The Dentist Money Show | Financial Planning & Wealth Management

On this episode of Dentist Money™, Reese interviews Davis Smith, CEO, and Founder of Cotopaxi, one of the world's fastest-growing outdoor gear brands. Davis shares his experiences and advice on what it takes to build a fulfilling and profitable business - and how to improve your hiring process. Plus, you'll hear how to set clear core business values, which can unite your team and cultivate a more productive office culture. To find greater practice success, view your business through the eyes of an acclaimed entrepreneur. Find out what it takes to create a value-oriented and unified team.

Learn how to take your decision making beyond pros and cons. You hear it at the beginning of every show: "We help dentists make smart financial decisions." In this episode of Dentist Money, Reese and Ryan (with a shout out to Benjamin Franklin), dive into the decision-making process. You'll learn how a combination of information, well-defined processes, and personal accountability lead to more confidence and better outcomes. Plus, you'll hear them discuss if and when it makes sense to trust your personal instincts.

Individual stocks, do they have a place inside your investment portfolio? What's on the mind of the Dentist Money™ Show listeners? You're about to find out! With tax season around the corner, discover how to best utilize pre-tax savings accounts like 401(k)'s and IRAs vs after-tax options like Roth IRAs. Listen as Reese and Ryan talk about individual stocks and where they might fit in your overall approach to investing--and what growth strategy will actually have the biggest effect on your net worth. It might surprise you.

Reese's guest on this Dentist Money™ Show is Jonathan VanHorn, owner of DentistMetrics, a national CPA and accounting firm that helps dentists reduce their tax burden. With 2018 almost in the books, taxes may be on your mind. On this episode, Reese and Jonathan talk about the best money-saving uses of the Section 179 tax code when it comes to equipment depreciation. It's a timely discussion that includes why trying to move into a lower tax bracket can be significant. Get ready for some year-end planning ideas, and a conversation that should interest every dentist.

The actual cost of market timing could be higher than you're willing to pay. On this episode of Dentist Money™, Reese and Ryan discuss the difference between thinking you're in control—and actually being in control. They examine, how acting on that impulse can lead to poor financial performance and the emotional cost of market timing. They tie it all together with some suggestions on how to rethink your approach to market fluctuations and why a long-term, globally-diversified approach to managing your portfolio helps eliminate the risk of emotional investing. Are you ready to dive into the actual cost of market timing?

Dr. Justin Short, founder and creator of "The Lifestyle Practice," and co-author of the new book "The Titans of Dentistry: How the Top Performers Think and Act Differently," is Reese's guest on this episode of Dentist Money™. Reese and Justin discuss the top traits and skills it takes to move into the top 10% of dentists - and Justin shares the good, bad, and ugly moments that shaped his career path and led him to both personal and professional success.

One simple formula can bring your entire financial picture into focus. Do you know what it is? On this episode of Dentist Money™, Reese and Ryan discuss an English Friar, the Principle of Parsimony, why Reese hates peacocks—and why tracking your net worth is a critical part of understanding your financial health. They break down the net worth formula and explain the pace at which yours should grow. It's a back-to-basics conversation to help you spend your energy on the fundamentals that matter most.

On this episode of Dentist Money™, Reese and Ryan discuss how dentists can successfully position practices to "know what they are not" - and how to avoid becoming a "drive-by" dental practice. Plus, they discuss ways to build a thriving team, celebrate success with patients and - and why dentists could learn a thing or two from the Foo Fighters.

On this episode of Dentist Money™, Reese interviews Dave Monahan, CEO of Kleer. Dave offers his expert take on why uninsured patients are avoiding the dentist because they overestimate the cost of treatment, and how implementing subscription pricing can help overcome that concern. Plus, you'll hear some surprising statistics on dental insurers' profit margin, and why cutting them out—when you can—will increase your bottom line.

You need financial advice, but how can you judge whether you're getting real value from your "advisor?" In this episode of Dentist Money™ Reese and Ryan discuss how financial planning services are still in their infancy, and why so many advisors misuse the word "planning." They also discuss the building blocks of a comprehensive plan. And, since financial planning isn't a term either of them care for, you'll finally hear why every Dentist Advisors podcast opens with "helping dentists make smart financial decisions."