Replacing Active Practice Income

On this week's episode, Shawn shares some thoughts on generating cash flow or income from assets once financial independence from active practice has been achieved.

Show Notes

Last week’s episode of The Practice Growth Podcast discussed reaching financial independence from practice. But it stopped short of discussing how a dentist transitions from living off active income to living off accumulated assets.

On this week’s episode, we dive into the following: 

• Rate of return on income-producing assets
• How to think about rate of withdrawal in retirement
• Balancing the risk of spending too much vs. spending too little

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]  

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.