The Dentist Money Show | Financial Planning & Wealth Management

In this episode of the Dentist Money™ Show, Reese and Ryan discuss how to establish processes that can ensure you finish all of the financial planning jobs you need to do. When it comes to holistic financial planning —debt, savings, insurance, estate planning, personal spending, income growth, practice equity, retirement accounts, real estate— you can't knowledge power your way to getting everythi...

Understanding how your personality affects your choices can be difficult. In this episode of the Dentist Money™ Show, Reese and Ryan talk about what you can do to make more rational decisions. If you feel like "what am I doing with my life?" you may not be taking enough risk. If you're burnt out or scared, you may be taking too much risk. Reese and Ryan have some ideas to help you think, "Ahhh, th...

Trying to create an exceptional team—one with positive energy and enthusiasm? On this episode of the Dentist Money™ Show, Reese and Ryan discuss typical organizational dysfunctions that may be keeping your employees from working together as a unit. Can the well-oiled office of your dreams actually become reality? Reese and Ryan introduce five flaws that often sabotage teams that need to work close...

On this episode of the Dentist Money™ Show, Ryan interviews Brian Hanks, author, podcast host, and buyer advocate for dentists looking to purchase a practice. Buying a practice is a life-altering decision—and it's one you need to get right. Ryan and Brian discuss the five things that banks want to see before they'll lend. Plus, Brian throws in a secret ingredient that can give you the midas touch...

James Taylor, Clark Griswald, and Lady Luck all get a mention in this episode of the Dentist Money™ Show—although (as you might guess) the lady wins most of the attention.  Having the stars align, finding your pot-o-gold, or just plain luck can play a role in people's lives … and in their finances too. If you've wondered why—or maybe what it takes to increase your own lucky odds—Reese and Ryan tak...

On a Halloween edition of the Dentist Money™ Show, Reese and Ryan talk about some of the spooky things about finances that tend to scare people—things that might not actually be all that frightening. Then they turn their attention to the things that should really unnerve them. If you're worried about debt, down markets, and recessions, your concerns would be better placed by worrying about low pro...

A recent trip has Ryan pondering hurricanes, wild chicken, and how he spent his vacation money. And, on this episode of the Dentist Money™ Show, he and Reese talk about why, once people get used to spending, they just can't seem to cut back. Controlling your spending may be the least sexy part of financial planning, but Reese and Ryan have the secret sauce to help you increase your net worth witho...

On this episode of the Dentist Money™ Show, Reese interviews Morgan Hamon, partner with HDA Accounting Group, a dental-specific CPA firm. A new tax law was passed in 2018. Do you know how it affects your tax liability or your practice? The new tax code did sweeten some things for you, and Reese and Morgan discuss entity structures and other ways you can chip away at your tax liability under the ne...

On this episode of the Dentist Money™ Show, Reese and Ryan discuss the real role of a "financial advisor." To achieve financial health while growing your net worth, a specific set of planning items need to be completed. Today, with so many people selling financial products for a commission, the term "financial planning" can seem confusing. Reese and Ryan talk about the many jobs to be done by an a...

On the 200th episode of the Dentist Money™ Show, Reese and Ryan take a quick look at where we've been, and then take a long look forward. And some of their prognostications may startle you. How will the large number of women entering dentistry change the industry? What's the future for practice ownership? Will DSO's continue to grow at their current rate? Get the answers to these questions and muc...

Colin Carr, founder of CARR, is Reese's guest on this episode of the Dentist Money™ Show. Colin describes the "aha" moment when he knew good representation was needed to protect dentists from getting taken advantage of in real estate deals.  Plus you'll find out what to look for when buying office space, when leasing might be the best option , how to keep the upper hand when dealing with landlords...

On this episode of the Dentist Money™ Show, Reese and Ryan discuss how your perception of success might be a little misguided.  Do you wonder if the size and scale of your practice are big enough? While the stress and pressure you may be feeling are real, it might be time to step back, take a deep breath, and see the bigger picture . Learn how you can start making your own grass look greener in th...

In an episode that could be described as "everything you wanted to know about the current state of social media," Ryan interviews Blake McClellan, CEO of Implant Compare and ringleader of the Dental Influencers Alliance.  Blake explains how the future of social media is changing. It's getting more human and offering every dentist a way to tell their brand story and be heard . He also offers ways f...

Taxes annoy dentists. They bother most people, but they really seem to irritate dentists. On this episode of the Dentist Money™ Show, Reese and Ryan explain why you may need to rethink your approach if your contempt for taxes affects the way you invest. The kids are back in school, and it's a great time to get back to the basics of tax planning before the end of the year creeps up on you.

How often do you examine some of the important things in your life—your physical health, oral health ... financial health? On this episode of the Dentist Money™ Show Reese and Ryan discuss the calendar of financial treatments called Elements® that Dentist Advisors uses to perform financial checkups for dentists on a recurring schedule. It's a habit—brushing and flossing daily, seeing the dentist t...

What happens when two dental industry financial gurus get together to chat? Find out on this episode of the Dentist Money™ Show as Reese interviews Sunny Pahouja, full-time dentist and founder and moderator of the popular Dental Investment Group on Facebook.  Reese and Sunny take on a variety of topics from market volatility to how to avoid scams and finally to how to navigate the world of financi...

The markets are (once again) a bit jumpy. What to do, what to do? On this episode of the Dentist Money™ Show, Reese and Ryan get into the meat and potatoes (well steak and sweet potatoes) of what's going on as they discuss the three staples of smart investing.  Using examples of perilous economic events from the past 20 years, they offer advice on how you should react to today's negative headlines...

It's been a while since the last Q&A episode of the Dentist Money™ Show a nd there's a lot on our listener's minds. You'll get the scoop on how much typical dentists really earn. Plus, you'll want to hear the lively discussion between Reese and Ryan on when it's time to move from a Simple IRA to a 401(k).   And there's even more, like "What does it really mean to invest back in your practice?" in...

On this episode of the Dentist Money™ Show , Reese interviews Brent Andrewsen, estate planning expert at the Kirton McConkie law firm. As a practice owner with a growing net worth, you're probably aware that you should do some basic estate planning . Reese and Brent discuss why that should start early in your career.  Where do your assets go, or who will raise your kids should something unexpected...

A once-in-a-lifetime trip to Mongolia provides the backdrop for this episode of the Dentist Money™ Show as Reese shares his recent experience. He and Ryan talk about the relationship between work, family, and living a happy life.  They compare happiness scores by country and discuss findings from an 80-year long Harvard study which identifies four common traits of happy people .

From the types of jobs available, to the way we pay for stuff, and our ability to buy anything online — the money paradigm has shifted dramatically in one short generation. On this episode of the Dentist Money™ Show, Reese and Ryan share ideas for teaching your kids money management skills in the new economy.

Ryan's guest on the Dentist Money™ Show is Weston Lunsford, founder of Dental Intelligence. Weston explains how measuring real-time data improves practice performance and reveals where additional revenue can often be found. Analytics are changing everything from manufacturing to healthcare to the sports you love. The real question is can they improve your practice ? Find out as Weston and Ryan dis...

Good financial planning requires careful thought around hundreds of jobs. O n this episode of the Dentist Money™ Show, Reese and Ryan talk about which of those jobs can be accomplished by apps and/or computers, and which still require the human brain. As Dentist Advisors prepares to launch an app of its own, you'll be fascinated to hear about the multi-year development process and important insigh...

Is getting into that perfect home on your mind? O n this episode of the Dentist Money™ Show, Reese and Ryan talk about why that's such a big decision—and why it can affect your effort to build the ideal practice.   Mixing thoughts about a new home when you're focused on growing your practice can leave you in a serious quandary. Find out how doing things in the right order will result in greater pe...

O n this episode of the Dentist Money™ Show,  Reese and Ryan take on a question that many dentists often ask themselves: "Am I putting my money in the right places?"  When asset building, your money can only go into one of four places—liquid assets, retirement plans, practice growth, or real estate acquisition. Reese and Ryan offer some sage advice about how to prioritize one asset bucket over ano...