The Dentist Money™ Show

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.

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.

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.

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.

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.

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? 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.

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.

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.

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.

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 the same principles apply to dentists who strive for financial independence at an earlier age.

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.

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

#84: What Smart Dentists and UPS Drivers Have in Common

#83: 4 Questions Your Advisor Should Be Able to Answer