The Dentist Money Show | Financial Planning & Wealth Management

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.

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.

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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?

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.

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.

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.

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?

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.

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.

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.