Accumulating Wealth

Keeping a handle on your financial statements is essential to your business' financial plan. This means more than simply reviewing them once a quarter, as inaccurately tracking profit, losses, expenses and more all pose risks to your practice. The guys get to the point on how to leverage these tools to measure the health of your practice.

Redefining your practice vision and goals each year may sound like one more thing to add to your to-do list, but this could be the key to staying ahead of the rising tide of competition. Whether you're seeking to double revenue, increase new patients or expand, setting a concept or vision of what you want your business and career to look like in the future makes all the difference in the ability t...

You've probably heard the saying 'the stock market isn't the economy,' but how is a volatile market not a sign of a weak economy? Chartered Financial Analyst (CFA) and Tectonic Advising Manager Brad Sanders is here to address common concerns investors have due to the market turmoil. He explains the weaknesses in pockets of the economy and shares ways investors can ease fears and look toward positi...

As inflation lingers, so does the possibility of a recession. Is there a light at the end of the tunnel? Interest rate hikes can decrease inflation by making it more expensive for consumers to borrow money. Couple that with a growing economy, and rising rates can actually be a step in the right direction. The guys define the three main drivers of inflation and how to position yourself and your por...

The guys answer the number one question they've received recently from clients, "I have all this cash but I feel like I'm losing purchasing power by the day with where inflation is heading. What should I do?" There's no one-size-fits-all answer, but the guys advise on ways to preserve your purchasing power and put your personal and business money to work for the long haul.

Rising interest rates can make a big impact on your business and personal debt when you consider that a half percentage point could change the payoff date by years. So, how do you stay afloat in an inflationary environment? The guys advise on proper management on different types of debt, advancing your purchasing power during volatile times and the secret to leveraging the best inflation hedge.

The U.S. economy can be hard to predict in today's environment but understanding the Fed's history can help investors make sense of the spike in interest rates. Hunter and Judson start with the basics, dissecting the state of the market through the effects of inflation on investments in this episode.

Dr. Geoffrey Gamache quickly found his hands full when he bought his New York dental practice. When he decided it was time to invest in expanding his office space, he didn't quite know the amount of work he was undertaking. He walks through the process of expanding his practice by more than 5,000 sq. ft. and the importance of preparing yourself and your staff for the drastic change.

Getting a dental practice loan or financing new equipment can be an obstacle for dentists, but you have options. Listen in as Judson and Hunter talk through selecting a conventional or SBA loan. Ultimately, whatever option you choose can be the determining factor on the size and price of your practice.

When it comes to designing your dental practice, is it going to cost $1 million or $10 million? The interior design of your space can either make or break the aesthetics and also, sometimes, the budget. Licensed Interior Designer Melissa Sprau discusses how creating a "finish narrative" early in the process can actually help you save money in the long run.

With real estate costs skyrocketing across the country, dental practice owners need to choose whether to buy or lease their space wisely. There are caveats to consider like available cash, time horizon, demographics of the area and more. The guys walk through different scenarios to shed light on which may be right for you.

When day in and day out, your dental office is crowded with patients, staff and equipment you may be considering if it's the right time to expand your office. With over 30-years of practicing dentistry and experience in buying and selling practices, Dr. Jim Clark joins the podcast to discuss the exploration process and how to evaluate your current and future real estate needs.

In a highly competitive climate, it's hard to be an expert in all aspects of the dental practice while still possessing a clinical competitive edge. Dr. Moody Alexander joins the podcast to relive the story of letting go and putting his blinders on by trusting a dental consultant for the long haul. He advises on accepting fresh ideas without overworking yourself and most importantly, how to get yo...

There is an acute need for growth in your practice's hygiene and it's likely due to these three reasons. Registered Dental Hygienist and CEO of Inspired Hygiene's Rachel Wall joins the guys to bring her hygiene years of experience to the table to help practices break out of their comfort zone and step into success.

Recorded live from the CWA Annual Meeting, Steptoe & Johnson's Brad & Katy join the guys to set straight the important components your estate plan needs. There is nothing more important than protecting your loved ones—and the last thing they need is your estate getting stuck with heavy tax burdens or tied up in probate.

How do you know when it's time to hire a dental consultant? CEO & Founder of NextLevel Practice, Gary Kadi, joins the guys to share insights on the broken dental business model. They discuss why so many people are reluctant to hire a dental consultant and how not making the unacceptable, unacceptable could actually be the one factor holding you back from success.

Why isn't your practice moving to the next level and can a dental consultant help you get there more quickly? The guys are back this season to talk through the obstacles, hesitancy and roadblocks to hiring a dental consultant and take a poll on if the success stories outweigh the risks.

Money Manager Mike O' Keefe joins the podcast to share how to navigate the investment selection process. He elaborates on maximizing the value of your financial portfolio so you don't feel like you're missing out on investment opportunities.

It doesn't matter if you are 20, 40, 60 or 80 years old, knowing when you need the money can tell you how to invest it to get the best return.

The most influential factor in reducing taxes and increasing your post-tax spendable income is tax diversification. Tax laws and codes are ever-changing but your solution doesn't have to be.

Stocks. Bonds. Cash. What is the right mix? Leveraging asset allocation as a strategy to diversifying your investment portfolio can help protect you when the market is down and help you when it's up.

Do you need your money in five years? Ten years? Twenty years? Before you start picking stocks, you need to first determine when you need to access the funds. CWA Wealth Advisor Natalie Young talks about this and other things investors need to know in this episode.

Ryan Shinska had a calling to serve but also, a ton of dental school debt. He got creative and was able to make his dreams of providing dental care to underserved Uganda a reality.

The guys unpack the nuances of tax-savings strategies like deferring expenses, defined benefit funding, estate tax, charitable contributions and capital gains. They answer questions about what to do before year-end and what to wait on until the tax policy is finalized.

The repeal of Roth IRA conversions is looming, ending the Backdoor Roth IRA loophole many have taken advantage of for their retirement planning. With many other retirement savings provisions fluctuating, the guys make sense of what's to come and action items to consider before it's too late.