The Dentist Money Show | Financial Planning & Wealth Management

Should you pay down debt or invest? The sum of student loans, practice loans, equipment loans, and real estate loans can seem insurmountable for a dentist. So what’s the right pace to chip away at them? In this episode of Dentist Money™, Reese & Ryan explain how managing debt the right way can help you build wealth much faster. They also discuss the way debt should be viewed at different phases of a dentist’s career.

What’s with all the Bitcoin hype? Is it here to stay? More importantly, is it a viable investment option? In this episode of Dentist Money™, Reese and Ryan explain the origin of Bitcoin and its emergence in the market over the past few years. They examine the sophisticated “cryptocurrency” trading platform, highlight pros and cons of owning Bitcoin, and share stories of investors who bought in (for better or worse).

Are you taking the right amount of risk with your money? Do you know how much life insurance you need? What about disability? Liability? Policy selection requires more than looking at your budget and deciding how much you can afford. In this episode of Dentist Money™, Reese and Ryan explain how much coverage you should carry and how the amount can change during your career. They also discuss two elements of a dentist’s risk profile that aren’t covered by insurance.

Have you ever thought about investing in a startup? If you haven’t already, someday you’ll be approached to fund the next big thing. And maybe it’s the next Amazon.com. But before you hand over your cash, you’ll want to understand exactly what you’re getting into. In this episode of Dentist Money™, Reese & Ryan walk through the steps of startup investing and provide a list of factors every dentist should consider before jumping in.

There’s no such thing as a stupid question. In some cases it might just be the wrong question. And it’s not uncommon for dentists to ask the wrong question about financial markets. In this episode of Dentist Money™, Reese and Ryan explain one fundamental principle of markets a lot of dentists seem to misunderstand. They also explain what a market is by comparing investments to more familiar products we buy in our everyday lives.

Have you ever made a big change to your business or financial plan out of frustration? When cash was tight, the market was down, or collections were stagnant, did you allow short term thinking to get in the way of long term goals? In this episode of Dentist Money™, Reese & Ryan identify three classic examples of big sweeping changes dentists make that often come back to bite them. They also offer guidance for choosing less expensive and more effective alternatives.

What’s the best way to pay your financial advisor? How does fee structure affect performance? In this episode of Dentist Money™, Reese & Ryan explore the pros and cons of five compensation models and the outcomes you can expect from each one. They also describe the fee structure used by DentistAdvisors.com to align clients’ best interest with advisor incentives.

When is the last time you took a hard look at your spending habits? Do you wonder how your current lifestyle choices will affect your ability to retire comfortably? In this episode of Dentist Money™, Reese and Ryan discuss why it’s so easy for dentists to overspend. They also provide valuable reminders to avoid the most common traps that send your personal budget into a tailspin.

What if you looked at your investment portfolio the same way you looked at your practice? Would it change the way you approached financial markets? In this episode of Dentist Money™, Reese and Ryan explain how the same principles used to build your practice can be applied to capture more value with your investment portfolio.

What does it mean to have financial health? Is it a thriving practice, plenty of income, or an abundant lifestyle? In this episode of Dentist Money™, Reese and Ryan approach the World Health Organization’s definition of health from a wealth-building perspective, and explore the meaning of financial fitness. They also discuss common decisions dentists wait too long to resolve, and offer advice for overcoming economic atrophy.