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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.
Welcome to dentists, puns and money. I am your host Shawn Terrelll. And we have a little something different for you today instead of asking questions, I'm on the other end answering questions instead. This episode is a replay of a guest appearance I made on the mommy dentists in business podcast, and it was originally recorded in the summer of 2022. The podcast is hosted by Dr. Grace Yum who started as a pediatric dentist in Chicago but has since relocated to California, where she's currently growing her mommy dentists and business empire. Dr. Grace and I discuss how dentists of all career stages can think about financial planning and why the most important piece of planning is first helping each dentist identify what they want out of life broadly speaking, there's also some casual banter about sports and music mixed in here so proceed with caution if you're bored by either topic. As a reminder, our company dentist Exit Planning helps dentists leading clinical with the financial pieces of that transition specifically how to build a financial treatment plan for your life after dentistry. If you're interested in guidance on your taxes and your income as you exit clinical, you can schedule an initial consultation with us on our website. That website is dentist exit.com. And with that introduction, I hope you enjoy my conversation with Dr. Grace Yum.
Hello, and welcome to mommy dentists and this podcast. I'm your host, Dr. Grace Yum. Welcome back listeners. Thank you so much for subscribing to our podcast. I'm very blessed to have you guys as listeners and I'm excited for today's guest. We have Mr. Shawn Terrell from Dentist Exit and he is a founder and financial planner of his own company tend to exit where you can go to the website, dentists exit.com. And I am excited to have him because I want I was on his show and do he's going to teach us some pearls today. So I hope you have your listening ears on turn them on and we are ready to rock and roll. Welcome to the show Shawn. Dr. Grace, great to be here and I appreciate the opportunity. Now I'm so glad you're here and we always love learning new things. So before we do a deep dive let's set the stage and let the listeners get to know you and who you are. What would you like to tell our listeners as far as setting the stage,
so I'll try to keep it to the Reader's Digest version. I am based in Iowa and born and raised Iowa boy graduate from University of Iowa in the year 2000 And then spent the next 10 years as a sports anchor sportscaster and also doing some sports talk radio kind of throughout the Midwest, Iowa, Missouri. And in 2011 I went to totally opposite direction I decided I didn't want work in television. Or the media any longer. And I got into finance and financial planning and worked with an insurance company for probably about 10 years in there and very early on my career started working with dentists sort of as part of the clientele that I worked with. And then just through the course of time it got to be more and more dentists and launched my own firm specifically and exclusively to work with dentists on their financial planning issues, problems, concerns in 2021. And just little bit more of a year into being completely on my own with my own firm and my new service model. Yeah, so that's sort of a real short, brief snapshot into kind of where I started and oriented. I
think that's really cool that you are in broadcasting and sports. So of course I've asked you what is your favorite professional team and what sport do you like the best?
So baseball will always have my heart. I'm a Cubs fan. My mom grew up in Chicago and I know she did grow up on the north side actually. And so my earliest childhood memories was going to my first Cubs game in 1985. So 2016 was just a dream come true for me as a lifelong Cubs fan as we record this in 2022 I've had to emotionally detach from the clubs and you know, they sold off all of our favorite players that we were that we fell in love with So are you a Cubs fan too?
I am my practice was like four blocks away until we would walk to games and my street parking you know, during the scenes and it was like You can't park all these dates and I had to get like passes from alderman for my employees to park their cars. Oh, wow. Yeah, yeah, for sure. And we used to go as a team to the Cubs game. So I completely know that attachment and that find this and there's really nothing like wrinkly. I mean, it's a beautiful stadium. It has a vintage feel to it. And there's so much history
there. It's beautiful. So it's cool for me to think about how like my grandfather, my great grandfather, like grew up going to cubs games there. It's good. It's been around for over 100 years. So yes, yeah, there's there's definitely something magical about it even though they're not very good and currently
no but you know it comes in waves and that's because you're listening if you've been to Wrigley bleachers or you know, they have tall buildings around the stadium where you can rent out you know rooftops and they've really changed the area. I don't know if you've been back since but they've really changed and modified the area in the neighborhood. So Cadiz all the way. So I'm so glad to hear that when you made that transition, you know, when you pivoted from broadcasting, like, was that sad and hard? Or were you kind of like, okay, I'm done with us. I need to transition.
You know, it was a little bit sad because to me it felt like I was giving up on my dream a little bit. And, you know, I didn't go to a really good University of Iowa, which at the time didn't have like some Rockstar broadcast journalism school. So I sort of worked my way up as an intern and a production assistant and eventually got my first shot at being on the air. We kind of took that as far as I could take it, but what I saw was that, you know, especially work in sports, you know, all the big games happen at night and on weekends and on holidays and just 10 years of that schedule. I just didn't see myself wanting to do that forever. It's grueling. Yeah, yeah. And then the other thing was, you know, I really liked Iowa. I sort of made my way back to Iowa and reforestation in the morning, where I still live in Des Moines area, and you know, to move out you kind of gotta keep market hopping and going different places and I really just didn't want to move to different places every two or three years. I really like to Iowa and kind of want to stay there put down roots there.
No, it's like a professional players. They get moved around and I did see a lot of the cosplayers in the Blackhawks players kids, only to a certain age though, when they were little, the wives would come and move it from somewhere else after they were in school full time. They start cutting. So I got it like it's so hard unless they're ingratiated in the community. And one of the pictures they were really ingratiated in the community and part of school systems and for me as a pediatric dentist, I would ask the counselors wives like how did you find me and she's like you're on the wives list of vendors. They all pass it down to each other like when you're new to the area like who to go for your dentist? Who do you go for the pediatrician where to go for a haircut? And they have their own list? They circulate?
Oh, wow. He must have done something right to get on that list originally though. Yeah. So
I was very pleased. And we have a lot of great famous, you know, stars come through. And that was really fun, but I had to leave you know I sold that was one part that I really missed as my patients and I can imagine when you pivot to something else you miss part of that and but you just a wild change. It wasn't like a pseudo change. You went straight into like, how did you pick finance right and like money, and then how did you even go even to a furniture as until like dentistry?
Yeah, no good question. So, you know, I worked in television, and I wanted something that was kind of the opposite of that, which was a lot better hours, a lot more control over your life and a lot better money than working in the media. And so I looked at all the big things that were sort of quote unquote, in sales, like medical device sales, and I just I treated the whole process of finding whatever my next step was going to be whatever my future was gonna be moving for my new career, sort of like a journalist. I just interviewed a lot of people or I had coffee with a lot of people. And as I kind of did that with a dozen or a couple dozen different people, I somehow got interested a little bit more in being a financial advisor. And I sort of always have been someone who thought about money and kind of a numbers guy. And so that's what it was, there was I met the right people at the right time, who kind of taught me a few things about money that I didn't know. I thought to myself, this was in my early 30s And I kind of made the first 10 years out of college and I'm like, Well, I know a little bit about what I'm doing and and I realized as I went through that process, I met a few people, that there's really more to understanding how to handle my money, how money works than I realized and if someone who's well educated and kind of hands that has an interest already didn't know all these things, and there's probably a lot of missing information that's out there. So that's the first piece of it and then, you know, when you start the financial services industry, most people the first client they sort of work with their friends and family. Yeah. And if anyone listening is ever had a friend or family get into the financial services industry, you've probably been called a few times from that person when they first get started. It's not a great mark for the industry. But I did have a friend who was a default in dental school at the University of Iowa, right around the time that I got into the business, so to speak, and in talking to him about what he was kind of trying to figure out one of the first products if you will, that I that I learned about him and sort of how to how to sell his disability insurance and disability insurance, I think was and continues to be an important piece of the financial picture for dentists. And we were sitting down with football tailgate one time, he's like, you actually come to have these things called Lunch and Learns, where people come in and talk about something that's interesting for us to learn about for all the dental students and you should do one of these lunch and learns, you got to buy us all free pizza, but you'll get to meet all of my 79 other people in my class and who knows, maybe it'll lead to some business for you. So that was kind of the initial foothold into starting to work with dentists and I figured out more and more about disability insurance and did more and more disability insurance until I finally got to the point where, while I still am a big proponent and consider myself someone who can help with disability insurance. That wasn't all I wanted to be forever. I guess. So. That led me to eventually trying to help with everything else in the picture and starting my own firm.
Great. I mean, that's really really a good story and strategy and getting from point A to point B and having I guess courage, you know, to start your own thing, it's not easy. So that takes a lot of courage and skill sets a different skill set and you have your own business. You really pour your heart and soul into it. And so I think that's really great. Thank you. Yeah, no, so kudos to you. I wanted to pivot in this conversation and kind of go into what you teach dentists and how you help dentists, especially from a financial planning strategy. So the first question I have for you is when should just start with thinking about creating a strategy or plan with your finances only because we're in so much debt, you know, from whether it's college debt, or dental school debt? I think people assume that doctors make a lot of money, but they are kind of setback a little bit just because they've been in school for so long, and then they have to chisel away at their loans. So when do they start because they're already overwhelmed with being in the red?
Yeah, and I have a lot of empathy for what you guys are there's just so many decisions for dentists coming out of dental school. I don't even know how you know, I just seen the overwhelm so many front times on trying to find out where they gonna go practice so they can associate or start their own thing or they get married, buy a house, there's so many decisions, getting credential with insurance companies, and so you know, understanding how to at least lay the groundwork or build the basic framework of a long term financial plan can get put on the backburner, but I think it is really important for us to answer your question directly about the best time to at least start it is that default year and that first year that you that you graduate dental school at least get some of the basic built what we call building blocks or principles in place very, very early in your dental career. And I'm happy to dive into a couple of those building blocks or principles if you think it would be helpful to hear it for your audience.
Absolutely. So deform, they have no money. What should it be for our new dentist? Start with?
Oh, with all the data, here's an important distinction like dentists are gonna have to get used to this this because you owe a lot of money doesn't mean you can not spend money on anything else just gonna have to keep doubling down a little bit. And so where I'm going with that is, it probably makes sense to spend a little bit more money on really good disability insurance and maybe some life insurance as well, just to sort of lock in that insurability while you're young, and you're healthy as you can be very, very early in your dental career. Do it cost effectively and with sort of a strategy behind it, but that's one of the first things that someone should do, and I can be really hard when you know, there's no money coming in yet and the student loan payment of two or $3,000 a month is due very, very soon, but those are a couple of big pieces is sort of lock in your insurability from the really big things that can take you away from practicing dentistry, because if you're coming out of dental school, you made this huge huge investment in both time and money and energy to being a dentist, right? And the expectation of the income that comes with that you would never take that time and money investment in dental school if you know, you're gonna go out and work in a cubicle and T is a really simple example and just make $80,000 a year that would make any sense. And so you have to protect that investment as much as you can from the big things that can take it away like an illness and injury, death in some instances, malpractice get really good malpractice insurance which is not my specialty, but something that I think most dentists understand is important. General Liability Insurance probably a good thing to those are some of the big pieces and then sort of add on to that as much as you can just start a really, really basic savings plan really early in your career as well even if only 50 bucks or 100 bucks a month just to start to build that muscle because it's really hard to start that initially and it was easier to increase that amount as more cash flow or income gets freed up with the debt going away into practice being paid off and so many other expenses going away.
I think it's really important for young people to know that. So you know, for those that are practicing while they're done with their loans for school, they have a practice on what do you recommend for them?
The really big question a lot of dentists have to answer once they start to get a little bit traction with their career is okay you have a little bit of free cash flow or free money. Where do you put it to pay down debt you invest it in the practice? You started second practice? Do you move to the personal balance sheet and invested there? So it really kind of depends. I think the first place that I try to get people to go is pull back a little bit more high level like what are you solving for? Where are you trying to get eventually? But yeah, so you could do all those things you could pay you could accelerate that payments personally or inside the business depending what the tax ramifications are of doing that. But yeah, there's there's just a lot of options that are available in that situation but but to your point, you know, I think it is a lot of times dentists are 40 before they can really start to hammer down on saving for the retirement because it does sometimes take that long to pay off student loans and pay off the practice. And you know, figure out kind of where you want to live and getting your for lack of a better word kind of like your your forever home and forget what your family's gonna look like and once you can have all those pieces in place which can take 10 or 15 years that's really a good time to start to hammer down if you can on stock as much money away to get to a place where you eventually have the option to not practice anymore financially speaking if you don't want to a lot of
things at play here I had mentioned disability malpractice insurance, sacking anyway in retirement and for me having gone through this process as well. It takes discipline, it's not easy. It's not easy to live within your means. It's not easy to put money away. It's just I think, takes a lot of willpower and therefore I think it's nice to have a planner to help with each step and saying you need to set aside X dollars a month or are you also to save money for taxes you're not like slammed with a huge tax bill. But then if your practice center, you know being able to provide a 401 K or retirement fund for your employees is huge too. And I know that it's overwhelming and for some dentists it doesn't make any sense. And so it's nice to have experts like yourself guide people so that they can be responsible with their money and to have enough for a rainy day right because you need like an emergency fund and then you need money obviously to retire on. What is the age now that you see most people or at least dentists retiring?
I would struggle to to put an age on that because so many I see so many dentists there's a wide spectrum of different dentists that are solving for different things. I work with one dentist who is there ease and he has he's has no desire to ever have kids. He's sort of like a Holic and his entire goal is to be financially independent from having a practice by the time he's 45. That's aggressive. Yeah. And you know, he keeps his personal overhead really low because of that and lives a modest lifestyle because he wants to have the option and the freedom to explore other interesting things earlier in his life and maybe some other dentists have the opportunity to do that. The other end of the spectrum, I work with a client who has four kids, and he just started practice. And he doesn't care how long he practices, you know, as long as he's physically able, he could practically 75 or he wouldn't he'd be okay with that, as long as he can help all four of his kids with as much as their education as he possibly can. So those are two really different problem sets and kind of like there's different formulas for how to solve that based on what people really want on their life. Sure. And so I guess what my job is, is to first try to pull that out of people, and then sort of come up with a plan for how to reach what they're trying to achieve. They really big picture wise out of their life, and then let them know the different levers to use an analogy that they can pull to sort of those things like, want to retire by the time you're 45 or do independent dentistry. LaTanya 45, you got to really live a modest lifestyle. You don't care how long you practice, then you can drive fancy cars and take nice vacations and take every Friday off like it's really in no judgment. Either way. It's it's really about figuring out what works for you, what do you want, and then understanding that financially there's gonna be trade offs associated with whatever, whatever path works for you.
Yeah, it's interesting. I feel like a lot of people have to think about that, you know, like what is the end game and then work backwards and meeting some of my kids and help plan their strategy on what age they wanna retire at what age they want to slow down or be less stressed, right? Like, there's always like a number, right? Like, you need a certain number to hit. It's tricky because it's like, you don't know what's gonna happen tomorrow, right? You're just gonna assume you're gonna live to 100 or whatever. Ai there's no plan for what will happen today. Even or tomorrow. And so some people have like, you only live once mindset like YOLO. And understand that, like, if I'm 55 and I want to try it, I need this to hit this number. Or if I'm on retire at 45, I need to hit this number if I want it. So it's kind of like a game in a way to set those goals. But also, for me, it's a balancing act, because I mean, I know my husband is in that mindset of like, when I hit this age, I'm gone. And I'm kind of like, I'll be done when you're done but at the same time, like I want the option to not have to be done and continue what I'm doing if I want to. And the beauty of that is like there's no pressure, especially if you are in a relationship or have a partner. I think that it's a little less stressful, but when you're the sole breadwinner, it might be more stressful so every situation is different, but I do know that there are times I look at my husband like you're working so hard that we're not even enjoying life, you know, like you need that phrase are saying it's like, work to live or live to work. And it's kind of like, okay, I'm watching you work so hard, because every year you want to hit this number and it's kind of like you need to stop and smell the roses. I get that you wanna retire early, but like you are not enjoying life.
That's a good point. And it's something that I'm more wired to be like how you describe your husband, I have been wired the past and what I've really learned through the pandemic and maybe get a little bit older is that this is the only time I ever tried to impart my values on other people was maybe just encourage people to not delay living until like they're 65 or 70 or whatever that magic number is for retirement in their head. Because in doing this 11 years now I've just seen so many examples, necessarily my clients just anecdotally for people I know just so many examples of people that put all their eggs in that retirement 20 years from now basket that never got to retirement because their health changed or even worse, they didn't live that long. And so one of the things about the pandemic for me was it helped shift my priorities a little bit more into what was important. And make sure that if I don't have a retirement personally, me it doesn't look like you know, I want to look at at least I had these little mini retirements or tiny sabbaticals or just long weekends along the way that I really enjoyed as much as I could out of life before something out of my control made the quote unquote retirement different than I thought was gonna be.
Absolutely. And I think that's part of like the balancing act, because yes, you want to hit goals, but at the same time, try to spend time with your family and loved ones and balancing is purely what it takes. So and you identify that, you know, that could be not necessarily a mistake, but that could just be something that's a detriment to dentists when they're working towards financial independence. If you have a client that's like that, what do you say to them? Like, I know that your job is to help them get there, but I mean, do you ever say to interject to say, Hey, I know that these are your calls, but
I've tried for a few and before even go there, like there's other people that are the other in the spectrum too, that I'm gonna be like, okay, that house is probably little too big. Those cars are probably a little more than you need right now, relative to how much you saved at this point your career, but for the ones that are taking it to the other extreme, I try to encourage them to do things that you know, I think sometimes people are scared that they let their foot off the gas that something's gonna go wrong. And so it's hard to get them out of whatever mindset that is their power that became ingrained in them but to try and say, hey, you know, you're making high six figures and you have like, a million dollars in the bank and you're 45 like, it's okay to take Friday's off to take your three young kids to the zoo or whatever. And sometimes people need to hear
that right. No, and permission I think permission. Very good. Yes. You know, to be like, Hey, you can go ahead, especially from a female perspective, like go ahead and buy those features. You want like it's okay to splurge once in a while. I think people are always looking around money, or they feel guilty. You know, I think women especially feel guilty about spending money if it's not on their family, or their practice and on themselves. And that's like a totally different story. But I definitely see that amongst women and for single women like, if you have any widows or clients that are single moms, what do you do with their money? Like, what's the first thing you tell them to invest in?
Like the principles stay the same? It's in this example, you're talking about someone who practices and has a good dental career and good income there, but it just has a lot of people that are supporting Yes. So the best way just really generically speaking to grow your money long term outside of the dental practice is just through investing in equities. And so in general, that's one of the recommendations I would make to someone who's trying to grow their money at the edge, but it depends. This sort of the answer we get to that. I think my work we just have to be mindful that that is a you know if that's the central theme of kind of what money means to her supporting other people, then I think all the planning decisions around that we have to factor in,
think that these are all good points, all good things that everyone needs. To listen to. But as far as like investing goes like what you said to invest in, when you just said equities. Yeah, it was probably too much industry speak. Sorry. Yeah. Like what do you mean by investment equities? Is that private equity or like, could you explain a little further,
could be private equity, my experiences in public equity or publicly traded companies and so that's just in general terms. The stock market and all the other companies that are available there to invest in and then not only in America, but also globally diversify and all markets and yeah, just in your portfolio, a lot of for companies for a lot of different areas and try to focus on the ones that historically over long, the long term have done the best and keep it as simple as possible there, but maybe to take it one step further. The strategy that I'm employing currently, and I'm so excited about things that technology is available to people at a much lower price point is a strategy called direct investing. And the way that works is it allows people to invest directly in stocks without going through like a mutual fund or some other fund company and that allows some advantage from a cost perspective and also starting at a much lower price point and has been available with that strategy. In the past. And then also there's some tax savings that comes into play with that strategy as well. tax loss harvesting, tax gain harvesting, that comes with the ability to use a direct investment inside of an index. That sounds great. That's probably by far inside baseball that I should go Yeah, no, I
think that I think you have to like obviously learn a little more about it if you're not used to all the terminology but I think it's really interesting that it's like everyone has options. And I think you just have to research your options and see what's the best fit for yourself. I think that that's really insightful. For any of our listeners who haven't teamed up with a financial advisor, I guess what would you say to them to say like, Hey, you really should have a financial advisor and this is why, oh,
this is something that sort of answered that question indirectly. First, I've learned through my age that you can't, it's really hard to help someone if they don't think that they have a problem to begin with. Absolutely. And so that's easier in dentistry, because what's the problem that most people come into the office with when they have a problem? Toothache? Yes, pain needs to be fixed right now. Right? Right. It's very rare for someone to wake up in the morning and say, Oh, today's the day I'm going to solve my financial planning. A lot of times, it takes some sort of trigger or life event that kind of spurs people to action. But it has to start with someone's realization that they can't figure all these things out on their own, or they don't want to try to figure all these things out on their own. complicated and there's too many moving parts and it's fluid. It's always changing. Right? So that has to I was trying to understand what are working with someone like do they really need to have a problem? And do they really want someone else to solve it. Now I work with dentists that are sort of do it yourselfers that want to solve that problem themselves and have an interest in doing it. And I don't like fear mongering so i My advice to people who are DIY errs is that it might work out okay doing it by yourself. I think you'd ask the question, is that the highest and best use? Right, right, right. Like should you just hire someone to do that and pay them and then either spend time with the people and things that you love?
And that's exactly exactly are you sitting there trying to read and educate yourself and do it yourself
or your chair and do what you're really good at or make the most money doing right right I
stay in your lane. But really, but yeah, now that all makes complete sense to me. Like you said like nobody has a realization until they're pushed to think about that. Like what is a push in general that you've seen like people come to you and say like, Okay, I need to do this because XYZ
you know, how are you getting married, having having a baby a lot of times this middle zone sometimes is paying off the practice like okay, now I have this free cash flow. I was paying $10,000 a month, paid off and probably not spend that $10,000 But instead put it somewhere for my future self. So those are sort of the life events or the triggers that can lead someone to, like, make that step. And then just in general, I think getting closer to the quote unquote stereotypical retirement age of 55 or 60 and just realizing that starting to get real, and there's a lot of moving parts and to what I was saying earlier, like a dentist's realizing that they don't wanna try to figure all that stuff out on their own.
There's definitely people that are like, Okay, do it for me, versus I'm gonna do it for myself. And there's a big personality gap. I'm of the mindset of like, oh, no, something's wrong with me.
And maybe to add on to that point, I think so. You are really good at marketing. It's always with what you do. So with what my marketing what I have to do, it's counterintuitive, and I had to learn that over time as I actually just try to understand what the problems are.
All those problems? Absolutely, absolutely. Listening, people have
to be open to and that's, you know, I'm not a dentist but I sort of have that type a do it yourself rugged individuals mindset. And I think the problem that can exist is they've had to figure out on their own because they didn't know how to find or where to find good help and it just sort of always done it that way. And it's because of that it's maybe gotten harder because that a bad experience. So they just figured out how to do it on their own. It can be really hard to for someone to say okay, now I really needed to bring in a pro. Right right, to help with all these pieces. So maybe to circle back to the like I just talked about a lot of the things that I think are it can be issues for dentists in planning for retirement that they don't necessarily think about or know about that can be a problem like how to reduce taxes, how to actually figure out how to replace your active dental income that you generate in the lifestyle that you built around that expectation. How do you transition from living off practicing dentistry to living off of, you know, your 401 K and all your other investments that you've built up hopefully along the way?
That's okay, information here that we just impact and a lot for people to chew on and think about if anybody wants to get in touch with you. What's the best way
so just I would say go to my website and check out my website that sort of has the who, what, when, where and why of what I do and who I work with. That's dentist exit comm just exit.com Two options there for people that all of a sudden realize that they do need help, you know, the call to action there is to schedule a discovery call with me an initial consultation to have a conversation get to know each other a little bit and figure out if working together may or may not be a fit for people that are like, Oh, this sounds interesting, but now's not the right time. They haven't felt that pain or had that trigger yet. The really simple thing to do would just be to sign up for my email newsletter, which there's like a pop up that comes up within 10 seconds with your name and your email address in there. And that's a great way to sort of keep up to date with what I'm doing and how I'm helping other dentists and without feeling like it's a great way to stay in touch indirectly I guess with some of these things that I try to help people with.
Awesome. Well, thank you so much for that. Yeah, because you're a sports buff English and with a really fun trivia question. Okay, are you ready?
I am. Okay,
I know this is like so random. So what are you probably already know this, but what are the three teams in the NBA that don't end an S
cheat the magic? Is it an expansion team or a team that's changed names somewhere along the way? Or is it like one has been around for a while when that scenario doesn't end an S thinking links but that's a WNBA team, right? Yeah, no. I'm blanking with.
I'll give you a hint. The mailman. Oh, jazz. Yeah. Yeah, I love basketball or like I grew up watching a lot of basketball because of Jordan. You know, okay. My mom said when my dad retired. My mom was like, I can't stay at home with your dad. And this is before the grandkids came along. So she found a job at a dry cleaners in Highland Park. Oh, wow. And my sister was a basketball player and so and she was on varsity captain. Of the baseball team, the Wednesday champions that are up and so my parents went to all the basketball games and of course many back then it was a travesty. The I'm not the United summer. So we went to a lot of games. And so one day she was working on a bowl player came in and she didn't recognize him. And so she she loves to joke around and stuff and she's like, I don't know who you are. She's like to sit on the bench.
He was like, No, I played for real. And she's like, Yeah, right. So the next time he came he brought like jerseys or selling
tickets to the festival. Was it because
I don't even remember it was so long ago I should call her after he wasn't like a really like famous ballplayer. So like even for me, I was like, Who is this guy? Rodman or Georgia. He was like yo, Winnington or Bill Cartwright are both very famous. Like it seems like Ron and something. No, it wasn't. It looks like Ron Harper reminded me about Harper. Oh, I have to call my mom I asked but she just totally like, but I'm figuring this whole area. So she's like, well, once you've graduated, I'm gonna give the jerseys to the grandkids and cetera and when she actually met Michael Jordan was just playing golf. Oh, wow. Yeah. And so she waited for him until he was at the last hole but she was like he has like bodyguards and like security around when he's playing. And she waited you know, respectfully till he was done with his shots. And she was like, she's a straight look. Really. She's like Michael Michael. He let her come through, you know, the security and he gave my mom a hug and kiss her on the cheek. It was so cute. Like, we went out to dinner like with my family. She was like, like, on and on. I have my children because rather cheap. My dad's like rolling his eyes. So cute. I was so it's just fun to have all these like memories and sports. For me. It just brings people together. You know, and I think that like dentistry when we talk about dentistry and our colleagues, there's a lot that bring us together. But I think that music and sports are two things that like are universal like a universal language.
I really the two of my favorite things. I'm a huge sports fan. And I'm actually kind of a music buff too. In fact, the last couple times I've been at Wrigley Field to United Center we're not for games. They were for Pearl Jam concert.
Pearl Jam. I love Pearl Jam. I do you better all the way. That's awesome.
Yeah. Of like 730 sometimes so I'm really Yeah.
Oh my gosh, that's fantastic. Yeah, I actually went to Berkeley to see oh, gosh, and I'm drawing a blank with my husband. We went with his friends and we saw shoot it's kind of in that same shot. Not wasn't Pearl Jam. It was in that same genre, but they were fighters. No, but oh my gosh, but you know what? One of my husband's Best Friends his wife is best friends with the drummers wife the guide. Oh no. Taylor Hawkins Hawkins. Yeah, he lives in Laguna Beach.
Yeah, that's right. Yeah. I'm a drummer. So I'm such a
rock is hard. So yeah, so when he passed, they flew into town, and they called us and said they needed a babysitter because all of their friends were in town for you know, services and everything and so I had to help find babysitters and of course, like we're not person friends. Although like my husband met his wife. It was really tragic. It was so sad. For sad super sad, but anyway, I digress. Thank you so much for your time. Thank you so much for your tips. And for listeners. I hope you'll think about where you're putting your your money, because it seems chances are now Was it too bad? No. I've got my money on my mind in my mind money. Yeah, so that's it, folks. Have a great day. And I hope one day we'll meet in person in real life.
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Shawn Terrell as Guest on Mommy Dentists in Business podcast - Transcript
Keywords: dentists, retirement, practice, live, call, dentistry, people, long, financial planning, money, disability insurance, iowa, strategy, sports, investment, retire, figure, invest, problem, pearl jam.