The Dentist Money Show | Financial Planning & Wealth Management

In our new TL;DR series episode, Jake reads his blog post where he breaks down the three key drivers of net worth growth: saving consistently, reducing debt, and asset growth. He explains why tracking your own progress matters more than comparing yourself to others and how discipline is the foundation of long-term wealth. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
 On this episode of Dentist Money’s Two Cents, Matt and Rabih explore the potential impact of the Supreme Court on the economy and how policies can ripple through financial markets. They break down the hidden risks of holding too much cash in an investment portfolio and offer insights on why cash should be viewed as a risk factor. Finally, they talk about the shifting demographics within dentistry and the growing representation of women and greater diversity. Do you have a question you'd like us to cover on the podcast? Visit DentistAdvisors.com/podcast to submit a question or topic. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

On this episode of The Dentist Money Show, Matt and Jake unpack the real cost of car ownership. From rising car payments to the hidden impact of depreciation, they explain how cars can quietly derail your budget and financial goals. They push back on the idea that success is measured by what you drive and offer practical rules of thumb to keep your budget in check. Tune in to learn how to align your spending with your values and drive your finances in the right direction. Read Jake’s full blog post here! Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
 On this episode of Dentist Money’s Two Cents, Matt, Taylor, and Rabih talk about the stability of current economic data to the transformative power of AI on productivity and jobs. They explore the complexities of lottery winnings, investment timing, and annuity choices. And finally, they give insights on what you can and can’t control in money matters and explain how long-term strategies can help you navigate uncertainty and achieve financial peace of mind. Do you have a question you'd like us to cover on the podcast? Visit DentistAdvisors.com/podcast to submit a question or topic. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Sara Stock, an attorney and founder of Stock Legal, shares her expertise on the intricacies of dental practice management and exit strategies. She introduces the 'crawl, walk, run' approach and explains how phantom equity can ease partnerships. The discussion emphasizes the importance of cost-benefit analyses before purchases and highlights that smart exit planning can significantly enhance a practice's value. Stock also dives into the emotional challenges of selling a practice and the essential steps for a smooth transition.

In our new TL;DR series episode, Jake reads his article where he breaks down some essential steps dentists should take when preparing to sell their practice. From organizing financial statements and patient records to gathering staff documentation, lease agreements, and legal paperwork. He highlights how preparation not only streamlines the transition but also maximizes practice value. Tune in to learn how to set yourself up for a smooth and successful sale. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Political decisions are shaping interest rates, highlighting the complex link between governance and finance. Cracker Barrel's logo redesign sparks a backlash, driving down stock prices and showcasing the power of branding. Then, there's the undeniable influence of Taylor Swift—her ability to sway consumer behavior is a fascinating study of celebrity impact on markets. The hosts discuss how cultural phenomena can ripple through economic trends, making the intersection of art and finance more intriguing than ever.

On this episode of The Dentist Money Show, Dr. Tony Schicktanz joins Matt to talk about his early years in dentistry—sharing candid stories of financial missteps, mounting debt, and the stress that comes with both. From tracking every dollar to negotiating stronger contracts, Tony shares tips to help new dentists avoid costly mistakes. Whether you’re fresh out of dental school or in the first few years of your career, tune into this episode for actionable advice to build a successful dental career while keeping your finances in check. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
 On this episode of Dentist Money’s Two Cents, Matt, Cody, and Rabih discuss the key takeaways from the Jackson Hole Symposium, including Jerome Powell’s latest comments on the economy. They also explore how younger generations are redefining financial independence and retirement. And finally, they discuss the importance of setting clear financial goals, staying informed, and understanding the risks before diving into private investments. Do you have a question you'd like us to cover on the podcast? Visit DentistAdvisors.com/podcast to submit a question or topic. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Tom Whalen, a CPA with expertise in tax and accounting for dentists, joins the discussion to clear up common tax planning misconceptions. He highlights the risks of chasing deductions instead of focusing on long-term wealth and the importance of maintaining liquidity. Whalen emphasizes that many dentists overlook cash flow in favor of short-term tax savings. The conversation encourages personalized financial advice and strategic thinking to enhance overall financial health and wealth-building.