Reese Harper is the founder of DentistAdvisors.com. He started working in the financial service industry in 2003, and had several business owner clients. Over time, he realized that dental practice owners were really different from the rest.

Compared to his other clients, dental practice owners had a lot more financial questions, and seemed to be carrying more financial anxiety and stress. So Reese figured out that the generic solutions that the financial planning industry were providing to dentists were just not meeting their needs. Dental practice owners had a more complex financial picture, and that made him choose to work exclusively with them now.

Key takeaways:

• Reevaluate your financial plan every year and make adjustments
• How much wealth do you need to have in order to make work optional?
• Avoid cash holdings, renegotiate your debt, and borrow against your own investments

Links:

• Dentist Advisors
• Elements® Comprehensive Financial Planning
• The Dentist Money Show Podcast

This week I’m flying solo again. I share some practical tips that have helped me in my practice in the hope that you will feel prompted to make some changes as well.

First I talk about why I find documenting my protocols very important. All these steps are very intuitive now, but I got a lot out of just writing them down and sharing them with other people.

I also really think you should take a look at your credit card statements once in a while, because you might discover automatic payments that you completely forgot about.

Finally, I am currently looking at implementing the agile methodology in my practice. If you’ve already done that, I’d really appreciate your feedback. You can email me at drkirk@businessofdentistrypodcast.com.

Key takeaways:

• Look at documenting your protocols
• Consider reviewing your credit card statements quarterly
• Bringing the agile approach to the team