The Dentist Money Show | Financial Planning & Wealth Management

Think back to the moment you decided to become a practice owner. What were your hopes and dreams? Did you have visions of freedom, financial upside, and personal fulfillment? Is it playing out like you thought, or has the vision become slightly blurred? In this episode of Dentist Money™, Reese & Ryan describe what it means to live the dream of practice ownership. They discuss common reasons dentists get discouraged along the way, and provide three important keys to building a profitable practice while maintaining work life balance.

How does brainpower impact your investment outcomes? Do smart people have the edge when it comes to recognizing the most lucrative opportunities? In this episode of Dentist Money™, Reese & Ryan highlight a major private equity fund that lost everything despite participation from some of the world’s most respected organizations. They also glean three critical lessons every investor should apply.

A bet is a bet whether you realize you’re making it or not. Are you letting your future ride on risky propositions that could be avoided altogether? In this episode of Dentist Money™, Reese & Ryan discuss the most common ways dentists allow luck to determine their financial outcomes. They also share advice for building a plan that doesn’t bank on hitting it big.

Have you ever jumped on an investment bandwagon that went south? As a successful dentist you’re a prime target for opportunistic dealers who don’t mind risking other people’s money. In this episode of Dentist Money™, Reese and Ryan explain the difference between legitimate investments and potential money pits. They also list the warning signs of dangerous advice so you can avoid it altogether.

Is your financial plan ready to go the distance? Have you eliminated all the distractions so you can focus on the fundamentals that drive better results? In this episode of Dentist Money™, Reese and Ryan break down three habits followed by the world’s greatest athletes and describe how the same principles apply to dentists who strive for financial independence at an earlier age.

Pledge allegiance to the flag, support the troops, and cheer for your favorite Olympian. There’s nothing wrong with a little home country pride. But how does love for your country affect your investments? In this episode of Dentist Money™, Reese & Ryan compare Americans, Canadians, and Australians to illustrate how home country bias can influence investment decisions.

Would you be happy if your investment portfolio earned average market returns? Is that enough to secure a comfortable retirement? In this episode of Dentist Money™, Reese and Ryan discuss four important habits followed by effective investors, how to set proper expectations for portfolio growth, and a new way to measure the value of a good advisor.

The world’s greatest inventors, most accomplished musicians, and best athletes often attribute their success to persistence. It’s the same trait that pushed you through dental school and keeps your practice moving forward. But what does it mean to have a persistent financial plan? In this episode of Dentist Money™, Reese and Ryan explore four steps to developing persistence and how each one translates to long term financial success.   Show notes: dentistadvisors.com/tt

What can brown do for you? In the early 2000s, UPS unveiled a new way to navigate its routes. The idea seemed too simple to be effective, but it drastically improved productivity and saved the company millions of dollars. In this episode of Dentist Money™, Reese & Ryan compare the attributes of a well-run shipping company to those of a good financial plan and explain what it means to have an efficient investment portfolio.

What is the role of a good advisor? It depends who you ask, which is part of the problem with the financial industry—there’s no real consensus. In this episode of Dentist Money™, Reese & Ryan explore the spectrum of services offered within financial planning and how some advisors fall short of expectations. They also explain the difference between performance-based and advice-based planning.