The Dentist Money Show | Financial Planning & Wealth Management

In this special episode of Dentist Money™, Reese interviews industry thought-leader, Howard Farran — arguably the most influential personality in dentistry. Howard is a successful practicing dentist, MBA, CEO of dentistry's largest media company, internationally recognized lecturer, and bestselling author. In this interview, Howard gives his candid take on the most common financial mistakes made by dentists and offers some words of advice for managing debt, improving profitability, working with consultants, and achieving work-life balance.

Breaking news: if you're a dentist, you're smart. When the rest of us sit in your chair, it's nice to know your supercharged brain got you through all those science classes, entrance exams, and the rigors of dental school. But does that mean you should tackle every business and financial decision on your own? The most successful dentists build a team of experts to advise them regularly on matters of business and finance. In this episode of Dentist Money™, Reese & Ryan provide a list of the most important people a dentist should have on his/her advisory board.

Dentists are often approached by life insurance brokers to purchase life insurance as a retirement savings plan. Whole life, variable life, or universal life. What are the arguments for using these types of policies? What are the arguments against them? In this episode of Dentist Money™, Reese and Ryan provide a fresh perspective on how dentists can approach life insurance decisions with more confidence.

Unless you happened to live in 18th century Western Europe, you might not understand how the modern economy was born - or even who the father was. It's a fascinating tale of deception, greed, pirates, and a Scottish visionary who borrowed French vocabulary. Plus it provides a great foundation for understanding financial markets. In this episode of Dentist Money™, Reese & Ryan discuss the evolution of public markets and how they can work in your favor.

According to a recent article in Bloomberg magazine, gold prices have rallied and investors are piling back into gold in droves. On the heels of a four-year price decline, gold seems to have regained its luster and many are enticed by the prospect of striking it rich. But do they know what's under the surface of all the media hype? In this episode of Dentist Money™, Reese & Ryan provide some valuable nuggets of wisdom about investing in gold.

What do finance and pianos have in common? Pretty much everything. As the composer of your financial future, you need the right instrument to unlock your wealth-building potential. But a lot of dentists are using models that are out of tune. In this episode of Dentist Money™, Reese & Ryan describe the sound of a well crafted retirement plan.

Famous economist, Josiah Stamp said, "It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities." Although most dentists acknowledge the value of good financial planning, busy schedules keep them from addressing the essential components of wealth management. In this episode of Dentist Money™, we discuss three of the most powerful actions you can take on a monthly basis to grow your net worth.

Making smart decisions with your money requires a certain level of sophistication. It can be difficult to understand the ins and outs of insurance coverage, investing, debt management, real estate, and practice finance. So how do some dentists make it look so easy to build wealth? In this week's episode of Dentist Money™, Reese and Ryan reveal a few basic fundamentals followed by the most successful dentists.

According to financial expert Dave Ramsey, “Personal finance is about 80 percent behavior and only about 20 percent head knowledge.” So next time you squander your money or make a bad investment, you probably shouldn’t blame it on your decision to forego a masters in finance. We all have personality traits that make us vulnerable to poor financial decisions. In this week’s episode of Dentist Money™, Reese and Ryan explore nine personalities types common among dentists and discuss how to keep behavioral tendencies from compromising your retirement.

It comes with the territory. When you're a successful professional, you become a prime target for litigation. But are you prepared for every unfortunate scenario that could ruin your retirement? Most dentists aren't. In this episode of Dentist Money™, Reese and Ryan discuss the liability risks that most people don't know about and how to protect yourself against expensive lawsuits.