Should you use a pension or DIY investing?

Check if your dental practice qualifies for capital allowances here >>> https://www.dentistswhoinvest.com/chris-lonergan

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UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club

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Have you ever wondered why some professionals seem to effortlessly build wealth while others with identical incomes struggle financially? The answer lies not in how much money you make, but in your fundamental approach to growing and managing wealth.

This eye-opening discussion challenges conventional wisdom about career progression and financial planning. We explore the provocative concept of "retiring at 21" – not as a universal goal, but as a framework for understanding how early financial decisions compound dramatically over time. While building wealth rapidly brings advantages, we candidly discuss why acquiring money before gaining life experience can sometimes be problematic.

The conversation introduces a powerful metaphor that could transform your financial thinking: the "financial pie." Most people approach their finances assuming they must divide a fixed resource between current lifestyle and future savings. The breakthrough comes when you realize you can dramatically increase the size of your pie through strategic career development, business ownership, and intelligent investing strategies.

For healthcare professionals and especially dentists, we outline a specific roadmap to financial independence: first becoming an exceptional, high-grossing associate to generate substantial cash flow, then strategically investing in both skills and assets, and potentially leveraging that foundation to establish associate-led practices. This multi-stage approach creates both immediate income and long-term wealth.

Whether you're a student planning your career or an established professional looking to accelerate your wealth-building journey, this conversation provides a refreshingly honest look at what really works. By learning from others' experiences rather than making every financial mistake yourself, you can chart a faster, more direct course to true financial freedom.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

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