On this episode of the Dentist Money™ Show, Ryan and Matt look into one of the biggest financial decisions you’ll make in your career: should you own your practice location? It’s not easy to make the distinction between your practice and the office that houses it, but this is a business decision first and foremost. Ryan and Matt review the reasons why you should study your options carefully—there are times ownership is the right choice and other times it may be a costly blunder.

On this episode of the Dentist Money™ Show, Ryan talks with Dr. Richard Low of Shared Practices about the mistakes that can threaten the hard work that goes into practice ownership. Ownership remains an ultimate goal in dentistry but costly blunders can be discouraging. From too casually considering your ownership options—scratch start, single-doctor practice, multi-doctor practice—to delaying your jump into ownership for too long, Ryan and Richard cover typical mistakes that every owner should know about.

On this episode of the Dentist Money™ Show Ryan and Matt examine the difference between taxable income your CPA reports and the gross cash flow your CFP® needs to know. Determining how much money stays in your pocket is key to saving effectively, paying down debt, or buying that boat you’ve dreamed about. For financial planning purposes, Ryan and Matt go over the formula for how much you actually make. To do any future planning, it’s important that you get the math right. Register for CE Credit Here: https://dentistadvisors.com/dms-ce-276

As a dentist, you’re one of the highest income earners in the country. As you build your net worth, you want to get the best financial advice possible. So who is the right person to give you that advice—someone who understands your level of wealth because they have it like you do? Or can you expect to get solid financial advice from someone who doesn’t have a high income? On this episode of the Dentist Money™ Show Ryan and Matt talk about high-income clients and high-income advisors. Where should you look for advice? It’s a discussion that reveals the broad scope of advice that’s available in the world of financial advisors.

From start-up to cosmetic dentistry to a highly specialized niche, Dr. Michelle Jorgensen’s 20-year career has taken a fascinating trajectory. To celebrate Dentist Day 2021, Ryan interviews a practicing dentist on this episode of the Dentist Money™ Show. A toxic bout with mercury poisoning put Dr. Jorgensen on an unusual path where she has been the dentist doing the dentistry, she has helped other people do the dentistry, and now is managing others who do the dentistry at her health-based practice. Dentistry is full of unexplored opportunities, find out how one dentist went from almost selling her practice in despair to having DSO’s knocking on her door.

On this episode of the Dentist Money™ Show, Ryan interviews Glenn Vo, founder of Nifty Thrifty Dentists. If “it takes a community to raise a child,” the need for community could easily be applied to building a practice. Running your own small business is difficult—so where do you turn for solutions? Glenn Vo, king of the discount deal and practicing dentist, explains why establishing relationships with other experienced dentists is so important to finding practice success.

We don’t spend much time getting educated about finances when we’re young, and then suddenly we have to start managing money and making wise choices. So, we tend to blunder through money decisions as we gain experience. On this episode of the Dentist Money™ Show, Ryan and Matt examine some of their missteps which helped form the financial opinions they believe today. Did the stress of learning about money management when you were young bias how you think about investing? Or did they result in good habits? Experience is the best teacher and Ryan and Matt offer some compelling advice to their younger selves that you can use today.

On this episode of the Dentist Money™ Show, Ryan welcomes special guest Curtis Marshall of Dental Intelligence. As master of all things data, Dental Intel is well-known for helping practices follow a daily roadmap to reach greater long-term success. Almost every practice can find a way to tweak its performance and create greater profits. The trick is to know where to look. Ryan and Curtis examine four areas within every practice where additional profits can be found.

When faced with the painstaking process required for thorough analysis the temptation is to cut corners and just “go with your gut.” It’s a temptation often fed by successful “followed my heart” stories. Intuition may have its place, but when it comes to investing, going through a more rational process has been shown to create better outcomes. On this episode of the Dentist Money™ Show, Ryan and Matt discuss the outside factors that can influence what you may believe is “pure” intuition—and those outside factors make your intuitive responses anything but “pure.”

For the normal investor, what has been happening on Wall Street lately is a head-scratcher. Hedge funds, financial justice, short squeeze, and of course GameStop have been front-page news. So what’s going on? On this episode of the Dentist Money™ Show, Ryan and Matt examine why the price of GameStop has risen so dramatically. There are many reasons for the recent market madness and Ryan and Matt discuss what can be learned whenever speculation on Wall Street hits the news. Scoring on a long-shot may be thrilling, but Ryan and Matt explain why there are numerous reasons your investment philosophy should be anchored to value investing.