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Dentist Advisors - Financial Planning and Investment Management
Join thousands of dentists who are learning how to make smart financial decisions. You’ll be entertained while getting straightforward advice about investing, retirement planning, tax reduction, insurance, debt management, and personal finance.
#583: Listener Q&R #8 - Tracking Spending, Emergency Funds, Roth vs. Traditional 401(k)
How do you track your spending? What is the best way to build an emergency fund? Which is better, Roth or Traditional 401k contributions? On this listener Q&R (Question and Response) episode of the Dentist Money Show, Matt and Ryan answer part two of the financial questions posed by attendees at the Productive Dentist Academy conference. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.
30:5120/11/2024
#582: TL;DR - How Misunderstanding Taxes Could Cost You $10K or More
TL;DR - Too Long; Didn't Read - "How Misunderstanding Taxes Could Cost You $10K or More" In our new TL;DR series episode, Jake reads his article where he explains how misunderstanding taxes can lead to costly mistakes. Jake emphasizes that it is better to make informed choices about income and expenses rather than letting tax concerns drive decisions. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.
03:5818/11/2024
#581: Two Cents 11/16 - Weekly Economic Update; Salary in Bitcoin; Global Inflation vs. Election Results
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Will, and Rabih discuss the current state of the market following a significant week of volatility. They analyze various economic indicators, including inflation rates and employment claims, and how these factors influence market sentiment. They also examine Bitcoin's dynamics, focusing on athletes who chose to receive their salaries in cryptocurrency. Finally, they discuss the influence of global inflation on recent elections in developed countries, including the United States. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors.
39:3616/11/2024
#580: “The Soul of Wealth”: Insights on Health, Happiness, & Success with Daniel Crosby
On this episode of the Dentist Money Show, Daniel Crosby, Ph.D. joins Matt to discuss his latest book The Soul of Wealth. Daniel shares his transformative journey from personal wellness struggles to developing insights on wealth and happiness. He discusses the importance of understanding one's values, the societal pressures that prioritize wealth over meaningful experiences, and the common regrets people often face at the end of their life. He introduces the PERMA model for flourishing and highlights the epidemic of isolation. Tune in to gain actionable insights on balancing health and wealth, fostering meaningful relationships, and cultivating a life rich in purpose and joy. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors
50:0913/11/2024
#579: Two Cents 11/9 - Vibe-cessions and Consumer Disconnect; Weekly Market Update Post-Election Edition
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt and Rabih analyze a term coined by finance influencers and why it has major implications on the results of the election. They also dive into the economy's reaction along with Powell's press conference about Q4 for 2024. Finally, they discuss the market's reaction to the election along with the disconnect between economic data and public sentiment on the economy. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors.
47:0509/11/2024
#578: Listener Q&R #7 - 401k Options, Managing Debt, Mortgage Payments
What is the best way to plan for the next five years with the recession we are facing? What is the best 401k option? How do I manage debt? How to reduce monthly mortgage without refinancing? On this listener Q&R (Question and Response) episode of the Dentist Money Show, Matt and Ryan answer financial questions posed by attendees at the Productive Dentist Academy conference. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.
24:0606/11/2024
#577: TL;DR - Why Credit Card Rewards Matter and How to Use Them
TL;DR - Too Long; Didn't Read - "Why Credit Card Rewards Matter and How to Use Them" In our new TL;DR series episode, Taylor reads his article where he discusses his passion for credit cards. He explains the importance of credit card rewards for maximizing financial benefits. Taylor provides tips on selecting the right rewards program and manage credit card usage. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.
06:5104/11/2024
#576: Two Cents 11/2 - Economic Indicators; New 2025 Tax Limits; The Cost of the American Dream
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Jake, and Rabih analyze October's new economic data including the jobs report, GDP growth, consumer spending, and inflation. They review the IRS' 2025 retirement plan contribution limits and tax brackets. Finally, they review a recent study that compiled a list of the financial costs associated with achieving the American dream including purchasing cars, a house, raising kids, and saving for retirement. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors.
42:1302/11/2024
#575: Navigating Dental Marketing: Insights from Pain-Free Dental Marketing
On this episode of the Dentist Money Show, Eric Hubbard and Andre Santos from Pain-Free Dental Marketing join Ryan to talk about their journey in the dental marketing industry. They discuss the challenges of marketing for dental practices, the importance of authenticity, and understanding patient needs.They review current marketing trends, how to track marketing effectiveness, and misconceptions surrounding effective marketing. Learn how you can make your practice’s marketing and patient engagement strategies more effective. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.
37:1430/10/2024
#574: Two Cents 10/26 - Election Betting; E.Coli and Diversification; The Great Wealth Transfer
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt and Rabih analyze election betting data, exploring how it reflects market sentiment and the underlying mathematical principles. Then, they discuss the implications of the recent E. coli outbreak on the fast-food industry and the importance of proper diversification in investments. Finally, they discuss the great wealth transfer and importance of open family discussions about money and financial planning. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life. See how easy payroll and benefits can be. As a dental practice owner, paying and taking care of your team can be tough—especially if you’re not using a tool like Gusto. Gusto takes the pain out of payroll, benefits, onboarding, and HR. Even better? Our listeners get 3 months free at gusto.com/dentistadvisors. That’s gusto.com/dentistadvisors.
40:0626/10/2024
#573: Money and Emotions: How feelings can shape our finances
Ninety-five percent of our decisions and behaviors are shaped unconsciously by our subconscious mind. Money is more than just numbers—it's deeply intertwined with our emotions and the decisions we make. From the tulip buying craze in the 1600s, to the recent boom in crypto and NFTs, our emotions have always been a driving force in what we buy and why. In this episode, Matt, Jake, and Ryan dive into the why of making money decisions and how our emotions can impact choices without us even being aware. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
51:2823/10/2024
#572: TL;DR - When “Plan A” Gets Carted Off the Field: Tackling the Basics of Your Emergency Fund
TL;DR - Too Long; Didn't Read - "When “Plan A” Gets Carted Off the Field: Tackling the Basics of Your Emergency Fund" In our new TL;DR series episode, Will reads his article which compares your emergency fund to a backup quarterback in a financial context. An emergency fund is a savings buffer set aside for unexpected expenses or financial crises. Will goes over three tips to maximize the usage of your emergency fund. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
04:3421/10/2024
#571: Two Cents of 10/19 - Market and Economic Overview; Update on China's Market; Potential Tax Cliff
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt and Rabih review the current status of the economy using market data including: inflation indicators, unemployment rate, stock volatility, and rate cuts. Then, they continue last week's discussion on the Chinese stock market's boom and bust and discuss the recent press conference and the Chinese market reaction. Finally, they discuss the looming tax cliff and the current policy in place versus what it could revert to. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
44:2319/10/2024
#570: Creating Impact Through Partnership: Elevation Association’s Journey In Dentistry
On this episode of the Dentist Money Show, Jared Hill and Dan Nelson, co-founders of Elevation Association join Matt and Ryan to discuss the purpose of Elevation Association and how it all started. They talk about the importance of healthy partnerships in business and dentistry, as well as the significance of leadership and communication skills. Jared Hill and Dan Nelson share their experiences of building a successful dental practice and highlight Dental Legacy Foundations dedication to providing dental care and oral hygiene education in underserved communities around the world. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
57:4816/10/2024
#569: Two Cents 10/12 - China's Stock Fluctuations; Roblox Stock Options; Google Anti-Trust Lawsuit
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Will, and Rabih start with exploring the last two weeks of volatility in the major Chinese stock index and why it hasn't impacted the global markets on a larger scale. They discuss the recent Hindenburg report on Roblox and the business ethics behind the short. Finally, they discuss the current lawsuit the DOJ is filing against Google and why it will be a long and ongoing lawsuit. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
46:0712/10/2024
#568: What You Should Expect From Your Financial Advisor
Are you considering hiring a financial advisor but unsure about what to expect? On this episode of the Dentist Money Show, Matt and Ryan break down some of the essential roles and expectations you should have for your financial advisor. They cover key qualities to look for in a financial advisor, the services they should provide, and how to establish a collaborative partnership to get the most out of the relationship. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
50:2909/10/2024
#567: Financial Planning 101: Interview with Dentist Advisors’ CEO, Matt Mulcock, CFP®
Checking back in with one of our main stage speakers from the Dentist Money Summit last June, Perrin DesPortes. Matt Mulcock, CFP® is invited to join Perrin on the Group Practice Accelerator podcast to discuss financial planning, what makes Dentist Advisors unique in the space, and share some wisdom on how you should approach financial planning. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
40:1907/10/2024
#566: Two Cents 10/5 - Election Week VIX; Shipping Delays; Student Loan Forgiveness Reboot
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Will, and Rabih start with an explanation of the VIX and volatility of the market around election year. They discuss the current labor strikes on major US ports and what the implications it has on inflation. Finally, they explain the latest news about the student loan forgiveness plan and the court's current desicions around it. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
34:5305/10/2024
#565: Your Portfolio Doesn’t Care That It’s An Election Year
Investors often wonder how presidential political outcomes will affect their portfolios. On this episode of the Dentist Money Show, Matt and Rabih dive into the common myths surrounding investing during an election year. They break down three widely believed misconceptions, explain the unpredictable nature of market reactions, and explore why political changes don't dictate long-term investment success. Whether you're feeling anxious or excited about the election, Matt and Rabih will guide you through strategies to keep your investments steady and focused on your long-term financial goals. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
39:2502/10/2024
#564: Two Cents 9/28 - Pesto; A Quiet Market; Perception's of Wealth; Roger Federer's Lessons
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Victoria, and Rabih introduce Pesto the penguin. They discuss the quiet week in the market after a period of constant noise and the broader implications of this. They explore why many Americans are feeling poor despite being financially stable. Finally, they discuss the investing lessons to learn from Roger Federer's tennis career. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
36:5328/09/2024
#563: Flow Like Water: Key Lessons Learned from "Be Water, My Friend"
On this episode of the Dentist Money Show, Matt, Will, and Victoria dive deep into Be Water, My Friend: The Teachings of Bruce Lee by Shannon Lee. Inspired by Bruce Lee’s philosophies, this book explores the transformative power of adaptability and resilience. Matt, Victoria, and Will break down the core teachings of Lee’s “be like water” mindset and discuss how these lessons can be applied to everyday life. Tune in for actionable insights that will help you cultivate flexibility, embrace change, and strengthen your personal journey through the wisdom of one of the most iconic martial artists of all time. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
44:5125/09/2024
#562: TL;DR - 5 Tax Write-offs Every Dentist Should Know About
TL;DR - Too Long; Didn't Read - "5 Tax Write-offs Every Dentist Should Know About" In our new TL;DR series episode, Victoria reads her article which explores a topic that dentists are interested in learning about: tax reduction and tax write-offs. Victoria reviews 5 tax write-offs that every dentist should know about. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
05:5823/09/2024
#561: Two Cents 9/21 - 'Recalibration' and Monetary Policy; Pricing and Inflation; CEO Deadlift ETF
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Will, and Rabih discuss the Federal Reserve's new catchword 'recalibration' in monetary policy while answering questions about unemployment rates and inflation. They explore why prices still feel high even though the inflation rate is down and the complexities of price perception. Finally, they talk about the implications of a hypothetical 'Deadlift ETF' that correlates with CEO fitness and stock market performance. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
34:5621/09/2024
#560: Tax Talk for Dentists: Avoiding Missteps and Leading with Confidence
On this episode of the Dentist Money Show, Morgan Hamon, CPA and President of HDA Accounting Group joins Ryan to discuss different leadership styles and valuable advice to help lead your team with confidence. Morgan and Ryan also dive into the financial side of running a dental practice, exploring the importance of maintaining clear boundaries between personal and business finances and fostering open communication with your CPA. They dispel common myths about taxes, discussing why taxes don’t actually break dentists and the importance of tax planning to alleviate the emotional burden around tax season. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
44:5318/09/2024
#559: Two Cents 9/14 - Labor Market; Retirement Savings; What is the Cost of Denial?
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Victoria, and Rabih discuss the upcoming Federal Reserve meeting and its potential impact on the labor market. They also explore the topic of retirement savings and the percentage of Americans who feel behind in their retirement planning. Finally, they talk about what the cost of denial is and encourage listeners to take action and address their money matters, emphasizing that the pain of avoidance is greater than the short-term discomfort of facing the problem. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
45:3714/09/2024
#558: How to Avoid the Pitfalls of Home Country Bias in Investing
Is your investment strategy too focused on your home country? It’s time to broaden your horizons. On this episode of the Dentist Money Show, Matt, Rabih, and Ryan dive into the critical importance of global diversification. They explore how home country bias can limit your portfolio's potential, leaving you exposed to unnecessary risks. Discover why investing beyond your borders is essential for achieving a truly diversified and resilient investment strategy. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
43:0311/09/2024
#557: TL;DR - Elections and Investing: Debunking Common Myths
TL;DR - Too Long; Didn't Read In our new TL;DR series episode, Matt reads his latest article which debunks myths about election years and investing. Using history as a guide, Matt provides evidence that supports a pretty mild market story. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
05:0109/09/2024
#556: Two Cents 9/7 - Analyzing Market Headlines; Unrealized Capital Gains Tax; Inheritances and Retirement
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Rabih, and Jake discuss how market headlines can be misleading, and they emphasize the importance of understanding the context and not getting caught up in the hype. With the proposal of an unrealized investment gains tax, they provide insights into the impact of the potential tax and discuss the likelihood of it being implemented. Finally, they discuss how inheritances can impact retirement planning and emphasize the importance of saving and investing independently. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
39:2107/09/2024
#555: Are You Chasing Status Or Building Wealth?
Are you striving for the high-status symbols of success, or are you focused on building lasting wealth? On this episode of the Dentist Money Show, Matt, Victoria, and Ryan discuss choices, strategies, and mindset that will help you navigate the fine line between status and wealth. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
48:1804/09/2024
#554: Two Cents 8/31 - Fed Cut in September?; NVIDIA Absurdity; Supreme Court Decision on Student Loan Relief
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt and Rabih review the current major factors impacting the economy, which include the Q2 GDP numbers and the possibility of the Federal Reserve cutting rates in September. They then discuss the continued growth of NVIDIA even in a volatile market. and how they have doubled their revenue in a year. Finally, with the recent Supreme Court ruling on the Student Loan SAVE plan, they address what the next steps for student debt relief might look like. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
43:2331/08/2024
#553: The First Financial Question We Ask Every Dentist - Part 2
Debt can evoke a range of emotions—how do you feel about yours? In this episode of the Dentist Money Show, Matt, Will, Jake, and Victoria continue discussing the money questions they ask every dentist. In part 2 of the discussion, they dive into the psychology of debt and explore how feelings and debt tolerance can influence important investment decisions. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
42:5528/08/2024
#552: TL;DR - This is Why You Should Invest
TL;DR - Too Long Didn't Read In our new TL;DR series episode, Jake reads his latest blog post which recounts a childhood memory and explores the power of long-term investing and the the stock market. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
04:3826/08/2024
#551: Two Cents 8/24 - Interest Rate Cuts; Stock Market Dips; Pumpkin Spice Lattes
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Jake, Victoria, and Rabih dive into the recent Federal Reserve symposium and what will happen next to interest rates. They review the early August stock market dip and why it's important to understand that dips are a normal occurance in the market. Finally, they discuss the release of the pumpkin spice latte and if it has any impact on the stock market. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
47:2324/08/2024
#550: Building Your Child’s College Savings Fund
College costs are rising every year. The projected cost of a four-year college degree in 2035 is estimated to be almost $500,000. Saving for your child’s college education can feel overwhelming. When is the “right time” to start saving? On this episode of the Dentist Money Show, Matt, Victoria, and Ryan review four ways to save for your child’s education. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
01:03:0821/08/2024
#549: Two Cents 8/17 - Unemployment; Wealth of Millennials; Amount of Dentists with DSOs
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Taylor, and Rabih explore the different ways to interpret unemployment metrics and the importance of job openings and the labor force. They also cite data on how millennials have more wealth than Gen X or baby boomers did at the same age. Lastly, they discuss the percentage of dentists associated with DSOs and mention that it's important to make decisions based on your own circumstances. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
34:1717/08/2024
#548: The First Financial Question We Ask Every Dentist - Part 1
When was the last time you answered the question: What about money is most important to you? This is the question we explore with every dentist when we begin working with them. Understanding a person’s values helps to prioritize the financial plans and goals they should set. On this episode, join Matt, Will, Jake, and Victoria as they explore the importance of finding financial peace over financial freedom. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
51:4714/08/2024
#547: TL;DR - 4 Factors in Planning Your Child’s Financial Future
What are the best ways for dentists to save for their child’s college education? Over the last two decades, college tuition at private and out-of-state universities has increased by about 40%. For in-state schools, tuition grew by 56% over that same time period. Assuming this trend is unlikely to stop makes it more important than ever to plan ahead for your kids’ education. And the consequences of getting it wrong are becoming more expensive. In our new TL;DR series, Victoria reads her latest article about the most common accounts dentists can use to save for their kids’ education. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
08:3712/08/2024
#546: Two Cents 8/10 - Carry Trades and the Japanese Stock Market; Dolphins and Retirement Savings; Investing in Silver
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Victoria, and Rabih discuss the crash of the Japanese stock market due to the carry trade. Then, they review a new study about how dolphins "invest and save" for rewards, and the retirement saving lessons that can be learned from dolphins. Finally, they address a client's question of whether one should own silver as an investment Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
41:2210/08/2024
#545: 4 Rules To Live Your Rich Life
What is the relationship between happiness and wealth? Research shows that a truly rich and happy life is often driven by non-monetary factors like physical health and strong relationships. On this Dentist Money Show, Matt, Ryan, and Victoria provide four rules to live a rich life: prioritize your health, invest in relationships, spend with intention, and find your why. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
51:0007/08/2024
#544: Two Cents 8/3 - Uneven Financial Sectors; Presidential Economic Power; Third Generation Financial Curse
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Victoria, and Rabih review the latest changes from the Federal Reserve and the different indicators of a potential recession. They explain how the Federal Reserve operates as an independent entity and if the President has the power to change interest rates. Finally, they discuss generational wealth and the concept of the "third generational curse", which suggests that most families lose their wealth by the third generation. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
43:4503/08/2024
#543: Gold Medal Tips for Successful Investing
The Olympics give us a chance to watch world-class athletes, whose precisely planned training programs are four years in the making, go for gold. While more long-term, the strategies used by successful investors are strikingly similar. On this Dentist Money Show, Ryan, Matt, and Victoria look at the individual traits and habits that both gold medal athletes and savvy investors share. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
53:2731/07/2024
#542: Fan Favorite - Try This if Goal Setting Isn’t Working – Episode #320
Enjoy a replay of another one of our most popular Dentist Money Show episodes. Here’s the issue with setting goals: they often tackle symptoms instead of the root problem. That doesn’t mean goal-setting is worthless, but to accomplish the things you want requires a different mindset. If you're not reaching your goals, the problem might not be you. On this episode of the Dentist Money™ Show, Ryan and Matt present a framework to help you achieve your long-term objectives. Book a free consultation with a CFP® advisor who only works with dentists.
33:2329/07/2024
#541: Two Cents 7/27 - Market Overreaction; Boomers Retiring; Southwest Changes
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt and Rabih analyze the recent market drop and attribute it to a rebalancing effect caused by tech company earnings. They talk about boomers retiring and the impact on the job market, which could lead to labor market imbalances. Finally, the conversation shifts to the recent announcement by Southwest Airlines to eliminate open seating and offer assigned seats, highlighting the need for the company to adapt to changing customer preferences and market dynamics. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
41:3627/07/2024
#540: The Summit Experience: Women's Money Circle Takeaways
Why does money evoke such deep emotions? Discover what participants in the Women's Money Circle, held at the recent Dentist Money Summit, learned about their relationship with money and why incorporating personal values into financial decisions brings clarity. On this Dentist Money Show, Matt, Victoria, Lauren, and Productive Dentist Academy’s Christine Uhen, share their experiences at the Women’s Money Circle. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
55:4524/07/2024
#539: Two Cents 7/20 - Largest IT Outage; Mindless Spending; Elections & Stock Market
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Will, and Taylor talk about the IT outage that impacted various industries and caused major disruptions worldwide. They discuss how Amazon Prime Day broke records with $14.2 billion in sales, highlighting the power of consumer spending. Finally, they talk about the misconception that the president's political party has a significant impact on the stock market. Finally, they emphasize the importance of being intentional with spending. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
33:2220/07/2024
#538: 10 Mistakes That Could Cost You $10K or More - Part 2
"Some of us learn from other people's mistakes and the rest of us have to be other people." So said Zig Zigler. While mistakes are part of being human, and it’s important to learn from your own, it is much better when you can learn from others. On this episode of the Dentist Money Show, Matt and Victoria add five more ways dentists typically lose money to complete their 10 mistakes-to-avoid list. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
48:2017/07/2024
#537: Fan Favorite - Dentistry’s Great, But Are You Running in Circles? – Episode 313
Enjoy a replay of another one of our most popular Dentist Money Show episodes. Making random decisions with your money over a long period of time can lead to disaster. How can you avoid financial catastrophe and end up exactly where you want to go? On this episode of the Dentist Money™ Show, Ryan and Matt offer three steps you can take to ensure you’re making financial progress and following the road to success. Book a free consultation with a CFP® advisor who only works with dentists.
31:5515/07/2024
#536: Two Cents 7/13 - Recession Indicators; Living Paycheck to Paycheck; Status of HSAs
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt, Jake, and Victoria explore the indicators of a recession, such as the unemployment rate and the inverted yield curve. The conversation then shifts to the changing spending habits of Americans, with more people going on vacations and complaining about living paycheck to paycheck despite their discretionary spending. Finally, they talk about HSAs and investing HSA funds for long-term growth, while also acknowledging the need to balance current healthcare costs. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
39:0913/07/2024
#535: Why You Might Regret a DSO Sale
When it comes to a DSO deal and the money that is often involved, it’s hard to be too critical. Unfortunately, many dentists are surprised by trade-offs that leave them wishing they had just turned their back on the sale. On this episode of the Dentist Money Show, Ryan and Matt take a look at the other side of DSO deals and examine why many dentists regret their decision. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
50:4110/07/2024
#534: Two Cents 7/6 - Deficit; Debt; America's Financial Health
Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
On this episode, Matt and Rabih discuss the topic of the deficit and its impact on America's financial health. They explain the difference between deficit and debt and how deficits accumulate over time to form the outstanding debt level. They also talk about the lasting economic effects of laws and acts passed by presidents, the concept of good and bad debt, and the debt-to-GDP ratio. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
42:1906/07/2024