The Thriving Dentist Show Six Goals to Achieve Personal, Professional and Financial Satisfaction
24 snips
Apr 13, 2022 AI Snips
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Episode notes
Control Overhead for Profitability
- Control your practice overhead to no higher than 60%, ideally 50%.
- High overhead means working too hard for too little; lower overhead improves profitability and satisfaction.
Achieve Financial Independence
- Aim for financial independence by having an asset that returns your annual income without touching the principal.
- This lets you work because you want to, not because you have to.
Fund Savings Early
- Start funding your pension or savings plan early in your career, even while paying off debt.
- Early funding benefits from the time value of money, leading to better retirement savings.