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why my math trumps your emotion
A Lesson in Leverage for Dentists
Debt can create a wide range of emotional reactions – no doubt about it. As a financial analyst with only dentists as clients, I speak with dentists across the country every day regarding their business, liabilities, and investments. Most stories support my “debt-averse” hypothesis. Consider Dr. Worry Later. He is 47 years old and proudly paid ...
The Average Dentist Saves $28,205
The average dentist in the United States, over 40 yrs. old, saved about $28,205 per year for retirement in 2010. True or False? Keep your answer to yourself, no looking at your neighbor’s paper, and keep your eyes up front. We’ll come back to the quiz in a minute. The retirement planners of the previous ...
I Predict a Financial Revolution in Dentistry
Americans will begin to turn back to the pragmatic values of previous generations in regard to personal finance, retirement philosophy, and savings. They will gradually value saving money versus over-leveraging debt and spending what they don’t have. Americans will take more caution in the stock market and look to reduce the expense and risk associated ...
Lost in Translation: Dental Patient Testimonials
On July 28, 1945, Japanese Premier Suzuki received a demand from The United States to surrender after a long and drawn out war in the pacific– or suffer what would become the dropping of an atomic bomb on Hiroshima. When he spoke to the press on that day, Suzuki used the word “mokusatsu” in his ...
Producing More Dentistry is Not Your Problem
My two oldest boys, Tucker and Ty, babysat the 2nd grade class pet hamsters over the holiday. Steve and Phil are their names with Steve, the more energetic of the two, loving his “hamster wheel” – running his heart out but not getting very far. Sometimes I feel like dentists take the same approach, working ...
Got An App For That?
I don’t get the newspaper delivered at home anymore. No more cold walks to the mailbox or occasional rain-soaked pages. I wake up to my iphone applications for CNN, USAToday, and The New York Times daily. With a click, I can check email and text and communicate with friends and clients – while coffee brews ...
