On this episode of Dentist Money™ Reese and Ryan reveal what it takes to get on, and then stay on, your optimal path for wealth creation. There’s one critical word that both Steve Jobs and Warren Buffett said will give you powerful decision-making confidence. In today’s competitive climate, you need to know how to make pivotal career and investment decisions with clarity.

To learn how successful entrepreneurs eliminate wealth-building distractions:

The “Controversial Opinion Alert” sign is up and flashing for Reese and Ryan’s discussion on this episode of Dentist Money™. Everyone knows there’s a place for life insurance in estate planning - but is there really a “secret sauce” that makes life insurance a more powerful choice to borrow against than other equity building assets? Clever marketing messages from the life insurance industry say there are. Tune in to hear what Reese and Ryan have to say.

To find out which one of your assets is the best to borrow against:

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.”

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.

Are you creating a network of experts to help you build a successful practice? According to the Dental Amigos, Robert Montgomery and Dr. Paul Goodman, “Dentistry can be a lonely profession without good friends.” In this fast-paced episode of Dentist Money™, Reese, Robert, and Paul cover everything from servicing student debt to DSO’s to startup vs acquisition. And you’ll want to hear The Dental Amigos explain why networking is so critical to today’s successful practice. Plus, Reese pulls out a Dentist Money™ favorite—the Lightning Round.

Reese and Ryan knock out another round of questions on this Q&A episode of Dentist Money™. Hear their advice on what to look for in companies that provide after-tax investment services. And, in the always a “hot topic” category, you’ll hear them discuss the trade offs between paying down debt versus building liquidity. Plus, there’s a new wrinkle in this episode as Reese and Ryan pull quotes from a social media discussion on the same topic—so you’ll hear how other dentists view the debt and liquidity conversation.

Are you getting through to your staff? Learn communication skills that deliver rapid results. Katherine Eitel Belt is CEO of LionSpeak, a communications coaching company, and she is Reese’s guest on this episode of the Dentist Money™ Show. An international keynote speaker, author and coach, Katherine is known for her non-traditional approach to leadership and team building. Listen as she shares her unique viewpoint — one that can help you become a better leader and get you on the same page with your staff and patients. More importantly, you’ll find out how Katherine’s suggestions can help you put your business on a solid growth path.