The Dentist Money Show | Financial Planning & Wealth Management

When's the last time you gave your practice a financial x-ray? Would an expert accountant find any hidden problems? Morgan Hamon, founder of HDA Accounting Group, is Reese's guest on this episode of Dentist Money™. By focusing his firm's tax, accounting, and consulting services solely on dentists, Morgan has gathered valuable benchmarking data to measure key performance indicators of a dental practice. During this interview, he shares his thoughts on profitability improvement and overhead management. He also discusses if and when it's time to invest in more growth.

Are you ignoring the most effective shot in your financial planning arsenal? In this episode of Dentist Money™ Reese and Ryan discuss how to rethink your approach to personal spending by using the money-ball analytics behind the NBA's recent 3-point shooting revolution. And this is no boring, painful discussion about "budgeting." Reese and Ryan deliver hope-inspiring advice on how to use effective financial planning to live a more enjoyable life both now, and in the future.

More referrals, fewer no-shows and higher case acceptance? It's not too good to be true. Dr. Chris Phelps, a best-selling author and the only dentist with Cialdini Method Certified Trainer credentials, is Reese's special guest on this episode of Dentist Money™. In this show he and Reese explore six ways to positively persuade people when they're making decisions. As a practice owner, knowing these techniques can help you create a more productive office environment—and build your practice as you get more patients to say "yes" to treatment.

You've seen the headlines: "Bull Market!" Or, "A Bear is lurking!" What do these two terms really mean for your investments? It's time for another round of listener questions on this episode of Dentist Money™. Are we in a Bull market? How do you know it's a Bear market? Reese and Ryan help define these overused terms, and show how a long- or short-term investment attitude really shapes the definition. And since they're defining terms, they also discuss net worth, how it's measured, and where you might expect yours to be at different points in your career. Finally, Reese and Ryan have a few thoughts on HSA strategies—and how that medical savings opportunity can fit into your retirement planning.

Learn how to maximize profit for each patient who comes through your door. In this episode of Dentist Money™ Reese interviews Dr. Rich Madow, co-founder of The Madow Center for Dental Practice Success, host of TBSE (The Best Seminar Ever), successful author, highly-entertaining speaker, and award-winning composer. Reese and Rich offer practical solutions to many of the issues you face as a practice owner, from how to increase profits to how to ensure your team works well together. We promise a good time—and some great insight into what it takes to run a successful practice.

What do sharks, snakes, surfing, and mosquitoes have in common? In this episode of Dentist Money™ you'll find out as Reese and Ryan talk about scary things that make you worry at the expense of other things you should be more concerned about. Of course the focus is on investing and how your fears might affect your future, but there's nothing like a great analogy to get a good discussion rolling. Take a closer look at your financial fears, you may be obsessing about the wrong thing.

What's the relationship between patient volume and practice growth? In this episode of Dentist Money™ Reese interviews Dr. Bruce Baird, practicing dentist and Founder and President of the Productive Dentist Academy. If you think being more productive means increasing your speed and adding more patients, you need to hear Dr. Baird's practical advice. He's helped thousands of dentists improve their productivity—and they've done it while working fewer hours. Listen as Reese gets Dr. Baird to share his recipe for increasing collections without working yourself into the ground.

Are you struggling with the same financial challenges as other dentists? Reese recently posted a survey in a popular online dental forum asking dentists what they were most concerned about when it came to their finances. In this episode of Dentist Money™ Reese and Ryan share the results of the poll and shed light on the two most popular responses. Take a second to think about the source of your financial stress, and then listen to see if you're in good company. The results might surprise you.

In this episode of Dentist Money™ Reese interviews Dr. Chris Salierno, chief editor of Dental Economics magazine and international lecturer. You'll hear why the days of passive practice ownership are over. You'll also learn about resources that can help you think more strategically and improve your business model. Plus, Reese and Chris have fun covering a few typical dentist issues in a fast paced lightning round.

Does it make sense for you to invest like big pension fund managers? The answer may surprise you. In this episode of Dentist Money™ Reese and Ryan take a close look at how investments for large endowments are managed. You'll hear about the mix of assets in these portfolios, and you'll learn how "alternative" investments have played into their strategies. Most importantly, you'll discover if it makes sense for you to follow suit with your own investments.