Making Practice Optional - The Four Components

On this week's episode, Shawn shares some thoughts on the factors to consider when moving toward financial independence from practicing dentistry.

Show Notes

One 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 thoughts on this topic, or have a topic suggestion for another podcast, I’d love to hear from you. Email me at [e-mail]  

 

Terrell Advisors, LLC is a registered investment advisor.  The information presented should not be interpreted or construed as investment, legal, tax, financial planning, or wealth management advice. It does not substitute for personalized investment or financial planning from Terrell Advisors, LLC. This podcast conveys the views and opinions of Shawn Terrell, and the information herein should not be considered a solicitation to engage in a particular investment or financial planning strategy. Information presented is for educational purposes only and past performance is not indicative of future results.

What is Dentists, Puns, and Money?

Dentists, Puns, and Money is a podcast focused on two things: The financial topics relevant to dentists leaving clinical practice and the stories and lessons of dentists who have already done so.

1. The stories of dentists who have transitioned from full-time clinical dentistry.

2. The financial topics that are relevant for dentists making that transition.

If you’re a dentist thinking about your exit from clinical, and you’d like to learn from the experiences of other dentists who have made that transition, be sure to subscribe to your favorite podcast app.

Host Shawn Terrell also dives deep into the many financial components of exiting dentistry, including tax reduction strategies and how to live off your assets.

And, we try to keep it light by mixing in a bad joke… or two.

Please note: Dentists, Puns, and Money was previously known as The Practice Growth Podcast until March 2022.