The Dentist Money Show | Financial Planning & Wealth Management

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.

As your career unfolds, the need for the right retirement plan for that part of your career changes. There is a right time to be in an IRA, a Simple IRA, and a 401(k). Knowing when to switch from one to the next can result in far greater net worth accumulation. On this episode of the Dentist Money™ Show, Ryan and Matt examine the pros and cons of Simple IRAs and 401(k)s. Which retirement plan is right for your dental practice is a timing question. Ryan and Matt are right on time with the answers.

Warren Buffett is considered a superstar investor and he is probably the most well-known name in the investment world. Worth billions, it's a distinction he surely deserves. On this episode of the Dentist Money™ Show, Ryan and Matt reveal a surprising secret to Buffett's success—and it's a secret you can start duplicating right now. Numerous books have been written about the fundamentals Buffett follows on his way to creating a fortune. But this ingredient to that success is often overlooked.

Dentists looking for financial guidance often think they know what they need when it comes to advice. On this episode of the Dentist Money™ Show, Ryan and Matt talk about four fundamentals dentists tend to overlook—but are the things they really need to hear. The rudimentary basics for good financial planning start with these financial pillars. Building real wealth begins by establishing a solid foundation for your long-term financial plan, and that foundation should be based on these four financial principles. Register for CE Credit Here: https://dentistadvisors.com/dms-ce-266

On this episode of the Dentist Money™ Show, Ryan & Matt take on New Year's resolutions providing two powerful tips that can help you reach your yearly financial goals. As January 1st rolls past, millions of people have set resolutions which tend to fail very quickly. How can you make goals, especially financial goals, and feel like you're really making progress towards meeting them by year's end? Ryan and Matt have some behavior-altering ideas that you need to hear as you start the new year.