Brews and Tiny Teeth, The Unfiltered Pediatric Dentistry Podcast cover image

Brews and Tiny Teeth, The Unfiltered Pediatric Dentistry Podcast

10 Financial Mistakes Pediatric Dentists Make, with Wes Lyon

Jul 19, 2022
01:06:45

Wes Lyon is a CPA, CFP, and CEO of McGill and Lyon Dental Advisors. His company, McGill and Hill Group, publishes the McGill Advisory, which is a monthly newsletter to dentists updating the latest events and tips for financial planning, investing, taxes, and practice ownership topics. I became familiar with this newsletter at the office of my previous employer, and based on recommendations of some older and wiser pediatric dentists, I recently subscribed. I personally have found it very helpful as a practice owner to have monthly updates about what's going on in the stock market, tax updates, practice management and retirement planning strategies.  

I would definitely recommend to my listeners who own practices or are considering buying or starting a practice to subscribe to the newsletter.  Wes has offered our podcast listeners a 10% discount using the code PEDIATRIC10. He also has offered a FREE trial membership for pediatric residents who are interested in receiving the newsletter. Click the link to subscribe or learn more: https://www.mcgillhillgroup.com/Advisory/Current

Wes joins us to talk about 10 financial mistakes that he sees dentists commonly make. We review this list below in detail.

1. Improper insurance
2. Not having a budget
3. Saving in the wrong place
4. Poor debt management
5. Concentrating on salary
6. Paying excessive taxes
7. Being house poor
8. One house/one spouse
9. Not taking advantage of HSAs
10. Trying to be a financial expert

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