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This advice might sound too basic, but the overwhelming majority of dentists and doctors I meet with have a lot of work to do – they tend to be financially disorganized. Financial disorganization can delay many major milestones in your career and your personal financial life. You have a lot to keep up on, and....

One of the first items you need as a practicing dentist before you touch a patient is malpractice insurance.  Though it is not a fun topic to discuss it is a necessary evil in order to protect your personal and business assets.  The company we have used (personally) in the past is MedPro.  They usually....

1.) Not Tracking what you Spend. You can’t fix what you don’t measure. Tracking what you spend is key to achieving financial security and making sound decisions about building your wealth. Your expenses shouldn’t increase as your income increases over time. Instead, extra income should be put toward retirement, debt, investments or if you are....

When you look back at previous generations of dentists, you usually find many stories of dentists paying their way through dental school.  They would work summer jobs and maybe part-time jobs during the school year and are able to start a practice right out of dental school.  Those days are long gone.  I don’t think....

I recently was asked to share our families prospective, of our journey of life after dental school and how to choose between corporate dentistry, private practice, or ownership/buyout.  I think most soon to be dentists find the glamour of owning their own practice to be the end goal/dream.  As with anything, patience is a virtue....

Public Service Loan Forgiveness is a topic that brings about various emotions.  For the ones that are going through the grueling 10 year process (120 payments) feelings of anxiety, and worry often top the list.  Who can blame them, the PSLF program is understaffed and very unorganized and I mean it is a mess…just like....

Determining the true value of a dental practice is an art and science involving various practical considerations.  This is really not much different than that of financial planning, mixing art plus evidence based science. One would be hard-pressedto find a subject more confusing than that of dental practice valuation.  Written appraisal reports include a standard....

Welcome to the most hated economy market cycle in U.S history.  One day the market is up and everything is fine and then the Fed comes in with some unnecessary commentary spooking the economy. Basic economic principles indicate that when the economy goes into a recessionary environment consumers or in this case patients turn from....

Over the years, finance companies tied to local car dealers have become more financial savvy.  Years ago (I am talking like before 2000), leasing a car could be a better alternative to buying a car outright depending on what the car was going to be valued 3 years from now.  However, those days are long....

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