Shows
Dentists, Puns, and MoneyDecoding The New SALT Deduction Under OBBBAIn this episode, host Shawn Terrell discusses the SALT deduction within the One Big Beautiful Bill. Listen for insights into how the OBBBA impacts dentists planning their financial future post-clinical practice.---------------------------------Episode Resource:https://tr.ee/zIM4M4 ----------------------------------Meet with Dentist Exit Planning Advisor:Schedule Discovery Meeting-----------------------------------About Dentist Exit Planning:Website: dentistexit.comFacebook Group for DentistsYouTubeInstagramLinkedInSign-Up for Dentist Exit Email N...
2025-12-2908 minDentists, Puns, and MoneyUnderstanding the $6,000 Tax Deduction in the OBBBAIn this episode, host Shawn Terrell delves into the One Big Beautiful Bill Act and its implications for those over 65. It highlights the $6,000 tax deduction available via OBBBA to individuals 65 and older, the implications for Social Security taxation, and the potential for strategic tax planning.--------------------------------Chapters00:00:00 Introduction to the One Big Beautiful Bill Act00:01:42 Exploring the Tax Deduction for Seniors00:03:16 Understanding the $6,000 Deduction00:04:41 Phasing Out and Expiry of the Deduction00:06:15 Strategic Tax Planning and Conclusion---------------------------------Episode Resource:https://tr...
2025-12-1508 minDentists, Puns, and MoneyOBBBA: Above or Below the Line on Taxes?In this episode, host Shawn Terrell discusses the complexities of financial language, particularly the terms 'above the line' and 'below the line' in tax contexts, and how they relate to dental professionals. He explains the impact of the One Big Beautiful Bill Act on these terms and offers insights into deductions and tax strategies for dentists.--------------------------------Chapters00:00:00 Introduction to Financial Language00:00:00 Above vs Below the Line Explained00:00:00 Impact of the One Big Beautiful Bill Act00:00:00 New Deductions and Tax Strategies00:00:00 Conclusion and Resources---------------------------------
2025-12-0110 minDentists, Puns, and MoneyRevising With An AmalgamIn this episode, host Shawn Terrell discusses the inspiration behind the podcast's new direction, drawing parallels to the movie "Almost Famous" and introducing the fictional character Dr. Bill. Shawn outlines the podcast's focus on deep dives into retirement planning topics for dentists, starting with the "One Big Beautiful Bill Act" of 2025.--------------------------------Chapters00:00:00 Introduction and Podcast Direction00:00:00 Introducing Dr. Bill00:00:00 The One Big Beautiful Bill Act00:00:00 Tax Implications and Financial Decisions00:00:00 Conclusion and Resources---------------------------------Episode Resource:https://tr...
2025-11-1712 minDentists, Puns, and MoneyHow Much Do You Care About Money?In this episode, host Shawn Terrell shares personal anecdotes about prioritizing life experiences over mundane tasks like lawn care, drawing parallels to how dentists should approach their financial futures. The conversation emphasizes the need for a strategic approach to retirement planning, including income strategies, tax optimization, and intentional legacy planning. Shawn also believes that not all dentists will need to stress about their finances in their post clinical lives.--------------------------------Chapters00:00 Introduction to Life After Dentistry06:11 Deciding How Much to Care About Money---------------------------------
2025-05-1908 minDentists, Puns, and MoneyUpdate on My Roth IRA Conversion – Analysis After Tax FilingIn this episode, Shawn Terrell provides updates on his own Roth IRA conversion, which was previously discussed on Podcast Episode 95, released in January of 2025.In this update episode, Shawn dicusses what he learned about his Roth conversion when filing his 2024 taxes and analyzes his decision to execute this tax planning strategy. He reflects on the federal and state tax implications, the importance of accurate tax reporting, and strategies to avoid underpayment penalties. He shares insights on planning for tax conversions and emphasizes the long-term benefits of converting to a Roth IRA, despite some u...
2025-05-0515 minDentists, Puns, and MoneyThoughts on Recent Market Volatility for Retiring DentistsIn this episode of Dentists, Puns and Money, host Shawn Terrell discusses the recent market volatility and its implications for dentists nearing retirement. Shawn emphasizes the importance of acknowledging anxiety about financial losses, understanding the cyclical nature of the market, and having a solid financial plan in place. He also highlights the need to look for opportunities during market dips and advises listeners to limit exposure to anxiety-inducing news and social media.Chapters00:00 Introduction to Market Volatility02:51 Understanding Market Fluctuations05:28 Planning for Financial Security08:40 Navigating News and Anxiety
2025-04-2110 minDentists, Puns, and MoneyDon't Get Out of ShapeIn this episode of Dentists, Puns, and Money, host Shawn Terrell discusses the multifaceted aspects of retirement beyond financial planning. He emphasizes the importance of maintaining physical health, staying updated with technology, nurturing friendships, and finding purpose in life after clinical practice. Through personal anecdotes and insights, Shawn highlights how these elements contribute to a fulfilling retirement experience.------------------------------Dentist Exit Planning:Website: dentistexit.comEmail Shawn at: shawn@dentistexit.comSchedule a Discovery MeetingSign-Up for Dentist Exit Email Newsletter
2025-04-0711 minDentists, Puns, and MoneyWhat's Changed in 100 Episodes?In this 100th episode of the podcast, host Shawn Terrell reflects on the evolution of 'Dentists, Puns and Money' since its inception during the pandemic. He discusses changes in format, frequency, and personal experiences, particularly regarding health challenges. Shawn emphasizes the importance of recognizing both changes and constants in life, especially for dentists planning their future after clinical practice. He encourages listeners to contemplate what truly matters in their financial and personal lives as they transition into retirement.------------------------------Dentist Exit Planning:Website: dentistexit.comEmail...
2025-03-2410 minDentists, Puns, and MoneyWhat's On Your Billboard?In this episode, Shawn Terrell discusses the importance of living a fulfilling life beyond the confines of dentistry. He introduces the concept of a 'billboard question' inspired by Tim Ferriss, encouraging listeners to reflect on their life philosophies. TakeawaysYou will die someday. Make decisions about how you live your life based on this reality.Consider what your future self in making decisions. Actions should align with what you say is important to you.------------------------------Dentist Exit Planning:Website: dentistexit.comEmail Shawn at: shawn@dentistexit.com
2025-03-1010 minDentists, Puns, and MoneyExpect the Unexpected After ClinicalSummaryIn this episode of Dentists, Puns, and Money, host Shawn Terrell discusses the unexpected challenges faced by dental practice owners and the importance of financial planning for life after clinical dentistry. He shares a story of a practice owner who experienced a series of unfortunate events, emphasizing the need to expect the unexpected. TakeawaysWhen bad things happen, they often happen in succession.Having options for cash flow during market dips is crucial.Unexpected expenses can arise during retirement planning.-----------------------------Resources from Episode ------------------------------
2025-02-2409 minDentists, Puns, and MoneyDon't Forget Your Buns at Tax TimeSummaryIn this episode of Dentists, Puns and Money, host Shawn Terrell discusses the importance of tax preparation for dentists, sharing personal anecdotes and practical tips. He emphasizes the significance of a tax filing checklist to avoid common mistakes and ensure all necessary documents are accounted for.TakeawaysThe importance of having a financial treatment plan for life after dentistry.A tax filing checklist can help avoid missing important documents.Mistakes on tax returns can lead to complications later.-----------------------------Resources from Episode ------------------------------D...
2025-02-1010 minDentists, Puns, and MoneyTechnology for Baby Boomers in RetirementIn this episode of 'Dentists, Puns and Money', host Shawn Terrell uses a popular internet meme from a few years back to explore challenges older clients sometimes have with navigating technology. This could be a growing issue as more and more Baby Boomers enter retirement and are charged with using newer technology to handle the financial piece of their post-clinical life. Shawn emphasizes the importance of human interaction and support in navigating these technological hurdles and seeks feedback from the audience on potential solutions.TakeawaysOlder clients sometimes struggle with technology, impacting their financial management.A...
2025-01-2714 minDentists, Puns, and MoneyMy Roth IRA Conversion - What I LearnedIn this episode, Shawn Terrell discusses the importance of being your own best client or patient, and how that relates to his own personal financial situation. He shares his experience with his own Roth IRA conversions and what he learned about timing and strategy in tax planning. As tax laws change after 2025, he provides insights on how to navigate these changes effectively to optimize tax savings.TakeawaysRoth IRA conversions can be beneficial during low tax periods.Break up large conversions to manage tax implications better.Unexpected income can complicate tax planning strategies.Micro engagements in t...
2025-01-1314 minDentists, Puns, and MoneyFinancial Planning Updates Inspired by South ParkIn this episode, Shawn Terrell discusses essential financial planning strategies for dentists in 2025, focusing on key numbers that will impact retirement savings and tax planning. He highlights the importance of understanding catch-up contributions, especially for those nearing retirement, and provides resources for listeners to access updated financial information.--------------------------TakeawaysImportant financial numbers go up every year.Catch-up contribution for 2025 between age 50-59 is $7,500.The maximum qualified plan total deferral is $34,750 for ages 60 to 63.Tax deferred accounts can be crucial for late-stage dentists.The Secure Act 2.0 introduced new catch-up limits starting in 2025...
2024-12-3007 minDentists, Puns, and MoneyFour Money Considerations for 2024 Year-EndIn this episode of Dentists, Puns, and Money, host Shawn Terrell discusses essential financial considerations for dentists as they approach the end of 2024. He emphasizes the importance of planning for taxes, including converting to a Roth IRA, understanding required minimum distributions, and utilizing tax loss harvesting strategies. Shawn also highlights the significance of being aware of income thresholds that could affect tax brackets and offers a downloadable checklist for listeners to help them stay organized during the busy holiday season.--------------------------TakeawaysConsider converting some portion of tax deferred accounts to Roth IRAs before...
2024-12-1611 minDentists, Puns, and Money3 Money Lessons From a Near-Death ExperienceIn this episode, Shawn Terrell shares valuable money lessons learned from his near-death experience and strokes in 2023. He emphasizes the importance of organization, accessibility of important documents, and the necessity of disability insurance. Through personal anecdotes and practical advice, he encourages listeners to take proactive steps in managing their finances and preparing for unforeseen circumstances.-------------------------------TakeawaysGet organized with your finances and important documents.Complete your estate planning documents as soon as possible.Store important documents in an easily accessible location.Consider digital assets and ensure someone can access them.Disability insurance is...
2024-12-0211 minDentists, Puns, and MoneyReflections on Life After a Near-Death ExperienceSummaryIn this episode, Shawn Terrell reflects on his near-death experience and shares profound life lessons learned from it. He discusses the importance of balancing work and life, the inevitability of health changes, and the significance of relationships during tough times. Shawn emphasizes the need to enjoy life in the present rather than waiting for retirement and highlights how unexpected challenges can reshape our perspectives.--------------------------------TakeawaysPeople spend too much of their lives focused on work.It's important to enjoy life while you're in the middle of it....
2024-11-1811 minDentists, Puns, and MoneyAnother Stroke - But BiggerSummaryIn this episode, Shawn Terrell shares his harrowing experience of suffering a second stroke in June 2023. He recounts the moments leading up to the stroke, the struggle to call for help, and the emergency response that ultimately saved his life. After a thrombectomy procedure, he reflects on his recovery journey and the support from his family and healthcare professionals. Shawn emphasizes the importance of awareness and quick action in medical emergencies, and he invites listeners to share their thoughts on future topics for the podcast.TakeawaysThe realization of having a stroke...
2024-11-0413 minDentists, Puns, and MoneyStroke Surprise at Age 45SummaryIn this episode, Shawn Terrell shares his personal health journey, detailing the alarming onset of double vision that led to a series of medical evaluations and ultimately a diagnosis of arterial dissection following a small stroke. He recounts the emotional and physical challenges faced during his hospital transfers, the diagnostic process, and the subsequent treatment plan that emphasized recovery through time. Shawn reflects on the experience, highlighting the importance of awareness and timely medical intervention.Sound Bites"I started experiencing double-vision.""I had a small stroke, which sort of blew me...
2024-10-2108 minDentists, Puns, and MoneyReturn From Health Hiatus - Podcast Update From ShawnSummaryIn this episode of 'Dentists, Puns and Money', host Shawn Terrell returns after a long hiatus due to health issues, specifically two strokes he experienced in June 2023. He discusses his recovery journey and outlines the new format of the podcast, which will focus on solo episodes and the intersection of life and financial planning for dentists. Shawn emphasizes the importance of sharing his personal health story as part of his narrative moving forward, aiming to connect with listeners on a deeper level.TakeawaysShawn Terrell returns to podcasting after a year-long break.
2024-10-0706 min
Dentists, Puns, and MoneyPracticing as an Associate in "Retirement," with Dr. Jeff PriluckIn this episode Dentists, Puns, & Money, we visit with Dr. Jeff Priluck.Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years. He's continued to practice part-time because he loves clinical dentistry. Learn more about his transition into semi-retirement in this episode. Among the topics Dr. Jeff and Shawn discuss: What Dr. Jeff learned during his transition from full-time owner dentist to part-time asso...
2024-04-2428 min
Dentists, Puns, and MoneyThe Legal Side of Selling your Dental Practice, with Robert Montgomery IIIIn this episode Dentists, Puns, & Money, we visit with Robert Montgomery III, Esquire.Robert is an attorney with a specialty focus on the legal and business needs of dentists.In 1997, Rob founded Your Dental Lawyer, a boutique law firm based in Philadelphia, and he's been working with dentists ever since. Among the topics Robert and Shawn discuss: The legal considerations for a dentist selling their practice, including the exit paths most commonly taken.The legal documents necessary for a practice transition.How practice real estate factors into the deal. Rob has...
2024-03-2737 min
Dentists, Puns, and Money13 Things to Know about HSA'sHealth Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies.But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategiesIn this episode Dentists, Puns, & Money, Shawn Terrell shares the 13 Things You Might Not Know About Health Savings Accounts.Listen to learn more about: How to calculate your maximum annual contribution to your HSA, based on your health insurance plan and your age. W...
2024-02-2818 min
Dentists, Puns, and MoneyIdeal Timing for Dental Practice Valuations, with Tom HemmenHemmen and Associates helps dentists extract maximum value and cash flow from their dental practices. The owner and president of the dental brokerage, Tom Hemmen, is the guest on this episode of Dentists, Puns, & Money. Listen to learn more about: How far in advance of a dental practice sale should a valuation be completed.The benefit of updated dental practice valuations during growth years. The benefit of a letter of direction to put a practice on the market quickly in the event of a den...
2024-01-3119 min
Dentists, Puns, and MoneyTax-Saving Strategies with Required Minimum DistributionsIt's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years.That's often a wise strategy to lower a dentist's lifetime tax bill.But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age.If a dentist wants to play the long-term tax game to the best of their ability, it's critical they develop a strategy for RMD's well before they become mandated.In...
2024-01-0316 min
Dentists, Puns, and MoneyFAQ'S About RMD'sDentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years.That's often a wise strategy to lower a dentist's lifetime tax bill.But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age.If a dentist wants to play the long-term tax game to the best of their ability, it's critical they understand all the rules associated with RMD's.In this episode...
2023-12-0619 min
Dentists, Puns, and MoneyWhat is Direct Indexing?In this episode Dentists, Puns, & Money, we discuss Direct Indexing as an investment strategy. Please note: This episode was originally released on March 15th. 2023.Many dentists are familiar with the strategy of buying index funds, or indirectly investing in an index. But directly investing in an index is a little different. We’ll cover three things in this episode: What’s are the differences between indirectly investing in an index vs. directly investing in an index, fundamentally? What are the benefits of directly investing in an index vs...
2023-11-1515 min
Dentists, Puns, and MoneyFinding Total Dental Freedom when Exiting Clinical, with Dr. Brady FrankDr. Brady Frank suffered a wrist injury when he was a D3 in dental school. It put his clinical dentistry career in jeopardy. So he focused on the business side of being a dentist, and quickly learned how to buy, build, and scale dental practices. Dr. Brady continues to be involved with Dental Service Organizations today, and he joins us to discuss the pros and cons of DSO's on the latest episode of Dentists, Puns, & Money. Listen to learn more about: The big differences between a corp...
2023-10-2532 min
Dentists, Puns, and MoneyThe Value of Mentorship in a Practice Transition, with Dr. Tom ReedDr. Tom Reed is the first to admit he had the wrong mindset when he hired his first associate dentist. But now that he's spent 20-plus years as a private dental practice owner, he has a different perspective.In this episode of Dentists, Puns, & Money, Dr. Reed shares what he's learned about mentorship, and why he believes it's a critical piece of the long-term future of dentistry. Listen to learn more about: The benefits of mentorship in dentistry for both mentor and mentee.The mentorship system he...
2023-09-2732 min
Dentists, Puns, and MoneyHow Real Estate Affects your Practice Sale, with Colin CarrColin Carr launched his commercial real estate company after seeing the same issue over and over... healthcare professionals getting "manhandled" on deals for their practice space by shady landlords. Carr Healthcare Realty now represents dentists and dental practice tenants and buyers (and other healthcare professionals) all over the United States. In this episode of Dentists, Puns, & Money, Colin shares what he's learned during his two decades working in healthcare commercial real estate. Listen to learn more about: How dentists can negotiate their lease renewals for lower monthly paym...
2023-08-3037 min
Dentists, Puns, and MoneyThree Big Financial Pieces for Exiting Clinical, with Ken KaufmanWhat are the big financial pieces for a dentist to organize as they transition out of clinical practice?That’s a question Shawn Terrell was asked by Ken Kaufman (and answered) as a guest on DEO's Growth Secrets Podcast.This episode of Dentists, Puns, & Money is a replay of Shawn's guest appearance on the DEO podcast, which was originally recorded and released in February 2023. The podcast is hosted by Ken Kaufman, who has more than two decades of experience in the dental professional as an author, speaker and as a chi...
2023-08-1637 min
Dentists, Puns, and MoneyPhasing Out of Clinical Dentistry, with Dr. Alan SternDr. Alan Stern is a practicing owner dentist and the founder of a coaching business called Better, Richer, Stronger.After 42 years in practice, Dr. Stern is in the process of transitioning from clinical to coaching other dentists.Through his program, Alan works with dentists who want to create a workplace that is productive & profitable and a life that is rewarding and meaningful. In fact, Alan wrote the book, Enjoy the Ride for those who want to get out from the day to day grind and take charge of their roadmap...
2023-08-0232 min
Dentists, Puns, and MoneyFinancial Planning for Dentists, with Dr. Grace YumHow should a dentist know if and when to seek professional help with their money?That’s a question Shawn Terrell was asked by Dr. Grace Yum as a guest on the Mommy Dentists in Business Podcast.This episode of Dentists, Puns, & Money is a replay of Shawn's guest appearance on the MDIB Podcast, which was originally recorded in the summer of 2022.Dr. Yum started as a pediatric dentist in Chicago, but has since relocated to California, where she’s currently growing her Mommy Dentists in Business empire.D...
2023-07-1941 min
Dentists, Puns, and MoneyYoga is "Old School" Personal Development for Dentists, with Dr. Shivani Kamodia BartoDr. Shivani Kamodia Barto is a general dentist, yoga teacher, and wellness coach.Dr. Kamodia Barto put her clinical career on hold not long after dental school. She's using the clinical pause to build a separate business as a wellness coach and yoga instructor. Dr. Kamodia Barto has over ten years and 600 hours of experience teaching yoga asana, facilitating personal-development workshops, hosting wellness retreats, and lecturing on the science of well-being. She completed her 200-hour yoga teacher training in 2012 and graduated from the University of Michigan School of Dentistry in 2018.Dr...
2023-07-0537 min
Dentists, Puns, and MoneyFinancial Secrets to Grow Dental Organizations, with Ken KaufmanKen Kaufman is a sought-after speaker and thought-leader in the dental industry. Ken recently wrote his first book "Financial Secrets to Grow Dental Organizations," and he shares the key takeaways from the book in this interview.He's worked as a CFO and President in several dental organizations over the last 20 years. In that time, he's learned the keys for dentists to grow and scale their practices from one to multiple locations. Ken put all those secrets on paper when he co-wrote his first book, "Financial Secrets to Grow Dental Organizations," which...
2023-06-2132 min
Social Tee PodcastS1, E20: The Bear (eps. 1-2); Terrell & Jen's Drunken NightSend us a textJoin Terrell, Saleia, Jen, Shawn & Mike as they discuss episodes 1-2 of The Bear; and Terrell & Jen reminisce about a drunken night.Thank You for listening! Follow us on Instagram @socialteepodcast.
2023-06-1448 min
Dentists, Puns, and MoneyTax-Saving Strategies with Required Minimum DistributionsIt's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years.That's often a wise strategy to lower a dentist's lifetime tax bill.But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age.If a dentist wants to play the long-term tax game to the best of their ability, it's critical they develop a strategy for RMD's well before they become mandated.In...
2023-06-0716 min
Dentists, Puns, and MoneyThe Healthy Dentist is a Wealthy Dentist, with Drs. Karen Tindall & Laura SchwindtDr. Karen Tindall and Dr. Laura Schwindt combine their love of people, transformations, and dentistry together in their partnership of The Mint Door. They share their story and how they help other dentists in this episode.Drs. Tindall and Schwindt believe the well-being of dentists and their team members is the key to a successful practice and, more importantly, a happy life.That's why both left clinical practice several years ago to pursue a different calling… providing total well-being programs and coaching for other dentists and their teams. ...
2023-05-2430 min
Dentists, Puns, and MoneyFrequently Asked Questions About Required Minimum DistributionsDentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years. That's often a wise strategy to lower a dentist's lifetime tax bill. But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age. If a dentist wants to play the long-term tax game to the best of their ability, it's critical they understand all the rules associated with RMD's. In this episode...
2023-05-1019 min
Dentists, Puns, and MoneyWhy your Practice Exit Strategy Should Include a Marketing Plan, with Grace RizzaHow should you think about marketing your dental practice if considering a sale in the next 3-5 years? Grace Rizza, CEO of Identity Dental Marketing discusses that topic in this episode. Grace is the CEO and founder of Identity Dental Marketing. She's guided the growth of more than 1,500 dental practices since founding her company in 2009. Among the topics Grace and Shawn discuss: Why new patient flow matters when it comes time to sell. Branding advice for a dentist practice owner planning to sell in the next 1-5 years. How to mar...
2023-04-2625 min
Dentists, Puns, and Money13 Things You Might Not Know About Health Savings AccountsHealth Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies. But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategiesIn this episode Dentists, Puns, & Money, Shawn Terrell shares the 13 Things You Might Not Know About Health Savings Accounts.Listen to learn more about: How to calculate your maximum annual contribution to your HSA, based on your health insurance plan and your age. W...
2023-04-1218 min
Dentists, Puns, and MoneySelling a Practice and Working as an Associate in "Retirement," with Dr. Jeff PriluckIn this episode Dentists, Puns, & Money, we visit with Dr. Jeff Priluck.Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years. He's continued to practice part-time because he loves clinical dentistry. Learn more about his transition into semi-retirement in this episode. Among the topics Dr. Jeff and Shawn discuss: What Dr. Jeff learned during his transition from full-time owner dentist to part-time asso...
2023-03-2928 min
The Mint Door PodcastDentist Exit Planning with Shawn TerrellDentist Exit Planning with Shawn TerrellPlease welcome Shawn Terrell, a multi-talented financial advisor, podcaster, author, and speaker. With a passion for helping dentists navigate their financial journey, Shawn founded Dentist Exit Planning, a firm dedicated to providing comprehensive financial planning for dentists. He is also the host of the popular podcast, “Dentists, Puns, and Money,” where he shares stories of dentists exiting clinical practice and the critical financial strategies involved. Shawn's expertise on the topic has also led to the publication of his book, The Professional Practice Trap, which addresses the challenges face...
2023-03-2527 min
Dentists, Puns, and MoneyDirect Indexing as an Investment StrategyIn this episode Dentists, Puns, & Money, we discuss Direct Indexing as an investment strategy. Many dentists are familiar with the strategy of buying index funds, or indirectly investing in an index. But directly investing in an index is a little different. We’ll cover three things in this episode: What’s are the differences between indirectly investing in an index vs. directly investing in an index, fundamentally? What are the benefits of directly investing in an index vs. indirectly investing in an index by buying an index fund? Wh...
2023-03-1515 min
Dentists, Puns, and MoneyLegal Considerations of Selling your Dental Practice, with Robert Montgomery IIIIn this episode Dentists, Puns, & Money, we visit with Robert Montgomery III, Esquire.Robert is an attorney with a specialty focus on the legal and business needs of dentists. In 1997, Rob founded Your Dental Lawyer, a boutique law firm based in Philadelphia, and he's been working with dentists ever since. Among the topics Robert and Shawn discuss: The legal considerations for a dentist selling their practice, including the exit paths most commonly taken.The legal documents necessary for a practice transition.How practice real estate factors into the deal. Rob has...
2023-03-0137 min
Dentists, Puns, and MoneyTax Deductions Still Available for 2022Few things are more confusing than the IRS tax code. The various deadlines associated with tax filing season are no different.Even though the calendar has flipped to 2023, many deductions are still potentially available for dentists to reduce their 2022 taxable income. In this episode Dentists, Puns, & Money, Shawn Terrell shares (as of February 2023) which deductions remain available for tax year 2022, and which deductions are no longer available. Listen to learn more about: The difference in the deadlines to complete Roth IRA conversions vs. Roth IRA contributions for tax...
2023-02-1515 min
Dentists, Puns, and MoneyYoga for Dentists, with Dr. Josie DovidioIn this episode Dentists, Puns, & Money, we talk with Dr. Josie Dovidio.Dr. Dovidio is a long-time dentist, registered yoga teacher and certified wellness consultant who left clinical dentistry mid-career due to stress and burnout. Despite healthy living and a commitment to exercise and yoga, mismanaged stress coupled with the musculoskeletal imbalances inherent in dentistry began to impact her quality of everyday life. After selling her practice, she used yoga to heal her body and mind. Dr. Dovidio now teaches yoga to other dentists to help combat the physical and mental rigors of pr...
2023-02-0135 min
Dentists, Puns, and MoneyTop Ten Take-Aways from Secure Act 2.0The Secure Act 2.0 retirement bill, passed into law on December 23rd, 2022, includes many changes to retirement planning, investment planning, and tax planning. In this episode Dentists, Puns, & Money, Shawn Terrell shares his Top Ten Takeaways for dentists related to Secure 2.0.Learn more about: Changes to the age at which Required Minimum Distributions are necessary from retirement accounts. Increases in the amount of "catch-up" contributions those 50 and older can make to their employer retirement plan Changes for unused funds in 529 plan accounts. As a reminder, you can get all th...
2023-01-1820 min
Dentists, Puns, and MoneyThe Stress-Free Dentist, with Dr. Eric BlockIn this episode Dentists, Puns, & Money, we talk with Dr. Eric Block. He's a full-time practicing dentist in Acton, Massachusetts. Dr. Block struggled with anxiety, stress, and burnout early in his clinical career. He eventually sought therapy, and while it took years, Dr. Eric now loves going to work each day. To highlight his experience and help other dentists, Dr. Block wrote The Stress-Free Dentist: Overcome burnout and start loving dentistry again."In 2020, he created DealsforDentists.com. It's mission is to help dentists find and buy supplies at the discounted price often found...
2023-01-0426 min
Dentists, Puns, and MoneyHow to Deal with Dental Burnout, with Dr. Laura BrennerIn this episode Dentists, Puns, & Money, we talk with Dr. Laura Brenner. Dr. Brenner left clinical dentistry due to burnout after practicing for ten years. In the process, she started a "side gig" as a blogger. One of her blogs, "10 Reasons your Dentist Probably Hates You Too" went viral overnight. And that led Dr. Laura down a new path: working with and coaching burned-out dentists all over the world. Dr. Laura is the owner of Lolabees Career Coaching, and she's a certified professional coach. She's also a dental industry...
2022-12-2133 min
Dentists, Puns, and MoneyWhat are the Four Tax Buckets?In this episode Dentists, Puns, & Money, we're again discussing income taxes and tax diversification. We dive into the four ways dentists' income will be taxed, and examples of the action that can be taken for dentists to lower their lifetime tax bill. What is tax diversification? How can dentists and dental practice owners think about this topic as they contemplate their exit from clinical dentistry? Not all income is created equally in the eyes of the IRS. So if you are a dentist motivated to pay the least...
2022-12-0717 min
Dentists, Puns, and MoneyReaching $1 Million in Annual Take-Home Pay, with Dr. Scott LeuneIn this episode Dentists, Puns, & Money, we talk with Dr. Scott Leune.Dr. Leune suffered a back injury early in his clinical career. It left him in and out of a wheelchair, and forced him to pivot to a CEO role within his dental practices. That experience also taught him how to grow and scale multiple dental practices quickly. Dr. Leune now helps other dentists looking to start, grow, and scale their practices by hosting multiple Breakaway Seminars each year. He also co-founded Dental Whale, which is a Dental Group Purchasing...
2022-11-2338 min
Dentists, Puns, and MoneySix Reasons Dentists Should Consider Roth ConversionsIn this episode Dentists, Puns, & Money, we talk Roth IRA conversions for dentists.Roth IRA conversions are a great strategy for dentists looking to reduce their lifetime tax bill owed to the IRS. What are the 6 reasons why dentists should consider Roth IRA conversions? Why does it make sense for dentists to initiate Roth conversions prior to 2026, if possible?In the conversation, we also touch on: Why the upcoming expiration of the Tax Cuts and Jobs Act mattersRequired Minimum DistributionsTaxation of Soc...
2022-11-0918 minDentists, Puns, and MoneyHow to Get Employee Retention Credit (ERC) for your Dental Practice, with Catherine TindallIn this episode Dentists, Puns, & Money, we talk with Catherine Tindall. Catherine a CPA specializing in tax credits. With a niche focus on the Employee Retention Credit, she helps eligible businesses and dental practices all over the country assess and receive ERC funds. After getting her start in advanced tax planning and compliance, Catherine saw a real need to better serve the tax credit niche, especially related to the Employee Retention Credit (ERC).With millions of dollars at stake, many businesses weren’t receiving what they were entitled to because of inaction from the...
2022-10-2638 minDentists, Puns, and MoneyHow to Get Publicity for your Dental Practice, with Larissa BantingIn this episode Dentists, Puns, & Money, we talk with Larissa Banting. Larissa is an accredited publicist and the owner of El Bee PR. Larrissa explains the power of publicity for a dentist, especially in the local media. Larissa explains why publicity is so valuable for dental practices and outlines some simple steps for dentists to get more of it.We discuss how, even in the age of social media, a dentist can position themselves for appearances on local television, radio, and in newspaper articles. And why that type of publicity is much more e...
2022-10-1238 minDentists, Puns, and MoneyHow to Start, Acquire, and Grow a Practice, with Michael DinsioIn this episode Dentists, Puns, & Money, we talk with Michael Dinsio.Michael is a dental practice consultant, podcast host, and the founder of Next Level Consultants. Over the last decade, he's helped over 500 dentists start, buy, and grow their practices. After several years working with dentists in the banking and lending industry, he started Next Level Consultants. Next Level Consultants is unique in that it provides guidance for dentists who are starting practices from scratch as well as dentists that are acquiring an existing practice. In addition, Michael and his team continue to wo...
2022-09-2832 minDentists, Puns, and MoneyMommy Dentists in Business, with Dr. Grace YumIn this episode Dentists, Puns, & Money, we talk with Dr. Grace Yum.Dr. Yum is a pediatric dentist, practice owner, entrepreneur, and mother. She's the founder and CEO of Mommy Dentists in Business, an organization that connects mother dentists around the world. In 2017, Dr. Yum started a Facebook group called "Mommy Dentists in Business." Its purpose is to have a community where other mother dentists can share the challenges of balancing motherhood with being a clinic dentist and often, a dental practice owner. But what started out as an informal social media group...
2022-09-1437 minDentists, Puns, and MoneyTop Ten Estate Planning Takeaways, with Shawn TerrellIn this episode Dentists, Puns, & Money, Shawn discusses his recent experience completing his family's estate planning and legal documents. The process of completing estate planning and legal documents can be challenging, which is why many dentists delay. In this episode, host Shawn Terrell shares his Top Ten Takeaways from recently completing his own estate documents. In his work as a financial advisor, Shawn finds that most dentists have loose ends as it relates to their personal and dental practice legal documents. Having recently completed his own estate documents, Shawn shares his ex...
2022-08-3116 minDentists, Puns, and MoneyHow to Deal with Dental Insurance, with Dr. Travis CampbellIn this episode Dentists, Puns, & Money, we talk with Dr. Travis Campbell, otherwise known as "The Dental Insurance Guy." Dr. Campbell's early years as an owner dentist were plagued by frustration in dealing with dental insurance companies. Further, he had a hard time finding good resources on improving the dental claims submission process. So he poured himself into understanding dental insurance, and how to receive higher collections in a less time-consuming manner.Dr. Campbell took what he learned and wrote Understanding Dental Insurance, a textbook to help other dentists and their staffs improve t...
2022-08-1742 minDentists, Puns, and MoneyUsing Virtual Assistants in your Dental Practice, with Dr. Steven Kupferman of MedVAIn this episode Dentists, Puns, & Money, we talk with Dr. Steven Kupferman. Dr. Kupferman is an Oral and Maxillofacial surgeon in Los Angeles, California. And he’s also the founder and CEO of MedVA, which has pioneered the use of virtual assistants in dental and medical practices. MedVA was born out of an increasing staffing problem Dr. Kupferman experienced in his own practice, LACOMS. The practice was founded by Dr. Kupferman in 2009, and as he scaled it from one employee to 35, his biggest stressor eventually became finding and hiring qualified staff membe...
2022-08-0332 minDentists, Puns, and MoneyInjecting Fun into the Dental Continuing Education Industry, with Elijah DesmondOur guest is this episode of Dentists, Puns, & Money is Elijah Desmond, otherwise known as DJ Smiles. Elijah Desmond is a dental hygienist turned serial entrepreneur. He has revolutionized the dental continuing education industry by creating Smiles at Sea, The Dental Festival, and by traveling to other dental CE events in his Moto-Vation tour bus. We dive into the story and purpose behind all three endeavors in our conversation. Plus, we also discuss how Elijah's company Driven Dental Marketing works with dentists and dental practices on big implant cases. A...
2022-07-2027 minDentists, Puns, and MoneyThe Good, Bad, and Ugly about Online Reviews, with Dr. Len TauOur guest in this episode of Dentists, Puns, & Money is Dr. Len Tau. Dr. Tau is many things... dentist, speaker, podcaster, author, and an expert in reputation marketing for dental practices In our conversation, we focus on his latest book: 100+ Tips for Getting 100 Five Star Reviews in 100 Days. Dr. Len and I dive into why online reviews are critical for a dental practice, how to prompt patients to leave google reviews, and what a dentist should do with a bad review. As a reminder, you can get all t...
2022-07-0629 minDentists, Puns, and MoneyIncreasing New Patient Flow by Improving Digital Marketing, with Chris Pistorius of Kickstart Dental MarketingOur guest in this episode Dentists, Puns, & Money is Chris Pistorius. Chris is the founder of Kickstart Dental Marketing, a marketing firm that works with dental practices across the United States to attract new patients and increase new patient flow using digital marketing. Chris and I talk about how dental digital marketing has dramatically evolved in the last decade or so. We also discuss what dentists can do now to attract new patients, including an often over-looked solution, and what Chris thinks about the implementation of video into a marketing campaign. ...
2022-06-2228 minDentists, Puns, and MoneyWorking to Solve the Biggest Problem in Dentistry, with Dr. Paul GoodmanOur guest is this episode of Dentists, Puns, & Money is Dr. Paul Goodman, otherwise known as Dr. Nacho. Dr. Paul Goodman is a dentist, speaker, and dental practice broker. Dr. Paul is a dentist partner partner of a group practice in Mercer County, New Jersey.He's also the founder of the Dental Nachos Facebook group and Dentist Job Connect. The latter is dedicated to helping dentists find their first job and helping practice owners find associates. We cover a number of topics in our conversation, including Dr. Nacho’s latest venture, Denti...
2022-06-0826 minDentists, Puns, and MoneyDeveloping a Kids' Toothpaste Brand and a Teledentistry Service, with Dr. Sean WhalenWelcome to Dentists, Puns, & Money! My guest on today’s show is Dr. Sean Whalen. Dr. Sean is a pediatric dentist and owner at Children’s Dentistry in Westminster, Colorado. Dr. Sean is a busy guy. In addition to practice, he’s helped develop and launch Smiyl, a xylitol toothpaste for kids. And Dr. Sean is also the dental director for teledentistry.com, which provides virtual care for dental emergencies across the country. As a reminder, you can get all the information discussed in today’s conversation...
2022-05-2535 minDentists, Puns, and MoneyLessons Learned from Buying a "Fixer-Upper" Practice, with Dr. Ginger BratzelWelcome to Dentists, Puns and Money! Today we talk with Dr. Ginger Bratzel, a dentist turned advocate for dental practice owners. Dr. Ginger bought a struggling practice right out of dental school and thought she could fix it up. As it turned out, that took more than a new logo, or better equipment, or more initials behind her name. Plus, we discuss how Dr. Ginger helps dentists identify and build on the profit centers within a dental practice. Contact Dr. Ginger: gingerbratzel.comResource for Practice Owne...
2022-05-1127 min
Dentists, Puns, and MoneyUnderstanding Associate Placement Services with Dan Blair of Menlo Dental ConsultingWelcome to Dentists, Puns and Money! Today we talk with Dan Blair, VP of Associate Placement Services for Menlo Dental Consulting. Menlo is an Arizona-based company that works diligently with both associates and practice owners to align them with the right career growth and business opportunities nationally. Dan shares more about the in-depth discovery process he uses to best assess the needs of a practice, and more about the process of working with an associate placement program, both from an owner and associate perspective. Are associates still interested in working toward practice ownership, o...
2022-04-2735 min
Dentists, Puns, and MoneyAssessing Pros and Cons of Dental Support Organizations with Emmet Scott, Co-Founder of Community Dental PartnersWelcome to Dentists, Puns and Money! In this episode, we talk with Emmet Scott, Co-Founder of Community Dental Partners. Emmet stops by the show to chat about his new book, DSO Secrets: The Ultimate Guide to Building Your Dental Empire and how opening a Pediatric Dentistry practice with his best friend (Dr. Chad Evans) has led to the pair to help manage over 70 dental practices spanning 3 states. While not a dentist himself, Emmet and his organization credit their success to the competitive advantage of providing an excellent patient experience. Listen to learn more about...
2022-04-1335 min
Dentists, Puns, and MoneyBuilding a Cold Start While Investing in Yourself with Dr. Casey Goetz, Cuivre Creek Pediatric DentistryWelcome to Dentists, Puns and Money! In this episode, we talk with Dr. Casey Goetz of Cuivre Creek Pediatric Dentistry.Dr. Goetz's interest in pediatric dentistry began with a chance encounter. It's just one of the many interesting topics we discuss. (And if you missed the last episode, The Practice Growth Podcast is now renamed Dentists, Puns & Money).Listen to learn more about: How Dr. Casey picked Troy, MO as the location to build his practice.How he ramped-up his cold start practice to acquire patients quickly.Thoughts on balancing debt paydown vs. (re)i...
2022-03-3036 min
Dentists, Puns, and MoneyWelcome to Dentists, Puns, and Money!Welcome to Dentists, Puns, and Money!The podcast formerly known as The Practice Growth Podcast has a new name. We have rebranded to better align with the dental-specific focus of our firm, Dentist Exit Planning. We also believe the new name better reflects the overall mission of the podcast.In this week's episode, we discuss the past, present, and future of the podcast. We hope you'll listen here.In short, we'll continue to focus primarily on personal finance for dentists and the business of dentistry. And we'll do so via a...
2022-03-1619 minDentists, Puns, and MoneyWhat is Financial Planning?What is Financial Planning? We explore that topic on this week’s episode of The Practice Growth Podcast. Spoiler Alert: It’s the process of aligning what is most important to someone in life with their use of capital. Capital is not just money, but also time, energy, and attention. If you’d like to hear more about that, listen in, Thoughts or questions? Shoot me an email at shawn@dentistexit.com
2021-11-1709 minDentists, Puns, and MoneyMorgan Hamon - HDA Accounting GroupThere aren’t many Navy fighter pilots who have pivoted into a second career as dental-specific accountant. So Morgan Hamon’s journey is unique, to say the least. Morgan is now a CPA and Partner with HDA Accounting Group near Denver, CO. He shares his expertise in working solely with private dental practice owners. Listen to learn more about: How Morgan and his firm blend standard accounting numbers to create a profitability analysis that focuses on the most impactful metrics for practice owners.The big problem a high-producing start-up dentist may face...
2021-11-0343 minDentists, Puns, and MoneyReplacing Active Practice IncomeLast week’s episode of The Practice Growth Podcast discussed reaching financial independence from practice. But it stopped short of discussing how a dentist transitions from living off active income to living off accumulated assets.On this week’s episode, we dive into the following: Rate of return on income-producing assetsHow to think about rate of withdrawal in retirementBalancing the risk of spending too much vs. spending too littleIf you’d like to share your thoughts on this topic, or have a topic suggestion for another podcast, I’d love to hear from you. Email me...
2021-10-2712 minDentists, Puns, and MoneyMaking Practice Optional - The Four ComponentsOne of the primary financial objectives for any dentist is reaching the point that active practice becomes optional. In other words, a dentist no longer has to practice solely for the money, even though some may choose to continue seeing patients because they enjoy it. The process of making practice financially optional may take one decade… or five. It depends on the individual circumstances or philosophies in four key areas: · Income potential· Ideal hours spent practicing· Lifestyle· Desired age for independence If you’d like to share your t...
2021-10-2015 minDentists, Puns, and MoneySteve Anderson - DentalEaseSteve Anderson has worked with more than 1000 dentists to help them build the dental practices of their dreams. And now as a general contractor-turned author, Steve has transformed his decades of notes and experience into a book: DentalEase – The Essential Guide to Creating the Stress-Free and Profitable Dental Practice of Your Dreams. Listen to learn more about: The flaws Steve found in the marketplace that led to the formation of his dental construction business.The blind spots of building a dental practice.How asking an extra question can help avoid buyer’...
2021-10-0643 minDentists, Puns, and MoneyIndependent Financial Advisor for DentistsThe Practice Growth Podcast returns after a planned sabbatical, and there are big changes discussed in the latest episode. Host Shawn Terrell has recently formed an independent financial advisor firm exclusively for dentists. This podcast details the reasons behind the move, including: · The move toward niche financial planning for certain professions, like dentistry.· Financial planning as a process, not an event.· A hybrid pricing model designed to include early & mid-career dentists. Plus more. Comments? Questions? I’d love to hear from you. Email me at...
2021-09-2924 minDentists, Puns, and MoneyDr. Aaron Jones - Part 2 - Jones Family DentalOne podcast wasn’t enough to cover the available topics with Dr. Aaron Jones. The owner dentist at Jones Family Dental in Norwalk, IA returns to the podcast this week to continue the discussion.Listen to the latest episode of The Practice Growth Podcast to learn more about: Dr. Jones’ path to becoming a ceramist and purchasing a “lab-grade” mill to batch produce zirconia crowns “in-house.”How he’s implemented Botox treatments into his practice.The cancellation policy he uses to maximize seeing patients on nights and weekends.Why he continues to “moonlight” at a second practice even after...
2021-05-1935 minDentists, Puns, and MoneyDr. Aaron Jones - Jones Family DentalDr. Aaron Jones developed an interest and curiosity in dentistry at age 11 as a result of being treated by dental students. In 2019, Dr. Jones fulfilled his childhood vision by opening Jones Family Dental in Norwalk, IA. Listen to the latest episode of The Practice Growth Podcast to learn more about: Dr. Jones’ alternate path to building and owning his practice.How google reviews, a membership plan, and unique office hours helped him quickly build a strong patient base from scratch.How dozens of continuing education courses while a student and early in his career accelerated the pro...
2021-05-1235 minDentists, Puns, and MoneyMatt Howard - Blue and CompanyThe value of a dental practice is often a significant piece of an owner dentist’s financial picture. When ownership changes hands, and during other life events, a clear understanding of the fair-market value of that practice is critical for both the seller and buyer. Matt Howard, a CPA/ABV & CVA with Blue and Company, completed 300 dental practice valuations in 2020. In the latest episode of The Practice Growth Podcast, Matt shares his expertise.Listen to learn more about: The key metrics to examine when determining practice value.The intangible benefit of not haggling over pra...
2021-05-0533 minDentists, Puns, and MoneyDr. Omid Termechi - Dental Implant Surgical SeminarDr. Omid Termechi has witnessed an evolution in implant dentistry during his twenty-plus years of private practice and teaching at NYU College of Dentistry. His experiences led to the formation of the Dental Implant Surgical Seminar. DISS is a three-day event in Guatemala designed to train general and restorative dentists on how to expand their practices into implant surgery. Listen to the latest episode of The Practice Growth Podcast to learn more about:How Dr. Termechi explains the importance of action on implant cases.The financial impact of implant offerings with...
2021-04-2840 minDentists, Puns, and MoneyDr. Beau Beecher - Kimball & Beecher Family DentistryFor the first 14 years of his career, Dr. Beau Beecher followed a traditional career path for a dentist – private ownership with one partner in one location.But beginning in 2014, Dr. Beecher and his partner Dr. Eric Kimball pivoted in new direction. And as of early 2021, Kimball and Beecher Family Dentistry has grown to six locations across eastern and central Iowa with 18 dentists.Listen to the latest episode of The Practice Growth Podcast to learn more about: The inflection point that led to the merger and acquisition of five additional practices.How Dr. Beecher transitioned fro...
2021-04-2128 minDentists, Puns, and MoneyKara Sinnard & Nick Cooper - Whitfield & EddyIt’s important for dentists to build and maintain a strong team of professionals around them throughout their careers. An attorney with dental-specific knowledge is a critical member of that team. Kara Sinnard and Nick Cooper are member attorneys at Whitfield & Eddy in Des Moines, IA. Both have worked in the dental niche for nearly two decades. They share their knowledge on the latest episode of The Practice Growth Podcast. Listen in to learn more about:The key legal components of associate agreements, purchase agreements, and company formation documentsThe advantages of w...
2021-04-1435 minDentists, Puns, and MoneyTom Terronez - Medix Dental ITThe use of technology and information systems within a dental practice continues to evolve at a rapid pace. Since founding Medix Dental IT in 2003, CEO Tom Terronez has been on a mission to help dentists navigate that technological evolution. Listen in to learn more about: How dentists can leverage technology and data to improve both the patient experience and the bottom line.How advances in automation have created more efficiency in claims processing and benefits verification How cloud-based technology allows Medix Dental IT to provide support remotely in 95% of situations.Plus more. ...
2021-04-0728 minDentists, Puns, and MoneyDr. Trevor Kuiper - Sioux Center DentalStarting a dental practice from scratch in a rural setting might present a few challenges on the surface, but Dr. Trevor Kuiper of Sioux Center Dental viewed the endeavor as an opportunity.The early returns have been strong, as Dr. Kuiper reached his three-year patient goal well ahead of schedule.Listen to the latest episode of The Practice Growth Podcast to learn more about: How Dr. Kuiper engaged with the existing dentists in the community about his start-up practice.How practicing in rural setting helped accelerate the growth of his clinical skills. The pros an...
2021-03-3130 minDentists, Puns, and MoneyHeath Bullock - SVN CreateThe decision to lease or build a new practice space is a process most dentists will only go through once or twice in their careers.Heath Bullock, the Managing Director and Principal Owner at SVN Create, can lean on 22 years of commercial real estate experience to help dentists navigate that process. Listen to the latest episode of The Practice Growth Podcast to learn more about: The three most common paths when transitioning to new practice space.The balance between geographical location and leasing vs. owning.The importance of a strong team when leasing or bu...
2021-03-2426 minDentists, Puns, and MoneyWhat's your Financial Philosophy?What’s your financial “philosophy?” Seems like an odd or vague question, doesn’t it? Not surprisingly, there are no shortage of ways to answer that question.Listen to the latest episode of The Practice Growth Podcast to hear more about: One example (mine) of a financial philosophy Why it may be important to establish a philosophy What could happen without one in place Plus more. Comments or feedback? I’d like to hear from you. My contact information is below.
2021-03-1712 minDentists, Puns, and MoneySteve Kampschnieder - DDS MatchThe sale of a dental practice will often be the biggest transaction of a dentist’s life. So it’s critical that process is approached with care and an appropriate amount of planning. In the latest episode of The Practice Growth Podcast, Steve Kampschnieder with DDS Match shares his expertise on practice transitions, and what he’s learned during his 30-plus years working in the dental industry. Listen to learn more about: The key metrics that bring top-dollar to a seller and make the practice “move-in ready” for the buyer. How practice loc...
2021-03-1032 minDentists, Puns, and MoneyBryan Chambers - Provide (formerly Lendeavor)The path to practice ownership for most dentists will almost certainly involve borrowing money. In the latest episode of The Practice Growth Podcast, Bryan Chambers with Provide (formerly Lendeavor), shares his insights from 17 years in the dental lending industry. Listen to learn more about: The profile of an ideal borrower from Provide’s perspective.How to juggle student loan repayments with the liquidity needed for ownership.How Provide is leveraging technology to improve and expedite the lending process.Plus more. You can find more...
2021-03-0332 minDentists, Puns, and MoneyThoughts on Financial Goals - Part 2After last week’s podcast, I thought it might be helpful to further clarify my thoughts on financial goals.This week’s episode of The Practice Growth Podcast discusses: A key point inadvertently omitted from the previous (Part 1) episode.The concept of imperfect action.The different podcast formats moving forward.Comments or feedback? I’d like to hear from you. My contact information is below.
2021-02-2412 minDentists, Puns, and MoneyThoughts on Financial Goals - Part 1How do you think about setting financial goals? There are a few different “schools of thought” on this topic, and I decided to share mine. Listen to the latest episode of The Practice Growth Podcast to hear more about: The potential issues with specific goalsAn alternative approach for financial independenceFour considerations for dentists related to their moneyPlus more. Comments or feedback? I’d like to hear from you. My contact information is below.
2021-02-1714 minDentists, Puns, and MoneyTodd Slycord - Patterson DentalOwner dentists have to juggle a multitude of items, all while providing great patient care. Having professional resources that provide business and practice expertise and guidance can make a big difference. That’s the role Todd Slycord of Patterson Dental hopes to fill with his customers. Listen to the latest episode of The Practice Growth Podcast to learn more about:The additional value a supply representative may provide to a practice. The characteristics Todd often sees in successful practices. The dental industry trends Todd sees in the next 3-5 years. Plus mo...
2021-02-1027 minDentists, Puns, and MoneyJoe Butler - Downing ConstructionThe decision to renovate or build a new practice space is a process most dentists will only go through once or twice in their careers. As CEO at Downing Construction, Joe Butler wants to make that experience remarkable 100% of the time. Listen to the latest episode of The Practice Growth Podcast to learn more about: What Joe and his team have learned from completing 200 dental construction projects in the last 15 years. The five-step process Downing has developed to find the best solution for every dentist. How the goal of 100% repeat and/or referral business drive...
2021-02-0327 minDentists, Puns, and MoneyCourtney DeRonde - TDT CPA's and AdvisorsWhen an owner dentist starts his or her practice, they often wear many hats. Not only do owners have to practice great dentistry, but they may also have to handle accounting, inventory, and human resources. Courtney DeRonde, a managing partner with TDT CPA’s & Advisors, has seen the challenges practice owners must navigate when trying to grow and scale. In fact, she’s written an eBook about those challenges.Listen to the latest episode of The Practice Growth Podcast to learn more about: The five blind spots most often encountered by practice owners.How a mind...
2021-01-2734 minDentists, Puns, and MoneyDr. Andy Stevenson - Grand DentalDr. Andy Stevenson’s initial job description at Grand Dental included trash collection. But he’s managed a few promotions since being hired, and he’s now an associate dentist and partner in-waiting.Listen to the latest episode of The Practice Growth Podcast to learn more about: How Dr. Stevenson has navigated the dynamic of practicing alongside his father.How he’s used his expertise in technology to improve both business and clinical aspects of the practice.The unique, “old-school” system he has developed for getting patient feedback.Plus more.You can find...
2021-01-1327 minDentists, Puns, and MoneyDr. Ryan Warren - QstN, LLCWhat does pasta have to do with men’s outerwear? For QstN founder Ryan Warren, there’s a direct correlation.While many businesses start with “what” they bring to the marketplace, it’s secondary at QstN. Instead, the company focuses on the “why” and the “how.”Listen in to learn more about: How Ryan’s family history in the pasta production business helped cultivate an entrepreneur mindset in an entirely different discipline. The concept of human-centered design, and how it differs from conventional problem-solving strategies. How Ryan’s mantra of “look good, feel good” has led to the exploration of...
2020-12-3029 minDentists, Puns, and MoneyDr. David Summers - Tveten Dental CareBe yourself. For Dr. David Summers of Tveten Dental Care, the “be yourself” mantra (even though cliché) has served him well with so many important decisions… like choosing a dental school and practice partners. Listen to the latest episode of The Practice Growth Podcast to learn more about: Dr. Summers’ approach to breaking down dental stereotypes.What advice he would give to dental students, and how college football taught him an important lesson.His approach to dealing with anxious patients, and how Peanut M&M’s can make all the difference.
2020-12-1625 minDentists, Puns, and MoneyDr. Diana Pelzer - The Nest Pediatric DentistryDr. Diana Pelzer didn’t go to college with the intent of becoming a dentist. But a chance encounter changed everything, and led her down the path of building and owning her own pediatric practice. Listen in to learn more about:How she handled her scratch startup during the height of a pandemic.How becoming a parent has affected her approach in working with children.What went into the design of her practice, including the unique feature kids are sure to remember. Plus more. You can find more information about Dr. P...
2020-12-0227 minDentists, Puns, and MoneyDr. Chad Johnson - Veranda DentistryDr. Chad Johnson learned a few lessons the hard way early in his dental career. That doesn’t make him unique. It also doesn’t make his story any less interesting. Listen in to learn more about: How being struck by lightning – literally – turned out to be one of the best things that ever happened to him.How he technically started his practice – Veranda Dentistry – when he was a D2.Why he tries to help his associate dentists “shorten the curve” in the early stages of their careers. Plus more. You can...
2020-11-1836 minDentists, Puns, and MoneyTrailer - The Practice Growth PodcastTrailer - The Practice Growth Podcast. Coming in the Fall of 2020.
2020-09-1102 min