After Reese Harper started a financial planning firm, he moved to a new neighborhood and became good friends with a dentist. They talked about work, and over time, Reese learned how challenging it is to be a dentist, especially in certain areas of the country. His friend ran a successful practice, made good money, and had a great team; however, he still had a lot of financial concerns. It wasn’t like he was just scraping by, but it seemed like he should be doing better financially than he said he was. It appeared too much money was slipping through his hands.
Here are a few questions he asked Reese:
- Where is all my money going? I feel like there should be more money left over for how much I make.
- Which debts should I pay off first? Debt seems like a constant burden.
- How can I put money away for retirement? And what investments should I consider?
- I’m busier than I’ve ever been, but I’m not sure I’m making more money. How can I know?
This got Reese thinking: if a financial advisor doesn’t understand how a dental practice works, how is he going to put together a good retirement plan for a dentist? Dental practice finances and personal finances are just too closely related. This is what inspired Reese to create a retirement road map for dentists and specialists to help them prepare for a secure retirement.
Today, the team of financial advisors at Dentist Advisors are helping dentists, orthodontists and oral surgeons all over the country navigate personal and practice financial decisions. With their knowledge of the unique challenges and financial issues dentists face, they’re able to help dentists avoid poor financial decisions, increase their wealth, and achieve financial freedom.
Take a look at the resources on this site, subscribe to our DentistMoney™ newsletter to gain practical advice for your practice and your future, or schedule a free consultation with one of our advisors. Dentist Advisors’ processes and tools have made a huge difference in the life of Reese’s friend and many other dentists just like him.