The Gold Crown Podcast aims to help motivate, educate, and inspire dentists to achieve the option of Financial Independence & Retiring Early (FIRE) through investing without burnout all while providing superior care for their patients.
In this episode we investigate why dentists retire 7+ years later than the average American. Our guide is an article published by Amanda Bateman in Dental Economics that offers 5 reasons that might explain why this is the case. Enjoy! You can read the whole article below: https://www.dentaleconomics.com/money/article/14214867/why-dentists-retire-7-years-later-than-the-average-american-and-how-to-fix-that
Ever wondered what areas have the highest incomes for dentists and the highest saturation? In this episode, we break down the most recent findings from the BLS data released for the year 2021 (2022's data will be released in 2023). We discuss the top areas' data and what the implications are for your professional career as well as planning for FI. As a side note, now is the time to be a hygienist! (Employed) dentists, however, took a hit! A blog post with findings can also be found below: https://thegoldcrownpodcast.com/2022/05/11/best-places-to-practice-dentistry-bureau-of-labor-statistics-for-2021/ Be sure to visit the Bureau of Labor Statistics website for the full report and more details at: https://www.bls.gov/ooh/ https://www.bls.gov/oes/current/oes291021.htm#st thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
In this episode of The Gold Crown Podcast, Dustin Heiner shares his strategies on how he quit his job at 37 years old to become a full-time investor. He is the founder of the podcasts/websites Master Passive Income, and Successfully Unemployed, and has been featured on Joe Fairless' podcast "Best Real Estate Investing Advice Ever." Dustin has used these platforms to coach several students through their real estate investing journey to pursue FI. To get Dustin's free real estate investing course, text rental to 33777. www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
Part 2/2 James Ledbetter works full-time at a bank while he invests in Texas real estate in his spare time. It has allowed him to grow to 12 rentals using his own personal criteria for investing. This steady progress has granted him tremendous freedom of time for himself and family. If you feel real estate investing could be right for you, it's invaluable to learn from those who are further along on the path! If you would like to reach out to James with any additional questions, you can reach him at emailledbetter@gmail.com. thegoldcrownpodcast.com
Part 1/2 James Ledbetter works full-time at a bank while he invests in Texas real estate in his spare time. It has allowed him to grow to 12 rentals using his own personal criteria for investing. This steady progress has granted him tremendous freedom of time for himself and family. If you feel real estate investing could be right for you, it's invaluable to learn from those who are further along on the path! If you would like to reach out to James with any additional questions, you can reach him at emailledbetter@gmail.com. thegoldcrownpodcast.com
Arguably the biggest and scariest pit-falls in dentistry involve legal conflicts. Justin Morgan, a dental specific attorney, shares his wisdom on what strength lawyers can bring to your corner in business negotiation, practice partnerships, and even associate contracts. With good members in your party, your dental adventure can be far less treacherous! www.DentalAttorneys.com Justin@dentalattorneys.com thegoldcrownpodcast.com
Figuring out what to do with your student debt is a big piece of the FI puzzle. This episode features Rob Bertman, who is a senior consultant for Student Loan Planner, and he has been a financial professional for nearly 20 years and holds both the CFA and CFP® designations. He works with student loans with dentists all the time and offers a professional's perspective on what to do with our debt. Covid paused student loan payments for 2 years, and many of us (myself included) basically forgot about them. With payments starting in May, now may be the best time to refinance and adjust your budget! https://www.studentloanplanner.com/ thegoldcrownpodcast.com Know someone who would make a great guest? Message us at: thegoldcrownpodcast@gmail.com
Should you rent your house or should you purchase your house? Ever heard that you should buy your home cash? Or that buying your home always makes the most financial sense? Everyone seems to have some opinion on this topic, but which may be the best investor-friendly choice? You may be surprised to learn that renting may be the best option for many investors! For basic calculators on buying or renting, check out: https://smartasset.com/mortgage/rent-vs-buy https://www.nerdwallet.com/mortgages/rent-vs-buy-calculator See the blog post at: thegoldcrownpodcast.com
Some updates and advice for the year of 2022. We touch on everything from podcast updates to advice from a personal perspective on practice partnerships and budgeting with YNAB. (A full episode on YNAB is merited, but to learn more, you can go to https://www.youneedabudget.com/).
Everyone has the exciting decision to make about what kind of assets you want to invest in. If you have chosen Stocks and Bonds (or want a piece of your portfolio to include them), then I can think of no better books to read than Millionaire Teacher by Andrew Hallam, and Retire Before Mom and Dad by Rob Berger (as a side note, you may also wish to read A Random Walk Down Wall Street). Andrew Hallam became a millionaire even though he was a teacher, and Rob Berger is a lawyer who also was a Forbes deputy editor. Stock investing has its own lexicon, its own unique behavior, and also its own culture. This can be very confusing and lead many investors to just throwing their hands up and randomly putting money in any fund because they don't know the difference. Sadly, there are several financial organizations that prey upon the ignorance of investors and encourage them to invest in much higher cost funds because the the sales-people get a bigger commission. Even worse, many groups deceive investors into thinking their funds are superior because they "actively manage" the investor's portfolio. Don't be one of them! BIGGEST 3 TAKE-AWAYS: 1.) NEVER invest in an actively managed mutual fund. NO ONE CAN PREDICT THE MARKET. You're paying massive fees (sometimes as high as 1%+) just to underperform. 2.) The MOST proven way to succeed with stocks is a low-cost index mutual fund. (These can be as cheap as .02% in fees! Checkout Vanguard) 3.) For more autonomy, efficiency, and less involvement, but slightly higher fees, consider a life-cycle fund or a robo investor (~.2% for life cycle, and ~.35% for robo investors) -Millionaire teacher - Andrew Hallam - the 9 rules of wealth you should have learned in school. -Retire before Mom and Dad - Rob Berger - the simple numbers behind a lifetime of financial freedom thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Today we talk with Eric Miller, the Chief advisor at Econologics, a company that caters specifically to helping practice owners with investment decisions. Eric shares his perspective on the decision to own a practice as well as his philosophy on investing. Some of us may simply be too busy, or have too little interest in investing to make it an extra side job. Luckily there are people you can add to your team if you feel you fit this description! https://econologicsfinancialadvisors.com/meet-our-team/ thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
More than 25% of majors have a negative ROI?! In this week's episode we evaluate an analysis published by Preston Cooper on the ROI of going to college. Challenge the myths you hear about higher education and evaluate the ROI of college from a finance perspective. Be sure to check out the full article below! It also provides some useful information on specific institutions' programs. https://freopp.org/is-college-worth-it-a-comprehensive-return-on-investment-analysis-1b2ad17f84c8 thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
The Build Back Better Act is currently making its way through congress and has passed through the house at the time of this post. Be aware of changes such as death to the backdoor roth ira (after tax roth conversion). Generally the changes affect the Decamillionaires, but these will affect you to if you planned to use them in your FI strategy! Keep a finger on the pulse of what could eventually end up in the law. https://www.forbes.com/advisor/retirement/congress-to-end-backdoor-roth-conversions/ thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Ever wondered if you were able to choose where your money is invested rather than have it go into an IRA and invested blindly? Believe it or not you can invest in anything from islands, to racehorses with a self-directed IRA while still offering tax advantages. Mindy Gayer shares with us how she helps create customized investment porfolios of both ordinary and extraordinary assets. You can reach Mindy Gayer at; email: mgayer@theentrustgroup.com phone: (615) 900-4015 https://www.theentrustgroup.com/?utm_campaign=Education%20-%20Individual%20Investors&utm_source=Gold_Crown_Podcast&utm_medium=October_Interview
For those looking to bridge the gap between early retirement and standard retirement ages, SEPP IRA may be the perfect solution! This episode goes over some of the pro's and con's of agreeing to a Substantially equal periodic payment system with your IRA. While we have no formal ties with other organizations, the Mad Fientist posts on SEPP IRA are fantastic resources. thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
This week we discuss a book called Early Retirement Extreme by Jacob Lund Fisker. If you've ever wondered how aggressive one could get cutting expenses, Jacob gets a gold medal. He reportedly can survive off of $7K a year and could be financially independent for over century if he never worked again in his life. Even if you don't plan to be as intense, this book undoubtedly can convince you that expenses can be cut juuuust a little bit more. http://earlyretirementextreme.com/ For the spouse's finance retreat, visit: www.marriageandmoneymd.com
This week we discuss some of the more "risky" procedures that can be done by general dentists along with the benefits they can yield for the patient and the provider. The allure of doing 3rd molar extractions and placing implants must be tempered with an objective self-evaluation and consideration of the patient's well-being. The average dentist is sued 1-2 times in their career and advanced procedures routinely result in the highest lawsuits - even of $1M or more. It's vital to keep patients safe as well as yourself by not jeopardizing financial independence by practicing without malpractice insurance. Just like with everything else, careful planning can yield great success.
The book The Millionaire Next Door by Drs. Thomas Stanley and William Danko demystifies the popular image of millionaires and their spending habits. It also sheds light on how having the title of "doctor" might not leave you as well off as you might think. For those interested in financial independence this book is a must read. Want to share your wisdom to help everyone get closer to Financial Independence? Message at: thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
This week we present a 2021 article written by Dr. Paulo Costa, a PhD in economics from Harvard University with a BA in economics from Yale. He provides a current analysis of the 4% rule for FIRE. The 4% rule has assumptions built into it that may not make very-early retirements viable. Good news is there are things you can do to increase your chance of success by focusing on more generalized international funds with Vanguard and adjusting your withdrawal rate (link below). https://investornews.vanguard/fueling-the-fire-movement-updating-the-4-rule-for-early-retirees/ We'd love to share your progress towards FI! Reach out to us at: www.thegoldcrownpodcast.com thegolcrownpodcast@gmail.com
This week we discuss an unusual path for financial independence using the pension system for prison dentistry. While these may vary from state to state, some offer the option of working for only 5 years to guarantee a small pension for the rest of your life. There are many factors to consider if prison dentistry is right for you, but it never hurts to learn about all the options that could get you to retirement.
This week we discuss using mortgage notes as an asset class to build wealth and move towards FIRE. Martin Saenz is an experienced note investor, and he has published multiple books on the topic including Note Investing Made Easier, Note Investing Fundamentals, Cashflow Dojo, and several others. He shares his wisdom on how purchasing other people's mortgage debt can be lucrative even if they are not making payments. There are Many paths to FI! Where to purchase Mortgage Notes: www.Paperstac.com Share your wisdom on your path to FI by reaching out to us: Thegolcrownpodcast@gmail.com www.thegoldcrownpodcast.com
This week we have a dentist (with a fake name to preserve anonymity) who is 41 years old and has achieved FI. He shares his personal philosophies, savings rate, portfolio, and resources that can help you on your journey as well. He is a 50-50 partner in a practice and was generous enough to share his story with us! Wonderfully content rich episode that will feed your inner finance nerd. If you would like to share your story, we'd love to hear from you too! Send a message to: thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Howard Farran, the dental legend himself, joins us for part 2 this week on The Gold Crown Podcast - The Guide to Financial InDENTpendence. Dr. Farran is a DDS, MBA, MAGD, graduate of pretty much every advanced CE course you can imagine, an Amazon #1 best selling author of “Uncomplicate Business,” Host of Dentistry Uncensored, founder of Dental Town (which has over 250,000 members), was ranked incisal edge's 32 most influential people in dentistry, has published multiple articles, created media companies, and much more! Every dentist out there has something to learn from him, and he generously shares his thoughts on a wide range of topics. In this 2 part series we discuss the value of savings rates, minimizing expenses, developing personal finance and business awareness, and many other subjects. Enjoy! https://www.dentaltown.com/ thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Howard Farran, the dental legend himself, joins us this week on The Gold Crown Podcast - The Guide to Financial InDENTpendence. Dr. Farran is a DDS, MBA, MAGD, graduate of pretty much every advanced CE course you can imagine, an Amazon #1 best selling author of “Uncomplicate Business,” Host of Dentistry Uncensored, founder of Dental Town (which has over 250,000 members), was ranked incisal edge's 32 most influential people in dentistry, has published multiple articles, created media companies, and much more! Every dentist out there has something to learn from him, and he generously shares his thoughts on a wide range of topics. In this 2 part series we discuss the value of savings rates, minimizing expenses, developing personal finance and business awareness, and many other subjects. Enjoy! https://www.dentaltown.com/ thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
This week we learn from Michael Davis DDS, who has published articles on independent contractorships, and has testified as an expert witness on many malpractice cases. He shares the dangers of employers wanting to classify you as an IC, and explains why it's almost ALWAYS incorrect to do so! Dr. Davis is also active in his peer-review committee and shares many of the most common offenses dentists get caught with in malpractice/fraud. Being cavalier on this topic be the fastest way to sink your FI plans! www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
This week we finish the 2nd part of the conversation with Michael Dinsio on startups. He is not just a consultant who helps hold dentists' hands on the path to practice ownership with startups, but he also is the host of the startup uncensored podcast. Want to learn more about dental practice startups? Be sure to check out Michael Dinsio's webinar August 4, 2021, 5:30pm-7:30pm PST. https://www.nxlevelconsultants.com/blog/june-newsletter/ thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Active income is the fuel for FIRE, so it's vital to explore your options. Associating, acquiring, or doing a startup are all potentially successful strategies, and this week we discuss the most under-appreciated one: practice startups. Michael Dinsio is a dental consultant with next level consults, and he created the startup uncensored podcast where he shares his experiences guiding dentists to success in an uncertain and often complicated process. Stay tuned for Part 2! https://www.nxlevelconsultants.com/ https://podcasts.apple.com/us/podcast/start-up-uncensored-dental-practice-start-up/id1524809649 thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Ever debated taking CE over doing a dental residency? Been battling the balance of confidence and over-education? Andy has taken hundreds of CE (nearly 500 over the past 3 years) and has some insights to share about both the quality and quantity of CE that might be right for you. At the end of 2021, we'll publish a list of "must take" CE to best prepare you to up your production for FIRE.
In this week's episode I share some of the details of my 2 bed /1 bath SFH to 3/2 live in BRRRR. This is a real life example that you should listen to before considering to fund any kind of rehab (hint, it is always more expensive and takes longer than expected). It is always wise to be mindful of potential pitfalls and learn from others' experiences!
This week we speak with Sarah Catherine Gutierrez, a CEO, partner, and lead retirement plan specialist at Aptus financial. She also helps coach and guide both women (through lady-splaining money) and doctors to the ultimate achievement of financial independence. She shares her perspective for success, and SC also provides caveats on the limitations of traditional financial education and how vital self-education is! https://www.ladysplainingmoney.com/ https://www.aptusfinancial.com/sarah-catherine-gutierrez thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Profit First was originally written by Mike Michalowicz, and the field of dentistry was lucky enough to have our own version recently made by Drew Hinrichs and Barbara Stackhouse called Profit First for Dentists! In this week's episode we review the book and how it may be beneficial to everyone (even if you don't own a practice!) Ensuring that you're paying yourself what you deserve is a golden opportunity to propel yourself towards FIRE by securing the vital and elusive "profit" first. This strategy can even be used in personal finance to ensure that you're maintaining an appropriate savings rate.
In this week's short episode we briefly discuss a recently released income report published by the ADA in April 2021. This report uses data from the Bureau of Labor Statistics (familiarize yourself with the dentist page if you never have). Knowledge is power, so go make it count! BLS Dentist Income Report thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
If differentiating yourself to your peers and patients is important, you may want to consider distinguishing yourself with a fellowship in the Academy of General Dentistry. This week we discuss obtaining a fellowship or mastership with the academy of general dentistry. While not mandatory, and not necessarily indicative of "success," it could be a valuable goal to achieve! https://www.agd.org/continuing-education-events/get-recognized/become-an-agd-fellow thegoldcrownpodcast.com
This week we discuss some of the most valuable resources in selecting a market to invest in especially when it involves multifamily real estate. Whether you're interested in real estate investing on your own, or with a larger syndication group for passive income, the free reports from IRR, Marcus & Millichap and the Milken Institute should provide valuable information in your investing journey. Enjoy! Want to be a guest? Message: thegoldcrownpodcast@gmail.com
Chad Carson is the author of Retire Early with Real Estate published by Bigger Pockets (one of my top 5 favorite books of all time. I consider it a MUST read). The book beautifully ties together the concepts of early retirement and real estate investing for newbies. Many of those featured in the book hit financial independence at age 28-40! Coach Carson's family is full of dentists, and as a result he is able to provide very specific knowledge that many dentists need on investing in real estate. Be sure to visit him at his youtube channel where he provides free education below: https://www.youtube.com/user/CoachChadCarson www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
This week we discuss some solutions that you may have run into with mint as well as how to create an income statement and balance sheet to give yourself a more accurate understanding of your finances. If you or anyone you know would like to be considered as a guest, contact below. thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
Choosing a place to practice can be a stressful decision and with poor planning can even lead to working twice as hard to make half as much. But fear not, there are resources to help! This week we discuss the recently published report from the Bureau of Labor Statistics on General Dentistry's saturation, total employment numbers and average annual incomes broken down by state and county. The report is free and covers the previous year (2020), so be sure to use it as a resource in your due diligence at www.bls.gov.
This week host Dr. Andy Reichert shares some quick tips drawn from recent visits to practices found via off-market mailers. Each practice has its own unique situation not just with the business itself, but also with its staff and owner dentist. Stay tuned for future updates and happy hunting! https://thegoldcrownpodcast.com/
This week we welcome Dr. Lyon Hamburg, a very distinguished endodontist who got his DDS from McGill University, Certificate from Tufts, and even was a part time dental instructor at Harvard University. He shares his journey to financial independence and how impactful learning about investments early-on was for him and how it can be for you too. Despite the cat and construction sounds on my end, this is a fantastic episode worth a listen! If you or someone you know would like to be a guest, please message at: thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com
This week is part 2 with Dr. Brent Lacey, a physician who is the CEO of the Scope of Practice. He helps coach healthcare providers on not just in practice management and leadership, but also personal finance. Today Dr. Lacey generously shares his coaching philosophy on work-place culture and team-building. Be sure to listen to The Scope of Practice Podcast (one of the top medical podcasts in 2021!). Many dentists describe their biggest challenges as not clinical procedures or speed, but actually managing staff. There are some great take-aways in today's episode that can help with that very struggle! A harmonious team is a much more reliable recipe to achieve success in practice, and success in practice is jet fuel to achieve Financial Independence. https://www.thescopeofpractice.com/ www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
This week we speak to Dr. Brent Lacey, a physician who is the CEO of the Scope of Practice. He helps coach healthcare providers on not just in practice management and leadership, but also personal finance. Dr. Lacey generously shares his coaching philosophy on debt and budgeting. Be sure to listen to The Scope of Practice Podcast (one of the top medical podcasts in 2021!) Stay tuned for part 2! https://www.thescopeofpractice.com/ www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
This week Pancham Gupta, the host of the Gold Collar Investor Podcast, shares with us the perspectives of other high paid professionals seeking financial independence. We discuss the pro's and con's of investing in alternative investments and how being an accredited investor is beneficial. Pancham came to America, became a successful engineer and then found even greater success in investing. He is absolutely worth a listen, and be sure to take a look at his work at thegoldcollarinvestor.com! thegoldcrownpodcast.com
This week is the 2nd part of the interview with (retired) Dentist Doug Carlsen, an expert on dentists retiring perhaps more than anyone else! Dr. Carlsen has an extensive history of article publications with Dental Town, Dental Economics, and has presented on dental retirement on his own YouTube channel as well as multiple conferences. See what qualities retiring dentists developed to attain their level of success (some even well before age 50!). Be sure to listen to Part 1 first, and enjoy! As always, your time is precious, so make it count. https://www.youtube.com/user/DrDougCarlsen/videos www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
This week a true legend in the dentistry retirement space joins us! Dr. Doug Carlsen spent large portion of his career lecturing at conferences, and he has published extensively with Dental Town, The White Coat Investor, and Dental Economics on dentists retiring (even before age 50). What characteristics do wealthy and successful dentists exemplify? How can we learn from them? Dr. Carlsen has also created his own You Tube channel where he shares his research on multimillionaire dentists and how you can RETIRE EARLY. You'll get a ton of value from the studies Dr. Carlsen has done in the dental retirement space. Stay Tuned for part 2. https://www.youtube.com/user/DrDougCarlsen/videos www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
Mark Grossman regularly practices dentistry and contributes articles to McGill University in Canada. Today, he joins us to debunk the myth of dentists having the highest suicide rate of all careers, and he shares best practices for maintaining your own mental health. After all, you can't enjoy the time FIRE affords if you don't preserve both physical and mental health. www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com https://www.mcgill.ca/oss/article/health/dentists-and-suicide-look-numbers
We had a 42 year old anonymous listener who is 1 year away from retirement offer to share his recommendations in a blog post. He has requested to remain anonymous, and generously shared his perspective. Here we highlight some of the big points in his writing. We hope to have him back on 1 year after he's publicly announced his FIRE plans! Be sure to read the full article at thegoldcrownpodcast.com
Today we discuss the history of inflation as we know it, as well as the hidden truths behind the national debt and how it impacts your ability to retire early. Today we face challenges that many did not have to worry about in previous generations. Be sure to listen in for strategies on how we can push back against the current and make way to FIRE!
Syndications are a powerful tool for investors who desire a truly passive role as well as good returns. Camilla Jeffs makes it her profession to create these investment groups in the fields of assisted living and apartments to benefit all the members. Be sure to listen to learn more about syndications as well as the importance of being an accredited investor. Be sure to visit her website below if you would like to contact her. thegoldcrownpodcast.com https://steadystreaminvestments.com
This week Justin Martin joins us to discuss how selecting a financial advisor could help in your pursuit of FIRE. He discusses the value of a fiduciary and how to verify if an advisor is a fiduciary. While investing philosophies may differ, there is a clear way forward to retirement (and storm chasing if you choose to) We're only as good as the team that counsels us, so make sure to build a strong one! Justin@legacywealthmg.com thegoldcrownpodcast.com
This week we have a dentist who we'll keep anonymous and refer to the alias Dr. John. He shares with us his wisdom about investing and striving for financial independence, including how he was able to achieve an extremely high savings rate of 80%! He has a lower risk stance with a longer FI timeline, but he has a certain path towards FI! Some great practical recommendations on how to further your professional career are shared. Enjoy! thegoldcrownpodcast.com
This week I share a little about my journey so far in searching for a dental practice to acquire. Finding off-market practices is a great idea, but this does sometimes come with its own challenges. https://thegoldcrownpodcast.com/
© 2020-2025 Ivy Podcast Discovery LLC
