The Dentist Money Show | Financial Planning & Wealth Management

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 i...

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...

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 jump...

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 M...

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...

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? Base...

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...

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 stra...

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, y...

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....

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 s...

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...

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 a...

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...

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 cor...

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 CO...

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, e...

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 specifi...

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...

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...

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...

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 ho...

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...

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 max...

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, s...