no right or wrong way to grieve. But to stay emotionally healthy, you must grieve. After seeing The Art of Grieving, Ryan was moved to interview Preston Zeller, whose art project is the film’s focal point. Talking about grief is not easy, but Ryan felt it was important to share their conversation on this Dentist Money™ Show. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#387: DAP2 4. How to Design a Life of Significance with Dr. Jared Hill Apr 14, 2023

On this episode of Dentists Are People Too, a Dentist Money Show series, Ryan talks with Dr. Jared Hill. Jared discusses his journey through dentistry and tells why he now helps others to work together to elevate their businesses and bring greater significance to their lives through the Elevation Association.

#386: 5 Things You Should Know About Alternative Investments Apr 12, 2023

Alternative investments—venture capital, private equity, collectibles—are assets usually held by institutional investors. With more complexity and a greater degree of risk, should individual investors still look into them? On this episode of the Dentist Money™ Show, Ryan, Matt and Rabih talk about five factors an investor should consider before jumping into private investing. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#385: Real Talk WIth Rabih: BRICS, the Dollar, and Your Investments Apr 05, 2023

Until recently BRICS was made up of Brazil, Russia, India, China, and South Africa. Now that other nations are applying for membership in the alliance, what does that mean for U.S. global power, the dollar, and your investments? On this episode of the Dentist Money™ Show, Ryan asks Rabih Dimachki, head of our investment strategies, to talk about what investors should know about BRICS. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#384: DAP2 3. A “Why Not” Philosophy for Business with Brian Harris Mar 31, 2023

On this episode of Dentists Are People Too, a Dentist Money Show series, Ryan talks with Dr. Brian Harris. The founder of Smile Virtual, Brian describes the philosophies that drive his life and businesses, and what entrepreneurial risks taught him lessons that ultimately defined his successful career.

#383: Adapting to the Changing Hygienist Market Mar 29, 2023

Is it time to reevaluate how your practice approaches its hygiene department? Labor shortages and demand for higher wages are changing the hygienist market. So what can you do to stabilize hygiene and ensure it’s not merely a loss-leader? On this episode of the Dentist Money™ Show, Ryan welcomes Wendy Briggs of Hygiene Diamonds to talk about why there’s a need to rethink the role of the hygienist. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#382: How to Diversify Your Deposits for More FDIC Protection Mar 22, 2023

Banks need to be considered safe and stable places to keep people’s money. There’s a plethora of problems that occur if people lose faith in that fact. On this episode of the Dentist Money™ Show, Ryan and Matt examine why there was a run on Silicon Valley Bank deposits, the history of bank failures, and the role of the FDIC to ensure people have confidence in the banking system. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#381: DAP2 2. Lessons I Learned From Disney with Meredith Papadea Mar 17, 2023

On this episode of Dentists Are People Too, a Dentist Money Show series, Ryan welcomes Meredith Papadea. A pediatric dentist from South Carolina, Meredith shares with Ryan the unusual path that brought her to dentistry, her love of serving children, of running races, of pursuing happiness … and of the Disney way!

#380: Do You Have What It Takes to Build a Group Practice? Mar 15, 2023

The industry is becoming more entrepreneurial, but there are pitfalls and perils awaiting those who don’t know the ins and outs of building a group practice. On this episode of the Dentist Money™ Show, Ryan talks with Perrin DesPortes of Polaris Healthcare Partners, a strategic advisory firm focused exclusively on helping entrepreneurial dentists build successful group practices.

#379: 5 Common Blind Spots to Financial Progress Mar 08, 2023

When someone is unable to fully grasp the importance of something, it’s called a blind spot. While we all have them, early recognition of personal financial blind spots can prevent us from making costly mistakes. On this episode of the Dentist Money™ Show, Ryan and Matt warn about five common blind spots every dentist should consistently guard against. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#378: DAP2 1. Stoicism and Entrepreneurship with Mark Costes Mar 03, 2023

On the inaugural episode of Dentists Are People Too, a Dental Money Show Series podcast, Ryan welcomes Mark Costes. Writer, coach, serial entrepreneur, podcaster, and dentist, Mark shares stories about his entrepreneurial successes … and failures, his personal passions, and why he loves the philosophy of Stoicism.

#377: Two Steps Every Dentist Can Take to Avoid Fraud Mar 01, 2023

If you don’t believe fraud will happen at your practice, you’re not paying attention to the high number of dentists who get embezzled by a staff member. On this episode of the Dentist Money™ Show, Ryan talks about fraud in the dental industry with David Harris, founder of Prosperident, a forensic investigation firm that specializes in protecting dentists from financial crimes. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#376: Should You Hold, Sell, or Find a Partner? Feb 22, 2023

DSOs are in a buying mode, but before you act too fast, there is a lot to consider as selling a practice is a huge financial and emotional decision. On this episode of the Dentist Money™ Show, Ryan talks with Kyle Francis of Professional Transition Strategies about industry consolidation, how DSOs make money, and if selling, finding a partner, or just holding is right for you. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Managem ent service.

#375: What Do Your Core Values Have to Do With Money? Feb 15, 2023

Want financial peace of mind? First uncover what really matters to you when it comes to your money, then align those core values with your finances. On this episode of the Dentist Money™ Show, Ryan and Matt welcome back Reese Harper to talk about the philosophy behind the Elements app and how it can help people connect their financial decisions to their values and purpose. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#374: An In-Depth Look at the Elements Scorecard Feb 08, 2023

Dentists face financial complications that far exceed a normal person’s. How to conquer that complexity was the proving ground for the development of Elements. The Elements app is now ready and Dentist Advisors is using it with clients. On this episode of the Dentist Money™ Show, Ryan and Matt explain how Elements helps people get organized and find financial peace of mind. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#373: How Much Stock Should You Put In Market Predictions? Feb 01, 2023

You read headlines like, “After a brutal 2022, Wall Street predicts 2023”, “Market Forecast 2023: Challenges Abound”, and you know analysts pour over numbers and trends to come up with their predictions. So are they accurate? On this episode of the Dentist Money™ Show, Ryan and Rabih discuss what economists base their predictions on—and what can end up going right … or wrong.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#372: How to Maximize Your Outcome in a DSO Deal Jan 25, 2023

If a DSO comes calling, making a mistake during negotiations could be extremely costly. Here’s how to control the discussion and maximize the outcome. On this episode of the Dentist Money™ Show, Ryan interviews Brannon Moncrief of McLerran & Associates. Whether a DSO is showing interest, or you’re selling a practice, find out why adding a sell-side advisor improves your position. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#371: Fan Favorite – 2022 Financial Benchmarks Are In! Jan 18, 2023

Even though 2022 was a tough one for stocks, Dentist Advisors’ clients continued to grow their net worth through smart financial decisions. On this episode of the Dentist Money™ Show, Ryan and Matt examine Dentist Advisors’ year-end data for client averages for income, net worth, debt reduction, and more. How do you stack up as you advance on your own path to wealth? Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#370: What Dentists Want to Know — Listener Q&A #29 Jan 11, 2023

Retirement creates a balancing act—you don’t want to run out of savings, but you want to enjoy that money too. Does the “4% Rule” still work for retirees? On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt illustrate how the 4% Rule is used. Plus, they explain the scary side of kids’ education accounts and where real estate fits in a well-diversified portfolio.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#369: Creating a Powerful Brand for Your Practice Jan 04, 2023

When marketing, dentists tend to list their selling points rather than focus on the reputation they’re trying to build. Here’s the problem with that approach … without a core brand you look just like everyone else. On this episode of the Dentist Money™ Show, Ryan welcomes Grace Rizza, CEO of Identity Dental Marketing, to discuss how branding creates patient loyalty. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#368: How to Create an “Investment Grade” Practice Dec 28, 2022

Large companies work hard for solid credit ratings based on their history, financial strength, and future. They want to be investment grade. Your practice is your #1 asset, how do you make sure it’s “investment grade”? On this episode of the Dentist Money™ Show, Ryan welcomes Dr. Victoria Peterson, Dr. Chad Johnson, and Regan Robertson of the Productive Dental Academy. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#367: Could it Make Sense to Downsize Your Practice? Dec 21, 2022

You’re a clinical virtuoso but really don’t enjoy the business side. Adding to your team or working at multiple locations adds revenue but also stress. Plus, it takes you away from what you really love about dentistry. On this episode of the Dentist Money™ Show, Ryan welcomes Kiera Dent of the Dental A Team to talk about how to rightsize your practice so it’s a good fit for you.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#366: What Financial Indicators Should You Track? Dec 14, 2022

Want to know how to prevent unexpected money woes? To ensure you’re following a healthy strategy, make sure you track these financial indicators. On this episode of the Dentist Money™ Show, Ryan and Matt highlight Elements scores that quickly help you understand your financial health. There will always be uncertainty on the road to financial freedom—unless you follow the right signs.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#365: 5 Signs It Could Be Time to Fire Your Advisor Dec 07, 2022

Breaking up is hard to do—but when it comes to your financial future, these five warning signs could indicate it’s time to find a new advisor. On this episode of the Dentist Money™ Show, Ryan, Matt, and Amanda talk about why a dentist might not be satisfied with their advisor. The good news is they also explain how to find one who can provide the service you expect.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#364: The FTX Crypto Collapse and What We Learned Nov 30, 2022

There’s a degree of uncertainty and potential for loss that comes with every investment. But some come with much greater risk—and you need to know why. On this episode of the Dentist Money™ Show, Ryan and Matt expose some of the issues that led to the FTX crypto exchange collapse, which scammed even elite firms. It’s a reminder of what we all should remember when taking a risk.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#363: Real Talk with Rabih: Diversified Portfolios Nov 23, 2022

You’ve made a long-term commitment to dentistry. You also need to approach your investments with the same in-it-for-the-long-haul attitude. On this episode of the Dentist Money™ Show, Ryan, Matt, and Rabih take a close look at portfolio diversification. How does it work and why does it help—and what does career longevity have to do with your investment strategy?

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#362: Here’s What You Need to Know About Bonds Nov 16, 2022

No matter where you are in your investing career, bonds offer low risk and benefits—like income and capital preservation—that you need to understand. Bonds often don’t get enough attention, despite being an essential investment vehicle. On this episode of the Dentist Money™ Show, Ryan, Matt, and Rabih look at bonds and the role they might play in each investor’s portfolio. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#361: How to Quickly Increase Your Purchasing Power Nov 09, 2022

Would you like to level the playing field when competing with big DSOs? Start by joining with thousands of practices to improve your purchasing power. On this episode of the Dentist Money™ Show, Ryan and John Stamper discuss how Dental Whale offers dentists a central place to shop, to learn more about technology, and to join with other practices to beef up their buying power.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#360: Don’t Be Frightened By Estate Planning Nov 02, 2022

When you hear “estate planning” what do you think? It’s only for the wealthy? Or, maybe it makes you consider your own mortality, which you don’t care to do. If you’re delaying yours, know this: each dentist needs an estate plan. On this episode of the Dentist Money™ Show, Ryan and Matt look at estate planning basics, plus some life complexities that may need estate attention. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready for full service financial planning and investment management with a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#359: The Market Is a Casino—But You Are the House Oct 26, 2022

Is putting money into stocks more like gambling than investing? While there are those who believe that’s true, seasoned investors will explain how investing over a long period skews the expected outcome in favor of the investor. On this episode of the Dentist Money™ Show, Ryan and Matt illustrate how you can alter your investment odds to come out ahead—just like Vegas casinos do.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#358: Join the Fight Against Oral Cancer Oct 19, 2022

Close to 54,000 Americans will be diagnosed with oral cancer this year. By encouraging patients to add a simple oral cancer screening light exam with their traditional head and neck oral exam, you can help reduce that number. On this episode of the Dentist Money™ Show, Ryan talks with Amber Young of OralCancerCause.org about oral cancer and why there’s a need to raise awareness.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#357: The Journey of a Dental Industry Entrepreneur Oct 12, 2022

Starting a business may be easier than ever before. Not much stands in the way of a dentist who believes they have the golden solution to a unique problem. But while startup obstacles are few, numerous roadblocks remain. On this episode of the Dentist Money™ Show, Ryan talks with Vivik Kinra about hurdles he has faced as he builds two new dental software companies.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#356: Why Facial Aesthetics Are Trending at Dental Practices Oct 05, 2022

Have you considered offering aesthetic beauty procedures at your practice? Non-invasive treatments for things like pigmentation lesions and acne are becoming increasingly popular and helping dentists add to their bottom line. On this episode of the Dentist Money™ Show, Ryan talks with Sally Bevans, VP at Sinclair Viora, who details why dentists and aesthetics are a good match.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#355: What Dentists Want to Know — Listener Q&A #28 Sep 28, 2022

With inflation and rising interest rates, the economy has become front page news and people are asking about what they can do to protect their finances. On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt offer their view on how much emergency cash to keep on hand, what to look for in a CPA, and whether you should stop investing in today’s erratic market.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#354: A Litmus Test to Avoid Self-Serving Advisors Sep 21, 2022

The right advisor can play a pivotal role in helping you make smart financial decisions. But how can you know who to listen to and who you can trust? To give you a better idea about the differences between financial advisors, on this Dentist Money™ Show Ryan and Taylor Sutterfield illustrate how commission-based, dually-registered, and fiduciary advisors differ from each other.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#353: Small Changes That Lead to More Profits Sep 14, 2022

Building a practice is not easy. You worry about billing services, insurance management, overhead, business consulting, marketing, collections, human resources, and more. One entrepreneur wants to help you solve it all. On this Dentist Money™ Show Ryan interviews Dr. Scott Leune of Breakaway Seminar whose vision has guided thousands of practices to greater profitability.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#352: It’s Time to Talk Divorce Sep 07, 2022

Divorce has legal, financial, property, and custody issues that can seem so complicated—and deeply emotional—that people avoid talking about it. After putting it off for seven years, the Dentist Money™ Show thought it was time to give the subject some attention as Ryan welcomes attorney Marco Brown, of Brown Family Law. Divorces happen. Here are some things you should know.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#351: Snap Decisions that Create Money Troubles Aug 31, 2022

Outside sources are constantly bombarding our brains with a barrage of information intended to influence us to make snap decisions. Unfortunately, when it comes to your money, quick decisions can have serious consequences. On this Dentist Money™ Show, Ryan and Matt look at what can prevent you from making hasty choices that end up being detrimental to your financial health.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#350: The Secret to Guilt-Free Spending Aug 24, 2022

You may not need Pink Floyd’s “New car, caviar, four star, daydream, think I'll buy me a football team, or, I'm in the high-fidelity first-class traveling set, I think I need a Lear jet.” But what pricey things bring you happiness? On this Dentist Money™ Show, Ryan and Matt ask the Dentist Advisors Facebook Group about what lavish purchases they’ve made that brought them joy.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#349: DSOs from an Insider’s Perspective Aug 17, 2022

More and more practices are being purchased by them—and one in five dentists under the age of 35 is now working for one—so what’s up with DSOs? On this Dentist Money™ Show, Ryan interviews Sara Stock of Stock Legal, a firm that provides legal expertise to DSOs. Take a peek behind the curtain to see where the money comes from and why equity-backed practices are trending.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#348: Dentist Money Reads the News Aug 11, 2022

Can you really know what’s best for your financial health when the media skews the truth to improve ratings and generate more clicks?

On this Dentist Money™ Show, Ryan, Matt, and Jake introduce a new segment where they look into current financial news and uncover trends that can make a difference as you navigate financial decisions.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#347: Why Financial Advice Should Be Like Dentistry Aug 03, 2022

For decades financial advisors were defined by a business model that focused on selling products. Today many advisors, like dentists, are diagnosing a client’s financial health before offering a full treatment plan. On this Dentist Money™ Show, Ryan, Matt, and Taylor Sutterfield, CFP®, discuss why more advisors are now building client relationships based on trust.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#346: Real Talk with Rabih: How Does the President Impact the Market? Jul 27, 2022

The President has what has been called the toughest job in the world. But how much do his decisions affect the stock market? The economy? Commodity prices? On this Dentist Money™ Show, Ryan and Matt quiz Rabih Dimachki, Dentist Advisors’ Investment Operations Manager, on the power of the President. When it comes to fiscal and monetary policies, where does the economic buck stop?Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#345: 4 Reasons Dentists Should Invest in Stocks Jul 20, 2022

Dentists generally can invest in these asset classes: their practice (private business), real estate, and public markets. You’re already invested in your practice and location, to balance your assets, here’s why you need stocks.

On this Dentist Money™ Show, Ryan and Matt welcome Jake Elm, CFP® to talk about why stocks should be a part of your investments as you build wealth. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#344: What Is the Future for DPOs? Jul 13, 2022

You like being your own boss, but is there a way to still feel independent and leverage the economies of scale available through large dental groups? On this Dentist Money™ Show, Ryan interviews Dr. V—Chris Villanueva—founder of MB2 Dental. Chris explains how to get operations help when needed, compete with the big boys on pricing, and still maintain control of your practice.

#343: Avoiding Bad Decisions During a Bear Market Jul 06, 2022

When the stock market looks to be spiraling down, should you stop investing then watch from the sidelines and start investing again when things recover? With today’s unsettled economy, it’s a question many people are asking.

On this Dentist Money™ Show, Ryan and Matt welcome Will Gochnour, CFP® to talk about investor behavior and strategies for investing during turbulent times.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#342: LIVE Q&A + Big News at Dentist Advisors Jun 29, 2022

On this Dentist Money™ Show, which was recorded live, Ryan, Matt, and Rabih answer questions about what’s happening in today’s financial world. Inflation, stagflation, real estate trends, and what historically happens to stock prices during a recession are all discussed. Plus, learn about the new Dentist Money Membership—an announcement you don’t want to miss. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#341: Overcoming Pre-Ownership Jitters Jun 22, 2022

The decisions you make prior to purchasing a practice have long-term implications. That’s why knowing which practice model fits your vision is so crucial. On this episode of the Dentist Money™ Show, Ryan talks with Dr. Richard Low and dental student Andrew Clingan of Shared Practices about pre-ownership angst in today’s economy and how to speed up the path to owning a practice. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#340: Are Commodities a Good Hedge Against Inflation? Jun 15, 2022

When inflation begins straining investor nerves, questions about commodities—especially gold—as a hedge against rising prices are sure to follow. Where do commodities fit as an investment asset? What are derivatives and futures? Why would you want commodities in your portfolio? Get the answers to these questions and more on this episode of the Dentist Money™ Show.

Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program.

Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

#339: What Dentists Want to Know — Listener Q&A #26 Jun 08, 2022

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt talk about “I” bonds, life policies for kids, and buying a home in today’s market. With inflation soaring, people want to know more about Series I savings bonds. What are the options for life policies for kids? And, if you’re in the market for a home, should you still buy, or wait for the market to cool down?

#338: What Should You Do with Your Building? Jun 01, 2022

As DSOs buy more practices and rising interest rates continue to increase the focus on real estate returns, how and when you take the equity out of the building that houses your practice is becoming increasingly important. On this episode of the Dentist Money™ Show, Ryan welcomes real estate dental space specialist, Tanner Milne, to talk about selling your building.

#337: How Teledentistry Can Lead to Better Case Acceptance May 25, 2022

Teledentistry uses online video interactions to make it easier for patients and dentists to communicate—and it’s seen mixed results. With a more personal approach, virtual consultations can dramatically increase case acceptance.

On this episode of the Dentist Money™ Show, Ryan welcomes Joe Chickerillo and Tom Brown from Your Virtual Consult to explain how your teledentistry experience can be enhanced to make a real difference.

#336: “Do’s & Don’ts” of Owning Your Practice Location May 18, 2022

Owning your practice—and the building that houses it—seems like a dental tradition. But does the risk/reward of commercial real estate still make sense? On this episode of the Dentist Money™ Show, Ryan and Adam Watts, a real estate developer specializing in health professional locations, talk about the “do’s and don’ts” of being the landlord of your practice location.

#335: Is a Recession Ever a Good Thing? May 11, 2022

Post-Covid we saw economic stimulus, now rising interest rates show federal fiscal strategies are changing. Is this a signal that recession is looming? On this episode of the Dentist Money™ Show, Ryan and Matt take a hard look at recession—what it means, the history of economic resets, and the negatives (and positives) that come when government tightens its monetary policies.

#334: A Game Plan for Rising Interest Rates May 04, 2022

As inflation increasingly becomes reality, learn what borrowing strategies you can use as rising interest rates continue to affect loans and mortgages. On this episode of the Dentist Money™ Show, Ryan interviews lending specialist Drake Bloebaum. If you are considering buying a practice, a building, or a home—or looking to refi to consolidate debt—Drake offers advice for you.

#333: Million Dollar Advice to Celebrate One Million Downloads Apr 27, 2022

It was six years and 332 episodes ago that Reese and Ryan recorded the first Dentist Money™ Show. Little did they know then that so many dentists would tune in to get advice on how to make smart financial decisions. As we celebrate one million listens, join Ryan, Matt, Reese, and our very special guests who offer some “million dollar advice” of their own.

#332: Are You Beating the Market (and Does It Matter)? Apr 20, 2022

The NCAA’s March Madness basketball tournament is known for its bracket-busting upsets and unexpected, last-second victories. But what if no one kept track of the score? How would that change the stress-filled drama? On this Dentist Money™ Show, Ryan and Matt get tournament crazy about investments and ask if benchmarking your portfolio should be March Madness intense.

#331: What Dentists Want to Know — Listener Q&A #25 Apr 13, 2022

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt offer advice on estate plans, Buy-Sell Agreements, and what defines a recession. When should you start thinking about an estate plan? Want to partner? Learn why you’ll want a legally-binding exit document to prevent future problems. And with so much talk about recession, how do you know if one is occurring?

#330: How to Increase Staff IQ through Cross-Training Apr 06, 2022

It’s being called “The Great Resignation” and it caused many offices to revamp on-the-fly as employees were forced to multi-task due to worker shortages. Here’s how to prepare right now so you aren’t caught in another scramble. On this Dentist Money™ Show, Ryan welcomes Kiera Dent, founder of The Dental A Team, who explains an effective way to start cross-training your staff.

#329: Looking for a Quick Buck or Real Wealth? Mar 30, 2022

Do you daydream about finding a quick road to riches? Or, like Warren Buffet, do you know, "There is nothing wrong with getting rich slowly." On this episode of the Dentist Money™ Show, Ryan and Matt explain why patience is required to create wealth. Designing a well-thought-out plan—and sticking to it—will ensure you have a better chance of building real wealth.

#328: Real Talk with Rabih #1 Mar 23, 2022

On this episode of the Dentist Money™ Show, Ryan welcomes Rabih Dimachki, Dentist Advisors investment operations manager, for “Real Talk with Rabih.” It’s Rabih who keeps his finger on the pulse of global economics so he can analyze client portfolios, execute trades, and provide guidance to our team. Now Rabih will be sharing that expertise with our listeners.

#327: The Secret to More 5-Star Reviews from Your Patients Mar 16, 2022

It’s been said, “If Google doesn’t like you, nobody does.” And it may be true as today people read reviews before buying anything—including your services. On this episode of the Dentist Money™ Show, Ryan hosts Zeke Kuch, founder of Swell CX. Are prospects slipping away when they compare you with your competitors? Learn how to boost your credibility by increasing patient reviews.

#326: Is There Balance in Your Balance Sheet? Mar 09, 2022

What’s your wealth building reality? Are you on the asset-accumulation-fast-path, or a living-for-today-crawl? Here’s how to know how you’re really doing. On this episode of the Dentist Money™ Show, Ryan and Matt explain what a balance sheet can tell you about your financial progress. Are you over-leveraged with debt, are you over-exposed to risk? Your balance sheet knows.

#325: Geopolitical Strife and the Stock Market Mar 02, 2022

As an international conflict unfolds, creating global uncertainty, what lessons can be learned about how markets reacted to similar events in the past? Join the Dentist Money™ Show for a roundtable discussion on the crisis in Europe and how those events may affect markets. When things seem to be unraveling, hear the rationale behind Dentist Advisors’ investment strategy.

#324: Post-Pandemic Marketing Strategies Feb 23, 2022

Most people search for answers to three simple questions when looking for a dentist. To successfully market your practice, you better know what they are! On this episode of the Dentist Money™ Show, Ryan greets Michael Anderson and Laura Maly of the Wonderist Agency. The pandemic pause provided time to rethink practice growth. Hear why getting back to marketing basics can pay off.

#323: What Dentists Want to Know — Listener Q&A #24 Feb 16, 2022

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt take on staff bonuses, retirement contributions, and captive insurance agencies. Discover creative ways to bonus employees in this very competitive market. Are there times when you might fund your Roth IRA instead of your 401(k)? And does a captive insurance agency have a place in your tax strategy?

#322: Why Seasoned Investors Don’t Worry About Down Markets Feb 09, 2022

With its ups and downs, the market is often compared to a rollercoaster. And just like the real thing, your stomach might drop when the market plunges. On this episode of the Dentist Money™ Show, Ryan and Matt look at the difference between corrections, bear markets, and crashes while discussing how to move past the worries that beset many investors during regular down periods.

#321: Financial Fiery Pits of Hell Feb 02, 2022

Give a small financial flame enough fuel—being careless with multiple accounts, misunderstanding the principle of risk—and soon you have a raging inferno. On this episode of the Dentist Money™ Show, Ryan and Matt look at five different fires that may be burning in your investment accounts. While each may be hardly noticeable, when combined, these festering embers could be costly.

#320: Try This if Goal Setting Isn’t Working Jan 26, 2022

After working on New Year’s resolutions for a couple of weeks, how are you doing? Do you feel setting goals helps? Or is it an exercise in futility for you? The data shows those who set goals do achieve more, but goal-setting clearly doesn’t work for most people. On this episode of the Dentist Money™ Show, Ryan and Matt look at what to do to ensure you reach your long-term objectives.

#319: “When Should I Hire an Associate?” Gets Answered Jan 19, 2022

As the tectonic shift in practice ownership alters the dental industry, a major question that continues to arise is, “Where can I find a good associate?” On this episode of the Dentist Money™ Show, Ryan invites Dan Blair, of Menlo Dental Consulting’s Associate Placement Services, to discuss trends in dentistry and how (and when) to find the right people to help grow your team.

#318: What Dentists Want to Know — Listener Q&A #23 Jan 12, 2022

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt answer concerns about divorce, kids on payroll, and retirement withdrawals. When divorce happens, find out why it is imperative that you protect your practice. Putting kids on payroll has its pros … and its cons. Finally, you piled money up for retirement, now make sure you withdraw it efficiently.

#317: Is Ownership a Good or Bad Move for You? Jan 05, 2022

Not every dentist is ready to own a practice, but it helps if you know what skills and traits indicate if ownership is a good (or bad) move for you. On this Dentist Money™ Show, Ryan interviews Dr. Richard Low of Shared Practices. There is no such thing as a fail-proof list of skills required to be a successful owner, but Ryan and Richard look at traits they’ve seen that help.

#316: Find Out How Your Finances Compare to Other Dentists Dec 29, 2021

Making comparisons to others can be beneficial as knowing how those with similar circumstances are doing provides motivation that drives self-improvement. For the final episode of the Dentist Money™ Show for 2021, Ryan and Matt examine Dentist Advisors client averages for income, net worth, debt, and more. It’s powerful information to help inspire you to make smart financial decisions.

#315: Why the Need for Career Associates Is Booming Dec 22, 2021

The growing number of multi-practice owners and DSOs is causing a major shift in the need for career associates. What could this mean for you? On this episode of the Dentist Money™ Show, Ryan and Matt look at what to consider—earning potential, tax strategies, retirement—if a dentist is wondering about the big differences between ownership and being a long-term associate.

#314: How to Optimize Your Existing PPO Contracts Dec 15, 2021

You know PPO insurance helps generate practice revenue, but to increase profits you need to learn how to get more out of your current PPO reimbursements. On this episode of the Dentist Money™ Show, Ryan welcomes Vivek Kinra, founder of PPO Profits. Vivek illustrates why insurance payments can get so complex and reveals ways to actually optimize existing contracts to give fees a boost.

#313: Dentistry’s Great, But Are You Running in Circles? Dec 08, 2021

Making random decisions about money over the course of a long career can lead to financial disaster. Isn’t it time you determined exactly where you want to go? On this episode of the Dentist Money™ Show, Ryan and Matt explain how to avoid the small errors that cause you to stray off the path of financial success. Following these three steps can help you reach your long-term money goals.

#312: Don’t Forget About These End-of-Year Tax Benefits Dec 01, 2021

It’s December and the holidays are coming soon … and so are end-of-year tax worries. Stay calm, we’ve got important answers to your year-end tax questions. On this episode of the Dentist Money™ Show, Ryan welcomes Morgan Hamon of HDA Accounting Group. Morgan provides an end-of-year tax checklist, advice on how to handle EIDL loan money, and his opinion on what tax changes may be coming.

#311: 25 Reasons You Can Be Thankful to Be a Dentist Nov 24, 2021

“I consider many of my patients as close friends.” “Great job security—people won’t floss and most don’t eat well.” “It’s the best overall job in healthcare.” This Thanksgiving, why are you grateful to be a dentist? For this episode of the Dentist Money™ Show, Ryan and Matt polled members of the Dentist Advisors Facebook Group for the reasons why they feel blessed to be in dentistry.

#310: Protect Your Investments from Too Much Risk Nov 17, 2021

You generate income from your practice and your wealth then comes from investing that income. But what are you doing to protect your growing wealth? On a Veteran’s Day episode of the Dentist Money™ Show, Ryan and Matt use a World War II story for their theme. You’ll discover how safeguarding the vital parts of your investments can help keep your wealth flying high.

#309: The Cost of a Dream Home Nov 10, 2021

It may be the most emotional decision you make in your financial life. And one thing is for sure, rushing into it can be the biggest money mistake you ever make. On this episode of the Dentist Money™ Show, Ryan and Matt look at three things you should consider before buying that dream home. Don’t end up overwhelmed by the unexpected. Find out how to keep your dream from becoming a nightmare.

#308: Netflix-Style Subscription Plans Come to Dentistry Nov 03, 2021

Does your membership plan encourage patient retention? Maybe it’s time to consider a menu-driven alternative that empowers and excites uninsured patients. On this episode of the Dentist Money™ Show, Ryan welcomes Paul Lowry of Dental Menu. Netflix-type subscription plans enjoy wide acceptance and now you can use this popular payment option to attract and retain uninsured patients.

#307: What Dentists Want to Know — Listener Q&A #22 Oct 27, 2021

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt answer questions on topics dentists are currently wondering or even worrying about. As an associate, should you work as a 1099 contractor or a W2 employee? What questions should you ask when looking at a private investment? Student loan deferment is almost over, what decisions will you need to make in the near future?

#306: What Is Rebalancing and Why Is It Important? Oct 20, 2021

As your portfolio appreciates, it can get out of sync from its original asset allocation and intent. The result could be a portfolio that doesn’t match your risk preference or investment timelines. On this episode of the Dentist Money™ Show, Ryan and Matt explain why portfolios need to be rebalanced. As investments get out of alignment over time, learn how they can be readjusted to meet their initial risk and return targets.

#305: Are Alternative Investments for You? Oct 13, 2021

So you think it’s time to add something more exciting to your portfolio? Before you buy, it’s important to know how it will help you reach your long-term goals. On this episode of the Dentist Money™ Show, Ryan and Matt put their focus on alternative investments and where and when they might fit. There are many ways to invest, but the downside of some options may not be worth the risk.

#304: Here’s When It’s Time to Hire a Practice Coach Oct 06, 2021

Are you frustrated that your practice seems to have plateaued? Or maybe the holes in your schedule make it so disorganized it looks like a game of Tetris.

On this episode of the Dentist Money™ Show, Ryan welcomes consultant Heidi Mount who has coached dentists across the globe. On this show, Heidi reveals how good coaching can help you unlock the full potential of your practice.

#303: 5 Secrets to Becoming a Financial Power Couple Sep 29, 2021

To make it work, you and your spouse or partner need to commit to the goals in a financial plan. Unfortunately, many couples may need money therapy first. On this episode of the Dentist Money™ Show, Ryan and Matt outline 5 ways to bring your financial objectives together. Isn’t it time you became a team, increasing your net worth growth as you progress towards a shared financial future?

#302: What Dentists Want to Know — Listener Q&A #21 Sep 22, 2021

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt answer questions from dentists about their cash flow, debt, and investment concerns. Income is finally growing—what comes next? Pay down debt or add to assets? Where do collectibles fit into a portfolio? Should you put more than the minimum down when buying a home? Got a money question? Ryan and Matt have an expert answer.

#301: Dave Ramsey Isn’t Talking to You Sep 15, 2021

Dave Ramsey, the well-known author and personal finance guru, wants people to get out of debt as fast as possible. Is that the right message for a dentist like you? On this episode of the Dentist Money™ Show, Ryan and Matt go through each of Dave Ramsey’s 7 Baby Steps. They compare his advice against Dentist Advisors’ more dentist-specific guidance and discuss where and why there are differences.

#300: The Dentist Money™ Show Celebrates 300 Episodes Sep 08, 2021

What has been your favorite episode? Find out if it was one of our top downloaded podcasts. In our first 299 shows, we’ve covered investing, debt, spending, taxes, and more. On this episode, Ryan and Matt look back at listener favorites and discuss why the topics of those top five shows still resonate with dentists.

#299: Why Story-First Marketing Attracts New Patients Sep 01, 2021

People love stories. Stories are engaging and relatable. Is there a story you could tell about your practice that would connect with potential patients? On this episode of the Dentist Money™ Show, Ryan welcomes Joshua Scott whose agency, Studio 8E8, helps practices stand out using story-first marketing. Hear how to add energy to your marketing efforts as you build a powerful, personal brand.

#298: 7 Mistakes Dentists Make that Ruin Retirement Aug 25, 2021

Dentists consistently rank among the most successful working professionals in the U.S. But a good income does not guarantee a successful retirement. On this episode of the Dentist Money™ Show, Ryan and Matt list seven mistakes that prevent you from having enough at retirement. Your practice is thriving and the retirement road looks smooth—unless a big blunder wrecks your plans.

#297: What Should You Do if a DSO Offer Comes Your Way? Aug 18, 2021

Why DSOs are expanding so rapidly is a hot topic. About 20% of present practices are group practices, a number that is projected to be over 30% in the future. On this episode of the Dentist Money™ Show, Ryan and Matt take an up-close look at DSOs. What could this growth trend mean for you? And what should you do if you get a buy-out offer—and you still have a long career ahead?

#296: What Dentists Want to Know — Listener Q&A #20 Aug 11, 2021

Investments are the focus for all three questions on this listener Q&A episode of the Dentist Money™ Show. Ryan and Matt illustrate why expertise is needed when it comes to managing your money, offering their advice on the most effective ways of accessing cash from investments during a down market, plus explaining the adjustments your portfolio needs prior to retirement—and why.

#295: What’s the Very Least You Should Save? Aug 04, 2021

A live-for-today lifestyle (or a desire to finance a dream house) has some dentists asking, “What’s the minimum amount I can save and still be OK in retirement?" On this episode of the Dentist Money™ Show, Ryan and Matt look at what maxing out today’s earnings by saving a minimal amount might mean over the long run—and what tradeoffs you can expect to make so you can still enjoy the future.

#294: How to Fight Off Common Money Distractions Jul 28, 2021

With so many things to worry about as you build your career, do you have trouble living in the moment? On this episode of the Dentist Money™ Show, Ryan and Matt talk about three money matters that can cause your mind to wander. Happiness comes from being fully engaged in your current activities. Ryan and Matt offer their tips on how to prevent finances from causing you to lose focus on the present.

#293: I Bought Permanent Life Insurance, Now What? Jul 21, 2021

Is buying permanent life insurance a permanent mistake? On this episode of the Dentist Money™ Show, Ryan and Matt look into the debate that surrounds whole life insurance. Agents say there are benefits to support purchasing permanent insurance, but are their points valid? Ryan and Matt explain why mixing insurance and investments in the same financial instrument might not be the best strategy.

#292: Strategies to Use for Kids Savings Jul 14, 2021

There are many demands that are placed on your money. Should saving for your children’s future be one of them? On this episode of the Dentist Money™ Show, Ryan and Matt discuss saving strategies for minors. Some dentists choose to save for their kids, others choose not to. No matter what you decide, you need to know the available options so you can do what’s best for your family.

#291: This We Believe: 10 Financial Principles for Dentists Jul 07, 2021

On this episode of the Dentist Money™ Show, Ryan and Matt discuss core financial truths they feel can lead to less stress and a happier life. With money, things can constantly change. But there are some foundational principles that pass the test of time. Ryan and Matt point to nine financial fundamentals that guide their advice and one overarching principle that ties all of the others together.

#290: How Concerned Should You Be About Inflation? Jun 30, 2021

On this episode of the Dentist Money™ Show, Ryan and Matt take a hard look at inflation. They define it; do a poll to find out what people are saying; and offer four practical tips on what to do to counter its risk. In the Pandora’s Box of economic worries, Ryan and Matt explain why inflation, like recession, is something you can work your way through when you understand how to do the right things.

#289: Do I Really Need a Financial Advisor? Jun 23, 2021

On this episode of the Dentist Money™ Show, Ryan brings in Jake Elm, CFP® at Dentist Advisors, to take on the question, “When is it time to get financial help?” Like many things that deal with money, the answer is personal to each individual. However, Ryan and Jake offer reasons why earlier may be better for long-term goals. They also explain why people who are being held accountable to someone else are motivated to take action.

#288: How to Tame the Fear of Stock Market Uncertainty Jun 18, 2021

On this episode of the Dentist Money™ Show, Ryan and Matt put their focus on risk. Our everyday activities involve many risks we accept as part of life. But when risk becomes a fear, that’s more about feelings of uncertainty. Whether a fear of sharks keeps you from swimming in the ocean, or fear of loss keeps you from investing, Ryan and Matt attempt to take the paralyzing effect out of uncertainty.

#287: Estate Planning in Plain English Jun 09, 2021

On this episode of the Dentist Money™ Show, Ryan interviews attorney Nathan Jay Kavlie of Thoughtful Wills. On the show, Nathan and Ryan go document-by-document over what’s needed to preserve the estate you are working so hard to create. Estate planning can seem complicated, but Nathan explains why he doesn’t believe it should be by illustrating how he takes the legalese out of wills and trusts.

#286: Chiming in on the Crypto Craze Jun 02, 2021

On this episode of the Dentist Money™ Show, Ryan and Matt take on crypto. It’s the latest investment obsession with vocal fans … and detractors. On this show Ryan and Matt offer advice to dentists on what they believe should be your crypto strategy. Wondering about investing in Bitcoin or the “Doge” (or just wondering what the fuss is all about), this is the episode you’ve been waiting for.

#285: Here's What Reese Harper Has Been Up To May 27, 2021

On this episode of the Dentist Money™ Show, Ryan welcomes back Reese Harper, founder of Dentist Advisors. During the show, Ryan quizzes Reese on his latest business venture, Elements. You’ll hear how focusing on a niche can strengthen any enterprise, plus get a good look at the challenges of a start-up. It’s your behind-the-scenes look at how Reese is trying to change the future of financial planning.

#284: Why Your Neighbor’s Lifestyle is a Bad Benchmark May 19, 2021

Humans (and other primates) have a tendency to want to compare. From houses to cars and more, there’s a keeping up with the Joneses’ desire that seems to be part of our nature. On this episode of the Dentist Money™ Show, Ryan and Matt talk about the impulse we have to compare what we have with others. While money or lifestyle comparisons to others can be devastating to your financial and even your mental health, Ryan and Matt focus on ways to compare that can motivate you to make good financial decisions.

#283: Are You Prepared for Your Day of HIPAA Reckoning? May 12, 2021

She’s known as “The HIPAA Chick” on social media and is an expert at all things HIPAA. On this episode of the Dentist Money™ Show, Ryan interviews Danielle Mckinley of PCI HIPAA. Many dentists think protecting patient information is easy, but they aren’t considering cyber threats, the potential for human error, or the complexity of having vendors who also see patient information. Compliance is never fun, but Danielle Mckinley does her best to keep HIPAA discussions lively as she helps practices meet requirements and avoid costly audits.

#282: A Year in the Life of a Dentist Advisors Client May 05, 2021

What is it like to be a Dentist Advisors client? On this episode of the Dentist Money™ Show, Ryan and Matt look closely at the Dentist Advisors client journey. From your initial consultation call to completing a detailed onboarding process to building a financial plan that becomes the basis for your financial decisions, Ryan and Matt get down to the nuts and bolts of each phase a Dentist Advisors client passes through.

#281: Golden Nacho Advice from Dr. Paul Goodman Apr 28, 2021

On this episode of the Dentist Money™ Show, Ryan welcomes the legendary Dr. Nacho, Paul Goodman, for a wide-ranging discussion on how to keep all of your practice ownership pieces lined up. From preparing for unforeseen physical emergencies to making sure your staff knows how money flows through your practice to why you need mentors who are within 10 years of your age, Dr. Goodman is at his Dental Nachos best.

#280: The Laws of Liquidity Apr 21, 2021

On this episode of the Dentist Money™ Show, Ryan and Matt discuss how pivotal liquidity is to a good financial plan. Your practice needs liquidity, you have a need for personal emergency funds, plus you should also be planning ahead for big projects. For all three you need access to cash. Do you know how much? And where’s the best place to be tucking those funds?

#279: 4 Unsexy Truths of Comprehensive Financial Planning Apr 14, 2021

When you need to make tough money decisions, it’s critical that you have your financial house in order. On this episode of the Dentist Money™ Show, Ryan and Matt discuss the reasons why feelings of vulnerability turn into relief when people finally get on top of their finances. Find out why it’s so difficult for people to get—and keep—their finances organized.

#278: When it Makes Sense to Buy Your Practice Location Apr 07, 2021

On this episode of the Dentist Money™ Show, Ryan and Matt look into one of the biggest financial decisions you’ll make in your career: should you own your practice location? It’s not easy to make the distinction between your practice and the office that houses it, but this is a business decision first and foremost. Ryan and Matt review the reasons why you should study your options carefully—there are times ownership is the right choice and other times it may be a costly blunder.

#277: The Top 5 Mistakes Practice Owners Make Mar 31, 2021

On this episode of the Dentist Money™ Show, Ryan talks with Dr. Richard Low of Shared Practices about the mistakes that can threaten the hard work that goes into practice ownership. Ownership remains an ultimate goal in dentistry but costly blunders can be discouraging. From too casually considering your ownership options—scratch start, single-doctor practice, multi-doctor practice—to delaying your jump into ownership for too long, Ryan and Richard cover typical mistakes that every owner should know about.

#276: What’s Your Real Income? Here’s Why Most Dentists Get it Wrong. Mar 24, 2021

On this episode of the Dentist Money™ Show Ryan and Matt examine the difference between taxable income your CPA reports and the gross cash flow your CFP® needs to know. Determining how much money stays in your pocket is key to saving effectively, paying down debt, or buying that boat you’ve dreamed about. For financial planning purposes, Ryan and Matt go over the formula for how much you actually make. To do any future planning, it’s important that you get the math right. Register for CE Credit Here: https://dentistadvisors.com/dms-ce-276

#275: Should You Listen to an Advisor Who Earns Less Than You? Mar 17, 2021

As a dentist, you’re one of the highest income earners in the country. As you build your net worth, you want to get the best financial advice possible. So who is the right person to give you that advice—someone who understands your level of wealth because they have it like you do? Or can you expect to get solid financial advice from someone who doesn’t have a high income? On this episode of the Dentist Money™ Show Ryan and Matt talk about high-income clients and high-income advisors. Where should you look for advice? It’s a discussion that reveals the broad scope of advice that’s available in the world of financial advisors.

#274: Learn How One Dentist Found Her Lucrative Niche Mar 10, 2021

From start-up to cosmetic dentistry to a highly specialized niche, Dr. Michelle Jorgensen’s 20-year career has taken a fascinating trajectory. To celebrate Dentist Day 2021, Ryan interviews a practicing dentist on this episode of the Dentist Money™ Show. A toxic bout with mercury poisoning put Dr. Jorgensen on an unusual path where she has been the dentist doing the dentistry, she has helped other people do the dentistry, and now is managing others who do the dentistry at her health-based practice. Dentistry is full of unexplored opportunities, find out how one dentist went from almost selling her practice in despair to having DSO’s knocking on her door.

#273: The One Thing Dr. “Nifty Thrifty” Doesn’t Want You to Discount Mar 03, 2021

On this episode of the Dentist Money™ Show, Ryan interviews Glenn Vo, founder of Nifty Thrifty Dentists. If “it takes a community to raise a child,” the need for community could easily be applied to building a practice. Running your own small business is difficult—so where do you turn for solutions? Glenn Vo, king of the discount deal and practicing dentist, explains why establishing relationships with other experienced dentists is so important to finding practice success.

#272: What I Wish I Knew When I Was 22 Feb 24, 2021

We don’t spend much time getting educated about finances when we’re young, and then suddenly we have to start managing money and making wise choices. So, we tend to blunder through money decisions as we gain experience. On this episode of the Dentist Money™ Show, Ryan and Matt examine some of their missteps which helped form the financial opinions they believe today. Did the stress of learning about money management when you were young bias how you think about investing? Or did they result in good habits? Experience is the best teacher and Ryan and Matt offer some compelling advice to their younger selves that you can use today.

#271: 4 Profitability Tips from a Dental Intel Executive Feb 17, 2021

On this episode of the Dentist Money™ Show, Ryan welcomes special guest Curtis Marshall of Dental Intelligence. As master of all things data, Dental Intel is well-known for helping practices follow a daily roadmap to reach greater long-term success. Almost every practice can find a way to tweak its performance and create greater profits. The trick is to know where to look. Ryan and Curtis examine four areas within every practice where additional profits can be found.

#270: “Listen to Your Heart” Good for Romance, Bad for Investments Feb 10, 2021

When faced with the painstaking process required for thorough analysis the temptation is to cut corners and just “go with your gut.” It’s a temptation often fed by successful “followed my heart” stories. Intuition may have its place, but when it comes to investing, going through a more rational process has been shown to create better outcomes. On this episode of the Dentist Money™ Show, Ryan and Matt discuss the outside factors that can influence what you may believe is “pure” intuition—and those outside factors make your intuitive responses anything but “pure.”

#269: You’ve Reddit in the News; Now Get Our GameStop Take Feb 03, 2021

For the normal investor, what has been happening on Wall Street lately is a head-scratcher. Hedge funds, financial justice, short squeeze, and of course GameStop have been front-page news. So what’s going on? On this episode of the Dentist Money™ Show, Ryan and Matt examine why the price of GameStop has risen so dramatically. There are many reasons for the recent market madness and Ryan and Matt discuss what can be learned whenever speculation on Wall Street hits the news. Scoring on a long-shot may be thrilling, but Ryan and Matt explain why there are numerous reasons your investment philosophy should be anchored to value investing.

#268: When to Switch From a Simple IRA to a 401(K) Jan 27, 2021

As your career unfolds, the need for the right retirement plan for that part of your career changes. There is a right time to be in an IRA, a Simple IRA, and a 401(k). Knowing when to switch from one to the next can result in far greater net worth accumulation. On this episode of the Dentist Money™ Show, Ryan and Matt examine the pros and cons of Simple IRAs and 401(k)s. Which retirement plan is right for your dental practice is a timing question. Ryan and Matt are right on time with the answers.

#267: A Warren Buffett Investment Secret You Can Mimic Jan 20, 2021

Warren Buffett is considered a superstar investor and he is probably the most well-known name in the investment world. Worth billions, it’s a distinction he surely deserves. On this episode of the Dentist Money™ Show, Ryan and Matt reveal a surprising secret to Buffett’s success—and it’s a secret you can start duplicating right now. Numerous books have been written about the fundamentals Buffett follows on his way to creating a fortune. But this ingredient to that success is often overlooked.

#266: Advice Dentists Want vs Advice Dentists Need Jan 13, 2021

Dentists looking for financial guidance often think they know what they need when it comes to advice. On this episode of the Dentist Money™ Show, Ryan and Matt talk about four fundamentals dentists tend to overlook—but are the things they really need to hear. The rudimentary basics for good financial planning start with these financial pillars. Building real wealth begins by establishing a solid foundation for your long-term financial plan, and that foundation should be based on these four financial principles.

Register for CE Credit Here: https://dentistadvisors.com/dms-ce-266

#265: Two Powerful Tips to Help You Reach Your Financial Resolutions Jan 06, 2021

On this episode of the Dentist Money™ Show, Ryan & Matt take on New Year’s resolutions providing two powerful tips that can help you reach your yearly financial goals. As January 1st rolls past, millions of people have set resolutions which tend to fail very quickly. How can you make goals, especially financial goals, and feel like you’re really making progress towards meeting them by year’s end? Ryan and Matt have some behavior-altering ideas that you need to hear as you start the new year.

#264: Listener Q&A #19 Dec 30, 2020

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt answer a couple of common end-of-year retirement plan questions. And, after watching some U.S. markets reach all-time highs, are you wondering if it’s still a good time to make a lump sum investment? “Backdoor” Roth IRA’s can be effective, but there can be a few complications you should know about. Plus, when putting retirement funds into an extra entity you’ve set up, the IRS has some rules you definitely need to know.

#263: Be Aware of These Dentist-Specific Contract Concerns Dec 23, 2020

On this episode of the Dentist Money™ Show, Ryan welcomes Rob Montgomery whose firm has specialized in legal counsel for dentists for over 20 years. Throughout your dental career you will probably sign associate agreements, leases, acquisition documents, and even sell your practice. Rob takes Ryan through many of the legal nuances you need to be aware of before you ever sign on the dotted line. “Caveat emptor” takes on even greater significance when you have so much at stake.

#262: The Dentist’s Year-End Financial Checklist Dec 16, 2020

On this episode of the Dentist Money™ Show, Ryan & Matt have put together a year-end checklist of financial jobs you can’t ignore. As the year draws to a close there is a lot going on, but Ryan & Matt are on top of things making sure you don’t forget to complete important practice and personal end-of-year tax items. Here are 10 things that need to be done before December 31st—and a few items that can wait until you file your taxes.

#261: Things vs Experiences Dec 09, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan have a conversation about happiness, experiences, and possessions. How can you ensure all the moving pieces that make up your busy life actually enhance its quality? Your brain is constantly jumping from the present to distractions like your to-do list and other worries. While the purchase of things might bring short-term pleasure, Ryan and Reese explore why anticipation of an event excites the brain—making the experience more enjoyable and memorable.

#260: Distractions and Financial Bad Luck Dec 02, 2020

Does it seem like good luck passes by your door without ever knocking? On this episode of the Dentist Money™ Show, recorded on a Friday the 13th, Ryan and Matt talk about typical mistakes that make dentists feel unlucky. You may be using bad luck as an excuse to cover up what are actually bad decisions. Ryan and Matt illustrate how changing your luck often requires that you change your approach when making decisions. Being more diligent with your investment strategy or more organized at your practice are two ways you can turn the table on a run of bad luck. Before you blame a lack of luck, hear what you can do to change your fortune

#259: What Dentists Want to Know — Listener Q&A #18 Nov 25, 2020

On a Q&A Thanksgiving episode of the Dentist Money™ Show, our listeners pitch in with a couple of good questions. The need for “ready cash” has recently been pushed to the forefront with the pandemic—and as a practice owner, you’re sure to face a few more emergencies in your career. So knowing the right amount of money you should have in your emergency fund is top-of-mind for many dentists. When it comes to liquidity, Ryan and Matt provide their formula for how to measure the amount that’s really needed for emergency funds. While a lump sum can sound good, how do you make sure there’s enough money stashed away ... but not too much? The second question is from an older dentist who wants to know how long he should continue paying disability premiums as he gets closer to retirement.

#258: How Will the Economics of 2020 Affect Your Taxes? Nov 18, 2020

The year 2020 has been no ordinary year. And you can expect with PPP, HHS, and EIDL loans and grants, taxes might not be ordinary when they come due. On this episode of the Dentist Money™ Show, Ryan interviews Morgan Hamon of the HDA Accounting Group. Are you wondering what pandemic federal support money might mean for your taxes? On this podcast, Ryan and Morgan discuss loan timelines, qualifying rules, reporting requirements, and IRS guidelines on the federal support you may have received. Plus, there’s a write-off rule that might surprise you—and one you need to know! How Will COVID-Related Loans and Grants Affect Your Taxes?

#257: Why Uncertainty May Be Your Startup Opportunity Nov 11, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Jayme Amos, founder of Ideal Practices. Have you wondered if you’re cut out to start up a practice from scratch? Or maybe you’re nervous about opening your own practice during uncertain times? On this show, Jayme shares stories about those who’ve taken the ownership plunge in 2020. You’ll hear about lending trends, why associates are jumping into ownership from DSOs, and advantages to a startup you may have not considered.

#256: What History Says About Elections and Markets Nov 04, 2020

An election, COVID, protests, uncertainty—on this episode of the Dentist Money™ Show, Ryan and Matt take a close look at the history of elections and the stock market as they forecast what will most likely happen as we move past this one. During your lifetime, your investing timeline will cover eight to twelve different presidencies. Since elections are something you should get used to, Ryan and Matt discuss the Dentist Advisors investment philosophy and why it works through different economic highs and woes.

#255: What Dentists Want to Know — Listener Q&A #17 Oct 28, 2020

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt take a look at why rebalancing your investment portfolio is so important. Plus you’ll hear about different strategies for dividing stocks and bonds among various brokerage and retirement accounts.

When you build a portfolio four things are taken into consideration—the level of risk, geography, company size, and the price of the stock. Find out why Dentist Advisors regularly rebalances your portfolio to ensure it continues growing within your original criteria.

#254: Do Your Favorite Song Lyrics Lead to MO’ Money or MO’ Problems? Oct 21, 2020

Does the music you listen to influence your attitude towards money for good … or bad?

What do Kurt Rambus, the Taxman, and Kenny Rogers all have in common? Count on Ryan and Matt to tie them together on a music-themed episode of the Dentist Money™ Show. There are lots of songs about money, but do any offer good financial advice?

Is it “If I had a million dollars” or “Save that money” for you? Based on famous (and not so famous) songs, Ryan and Matt offer a few of their own money tips. Plus, a listener debuts his country song about debt—written just for Ryan.

#253 How the Practice Whisperer Became a Top 1% Owner Oct 14, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Dr. Travis Campbell, practicing dentist, coach/consultant/speaker, on-line influencer, and author of The Practice Whisperer. In dental school you were told the pinnacle of a dentist’s career is running a practice. Chances are you weren’t taught how to do it. From his experience building a top 1% practice from scratch, Dr. Campbell offers advice on how to stay focused on clinical skills while avoiding typical practice pitfalls that can derail you from achieving success.

#252: Why Dentists Underestimate Their Income, and Why that Matters Oct 07, 2020

How much money do I even make?” That may be the number one question dentists ask their financial advisor. On this episode of the Dentist Money™ Show, Ryan and Matt examine why understanding dental income is so complex—and explain why knowing that number is so central to making good financial decisions. All financial tracking starts with income. You can’t set firm goals or make action plans or strategies unless you know how much money is coming in.

#251: 4 Financial Signals that Can Distract You from Accumulating Wealth Sep 30, 2020

On this episode of the Dentist Money™ Show, Ryan and Matt examine some of the things dentists tend to look at that distract them from seeing the retirement signals which really matter. Do you spend time worrying about short-term changes in the stock market? Are you fixated on figuring out how to open another location? Maybe you daydream about upping your income? When your long-term focus wavers, you may need to be reminded why slow and steady wins the retirement race.

Register for CE Credit Here https://dentistadvisors.com/dms-ce-251

#250: How a Dental-Specific Advisor Can Give You an Advantage Sep 23, 2020

In this episode of the Dentist Money™ Show, Ryan and Matt discuss the reasons why getting dental-specific financial advice is preferable to getting financial advice from a generalist. Dentists are expertly trained clinicians who often carry the weight of running a small business and all that goes with it. That entrepreneur/professional combination often results in very unique financial challenges. If dentists are different, are there advantages to getting financial advice from someone who understands their issues?

#249: The Big Money Decisions that Don’t Go Away in Retirement Sep 16, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan take a look at some of the stressful money issues that retirees come up against. You spend a career planning for retirement, but retirement itself can lead to some surprisingly difficult, and unforeseen, money issues.

The decisions you face as a retiree—housing decisions, family issues, and how to handle your retirement portfolio—can all seem burdensome. Setting yourself up for a retirement with less stress starts years earlier with holistic financial planning.

#248: How to Offer Amazon Prime-like Services to Your Patients Sep 09, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Jordon Comstock of BoomCloud, a software company that helps practices create in-house dental membership programs. During the show, Ryan and Jordan discuss the numerous advantages in-office subscription programs offer.

For patients, membership services can be easy to understand—they’re already paying fees for different types of insurance or subscriptions for things like Amazon Prime. But many dentists remain hesitant. If you’re one, this might be the education you need to finally get on board.

#247: What Dentists Want to Know — Listener Q&A #16 Sep 02, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan answer two listener questions— ”What is the right savings rate for me at this point in my career?” and “What should I do with a sudden windfall?”

Whether it’s through slow accumulation, or sudden good fortune, having the right strategy for putting money to work makes a big difference when trying to grow your net worth. As always, Reese and Ryan have ready guidance for you—along with advice on the role of cash in both scenarios.

#246: Is Third-Party Financing Hurting Your Bottom Line? Aug 26, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Dr. Bruce B. Baird, former dentist and founder of The Productive Dentist Academy. If the first step in making smart financial decisions is practice profitability, then you need to understand all of your options for increasing collections.

Dentists have been trained to use third-party financing, but there are also other financing options worth your consideration. If you could increase your revenues and provide your patients with more choices when it comes to their oral care, would you do it?

#245: Inflation Worries, Declining Currency, and the Tooth Fairy Aug 19, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan discuss how inflationary forces can lead to a declining dollar—something that’s on a lot of people’s minds right now. Inflation is a constant. So how do you make adjustments for it? What types of investments should you be looking for, especially during a monetary crisis like we’re living through?

National Tooth Fairy Day is around the corner and Reese and Ryan use tooth fairy inflation as an analogy for how to think about the dollar.

#244: Do These 3 Things to Reboot Your Team post-COVID Aug 12, 2020

On this episode of the Dentist Money™ Show, Ryan does a follow-up interview with Kiera Dent of The Dental A-Team. As a popular dental team coach, Kiera has her finger on the pulse of offices across the country and offers practical tips your team can follow to find success amid COVID uncertainty.

In an often frank discussion, Ryan and Kiera look at both the good and the bad of coming back from COVID as they examine where you might find unexpected and innovative solutions.

#243: This is Why You Can’t Out-Earn Your Bad Spending Habits Aug 05, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan dissect the pros and cons of budgeting and spending. It may not sound fun, but when it comes to holistic financial planning, talking about where spending fits is not a conversation you should ever avoid.

Your attitudes about spending will change as you progress through your career. Whether you’re a penny-pinching student or a top earner, every lifestyle step, every movement towards a more enjoyable life still requires that you check your limits.

#242: Want to Get Stronger Financially? Use These Benchmarks. Jul 29, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan take a close look at how comparing your financial performance to a standard can help you gain greater financial strength. In fact, our Elements® program was built on performance comparisons. That said, benchmarks can be misused and counterproductive when viewed out of context.

Learn how to closely measure your financial progress in specific areas to develop better habits, and how to make benchmarks more valuable by including someone else to hold you accountable to them.

#241: These Changes May Be Coming to Your Student Loan Debt Jul 22, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Travis Hornsby of Student Loan Planner, experts at helping dentists and other professionals figure out what to do with their large loan debt.

In a wide-ranging interview, Ryan and Travis cover the CARES Act pausing of federal loan payments and how long that might last; what the future may hold for student loan debt; why a tiered approach to your debt might make a lot of sense for you; and a whole lot more.

#240: Is Your Approach to Debt Like a Super Bowl QB Smoking at Halftime? Jul 15, 2020

On this episode of the Dentist Money™ Show Ryan and his webinar partner, Matt Mulcock, discuss the fundamentals of debt. As a dentist, your mindset about debt has to be different. The high income you can achieve requires debt—student loans, equipment, and the possibility of purchasing a practice or practice location.

That means debt is a greater reality for you. But are your attitudes about debt still old-school? Or, do you know how to use debt as one of your greatest tools?

#239: Dolphins Who Get High on Puffer Fish Venom, a Real Estate Podcast Jul 08, 2020

Because it’s quite possibly the most emotional asset one can own, a discussion on real estate seems to always draw a crowd. So gather round this episode of the Dentist Money™ Show and hear what Reese and Ryan have to say about the pros and cons of residential, rental, and office space real estate.

Real estate investments work for some people, but they’re a hassle for others. Reese and Ryan offer their advice on what type of person can make a real estate deal work in their favor—and who should probably steer clear.

#238: Is Your Advisor a Data Nerd or Just Taking Your Word? Jul 01, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Will Gochnour, a member of our Dentist Advisors advisory team. It’s a behind-the-curtain look at what our associates go through as they prepare to take on the role of Financial Advisor.

Data collection is at the heart of our holistic financial planning philosophy and provides the foundation for good financial decisions. Will describes how gathering data for hundreds of financial plans, and then seeing how we use that data to support our advice, prepared him for his current role.

#237: The Stress Test: How Enduring Volatile Markets Leads to Success Jun 24, 2020

Investors are tense, the public seems restless. Where can you find financial calm when everything seems so unstable? On this episode of the Dentist Money™ Show, Reese and Ryan attempt to alleviate your anxiety.

Feeling stress during times of volatility is normal, but if your portfolio has been carefully constructed to fit your personality and long-term goals, you can be confident when others have the stock market jitters.

#236: The Marketing “Don’ts” that are Killing Your Practice? Jun 17, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Minal Sampat, a dental industry marketing guru and the best-selling author of “Why Your Marketing is Killing Your Business.” There are many options for how to market your practice. How do you know what’s the right approach for you?

In this high-energy interview, Minal reveals her formula for how you can actually minimize costs while maximizing the “new client return” on your current marketing program.

#235: What Dentists Want to Know — Listener Q&A #15 Jun 10, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan discuss two listener questions about the future of the stock market. Changing market conditions have many people wondering if they should rethink what’s included in their investment portfolios.

Is a concentrated portfolio of stocks that have been beaten up—like travel, hospitality, energy—the right spot for your hard earned dollars? Or, should you just stick to a globally diversified portfolio? Reese and Ryan offer their guidance backed by some fascinating details and stories.

#234: How to Determine if Your Retirement Goals Are on Track Jun 03, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan look into what it takes to become financially independent. “When can I retire?” is a question financial planners are often asked. Some try to provide a simple answer, but there’s a complexity to the question that deserves an in-depth examination.

Although individual lifestyle and economic uncertainty affect any projections about financial independence, hear what you can do right now to ensure you’re on the path to a comfortable retirement.

#233: The #1 Reason You Should Have a Qualified Retirement Plan May 27, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan discuss the nuts and bolts of the most common qualified retirement plans. Because of the different levels of dental and specialist practices (and with the varying amounts of income they can generate), deciding which qualified retirement plan is the right one for you can be a challenge?

Reese and Ryan take the mystery out of your retirement plan options. After listening, you’ll feel good about which plan you choose—and why it’s the right fit for you.

#232: What Dentists Want to Know — Listener Q&A #14 May 20, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan once again answer your questions. Decisions about finances, taxes, legal issues, insurance, and real estate all have a major effect on the trajectory of your net worth.

Your finances are much more complex than many dentists think. Every transaction can have major implications with a bad decision costing you years of wealth accumulation. Who is asking the right questions for you? And, how much is their advice really worth?

#231: What COVID Has Revealed About Investor Biases May 13, 2020

On this Dentist Money™ Show, Reese and Ryan take a quick look back … and a long look ahead as they discuss the effects of COVID on the stock market, on the dental community, and on themselves. Will a new mindset about money affect your decisions as an investor?

Sharing their personal observations, Reese and Ryan explain why seeing stocks through a COVID looking-glass may affect your attitude towards financial assets.

#230: Before You Defer Your Mortgage Payments, Listen to This May 06, 2020

On this episode of the Dentist Money™ Show, Ryan interviews a 20-year veteran of the home loan industry, Tim Peterson of Cornerstone Home Lending.

Federal stimulates have resulted in low, low interest rates causing some to wonder if now is a good time to refinance? And media coverage about forbearance has others wondering if that’s the right strategy during unusually tight times? Listen as Ryan and Tim take on the difficulties and surprising positives of today’s lending market.

#229: Insurance: What You Need and What You Don’t Apr 29, 2020

On this Dentist Money™ Show, Reese and Ryan examine virtually every insurance policy a dentist might need. As a dentist, you have to manage business risks, as well as think about how to preserve your income in case of something unexpected. You may want to ignore it, but insurance can’t be neglected.

On this podcast, Reese and Ryan share their ideas about how to get the greatest efficiency out of the premiums you pay for your practice and income protection insurance needs.

228: Can You Keep Your Cool When Things Ain’t Cool? Apr 22, 2020

On this episode of The Dentist Money™ Show, Reese and Ryan take a look at the real reasons people end up hoarding during panics. Or more to their point, when markets are diving and your net worth is shrinking, how can you stifle the impulse to push your own panic button?

We all have irrationally strong preferences for things we can control with certainty. Reese and Ryan have some ideas on how to keep your cool when the heat is on.

#227: How Dentistry Will Likely Change in the Aftermath of COVID-19 Apr 15, 2020

On this episode of the Dentist Money™ Show, Ryan interviews BJ Sorensen, Senior Manager of Marketing Strategy and Research at Ultradent. While we may have a front-row seat to the economic effects of COVID-19, BJ’s job is to understand how current trends might alter the future.

What will be the behavioral impact on dentists? Where is practice ownership headed? What jobs will today’s dental students find? BJ and Ryan offer their answers to these questions and many more.

#226: 4 Tips to Stay Ultra Productive During Quarantine Apr 08, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Kiera Dent of The Dental A-Team. A well-known dental practice coach, Kiera has numerous ideas for what you can do today to make your practice better tomorrow.

Get to know The A-Team’s four buckets for dental practice success as Kiera takes Ryan through her extensive list of things you could be working on. “This is your time for a mindset reset,” claims Kiera. Find out what you can do to improve your practice today.

225: April Fools: Don’t Get Tricked into These Financial Blunders Apr 01, 2020

For an April Fools Day episode of the Dentist Money™ Show, Reese and Ryan take a close look at financial mistakes that can make you feel like a money management moron.

It’s been said, “Wise men learn by other men’s mistakes. Fools by their own.” On this show, Reese and Ryan share examples of money miscues you can avoid. Learn from the mistakes of others and then follow these tips so you can keep your net worth growing.

#224: Don’t Let Social Distance Keep You from Building Your Practice Mar 25, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Dr. Brian Harris, the founder of Smile Virtual, a leader in virtual consultations. Have you considered that the mindset you take during this economic pause may result in how well your practice does when it’s back to business as usual?

From the tricks he’s learned about video consults to tips on getting more involved in social media, Brian offers ways to still be productive during unusual times.

#223: Answered: Current Questions About COVID-19 and Markets Mar 18, 2020

The effect of COVID-19 on the economy has resulted in a major market downturn. On this episode of the Dentist Money™ Show, Reese and Ryan provide answers to the financial concerns they’ve been hearing from clients and others.

It’s a pragmatic look at current issues as Reese and Ryan offer advice about where we are—and where leading economic forecasters say we’re most likely headed. Hear why staying calm and rational as you’re faced with major decisions is the right path.

#222: The Difference Between Holistic Planning and Asset Management Mar 11, 2020

It’s a Dentist Money™ Show first as Ryan interviews Matt Mulcock, one of our own advisors. Ryan asks Matt what it was like to work at a large money-management firm.

It’s a one-of-a-kind episode as Matt compares the differences between Dentist Advisors’ holistic financial planning approach with firms that mix product sales with financial advice. You’ll get to know more about Matt—and you’ll hear why he jumped at the chance to work for Dentist Advisors.

#221: Are PPOs Worth the Hassle? Mar 04, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Matt Hironaka of Unitas PPO Solutions. Do you need help evaluating your PPO participation? Are you involved with PPOs and want to improve reimbursements? Or are you wondering if you can negotiate higher fee rates?

Matt answers those questions and many more as he and Ryan discuss PPOs in depth. Frustrated with your PPO relationships (like so many dentists)? Matt has some reliable tips to help you smooth out those disappointing PPO bumps.

#220: What Dentists Want to Know — Listener Q&A #13 Feb 26, 2020

What do DSOs, Dave Ramsey, and financial stress have in common?

The last Q&A episode of the Dentist Money™ Show was several months ago. Since then the pile of good questions has grown, and we’ve picked a couple interesting winners.

“How do you deal with management issues that are part of working in a big DSO? Should you just work for yourself instead of enduring the hassle?” How about, “Is stress a requirement for financial growth?” Plus, Reese and Ryan deconstruct why Dave Ramsey’s “Baby Steps” don’t all work for dentists.

#219: Why a 10% Savings Rate Won’t Cut it for a Dentist Feb 19, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan put Savings Rate (Sr) under the Elements® microscope. And they dive deep into the many reasons why it’s so closely tied to both your debt and your ability to invest throughout your career.

Savings Rate is the key indicator of whether you’re moving your own net worth needle forward, and Reese and Ryan clarify why that’s true. Plus, they have a few tricks that can help you start accumulating more savings faster.

#218: How to Put on a “Happy Face” and Really Mean It Feb 12, 2020

On this episode of the Dentist Money™ Show, Reese interviews Dr. Brian Anderson, founder of the 5,500+ member Facebook group, Orthodontic Pearls. Brian is a popular speaker known for the sincerity he brings to his message of finding positive purpose in your work.

In talking with Reese, he shares how energizing your involvement and fully enjoying how your contributions help people live better can change the way you approach your work. In this show, get into the “flow” with Dr. Brian Anderson.

#217: The Pros and Cons of Dental Partnerships Feb 05, 2020

On this episode of the Dentist Money™ Show, Reese and Ryan answer the question: “As I’m choosing a partner, what would you recommend that would be different from running a solo practice?” Not a question with a quick or easy answer … but a question many dentists ask during their careers.

Partnerships can change financial implications, decision-making dynamics, productivity, work schedule, and staffing requirements. Reese and Ryan take an in-depth look at all the related challenges and benefits.

#216: How to Connect Your Profits to a Higher Purpose Jan 29, 2020

On this episode of the Dentist Money™ Show, Reese interviews Jayme Amos, founder of Ideal Practices, a leader in helping dentists create successful startup practices. Jayme reveals how his own business found an altruistic vision that added greater personal purpose to his work, and created a more unified office culture.

You set the bar for office culture, but also how you’re going to serve your community. It’s a responsibility that can actually help create a better world … and workplace.

#215: Dental Economics Editor Explains “How to Make Greater Profits” Jan 22, 2020

On this episode of the Dentist Money™ Show, Ryan interviews well-known lecturer Dr. Chris Salierno, chief editor of Dental Economics. Their wide-ranging discussion covers topics from how to publish content to how to control your overhead to why Chris thinks it’s a must to know your “gross profit margins.”

As an editor of a leading industry publication, Chris has his finger on dentistry’s pulse. You’ll want to get his take on cost-effective ways to build your practice.

#214: Our Answers to “9 Questions to Ask a Financial Advisor” Jan 15, 2020

On a recent podcast, Reese and Ryan offered Dentist Money™ Show listeners nine good questions to ask financial advisors. Many listeners then turned the tables and said, “OK guys, how about giving us your answers!”

Don’t miss this episode as Reese and Ryan answer questions about their investment philosophy; about their investment allocation strategies; about why they put a focus on dentists. Plus, they explain the Dentist Advisors fee model structure and all of the services that are included with it.

#213: A Simple Marketing Secret You Need to Know Jan 08, 2020

On this episode of the Dentist Money™ Show, Ryan interviews Michael Anderson and Laura Maly of the Wonderist Agency, a full-service dental marketing agency. Does SEO still work? Is Facebook the place for me? Is direct mail the best channel to market my practice? These are typical questions that seem to concern most dentists.

In this timely interview, Michael and Laura explain why finding an authentic message about what makes your practice different should always be the first step in evangelizing your business.

#212: Why There’s More to ROI Than You Think Jan 01, 2020

“What are your returns?” It’s one of the first questions most people looking for a financial advisor ask. But is it the right question? In this episode of the Dentist Money™ Show, Reese and Ryan talk about what other questions may prove more insightful.

The role of today’s financial advisor is more about pairing strategies with your goals and matching the proper risk to the time frame needed for that investment.

#211: How Charitable Giving Improves Your Financial Health Dec 25, 2019

Is there a correlation between personal financial security and charitable giving? Reese and Ryan reflect on the gifts the giver receives on this Christmas Day episode of the Dentist Money™ Show.

The dental community has an impressive record of giving both of their time and money to charitable causes. What drives that desire to give back? And what, if anything, do the givers also receive in return for their gifts?

#210: Clearing Up Confusion About Mutual Funds, Index Funds, and ETFs Dec 18, 2019

In this episode of the Dentist Money™ Show, Reese and Ryan discuss both the differences and the similarities between mutual funds, index funds, and ETFs (Exchange Traded Funds). Find out why choosing the right funds for your portfolio doesn’t have to be an either/or decision.

All of these funds are actually collections of stocks with some differences like expense ratios, tax structure, and volatility. But all three may have a place in your investment strategy.

#209: Does Process Beat Persistence? Dec 11, 2019

In this episode of the Dentist Money™ Show, Reese and Ryan discuss how to establish processes that can ensure you finish all of the financial planning jobs you need to do.

When it comes to holistic financial planning—debt, savings, insurance, estate planning, personal spending, income growth, practice equity, retirement accounts, real estate—you can’t knowledge power your way to getting everything done.

#208: Every Dentist Faces These 3 Risks Dec 04, 2019

Understanding how your personality affects your choices can be difficult. In this episode of the Dentist Money™ Show, Reese and Ryan talk about what you can do to make more rational decisions.

If you feel like “what am I doing with my life?” you may not be taking enough risk. If you’re burnt out or scared, you may be taking too much risk. Reese and Ryan have some ideas to help you think, “Ahhh, this is just right!” when it comes to making important decisions.

#207: How to Turn Your Employees into Teammates Nov 27, 2019

Trying to create an exceptional team—one with positive energy and enthusiasm? On this episode of the Dentist Money™ Show, Reese and Ryan discuss typical organizational dysfunctions that may be keeping your employees from working together as a unit.

Can the well-oiled office of your dreams actually become reality? Reese and Ryan introduce five flaws that often sabotage teams that need to work closely together. And knowing the right solution for each flaw is a must for any organization.

#206: 5 “Musts” Before Buying a Practice Nov 20, 2019

On this episode of the Dentist Money™ Show, Ryan interviews Brian Hanks, author, podcast host, and buyer advocate for dentists looking to purchase a practice. Buying a practice is a life-altering decision—and it’s one you need to get right.

Ryan and Brian discuss the five things that banks want to see before they’ll lend. Plus, Brian throws in a secret ingredient that can give you the midas touch when finding and buying the right practice for you.

#205: Are You Smart? Or Did You Just Get Lucky? Nov 13, 2019

James Taylor, Clark Griswald, and Lady Luck all get a mention in this episode of the Dentist Money™ Show—although (as you might guess) the lady wins most of the attention.

Having the stars align, finding your pot-o-gold, or just plain luck can play a role in people’s lives … and in their finances too. If you’ve wondered why—or maybe what it takes to increase your own lucky odds—Reese and Ryan take a keen look at karma when it comes to investing.

#204: Scary Tales of a Dentist’s Financial Troubles Nov 06, 2019

On a Halloween edition of the Dentist Money™ Show, Reese and Ryan talk about some of the spooky things about finances that tend to scare people—things that might not actually be all that frightening. Then they turn their attention to the things that should really unnerve them.

If you’re worried about debt, down markets, and recessions, your concerns would be better placed by worrying about low profitability, fraud, and losing money through speculation. Listen in as Reese and Ryan explain why.

#203: Here’s How to Control Your Spending Without Budgeting Oct 30, 2019

A recent trip has Ryan pondering hurricanes, wild chicken, and how he spent his vacation money. And, on this episode of the Dentist Money™ Show, he and Reese talk about why, once people get used to spending, they just can’t seem to cut back.

Controlling your spending may be the least sexy part of financial planning, but Reese and Ryan have the secret sauce to help you increase your net worth without pinching pennies.

#202: Tax Savings Strategies for the New Tax Code Oct 23, 2019

On this episode of the Dentist Money™ Show, Reese interviews Morgan Hamon, partner with HDA Accounting Group, a dental-specific CPA firm. A new tax law was passed in 2018. Do you know how it affects your tax liability or your practice?

The new tax code did sweeten some things for you, and Reese and Morgan discuss entity structures and other ways you can chip away at your tax liability under the new law.

#201: Why in the World Would I Hire a Financial Advisor? Oct 16, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan discuss the real role of a “financial advisor.” To achieve financial health while growing your net worth, a specific set of planning items need to be completed.

Today, with so many people selling financial products for a commission, the term “financial planning” can seem confusing. Reese and Ryan talk about the many jobs to be done by an advisor who is really concerned about your overall financial health.

#200: A Quick Look Back and a Long Look Forward Oct 09, 2019

On the 200th episode of the Dentist Money™ Show, Reese and Ryan take a quick look at where we’ve been, and then take a long look forward. And some of their prognostications may startle you.

How will the large number of women entering dentistry change the industry? What’s the future for practice ownership? Will DSO’s continue to grow at their current rate? Get the answers to these questions and much more.

#199 - Colin Carr, Real Estate Just for Dentists Oct 02, 2019

Colin Carr, founder of CARR, is Reese’s guest on this episode of the Dentist Money™ Show. Colin describes the “aha” moment when he knew good representation was needed to protect dentists from getting taken advantage of in real estate deals.

Plus you’ll find out what to look for when buying office space, when leasing might be the best option, how to keep the upper hand when dealing with landlords, and a whole lot more.

#198: A 40,000 Foot View of Your Practice Sep 25, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan discuss how your perception of success might be a little misguided.

Do you wonder if the size and scale of your practice are big enough? While the stress and pressure you may be feeling are real, it might be time to step back, take a deep breath, and see the bigger picture. Learn how you can start making your own grass look greener in this thought-provoking episode.

#197: A Social Media Master Shares His Secrets Sep 18, 2019

In an episode that could be described as “everything you wanted to know about the current state of social media,” Ryan interviews Blake McClellan, CEO of Implant Compare and ringleader of the Dental Influencers Alliance.

Blake explains how the future of social media is changing. It’s getting more human and offering every dentist a way to tell their brand story and be heard. He also offers ways for you to reach out and influence your audience to drive more business.

#196: Is the “Tax Tail” Wagging Your Investment Dog? Sep 11, 2019

Taxes annoy dentists. They bother most people, but they really seem to irritate dentists. On this episode of the Dentist Money™ Show, Reese and Ryan explain why you may need to rethink your approach if your contempt for taxes affects the way you invest.

The kids are back in school, and it’s a great time to get back to the basics of tax planning before the end of the year creeps up on you.

#195: Your Monthly Regimen for Good Financial Health Sep 04, 2019

How often do you examine some of the important things in your life—your physical health, oral health ... financial health? On this episode of the Dentist Money™ Show Reese and Ryan discuss the calendar of financial treatments called Elements® that Dentist Advisors uses to perform financial checkups for dentists on a recurring schedule.

It’s a habit—brushing and flossing daily, seeing the dentist twice a year. It wasn’t always that way. To create better financial health, is it time for you to establish a similar financial routine?

#194: Money Tips from the Founder of Dental Investment Group Aug 28, 2019

What happens when two dental industry financial gurus get together to chat? Find out on this episode of the Dentist Money™ Show as Reese interviews Sunny Pahouja, full-time dentist and founder and moderator of the popular Dental Investment Group on Facebook.

Reese and Sunny take on a variety of topics from market volatility to how to avoid scams and finally to how to navigate the world of financial advisors. There’s sure to be a nugget of wisdom for all investors from novice to expert.

#193: The Meat & Potatoes of Stock Market Investing Aug 21, 2019

The markets are (once again) a bit jumpy. What to do, what to do? On this episode of the Dentist Money™ Show, Reese and Ryan get into the meat and potatoes (well steak and sweet potatoes) of what’s going on as they discuss the three staples of smart investing.

Using examples of perilous economic events from the past 20 years, they offer advice on how you should react to today’s negative headlines. It’s current, and definitely an episode you’ll want to tune into.

#192: What Dentists Want to Know — Listener Q&A #12 Aug 14, 2019

It’s been a while since the last Q&A episode of the Dentist Money™ Show and there’s a lot on our listener's minds. You’ll get the scoop on how much typical dentists really earn. Plus, you’ll want to hear the lively discussion between Reese and Ryan on when it’s time to move from a Simple IRA to a 401(k).

And there’s even more, like “What does it really mean to invest back in your practice?” in this information-packed episode of the Dentist Money™ Show.

#191: Your Estate Planning Wake-Up Call Aug 07, 2019

On this episode of the Dentist Money™ Show, Reese interviews Brent Andrewsen, estate planning expert at the Kirton McConkie law firm. As a practice owner with a growing net worth, you’re probably aware that you should do some basic estate planning. Reese and Brent discuss why that should start early in your career.

Where do your assets go, or who will raise your kids should something unexpected happen? Listen in as Reese and Brent deliver advice your family needs you to hear.

#190: What’s Your Happiness Index? Jul 31, 2019

A once-in-a-lifetime trip to Mongolia provides the backdrop for this episode of the Dentist Money™ Show as Reese shares his recent experience. He and Ryan talk about the relationship between work, family, and living a happy life.

They compare happiness scores by country and discuss findings from an 80-year long Harvard study which identifies four common traits of happy people.

#189: Do Your Kids Know the Value of a Dollar? Jul 24, 2019

From the types of jobs available, to the way we pay for stuff, and our ability to buy anything online — the money paradigm has shifted dramatically in one short generation.

On this episode of the Dentist Money™ Show, Reese and Ryan share ideas for teaching your kids money management skills in the new economy.

#188: How Practice Analytics Are Changing the Game Jul 17, 2019

Ryan’s guest on the Dentist Money™ Show is Weston Lunsford, founder of Dental Intelligence. Weston explains how measuring real-time data improves practice performance and reveals where additional revenue can often be found.

Analytics are changing everything from manufacturing to healthcare to the sports you love. The real question is can they improve your practice? Find out as Weston and Ryan discuss the ways predictive analytics are changing the dental industry.

#187: Rise of the Machines: The Power and Limits of Financial Apps Jul 10, 2019

Good financial planning requires careful thought around hundreds of jobs. On this episode of the Dentist Money™ Show, Reese and Ryan talk about which of those jobs can be accomplished by apps and/or computers, and which still require the human brain.

As Dentist Advisors prepares to launch an app of its own, you’ll be fascinated to hear about the multi-year development process and important insights gained through hundreds of user feedback sessions. You’ll also learn where technology excels—and where it doesn’t.

#186: Major Dilemma: Buy a House or Grow a Practice? Jul 03, 2019

Is getting into that perfect home on your mind? On this episode of the Dentist Money™ Show, Reese and Ryan talk about why that’s such a big decision—and why it can affect your effort to build the ideal practice.

Mixing thoughts about a new home when you’re focused on growing your practice can leave you in a serious quandary. Find out how doing things in the right order will result in greater personal net worth.

#185: The 4 Ingredient Recipe to Optimal Wealth Building Jun 26, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan take on a question that many dentists often ask themselves: “Am I putting my money in the right places?”

When asset building, your money can only go into one of four places—liquid assets, retirement plans, practice growth, or real estate acquisition. Reese and Ryan offer some sage advice about how to prioritize one asset bucket over another as you grow your net worth.

#184: Why Stock Market Curve Balls Are Getting Easier to Hit Jun 19, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan talk about why Ted Williams, the last baseball player to hit over .400, wouldn’t be able to do it today. Increased access to information has changed baseball, and it has narrowed outcomes when it comes to stock market investment returns too.

From baseball to communications to the stock market, everyone has access to more data than at any time in history. Find out why that’s good news for diversified investors and bad news for stock pickers.

#183: Turn Your Biggest Expense Into Your Best Investment Jun 12, 2019

Reese’s guest on the Dentist Money™ Show is Laura Hatch. Founder of Front Office Rocks, Laura has plenty of advice on how your staff can quickly improve the way they serve your clients.

When the phone rings, or when patients come to your office, is your staff doing enough to keep them coming back? Better customer service will help your practice grow faster and Laura offers a few ideas on how your staff can become more focused.

#182: The Wealth Building Version of a Superfood Diet Jun 05, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan offer some food for thought (or at least offer some thoughts about food) as they talk about how focusing on calories and superfoods is comparable to growing net worth.

With their current diets top of mind, listen in as Reese and Ryan offer some ideas about how eating patterns compare to the “Total Term” calculation and how it provides an effective measurement for growing net worth.

#181: How to Solve Your Student Debt Dilemma May 29, 2019

Reese’s guest on the Dentist Money™ Show is Travis Hornsby, founder of StudentLoanPlanner.com. On this episode, you’ll find out why your attitude towards debt may need some adjusting.

From federal loans vs private loans to why interest rates alone shouldn’t dictate your choices, Travis and Reese discuss numerous reasons why you need to think about student loans differently. It’s a podcast for the dentist struggling to figure out how to best handle debt … and for the student currently piling up debt.

#180: What Dentists Want to Know — Listener Q&A #11 May 22, 2019

What’s on the minds of Dentist Money™ Show listeners? Well, real estate for one. In this episode, Reese and Ryan explain the difference between the actual return investors get on real estate versus the return they think they’re getting — and they’ll show you how to calculate it correctly.

Plus there’s controversy about the actual retirement age of dentists. Find out what’s causing the ruckus. Hear both sides of the argument and then decide how the often quoted retirement statistics apply to you.

#179: Why Owning a Practice Might Not Be for You May 15, 2019

Is the decision to buy a private practice as significant as the one you make to get married or have a child? According to Paul Goodman (the Dental Nacho), Reese’s guest on this episode of Dentist Money™, buying a practice may have more influence on your overall life happiness than almost any decision you make in your lifetime. Listen in as Reese and Paul discuss how to make sure the odds for success are in your favor.

#178: Game Over: Common Traps That Kill Financial Progress May 08, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan look at some of their favorite video games and liken their dangers to the financial pitfalls you might face as your career unfolds. The complexity of your financial planning decisions builds as your income increases and your net worth expands. Reese and Ryan reveal how overcomplicating your finances during any stage of your career can slow down net worth growth. To learn how to navigate through the obstacles of personal finance and advance to the next level.

#177: Management Advice from a Successful College Dropout May 01, 2019

Reese’s guest on the Dentist Money™ Show is Jordon Comstock, founder of BoomCloud Dental Membership Software. On this episode, you’ll learn about the impact of in-house membership programs. While new clients and an additional revenue stream sound good, discover reasons why memberships may or may not be the right fit for you.

In addition, Reese and Jordon discuss how adopting best practices from other industries can benefit your practice and lead to greater productivity and increased profits.

To find out how you can tap into a new source of client revenue.

#176: Your Best Investment Could Use Some Attention Apr 24, 2019

On this episode of the Dentist Money™ Show, Reese and Ryan examine why too many dentists concentrate on investments that pull them away from their core money-making machine: their practice.

You paid a huge price for a dental degree and the opportunity to run a very lucrative business. But are you shortchanging your potential by letting your investment attention wander elsewhere?

To learn why your practice holds the greatest possibility for net worth growth.

#175: Embezzlement Warning Signs You Need to Know Apr 17, 2019

Ryan takes the mic on this Dentist Money™ podcast. His guest is David Harris, founder of Prosperident, a forensic investigation firm that specializes in investigating, and protecting dentists from, embezzlement. If you think embezzlement won’t happen to you, statistics show it’s highly likely to occur during your career. Ryan and David discuss what leads people to embezzle; they profile what a typical embezzler might look like, and they give you warning signs that might tip you off that something is awry.

#174: Where Vanguard Really Stands on Using an Advisor Apr 10, 2019

Vanguard founder, John Bogle, is known for giving individual investors access to the market through low-cost index funds. The approach bypassed unnecessary management fees and allowed people to “buy the market” using diversified funds. To this day, John’s following of “Bogleheads” remains energized by his philosophy and often steers other investors toward a self-directed path. And yet, recent Vanguard studies show how guidance from an investment advisor can lead to significantly better returns. So what’s the right strategy for you? In this episode of Dentist Money™, Reese and Ryan discuss common misconceptions about Vanguard’s position, when it makes sense to hire an advisor, and the type of advice worth paying for.

#173: How to Get High-Cost Treatment Cases to Say “Yes” Apr 03, 2019

Today, Reese welcomes Dave Roehr to the Dentist Money™ podcast. Dave is CEO of Proceed Finance, a company that specializes in affordable financing for patients thinking about cosmetics or other large treatment cases. Many patients want or even need, high-cost procedures. With only an estimated 15% of people in the U.S. able to afford to pay in cash, Dave and Reese take a close look at what you can do to reach the other 85%.

#172: Good News for People Who Like Bad News Mar 27, 2019

War, terrorism, natural disasters, economic uncertainty. On this episode of the Dentist Money™ Show, Reese and Ryan discuss the type of news that drives ratings, and the impact it can have on our decision making.

They discuss perception versus reality and use headlines from the past to illustrate how smart investors navigate through all the noise.

#171: Here’s Where Your Profits are Hiding Mar 20, 2019

Reese’s guest on this episode of Dentist Money™ is Elijah Desmond. Well-known for his Smiles at Sea CE Cruise conferences, Elijah talks about his entrepreneurial pursuits and offers a unique viewpoint on the many opportunities in dentistry. Having started eleven businesses and counting, he’s not only good at implementing the strategy, but his hands-on career has made him an expert on how to make any practice click.

#170: Crystal Ball Predictions from Dentistry Experts Mar 13, 2019

On this Dentist Money™ show, Reese and Ryan take time out to interview several well-known dental industry leaders at the Voices of Dentistry Summit. Experts from Kleer, Inspired Hygiene, Wonderist Agency, and others, chat with Reese and Ryan, and offer their unique points-of-view about the coming year. The interviews can be unexpectedly personal, and often truly powerful. It’s a one-of-a-kind show full of little golden nuggets of wisdom.

#169: Dentistry is Changing. Where Do You Fit? Mar 06, 2019

On this episode of Dentist Money™ Reese and Ryan take a closer look at the dental industry and the growing opportunities within it. As the industry evolves, a diverse set of new jobs are becoming available. Reese and Ryan talk about why it’s important to know exactly where your skills fit in today’s marketplace. Should you grow your practice? Focus on lifestyle? Do something non-traditional? Here are a few things to consider as you make your optimal decision.

#168: Chicago’s Pediatric Dentist for the Pros Feb 27, 2019

Reese’s special guest on this episode of Dentist Money™ is Dr. Grace Yum. Recorded at the Voices of Dentistry Summit, this interview follows Dr. Yum’s journey from hygienist to an owner of two lucrative practices in Chicago. She explains the strategy she took as an associate, and how it eventually prepared her to start two practices from the ground up. Plus, you’ll enjoy hearing the philosophies that led to Dr. Yum’s success and her ideas about practicing dentistry with a growing family.

#167: What Dentists Want to Know — Listener Q&A #10 Feb 20, 2019

What’s on the mind of Dentist Money™ Show listeners? Well, with so many choices in dentistry, and so many young dentists wondering, Reese and Ryan weigh in on “favorite location” vs. “best opportunity.” You’ll also discover more about “momentum investing” and who uses it as an investment strategy. Plus, there’s a good discussion on the effectiveness of bonuses vs. ownership for motivating employees.

#166: Scared Straight: Why Documenting Your Work is Critical Feb 13, 2019

Reese welcomes special guest Roy Shelburne on this episode of Dentist Money™. A popular conference presenter, Roy takes time from a busy schedule to tell his fascinating story. From spending 36 years building a successful practice to federal prison, it’s a personal journey that will both frighten and inspire you. But most importantly, as dentistry compliance issues continue to increase, it will change the way you document your work.

#165: Live from the Voices of Dentistry Podcast Summit Feb 06, 2019

Live from Phoenix, Arizona, it’s Satur … the Dentist Money™ Show starring Reese Harper and Ryan Isaac! Enjoy this Dentist Money™ first — a full podcast recorded before a live audience. Using a few astute observations from comedian Steve Martin to theme the show, Reese and Ryan introduce a crowd of new listeners to the essentials of financial planning. Join in as Reese and Ryan get down to the nitty-gritty of why having a good financial plan is so important.

#164: The 3 P’s of Reducing Common Financial Regrets Jan 30, 2019

On this episode of Dentist Money™ Reese and Ryan get philosophical as they discuss a list of typical regrets people feel when they get older. No one wants to feel regrets, but somehow everyone ends up with at least one or two. With so many people experiencing disappointments tied to finances, Reese and Ryan offer their advice on why it’s crucial to have a good savings plan in place as you prepare for your future.

#163: What Cows Can Teach You About Tough Markets Jan 24, 2019

On this episode of Dentist Money™ Reese and Ryan provide coaching to help you keep your emotions in check when there’s turbulence in the markets. Creating wealth over the long haul takes patience and a solid focus on your overall goals. That’s easier said than done. Reese shares how you should really look at stocks based on his ranching experience as a youth. It’s an analogy that will change your perspective during fluctuating markets.

#162: A Dental Coach and a Financial Advisor Walk into a Podcast Jan 16, 2019

Reese’s guest on this episode of Dentist Money™ is Dr. Richard Low, host of the Shared Practices Podcast. With two podcast hosts asking each other questions, Reese and Richard cover a wide range of topics—from target date funds vs mutual funds vs index funds, to selecting the right type of mortgage depending where you are in your career. It’s two podcast hosts for the price of one!

#161: What Dentists Want to Know - Listener Q&A #9 Jan 09, 2019

What’s on the mind of Dentist Money™ Show listeners? Well taxes for one—especially as another year just ended and filing is just around the corner. And you’ll want to hear if the interest rate on your debt makes any difference between paying down loans or investing. Plus, you’ll find out why creating passive income not exactly what you’ve learned—and why that matters as you invest.

#160: Get Ready for a Fight Over Practice Ownership Jan 02, 2019

Jason Wood is Reese’s special guest on this Dentist Money™ Show. Jason’s law firm, Wood & Delgado, specializes in helping dentists with a wide variety of dental-related legal issues. In this episode, Reese asks Jason to look into the future and project what the dental industry might look like in 10 to 20 years. Jason’s vision may surprise you as current trends indicate major changes. Find out what can be done to fight the takeover of dentistry by large conglomerates.

To take a peek into the future of dentistry with an industry expert:

#159: The Word Steve Jobs and Warren Buffett Use to Measure Success Dec 26, 2018

On this episode of Dentist Money™ Reese and Ryan reveal what it takes to get on, and then stay on, your optimal path for wealth creation. There’s one critical word that both Steve Jobs and Warren Buffett said will give you powerful decision-making confidence. In today’s competitive climate, you need to know how to make pivotal career and investment decisions with clarity.

To learn how successful entrepreneurs eliminate wealth-building distractions:

#158: Borrow Against Your Life Insurance Policy: Yes or No? Dec 19, 2018

The “Controversial Opinion Alert” sign is up and flashing for Reese and Ryan’s discussion on this episode of Dentist Money™. Everyone knows there’s a place for life insurance in estate planning - but is there really a “secret sauce” that makes life insurance a more powerful choice to borrow against than other equity building assets? Clever marketing messages from the life insurance industry say there are. Tune in to hear what Reese and Ryan have to say.

To find out which one of your assets is the best to borrow against:

#157: Award Winning CEO of Cotopaxi Shares the Rule of 3's Dec 13, 2018

On this episode of Dentist Money™, Reese interviews Davis Smith, CEO, and Founder of Cotopaxi, one of the world’s fastest-growing outdoor gear brands. Davis shares his experiences and advice on what it takes to build a fulfilling and profitable business - and how to improve your hiring process. Plus, you’ll hear how to set clear core business values, which can unite your team and cultivate a more productive office culture. To find greater practice success, view your business through the eyes of an acclaimed entrepreneur.

Find out what it takes to create a value-oriented and unified team.

#156: 3 Critical Ingredients for Your Decision Making Recipe Dec 05, 2018

Learn how to take your decision making beyond pros and cons. You hear it at the beginning of every show: "We help dentists make smart financial decisions." In this episode of Dentist Money, Reese and Ryan (with a shout out to Benjamin Franklin), dive into the decision-making process. You'll learn how a combination of information, well-defined processes, and personal accountability lead to more confidence and better outcomes. Plus, you'll hear them discuss if and when it makes sense to trust your personal instincts.

#155: What Dentists Want to Know — Listener Q&A #8 Nov 28, 2018

Individual stocks, do they have a place inside your investment portfolio? What’s on the mind of the Dentist Money™ Show listeners? You're about to find out! With tax season around the corner, discover how to best utilize pre-tax savings accounts like 401(k)'s and IRAs vs after-tax options like Roth IRAs. Listen as Reese and Ryan talk about individual stocks and where they might fit in your overall approach to investing--and what growth strategy will actually have the biggest effect on your net worth. It might surprise you.

#154: Reducing Year End Taxes Could Be as Easy as 1-7-9 Nov 21, 2018

Reese’s guest on this Dentist Money™ Show is Jonathan VanHorn, owner of DentistMetrics, a national CPA and accounting firm that helps dentists reduce their tax burden. With 2018 almost in the books, taxes may be on your mind. On this episode, Reese and Jonathan talk about the best money-saving uses of the Section 179 tax code when it comes to equipment depreciation. It’s a timely discussion that includes why trying to move into a lower tax bracket can be significant. Get ready for some year-end planning ideas, and a conversation that should interest every dentist.

#153: What are the Hidden Costs of Timing the Market? Nov 14, 2018

The actual cost of market timing could be higher than you’re willing to pay. On this episode of Dentist Money™, Reese and Ryan discuss the difference between thinking you’re in control—and actually being in control. They examine, how acting on that impulse can lead to poor financial performance and the emotional cost of market timing. They tie it all together with some suggestions on how to rethink your approach to market fluctuations and why a long-term, globally-diversified approach to managing your portfolio helps eliminate the risk of emotional investing.

Are you ready to dive into the actual cost of market timing?

#152: The Top 10% of Dentists Have This in Common Nov 07, 2018

Dr. Justin Short, founder and creator of "The Lifestyle Practice," and co-author of the new book "The Titans of Dentistry: How the Top Performers Think and Act Differently," is Reese's guest on this episode of Dentist Money™. Reese and Justin discuss the top traits and skills it takes to move into the top 10% of dentists - and Justin shares the good, bad, and ugly moments that shaped his career path and led him to both personal and professional success.

#151: How Fast Should Your Net Worth Grow? Oct 31, 2018

One simple formula can bring your entire financial picture into focus. Do you know what it is? On this episode of Dentist Money™, Reese and Ryan discuss an English Friar, the Principle of Parsimony, why Reese hates peacocks—and why tracking your net worth is a critical part of understanding your financial health. They break down the net worth formula and explain the pace at which yours should grow. It’s a back-to-basics conversation to help you spend your energy on the fundamentals that matter most.

#150: How to Avoid Becoming a "Drive By" Dental Practice Oct 24, 2018

On this episode of Dentist Money™, Reese and Ryan discuss how dentists can successfully position practices to “know what they are not” - and how to avoid becoming a “drive-by” dental practice. Plus, they discuss ways to build a thriving team, celebrate success with patients and - and why dentists could learn a thing or two from the Foo Fighters.

#149: Are Uninsured Patients the Key to Boosting Profitability? Oct 17, 2018

On this episode of Dentist Money™, Reese interviews Dave Monahan, CEO of Kleer. Dave offers his expert take on why uninsured patients are avoiding the dentist because they overestimate the cost of treatment, and how implementing subscription pricing can help overcome that concern. Plus, you’ll hear some surprising statistics on dental insurers' profit margin, and why cutting them out—when you can—will increase your bottom line.

#148: What the Heck Does “Financial Planning” Even Mean? Oct 10, 2018

You need financial advice, but how can you judge whether you’re getting real value from your “advisor?” In this episode of Dentist Money™ Reese and Ryan discuss how financial planning services are still in their infancy, and why so many advisors misuse the word “planning.” They also discuss the building blocks of a comprehensive plan. And, since financial planning isn’t a term either of them care for, you’ll finally hear why every Dentist Advisors podcast opens with “helping dentists make smart financial decisions.”

#147: Profitability Advice from a Dental-Specific CPA Oct 03, 2018

When’s the last time you gave your practice a financial x-ray? Would an expert accountant find any hidden problems? Morgan Hamon, founder of HDA Accounting Group, is Reese’s guest on this episode of Dentist Money™. By focusing his firm’s tax, accounting, and consulting services solely on dentists, Morgan has gathered valuable benchmarking data to measure key performance indicators of a dental practice. During this interview, he shares his thoughts on profitability improvement and overhead management. He also discusses if and when it’s time to invest in more growth.

#146: Can NBA Analytics Revolutionize Your Personal Spending Plan Sep 27, 2018

Are you ignoring the most effective shot in your financial planning arsenal? In this episode of Dentist Money™ Reese and Ryan discuss how to rethink your approach to personal spending by using the money-ball analytics behind the NBA’s recent 3-point shooting revolution. And this is no boring, painful discussion about “budgeting.” Reese and Ryan deliver hope-inspiring advice on how to use effective financial planning to live a more enjoyable life both now, and in the future.

#145: 6 Secrets to Hearing “Yes” from Your Patients More Often Sep 19, 2018

More referrals, fewer no-shows and higher case acceptance? It’s not too good to be true. Dr. Chris Phelps, a best-selling author and the only dentist with Cialdini Method Certified Trainer credentials, is Reese’s special guest on this episode of Dentist Money™. In this show he and Reese explore six ways to positively persuade people when they’re making decisions. As a practice owner, knowing these techniques can help you create a more productive office environment—and build your practice as you get more patients to say “yes” to treatment.

#144: What Dentists Want to Know — Listener Q&A #7 Sep 12, 2018

You’ve seen the headlines: “Bull Market!” Or, “A Bear is lurking!” What do these two terms really mean for your investments? It’s time for another round of listener questions on this episode of Dentist Money™. Are we in a Bull market? How do you know it’s a Bear market? Reese and Ryan help define these overused terms, and show how a long- or short-term investment attitude really shapes the definition. And since they’re defining terms, they also discuss net worth, how it’s measured, and where you might expect yours to be at different points in your career. Finally, Reese and Ryan have a few thoughts on HSA strategies—and how that medical savings opportunity can fit into your retirement planning.

#143: Are You Addicted to “The New Patient Fix?” Sep 05, 2018

Learn how to maximize profit for each patient who comes through your door. In this episode of Dentist Money™ Reese interviews Dr. Rich Madow, co-founder of The Madow Center for Dental Practice Success, host of TBSE (The Best Seminar Ever), successful author, highly-entertaining speaker, and award-winning composer. Reese and Rich offer practical solutions to many of the issues you face as a practice owner, from how to increase profits to how to ensure your team works well together. We promise a good time—and some great insight into what it takes to run a successful practice.

#142: The Naked Truth About Being Afraid Aug 29, 2018

What do sharks, snakes, surfing, and mosquitoes have in common? In this episode of Dentist Money™ you’ll find out as Reese and Ryan talk about scary things that make you worry at the expense of other things you should be more concerned about. Of course the focus is on investing and how your fears might affect your future, but there’s nothing like a great analogy to get a good discussion rolling. Take a closer look at your financial fears, you may be obsessing about the wrong thing.

#141: Could Increasing Speed and Patient Count Hurt Your Production? Aug 22, 2018

What’s the relationship between patient volume and practice growth? In this episode of Dentist Money™ Reese interviews Dr. Bruce Baird, practicing dentist and Founder and President of the Productive Dentist Academy. If you think being more productive means increasing your speed and adding more patients, you need to hear Dr. Baird’s practical advice. He’s helped thousands of dentists improve their productivity—and they’ve done it while working fewer hours. Listen as Reese gets Dr. Baird to share his recipe for increasing collections without working yourself into the ground.

#140: The Top Financial Concerns from a Poll of Top Dentists Aug 15, 2018

Are you struggling with the same financial challenges as other dentists? Reese recently posted a survey in a popular online dental forum asking dentists what they were most concerned about when it came to their finances. In this episode of Dentist Money™ Reese and Ryan share the results of the poll and shed light on the two most popular responses. Take a second to think about the source of your financial stress, and then listen to see if you’re in good company. The results might surprise you.

#139: How the Editor of Dental Economics Manages His Practice Aug 08, 2018

In this episode of Dentist Money™ Reese interviews Dr. Chris Salierno, chief editor of Dental Economics magazine and international lecturer. You’ll hear why the days of passive practice ownership are over. You’ll also learn about resources that can help you think more strategically and improve your business model. Plus, Reese and Chris have fun covering a few typical dentist issues in a fast paced lightning round.

#138: Do Big Pension Fund Investors Know Something You Don’t Aug 01, 2018

Does it make sense for you to invest like big pension fund managers? The answer may surprise you. In this episode of Dentist Money™ Reese and Ryan take a close look at how investments for large endowments are managed. You’ll hear about the mix of assets in these portfolios, and you’ll learn how “alternative” investments have played into their strategies. Most importantly, you’ll discover if it makes sense for you to follow suit with your own investments.

#137: Feeling Isolated? Here’s How to Build a Network of Dental Amigos Jul 25, 2018

Are you creating a network of experts to help you build a successful practice? According to the Dental Amigos, Robert Montgomery and Dr. Paul Goodman, “Dentistry can be a lonely profession without good friends.” In this fast-paced episode of Dentist Money™, Reese, Robert, and Paul cover everything from servicing student debt to DSO’s to startup vs acquisition. And you’ll want to hear The Dental Amigos explain why networking is so critical to today’s successful practice. Plus, Reese pulls out a Dentist Money™ favorite—the Lightning Round.

#136: What Dentists Want to Know — Listener Q&A #6 Jul 18, 2018

Reese and Ryan knock out another round of questions on this Q&A episode of Dentist Money™. Hear their advice on what to look for in companies that provide after-tax investment services. And, in the always a “hot topic” category, you’ll hear them discuss the trade offs between paying down debt versus building liquidity. Plus, there’s a new wrinkle in this episode as Reese and Ryan pull quotes from a social media discussion on the same topic—so you’ll hear how other dentists view the debt and liquidity conversation.

#135: Surprisingly Effective Ways to Communicate with Your Staff Jul 11, 2018

Are you getting through to your staff? Learn communication skills that deliver rapid results. Katherine Eitel Belt is CEO of LionSpeak, a communications coaching company, and she is Reese’s guest on this episode of the Dentist Money™ Show. An international keynote speaker, author and coach, Katherine is known for her non-traditional approach to leadership and team building. Listen as she shares her unique viewpoint — one that can help you become a better leader and get you on the same page with your staff and patients. More importantly, you’ll find out how Katherine’s suggestions can help you put your business on a solid growth path.

#134: Are You Paying for Generic Advice You Could Get for Free? Jul 04, 2018

It’s time for Reese to take the hot seat as we switch things up a bit for this episode of Dentist Money™. Dr. Russell Kirk takes the lead and interviews Reese for The Business of Dentistry podcast. Enjoy a different point-of-view as Dr. Kirk asks the questions and Reese offers his advice. And Reese has plenty to share with ideas on how a well-planned financial strategy can make a huge difference to both your practice and your preparation for retirement.

#133: Here’s What’s Wrong with Your Investment Risk Profile Jun 27, 2018

Do you remember completing a risk assessment the last time you set up an investment account? Did it really set your savings plan on the right trajectory, or did it simply cover your advisor’s butt in case you weren’t happy with the eventual returns? In this episode of Dentist Money™, Reese & Ryan talk about an Element called Equity Rate from our periodic table of financial indicators. They explain why traditional risk assessment tools fall short of measuring your investment needs, and how they miss the mark when it comes to creating the right balance of stocks and bonds in your portfolio.

#132: What Dentists Want to Know — Listener Q&A #5 Jun 20, 2018

Do wealthy people offer the best financial advice? What benefits should I offer my employees? Remodel my home or buy a new one – what’s the right choice? Reese and Ryan tackle these three questions on this Q&A episode of Dentist Money™. You’ll hear Ryan list four types of people Forbes says you should avoid taking advice from — it might surprise you. And you’ll find out what other group practices do when it comes to employee benefits. Plus, Reese has a lot to say about buying or remodeling as he recently went through that decision himself.

#131: Pros and Cons of a Scratch Start vs Acquisition Jun 13, 2018

What path should you take to practice ownership – start-up or acquisition? For the past decade Jayme Amos has coached numerous dentists on how to achieve greater satisfaction from practicing dentistry. On this episode of the Dentist Money™ Show, Jayme shares with Reese how personality traits should be factored into business decisions. And he discusses the important differences between starting a practice from scratch, or purchasing an existing practice. As an expert on work/life integration, Jayme also has some suggestions on how you can build a practice that reflects your personal values.

#130: Why a Cheap 401(k) Provider Will Eventually Cost You More Jun 06, 2018

By ignoring your office retirement plan, are you making a seven-figure mistake? On this Dentist Money™ Show, Reese and Ryan talk about qualified retirement plans and why a yearly review makes such a huge difference. You’ll hear why the cheapest 401(k) provider may not really be the least expensive. And, you’ll find out how to avoid getting surprised by employee plan fiduciary responsibilities and liabilities from falling on you, which occurs more often than you think.

#129: Peak Practice Performance Starts With This May 30, 2018

It’s one of the biggest problems that keeps struggling practices from succeeding. On this episode of the Dentist Money™ Show, Patty Ricard, dental practice manager, consultant and life coach, addresses a common issue in office management, and shares her keys for your practice to reach peak performance. She talks with Reese about what methods you can use to build better patient and team loyalty – and why instituting just a few changes can lead to more profitability.

#128: What Are Your Best Options for Passive Income? May 23, 2018

How will you create cash flow that requires minimal effort? On this Dentist Money™ Show, Reese and Ryan discuss something people love to daydream about – passive income. You’ll hear how real estate measures up to other passive income options and learn about the two main components of passive income. And you’ll find out what it means to harvest your assets correctly in order to make them last longer.

#127: What You Need to Know Before You Expand Your Practice May 16, 2018

How did this dentist go from associate to a 28-operatory multi-speciality practice? In this episode of Dentist Money™, Reese interviews Dr. David Bender who shares how he expanded his services and built such a large scale operation. Dr. Bender talks about the financing decisions he faced, DSO versus private practice considerations, partnership agreements, and how personality plays into business decisions.

#126: What Dentists Want to Know — Listener Q&A #4 May 09, 2018

Is there a “right way” to pay your family members through your business? When is it the right time to hire a financial advisor? Should I start a private practice? All three of these questions have something in common. They’re the topics discussed on this Q&A episode of Dentist Money™. Reese and Ryan give their advice on what tax saving vehicles to use when paying kids; they discuss the right timing for hiring a financial advisor; plus they share their reasons why opening a private practice isn’t necessarily the right choice for every dentist.

#125: Four Harmful Investment Behaviors and How to Avoid Them May 02, 2018

What do guinea worms, selfies, and sharks have to with behavioral finance? You’ll be surprised how they fit together in this fascinating episode of Dentist Money™. Reese Harper, CFP® welcomes Dr. Daniel Crosby, psychologist, behavioral finance expert, and New York Times best-selling author of The Laws of Wealth. Their discussion covers a variety of behaviors that affect the way people invest. Find out how your investment decisions might be distorted by your own emotions.

#124: Why Higher Practice Value Can Lead to Better Investment Returns Apr 25, 2018

How does practice equity fit into your overall asset mix? As you build your net worth, do you consider how much your practice will contribute to your retirement? In this Dentist Money™ Show, Reese and Ryan explain how to prioritize your practice in relation to other assets like real estate, investments, and retirement accounts. They also explain how growth of one asset type can lead to growth of another.

#123: Will Transitioning to a DSO Make You More Money? Apr 18, 2018

It could be the #1 question on dentist’s minds: “How will the growth of DSOs affect my practice?” In this Dentist Money™ interview from the Dental Success Summit, Reese Harper, CFP® welcomes attorney Brian Colao, Director of Dykema’s Dental Service Organizations Industry Group. Brian represents several DSO venture capitalists and shares his view on the DSO business model compared to solo, multi-location, and group practices. He explains when it makes sense to transition to a DSO, how ownership structure differs from traditional practices, and the implications of selling to a DSO buyer versus a private practitioner.

#122: How Much Disability Coverage Do You Need? Apr 11, 2018

What would happen if health issues prevented you from practicing dentistry? Would your current disability policy keep you afloat? In this episode of Dentist Money™, Reese & Ryan discuss a financial indicator from the Elements® table called Insurance Rate, and the performance benchmarks calculated during a recent analysis for Dentist Advisors clients. They touch on a few considerations for life insurance coverage, and dive deep into the features and definitions within disability policies that can have a major impact on a dentist’s financial security.

#121: 4 Ways to Grow Your Practice with Social Media Apr 04, 2018

How does social media influence the type of patients you attract? Beyond new patients, how can social media be used to grow your business? In this interview at the Greater New York Dental Meeting, Reese Harper, CFP® interviews Jack Hadley, founding partner of My Social Practice and MBA professor of social media marketing. Jack explains how social media can be used to strengthen relationships, describes some simple methods dentists can use to create effective content, and talks about leveraging your “alpha” audience to grow faster.

#120: What Dentists Want to Know — Listener Q&A #3 Mar 28, 2018

What’s on the minds of one Pedo and two GPs? Debt repayment, retirement plan consolidation, and equipment budgeting. And in this episode of Dentist Money™, Reese & Ryan address each of these listeners’ questions by reacting to a well-known blogger's advice about debt, explaining the right way to fund new retirement accounts, and describing how equipment should be viewed from an investment perspective.

#119: What Would Happen if You Lost Your Office Manager? Mar 21, 2018

Is your office manager irreplaceable? Or do you have systems in place to stay afloat if you had to find someone new? In this Dentist Money™ interview, Reese welcomes Kiera Dent, founder of Dental Masters and practice consultant for dentists across the country. Kiera covers issues related to embezzlement risk, office manager dependency, daily reporting, and setting budgets for staff. She also shares three simple things you can do to boost production immediately.

#118: A Rant to Make You Rethink Target Date Funds Mar 14, 2018

Have you looked into target date funds as an investment option? A lot of dentists are drawn to this seemingly safe, inexpensive, and low maintenance way to save for retirement. But there’s often a misunderstanding about why these funds exist and who should be using them. In this episode of Dentist Money™, Reese & Ryan explain the intent of target date funds, the limitations they impose for dentists, and how they often get misused.

# 117: The #1 Thing Dentists Wish They’d Known Before a Transition Mar 07, 2018

What are your options when it comes to buying or selling a practice? Will it be a gradual buyout or a clean break? In this episode of Dentist Money™ recorded at the Greater New York Dental Meeting, Reese Harper, CFP® welcomes Wayne Oplinger, Transitions Analyst at Benco Dental who shares the most common mistakes dentists make when going through transitions. He talks about the current state and future outlook of the dental practice market, observations he’s made during hundreds of interactions with practice owners, choices and variables to consider when planning a transition, and the biggest regret dentists usually face after selling their practice.

#116 How Much Money Does a Dentist Need to Save? Feb 28, 2018

How does your savings rate compare to other dentists? More importantly, how much money should YOU be putting away each month? In this episode of Dentist Money™, Reese and Ryan cover Savings Rate fundamentals and recap a few insights gained from this month’s Elements® analysis for clients of Dentist Advisors. They talk about appropriate levels of saving, how Savings Rate might change throughout a dentist’s career, and why the advantages of a balanced savings plan go beyond building a financial reserve.

#115: Does Your Study Club Feel Like a Waste of Time? Feb 21, 2018

How would you rate your study club experiences? Do they add real value or do they seem unproductive? In this episode of Dentist Money™, Reese welcomes Dr. Martin Mendelson, Executive Vice President of Client Services at Spear Education. In this interview, Dr. Mendelson shares the keys to cultivating a successful study group. He also explains the roles of coaches, consultants, and mentors in a dentist’s life and the mindset of practice owners who embrace continuous improvement.

#114: What Dentists Want to Know — Listener Q&A #2 Feb 14, 2018

Do you have burning questions about your personal or practice finances? In this episode of Dentist Money™, Reese & Ryan respond to three dentists who submitted questions about office retirement plans, annuities, and “backdoor Roth” accounts. Advice includes the bigger picture around retirement plan selection, questions to ask about your existing annuities, and how cash flow plays into investment account decisions.

#113: Here’s What’s Changed About Practice Management Feb 07, 2018

What’s the right balance of delegation and direct involvement? As the CEO of your practice, do you have enough information to be strategic, but not so much that it bogs you down? In this episode of Dentist Money™ Reese Harper welcomes Penny Reed who explains how practice management has evolved over the past twenty-five years. Penny is a renowned speaker and author, and has coached dentists across the country to become more profitable through better delegation and accountability. In this interview, she discusses the true value of a good consultant, how your personality should play into business decisions, and common mistakes that lead to poor office cultures.

#112: Why You Need to Know Your Liquid Term Jan 31, 2018

How much cash should you keep on hand? Beyond an emergency fund, what are the advantages of maintaining adequate liquidity? And at what point have you accumulated too much cash? In this episode of Dentist Money™ Reese & Ryan dive into a calculation called “Liquid Term” from the periodic table of financial Elements® and recap findings from last month’s client performance analysis. They raise common questions around cash management, highlight the lesser known advantages of having enough liquidity, and describe how a dentist should expect liquidity to grow over the course of a career.

#111: How to Keep Your Practice from Hitting a Plateau Jan 24, 2018

What does it take to build a business beyond yourself? Even if you’re the only producer, how can you maintain the humanity of your practice as you grow? In this Dentist Money™ interview recorded at the Greater New York Dental Meeting, Reese welcomes Peter Shallard, Founder of Commit Action, and personal coach to entrepreneurs from Silicon Valley to Wall Street. Peter discusses the intersection of business and psychology, and explains why it’s so easy for dentists to become their own worst enemy when trying to grow a practice. He talks about the lies business owners often tell themselves, how burn out usually sets in, and the danger of an all-or-nothing thinking.

#110: What Dentists Want to Know — Audience Q&A #1 Jan 17, 2018

The listeners asked, and we responded. But it was mostly by email, and the people who asked the questions were the only ones who got the advice. So we had an idea: “Let’s choose the best financial questions from our loyal listeners and answer them on air.” Then we high fived each other and made this episode. You’ll hear Reese & Ryan answer a liquidity question from a graduating dental student, an entity structure question from a mid career dentist, and a retirement plan question from a practice owner in his 60’s.

#109: Are You Investing in Your Practice’s Most Valuable Asset? Jan 10, 2018

How would you rank the building blocks of a valuable practice? Are there certain assets within your business that carry more weight than others? In this episode of Dentist Money™ Reese welcomes Steven J Anderson, co-founder of Crown Council and the TOPS Institute. Steven describes the foundation of every great practice and the leadership qualities exemplified by the best owners. He also shares his view on the new standard of care in dentistry.

#108: This is Why Dentists Feel Too Busy Jan 03, 2018

Has your schedule gotten away from you? Have you thought about hiring another dentist to help you shoulder the load? In this episode of the Dentist Money™ Show, Reese & Ryan discuss some of the most common reasons dentists feel overworked and underpaid. They also explain why the source of the pain might not always be what you think it is.

#107: How to Compare Your Tax Rate to Other Dentists Dec 27, 2017

Are you sick of surprise tax bills? How do you know if you’re paying a fair amount for your level of income? In this episode of Dentist Money™, Reese & Ryan cover all things taxes including income calculations, common deductions, entity structure implications, and how tax reforms at the end of 2017 might impact conversations with your CPA. They also explain why it’s not always easy to compare your tax rate to your peers’.

#106: The Truth About Annuities Dec 20, 2017

Have you considered buying an annuity? Maybe you already have one. Either way, you should understand how they work and why a lot of people experience annuity remorse. In this episode of Dentist Money™, Reese & Ryan list ten things annuities and timeshares have in common. They also explain how dentists often get pressured into purchasing annuities and why they don’t always get the returns they expected.

#105: Morning Routines that Will Make You a Better Practice Owner Dec 13, 2017

Is it possible that your desire to achieve is keeping your practice from reaching the next level? Or more broadly, are your ambitions holding you back from a more epic life? In this episode of Dentist Money™, Reese welcomes Dr. David Maloley, owner of Vail Valley Dental Care and host of the Relentless Dentist Podcast. Dr. Maloley reflects on his journey from “deadbeat undergrad” to one of the most successful practice owners in Colorado, and offers his formula for greater fulfillment — both personally and professionally. He describes his daily routines, how he stays in the moment, and two core principles that changed the trajectory of his practice.

#104: When Will the Stock Market Bubble Burst? Dec 06, 2017

When can we expect the next major market correction? Plenty of experts have weighed in recently as financial markets continue to expand. So who should you listen to? In this episode of Dentist Money™, Reese & Ryan evaluate headlines from major financial publications over the past several years to determine the accuracy of market projections. They also pose a more important question investors should ask to ensure their portfolios remain bubble-proof.

#103: Are You Tired of Insurance Companies Running the Show? Nov 29, 2017

What’s the right mix of fee-for-service and PPOs? While the answer may vary by practice, most dentists would like to run a business that relies less on insurance income. In this episode of Dentist Money™, Reese welcomes Gary Takacs, who explains how practices can thrive in a world of heavy handed insurance companies and the emergence of corporate dentistry. He also provides answers to questions like: When should I hire my next front office employee? Should I continue to use my lab or buy a CEREC? When is it time to part ways with an employee? When should I hire an associate? When is it time to sell my practice?

#102: How Fast Should You Pay Off Your Loans? Nov 22, 2017

Should you pay down debt or invest? The sum of student loans, practice loans, equipment loans, and real estate loans can seem insurmountable for a dentist. So what’s the right pace to chip away at them? In this episode of Dentist Money™, Reese & Ryan explain how managing debt the right way can help you build wealth much faster. They also discuss the way debt should be viewed at different phases of a dentist’s career.

#101: Are You Thinking About Investing in Bitcoin? Nov 15, 2017

What’s with all the Bitcoin hype? Is it here to stay? More importantly, is it a viable investment option? In this episode of Dentist Money™, Reese and Ryan explain the origin of Bitcoin and its emergence in the market over the past few years. They examine the sophisticated “cryptocurrency” trading platform, highlight pros and cons of owning Bitcoin, and share stories of investors who bought in (for better or worse).

#100: How Much Insurance Does a Dentist Need? Nov 08, 2017

Are you taking the right amount of risk with your money? Do you know how much life insurance you need? What about disability? Liability? Policy selection requires more than looking at your budget and deciding how much you can afford. In this episode of Dentist Money™, Reese and Ryan explain how much coverage you should carry and how the amount can change during your career. They also discuss two elements of a dentist’s risk profile that aren’t covered by insurance.

#99: Ask These Questions Before Investing in a Startup Nov 01, 2017

Have you ever thought about investing in a startup? If you haven’t already, someday you’ll be approached to fund the next big thing. And maybe it’s the next Amazon.com. But before you hand over your cash, you’ll want to understand exactly what you’re getting into. In this episode of Dentist Money™, Reese & Ryan walk through the steps of startup investing and provide a list of factors every dentist should consider before jumping in.

#98: Don’t Get Caught Asking this Question About Financial Markets Oct 25, 2017

There’s no such thing as a stupid question. In some cases it might just be the wrong question. And it’s not uncommon for dentists to ask the wrong question about financial markets. In this episode of Dentist Money™, Reese and Ryan explain one fundamental principle of markets a lot of dentists seem to misunderstand. They also explain what a market is by comparing investments to more familiar products we buy in our everyday lives.

#97: 3 Big Decisions Dentists Should Never Rush Into Oct 18, 2017

Have you ever made a big change to your business or financial plan out of frustration? When cash was tight, the market was down, or collections were stagnant, did you allow short term thinking to get in the way of long term goals? In this episode of Dentist Money™, Reese & Ryan identify three classic examples of big sweeping changes dentists make that often come back to bite them. They also offer guidance for choosing less expensive and more effective alternatives.

#96: What You Need to Know About Financial Advisor Fees Oct 11, 2017

What’s the best way to pay your financial advisor? How does fee structure affect performance? In this episode of Dentist Money™, Reese & Ryan explore the pros and cons of five compensation models and the outcomes you can expect from each one. They also describe the fee structure used by DentistAdvisors.com to align clients’ best interest with advisor incentives.

#95: This is Why Dentists Spend Too Much Money Oct 04, 2017

When is the last time you took a hard look at your spending habits? Do you wonder how your current lifestyle choices will affect your ability to retire comfortably? In this episode of Dentist Money™, Reese and Ryan discuss why it’s so easy for dentists to overspend. They also provide valuable reminders to avoid the most common traps that send your personal budget into a tailspin.

#94: The Reason You Should Treat Your Investment Portfolio Like a Dental Practice Sep 27, 2017

What if you looked at your investment portfolio the same way you looked at your practice? Would it change the way you approached financial markets? In this episode of Dentist Money™, Reese and Ryan explain how the same principles used to build your practice can be applied to capture more value with your investment portfolio.

#93: The Problem With Having Plenty of Cash Sep 20, 2017

What does it mean to have financial health? Is it a thriving practice, plenty of income, or an abundant lifestyle? In this episode of Dentist Money™, Reese and Ryan approach the World Health Organization’s definition of health from a wealth-building perspective, and explore the meaning of financial fitness. They also discuss common decisions dentists wait too long to resolve, and offer advice for overcoming economic atrophy.

#92: How to Stop Your Practice from Bossing You Around Sep 13, 2017

Think back to the moment you decided to become a practice owner. What were your hopes and dreams? Did you have visions of freedom, financial upside, and personal fulfillment? Is it playing out like you thought, or has the vision become slightly blurred? In this episode of Dentist Money™, Reese & Ryan describe what it means to live the dream of practice ownership. They discuss common reasons dentists get discouraged along the way, and provide three important keys to building a profitable practice while maintaining work life balance.

#91: How a $2 Billion Private-Equity Fund Went Bust Sep 06, 2017

How does brainpower impact your investment outcomes? Do smart people have the edge when it comes to recognizing the most lucrative opportunities? In this episode of Dentist Money™, Reese & Ryan highlight a major private equity fund that lost everything despite participation from some of the world’s most respected organizations. They also glean three critical lessons every investor should apply.

#90: 2 Big Bets Dentists Make that Delay Retirement Aug 30, 2017

A bet is a bet whether you realize you’re making it or not. Are you letting your future ride on risky propositions that could be avoided altogether? In this episode of Dentist Money™, Reese & Ryan discuss the most common ways dentists allow luck to determine their financial outcomes. They also share advice for building a plan that doesn’t bank on hitting it big.

#89: 7 Signs You’re About to Get Hosed Aug 23, 2017

Have you ever jumped on an investment bandwagon that went south? As a successful dentist you’re a prime target for opportunistic dealers who don’t mind risking other people’s money. In this episode of Dentist Money™, Reese and Ryan explain the difference between legitimate investments and potential money pits. They also list the warning signs of dangerous advice so you can avoid it altogether.

#88: 3 Similarities Between Top-Tier Dentists and World Class Athletes Aug 16, 2017

Is your financial plan ready to go the distance? Have you eliminated all the distractions so you can focus on the fundamentals that drive better results? In this episode of Dentist Money™, Reese and Ryan break down three habits followed by the world’s greatest athletes and describe how the same principles apply to dentists who strive for financial independence at an earlier age.

#87: Do Your Investments Suffer Because of Where You Live? Aug 09, 2017

Pledge allegiance to the flag, support the troops, and cheer for your favorite Olympian. There’s nothing wrong with a little home country pride. But how does love for your country affect your investments? In this episode of Dentist Money™, Reese & Ryan compare Americans, Canadians, and Australians to illustrate how home country bias can influence investment decisions.

#86: Why Most Dentists Miss Out on Bull Market Gains Aug 02, 2017

Would you be happy if your investment portfolio earned average market returns? Is that enough to secure a comfortable retirement? In this episode of Dentist Money™, Reese and Ryan discuss four important habits followed by effective investors, how to set proper expectations for portfolio growth, and a new way to measure the value of a good advisor.

#85: One Trait Wealthy Dentists Adopt Early in their Careers Jul 26, 2017

The world’s greatest inventors, most accomplished musicians, and best athletes often attribute their success to persistence. It’s the same trait that pushed you through dental school and keeps your practice moving forward. But what does it mean to have a persistent financial plan? In this episode of Dentist Money™, Reese and Ryan explore four steps to developing persistence and how each one translates to long term financial success.

Show notes: dentistadvisors.com/tt

#84: What Smart Dentists and UPS Drivers Have in Common Jul 19, 2017

What can brown do for you? In the early 2000s, UPS unveiled a new way to navigate its routes. The idea seemed too simple to be effective, but it drastically improved productivity and saved the company millions of dollars. In this episode of Dentist Money™, Reese & Ryan compare the attributes of a well-run shipping company to those of a good financial plan and explain what it means to have an efficient investment portfolio.

#83: 4 Questions Your Advisor Should Be Able to Answer Jul 12, 2017

What is the role of a good advisor? It depends who you ask, which is part of the problem with the financial industry—there’s no real consensus. In this episode of Dentist Money™, Reese & Ryan explore the spectrum of services offered within financial planning and how some advisors fall short of expectations. They also explain the difference between performance-based and advice-based planning.

#82: The Numbers Dentists Need to Know to Retire Better Jul 05, 2017

When will you have enough money to make work optional? Are you building the right mix of assets? Is your tax rate minimized? Do you have the proper amount of insurance? In this episode of Dentist Money™, Reese and Ryan introduce a periodic table of twelve key indicators called Elements® which gives dentists a straightforward way to answer the some of the most difficult questions about their financial health.

Tt Guide Book Download

4 Keys for Dentists Download

#81: The Biggest Reason Dentists Get Bad Financial Advice Jun 28, 2017

Do you know how your advisor gets paid? If not, there’s a good chance your best interest is taking a back seat to handsome commission checks and all-expenses-paid vacations. In this episode of Dentist Money™, Reese and Ryan describe a hypothetical DSO where production incentives are out of whack and patients are getting the raw end of the deal. Then they draw a comparison to the way many financial firms compensate their advisors.

Listen to the podcast then visit:

http://dentistadvisors.com/review/

#80: Why Dentists Retire 6 Years Later Than the Average American Jun 21, 2017

How is it possible that the average dentists retires later than the average American? Income can’t be the reason — dentists are among the highest earners in the country. And you can’t put all the blame on personal spending when there’s an entire web of variables to consider. In this episode of Dentist Money™, Reese & Ryan cover five main reasons dentists have a difficult time holding onto their income and building enough wealth to retire comfortably.

#79: 5 Misunderstood Financial Quotes Jun 14, 2017

Milton Friedman, Peter Lynch, Warren Buffett. When financial advice comes from a nobel laureate, a legendary mutual fund manager, or an Oracle of Omaha, people tend to listen. But do they really understand the context of the advice? In this episode of Dentist Money™, Reese and Ryan dissect quotes from five famous economists and clarify the intended message of each. They also explain how the principles taught can be applied to dentists.

#78: Is Your Custodian Messing with Your Money? Jun 07, 2017

Are your investments protected from conflicts of interest? What is the relationship between your advisor and the custodian of your accounts? In this Dentist Money™ episode, Reese & Ryan discuss the role of a custodian, why it matters who your custodian is, and how investors have lost fortunes by trusting the wrong people. They also explain how custodians get paid and provide tips for protecting yourself from investment fraud.

#77: Should You Invest Your Extra Cash All at Once? May 31, 2017

Are you hesitant to invest your extra cash? If that emergency fund has turned into an emergency fortune, it’s probably time to let your money spread its wings in the market. In this episode of Dentist Money™, Reese & Ryan discuss findings from a Vanguard study which compares two common approaches to investing large amounts of cash: Lump Sum Investing and Dollar Cost Averaging. They explain the tradeoffs of each approach and the factors to consider before deciding which strategy will work best for you.

#76: A Fifth Grader’s Guide to Becoming a Wealthy Dentist May 24, 2017

Should you pay someone else to do a job you can handle yourself? As a practice owner, you might struggle to know when it makes more sense to outsource or keep things on your own plate. In this episode of Dentist Money™, Reese and Ryan explore the fundamentals of trade, specialization, and opportunity costs, and how economic lessons taught to fifth graders can help dentists improve their net worth.

#75: Do You Turn Your Back on These Front Office Mistakes? May 17, 2017

Do you know what’s happening in your front office? Has your staff been properly trained to offer appointments, ask for payments, and deal with cancellations? In this Dentist Money™ episode, Reese welcomes Laura Hatch, founder of Front Office Rocks, an online resource for dentists who need specialized training for their team on all aspects of the front desk. Laura discusses the four most common challenges in the front office and their financial impact on a practice. She also offers solutions to improve communication within the office, strengthen your value proposition against the competition, and increase case acceptance.

Show notes: https://youtu.be/YgbnDtCDlTM www.frontofficerocks.com laura@frontofficerocks.com

#74: What Beanie Babies Can Teach Dentists About Money May 10, 2017

Have you ever made a financial decision on the grounds that “everyone else is doing it?” When all the facts aren’t readily available, human nature is to follow public opinion. But the herd can lead you off a cliff if you’re not careful. In this episode of Dentist Money™, Reese & Ryan reflect on recent financial trends that led mobs of people to the poor house. They also provide a list of common investment bandwagons that leave dentists holding the bag.

#73: Should You Pay Down Debt or Invest? May 03, 2017

Let’s say you have an extra $30,000 in cash. You can pay down a loan with a 6% interest rate or invest in a retirement plan which could return anywhere from -10% to +10% this year. What should you do? In this episode of Dentist Money™, Reese and Ryan dive into the not-so-simple answer and explain why a lot of people get it wrong. They also weigh in on the pros and cons of cost-driven investment portfolios and provide a list of questions to ask before locking yourself into a loan.

#72: Are Your Marketing Dollars Going to Waste? Apr 26, 2017

Marketing pioneer John Wanamaker said, “Half the money I spend on advertising is wasted; the trouble is I don't know which half.” As a practice owner, you might feel the same way. The challenge of measuring marketing results can be especially difficult for small businesses that have plenty of questions and not enough time to answer all of them. In this Dentist Money™ interview, Reese welcomes Wendy Phillips, founder of Big Buzz, who implements customer-focused dental marketing solutions for practice owners across the country. She highlights the most common marketing mistakes in dentistry, describes what to look for in a marketing agency, and provides inexpensive solutions for market research.

#71: One Way You’re Probably Losing Money on Your Investments Apr 19, 2017

Remember the last time your retirement account took a hit? A lot of people do. You might have questioned the quality of your portfolio and the competency of your advisor. (Your concerns might have been valid by the way). Regardless of who or what’s to blame, losing hurts, and behavioral psychologists have spent years researching how pain avoidance can influence major financial decisions. In this episode of Dentist Money™, Reese and Ryan explain how the fear of losing money can lead to losing more money. They also provide guidance for gaining emotional clarity so you can invest with more confidence.

#70: 5 Mistakes Dentists Make to Fall Behind the Competition Apr 12, 2017

Do you ever wonder if you’re overlooking simple business fundamentals that could take your practice to the next level? Do you struggle to articulate your priorities as a business owner? While the decisions you make throughout your career are endless, there are basic principles that give the best business leaders an edge over the competition. In this episode of Dentist Money™, Reese welcomes Tanner Milne, founder of Menlo Group, the largest dental real estate brokerage firm in Arizona. In this interview, Tanner takes off his real estate cap and speaks to dentists as a business owner who understands the growing pains of entrepreneurship. He offers insights for better hiring, better planning, and better marketing to keep your practice thriving.

#69: 4 Common Ways Dentists Lose Money Apr 05, 2017

Did you know the average American wastes 55 minutes a day, or about 12 days a year, looking for things they own but can’t find (Newsweek)? If it’s lost keys, you could be late for your morning staff meeting. If it’s important financial information, the setback is likely more severe. In this episode of Dentist Money™, Reese & Ryan discuss common ways dentists lose money simply because they don’t know where to find the right information. They explain the preparation that should go into each decision-making scenario and calculate the cost of being unorganized.

#68: How to Avoid Expensive Leadership Mistakes Mar 29, 2017

Reese welcomes Denise Leleux, a leading expert on end-to-end client experience whose 26-year resume includes a position as VP of Global Customer Experience at eBay where she mentored top business leaders and managed a team of 6,000 employees. In this episode of Dentist Money™, Denise draws on her client-communication expertise and the observations she’s made while in the chair at dental practices from Dallas to Denver and Louisiana to London. She offers priceless advice on dealing with difficult office managers, unifying your staff, and translating your business mission into unforgettable client experiences.

#67: 3 Keys to Building Wealth While Working Less Mar 22, 2017

How much is an hour of your time worth? In terms of earning potential, it could be anywhere from a few hundred dollars to over a thousand. You can quantify it with a little bit of math. But salary aside, how much value can you really place on your time? Afterall, once an hour is spent, you can’t ever get it back. In this episode of Dentist Money™, Reese & Ryan explain three core principles dentists can follow to maximize their time so they can build wealth more efficiently. They also describe dentists who have mastered the art of being an “entreprofessional.”

#66: 5 Ways Dentists Can Improve Profit Margins Mar 15, 2017

Dentistry is what you do, but money is what you make. And unless you keep an eye on overhead, just making ends meet might be hard enough. In this episode of the Dentist Money™ Show, Reese Harper welcomes CPA, Andrew Schwartz who works with hundreds of dentists and understands the science of overhead distribution. He explains how much dentists should spend on staff, when you know your margins are too low, and common themes he’s observed among practices who experience large growth.

Show Notes:

Schwartz & Schwartz, P.C.

#65: How to Make Your Money Last Longer During Retirement Mar 08, 2017

Saving is only one part of the retirement equation. Whether you’ve already reached the end of your career, or are still in accumulation phase, you’ll need to know how to spend down assets in the right order to get the most out of your nest egg. In this episode of Dentist Money™, Reese & Ryan talk about which accounts to pull from in the early years of retirement, how to keep your tax rate down, distribution requirements on your 401(k), and how assets like your house and practice can be utilized to lengthen the life of your other accounts.

Show notes: Survey link: dentistadvisors.com/benchmark

#64: How Successful Dentists Track Financial Progress Mar 01, 2017

Do you know your net worth? Not just an estimate, but the actual amount? And do you know what it was last quarter? What about your personal spending? How much of your income is used to support your lifestyle every month? Unless you know the answers, your path to successful retirement will be left up to chance. In this episode of Dentist Money™, Reese and Ryan provide solutions for tracking the most important indicators of financial health. They also give instructions for participating in a short benchmark survey so you can compare your own performance to hundreds of other dentists. Click here to take the survey.

Show notes: Survey link: dentistadvisors.com/benchmark

#63: Three Misconceptions About Estate Planning Feb 22, 2017

When is it time to get an estate plan? Or, if you already have one, how often should it be reviewed? And how do the requirements of an estate plan differ if you’re a dentist? Wills, trusts, tax planning, asset protection—not the most exciting topics to bring up at family dinner. But the same people who join you at the table will be glad you planned ahead and kept them from having to track down all your assets. In this episode of Dentist Money™, Reese welcomes estate planning attorney, Andrew Howell, who explains why there’s more to estate planning than most people think. He describes what happens if you die without an estate plan, three common fallacies about estate planning, and how a properly structured estate plan will protect your wealth while you’re still living.

Show notes: www.yorkhowell.com

#62: The People Who Ruin a Dentist’s Retirement Feb 15, 2017

Did you hear about the dentist who lost his shorts in a scam? No? That’s because nobody likes to tell the world they got hosed by a con artist. But it happens—a lot. And unless you know the warning signs, you might get wrangled into the same type of deal and put your retirement on the line. In this episode of Dentist Money™, Reese and Ryan respond to a special request from a loyal listener who asked for stories of dentists who fell victim to bad advice from people they should have never trusted. They also share the warning signs to watch for so you can avoid making the same mistakes.

#61: The Hidden Costs that Delay a Dentist’s Retirement Feb 08, 2017

A few hundred here, a few thousand there. Overspending on insurance, loans, supplies, staff, benefits, and personal life may seem insignificant in the short run—a lot of dentists make enough money to cover the cost. But over the course of a career, those costs can add up to millions and downgrade the quality of what should’ve been a great retirement. In this episode of Dentist Money™, Reese and Ryan list the most common places where dentists overspend and how to make sure your hard earned money stays in your pocket.

#60: The Truth About Real Estate Ownership Feb 01, 2017

Real estate can be an excellent investment. But many dentists delay their retirement by doing the wrong deal at the wrong time. What are the biggest mistakes that dentists make with real estate? In this episode of Dentist Money™, Reese & Ryan give five examples of real estate deals that often turn good investments into massive setbacks. They also provide a list of questions to ask before purchasing your next home, practice space, or investment property.

#59: Is Now the Time to Refinance Your Loans? Jan 25, 2017

Student loans, practice loans, real estate loans. Dentists and debt go together like presidential elections and economic uncertainty. With speculation of rising interest rates, many are wondering if now is the right time to borrow money or refinance existing loans. In this episode of Dentist Money™, Reese welcomes Wells Fargo practice finance expert, Kent Murphy, who lists a number of factors to consider when shopping the lender market. He explains how low interest rates often lure people into bad loans and shares common factors dentists overlook before signing on the dotted line.

Show notes: Kenton.Murphy@wellsfargo.com practicefinance.wellsfargo.com/dentists/

#58: When is it Time to Hire a Financial Advisor? Jan 18, 2017

How do you know when it’s time to hire a financial advisor? For a lot of dentists there’s a trigger that goes off ― a shortage of cash, an investment gone bad, stagnant collections ― and they wonder if it’s time to call for help. But it’s not always clear what’s causing your pain or which professional has the right prescription. In this episode of Dentist Money™, Reese & Ryan explain when it makes sense to hire a financial advisor, and when it makes sense to look elsewhere for solutions.

#57: Is Your Permanent Life Insurance Policy Killing Your Retirement? Jan 11, 2017

There are two types of people in the world: those who have heard a sales pitch about permanent life insurance, and those who will hear a sales pitch about permanent life insurance. And the way these policies are sold ― on the premise of guaranteed returns and tax-free withdrawals ― often give investors a false sense of security. In this episode of Dentist Money™, Reese & Ryan walk through the stages of grieving that usually follow the purchase of permanent life. They also talk about the rare exceptions for justifying insurance as an investment, and how to unwind a bad policy if you already have one.

#56: What You Need to Know About Bonds. Your Bonds. Jan 04, 2017

Do you know the difference between a stock and a bond? Maybe you do. But even if you grasp the concept of fixed income versus equity, you may not realize how complex the bond market is. In this episode of Dentist Money™, Reese & Ryan describe the different types of bonds you can own, the risk levels associated with each, and how bonds can be used to lower your taxes. (And they make it through the entire show without telling a single James Bond joke).

#55: Six Keys to Powerful Investment Portfolios Dec 28, 2016

Have you ever looked at your investment statements and wondered if your returns are as good as they could be? You’ve been told cheap index funds are the most responsible way to invest, but is it really that simple? What other funds can you buy? In this episode of Dentist Money™, Reese & Ryan list six factors to consider when building your investment portfolio. They discuss tradeoffs between active and passive investing, why some index funds underperform, and how to build a portfolio with the right mix of assets.

#54: Fixing Your 401(k) the Matt Bradley Way Dec 21, 2016

If your office has a qualified retirement plan like a 401(k), chances are you’re paying fees you didn’t know existed and taking on liability you didn’t know you had. Matt Bradley and his company BenefitGuard help dentists fix their 401(k)s by lowering costs and offloading risk associated with compliance. In this Dentist Money™ interview, Matt explains where the fees are hiding, how to evaluate your existing plan, and the most common reasons employers get sued for mismanagement. He also lists the people you should have on your 401(k) team.

Show notes: matt.bradley@benefitguard.com www.benefitguard.com

#53: Everything You Need to Know About Retirement Plans Dec 14, 2016

IRA? 401(k)? Profit sharing plan? Pension? Mosts dentists know that choosing the right plan will put them on a faster track to retirement. But deciding which plan is best isn’t always straightforward. In this episode of Dentist Money™, Reese & Ryan discuss the most important factors to consider when choosing a retirement plan for you and your employees. They also describe how TPAs, advisors, fiduciaries, and custodians can help you optimize your plan and protect you from compliance violations.

#52: Lisa Knowles Presents Dentistry’s Broadway Show Dec 07, 2016

Lisa Knowles opened her dental practice in 2005… two years before the recession... in Michigan. With economic conditions stacked against her, she built a thriving practice on a model of “making things right for patients no matter what.” Driven by her passion for communication and coaching, Dr. Knowles started Intentional Dental to help other dentists grow referral pipelines using a more mindful approach to patient interaction. In this Dentist Money™ Show interview, she cites five keys to successful dentistry, offers guidance for living in the moment, and compares a dental office to a Broadway show.

Show notes: Website: http://beyond32teeth.com/ Email: intentionaldental@gmail.com

#51: Mike Abernathy on Building Wealth as Big as Texas Nov 30, 2016

Dr. Mike Abernathy, founder of Summit Practice Solutions, joins the Dentist Money™ Show from his ranch outside of Dallas where he reflects on the most valuable lessons he’s learned as a practice owner and consultant. Mike’s approach to business management and personal finance allowed him to retire ahead of schedule and become a mentor for dentists all over the United States. In this interview, he talks about the one statistic to watch in your practice, what it means to embrace consumerism, and the pitfalls that keep dentists from reaching financial freedom.

Show notes: Website: http://summitpracticesolutions.com/

#50: Collin Kartchner on How to Win Patients with Video Nov 23, 2016

Remember the personal bio you wrote for your practice website? You probably started with a paragraph about where you grew up, the schools you attended, and your involvement with dental associations. Then you added a couple lines about your family and personal hobbies, and emailed it over to your web designer. Now it sits on your website like a relic etched in stone. And in today’s content-charged world, it will never be enough to drive traffic to your business. That’s where video comes in — not just video, but great video. In this Dentist Money™ interview, Collin Kartchner of Tooth Media explains why dentists need to engage patients with better video content. He also describes the difference between videos that get results and those that harm reputations.

Show notes: Website: www.toothmedia.com Email: collin@toothmedia.com

Article about video performance versus text content: http://www.fathomdelivers.com/blog/seo/videos-seo-more-likely-to-rank/

#49: Morgan Hamon’s Tax-Reducing Battle Plan Nov 16, 2016

Morgan Hamon lives dangerously. He started his career as a fighter pilot and then became a tax accountant. The fight against taxes is real, and Morgan’s firm, HDA Accounting Group, is the first line of defense for hundreds of dentists across the country. Because he works exclusively with dentists, Morgan has a deep understanding of tax issues faced by practice owners. In this Dentist Money™ interview, he answers the most common tax questions asked by dentists, explains the tax implications of owning a building, and specifies how much you should spend on staff and overhead to maintain sufficient profitability.

Show notes: Website: www.hda-dental.com Email: morgan@hdagroupdental.com

#48: How Dr. Mark Costes Balances Business & Personal Success Nov 09, 2016

Dr. Mark Costes is founder of the Dental Success Institute, Horizon Schools of Dental Assisting, and author of Pillars of Dental Success. He runs multiple practices, speaks at dental forums around the world, and coaches over 50 practice owners to help maximize profits. In this Dentist Money™ interview, Dr. Costes talks about the bumps and bruises he’s experienced while acquiring multiple practices and expanding his entrepreneurial reach. He also offers a fresh take on work life balance, the truth about getting rich, and the personality traits that succeed in dentistry.

Show notes: Website: truedentalsuccess.com Email: horizondds@yahoo.com

#47: Website 101 with Mike Pedersen Nov 02, 2016

Is your website doing its job? Does it really drive new patients, or does it just sort of exist? Mike Pedersen, founder of The Dental Boost, helps hundreds of dentists showcase their practices with powerful websites that make it easy for visitors to find what they’re looking for. In this Dentist Money™ interview, Mike explains what it means to build your website with the user in mind, how to incorporate video content, and the best way to layout your homepage. He also describes the kinds of images you should never post on your website.

Show notes: Website: www.thedentalboost.com Email: mike@thedentalboost.com

#46: Pat Rosenzweig on the People Who Make Your Practice Oct 26, 2016

Perhaps nothing in dentistry is more important than surrounding yourself with the right people. It’s also one of the most difficult things to do. Hiring is never an exact science, firing is no picnic, and outsourcing can feel like a crapshoot. So how do you put together a winning team? In this Dentist Money™ interview, Pat Rosenzweig, co-owner of Mosaic Management Professionals, discusses the process of elevating your human capital. Drawing from her 30+ years in the industry, she explains the mindset you should cultivate within your staff, the value to place on technical versus people skills, and how to maximize each person’s contributions.

Show notes: Website: www.mosaicmanagementpro.com Email: Pat@mosaicmanagementpro.com

#45: Attorney Joseph McGregor’s Asset Protection Advice Oct 19, 2016

When Joseph McGregor was a young attorney in Cleveland, his friends in the Case Western Dental program started asking for advice about practice buy-in agreements. The questions kept coming, and before he knew it, Joseph had a side job through which he met several players in the dental industry. His experience led him to open a dental-focused law firm in 2009. (His desire to make it big led him to Texas). In this Dentist Money™ interview, Joseph highlights two of the most costly mistakes made by dentists during transition. He also offers a word of caution about the employee handbook that’s been gathering dust at the bottom of your file drawer.

#44: Chris Tayler on Improving Profits with Better Fee Schedules Oct 12, 2016

While working with his endodontist father, Chris Tayler became all too familiar with the inequities imposed by insurance companies on dentists. Seeing an opportunity to help other practice owners, Chris put his MBA and finance background to work and started a company called Cobalt Analytics, which specializes in optimizing insurance plans for dentists. In this episode of Dentist Money™, Chris explains the right way to factor insurance write-offs into profitability and how to make sure you’re getting the best rates.

Show notes:

http://www.cobaltanalytics.net/

#43: Gary Takacs Gives Six Keys to Practice Success Oct 05, 2016

Consultant, coach, practice owner, professor, founder of the Thriving Dentist Show, internationally-acclaimed speaker. Dentists around the globe refer to Gary Takacs by a number titles. We simply call him The Legend. Having worked with over 2,200 practices, perhaps no one is better qualified than Gary to motivate and mentor dentists at every career stage. In this Dentist Money™ interview, he shares a collection of stories and experiences to illustrate how the most successful dentists thrive.

Show notes: www.takacslearningcenter.com

Thriving Dentist Show with Gary Takacs: https://itunes.apple.com/us/podcast/thriving-dentist-show-gary/id488260412?mt=2

#41 Ben Tuinei Explains the Art of PPO Negotiation Sep 21, 2016

Ben Tuinei, President of Veritas Dental Resources, has worked with over 6,000 dentists across the country to negotiate fair and reasonable reimbursements from insurance carriers. Using Ben’s 7 Steps of Negotiation, dentists gain leverage against providers to get the highest fee schedules available. In this Dentist Money™ interview, he explains what it means to build an insurance profile, how to overcome payment objections, the procedures most commonly downgraded by insurance companies, and the biggest mistakes dentists make during negotiation.

Website: www.veritasdentalresources.com Contact: ben@veritasdentalresources.com 7 Steps to Negotiating Fees video: https://www.youtube.com/watch?v=Mt1R5UWTgm0

#40: Jordon Comstock’s Recurring Revenue Solution Sep 14, 2016

Jordon Comstock is founder of BoomCloud Apps, provider of in-house membership software for dental practices all over the country. Inspired by his deep knowledge of the dental industry, a passion for user interface design, and a book called The Automatic Customer, Jordon built a platform that allows practices to offer, manage, and track a variety of membership solutions for their patients. In this Dentist Money™ interview, Jordon explains how fee-for-service models can work alongside PPO plans to stabilize revenue, expand patient base, and improve retention.

#39: Dr. James Anderson’s Entrepreneurial Journey Sep 07, 2016

Dr. James Anderson wasn’t wired to follow the traditional path of dentistry. Within a year of starting a practice, he hired his first associate and caught the entrepreneurial bug (or as he calls it, “A.D.D.”). Since then, he started nine successful practices, built one of the largest dental billing companies in the nation, and even opened an arcade. In this episode of Dentist Money™, Dr. Anderson recounts important lessons he’s learned about practice expansion, managing accounts receivable, and incentivizing staff.

#38: Nancy Kagan on Keeping Staff Accountable Aug 31, 2016

If you enjoy the charming sound of a Boston accent and getting advice from one of the dental industry’s most experienced consultants, then you won’t want to miss this episode of Dentist Money™ with Nancy Kagan. Nancy was a hygienist for several years, then formed a temporary dental placement agency before managing two successful practices for over twenty-five years. In 2004, she founded Summit Dental Partners with a mission to make dental practices more efficient and successful. In this interview she talks about keeping your staff accountable, protecting yourself from embezzlement, and what it means to be an “ostrich.”

#37: Seth Dahle on Driving New Patients with Digital Media Aug 24, 2016

Social media marketing is an essential part of driving growth for a practice, but a lot of dentists struggle to understand the evolving digital landscape and how to implement a solid online strategy. In this Dentist Money™ interview, Seth Dahle of My Social Practice offers his expert advice for boosting patient counts using social media and other digital channels. He explains ways to improve your online reputation, the most common digital mistakes made by dentists, and how the best dentists get the most out of marketing.

#36: Don & Dave Mantyla on Reducing Tax Liability Aug 17, 2016

CPAs (and father-son tandem), Don & Dave Mantyla, talk all things taxes and explain the most common mistakes that put dentists at odds with Uncle Sam. They discuss the primary tax problems faced by dentists, the ramifications of making extra debt payments, when equipment write-offs make sense, and how some dentists get caught in a downward cycle of tax avoidance.

#35: Heather Colicchio’s Tips for Empowering Office Managers Aug 10, 2016

Heather Colicchio is Founder & President of the American Association of Dental Office Managers — the largest association for dental business teams in the country. In this episode of Dentist Money™, Heather shares the philosophies behind her company’s mission to strengthen dental practices by maximizing the talents of office managers. She offers considerations to make when hiring an office manager, explains the types of training you should invest in, and gives advice for empowering office managers to lead successful practices.

#34: Richard Engar on Protecting Your Wealth from Malpractice Aug 03, 2016

Reese interviews Dr. Richard Engar, former clinical dentist of ten years, and current CEO of Professional Insurance Exchange. Dr. Engar draws from decades of experience to explain how dentists can prevent unnecessary malpractice claims from putting their wealth and reputations at risk. He also offers advice for dealing with malpractice threats, describes the most common (and most expensive) types of claims, and highlights the one thing you should never do in the face of a malpractice settlement.

#33: Weston Lunsford on Numbers that Drive Practice Value Jul 27, 2016

Weston Lunsford, CEO of Dental Intel and self-diagnosed “data geek,” breaks down the numbers behind successful practices and offers a simplified solution for measuring progress. He also explains the meaning of proactive planning, four categories of money making, the impact of broken appointments, and why certain dentists struggle to reach standard benchmarks.

#32: Randon Jensen’s Guide to Successful Transitions Jul 20, 2016

Practice transitions expert, Randon Jensen of CTC Associates, stops by to discuss the most important considerations to make before buying or selling a practice. Topics include managing expectations, structuring the deal, and getting proper representation. Randon also shares a few stories to highlight the most common mistakes he’s observed in his 17 years of working in the dental industry.

#31: Attorney Jason Wood’s Counsel for Dentists Jul 13, 2016

Jason Wood is a partner at Wood & Delgado and one of the nation’s premier attorneys for dentists. Having worked with thousands of dentists, he has become an authority on practice-related transactions. In this industry expert edition of Dentist Money™, Jason describes the role of a good attorney during acquisitions and transitions, the important considerations to make when buying a practice, and the monetary implications of a DSO career path.

#30: Mike Alder on Managing Third Party Payors Jul 06, 2016

Mike Alder, CEO of Unitas Dental, joins Reese for this episode of Dentist Money™ recorded on location at WRDC in Phoenix. Mike’s firm specializes in helping dentists sustain viable topline growth through managing third party payor relationships. In this interview, he explains how to keep your rates in check, benefit from insurance company partnerships, and set your prices.

#29: What Brexit Means for Your Investment Portfolio Jun 29, 2016

Great Britain’s referendum to leave the EU triggered an historic week for financial markets and drove significant losses for some investors. There’s no shortage of speculation about “Brexit’s” long term ripple effect and the timeline for recovery. In this episode of Dentist Money™, Reese & Ryan share reaction from some of the financial industry’s top advisors and offer guidance for protecting your own portfolio against major downturns.

#28: Doug Carlsen Shares His Blueprint for Early Retirement Jun 22, 2016

Dentist Money™ welcomes financial expert, Doug Carlsen, who retired comfortably from dentistry at age 53. Dr. Carlsen is a nationally renowned speaker and has been a regular contributor for publications like Dentaltown and Dental Economics. In this episode, Reese and Doug compare notes and discuss the biggest factors that lead to financial longevity for dentists.

#27: Howard Farran Shares His Formula for Success Jun 15, 2016

In this special episode of Dentist Money™, Reese interviews industry thought-leader, Howard Farran — arguably the most influential personality in dentistry. Howard is a successful practicing dentist, MBA, CEO of dentistry’s largest media company, internationally recognized lecturer, and bestselling author. In this interview, Howard gives his candid take on the most common financial mistakes made by dentists and offers some words of advice for managing debt, improving profitability, working with consultants, and achieving work-life balance.

#26: 9 People Dentists Need to Know Jun 08, 2016

Breaking news: if you’re a dentist, you’re smart. When the rest of us sit in your chair, it’s nice to know your supercharged brain got you through all those science classes, entrance exams, and the rigors of dental school. But does that mean you should tackle every business and financial decision on your own? The most successful dentists build a team of experts to advise them regularly on matters of business and finance. In this episode of Dentist Money™, Reese & Ryan provide a list of the most important people a dentist should have on his/her advisory board.

#25: What You Need to Know About Whole Life Insurance Jun 01, 2016

Dentists are often approached by life insurance brokers to purchase life insurance as a retirement savings plan. Whole life, variable life, or universal life. What are the arguments for using these types of policies? What are the arguments against them? In this episode of Dentist Money™, Reese and Ryan provide a fresh perspective on how dentists can approach life insurance decisions with more confidence.

#24: What You Should Know About Public Markets May 25, 2016

Unless you happened to live in 18th century Western Europe, you might not understand how the modern economy was born - or even who the father was. It’s a fascinating tale of deception, greed, pirates, and a Scottish visionary who borrowed French vocabulary. Plus it provides a great foundation for understanding financial markets. In this episode of Dentist Money™, Reese & Ryan discuss the evolution of public markets and how they can work in your favor.

#23: The Truth About Gold May 18, 2016

According to a recent article in Bloomberg magazine, gold prices have rallied and investors are piling back into gold in droves. On the heels of a four-year price decline, gold seems to have regained its luster and many are enticed by the prospect of striking it rich. But do they know what’s under the surface of all the media hype? In this episode of Dentist Money™, Reese & Ryan provide some valuable nuggets of wisdom about investing in gold.

#22: Is Your Retirement Plan Built Like a Steinway Piano? May 11, 2016

What do finance and pianos have in common? Pretty much everything. As the composer of your financial future, you need the right instrument to unlock your wealth-building potential. But a lot of dentists are using models that are out of tune. In this episode of Dentist Money™, Reese & Ryan describe the sound of a well crafted retirement plan.

#21: 3 Routines that Make Dentists Millions May 04, 2016

Famous economist, Josiah Stamp said, “It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.” Although most dentists acknowledge the value of good financial planning, busy schedules keep them from addressing the essential components of wealth management. In this episode of Dentist Money™, we discuss three of the most powerful actions you can take on a monthly basis to grow your net worth.

#20: 5 Habits of Wealthy Dentists Apr 27, 2016

Making smart decisions with your money requires a certain level of sophistication. It can be difficult to understand the ins and outs of insurance coverage, investing, debt management, real estate, and practice finance. So how do some dentists make it look so easy to build wealth? In this week’s episode of Dentist Money™, Reese and Ryan reveal a few basic fundamentals followed by the most successful dentists.

#19: Will Your Personality Cost You a Better Retirement? Apr 20, 2016

According to financial expert Dave Ramsey, “Personal finance is about 80 percent behavior and only about 20 percent head knowledge.” So next time you squander your money or make a bad investment, you probably shouldn’t blame it on your decision to forego a masters in finance. We all have personality traits that make us vulnerable to poor financial decisions. In this week’s episode of Dentist Money™, Reese and Ryan explore nine personalities types common among dentists and discuss how to keep behavioral tendencies from compromising your retirement.

#18: How To Bullet Proof Yourself Against Litigation Apr 13, 2016

It comes with the territory. When you’re a successful professional, you become a prime target for litigation. But are you prepared for every unfortunate scenario that could ruin your retirement? Most dentists aren’t. In this episode of Dentist Money™, Reese and Ryan discuss the liability risks that most people don’t know about and how to protect yourself against expensive lawsuits.

#17: How Much Money Should You Keep in Your Bank Account? Apr 06, 2016

Cash is piling up. Your bank balances are getting pretty solid. Do you have more than you need? How much is too much to keep in your practice checking account? What about the size of your personal emergency fund? Should you invest it, or pay off the remainder of your debts? In this episode of Dentist Money™, Reese and Ryan discuss why having a lot of assets doesn’t always mean financial security and the amount of cash you should keep in your bank account.

#16: The Mind Games You Play With Your Money Mar 30, 2016

While you'd like to think your financial decisions are always grounded in logic, the truth is that your head can often get in the way. In many cases, what may seem like a reasonable approach to financial planning, ends up being a costly decision. In this episode of Dentist Money™ Show, Reese and Ryan discuss the most common mental biases that lead to poor financial judgment.

#15: Five Reasons the Stock Market is Your Friend Mar 23, 2016

Most investors measure success in the stock market by gains and losses. And, of course, it’s always nice to see your account balances moving in the right direction. But the benefits of financial markets go well beyond making positive returns. In this episode of Dentist Money™, Reese and Ryan explain why returns don’t tell the whole story and reveal the lesser-known reasons to invest in public markets.

#14: How Do Your Finances Compare to Other Dentists? Mar 16, 2016

As a dentist, you might have a general sense of your financial situation based on your collections, income, and retirement accounts. But have you ever wondered how your performance compares to other dentists? This episode of Dentist Money Show™ explains why it’s important to benchmark your performance against your peers, and how to make simple calculations to monitor your financial progress.

#13: Is It Time to Hire Another Dentist? Mar 09, 2016

As your practice grows you might consider hiring another dentist to help you manage your workload. Partners and associates can be a great way to multiply your efforts, but before you make the commitment, you should clearly understand what you’re getting into. This episode of the Dentist Money Show™ dives into the financial ramifications of hiring another dentist and the questions you should ask before bringing on another producer.

#12: What Should You Look For in a Financial Advisor? (Part 2) Mar 02, 2016

Finding the right financial advisor to manage your wealth is so important that the Dentist Money Show™ has dedicated two episodes to discussing the questions you should ask - and the answers you should get - when hiring an advisor. In this episode (Part 2), Reese and Ryan continue the conversation about how to identify the best advisor to help you retire faster and better.

#11: What Should You Look For in a Financial Advisor? (Part 1) Feb 24, 2016

Choosing a financial advisor is one of the most important decisions you will ever make. The person you hire to manage your wealth will be largely responsible for how well you retire. And unless you know what to look for, you may never know the difference between good and bad advice. This episode is the first in a two-part series which explains the the questions you should ask - and the answers you should expect - when hiring a potential financial advisor.

#10: Do You Have a Tax Strategy? Feb 17, 2016

People who complain about taxes can be divided into two classes: men and women. And although Uncle Sam isn’t anyone’s favorite relative, the right tax strategy could be the first step in patching things up. In this week’s episode of the Dentist Money Show™, Reese and Ryan explain how a proactive tax strategy can reduce your tax bill, and help you save for a better retirement.

#9: Did John Elway Pass on the Deal of a Lifetime? Feb 10, 2016

In 1999, after his second Super Bowl win, John Elway passed on an offer to acquire 20% of the Denver Broncos and decided to pursue a series of private business ventures instead. Seventeen years later, the outcome of his decision provides some useful insight into investment strategy. In addition to deciding whether Elway made the right call, this week’s episode of the Dentist Money Show™ discusses when it’s okay to invest in high-risk opportunities, how to know when a private investment is right for you, and how private and public investments compare in the long run.

#8: The Profitability Killer Feb 03, 2016

Are your collections going up while your bottom line stays the same? It’s frustrating to look at your impressive growth only to realize you’re no better off than you were a few years ago. But if you understand how to manage costs, you’ll have something to show for all that hard work. This episode of the Dentist Money Show™, recorded on location at the Yankee Dental Conference in Boston, covers the different kinds of practice costs and how to keep them under control.

#7: Why Debt Isn’t Always a Bad Four-Letter Word Jan 27, 2016

Do you feel pressure to pay off your student loans, practice loans, building, or mortgage? A lot of dentists are conditioned to pay off debts as soon as possible. But when managed correctly, the right amount of debt can be used to build your wealth faster and help you retire better. In this episode of the Dentist Money Show™, Reese and Ryan explain how to pay down debt and save for retirement in a balanced way.

#6: The Best Defense Against a Market Crash Jan 20, 2016

Are stock market declines keeping you up at night? Are you scared to turn on CNBC? How can your retirement fund endure another crash? In a tribute to David Bowie, Reese and Ryan discuss how to react when the market is Under Pressure and how to deal with all the Ch-ch-ch-changes.

#5: Why Your Practice is Like a Pencil Jan 13, 2016

Does the idea of paying someone else to handle things like accounting, marketing, collections, and practice management put a bad taste in our mouth? After all, you’re smart enough to do it on your own without shelling out a bunch of cash. But is the Do-It-Yourself approach really saving your bottom line? In this episode of the Dentist Money Show, we discuss the most common reasons dentists decide against outsourcing, the difference between effective and useless outsourcing, and how to get the most out of your consultants and contractors. We also follow the incredible journey of a pencil from tree to Scantron.

#4: Getting More Out of Working Less Jan 06, 2016

Have you mastered the art of balancing work and personal life? Or are you like most professionals who are leaning a little too far into the work side of things? In this episode of the Dentist Money show, we discuss why working more doesn’t always mean earning more, the importance of optimizing your time away from work, and how New Year’s resolutions became a thing.

#3: Running for Miss Universe and Other Once-In-A-Lifetime Opportunities Dec 16, 2015

Are you thinking about jumping on a “once-in-a-lifetime” opportunity? Did that corner location you’ve been drooling over just go on the market? Do you have a chance to buy shares in a rising tech start-up? In this episode, we discuss the allure of certain investments, and the questions you need to ask before putting your money on the line.

#2: Are You Falling for Investment Myths? Dec 08, 2015

Are you smart enough to beat the market? How do your odds in the stock market stack up against your odds in Vegas? Should your investment strategy change as you acquire more wealth? In this episode, we address the most common misconceptions about investing and how to avoid the traps that leave your future up to chance.

#1: Are You Spending Like a Competitive Eater? Nov 30, 2015

Do you know exactly how much you spend? How much does it vary over the course of a year? Why do you need to know with so much precision? Which expenses should you be tracking and not tracking? This episode explores how hot dogs, pizza, and root beer can help you prepare for a more comfortable retirement.

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