Podcast appearances and mentions of ryan isaac

Ryan Isaac of Dentist Advisors returns to continue his discussion with Kiera about the future of dentistry, including options aside from DSOs. The question a practice owner should ask themself, Kiera and Ryan say, is what that individual wants out of their life — then consider the best platform to get you there. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: Kiera Dent (00:00) Hello, Dental A Team listeners, this is Kiera, and this is going to be part two of mine and Ryan Isaac's conversation where we're digging into DSOs to sell to not to sell, all of that. And I truly am so excited for you guys here, part two. And as always, thanks for listening. I'll catch you next time on the Dental A Team Podcast.   Kiera Dent (00:17) why don't we take a pause and just think of like, what's the future of dentistry as now the future pioneers of dentistry? And what are we going to do to our profession? Yes, there's top dollar. Yes, there's things about it, but is there a way to influence?   and make sure that the integrity of dentistry can maintain long-term. I have no answer to that, but again, this is Kiera Dent sitting on my podcast where I think that there is a voice and an influence and like on Dentist Advisors podcast, is there a way that we can influence our industry in ways that will protect and still pay out? Because I'm like, even if you don't get the 10X EBITDA, you still can get a freaking great payout if you do your life right to where you can be financially set up.   Ryan Isaac (00:33) Mm-hmm. ⁓   Kiera Dent (00:58) still be able to sell your practice, not have to sell it in ways that could potentially hurt the industry. I'm not saying one's the right answer or the wrong answer. There's no judgment on my side. It's just, let's maybe think and consider how it could influence. Can we get people that could be private equity higher up that could help protect it? Those are things that, and again, I'm just Kiera Dent here in Reno, Nevada.   Ryan Isaac (01:03) Mm-hmm. Yeah.   Same, okay.   Okay. Yes. No, these are the questions.   You're totally influential. I think it's just in the opposite direction. ⁓ I don't think we can influence private equity. Private equity is ruthless in every industry. They don't. It feels dirty. It feels dirty. And I have a question for you, but I just want to say really fast. ⁓ I do feel like, yes.   Kiera Dent (01:30) It's dirty. It's dirty.   Is there a way though, Brian, you   don't finance better than me. Is there a way that there could become dentists that could become in private equity where they own it? Because once you, there's no way to insulate, you don't think. Because once you get to that level, you just, I mean, I've had.   Ryan Isaac (01:44) Yeah, but they'll do the same thing. I mean, they'll want the same thing.   Now, money's money. It's why capitalism runs   the world. mean, that's why, you know, it's like why it influences politics and money and business runs the world, you know? ⁓ Okay, hold on. There's so many good things here. Number one would be not every group will be a DSO, private equity backed DSO. And you know, many, many ⁓ clients and just dentists around the country who will end up being owners of   Kiera Dent (02:05) Okay.   Ryan Isaac (02:19) 20, 50, 100 group practices that will stay privately held and ran by owner doctors. That will be a chunk of this ⁓ group practice ⁓ takeover. So in that space, the influence can still be huge. ⁓ I think the chance to influence the integrity of private practice is in those who don't sell to DSOs.   I think it's in the industry, educated in influencing the industry for people who aren't going to sell and who are going to maintain control. Now, I do think that in the future, more and more dentists will be in a group. ⁓ are probably, yeah, be fewer and I can see why it would make sense to do that. There would probably be fewer and fewer people with just solo doc, solo location practices. know, some towns and rural places, that would be hard to do.   Kiera Dent (02:47) Mm-hmm.   I do too.   Ryan Isaac (03:15) So I think you're Dorothy, is that what you said? I'm Dorothy. I think that is possible, not with private equity, but with still the owner doctors that still exist and the group practices that are ran by dentists, not private equity back. I think the influence is still gonna be, I mean, if you took the projections of what will stay private,   Kiera Dent (03:20) Yeah, hi.   I agree.   Ryan Isaac (03:40) and then the chunk of the group stuff that'll be non DSO non-corporate, that's still got to be 40, 50 % of the industry eventually.   Kiera Dent (03:49) I would think so.   I mean, look at it right now. There's corporate dentistry within. And again, there's nothing wrong with any, because I have clients that are in corporate dentistry that run their practices like private. They take care of their teams. So it's one of those things I still think, like even if you are, and that's another way that we can influence this, if you are part of a private equity-backed DSO, you can still influence your practice. You're still the dentist working in the practice. You can still run culture. You can still run change.   Ryan Isaac (03:59) Totally. Absolutely.   Yes.   and hit it.   Kiera Dent (04:16) ⁓ I know the doctors I have, they're part of a very large group corporate and things that we have done together, like I work with them, they're my only corporate practice that I work with, but we have literally influenced the top tier CEO. They've asked what these offices are doing differently. They're taking things that I've helped bring into the practice and they've asked like, what's changed in your practice? Like we hired this girl who teaches us to run it like private practice. Their culture's incredible. We're even right now petitioning up to the top people because they're writing off things that you can actually   bill out to insurance that they're making them write off when it's like, actually, no, we can bill it as a non covered service and actually have the patients cover. So I'm like, I do still think whether you're in private equity, but I think you've got to be a strong enough doctor where you advocate for the rights of your patients and the rights of your practice. And I'm super proud of my client who does this because her and her husband, they go to bat and they're like, they write some pretty direct emails to the CEO of this and say like, hey, and they're a big enough force. Cause I mean,   Ryan Isaac (04:55) Mm. Yes.   huh.   Kiera Dent (05:15) They're the top tier practice in their area. have them making like, we are adding multiple millions to their offices every single year. But I'm like, I think that's also how dentists, even if you're in private equity, even if you're in group practices, I think at the end of the day, are clinicians and clinic, like you are, you are the product. And I think that they have, I think dentists have more say than they might realize that they do to influence the industry and keep it more positive and more ethical than it could be otherwise.   Ryan Isaac (05:38) Yeah.   Yeah, I totally agree. I totally agree with that. We all know people who are in those group models that are still running like amazing, almost privately held practices. The other thing that's interesting that's different than medical, because it always gets compared to the medical field consolidation that happened, is medicine has a distinct difference and advantage in that they have hospital systems where gigantic campuses where they can house hundreds of doctors in one place, right?   It's just not that's not a thing in dentistry, which I think will will force it to stay a little unique, different than medical, because you can never have a giant campus building with, you know, 400 dentists. Yeah, like 500. I mean, I don't know. I guess never say never some some group might invent that and you know, like the dental campus of the city. I don't know. Yes, it's possible. But it seems a lot less likely. Yeah.   Kiera Dent (06:18) Mm-hmm.   500 off, you imagine?   Say hi.   I mean, dental schools have a lot, but   I'm like, okay, I think the piece that would be really hard is to justify 500 beds, like 500 ops. You've got your hygiene that's cranking. So you gotta have, in a 500 bed, would need, like, we can only see 500 patients a day. so you can only see if it's 500 a day, that's how many patients you could actually see. I don't think that would be a full city, and we're basically taking over whole city.   Ryan Isaac (06:55) Yeah.   No. Yeah.   Kiera Dent (07:03) And then you might   not be pulling out that much dentistry outside of all of that to be able to fill that many doctors in their schedules. Cause so much of it's hygiene run, it's like a two to one ratio that I think that would be the zone. ⁓   Ryan Isaac (07:07) No.   I love this analysis. Yeah, I   couldn't go that far, but there you go. That's exactly right. So I do think it'll stay different enough in nature because of that. ⁓ And yeah, I, to go back to the, love your question. We've been kicking this around a lot in dentists advisors and I want to reiterate the same thing. There's no judgment here. There's no right or wrong. For some people, it's absolutely the best decision to exit with the DSO and just find the right one. Take your time. ⁓   Kiera Dent (07:19) There you go.   I agree.   Ryan Isaac (07:43) to go through the deals with someone who really knows what deals look like, not just a friend or a CPA unless that CPA is looking at hundreds of deals. Call Brandon, right?   Kiera Dent (07:51) Seriously, I'm like, why? He's got like every flavor of ice cream available of DSOs for you. And like, what are your goals with your financial advisor? What do you need to retire? And then you make sure that the deal is going to actually get you that because like you said, Ryan, it's your greatest asset. And that's where to me, it breaks my heart when people do this. And I was actually, when we were talking about assets, ⁓ there was a stress test portfolio that I heard at a conference that I thought was really awesome that I think about often. so thinking about when you said like, we're investing into this stock.   Ryan Isaac (07:59) Yeah.   That's it.   Kiera Dent (08:20) portfolio, like we're basically putting so much of our biggest asset and so many of our dollars into one single stock. And they said, just stress test your portfolio. If my two biggest portions of my portfolio. Okay. So the two biggest portions right now. And I think about this often, even you and me, Ryan, if those two asset classes dropped yesterday, cause I always do like, if they dropped tomorrow and you're like, well, I'd freaking move things. No, if it dropped yesterday, so there's nothing you could do. Do you have the staying power for things to recover? So like, I don't need to liquidate my assets.   Ryan Isaac (08:24) in one single, yeah.   Mm.   Kiera Dent (08:50) can still have income from our other assets and buying assets that are down. So looking at that, and I think about that often, like, so if your biggest ones are in the stock market and in your DSO and both of those dropped yesterday, like that's all that's gone. Could you still be okay? And if not, maybe look at other ways to diversify that portfolio. I'm not an advisor, Ryan. So you speak to like, if you agree or disagree on that, because that's my thoughts on it.   Ryan Isaac (09:11) Yeah.   Although yeah, no,   that's a really ⁓ logical way to look at stress testing something. If the stock market disappeared as a whole yesterday, all, yeah, well, we just, every publicly traded company in the entire world would be gone simultaneously. We would all be in so much trouble. Like we just wouldn't have cell phone service or gasoline or, you know, like a million things. Yeah, for a minute.   Kiera Dent (09:26) You say that we're all gonna go to the apocalypse, like.   Good thing you're by the ocean. You at least have a good time there, Ryan. I need   to get out of Reno, Nevada for that one year fact alone.   Ryan Isaac (09:44) Yeah, yeah. For me, yeah,   it would work for a minute, but then we would have no grocery chains, there would be no shipping distribution, there'd be no trucking, there would be no like, you know, we'd be done within like a week. You know what I mean? So, but you're the logic of it is true. It's almost like what if we just looked at stress testing a deal, you know, and you said there's usually three parts in a DSO deal, there's the cash up front, there's usually some kind of earned back, or bonus system, that's usually a smaller piece. And then there's the equity piece.   And if one of those didn't exist, if one of those dropped off, what would this deal look like? And I think the question we have to ask is if the equity didn't hit, you know, if they don't get returns on multiples on their equity, like they're projecting and always, of course, the projections are huge, you know, always, always. If this does not come in like you expect, let's just say it's half of what they expected that which would be probably fair to say, or it's all you do is get your money back one day.   Kiera Dent (10:32) always.   Ryan Isaac (10:43) What does this now look like to you? Is this a survivable thing? And is this even something you would be interested in doing? But again, you said this before, I've been saying this, go talk to someone who knows what these deals look like, like Brandon. I'll give you an example. with a client a few weeks ago who had an offer. They were getting a lot of pressure from the group where this came from. They were kind of involved in like, well, I won't even say it. It was just a group of people of other dentists that were kind of pooling practices together. And this buyer,   Kiera Dent (10:50) you   Ryan Isaac (11:14) just a lot of pressure, a lot of hype, right? A lot of hype. And the deal as the details started coming through started smelling really weird. And even he was just like, I don't know. He talked to Brandon for 30 minutes and it became so obvious so quickly how bad this deal was. And now he's pushing the brakes a little bit. He's going to ramp up his profitability, work on the practices some more. He still wants to consider a sale, which is great with that's fine if that's still what you want to do.   Kiera Dent (11:38) Yep.   Ryan Isaac (11:43) But I think that conversation probably just saved him millions of dollars, literally in 30 minutes of conversation. So just talk to somebody, please, about these deals. There's every flavor out there. There's so many ways that they can twist and bend these things. And yeah, there's just a lot of moving pieces in there. So just be careful. Yeah, just talk to someone. Be careful.   Kiera Dent (12:02) I would like, and what   you said, also think like, make sure that you're also selling it for top dollar. This is something I really love about working with you guys, working with clients is if we know that there's a sell on the horizon, think one of the best things you can do is truly like pulling a consultant, pulling somebody. And like I was talking to a doctor the other day and they're like, KK, we want you to come in and help us like with our systems, but they're selling in a year. And I was like, well, respectfully as your consultant, I'm not going to sit here and deal with systems.   Ryan Isaac (12:13) Yes.   Please.   Kiera Dent (12:31) If you're selling to a DSO, odds are a lot of those systems they're gonna bring into you anyway. Our best thing we can do is make your life easy right now, boost your production, reduce your overhead, increase your EBITDA so you get top dollar on the sale while making it like amazing. Like we'll still put systems into place. We'll still take care of your hot fires with your team right now. But like, why not go, it's like, if I know I'm selling my house in a year and if I did a few things to make it exponentially higher.   Ryan Isaac (12:32) .   Yeah.   Kiera Dent (12:56) in the next year of my sell, why would I not do that now? And for us, it's not even like a house where I'm just painting the walls. We're literally boosting your production. We're pushing your overhead down. We're helping your whole team get on board for that. So that way your asset really is the best asset you can get. And we're not doing it in a hard way. So I know it feels like a push, but just know Dental A Team's way is ease. So it's like, it's going to be an exponential growth for you, but with like ridiculous ease. And most of our clients, we just did a huge study across the board of hundreds of our clients.   Ryan Isaac (13:13) Mm-hmm.   Kiera Dent (13:24) And on average, they're seeing a 30 % increase in their production and a reduction in their overhead within their first three to six months of working with us. So like even if you have a year or two year timeline, that right there, so getting the right deal, making sure you're selling it at top, like squeezing the juice out of every single thing we possibly can get out of your practice. ⁓ But then also I feel like what happens in that scenario, Ryan, I see it all the time, is when we come in and we like powerhouse it up with them.   Ryan Isaac (13:34) Thank   Kiera Dent (13:51) They're like, wow, I'm working two days a week and I would make what this DSO was going to offer me and I don't even have to work. Why would I get rid of this practice right now to the DSO? That happens more than I can tell you because it's like they didn't realize it could happen this way. And I'm like, just tell me what you want. Like you want the DSO, you want to work two days. Why don't we build you that right now and like keep the asset that you've got and sell it when you want, which is going to make you the same amount of money as the DSO, but it's on your terms.   Ryan Isaac (13:59) Yes. Yep.   all the time.   Kiera Dent (14:20) So I think that like people don't realize that you can have the benefits of the DSO today. I think the only piece you can't have like, but I give air quotes on can't is like, you still are an owner, but I'm like, there's literally ways for you to sell to partners, have it pay out to you. And you can actually get rid of that ownership piece if you don't want it ⁓ and still have it be the same type of a deal. I think like, don't forget that there's also deals outside of DSOs that you can do internally. ⁓   Ryan Isaac (14:26) Yep.   Kiera Dent (14:48) but it is shocking Ryan how many practice, like I had a doctor and he's like, Kara, I'm going to get 5 million for my practice on this. And I was like, rock on in two years, we literally will make you 5 million net post-tax in two years. was like, literally, and that's net that's post-tax like in two years. I was like, this is not a good deal for you financially if you're going after the financial dollar. So I think just be smart with how you look at this because I don't know, right. And you do it to me all the time. You're like, Kara, yeah, go sell.   Ryan Isaac (14:58) That's what you're make in two years of income. Yeah. Yeah.   Mm-hmm.   Kiera Dent (15:17) but you can also just get the life you want and have your practice and your business run differently, why not consider that scenario too? So I think.   Ryan Isaac (15:19) Yeah.   Yeah, I'm,   yeah, okay. Sorry, finish your thought. I just like what you just said. I just love that. I was gonna ask you this exact thing. I was gonna ask you this exact thing. I was gonna say, Kiera, aren't there ways someone could step back and pause and say, why am I interested in selling to a DSO and then just try to create it through the work you guys do easily?   Kiera Dent (15:27) Okay, so yeah, take it.   100 % and right you do   it to me all the time. You're like Kiera. Well, what would you want your life to look like if you were to sell it? I'm like, I would care if you stopped if you sold what would your life look like? And I'm like, I do this. I do this. I do this. You're like, all right, then why don't we just make your business do that today? I don't think people realize how like you can manipulate your business to truly support the life, the finances, everything you want. Like it's shocking. I'm like just basically give me the North Star and we will manipulate the entire thing for you.   Ryan Isaac (15:59) Just do it.   Yeah.   Yeah.   Kiera Dent (16:14) in ways you didn't even know. like, I need Ryan to know our North Star where we need to get. Then we break it down to your, like what lifestyle you want to have. And then we just crank, like, it's like shake and bake. It's such an easy thing for us to do. And we're still doing it with like amazing ethics. It's under your control. It's your culture. It's your business. It's your life. But I mean, I have a doctor who's producing over 5 million a year, working two days a week, taking home DreamPaycheck and they were going to sell it to a DSO. And I'm like, it took us two years to get them to the offer.   and they're like, they're so happy and they're able to now, like you said, I think one of the best pieces on this is they got everything that they would have gotten from the cell. But in addition to that, they didn't lose everything that they've built to where now they can go build and create, like you said, the two day a week practice where they're having it, but they've kept their huge asset over here. And so I just think like, I don't know. I feel like there's so many more options on the table than people necessarily think there are. And so.   Ryan Isaac (17:03) Mm-hmm.   Kiera Dent (17:12) Maybe don't listen to all the noise, be the smarter. It's like when everybody's doing X, maybe there's a Y that would actually benefit your life.   Ryan Isaac (17:16) Yeah. A million percent.   Yeah. I mean, Warren Buffett has a quote around that. It's a little bit different with stock market buys and sells and greed and fear. But yeah, that's exactly it. Yeah. I love that you said that. I assume. What are we like 45 minutes already? I assume that you probably want to wrap this thing up, but I wanted to end it with that exact question you went there, which is like, can't we do this? Can't you? No. I mean, that's not the job we do. The Dental A team can help design.   that what you're trying to accomplish that you think some private equity firms gonna come in and give you. And again, let's all just remember, private equity firms, ⁓ they don't love you.   Kiera Dent (17:57) It's true.   Ryan Isaac (17:58) They love your money   and they are not stupid. There's a reason why they gobble up every industry in the economy is because they make us believe they're just giving us sweetheart deals. Like, they're gonna give us so much money. Isn't it so crazy? Like, no, they're really smart. They're gonna get so much more money from you than you're gonna get from them. So if they want your thing so bad that they're gonna chase you down and send you offers and every time you decline, they're gonna be like, okay, wait, what about this one?   Kiera Dent (18:15) They are.   Ryan Isaac (18:26) They want it so bad. You must really be holding something really special. So how can you make that thing become your dream scenario without having to give it up? First, just consider that again, no judgment. There is no right or wrong. Maybe that is your path and that is best for you. Great. If you do the work and the, you know, the research and you're just sitting and you're asking smart people like here in the Dental A Team, you know, about all the details and you're asking yourself why through all this process, that's just, that's the whole thing. So I'm glad you   Kiera Dent (18:31) Mm-hmm.   Yeah.   Ryan Isaac (18:56) Assuming we're ending it soon. I'm glad you ended it with that because that's what I was thinking about   Kiera Dent (19:01) Well, and I'm glad I'm going around the same beach because I feel like DSOs can be such a buzz. I think it's, I don't know. I just thought about, I remember when Jason and I were graduating from pharmacy school and we had a lot of debt on us and it was so tempting to go the 10 year loan forgiveness plan. So tempting. And Jason and I decided like, Hey, we don't want to like hope and bank that in 10 years, we're actually going to get all this paid off.   Ryan Isaac (19:07) yeah.   Mm-hmm.   Kiera Dent (19:29) And if it doesn't happen, what's it going to cost us at that point? And so we elected to just go for it to pay for it and to basically have it like, it's within our control rather than someone else holding my future. And I think that's how I often live my life of like, is there a way that I can get my dream life or I'm not banking on someone else holding up their end of the deal, hoping and praying that their equity makes it and it's something that we can actually do with ease? Why not do that?   Ryan Isaac (19:33) Mm-hmm.   Kiera Dent (19:55) Ryan knows it was a huge issue with me and Jason for about a year to pay off his student loans, but the growth and the life that we were able to achieve that we wouldn't even be done. We still would not even be done with our debt right now. And it would have ballooned and not all of the debt's being eliminated. Like there's so many things around these loan forgiveness programs that I think about that with DSOs too. You have so much banked in, the hope, the promises, like everything has to go right for this huge multiple to have it there.   Ryan Isaac (20:07) yeah. Yeah.   Uh-huh.   Kiera Dent (20:24) Is there maybe a few other paths that you could look at that might get you what you ultimately want, give it to you with more control on your side, and also be able to allow you just more flexibility and freedom. Again, no judgment. think what Ryan and I are trying to bring to the table is maybe just consider looking at things differently to see what's the best path for you. And I say like, right back at you, Ryan, use your financial advisors, know what your magic number is, know what you need, and then figure out which option is going to be that.   Ryan Isaac (20:48) Yeah.   Kiera Dent (20:52) while also providing you the dream life that you want. So Ryan, thanks for the riff today. It was a solid time.   Ryan Isaac (20:54) Yep. Thank you.   It almost felt like planned. was so smooth.   Kiera Dent (21:01) So, mean, it does help when we're good like peanut butter jelly. Like we're very aligned on how we see, that's why I think our clients work so well together because like Denali team clients going to Dentist advisors, it's amazing. We think on similar investment strategies and like just the planning and the protecting clients. And on the other side, it's, Hey, here's our financial number. Denali team literally can like give the gas and give the pieces to it of tactical. So thanks Ryan. was a good time.   Ryan Isaac (21:04) Yep.   Hmm.   We all want to do. Yeah.   Yeah. Yeah. We want to grow and protect that business and make it, you know, it's your whole life. Make it as good as you possibly can. You guys are so good at that.   Kiera Dent (21:34) Great.   Well, Ryan, if people are interested in connecting with you, how do they get connected? Because again, I think for me, before I even talked to DSOs, I always tell them like talk to your financial advisor, figure out your project number. That way you actually can then have even one filter on what deals you're looking for, what plan you need your business to be. So Ryan, how do they connect with you?   Ryan Isaac (21:41) Yeah, totally.   Million   percent. So I'll always say friends of the Dental A Team always can email me directly. I'll always have a conversation with anyone no matter what you're looking for. You don't have to be trying to hire a financial advisor. You might just have a few questions and I will always get on the phone and talk to someone. Just email me directly if you ever want to. Ryan at Dentist Advisors dot com. It's with an O.R.S. You can all just also just go to our website dentist advisor dot com. have   probably thousands of hours of free content on there, podcasts, articles, webinars, everything. You can book a consultation with our whole team there at any time. go learn as much as you want, listen to anything, tons of free stuff on there, but that's the best thing. I'm always happy to have a conversation.   Kiera Dent (22:29) It's amazing. And just so you know, Ryan does not take very many clients. So that's why I love him being on here. He's one of the founders. I think Ryan's one of the smartest people I've ever met. So definitely take him up on it. I know tons of our clients love meeting with Ryan because Ryan will tell you like, Hey, you don't need me or Hey, here's someone better for you. So I think it's just like, you're just an incredible human who ultimately cares and loves about these dentists, which is why I just appreciate you. So check him out. Yeah, of course. And for everyone listening, thank you for listening and we'll catch you next time.   Ryan Isaac (22:31) Yeah.   I do. Yep, I do. Thank you. Thank you.   Kiera Dent (22:59) the Dental A Team Podcast.  

Kiera is joined by Ryan Isaac of Dentist Advisors to dive into DSOs. They discuss such questions as: Are they the best financial choice for your practice? The best life choice? Are the horror stories true? And so many more. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: Kiera Dent (00:00) Hello, Dental A Team listeners. This is Kiera and I am freaking jazzed for today's podcast. It has been way too long. Me and this guest talk quite often on like life and personal and business, but podcasting it's been a hot minute. I've got Ryan Isaac from Dentist Advisors, my personal advisor, one of my dearest friends. I think we're siblings in another life. Ryan, welcome to the show today. How are you?   Ryan Isaac (00:07) Mm-hmm.   Thank   Thank you.   I'm really good. just realized I was trying to hit mute and cough, but I hit like a chapter marker instead. So there you go. To your listeners or your ⁓ editing team, then there's a chapter marker while I'm coughing. So in your intro. Yeah. Tis the season.   Kiera Dent (00:35) You're welcome. Yeah, that's fine. I'm   okay with it. This is real life. We're sitting on, I mean, Ryan, you're sitting on the couch. I should get like my posh chair. I've been considering changing up my podcasting zone. Yeah, of course. All of us can see it. We're excited for that.   Ryan Isaac (00:40) Hahaha   Can I show you? Can I just give you a little vibe check here? I mean, it's actually, that's   the ocean. I'm on a little summer getaway for a second. So yeah. Yeah.   Kiera Dent (00:54) my gosh.   That's amazing. So that's Ryan's   life. Ryan's living his rich life over there. He's like truly. So, okay. If you're new to the podcast, Ryan is my personal advisor. Like truly he actually works on. We talk about my life. He's helped me make some really good decisions and not make some bad decisions. So I feel like financial advisors. My best advice is you gotta just find someone you trust. And I know Ryan is way more conservative than me, but cares about me as an individual so strongly. And Ryan, huge kudos to you.   And so we talk about it a lot, but something we talk often is like, what's our rich life? And I remember Ryan for years, you were like living in your van, truly driving to California all the time to be by the beach, because you love surfing so much. So it just makes me so happy to see that you are living your best life by the ocean. You're doing what you teach all of your clients to do of living their version of a best life. Something that we try to do in dentistry and dental team too, like, hey, let's help your business provide you the best dream life you want. So that's Ryan.   Ryan Isaac (01:36) Yeah.   Thank you.   Yeah, yeah.   Yeah, thank you. And there's no there's no right way to do that. I mean, everyone has their own thing that's worth the money or worth spending on. We're just kind of joking around about this, too. There are people who will sit in ⁓ small rentals or apartments on millions of dollars because to them having lots of security and liquidity is more valuable than houses or everyone's got something different. But, you know, we're all we're all chasing it, hopefully.   Kiera Dent (01:57) Catch y'all.   I think it's called the like emotional ROI and what helps you sleep at night in your financial world. So Ryan and I usually get on the podcast and we'll talk about finances. I mean, obviously dentist advisors, Ryan do a spiel. What is dentist advisors? Just so people know. I think you guys are financial advisors for dentists specifically. I'm not a dentist, but I can speak honestly, but a spiel. And then we're going to actually go like a hard left turn of what we're going to talk about today. Like really.   Ryan Isaac (02:26) Ooh. Uh-huh.   Yeah. Thank you. ⁓   Yeah, yeah, our   on ramps coming up here really soon. We got to get over it. We got to get into the right lane. Dentist advisor started ⁓ almost A Team years ago now with me and Reese Harper. Shout out to Reese Harper. And yeah, we were dedicated to being ⁓ an independent fiduciary fee only ⁓ advisor for dentists to manage investments and give financial advice. Ultimately,   Kiera Dent (02:51) Yep.   Shout out to Reese.   Ryan Isaac (03:17) you know, a dentist path through school and debt and taxes and all the stuff they go through, ⁓ you know, buying a practice, building businesses. There's no reason why all of that should not pay off every it should pay off for every dentist. There is enough money to be made in dentistry. And so our job really and you kind of said this with the you know, in the intro, ⁓ I really do feel like just protecting my clients, you know, and that's a philosophy that we've.   built into our business. There's no reason why dentists shouldn't make it to the life they want and to the finish line financially. so, you know, ⁓ it's more about consistent, small, good decisions for long periods of time and avoiding like a few big mistakes that could derail you forever. So yeah, we have a custom financial planning process, ⁓ a lot of like reporting and data, and we just manage and track ⁓ dentist finances and make sure they end up in a good spot, safe and healthy and   Happy, hopefully.   Kiera Dent (04:15) which I love about you guys, Ryan, and I really think you guys do a great job. And this is something you've taught me. And we have a friend who said a great quote that I feel should be your quote. I can't give it like, so you can take it and like make your version. But they said like regular investing is like vanilla ice cream. It won't make anyone jealous, but it always tastes good. And I felt like that's such a great way to look at how you've taught me how to invest. ⁓ At the end of the day, it's just a small, consistent thing. So I think Dentist advisors does really well. And Ryan, something you've done for me. ⁓   Ryan Isaac (04:24) well. Okay, okay.   Mm.   Mm-hmm. Mm-hmm. Mm-hmm.   .   Kiera Dent (04:44) Like it's so dumb, but I know you're watching me and I know like when I, like you're really not watching me, but I feel like you're watching me.   Ryan Isaac (04:49) Yeah, well, let's   hold that disclaimer here for a second. I see your numbers. I see your accounts. I see your emails. Every time you save money, I'm like, Kiera, good job in the email thread. Gold stars. Yeah.   Kiera Dent (04:53) Like, I know he's not, like, he watches my account for sure.   That's   all it is. And I just know having Ryan there where I need to send it in every single month of what we're going to invest. We've talked about the plan has been such a game changer for me. So that's why I love Dentist Advisors. And like we said, we're now like taking our off ramp because Ryan and I want to talk about DSO sales. I think this definitely implies to a financial advisor. We have a lot of clients that we send to Dentist Advisors. We work such hand in hand with both sides. Like we love what you guys do. You love what we do. It's   Ryan Isaac (05:19) Mm-hmm.   Kiera Dent (05:30) Truly like the best peanut butter and jelly sandwich or whatever your favorite. If you want this to be meat and cheese, peanut butter and honey, whatever it is, I think it's the best duo. Yeah, exactly. That is the best. Captain Crunch, but would you rather Captain Crunch or Reese's? Or.   Ryan Isaac (05:37) Captain Crunch in 2 % milk, you know.   No. I would actually say   fruity or cocoa pebbles, to be honest with you. Or cinnamon toast crunch. Can we arrive there? Okay.   Kiera Dent (05:52) We both disagree on that. So cool. Okay, can handle Golden   Grahams or are we like back to the s'mores run? Remember the s'mores Golden Graham?   Ryan Isaac (06:00) Yeah, I do remember   the scores. How are we like not landing on the same one at all? What about honey butches of oats? Wow. Okay. ⁓   Kiera Dent (06:05) It's okay. That's fine. I'm not like the biggest serial fan and I go through phases. I love Lucky Charms, but I'm not joking.   Those marshmallows give me the chills. Like I can't crunch into it without it being like full body chills. So I don't know. weird. But back on this. So we've actually had a lot of clients that are debating of do I sell? I sell to a DSO? And I'm like, talk to freaking Ryan.   Ryan Isaac (06:18) Yeah, it's like biting Styrofoam. Okay. All right. Okay. Okay. Anyway. Yeah. Yeah.   you   Kiera Dent (06:32) I don't know what you want to do for your retirement. I have no clue how this is gonna impact you with your taxes. I don't know all the stuff, but what I do know is I'm a freaking miracle girl, so we're gonna get you top dollar for your cell, but like let's talk DSO. Cause also like DSO to not DSO, like I don't know Ryan, there's a million things. So let's Rift. You wanted to talk about this. I love this. Let's do it.   Ryan Isaac (06:41) Yes.   Yeah, yeah. Yeah,   well, and so you said something a few minutes ago about ⁓ dentist investments. And yeah, like our job is to help manage investment money for people ⁓ in a really long term kind of boring way, if we're being honest. But yeah, it's very yeah, it's just like it'll be there forever. Just let it do its thing. But the biggest investment any owner is going to have is their practice. And that is the thing   Kiera Dent (07:08) vanilla ice cream ish.   Ryan Isaac (07:18) is why you and a team is so important because the thing they should protect above everything is their practice investment, their business investment. There's nothing more impactful to a dentist's entire life and not just their money, but their entire lifestyle, probably their mental health, their wellbeing, where and who they spend their time with. So it is by far the most important factor in all of this. And so the world that we're in now is that   DSOs are an option to sell to, to work with, to become a part of. They are in some shape or form, you know, supposed to become the majority of the industry in the future. I think that's a broad category. think the category is more like group practice will become the majority of the industry. I'd love to hear what stats you've heard and what you actually see. think people talk about, you know, 60 to 70 % consolidation in the industry.   becoming some kind of DSO or group practice. ⁓ yeah.   Kiera Dent (08:19) Yeah, I was actually at an AI conference with   that just literally this last week. And they said that they're estimating 65 % of the market will become in the DSL world in the next like five to 10 years. So I think a lot of people are expecting, which is so funny to me because I remember, gosh, I think I was Mark, this is a long time ago, we were at the dental college. And so we're probably talking like,   Ryan Isaac (08:32) Uh-huh.   Yeah, okay.   Kiera Dent (08:46) 2018, 2019, I remember talking to the students, like, what do you think is gonna happen? And I'm like, I know I'm unpopular, because even Mark wasn't on board with this. And I'm like, I think I'm unpopular, but I'm pretty confident DSOs will be the future. And they're like, you're full of it. They're like, there's no way. And I'm like, I mean, I'm not emotionally invested in this, but if I look at what's going on, my husband's in healthcare. This is what happened to pharmacies. This is what happened to mom and pop shops, like for medical.   Ryan Isaac (08:57) Mmm.   Yeah.   Kiera Dent (09:14) I cannot think for one second the dentistry and with the EBITDA like offers that you're getting, it doesn't matter. And Jason, were talking about this the other night. I'm like, even if doctors want to have a legacy practice, that's great. You sell to this person, but this person now is younger. They have more debt and DSOs is like one bad day and this DSOs right on their doorstep. They're going to sell. Like it's just, I mean, you've got to some really strong guts around you to not think about a DSO. And I think DSOs,   Ryan Isaac (09:42) Hmm.   Kiera Dent (09:44) can often hit you at emotional times. Like Brian, you know me. There have been times that I told you like someone offered me a buck for Dental A Team, they could have it like one bad day. It's just like shirt. Like everybody has it in business ownership. So I think that that's where the DSOs are super attractive to people. But like I was talking to an office yesterday who's considering working with us and they're like have a one year buyout. And they're like, we're thinking about doing this DSO. And I was like, all right, but like what's your ultimate end game? What are you trying to achieve?   Ryan Isaac (09:46) Mm-hmm.   yeah. Yeah. yeah. We all have those days. Yeah.   Kiera Dent (10:12) you met with other people to talk about DSOs, there are other options and he's like, well, it's too big for these partners to buy. I'm like, well, it's actually not like there's ways for partners to buy you out if you want. think it's just, DSOs feel like the easy button, but I don't know if they're really easy. And I think that that's where I'm a little bit on the fence and I'm super jazzed for us to rift on. Is it really the best financial choice? Is it the best life choice? I don't know, Ryan, you know, the finances more than I do. just.   Ryan Isaac (10:14) It's on.   Mm-hmm.   Same. Yeah.   Yeah.   Kiera Dent (10:40) I do good job of helping people get their assets where they want them to be. So they have choices and options of what they want to do.   Ryan Isaac (10:42) You do.   Yeah, so I think, you know, it makes a lot of logical sense, especially the way it started with DSOs, that it would have gobbled up a lot of the industry. Hearing 70 % made a lot of sense to me. Maybe we're just in a dip in a lull, which we totally have become, we've entered into that because of the, you know, the debt and rate situation that happened over last few years in inflation and, you know, just interest rates. Money got really expensive. It was hard for a lot of companies to grow across a lot of industries.   And, uh, but, and I, I'm, uh, I want to say these statistics correctly, uh, from smarter people than me in the DSO space. I think there's something like maybe, you know, 350 to 400 technical DSOs in the country right now. And I've heard in multiple sources that up to a third of them are in some kind of financial receivership right now. Meaning, and I know you've seen this with clients too. DSOs have grown and they purchase and they borrowed money and then   rates hit them and they grew too fast. They went ahead of themselves and they defaulted. And ⁓ there are some major DSOs, huge ones that I did not ever think would happen that went into default that are going bankrupt that are changing ownership. ⁓ People are losing their equity money, they're not going to get their payouts. ⁓ And they're they don't own their practices anymore. I mean, there, we have some clients in that situation. So   Yes to the consolidation in the future of that because of just that's the nature of economy sometimes in industries. And I don't know if it's going to hit 70. I don't know. It makes me wonder. ⁓ Those multiples are down a lot than they than they used to be. And they'll probably you know, they'll probably fluctuate, come back up a little bit more when money gets easier. ⁓   Kiera Dent (12:22) I don't know anything.   Ryan Isaac (12:36) Also, I think people are getting a little bit wiser to it. Do you see this? I mean, let's say three to five years ago, it was the most exciting thing to get an offer sheet across your desk and be like, know, some multiple of you, but this is insane, I'm done. I do find people way more hesitant and not as excited about that number anymore. What have you seen with that when people see those initial numbers?   Kiera Dent (12:47) Made it.   think people are way smarter. think the grads coming out of school have been trained on business a lot more than say dentists 20, 34 years ago are trained and not to say dentists 20, 30 years ago weren't. I just think it wasn't like we weren't talking EBITDAs. You weren't selling like this. So you didn't there was no need for it. ⁓ And I think in the past, I think the reason people are more skeptical right now, Ryan, is because they're hearing the like horror stories coming through. So people are like, hold on. Maybe it's not as like   Ryan Isaac (13:12) It's different. Yeah.   Kiera Dent (13:28) rosy as it was. I honestly like DSOs might be a little bit of dentistry's dirty secret. Like there's a small piece of me feeling that way and not all DSOs I'm not here to blanket statement it, but I do think there's like, think the dentist is the one getting ripped off in the whole scenario. like, because Ryan helped me, this is where I, guys welcome. This is what Ryan and I used to talk about off camera, but I'm just going to like have the conversation here because I'm curious. So your clients, okay, so hold on.   Ryan Isaac (13:43) Mm-hmm.   Yeah, let's do it. Yeah, huh?   Kiera Dent (13:58) answer your question, no, they're not as excited about it. And also I think that they're being flooded with a bajillion offers. And so almost like overwhelm of who the heck do I have? Who do I trust? Who do I know? 400 DSOs out there. They're being bombarded every single day. I have heard dentists tell me they get four to five offers every single day of a DSO, which is why I'm like one bad day, you click open an email and like bottom, bottom, there you go. So I do think Bron and Man.   Ryan Isaac (14:02) Yes.   Yep. Yeah.   Yeah, you're done. Like, yeah, that's the buyer. Yeah, take it. Yeah.   Kiera Dent (14:22) Brandon Moncrief with Dental Transitions is probably the smartest DSO man I've met and I think you and I have circled. He's really brilliant on like who he knows offers that you can get like he kind of knows how to navigate the DSO world of what you want, which I think is awesome. But what I'm curious on Ryan. Okay, so you said you have clients. So when you sell to a DSO, there's lots of different makeups of how they can do these deals for you. But let's say there's I think the most standard one I usually hear is they pay you about 50 % of your practice is worth like you're giving it to them.   Ryan Isaac (14:24) Yes.   Yeah, I still send people there. Yeah.   Mm-hmm.   Kiera Dent (14:52) You also have them 50 % in equity in their business, hoping like with stock shares, hoping that it builds and that's like basically your payout. So it helps with tax. It helps with like future investments of the EBITDA. Those are the things that they're going to be dealing with. But my question is, so like your clients, they sold, they don't own their practices anymore. They're an associate there now ⁓ and they're getting paid. They don't have to do the management, billing's taken off of them, hiring, all that. But let's say these, so let's say I sold to Ryan Isaac DSO.   Ryan doesn't have a DSO just for clarity, but let's pretend I'm dentist. We got to make sure I don't want him getting in trouble. He's a financial advisor. So Ryan doesn't have it. okay, we're selling, okay, lies. We're selling it to Captain Crunch DSO. All right, let's just go safe. Captain Crunch DSO. Captain Crunch buys me. I'm now, I got my 50 % payout. have 50 % equity in Captain Crunch DSO and I'm now working as a dentist there, but I don't own my practice anymore.   Ryan Isaac (15:23) Yeah, just so we're clear here. Yeah, yeah. I've highly regulated. Yeah, might be in trouble for that.   Kiera Dent (15:49) Captain Crunch DSO is growing, growing, growing. Everything's looking good. I've got my stock in it. Captain Crunch loses its funding. They go bankrupt. What happens to me? Because odds are they go bankrupt. Another like lucky charms DSO is going to come buy Captain Crunch. Like they get a penny, dollar. What happens to me as the dentist when Captain Crunch goes under, but then lucky charms comes to buy me. How does that work for me as a dentist?   Ryan Isaac (16:02) Yeah.   Yeah,   I'm watching that happen right now with a gigantic national specialty DSO with some clients. And what has happened is that their equity money is likely gone. So they got their payout money.   Kiera Dent (16:19) Mm-hmm.   Even   with Lucky Charms coming in to buy it. My equity money's gone because it was with Captain Crunch. Do you love that I did cereal for you?   Ryan Isaac (16:28) Thank   I love it. It's so good. And I'm trying   to like, like who's more evil in this hierarchy, you know?   Kiera Dent (16:35) I think Lucky Charms isn't more evil. Lucky Charms is one who capitalized. They saw a dill. They don't care about the dentist. I'm not saying that they don't, but it's like hungry, hungry hippos. One goes out, someone's going to come buy it all. That's what they're going to do.   Ryan Isaac (16:37) Who's more well capitalized? Yeah.   Yeah.   Yeah.   Yeah, this   would be such a good question for Brandon again, and I'll just second that every time someone has questions about deals, or they want to compare things, ⁓ or get to know the space a lot more, I send them to Brandon. So just find Brandon Monacree, if he's on all over the internet and all of our content. Yeah, there you go. So it depends on the structure of the deal. It depends on the fine print and the paperwork. ⁓ In the ones I'm seeing right now, these dentists   Kiera Dent (17:04) dentaltransitions.com. Yeah, he's everywhere.   Ryan Isaac (17:17) lot, their practices are not there. So their practices are still gone. And they likely are not going to they're definitely not going to get any return on their equity. Some of them depending on how early they got in might get their equity back or, or parts of their equity back. But a lot of it's just, you know, when another company when a big financial company comes in to save a bankrupt company, it's ruthless, you know, I mean, they're they're cutting and they're scrapping   as much as they possibly legally can. they'll do that, of course, because that's good business for them. So what I'm seeing, and again, I'll just say that it's probably different in every single scenario of this. But what I'm seeing is one that happens. ⁓ These dentists are losing their practices, they're not getting any return on their equity money, and many of them probably won't even get their full equity back. Luckily, some of my clients that I'm thinking of were in early enough and the fine print of their deals was good enough that they're going to get some of their equity money back.   Kiera Dent (17:48) course.   Ryan Isaac (18:15) ⁓ that's it. They're done. So what really happened in that transaction was they got front loaded a certain amount of years of income, paid some taxes, paid off their debts and lost their practices and worked a job for three or four years at a very low salary compared to what they produce. ⁓ many of them got really burned out, bombed out, kind of lost their fire and spark for the work. ⁓   And they're back to square one. Some of them have enough money to be finished. What is interesting though is even the ones who have enough money to be finished are still contemplating starting or buying another practice where they can legally and doing like a really chill lifestyle two day a week thing. Really common. Other people will fully lose their equity. And in a situation, again, back to your point, a lot of people are   Kiera Dent (18:54) and   Ryan Isaac (19:05) Maybe it's not as excited about this. The multiples aren't what they were. Then they could come back. I don't know. A lot of people just say the longer this goes, the smaller the multiples will become, which is, yeah. No, we're definitely not. And so now we're talking about an offer where someone's coming to you to take away like your main, main asset, your cash cow, the biggest thing in your whole life. They're going to front load five or six years of income. You have to pay taxes and pay off your debt with that money first.   Kiera Dent (19:13) which I would agree on that completely. I don't think we're half as high.   Ryan Isaac (19:33) The deals that you mentioned, some are 50-50. I've seen them in thirds where it's like third buyout, third earn out where you have to keep producing and then a third equity. I've seen them 70-30, 60-40. They can really be any shape or size. ⁓ Yeah, but they're smaller. And so now we're talking about, you know, five or six years of front loaded income. You pay taxes, pay off your debt, and then you just hope that this company that bought you and essentially what's happening if you think about it.   Kiera Dent (19:48) They really are.   Ryan Isaac (20:02) You're taking like seven figures of money and you're putting it into a single stock. You're investing into a single stock and it's a very small privately held company. I know it feels safe and secure because it's your field, it's dentistry, know, all these things are, but you're taking seven figures of your money and you're putting into one single company where right now maybe up to a third of these companies are failing.   Kiera Dent (20:08) Thank   Ryan Isaac (20:30) It's not not a gamble, you know, and the whole kicker in all these deals, as you know, and your audience knows, Kiera is all in that equity piece. Everything else is just front loading your income for the next five or six years and taking away your ownership. And then, you know, really changing the nature of your career and your work. And it really does change people. It changes. And I'm not saying it's always for the worse, but it is change changes, teams changes, the patient experience changes, the culture and the vibe.   Kiera Dent (20:34) huh. ⁓ huh.   Mm-hmm.   Ryan Isaac (21:00) And so if that one little equity piece does not pan out the way that they say it's going to, ⁓ you know, that's the part that everyone's kind of wising up to. And if you're under, let's say, your late 50s, if you're younger than your late 50s, I think it's becoming a tougher decision for people to make. in late 50s or above, it's kind of like, I'm done anyway in three or four or five years. Might as well get top dollar.   even if the equity doesn't fully pan out all the way, it might be more than a private buyer. But even then, I've seen the math on a lot of things and like, it's close. And yeah, you've seen it all too. So yeah, it's tough. It's tough to watch the ones that fail. ⁓ Some of these, some of these, and you've probably seen, we're not going to name anybody, but you've probably seen them too. Huge practices, multi-location, huge DSOs that now...   Kiera Dent (21:25) Mm-hmm.   Agreed.   Mm-hmm.   Ryan Isaac (21:52) own these practices. And okay, here's a question for you. What do you think is going to happen, let's say 10 years down the road or longer, when all these DSOs have been bought by the next company and been bought by the next company? And then in the end, some like third and fourth party removed private equity firm, international private equity firms holding 10s of 1000s of dental practices around the country?   What is that like in the industry? mean, you're in the practice as you know that you're like in the heartbeat of that. What does that mean for the industry? What does that feel like? Does it feel weird?   Kiera Dent (22:27) It does feel weird. And I think this is where I've been, I don't know, Ryan, you know me. just sit over here and think of ideas all day long. I've been like, how can we like, hi, I'm Kiera. I live in Reno, Nevada right now. It's like, how can some, I feel like I'm like Dorothy in Kansas right now. It's fine. It wasn't the destination, but it ended up being, it's fine. It's got really great. No state income tax. All right. That's really one of the main reasons we're here. It's not.   Ryan Isaac (22:42) I like to write now by the way. Just a little shout out. like to write now. Yeah. Loud and clear. Yeah.   Yeah, fine. It's pretty in some seasons. There you   Kiera Dent (22:55) But it's okay. We have Lake Tahoe. ⁓   Ryan Isaac (22:55) go. Okay. Okay. All right. Okay.   Kiera Dent (22:59) But only half of Lake Tahoe because California owns the other half. So it's okay. But I've thought about it. like, how can, like, it's like I'm Dorothy in Wizard of Oz right now. It's like, how can we somehow influence these private equity firms? And there might be no way. But these are the questions I think of often, because I do think if we're not careful, it will radically shift the way dentistry is done. And it will turn into a business rather than into our   Ryan Isaac (23:02) Yeah, you're half.   Okay.   Kiera Dent (23:24) our healthcare profession. I mean, I look at modern medicine, my husband's in it and it is a freaking drill machine. Like his number one thing was patient productivity and they had to have so many patients, otherwise they were going to fire providers. And their providers worked hard. They weren't getting paid what they like want to get paid. And so I'm actually watching in healthcare, lots of my friends in healthcare, nurse practitioners, doctors branch off and go open up their own practices because they're sick of working in modern medicine. So I'm like,   Ryan Isaac (23:24) Mm-hmm.   Yeah.   Kiera Dent (23:51) if we can look at modern medicine and see how the healthcare system has been working and how can we do something now as like you said, third, fourth remove private equity, owning all these dental practices, like is there a path? And I don't know, right? Like this is I feel like I'm like Dorothy sitting in Kansas of like how on earth can we influence it? But I'm like, if enough brilliant people start thinking this way, what can we do now to show that you can be profitable and ethical and still give great dentistry where we're not having to like,   Ryan Isaac (24:08) Hmm.   Yeah.   Kiera Dent (24:21) not running it like a private equity business, but still showing. so Britt was like, we need to become the Wegmans. Like, have you been like up north, like Wegmans is an amazing grocery store. They're not the biggest, but they still are ethical. And I'm like, if we even had a few private equity that's third and fourth removed that would still run practices that way, I think dentistry would still feel the same. Something else though, that I think of like new dentists coming in that I think is really paramount is you've got to look at the future of the industry. I think the current doctors,   Ryan Isaac (24:39) Mm-hmm.   Kiera Dent (24:50) that have been in dentistry have like safeguarded and kept dentistry like we're healthcare when we want to be and we're not healthcare when it doesn't benefit us. Like we literally have straddled the spine line. It's still a little bit of the wild wild west dentistry is not as regulated as far as like our fees and like what we're able to charge in every single practice and like insurance is schmuck. get it. But I'm like, you also only have $2,000 of max most of the time that we're dealing with rather than it being like a hundred percent of what your patient base is and like what the patients are paying out. So I'm like,   Ryan Isaac (25:11) Yeah.   Kiera Dent (25:19) I feel the pioneers of dentistry have actually done a really good job of setting it up to where dentistry is still very profitable. It's still able to be its own thing that I'm like, let's, again, I feel like I'm like Dorothy sitting on my soap box in the middle of prairie fields and saying like, hey, why don't we take a pause and just think of like, what's the future of dentistry as now the future pioneers of dentistry? And what are we going to do to our profession? Yes, there's top dollar. Yes, there's things about it, but is there a way to influence?   and make sure that the integrity of dentistry can maintain long-term. I have no answer to that, but again, this is Kiera Dent sitting on my podcast where I think that there is a voice and an influence and like on Dentist Advisors podcast, is there a way that we can influence our industry in ways that will protect and still pay out? Because I'm like, even if you don't get the 10X EBITDA, you still can get a freaking great payout if you do your life right to where you can be financially set up.   Ryan Isaac (25:51) Mm-hmm. ⁓   Kiera Dent (26:17) still be able to sell your practice, not have to sell it in ways that could potentially hurt the industry. I'm not saying one's the right answer or the wrong answer. There's no judgment on my side. It's just, let's maybe think and consider how it could influence. Can we get people that could be private equity higher up that could help protect it? Those are things that, and again, I'm just Kiera Dent here in Reno,   Ryan Isaac (26:22) Mm-hmm. Yeah.   Same, okay.   Okay. Yes.   Kiera Dent (26:38) Yeah, of course. And for everyone listening, thank you for listening and we'll catch you next time.   Ryan Isaac (26:37) Thank you.   Kiera Dent (26:42) the Dental A Team Podcast.  

Kiera and Dana chat about ways dentists can go “beyond the chair” with passive income streams, including real estate, investments, speaking gigs, and more. Episode resources: Sign up for Dental A-Team's Virtual Summit 2025! Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: Kiera Dent (00:00.802) Hello, Dental A Team listeners. This is Kiera and today, man, it's been way too long. I have the one and only Dana from our team. If you've known her, if you're here as like an OG, you know Dana from Donuts with Dana. Gosh, Dana, that's like way back in the archives. But if you're newer, you may have heard her as Dainey. I don't know if she loves that one. And then Dana, what was the one that I heard? I think it was like Dynamite Dana was the last one that I heard come through for you. So those are kind of when you're like morphing over time, but   Which one do you prefer, Dana? And welcome to the show.   Dana (00:32.799) I I think the OG of donuts with Dana is probably the one that like will continue to stick.   Kiera Dent (00:39.342) It's true. A lot of people like even at events and they see you, they're like, oh my gosh, it's donuts with Dana, which is so fun and so cute, but super happy to have you. Welcome to the show today. So grateful. You actually brought up a really interesting topic that I thought it'd be fun for us to dive into from a lot of your clients that you've been talking to of like, what are maybe some passive income ideas for dentists beyond the chair? Now let's just clarify. This does not mean that you have to actually like give up dentistry that you're not working, but   I think we have a lot of entrepreneurial minded dentists that are just starting to like get creative, want some ideas. So today, Dana and I are here to like pick your interests, just how you start thinking in different ideas. But Dana, give some more background. know this came from a lot of your clients. What are some of the things you've been seeing and hearing?   Dana (01:26.34) Yeah, I do think that you're right. I think that if you are a business owner, right, if you're a practice owner, that just naturally comes to you. And I think that people that own businesses and people that have gone and graduated dental school and become leaders are just always looking for opportunity too. I think it's just a mindset thing in that group of people. So it's come up just on calls, like, what can I do? What are some things that I can do outside of the chair? And   some interesting things that some of even my clients do that I thought would be really fun to share, to help brainstorm and give some ideas.   Kiera Dent (02:02.542) I love it. I love a good brainstorm session like this, Dana. So this is gonna be a little different podcast style for all of you coming on. Today it's more of a rift. It's more of a like, oh gosh, I think these are like a good think tank. My husband and I, we go hot tubbing and we call it our like tub talk. So it's not Ted talk, it's tub talk because that's where a lot of our best ideas come. today is a, it's donuts with Dana and Kiera. It's like dabbling in dentistry. Like, but I want it to be better than like,   dabbling outside of dentistry, maybe that's what it will have this brainstorm such as, because I agree with you, Dana, and I also think sharing some ideas that some of our clients do, obviously we mash and mix, so you can't really figure out who we're talking about, because I like to keep that private and confidential for them. But I think like, again, let's spur some ideas. So Dana, I've got some ideas, I know you have some, but let's take it on of what are some of the things that dentists can do for this passive income? But wait, before we go there, I also feel like it's important to say why.   Dana, you mentioned about like a lot of these offices, these dentists want something beyond just dentistry. I also think for me, it becomes an insurance policy. Like dentist, if these little hands right here, if they break, well, that's your livelihood. So I do think for some dentists having passive revenue, passive income, coming through generating different ideas means you're not as dependent upon your hands, but more able to do that out of like desire rather than necessity.   So I think it's a good morphing and it doesn't have as much stress and pressure from what I've seen from doctors that do it. But again, those are maybe just a few ideas within our dabbling in outside of dentistry talk today.   Dana (03:42.022) Yeah, I think it's an exciting one and I will usually always preface the conversation with like make sure you have a good financial advisor too because some of the things is Make sure that the money you're currently making can also potentially make you money. So just really connecting with a strong financial advisor so that you can maximize the money that's coming into you from your practice, whether it's in investments, whether   It's in bonds, anything like that. Connect with a strong financial advisor and they can help walk you through any of these ideas we roll out today in our talk that just helps them make better decisions.   Kiera Dent (04:19.886) Couldn't agree with you more because also it's fun when you start to make these extra passive income ones Don't forget depending upon how it's set up what it's structured what it is Well, this could also incur a higher tax bill for you. I'm never opposed to you made more money no, I've got more tax But if you don't plan and prepare for it then instantly that can become a cash flow crunch for you end of year So agreed and with all things we are not financial advisors. We are not here to give you legal counsel We're not here to give you financial counsel. We're just here to riff with you   And then you need to make sure that you take this on and get the appropriate advice for your specific needs because truth be told, it varies from client to client, state to state, location to location, and scenario to scenario. So what I do and what works for me, what Dana does, they're not the same, but again, today's a fun riff. So Dana, let's kick it off with what are some of these ideas that are brewing that you've heard?   Dana (05:06.222) Yeah.   Yeah, I mean, I think real estate is definitely something that a lot of dentists look at as like a more of a passive. I It depends on how passive you want it to be versus how active you want it to be as far as a supplementary income. So I think real estate is one. I think silent business partner in a business that is of interest. I mean, we have a mutual client who I think is in real estate and maybe even a farm. So there's those things.   Kiera Dent (05:35.738) huh, true, it's true.   Dana (05:39.352) and I've got another office where she is a spokesperson for a pretty big oral health company. So she does podcasts for them. She writes articles for them. She speaks at some of the conventions that they are at. I have heard of a dentist who created webinar series on a procedure that he felt like he   was really strong in. And so I just feel like sometimes it just takes thinking outside the box, thinking about where your passions are, thinking about what you might enjoy spending your time if it's more of an active pursuit. So I think that there's endless ideas really.   Kiera Dent (06:20.226) Mm-hmm agreed and I think like let's dig a little into real estate. Let's talk about this a little more I am no real estate professional on this there's different pieces, but we'll dabble a little bit venture out into that just so you can hear a few things because I am very passionate about real estate and I'm very intrigued by how to it started because I met some people at Tony Robbins like surprise surprise started chatting with them and I started meeting a doctor community surprise surprise because I wanted my husband   to look for ways to not have to be always working at the hospital. I think hospitals are a little more grueling than dentistry, not as forgiving. And literally there was no way for my husband to get out of it. And I thought, well, shoot, we don't have kids. I wanna travel. But you're my travel buddy and you're always at work. So I started meeting these people and we started talking. And something I really was impressed by was they actually started talking about how...   Like as doctors and dentists, we have it a little bit different. You don't have as captive an income as say a lot of medical professionals do. My husband, there was no way for him to make more money. Unlike in dentistry, you produce more, you're able to create more. And so what they do is there's actually a thing called rep status where you can actually, there's a couple different ways to do it. And again, I'm no guru on this. It's just giving you a couple of ideas to look at. But if you get rep status, so a lot of times people will have their spouse.   become the rep status. So for example, in my situation, let's say I didn't work at dental team, let's say I had a lesser job right now, I would not be the right candidate for this relationship. But Jason, he's working at the hospital. I'm a spouse, I'm staying at home with the kids, or I'm working maybe only part time, I have more hours. What we can actually do is I can take on rep status, so real estate professional status. And what I can actually do is I can offset with deductions within our real estate portfolio, all of Jason's tax within his W-2.   So it's a really good way for you to actually make more on a W-2 by offsetting. Now there's a secondary loophole on there for short-term real estate where you can be full-time working, but you can actually get short-term real estate in there and you can actually offset again through rep status. Now rep status are, there's like a lot of rules. So go read up on it, go talk to your financial advisor, go talk to your CPAs about how you get this rep status and see if it qualifies for you because like this is something my husband and I have looked into exponentially to figure out, hey,   Kiera Dent (08:38.68) How could we offset this? Because if I can keep the taxes that I'm paying from our W-2, is there possibly a way that we could reinvest it? So now maybe you wanna do it, maybe you don't. There's also ways if you don't wanna be that involved and take that on, or you don't have a spouse or a partner that can help you with it, then other ways that you can do it are actually through syndications or being like Dana was mentioning of being a lesser buyer into it, where basically you just put money in.   Those ones, they're a dime a dozen. There's a ton of them. And so usually the best deals are found through networking. So if you're interested, odds are your financial advisor probably knows someone. I know there's quite a few dental groups. I will put some asterisks around that bet. Some of the dental groups that I heard, I will not mention names. There are some dental groups that were doing investments that actually a lot of dentists lost a lot of money on. So just make sure with any investment, guess what? It's risk. We're like high five. And the best advice I was ever given on investments was   same thing with like loaning money to people. Once that money is gone, I kiss it goodbye. Yes, I hope it comes back, but I have to be okay losing that money and it never coming back to me. So I think that there's other ways, but also let's not forget like investments, like putting money and maximize like for me, I utilize taxes and savings on the company. Those go into high yield savings accounts. I am still having true passive income off of those investments. They're not invested. They're just sitting there. I have to keep the money anyway. Why not have that?   come back to me and some returns that way too. But I think those are some fun ways to look into real estate in some different zones, which again, I didn't even realize it realize and my brother didn't realize and several people I've talked to about this real estate professional status that you can achieve that will truly offset those W-2 taxes. So looking into that might be a fun way for you to see it. I am one who I know I'm not going to be getting the phone call in the middle of the night. I'm not going to be going doing the plumbing. Jason, he built custom homes.   He still doesn't want to do it. We might do short-term rentals. And I was like, well, what are you going to do with the freaking snow, Jay? He was like, don't worry, Kiera, it will be an upfront cost, but we're putting heated driveways in. I'm never going to have to shovel them ever. No liability on us. just looking, and I know there's some really fun things, again, depending upon your area, but you can actually pick up some short-term rentals. Again, you've got to look at the areas. You've got to look at the zoning, but there's a lot of small houses that are like kit houses that are 20 grand, 30 grand, 40 grand. They literally come as a kit. You just need to...   Kiera Dent (10:59.358) slab it and make sure that there's sewer and water to it. But those who can then rent out is like really cool Airbnbs too. Now Airbnb is hot topic right now. I don't know how much people are following it, but there are a lot of places that have been zoned for Airbnbs. Like we're even talking Dallas. I'm familiar with this because I live by Lake Tahoe. Lake Tahoe, a lot of those places were zoned for short-term rentals. And then after being purchased, so people have had these for years,   they're actually being rezoned into residential, which I think is totally shady. There's opinions on both sides of this of like, yes, but we need housing. And I'm like, yes, but they bought it. But again, it is another investment. So it's not an always guarantee. But Dana, I just went on a real estate rant. Any thoughts that you've got on that? Because I agree. think real estate is usually where a lot of people do venture in. I mean, there's storage units, there's short term rentals. Well, excuse me. There's like farms. There's other things you can get into a lot of these pieces. But again,   Be careful, do your homework and realize that money once it's gone, it's gone. Like hopefully it comes back to you, but maybe a few ideas in that realm too. Dana, thoughts, cause I really went on a rant on rep status.   Dana (12:05.72) No, I love it. I think I learned something too during this podcast, which is awesome. And I agree with you. I think it just comes down to doing your research, knowing how much time you want to invest in something, knowing how much work you want to invest in something. And also too, how much money do you want wrapped up in things like that? And so I love that walkthrough of it.   Kiera Dent (12:25.664) And Dana, as you said that, I also was thinking about Ryan Isaac with Dennis Advisors. He's my financial advisor and he reminds me that like really the biggest way to make wealth are independent businesses, real estate, and then like private equity and venture things where like you're going into venture capitalism. And so I also want to highlight while yes, we're talking about these getting outside of the chair, never forget that your business is your greatest asset in a lot of ways too. Now.   For me as a business owner, I sometimes love all my eggs in my own basket. Other times I absolutely hate that my eggs are all in my own basket. So, but never forget that sometimes even investing like hiring an associate in your practice or expanding what you're able to do in your practice or expanding your hours or opening up more chairs, that's also a way where you can get, I mean, truly, I'm not trying to like sound like unreasonable.   That's passive income. You have someone working for you. I get that you have to still own the business. You still have the liability on it. So it's not as passive as say a syndication, but you have somebody literally in your practice that's producing for you that they may be taking 30, 35%. Yes, you still have the additional overhead of your team, but that is passive in a lot of ways too. So I really want to highlight like, don't forget the greatest asset is your business, but you might want to have an insurance policy around that where you have other revenue streams, not just dependent upon the practice. Dana.   thoughts on that because I think people forget that their businesses are an asset as well.   Dana (13:52.536) Yeah, I agree with you. you know what, too, I think that sometimes I've seen like even just getting creative with your space, right? There's offices that are doing dental assisting schools within their practices. I've got a couple offices where they've got myofunctional therapists coming in and they're renting space and they're using operatories that they're not ready to build out yet. So even if you have space within your practice, what can you do with that that can generate some passive income? And I love, like you said, like it is your number one investment and probably the   easiest, simplest way for you to continue to grow and expand your portfolio is growing and expanding your practice.   Kiera Dent (14:28.238) And Dana, as you said that it reminded me, I have a friend who's a dermatologist up in New York. This woman was smart. There's a business that's doing it and I wish they were doing it a smidgey better. I've thought about doing it. But what they're actually doing is they're like renting out professional spaces to other professionals. So she's a dermatologist. She's only there three days a week and she literally rents her space out to like an optometrist or something. Like it's literally like someone within the healthcare field. She's like, here, I get paid to have my space.   by someone else coming and using it. So also maybe can you moonlight your practice? Who could come in? Like I love these had myel functional. I've seen some offices where they have a spa within like eyebrows, microblading, facials, like literally you don't even have to that as a service within your practice. It's just like one little nook, one little space or when you're not there after hours, obviously check your liability insurance with your building space. But I have seen a lot of offices doing that as well.   Like I think that that's so clever because I'm like, I already have this practice. I've already paid for it. And now I get to just have basically a renter within my space in a different zone. I love the dental assistant program. feel like it's a win-win. You're giving to the community. You're also able to cherry pick your best dental assistants. Like so many cool things for you to be able to do within your space. And some offices even have built like really cool lecture spaces and then they build a dental community and do study clubs within their area.   they get paid to host it at their location as well. You don't even have to be there. You can just have the space that somebody rents out from you. And hey, perk is you get all these these benefits of listening to these great speakers come in. We've done that in like several areas. We've spoken at those groups. I think it's a I think you're right. Like what do you have? What can you do? Jason and I love like we literally love in our tub talks to sit there and think of ways to make money. I will tell you door dashing is not my number one best idea. We did try it.   I was, I didn't realize like how hard it is to make money. Like it like humbled me a lot. But like there's so many little ways that you can actually do stuff outside. Like look at your home office, could you rent out spaces? Like there's just so many crazy cool things that we're able to do. I think you can create a lot of income in a lot of ways if you're creative with it. I also love the dental assistant one because you can have a dental assistant make more money by running the program for you. So you're getting the benefits, the assistant's able to grow and you're coming like   Kiera Dent (16:51.508) wins all the way around, again, depending upon your state, because there are laws around it. But gosh, like I get nerdy on this type of stuff because it's fun to think outside the box for sure. So Dana, talk to me about speaking gigs, because I'm sure people are like, how do you get into that? How do these people get into this? Like writing webinars, becoming a keynote speaker, becoming an expert, writing blogs, because I think a lot of people have passion for that. But how do you actually do that and get into that?   Dana (17:16.826) Yeah, and I think it comes down to the same thing that you said about real estate is networking, right? Going to conventions, starting by even writing things, right? And then and maybe speaking on a podcast, right? And then maybe writing a peer reviewed journal article, and then just growing those things, networking, reaching out and letting people know right? Companies that are a part of whatever you want to speak about letting them know that you know, you are experienced in that, that whatever it is topic.   And that you are available to speak I've had it I had one doctor that like just video like did a video presentation and sent it out to conventions and to people in that industry and Other office or other dentists that just started out small started out with simple articles started out just with networking letting companies and and Areas know that they were available   Kiera Dent (18:12.782) brilliant and Dana as you said that I do agree like get on people's podcasts I can tell you how many clients have had like hey Keira I have this great idea of like selling charts or have this great idea that I'm super passionate about how to make composite crowns you guys I don't do any of that that's not stuff that I do I am NOT a clinician so we are a great podcast for you to get it then you say I've been like I've been on this podcast I've spoken to this place I love like just being a little scrappy there's several people that do things like this I also think if you're really passionate about something   Put it on your Instagram too. You can start to showcase your work. I know some people have become pretty popular on social media by doing cosmetic dentistry, by doing composite veneers in certain ways. like, I also think don't sell yourself short. There's probably some cool things that you do. And Dana, I'm just going to throw another idea because I forgot. I do have a client that does this. They are an expert witness. I want someone else to do it. Someone else go become an expert witness. Or if you are an expert witness, I want you to talk to me because I to put you on the podcast. Like you can get on with me.   but an expert witness is one, like I literally have a client and they tell me like, all right, Kara, gotta go meet with this person. And they make a truckload of money by being an expert witness as a dentist in like crimes. And I told my husband, was like, go be an expert witness in pharmacy. And he's like, I'm not doing that. I don't wanna get close. Like that creeps me out. But I'm just gonna throw, that's another random idea out there that I think again.   I'm hoping someone on the podcast is an expert witness. Please, I want to podcast with you. I want to hear your stories, your ventures. And for all of you listening, if you are someone who does real estate really, really well and you figured out the rep status or, I want someone who's not like dabbled in it, I want you to be a freaking expert on this. Like you've done at least a couple of things in it, or you're a speaker at locations where you're getting paid for that as a side gig, or you have a dental assistant program within your practice.   I want you to reach out Hello@TheDentalATeam.com because I'd love to get you on the podcast. think sharing our knowledge, sharing with each other, I think it's freaking fun. And I think like, Hey, let's all rise each other up because guess what? You're probably not going to be a forensic witness at the exact same space everyone else is like, they need tons of those people. So anyway, Dana, this was a fun rift for me. Thanks for, thanks for rifting with me. Any last thoughts you've got as we wrap up.   Dana (20:24.9) I think just get creative, right? Find, figure out if there's something that you're passionate about. Figure it out if you have space for something. Figure out what it is that you really want to spend maybe some extra time doing. And there's definitely ideas that fall around it.   Kiera Dent (20:39.596) I love it. Dana, thanks for bringing this brilliant idea. Thanks for doing dabbling outside of dentistry with me today. Dabbling outside of dentistry with Dana today. Thank you for that. It was always a good time. And for all of you listening, this is what we love to do. We love to help dentists get the freedom to be able to have the creative space to think outside of just their day in day out. So giving them the ability to build their practice, build their leadership teams, be able to create. So that way you're able to think outside and also to help offices think in these ways and get them connected to people.   that are resources. if this is your world, or you're like, Hey, I'd love to have a little more mind space out there. I'd love to have less stress on my practice and more creative space. Reach out. That's what we're experts at. We're helping to help you and your team. So reach out. Hello@TheDentalATeam.com. And as always, thanks for listening. Catch you next time on the Dental A Team Podcast.

In today's episode, we bring you Part 2 of the Elevation Association panel discussion from the 2025 Life Summit in Nicaragua featuring James Heaton, Michael Allen, Jared Hill, Mark Costes, Matt Mulcock, and Ryan Isaac. The conversation continues with deep insights on partnerships, vision alignment, and the ongoing shift in dentistry toward DSOs and private equity. The panelists break down why shared vision is essential for a successful partnership and how lack of leadership can trap dentists in a cycle of burnout. They also tackle the growing presence of DSOs, discussing when selling makes sense, the risks involved, and why private equity firms are reshaping the industry. With private practice ownership declining and consolidation increasing, the group explores whether dentists have a responsibility to preserve the profession for future generations. EPISODE RESOURCES https://www.elevationassociation.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

In today's episode, we bring you Part 1 of the Elevation Association panel discussion from the 2025 Life Summit in Nicaragua. This powerhouse panel—featuring James Heaton, Michael Allen, Jared Hill, Mark Costes, Matt Mulcock, and Ryan Isaac—dives into one of the most overlooked yet critical aspects of running a successful dental practice: leadership. The conversation explores why leadership is often missing in dental education, how private practice owners struggle with management, and why poor leadership can lead to burnout and even practice failure. The panelists break down the difference between management and true leadership, the dangers of micromanagement, and the impact of company culture on long-term success. They also discuss why DSOs are rapidly growing while many private practices struggle to keep up. EPISODE RESOURCES https://www.elevationassociation.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Kiera and Dana download the latest Dental A-Team book, The Power of Fun: How to Feel Alive Again by Catherine Price. Specifically, the two discuss why it's so important to strive for playfulness, connection, and fun even in the workplace, as well as a new DAT project — coming March 2025! Find the full book club rundown here! Episode resources: Reach out to Kiera Tune Into DAT's Monthly Webinar Practice Momentum Group Consulting Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast Transcript: Kiera Dent (00:01.026) Hello, Dental A Team listeners, this is Kiera and I am so pumped. I got the one and only Dana with me, usually Tiff and Dana podcast. And today Dana and I are gonna podcast. How are you, Dana?   Dana (00:11.532) I'm good. I'm excited to be here. I know it's been too long and it's a fun space, so I'm glad I'm here.   Kiera Dent (00:17.514) I agree. told Shelbi, I was like, record. Can we start getting the consultants on with me too? Like I enjoy solo casting, but it'd be fun to hang. So I'm super glad. And today you guys, Dana and I are bringing you a special treat. We are going to book club podcast. Dana, Britt and I are probably the ones who actually book club in our company. So we're the constant three that do it. And I, as Dana this morning, I was like, did you by chance read that book? Because if so, I'd love a podcast guest with me on it.   Thank you, Dana, for coming to the rescue with me. But I think it's gonna be great. Our podcast, our book club for this month is The Power of Fun, How to Feel Alive Again by Katherine Price. And honestly, Dana, I think you might know this, but maybe you don't. The reason I chose this podcast or this book was because the confetti was on the front. Like, that was why I chose it. On the book cover, there was confetti. Ryan Isaac and I were talking about it, because I think I sent him the book of like, Probably Die with Zero or   profit first, like some like hard book and he's like, why don't we have more fun books, Kiera? So that's actually where it came from. But I'm super curious. Kind of let's dive into this book. If you guys didn't read it, totally fine. If you did, I think it's a slower read. I think Dana felt the same, but I think that there was a lot of good nuggets for now. And I'm all about how we can create more fun because I think adults forget how to have fun. That's I think my biggest takeaway is like, we've forgotten how to have fun. And she gave some good tips on how to have more fun in our lives.   What about you, Dana? What do you think?   Dana (01:46.936) Yeah. Yeah. I mean, there was a lot for me to take away. I don't think I've ever like, categorized my fun, or like, thought about creating space for fun. Like I think I'm a person that has a lot of fun, and I laugh a lot and there's a lot of joy in my life. But I did definitely like reframe my like, okay, well, what level of fun am I having and prioritizing that higher level of fun or what she calls true fun in my life.   Kiera Dent (02:14.752) Yeah, absolutely. And she kind of talked about like, well, I loved a lot that she talks about is how much of our society has actually shifted us to not have as much fun. And I think one of my favorite takeaways in the book was when she talked about how like, our cell phones were actually designed to be like slot machines. And so like slot machines are intent, like, so much study has gone into keeping people like in the slot machine mode. And yet if we're doing that with our phones, gosh, like our world is crazy to think about. And so   helping us find ways to minimize distractions. And something she said is like, when you're not fully present, you're not happy. And so how can we be like in the moment having fun and like we're spending so much time consuming, but she said like, phones are actually causing constant stress and higher cortisol levels. And so playfulness, connection and fun are the things that we should be going for. And that's like laughing, being in nature, being purposeful and being present. And like times when we feel most alive are when we're actually playing. And I just thought it was such an interesting mindset of like,     great, my phone's a freaking slot machine, which we all know. It's a heavily addictive, we're constantly wanting to go to it. And yet that's actually what's causing us to not have as much fun, which I don't know, like to be debated, like is it true? Is it not true? And this is where Dana and I love to book club. This is how we actually book club is we talk about like, well, what do you think? How do you feel about that? What are like your thoughts? So Dana, tell me your thoughts. Let's have a real book club, Denali team style today.   Dana (03:34.574) Yeah, I mean, I do think that like, I can admit my phone can be a distraction and I can think that I'm enjoying something but if I put it away and I do something else, like, I can definitely see that I enjoy that other thing more, right? And so I think we tend to hold on to the phone or do the phone thing because in the moment it's like, yeah, scrolling, tick tock, I'm laughing, right? Or looking and catching up with family on Instagram, like that's fun.   Kiera Dent (03:56.097) Mm-hmm.   Dana (03:59.982) But when I put the phone away and I focus on connecting with the people around me and being really playful and engaging, I feel like that is definitely a different level of fun. And so I think that it it's prioritizing those moments and understanding that like what your phone really lacks is that connection.   Kiera Dent (04:21.944) Right, for sure. And I think some people might argue like is connection really fun? And like, do I actually need that? And do I want that? And I just think like, again, the books are here for conversation. They're here to challenge our beliefs and to question and to see like, what are we doing? And what really is that way? But what I thought was interesting is, so over the summer, I had some things that came up for me and I was very disconnected from my phone. And I'm not gonna lie to you.   for like the first three days. And that happens every time I go on vacation. I don't know about you, Dana, but literally every time I go on vacation, I have like withdrawal. So Jason and I will intentionally go to places where I to like shut my phone off. I don't have service. I will purposely not buy service when I go places. And it's like a withdrawal. And I feel angry for usually like my first two-ish days, sometimes even up to three, which I don't know if that's a good thing or not. But I thought about it and over the summer when I didn't have my phone, it was crazy how like,   I want to say carefree, I became, but I went through the withdrawal period first of feeling angry, mad, annoyed, like, just give me my freaking phone. It was weird. And I'm like, gosh, am I like a, like literally having withdrawals, leaving this addiction? I don't know. Or was it like chicken and the egg, or was it like cause and effect? I don't know. So I don't know, Dane, if you've got thoughts on that, but those are the things that I've been thinking of. like, is it really true or is it not?   Dana (05:43.374) Yeah, I definitely go through like, I would say more like anxious, like am I going to miss something that's important or am I going to so like the anxiousness at first, I will say that I do have like when we go on family vacations or we go camping or we do those things, like I will put my phone in a drawer even if I don't have service. But then the flip side of that is I get really upset that I didn't snap photos because I'm like, I want to be in the moment. I want to remember the moment like with my eyes and be super present. But then I get home and I'm like, I didn't take any pictures.   Kiera Dent (06:03.658) I agree.   Kiera Dent (06:12.33) I know, because like, but that's all we have, right? Are the memories and the photos and photos can like, Jarrett, it's even crazy because like Apple vision right now has a quote unquote live. And I was at this thing in an Apple vision, like guru came to our little conference. Like we got all these Apple vision pros and they said, like, what we're doing is like, we're creating time travel. Like I kid you not, this was part of their pitch for Apple vision pro, because what they said is like, if you do the video in live, you can put the Apple vision pro on and it is   Simulated as if you are really back in that moment So like taking the videos which I think is like perpetuating us having our video so we can relive the moment rather than living in the moment is Contrary to I think how you have fun and so I think that there's like I think that's why she categorizes the fun within the book I think that's why she has you look at it because I don't think it's an all-or-nothing But there is a company I was talking with Jason Tonori shout out to him when I was up at his practice and we were talking about and there's this company called Brick   like a brick wall and the purpose of the brick is what you do is you actually like tap your phone and you brick your phone so we basically put our phones back into brick mode like remember when we used to have brick phones and all they did was like call and kind of text like that's actually the purpose and what this company is about because so often and it's crazy because when you brick your phone you literally have nothing on there and it's wild how much you like it's almost like phantom hands go to the scroll or phantom hands go to   Siri or phantom hands go to Safari, like all these things that I don't think we realize how dependent and reliant we are on it when it's like, no, I want to go on a hike and just use my phone for this. But then on the hike, it's like, well, let's check where we're going to go for lunch. Well, I don't have that. And I've got to go back to survival skills of like, all right, I guess we like drive to the town and figure that. So it is this like interesting concept, but I'm curious if we had like less phones, would we be happier?   Or is there like this or like have more fun or is there maybe a middle ground Dana and this is something we're obviously just rifting on right now and we don't have answers to it. We're just talking, talking shop here. What do think?   Dana (08:13.028) Yeah. Yeah. I mean, I think with anything, right? Like anything is great for you in small doses. And then, you know, when it can be large doses, maybe it's not so good for you. you know, my hope is that there is a middle ground on this and that we can use technology and advance in technology and use our phone. But also, I think big takeaway from this book is making space for more fun.   Kiera Dent (08:39.668) And Dana, what are some of the things like, how do you make space for Murphun? Like, what did you take away from the book or what are you applying in your own life? I'm putting you on the spot. Maybe you, I don't know.   Dana (08:45.218) Yeah. No, that's okay. No, I like that she kind of like went through like one big thing I'll use myself as an example, right? As a mama for like, something that she suggested is just making time as far as like looking at the things that you have to do and making sure like with your partner in my instance, like my husband, like that those things are distributed evenly, right? So that like, I'm not the one that's making all the doctor's appointments and coordinating all of the kids schedules and doing those things helps to create space when those   roles are divided evenly, there's more space for both of us to be able to prioritize fun. She talked about like organizing your physical and mental space. So using a planner and making sure that you plan for things and you've got deep, you know, deep work and focus time. And then outside of that, when you get lots of things done in your deep work time, it frees you up time to have more fun. Physical space, you know, she talked about just like organizing your physical space so that   when those things are organized, you don't have to constantly be cleaning up clutter or doing those things. It frees you up more. So I thought she had a lot of great suggestions that I think most of us can apply something to to buy a little bit of time.   Kiera Dent (09:57.034) Right. And I'm, I am obsessed about this. So this summer I went and attended a bunch of conferences with Tony Robbins about, he calls it his RPM, Rapid Planning Method. And like I learned about it and I hated it. And then for some reason it clicked this year. And I'm actually super freaking pumped because like non-shameless plug here, our new, like we're rolling out a little bit different of our consulting program and we are bringing people in person.   and I'm super jazzed if you're interested and you want to come like mastermind with doctor to our brilliant and it's a leadership. it's you and your OM and then we actually help take it back to your team for you. So like still doing all the pieces. We focus in on your business for a nice retreat time. And then we're also going to work with you quarterly. Plus you still have your customized calls. Like it's like 99 % Dental A Team. We're just now bringing you guys in person to mastermind together and with us. And like the fun, exciting part of it is   I actually am so excited because I am so passionate about life and dentistry. Like I realized life is my passion, dentistry is my platform. And so how can I help more dentists and more people have more time in their lives, but do it in the way that is fun? And so part of Tony's thing that we're actually going to incorporate like styles of Tony, but made Kiera's way and then tied into dentistry for your practice is Tony had us go through and actually map out like the categories of our life. And I'm so pumped because I'm going to help dentists do this again.   like taking from Tony Robbins and then adapted to Kiera's way of how I want to do it. But it was so magical because Dana, I actually built a category of fun because I realized I never did fun and I didn't actually like schedule fun. And so every week when I'm looking at my week, I look for like, where am I connected to Jason? What am I doing for the business? What am I doing for like, and I call our house like our Oasis, there's also power and language. So like, it's not just Jason, it's like my forever love story with Jason and then   fun. Like I wrote like life is meant to be fun and playful and like have the sprinkles and the confettis. And so every week as I've been doing this for the last couple of months, prepping and preparing and like fine tuning how I want to do it with our doctors. So don't worry, like it will be so much business. But if you don't have the life that's fun and fulfilling for you, we missed the mark in my opinion, which is why I'm so excited. And if you're interested and you want to be a part of our inaugural like beta group with us, like please join us. It's gonna be freaking magic. But like   Kiera Dent (12:19.512) It's been awesome Dana because I feel my life is more balanced and I hate the word balanced because work and fun are not equal. Like they're not, but they feel balanced. And I feel like every week I look forward to like, what is my fun? And if it's not in my calendar, I'm like, well shoot, I need to have more fun. And it is the same thing of like, can I delegate these things to Jason or someone else? So that way we can have more time. You can look for like different apps or using people are like, hey, we're doing all these tasks. Could we?   Could we hire a nanny for this or could we hire like this summer I hired a lawn care company and I thought it was so dumb, but Jason did so many projects that he's never done because we didn't have to mow the lawn. And it's just like a little test that I tried to do. We've since gotten rid of them and he's back to mowing the lawn. But the idea is like we're building our lives and having that fun element in there, not just doing our work and like the drudgery day in day out. So to me, it felt like much more intentional with our time.   than just being on autopilot, which is what I'm so excited about. Like, yes, of course, it's 90 % business, but if I miss the mark of your life being what you want it to be, I feel like we've failed. So that's actually what I'm so excited about. And if that jazzes you reach out, hello at thedeadlyteam.com. I can't tell you how excited I am. This has been a project in the making for years and it's coming to life March, 2025. So get ready, reach out. And even if it's fine, like it's too late, we have multiples throughout the year. So like, don't even panic. You'll be able to be a part of it, but   And it's still everything Dental A Team is offered with team integration and doctor integration and practice. But like, how can I help people have more fun and have a life that's more purposeful and meaningful is what just lights my fire Dana. And I think that that's the whole premise of this book.   Dana (13:56.172) Yeah. Yeah. And, and I think it's just like, understanding what building in fun gets you because like, when I have fun, I am definitely more creative. I am definitely able to focus, right? Because I had an output of energy somewhere else. And I can definitely focus. It does help fight burnout, right? Which we always fear for teams is are they going to get burnt out? And I think that when there's fun built in, it helps fight those things off. It helps fight off stress. When you build those things in and, and   Yeah, I think that that's, you're right. Work and fun never are necessarily balanced, but they definitely, fun can help work not feel so overwhelming.   Kiera Dent (14:38.145) couldn't agree with you more. And I love that you brought up the point about burnout because like, everybody's looking for the master like bullet of how do we avoid burnout? And I'm like, I think it's just having more fun in life. Like, can we allow ourselves those simple pleasures in life? Think of how much time as children we spent playing and creative and shutting our minds off. And now it's like nose to the grindstone like robots. And it's been interesting because as I've, I've changed my schedule up, like I said, I'm testing on myself as the lab rat here to the not like   let's keep it more like PR. I'm testing on myself as the beta test here, and then we're gonna take it to other people. But what I found is, if I have this shut off time, and I have this time where I can be more creative and more fun, my ideas for the business come so much faster and easier, rather than trying to like plow through. And I realized there's like a different mode of creative and like operative. And there's, it's two different parts of our brain. And so it's like,   Dana (15:10.754) video.   Kiera Dent (15:34.456) to me, it kind of took away the guilt of like, go have fun because I actually, like simultaneously, I'm actually working on the business. Like whatever I'm doing here is actually there. So if I'm organizing my house, I'm organizing my business. If I'm having fun, I'm having fun in the business. Like they go energetically across the boards and like my best ideas have literally come when I'm hiking or when I'm on the water and I'm like, my gosh, that's a great idea. Or I'm on vacation because everything else is shut off. And I think that's the whole point is like giving our brains like through this fun, a time of shut off where it's just   and everything almost goes into like rest mode, even though we're actively having fun doing something and being playful and laughing.   So with that, I think for all of you, have more fun. How can your practices have more fun? How can your life have more fun? I think that it's just, if you don't enjoy the book, that's okay. I felt like it was a bit of a slower read, but I think the principle of how can we have more fun and how can we build more fun into our life. And if you need help like I did, be sure to join us. Platinum is coming your way and it's gonna be freaking fun. If you're like, I need systems and I need one-on-one help, great, we've got that for you too.   Obviously we do systems and whatnot within Platinum, but it's really about how can we create your life and have your practices there. It's just gonna be magic. So reach out, join us. Hello at thedeadlineteam.com. Dana, thanks for podcasting on having some more fun with me.   Dana (16:52.324) Yeah, absolutely, anytime.   Kiera Dent (16:54.696) I loved it. And for those of you who are on our book club with us, next month we are going to have Deep Who Not How, The Formula To Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan. I'm obsessed with Dan Sullivan. Like I love Dan Sullivan so much. I literally met Dan Sullivan at a conference and I like geeked out and was just like, my gosh, I need to talk to you. Like literally has changed my life and...   Now you guys can have who, not how, which I think is a really awesome one, especially with hiring and all the different pieces, like who do we need, not how do we always do this and rely on ourselves. So get ready for that. Dana, thanks for being on the pod with me today. Of course, and for all of you listening, thanks for listening and I'll catch you next time on the Dental A Team Podcast.   Dana (17:32.578) Yeah, thanks for having me.

Kiera reviews the September book club selection: Die with Zero: Getting All You Can from Your Money and Your Life by Bill Perkins. She compares the Die with Zero method with profit-first, talks about applying this mindset in her own life, and how to enjoy life richly. Find the full book club rundown here! Episode resources: Reach out to Kiera Tune Into DAT's Monthly Webinar Practice Momentum Group Consulting Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast Transcript: Kiera Dent (00:01.346) Hello, Dental A Team listeners. This is Kiera and it is book club time. And this is one of my favorite books and I am so excited and I hope you read it with me. And if you didn't, hey, well, here's your opportunity to read the book club. I will give you a synopsis and hopefully I make this so intriguing and so exciting that you definitely want to go read it. So this book is called Die With Zero and you better believe that it is gonna trip your minds up. So if you're a prophet first person, if you don't even know what the heck I'm talking about,   Well, welcome, because this is the book club all about fulfillment. As always, thank you guys so much for being podcast listeners. Please do me a solid and go leave a review today. Go leave those five stars. Share this with someone that you know might be considering how are they generating the revenue in their practice? How are they? What's their fulfillment life plan? But share this podcast because my goal is to get this podcast into the hands of every dental practice to be able to positively impact and inspire offices to be the best leaders.   the best teams to serve their patients at the highest level and truly be able to give back on a level that we as far outside of our, our wildest dreams and to do it with ease. This podcast was made for people just like you who don't just understand you, but are you I've sat in your shoes. I am a business owner. I come to the table with expertise and understanding and humility and love and compassion and no judgment. And I just ask that you guys share this with a dentist who right now could benefit from having that.   positive impact in their life. An office manager who might be struggling with their team or maybe someone who's thriving. Share in a Facebook group, share in a group that you're a part of. Go in there. You guys, I had an office reach out and they're like, Kiera, we're struggling. We're dropping Delta Dental and we need some verbiage. And I popped onto our website and I went to our podcast and I typed in insurance dropping verbiage. And there's three incredible podcasts. So truly anything you guys might be struggling with or wanting to know more about, I guarantee you in our almost thousands of episodes.   you will be able to find that. And if you can't find it, email me Hello@TheDentalATeam.com. Our team truly lives to serve you and they want to make your life easy. So reach out. We love you guys. So the broadcast today is Die With Zero. You guys, I'm so excited and I can't wait to talk about this. So Die With Zero, it's funny, my brother, I actually called him. My brother is in business and finance and I said, know, Rhett, that's his name.   Kiera Dent (02:27.468) I said, Rhett, I have a question for you. This was a couple, gosh, this was probably a year ago. said, if you had an opportunity to grow your business to insane heights, would you do that? Or would you kind of like chill and coast? My brother's super brilliant. He's an MBA. He works for a really large company. His job is to go in and inspire teams and to help them out. And he's also efficiency, which means he also fires people. And my brother is someone that I think is one of the most incredible people.   Like I truly look up to him. He's two years younger than me. And I said, Rhett, what would you do? And Rhett told me, said, Kiera, you know, if I had an opportunity to serve and to give, I would make my business as big as I could possibly make it. Okay. Fast forward a year, Rhett came to me and he said, Kiera, I've actually been thinking about that conversation. And I read a book called Die With Zero. Have you read it? And I said, you better freaking believe I've read it. Let's talk about it. And he said, I actually think I've changed my mind on your business or business ideas in general. He said,   I actually think I would find what fulfills you versus slaying away for your entire life. He said, die with zero definitely gave me a different perspective. And I thought, I love this because die with zero. actually think I was talking to my husband about this morning before I got onto podcasts. And I think die with zero is such a mind trip because it's contrary to what we've been taught all of our lives. We've been taught, go to work, save for retirement, get your retirement at 65.   And then go and live this glamorous retirement life. there's profit first with Mike McAllux, which I'm obsessed with profit first. And I remember when I did a book club with our team on profit first, one of our team members, she's like, I cannot handle die with zeros mentality because profit first is talking to us about building the profit and saving and building this whole piece. And I was zero is talking about like living in the moment. So I'm here to say, I actually don't know which camp I sit in.   I actually think there's beauty in both of them. But this Die with Zero, Getting All You Can From Your Money and Your Life by Bill Perkins. So if you haven't read it, I strongly encourage you to read it. It's going to be incredible for you. But Die with Zero, I'm just gonna give you guys a couple little quick synopsis of some of the points in the book so we can book club on it. So there's 10 points that they have in here. Number one is maximize positive life experiences. Number two, invest in experiences early.   Kiera Dent (04:50.456) Three, aim to die with zero money. Four, use all available planning tools. Five, give money to kids in charity early. Don't live life on autopilot. Seven, plan in terms of seasons. Eight, no one to stop. And nine, take big risks early, not later. Okay, so lots of things in here, but really he said, gosh, I'll read you guys this quote from him.   He said, if you spend hours and hours of your life acquiring money and then die without spending all of that money, then you've needlessly wasted too many precious hours of your life. There's just no way to get those hours back. If you die with 1 million left, that's 1 million of experiences you didn't have. And if you die with 50 ,000 left, well, that's 50 ,000 of experiences you didn't have. No way is that optimal. The question we must answer is how to make the most of our finite time on earth. Ooh, like I love it.   Because that's, think, I think that's the question. And so when we look at these 10 aspects of it, again, like I'm saying, I don't think my perfect camp is here, but I think like my conversation with my brother was very much one of, right? Like we all think of the fear, like what happens if we run out of money? My conversations with Ryan Isaac of Dentist Advisors, he's my financial advisor, there are always conversations around, well, Ryan, like how do I know I'll have enough money to make it to me being?   97 years old with my cotton candy pink hair and I'm living the most fulfilling life as well. And so this whole principle, my mom and I were talking, my grandma, she just turned, I believe she just turned 90 and I talked to my mom and my grandma has like, she's done well. Her mom, so my great grandma passed away and there was this like very large fortune that was left. And I talked to my mom and I said, mom, grandma's not gonna be alive for that much longer.   and she fell and she slipped and she fell and she broke some vertebrae and some ribs. This is a 90 year old woman and my grandma is still so afraid of money and this woman has more than enough money. She's definitely not gonna be dying with zero. And I talked to my mom about this because there's also this piece of my mom, maybe there's these weird pieces of it, then she'll get an inheritance from her mom. But I talked to her about this book and I said, mom.   Kiera Dent (07:06.35) Grandma, like what if you could actually live this incredible world with her where you made her last decade of her life the best decade of her entire life? Where she's doing all the experiences. But what's crazy about it is my grandma is now 90. And that to me, I think is the premise of this book of like, why did my grandma wait until she was 90?   And who knows if she'll even be able to do it. But in the book, I remember there was like a definition of the ideal optimal life is we want to make it too. So if I plan to pass away, I hope I make it to a hundred, maybe 130, but let's just say I pass away at 97, which feels a little creepy right now to me to like put a death date on me. but the hope is that like, I'm living my fullest, most richest life all the way up until like 96 with my health and all this. And then in my last year, my money and my health kind of like,   nose dive and I go out of this world fully rich in life experiences and really living to the fullest. Now my other grandma, she's my adopted grandma and she is, I believe she just turned 96 actually and she's been able to paint and she goes on trips and she hangs out with her elderly group. Her husband passed away, my gosh, like at least 20 years ago.   But my adopted grandma, she is very vibrant and I'm looking at her and at 96 she's still walking up and downstairs and yes she's had a knee replacement and there's some things going on with her eyes, but she paints china and has like very world -renowned china painter. She teaches, she has a kiln in her house. I wish I would have taken lessons from her when I lived with her and I never took advantage of that. She reads, but just recently probably within the last, I don't know, three years   she stopped traveling, but up until then she was traveling. And I think about her and I have no idea where her financial state is, but I think about her and I'm like, that's the life that I want to be living where I'm healthy and I'm taking care of my health and I'm able to do all the things that I love doing until like my last, like hopefully six months of my life. And then like at that point we're gone. And that's what I think Bill Perkins whole point in all of this book is, which is why I love it is thinking differently of not a saving until we're out of money or saving until we're at this certain space because   Kiera Dent (09:15.95) He talked about in the book of like going to Italy, maybe when we're 40, but like if we could have gotten in our 20s, we're younger, we're more vibrant, and we have longer time for the investment of that experience in our life rather than less time with those experiences and talking about how, yes, we're always trying to save money and yes, we need money to survive. I'm not here to discredit that for one second, but is there a balance between the amount of money that we need and the life experiences that we're able to maximize? So that's why he's saying maximize our positive life experiences.   Are we spending money on experiences rather than just saving money? Now, this is where the mind trip is because we still need money to be able to survive. And so how are we able to maybe accomplish both? And that's really what I think I'm obsessed with with this book club. And I hope you guys are geeking on it with me and I hope I'm challenging your beliefs as well. But he said, expect invest in experiences earlier because that allows you to have that longer term ROI on life experiences. Like if you were to even think back on the last 10 years of your life, what are some of the highlights?   Gosh, like the last 10 years of my life, like I'm just gonna do my 30s for you. Jason graduated pharmacy school. We have hit all seven continents, which I'm obsessed with going to. We went to Bora Bora. We've been able to buy our first home. We've gone through IVF together. I love, love, love being able to travel with my parents. We were able to go with his parents and my parents, both to Hawaii. We surprised them with a trip to Hawaii. guys, really did not cost me hardly anything. took...   like very inexpensive flights, I bought them early, but it was one of the most incredible experiences to do that with my parents. Traveling with Jason, because Jason's philosophy was, we're not gonna travel until we retire. And my philosophy was, when we retire, we're gonna be old and it's gonna be a lot different to travel. Like, I wanna travel while I'm young and I can still hike up a mountain. And it's crazy, because even within our 30s, my knees and my hips actually are a lot different than they were when I turned 30. And so Jason and I, just traveled to Tokyo.   This is the life of not having children. People are like, how do you travel so much? Well, one, traveling gives me life. And two, I just, truly do believe in this, like living and having life experiences now rather than later. I remember Jason and I were in pharmacy school. I was, I am not joking. I was making $12 an hour while we were in pharmacy school. We were at that point, $65 ,000 in debt for his pharmacy school. We had no help from either of our parents.   Kiera Dent (11:36.59) We didn't have scholarships. I'm making literally $12 an hour. This was not that long ago. It was 2016, 2017, 2018. I was working at the dental college, so I did get some great health benefits that way because of it. We lived close enough that we rode our bikes every single day to and from school. And Jason told me that we were too poor that we couldn't travel. And I said, excuse me, no. So I remember every month.   like when the end of our bills would come, I would literally look around my house for anything that had a tag on it that we hadn't used yet that I could go return to the store to make our ends meet. Like this is CuraDense real life. We did not turn the AC on. We were in Arizona. We kept our house at 80 degrees, sometimes even up to 85 degrees. We slept with the fan on at night, not the AC. We're talking it's 117 degrees outside.   We decided to make sacrifices to be able to put, would put, think 20 to $25 a month away in my travel fund. I put it in a high yield savings account, so something like Ally, and I just started putting money away. Every single month I was like, okay, here's our expenses, this is where we can be, this is how we can cut costs, because I'm so adamant that we're gonna be able to travel, and I just started putting money away, like as much money as I could put away. Anytime I got a raise, I didn't live on that raise. I literally just put that money straight into our savings account.   And while we were in pharmacy school, you guys, I'm not kidding, I'm making 12. I was able to get up to 14 and I ended leaving that job at $18 an hour my last year there. But I was able to pay for me and Jason to go to Ireland and then we also were able to go to Paris with my brother who had just come home from his mission to Paris with my parents. Jason was a little nervous about that. But that came from me literally like discipline, putting money into my savings account every single month.   scrapping down like we really, I price matched, I took my little like ads from the grocery store to Walmart, thank goodness they were price matching at that time. It was the best when our cereal was on sale. But I was so committed that even in pharmacy school, I wasn't gonna go into debt for it more. So our debt was only for Jason's loans. But I also wanted to make sure I was having life experiences. I went and scrapped and I did a little window washing business.   Kiera Dent (13:51.958) I did a natural dog food business with my friend. I helped her out to get extra cash and all of that money, I just kept putting that into our savings account because for me, that was something of life experiences that I wanna have. I will never regret going to Ireland with Jason and I will never regret going to Paris with my brother and my parents. Those are some of the best highlights of our life that Jason and I have, but again, that's my life. This is Kiera's life, this isn't your life, but I wanna let you know, like for me, it was so important that Jason and I traveled while we were young.   I mean, I remember landing at midnight where jet lagged and we're both, he's hitting class kudos to him. I don't know how he did pharmacy school. And I'm going right back to work because those were the cheapest tickets that we could find. We heard about a website called Scott's Cheap Travel. We were able to get tickets round trip to Copenhagen for 250 bucks. Like when you want to do something, there's a million ways for you to do it inexpensively if you want. And so,   The reason I love this is because some people, like I was reading up articles about this book and some people were saying like, this is only for like entrepreneurs or this is only for the high wealthy. But I thought like, no, I was making $12 an hour and we were in pharmacy school and we're still able to find the way because making those early experiences, that was fuel and energy. And Jason and I still to this day talk about those experiences. And so.   But then like, then there's the flip side, right? So then we started to get more responsibilities. We think about having kids, we buy a house and then you start to think of like, Whoa, well, how much money do I need for the future? And that's what Bill Perkins talked about in here of like, when you're younger, doing some of these experiences cheaper, we'll actually have more life experience and fuel and energy that gives you to then you don't need as much money per se during that time. And also, I mean, Jason and I, we scrapped it down. lived on protein bars going all around Ireland. Like I will today stay, never eat special K.   these like strawberry protein bars. We ate so many of them and Jason and I giggle anytime we see him in the grocery store like, you want those? No, me neither. That's what we lived on. Like we went to Ireland, we were not living amazing. We were in the tiniest little car eating these like protein bars. I remember writing in my journal one day on our trip. I said, the angels saying today our hotel had breakfast that we didn't know about. So we didn't have to eat protein bars today. But the things that like those are experiences. And that's like, I think the reason I love this book is because it's   Kiera Dent (16:05.998) To me, it's talking about, I think if you merge, die with zero and profit first together about life experiences, but also preparing for the future. I think that there's beauty in that life because we're living this rich life. We're living all these things and die with zero, I think really makes you question what you want to do. So one of his pieces where he says, plan in terms of season. So if you were to look at your, like again, pretend I'm going to die when I'm 97. I hope I make a hundred. Today I'm 38.   If I look at all my life segments, so maybe from 38 to 40, what do want to do? From my 40 to 50, what do want to do? Maybe 40 to 45, 45 to 50, 50 to 60, 60 to 70, 70 to 80, 80 to 90, 90 to 100. He talks about looking at those seasons and what are the experiences that you want to be having during that time of your life. Jason and have built vision boards where we literally have like at 36, we want to do this, 37, we want to do this, by 40, we want to do this.   We haven't gone like clear up to 90 and what that looks like. But in this book, he talks about that because then we live, we're planning our life in seasons, understanding that maybe our health won't be as optimal when we're older. But that's what he also talks about is like, why are we waiting and spending money when we're like older and rather than spending money on our health now, but we're saving all of our money to get to retirement, but we're not taking care of our health today. And I think that that's like the whole mindset around this book is   Really truly planning and living on these life experiences and aiming to die with zero money. Like how cool will it be for my grandma? To have life experiences in her last decade of her life But yet how much greater would it have been if she would have spent this money earlier? Maybe spent more time with her grandkids. Maybe spent different things But like I think there's the fear and that's I think the fear of dying with zero is but what if I run out of money? What if I live longer than I planned for?   I guess we just get innovative and he does talk about that in there of how you can plan that out a little bit better. But then like when he talks about giving money to kids and charity earlier on, he said like how much better is it like pretend my parents are going to get a payout in their gosh probably 70s from my grandma but how much greater if she would have given that money to my parents in their 30s when they could have used that money for a down payment on a house or   Kiera Dent (18:20.396) Jason and were so like in debt and if my parents were gonna have money, I don't plan for my parents or Jason's parents to have any money. I keep telling them like, I want you to die with zero. I want you to live life to the fullest. That's gonna make you the most fulfilled. But just think if you're going to have extra money in surplus, give it to those people earlier on potentially as a way for them to have more life experiences earlier on as well. So, so many crazy fun things in here. But again, I love the perspective of.   I think my greatest takeaway from it is living with life. And like he said, I will repeat the last part of my favorite quote from the book where he said, finding it here, the question we must all answer is how to make the most of our finite time on earth. And that's really what I think I want to leave you guys with. I definitely encourage you to go read it. There's so much in there. And there's so many pieces about basically really trying to get our health and our lifestyle and our experiences to get the greatest ROI, just like we do with our dollars.   Again, I'm not saying if you're a huge spender, I don't think that this is the model for you. You're already living high. And maybe your job is to listen to Profit First a little more and put some more savings in there. If you're someone who's just always saving and never having those experiences, I think this would be an incredible book for you. And if you're someone like myself who's in the middle of sometimes I spend and sometimes I save, but for me, I want to end my years.   having the life where I had the most experiences. I work because I love to say yes to things that I want to go to and do. That doesn't mean I have to have millions. That doesn't mean I have to have thousands. That means I need to plan my life in seasons and plan what I want to do and really know what lights me up and what fires me up and to experience those things. Maybe it's just spending time with your family while they're here. Maybe it's, I don't know, there's so many pieces, but I love planning out the seasons of your life. So.   I encourage you guys to read it. If you read it and you loved it, I'd love to hear from you. If you read it and you hated it, I'd love to hear from you. Because I love to hear the different sides of this book because I think it does charge. But like my brother, how interesting in one year he said, go and build and slay and do all these things. And the next year he was like, actually have more life experiences and do more fun things so you do die with zero. For me, yes, I want to take care of future generations. We don't have children. I would love to have children.   Kiera Dent (20:36.898) but I have a ton of nieces and nephews that will be my legacy. And so even though, yes, I want to leave a legacy for them, I guarantee you, I would rather make memories with them than leave them a check. I mean, and I think there's a way to do both, but I also know for me, I'd rather spend so much time with my parents and my grandparents than having an inheritance from them. That makes me so emotional because I just think about, I love my parents so much and I don't know how much time I have with them.   And I would hands down rather go on trips to Maui with my parents or trips to wherever we go or spending time with them, making memories with them rather than them leaving me an inheritance. Like that's my job and my responsibility to figure out how to take care of my life, not expect my parents to leave it. Again, that's my own perception. Everyone has their own, but I think most of us would probably fall in my bucket. We'd rather have more time and more memories with those that we love rather than.   them leaving us a check. Now again, you might have people that you don't like and you'd rather them just leave you a check. But I think that's the whole premise of the book, which is why I absolutely loved it. And I hope you guys read it. I hope you loved it. And if you don't, I'm not offended. Please send me because I want to just give you guys things that make and challenge your perceptions and beliefs. So with that, that was our book club for this month. I hope you loved it. Next month, I hope you read it. It's called, let's see, the next one is going to be   The Power of Fun, How to Feel Alive Again by Katherine Price. So be sure to join us next month. I think this one's fun. It's got confetti on the front cover of it, which is why I picked it, because I believe life should be fun, if you can't tell. But definitely, The Power of Fun, going and enjoying that, How to Feel Alive Again with Katherine Price. So I hope you join us next month. As always, if there's a way that we can help you look at your business, this is what I actually am obsessed with doing, is looking at your business and your practice and...   helping you figure out what do you want your life experiences to be and what do we need your business to produce and to create while creating the most incredible experience for your team and your patients. So that way you can die with zero or die with whatever you want, but that you've lived the most fulfilled and rich life. And that's really what I do for our doctors in our consulting. And I'd love for you to be a part of that. So reach out Hello@TheDentalATeam.com. And as always, thanks for listening and I'll catch you next time on the Dental A Team podcast.

Kiera joins Haley Schultz on The Dental Download podcast to talk about maximizing associate dentistry. They discuss how to go about learning about numbers, overhead, meeting cadence, leadership and more, as well as the Dental A-Team's educational resource for new dental school grads. Episode resources: Listen and subscribe to The Dental Download podcast Listen to episode 654, Behind the Curtain of Dentistry Reach out to Kiera Tune Into DAT's Monthly Webinar Practice Momentum Group Consulting Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast Transcript: Kiera Dent (00:00.91) Hello, Dental A Team listeners. This is Kiera, and I am so excited because I actually did an amazing podcast with Haley from Dental Download, and it was all about associates, and I really feel like you guys are going to love it. And so I wanted to actually do a crossover episode on our podcast, so I really hope you guys enjoy. It was all about associates, getting you guys a ton of perks, coming out of school. I think it's great for you guys, and I hope you really enjoy it.    Haley Schultz  All right, hello, everyone. Welcome back for another episode. I know last time I had you on, we talked a lot about kind of the business side of dentistry and a lot of what you do with improving practices. But today I thought we could talk more about kind of advice for people that are going in as associates. So maybe they're not owners yet, but how can they maximize that time to kind of be prepared for ownership? So I'd love kind of your opinion. So if someone is going in as an associate for their first time at an office,   Kiera Dent (01:20.878) Thank you.   Kiera Dent (01:33.806) Thank you.   Haley Schultz (01:39.466) What are some things that they can do or maybe what should they be trying to learn from the owner to get themselves prepared for ownership down the line?   Hey, I'm so glad you asked this question because I did work at Midwestern University's dental college for three years in Arizona and I just want to like plant a seed and then I'll answer your question. So planting the seed is I've talked to so many owner doctors. I know the students and I feel like sometimes what students do because they're in such a learning phase, right? I worked with hundreds of them and so many of them told me Kiera.   I know you told me this before, but I really wish I would have just taken the plunge into ownership. Initially, I was so afraid to do it, but really like an associateship is, it is beautiful, but I think it's kind of like dental school, right? You're D1, D2, D3, D4. It's almost like you guys have this path of D1, two, three, four, associateship, and then I'll become ready for it, or even residency associateship, then I'm ready for ownership. And I think it's similar. I mean, we don't have children. You can use this example. I've heard it many times of...   You're never really ready when you get married. You're never really ready for children, but you jump in and you know you're going to be able to figure it out and we learn it along the way. So I just want to plant a seed. Um, almost every single owner I've ever talked to asking about their associate path. They all have told me, I wish I would have just straight on into ownership. So I'm just going to plant some seeds out there. It does not mean you need to do it because I know it can feel scary, but maybe just like percolate on that a little bit. So if you do elect to, cause I think most people go into associateship cause you feel like.   I'm not prepared. And I want to say that most dental students, I'm saying most, you know yourself, so go for it what it is. But most dental students are actually more prepared than they think they are. You don't have as much like quote unquote, real life experience. And so I think the, the part that feels daunting is you don't really know how to like run a team. You don't know how to do the billing aspect of it. You don't know how it's, it's the nuances of running a business. But what I want to let you know is most associates in that they're super proactive, just like some of those students in school.   Kiera Dent (03:38.094) owning a business is still gonna feel very daunting when you do get to that point. So just throwing those ideas out there, like the pieces you don't know about ownership that you're scared about, it's gonna hit you when you do buy the practice regardless. So, but if I was saying like, okay, I know I wanna go into an associateship, I know I wanna go in and I wanna own, basically I'm gonna take this time as like my mini residency in business. That's how I would treat this as an associate of.   But that doesn't mean you're, I mean, cause you're also trying to learn like, Oh, I got to get my hand skills up and I've got to get my speed up and I've got to figure out how to work with an assistant. I think there's that piece that is beautiful that an associateship does allow you to do. But on the flip side of that, if you're going to go be an associate, I would definitely go learn all the billing and all the front office and go sit with the biller and say, Hey, I'm Haley. I have no clue what I'm doing here. I want to learn how to submit claims and just sit with them. They'll laugh at you. They'll giggle with you and be like, I have no idea what I'm doing.   teach me how to do this, and then you actually submit claims. You actually call on the insurance plans. You actually answer the phone and schedule a patient. You actually go through and you present a treatment plan with the treatment coordinator. You listen to them. Listening and observing is different than doing. And so I really would just take it as like, that's my mini residency because the business aspect is going to be the part that's going to rock your world of managing the team, of reading the books, getting the PNL.   I would talk to your owner doctor and say, hey, I'm super intrigued by business. Can you teach me? Like, I want to see how you look at your P &L. How do you talk to your bookkeeper? They might be willing to share. And if they're not, then hey, rock on. Come talk to me and I'll show you how to do a P &L. But really, I think that that's the pieces that are going to maximize you. You've got to learn the numbered aspects of the KPIs, the overhead, the bookkeeping, financial, the legal aspect. Like, that's the whole business side. And then the flip side is the billing, the office management.   how we run our meetings, what's the cadence. Those are, I think are the two pieces in addition to getting your hand skills up that really is, I think a great way for you to maximize your associateship if you elect to go that route. But remember sitting in someone's house, like think of us growing up in our parents homes. We lived in a home. We saw our parents pay the mortgage. We saw them pay the bills. So we saw it, but until you have that ownership piece on you, it is a magnitude that I don't think there's really a way to prepare you. You like,   Kiera Dent (05:55.662) It's up to here at your neck of like, oh my gosh, I have so much debt. And so just realizing that I haven't found a great simulator to prepare you for real life, just like our parents couldn't prepare us for marriage. Like we watch our parents with marriage. We watch tons of people with it, but living a day in and day out, I think there is an element that really you just have to jump in and then gain the mental stamina and grit. I think is the best advice of how can I manage those emotions, master my emotions to ride the tidal waves of life and not get thrown off.   Yeah, that's great insight. And I'm curious in terms of if you do work with doctors right out of school that are going into ownership, are you working with many people right when they are getting started on they just bought their practice from ground zero or are you mostly having clients come in years into ownership and like, okay, we need to turn things around, we're struggling with this?   Yeah. So, Haley, I'm glad you asked and you actually inspired me on our last podcast. I realized our consulting company didn't really have something that I felt was affordable for new grads. And I felt like that was just a zone. And we know my model is I just want to serve and help as many dentists as we possibly can to like love life and enjoy the aspects. So we actually just created a part of our consulting that is way more budget friendly, but gives the foundations.   of the practice, it's more of a kind of like there is some DIY, but also you get massive access to the consultants. It is more in a group setting mastermind style. So you're learning from other doctors. You can ask your questions. We almost walk you through, not almost, we do. We walk you through like the 12 systems of how to set up your practice based on the months of the year to like get you in this good place. But it's way, way, way more budget friendly because I can do it on more of a math scale. And then when you're ready, you can add on calls and whatnot, because I just noticed that was a gap.   And I feel like it's a gap in a lot of consulting because it's like kind of like financial advisors and me and Ryan Isaac, like we talk about this all the time. Like dentists, when you get out of school, you need a financial advisor to make these decisions, but financial advisors usually don't take you until you're making over a million. Well, same thing with consultants. Like we don't want to deal with they, you don't have the money. That just seems ludicrous to me. Cause then like you said, you're in hot water and now we're trying to bail you out of it. So, um, I'm actually really excited. We have.   Kiera Dent (08:11.118) quite a few new like brand new doctors in there. We've got some existing doctors too, because I didn't want to just like only have newbie docs. Like we do have some advanced doctors. So, and it's just been really, really fun to see it evolve, but the doctors are loving it because it's doctor and team. And we'll talk about it more at the end, but truly any person who comes from this podcast, just mention it. You guys are getting 25 % off your monthly fee for life because I want students to feel confident owning practices.   I want you to feel like you've got resources of a consultant on demand basically, because you're going to have a ton of questions. I know what you're going to go through. And I just saw that was a gap. So, math kudos to you of just planting the seed. And then our team went to work and we built a product that is beyond beautiful. And you get nine hours of consultant access per week or per month, excuse me, which right now most clients are only getting an hour and a half of time from a consultant. So we tried to just like...   maximize it. Yes, it's in a group setting, but I believe that there's a massive, massive, massive advancement. Think about in class, students raise their hand and they ask questions that you never would have thought of, but you at least get the answer to it, similar to our consulting, and you still can have access to answer all your questions. I just thought that that was a gap, so we decided to roll that out, and so 100%. Then there's also a lot of clients that when you're going to buy a practice, I think this is really important to note.   you usually see the cost of the practice and so you go to the bank to get that. And I recommended for years, ask for a little, like I'm talking 50 to 100K more of working capital if you can. And that's what you invest in CE and consulting and equipment because that's going to propel your business forward. It's not the actual line item of my practices as much. Tack it on and say, I'm hiring a consultant or convince the practice you're buying to hire a consultant. So it goes into the roll up fee.   Those are the things to do so that way you have the funds available when you really need the help the most.   Haley Schultz (10:07.85) That's awesome that you created that program. That's exactly like there was definitely a need for it. So I'm excited to know that that's available now for people. But when it comes to again, an associate perspective, and I mean, it can just be anything you're seeing with your clients for if they need to increase production, if that's one of their problems that maybe they're not producing enough. Do you feel like the time needs to be   Yeah.   Haley Schultz (10:31.082) towards clinical skills, actual CE, or is a lot of time it more communication skills that people need to really increase that production.   Hmm. I think that there's gosh like like tenfold I think there's a lot of things that can go into it and so I'll just kind of like hit the high points number one I think given a lengthy amount of time Students and new doctors tend to take that amount of time. So my biggest piece is timing yourself There's these cool little blocks on Amazon and you can get your assistant to do it where you can like wipe it and it can be clean But you can actually flip the timer once you walk into the operatory and see how long it's taking you to actually prep the crown. I   in addition to going and getting the exams and see how long your exams are taking you and just start timing yourself. It's kind of like when we train for like marathons or you're training for your race times. And if we're not tracking our metrics, you're actually not able to improve that. So I found like one of the biggest pieces of increasing production is just being able to shave off one, two, three, four minutes. That's going to radically help you. If you can shave five or 10 minutes for every procedure in a day, you're actually opening up space to add in one or two more procedures.   and you're getting that dollar per hour production up. That's also gonna track you in on your dollar per hour for production. And so, not on the, don't get wild on me. Let's not go for our gross. Let's go for our true like office fees of like what the insurance will pay you. So go off that number. But when you actually start tracking what your dollar per hour is, most associate doctors come out and they're producing about 500 per hour. So like trying to get us into that $4 ,000 a day.   But if you can get that up to even $600 an hour or up to $700 an hour and you productively schedule your day, that radically will increase that production. And so, and then also having confidence in yourself and pushing yourself, like you're going to get into a bind. And that's where I think communication skills come into play. If you know, I can push myself on my procedures and I can get my hand skills faster. I just need to have the word ninja skills to communicate to a patient in case something goes awry. Guys, it's dentistry. You are a real life artist working in someone's mouth.   Kiera Dent (12:34.83) own that and be okay with him. Be like, you know what? Things just didn't quite go as planned. Push the next patient down. You learn, but don't get scared of that because you're learning. It's like a child who falls off a bike. They're not, they need to get back on that bike and keep riding. Same thing with you. So I really feel like tracking your production per hour, timing yourself and making sure it's there. And then figuring out like what takes you a long time. Is it the crown prep? Is it because you're not using your assistants and so many associates right out of school don't use their assistants. Like I am an assistant.   Let me help you. Let me hand you the instruments because it's crazy. We think like, I'll just grab it. It's faster. No, if you can keep your hands right in the mouth and you've got a really good assistant that constantly is sending it to you and they're right there, your production is going to go up exponentially because, and then also have your assistant. Like I recommend associates going into a practice and find the most seasoned assistant and ask them like, Hey, when do I need to go to an exam? Like almost have them guide you.   of when you need to be leaving the room. Cause that assistant knows your most optimal time. Like get out of here. I'm going to take an X -ray and then get back in here in five minutes. And we're going to keep rocking and rolling. So I oftentimes, my opinion is when associates go work for practices to give that associate the most seasoned assistant. I know the doctor never wants to give their perfect assistant up, but that assistant is going to force an associate to move faster, show you how to really get the rope. So I think there's like multifaceted. Usually it's not CE right out of school. You might be struggling with like,   sensitivity on that, just get your owner doctor to come in and assist you, or you go assist your owner doctor and figure out like, how do they actually put the band then? How do they cure? When are they doing these things and pay attention to almost their efficiency flow? And I think if associates will also do that, like, I know it sounds weird to go assist them, but you're watching to see how quickly they move and when do they go do the exams? And I think you working with your owner doctor a little bit more can really increase that production up for you. So tracking your numbers.   figuring out how much time it really does take you, shaving it off one or two minutes every time to just get it a little bit more efficient, seeing that owner doctor and then getting those beautiful communication skills with your patient of like, it was a day today and this is just real life dentistry and real life and thank you for waiting. Never apologize. I think a good phrase is like, thank you so much for waiting. I really appreciate it and let's get rocking and rolling. Don't be like, I'm so sorry, I'm so, cause you put yourself in a wrong phase.   Kiera Dent (14:55.566) Thank you so much for waiting. Let's get rocking and rolling. I always give my best patient care to every patient and then figure out where you went awry that day and make it better the next day is what I'd recommend.   I love all those tips. And when it comes to communication skills in terms of like case acceptance, I know a lot of offices now have treatment coordinators anyways, so the doctors aren't so much like selling treatment anymore in a lot of cases, but at the end of the day, like the patients want to ask the doctor questions. So what are some things that you recommend people kind of hone in on when it comes to discussing treatment with patients?   Mm -hmm.   Kiera Dent (15:32.59) This will be my favorite thing that I'll ever give everyone. Doctors, remember you are selling treatment and they're buying your confidence. So many doctors push off like, oh, it's a TC. And the TC's are like, no, no, no, you T for me. You've got to get this T'd up for me and you're confident. And you've helped this patient realize this is what they need. So a lot of doctors feel bad because they don't want to give bad news. And I'm like, you're not giving bad news. You're just educating them what the state of the mouth is in. That patient, they made choices.   they chose to drink the diet sodas, they chose to like sip on this, like those are choices they made. Educate them and then always end it with like, and the great news is we're going to be able to get you healthy, I'm here for you. And then this is what I say of your best case acceptance tip and I call it NDTR is my perfect handoff. And I think in my, what I love and associates love this is it kind of gives you a framework of how do I do my exam? So I recommend comprehensive exam, walk them through it.   tell them everything that's going on and then you do NDTR. You can remember New Dentist, Tough Road, Newter, Nevada Dentist, Totally Rock. Like I've heard all the things, Never Date the Rookie. Like however you want to remember this, I don't care. But someone says Newter and that just makes me giggle. But it's next visit, the date to return, how much time is needed and make sure their re -care is scheduled. So at the end of it, and I call like putting a bow on your treatment plan package.   And so it's like, all right, Haley, I want to get you back. Like the great news is we're going to be able to get you healthy. And I'm excited to get your mouth healthy and clean again. So I want to see you back in about two weeks. We're going to get started on the upper right. We're going to get, take care of that crown and that root canal for you. It's going to take me about two hours for that. And I want to make sure you've got your cleaning scheduled. What questions do you have for me? Um, I want to make sure you're super confident. I didn't ask, do you have questions? I told them what needs to happen. They're super clear because oftentimes patients feel like.   Well, where are we starting? And a lot of new grads, especially really get funky on their, on their exam. Cause like in school, someone else does it. They bring them back. Like they have to come back. They're here for like 500 hours. Cause you guys have to get all the checks on it. And so in private practice, they have to know where you're starting. You have to know where you're starting and you'll get faster at that. So worst case scenarios, you just start in the upper right. Always like, okay, I go up for right. Like that's always my go -to until I get better at like where my chief concern is. But it's, I want to see you back in about two weeks.   Kiera Dent (17:52.654) Or if you know your schedule is wide open, I want to see you back in about a week. It's going to take me two hours for this. Please don't underestimate or overestimate. Like let's try and get that dialed in. This is where you also time yourself. So you're more confident on giving that timing. But if you will do that pretty bow and your team takes that up and they use that perfect bow, your treatment coordinator now can say, all right, Haley, let's get you scheduled. You're going to come back with Dr. Schultz. She's incredible. She wants you back in one week. So I'm going to schedule you on Wednesday at this time. She needs two hours for the crown, the root canal.   and then they'll go over the finances. Doctors, you are convincing this patient, they're buying your confidence. That's what they're buying. They're not buying the crown, they're not buying the root canal. And I do think you having that confidence and not like, well, you know, you kind of had this. And I'll say a lot of females tend to be a little more passive on their diagnosing. And I just want to give the female doctors the bike, girls, like we can do this and you are totally capable and like, don't feel bad about it. Cause I think we have these empathetic hearts.   Go in and diagnose confidently because they're buying your confidence is what they're buying. And looking at you, are you the person who can truly make my mouth healthy again? That's what I'm buying. And I'm looking at you of like, are you sure? And the more confident you doctors are, men have it too, don't worry. But I just watch it and Haley, you're a female, so I think I'm talking more to you than anyone else. But like truly, I hope that all doctors have the confidence in themselves. Another question is like, hey, how long have you been practicing dentistry? Four years.   You guys have been practicing for four years. Don't tell them you're brand new out of school. Like they don't need to know that move along. It's fine. In a year, you're going to look back at your treatment and be like, wow, that was terrible. It was the best you did at that time. And you're always going to judge yourself as you move on. And that's how you make yourself better. So like, don't feel bad about it. You can always fix it and you move on and you just make it better and better and better every single day.   That was good advice as well. And before we wrap up, I know you've already given us like so many great pearls, but I like to give people a chance for just like any closing thoughts in terms of advice for dentists that are just getting started.   Kiera Dent (19:53.934) when you have way more skills than you think you do. And I think like having that confidence within you, you went to a great school and you're going to make mistakes. And I remember, so I started with a dental, a dentist, she was straight out of school and we started our first practice and we took our practice from 500 ,000 to 2 .4 million in nine months as a brand new grad. So I like to paint that story, not that you need to do that, but I love to hear what's possible because then you can expand what's possible for you. And I remember there was one night we were sitting there and she,   bombed a root canal. Like I'm telling you, it was a bomb. Like we broke off a file. Like it was awful. And I remember we were sitting there at the end of the day and I said, you're better than this. And I remember she was like, wow, you're like cut throat when she's down. But I think it was one of the best things I ever said because she is better than that. And she knew she's better than that. And so because like she made that one mistake, she could have let that haunt her or she can make it like make her better. And so you will make mistakes. And that's part of being a dentist.   but it's how quickly can you recover from that mistake and make it better and realizing nothing is permanent in dentistry. Like everything can be fixed, everything can be resolved. Like most of the time we're probably not gonna kill a patient. So our risk isn't super high. And I just really wanna give you that vote of confidence that you are well -trained, you are going to learn, you are going to make mistakes and that's part of the journey, but the faster you can learn from that mistake and do better and be better.   the better you're going to be for those patients. And to me, I feel like as a dentist, this isn't about you. It's about you being the best for your patients and giving them the best clinical care. And when you remove yourself from it and your ego and realize I got to be the best for this patient, it gives you that motivation to rise up, to do the best treatment plans, to give them the confidence of when they need to come back, to realize like, if they don't come to me and I know I'm a good dentist, they're going to go to someone else who might not be as good of a dentist. And I owe it to my patients to be giving them the best dentistry possible.   We only have our 32, which most of us only have 28 teeth. We get one set and you as a dentist, I want you to take that on and realize you are the best for those patients. Rise up to the level you're capable of and believe in yourself more than you give yourself credit. Cause gosh, I've seen a lot of rough dentistry and most students coming out of school are not that way. You've been trained, grow, evolve and realize you've got so much potential in you. Don't give up. Even when you have that bad case, do better, be better and come in tomorrow and be better.   Haley Schultz Thank you so much and thank you again for your time today.   Kiera Dent Of course, thank you. And as always, thanks for listening and I'll catch you next time on the Dental A Team Podcast.

There's an intricate dance between aggressively pursuing financial freedom and staying physically, mentally, and even spiritually healthy. Richard and Ryan Isaac talk about this nuanced debate of wealth versus health within our profession

Ryan Isaac is once again on the podcast! In this episode, he and Kiera discuss how impactful burnout can be, what the signs are, and how to overcome it. Also, both the Dental A-Team and Ryan's Dentist Advisors have summits coming up! Get the details: DAT Virtual Summit — The Prosperous Dentist: Strategies For Wealth and Wellness, Friday, April 26, 2024 Dentist Money Summit: Learn how to live your rich life, June 21-22, 2024, code DAT25 for discount Episode resources: Tune in to The Dentist Money Show Reach out to Kiera Practice Momentum Group Consulting Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast

On this week's show Luke Leahy joins us live in the studio, we have all the action and reaction from the game against Cheltenham Town, German Comedy Ambassador Henning Wehn drops in for a chat, there is another session of Ask Luke, plus Chairboys fan Ryan Isaac joins us for Till Death Us Do Part. --- Send in a voice message: https://podcasters.spotify.com/pod/show/phil-catchpole/message

Richard and DentistAdvisor.com's Ryan Isaac simulcast this episode to both their platforms. Richard talks candidly about the challenges and triumphs of growing the Shared Practices podcast, his own dental practices, and the Shared Practices Group. From being a technician at heart to embracing the chaos of entrepreneurship, they each share their personal experiences from their years in our industry. 

Discover the journey of Elements from its inception at Dentist Advisors to becoming a key tool for many financial advisors. Reese Harper and Ryan Isaac share their insights on the system's impact, its role in enhancing client interactions, and its evolution from manual efforts to sophisticated technology.

Ryan Isaac, from Dentist Advisors, talks with Richard about the lighter side of finance, how our personal lives intersect with our financial decisions, and the evolution of language and trends, particularly in the context of his teenage daughter's ever-changing lexicon. They draw parallels between the emotional bonds we form with people and the bonds we form with money. Ask the Coaches

Ryan Isaac of The Dentist Money Show (and common guest on the DAT process) joins Kiera to dive very deeply into 401(k) plans for your business. Ryan simplifies a lot of the intimidating information, including what the heck 401(k) even means, the logistics of setting up a plan, how to know what type of plan to choose for your company, and more. Episode resources: Tune in to The Dentist Money Show Listen to episode 746, A Consultant, Financial Advisor + Dentist Perspective On Life Listen to episode 590, Unfiltered Advice on Choosing a Financial Advisor Reach out to Kiera Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast

If you're wondering where to find insight from a dental consultant, dental financial advisor, and dentist in one go, THIS is the episode you're looking for! Kiera, Ryan Isaac, and Dr. Ashley Joves come together to talk about common industry trends from three different perspectives. They discuss: Prioritizing a personal life The shakeout of major transitions Today's dental industry environment (DSOs + multi-location practice owners) Increasing cost of people in practices And more! Episode resources: Check out Dentist Advisors Tune in to The Dentist Money Show Then, listen to The Making Of Listen to episode 590, Unfiltered Advise on Choosing a Financial Advisor Listen to episode 742, Secret Sauce to Having an Engaged Team Reach out to Kiera Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum!

Our good friend Ryan Isaac from Dentist Advisors explains the absolute best ways dentists can lose as much money as possible in the shortest amount of time. Richard and Ryan talk about the psychology of investments for dentists, discussing the allure of high-risk ventures (even the emotional ties of familial or community pitches), and the responsibility of financial advisors to guide rather than dictate decisions.

Ryan Isaac from Dentist Advisors and Richard Low talk about building wealth through private equity (practice ownership), real estate, and index funds.    Relevant resources

On today's episode, Dr. Mark Costes has his interview wrapped up by the host of Dentists are People too, Ryan Isaac. Mark Gets down to the nitty-gritty when discussing health and aging, leaving your legacy and morning routines. From getting up early to accomplishing what some of us get done in a day by 8 am, it'll leave you speechless. Tune in to get inside the mindset of Mark Costes in this driven interview! EPISODE RESOURCES https://dentistadvisors.com/team/ryan-isaac-cfp https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast Visit the Dentalpreneur Podcast website Write a Review on iTunes

On today's episode, Dr. Mark Costes is interviewed by Ryan Isaac, host of the new podcast Dentists are People too. Mark talks about meeting Ryan Holiday, being humble, trying something new, and even a bit about his tattoo and ancestry. Going back generations, retracing your family's lineage couldn't be more exciting! Tune in to get inside the mindset of Mark Costes in this explosive interview! EPISODE RESOURCES https://dentistadvisors.com/team/ryan-isaac-cfp https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast Visit the Dentalpreneur Podcast website Write a Review on iTunes

Financial advisor Ryan Isaac is on the podcast once again to give advice on selecting a financial advisor, including whether or not you should even get one. Together with Kiera, Ryan covers the following in this episode: What a financial advisor does How to hire a financial advisor When to hire one And more About Ryan: Co-Founder of Dentist Advisors and host of the Dentist Mone Show, Ryan Isaac is a trusted financial advisor to dentists across the country. As a regular speaker at dental events nationwide, Ryan shares his expertise in portfolio management, debt reduction, tax management, retirement plans, profit-sharing plans, and insurance. He is a CFP with deep financial planning expertise and has been a major contributor to the growth of Dentist Advisors, including the development of the Elements financial planning system. Episode resources: Check out Dentist Advisors Tune in to The Dentist Money Show Listen to episode 544, Stocks & Assets: What is on the Horizon Reach out to Kiera Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast

What was supposed to be just a discussion on dental specific wealth management tips turned out to be a highly engaging up-close-and-personal chat between two long-time friends.  In this episode, Dr. Mark Costes and Dentist Advisors Co-Founder, Ryan Isaac, catch up on surfing, flying, island-hopping, and yachting in the Adriatic Sea, camping and athletic choices.  They also let us in on anecdotes on parenting, lessons learned from Dad, career evolution, regrets and missed life pursuits, while giving hacks on financial freedom. EPISODE RESOURCES dentistadvisors.com Dental Success Network Subscribe to The Dentalpreneur Podcast Visit the Dentalpreneur Podcast website Write a Review on iTunes

Ryan Isaac of Dentist Advisors (and Kiera's personal financial advisor) again joins the podcast, this time to talk about the state of the stock market and how to best protect your assets right now. He also provides insight on how to grow your money, how long it'll take to reach milestones, and what advice he has for dental professionals RIGHT NOW. About Ryan: Co-Founder of Dentist Advisors and host of the Dentist Mone Show, Ryan Isaac is a trusted financial advisor to dentists across the country. As a regular speaker at dental events nationwide, Ryan shares his expertise in portfolio management, debt reduction, tax management, retirement plans, profit-sharing plans, and insurance. He is a CFP with deep financial planning expertise and has been a major contributor to the growth of Dentist Advisors, including the development of the Elements financial planning system. Episode resources: Check out Dentist Advisors Tune in to The Dentist Money Show Listen to episode 272, What Your Office Should Focus On Now Reach out to Kiera Subscribe to The Dental A-Team podcast Become Dental A-Team Platinum! Review the podcast

In this episode, we talk with Ryan Isaac from the Dentist Money Show about whole life insurance. We get into the pros and cons and go through some real-life stories.  Resources for Life and Dentistry: www.lifeanddentistry.com  Click HERE to leave us a review on iTunes Facebook  Instagram  Twitter If you have any questions you can send us an email to lifeanddentistry@gmail.com. We want to say thanks to each and every one of you for listening and supporting the show! We couldn't do any of this without you all. Enjoy!

This week I got to sit down with Ryan Isaac of Dentist Advisors on episode 36. Having recently made the move to California where you can always find him with a taco or surfboard in hand, Ryan has also had quite the journey co-founding and growing Dentist Advisors over the last 15 years.  We had a lot of fun on the call talking fitness, family, and really digging into some of the key hurdles and achievements of Dentist Advisory. They started out as a general advisory firm, but eventually Ryan and his partner, Co-Founder, Reese Harper, decided they wanted to be more than just an independent firm, they wanted to be a niche firm.  Now they are thriving as a financial planning and investment management company exclusively serving dentists - focusing on educating instead of selling.   Read the Highlights: joshuascott.com/videos/financial-growth-through-authentic-education   GO LIVE is an interview show hosted by Joshua Scott. Episodes are hosted live every week on Facebook and include some of the dental profession's top influencers and thought leaders. Learn more about Joshua Scott at www.joshuascott.com.   Subscribe to the Podcast: Apple | Google | Stitcher | Spotify

In today’s episode, David Janesh, your host, is joined by Ryan Isaac from Dentist Advisors, a certified financial planning and investment management firm for dentists. Co-Founder of Dentist Advisors and host of The Dentist Money™ Show, Ryan Isaac is a trusted financial advisor to dentists across the country. As a regular speaker at dental events nationwide, Ryan shares his expertise in portfolio management, debt reduction, tax management, retirement plans, profit-sharing plans, and insurance. He is a CFP® with deep financial planning expertise and has been a major contributor to the growth of Dentist Advisors, including the development of the Elements financial planning system™.   In today’s episode, Ryan is sharing his financing expertise identifying the obstacles and opportunities that the COVID-19 global pandemic is laying ahead of us. Ryan also talks about these important topics for all dental businesses: How to diversify? What “the market” really is. How does your trajectory separate you from the other dentists out there? It is not true that the best path is the one that will provide the highest return. Why you need to have some liquidity The number one obstacle for any dentist’s path: being unorganized. Balancing personal and professional satisfaction. Three main categories that drive people’s motivation: autonomy, mastery, and purpose   Top three takeaways: It is nice to see a dentist have some balance between multiple locations and real estate but also having enough liquidity. If you think you diversify, you are probably not diversified enough. Pursue what is right for your life, lifestyle, balance, health, and personality.   Mentioned in this episode: Disorganized Dentistry Learn more about Ryan Issac Dentist Advisors The Dentist Money™ Show Podcast   Tweetables and Quotes: “At Dentist Advisors, we build portfolios for companies that are representative of what the world’s market looks like.”   “Continue to invest in a diversified portfolio that can support multiple decades and all kinds of market cycles.”   “Private businesses will always give the highest return since they carry the most risk.”   “Pursue IS happiness.”

We caught up with Ryan Isaac this morning on his 29th birthday from his home in Northwest Indiana. The former Boilermaker defensive end talks about being recruited out of Michigan City by newly re-hired defensive line coach Mark Hagen and the challenges of playing for two head coaches in Danny Hope and Darrell Hazell. He was a four-year letter-winner and played in bowl games in 2011 and '13 for the Boilermakers. Isaac was named assistant director of development - Varsity P within the John Purdue Club in June of 2019. He focuses on advancing annual giving and assisting with advancing membership, marketing, communication and special events efforts of Varsity P, which includes former Boilermaker student-athletes. Before joining Purdue athletics, Isaac worked as a youth behavioral counselor a special education teacher and high school assistant football coach, and in brand management with LW Branding in Chicago, He earned his bachelor's degree in organizational leadership and supervision from Purdue in 2014.         Isaac was named assistant director of development - Varsity P within the John Purdue Club in June of 2019. He focuses on advancing annual giving and assisting with advancing membership, marketing, communication and special events efforts of Varsity P, which includes former Boilermaker student-athletes. Before joining Purdude athletics, Isaac worked as a youth behavioral counselor a special education teacher and high school assistant football coach, and in brand management with LW Branding in Chicago, He earned his bachelor's degree in organizational leadership and supervision from Purdue in 2014.

Join this podcast's Facebook Group: The Dental Marketer SocietyGuest: Ryan IsaacPractice Name: Dentist AdvisorsCheck out Ryan's Media & Info:Email: Ryan@dentistadvisors.comPodcast: https://dentistadvisors.com/dentist-money-show-podcast/‍‍‍Host: Michael Arias‍Website: The Dental Marketer‍‍Join the podcast's Facebook Group: The Dental Marketer Society JOIN MY EMAIL LIST HERE FOR GROUND MARKETING STRATEGIES AND TACTICS.‍‍‍My 3 Key Takeaways:How can you start implementing money saving, investment strategies, when you are in the middle of starting or building your practice?How to avoid being in debt and HAVING to work at 70-80yrs old.Steps a practice owner/ dentist can do today to improve your finances.‍‍Please don't forget to share with us on Instagram when you are listening to the podcast AND if you are really wanting to show us love, then please leave a 5 star review on iTunes!‍‍DON'T FORGET TO:Join The Newsletter here and be a part of The Dental Marketer FamilyClick here to see how you can attract new patients immediately and consistently!Click Here to join the Ground Marketing Facebook Group

In this episode, we talked with Ryan Isaac from Dentist Advisors about financial planning and investment management for dentists. To learn more about Dentist Advisors, please visit https://dentistadvisors.com/  Resources for Life and Dentistry: www.lifeanddentistry.com  Click HERE to leave us a review on iTunes Facebook  Instagram  Twitter If you have any questions you can send us an email to lifeanddentistry@gmail.com. We want to say thanks to each and everyone of you for listening and supporting the show! We couldn't do any of this without you all. Enjoy!

On February 1, 2003, the Space Shuttle Columbia disintegrated as it re-entered the earth's atmosphere, killing all seven crew members. The investigation board looking into the matter found fault in NASA's organizational culture, especially how it handled decision-making and risk assessment. That's where today's guest, Dr. Laura Gallaher, enters the story. Special thanks to Ryan Thibodeau, Kris Duvy, Ryan Isaac, Vivian Woo, Richard Mendelson, Veronika Jakl, and Craig Dawson for their questions. Visit the episode page for links and a full transcript. Also, if you like the show, please sign up for the free Department 12 Newsletter. Visit Gallaher Edge to learn more about Laura's consulting services.

Podcast: Elementality for Financial Advisors | Elements Financial Vitals System™ (LS 35 · TOP 3% what is this?)Episode: A Better Way to Answer Your Clients' #1 QuestionPub date: 2020-08-10Our discussion about the most important indicators of financial health begins with the mother of all Elements®, Total Term (Tt). When a client asks, “Am I on the right track?” your job is to have an informed answer—and an accurately calculated Tt score can give you the foundation for a productive conversation. In this episode of Elementality, Reese Harper and Ryan Isaac explain how Tt objectively measures progress toward financial independence and the rate at which someone's Tt score should grow throughout a typical career. This is the brass tacks approach to measuring your clients' financial progress without having to run a bunch of Monte Carlo simulations.The podcast and artwork embedded on this page are from Reese Harper, CFP®, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Elementality for Financial Advisors | Elements of Financial Planning System™ (LS 31 · TOP 5% what is this?)Episode: A Better Way to Answer Your Clients' #1 QuestionPub date: 2020-08-10Our discussion about the most important indicators of financial health begins with the mother of all Elements®, Total Term (Tt). When a client asks, “Am I on the right track?” your job is to have an informed answer—and an accurately calculated Tt score can give you the foundation for a productive conversation. In this episode of Elementality, Reese Harper and Ryan Isaac explain how Tt objectively measures progress toward financial independence and the rate at which someone's Tt score should grow throughout a typical career. This is the brass tacks approach to measuring your clients' financial progress without having to run a bunch of Monte Carlo simulations.The podcast and artwork embedded on this page are from Reese Harper, CFP®, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

It’s a crossover episode! Kiera joins The Dentist Money Show with Ryan Isaac to talk about looking ahead six to 12 months, and what practices should be focusing on... Continue Reading...

“2020 has revealed some ugly truths about dentistry,” says Dentist Advisor Co-Founder and co-host of the Dentist Money Show, Ryan Isaac. Ryan joins us today for a discussion about the biggest financial mistakes revealed by the crisis caused in 2020 and how to regain control of your financial peace of mind. We chat about measuring the basics, what unsexy questions you should be asking about their finances, and how much should 2020 affect your 10-year plan.

Ryan Isaac, CFP, Co-founder and Senior Advisor at Dentist Advisors Ryan Isaac joins Tyler and Payton. A fiduciary to his clients, he shares dental-specific advice: when you need a CPA or lawyer instead of a financial planner, balance and longevity, and why being comfortable with debt sets you up for longterm success.

Our discussion about the most important indicators of financial health begins with the mother of all Elements®, Total Term (Tt). When a client asks, “Am I on the right track?” your job is to have an informed answer—and an accurately calculated Tt score can give you the foundation for a productive conversation. In this episode of Elementality, Reese Harper and Ryan Isaac explain how Tt objectively measures progress toward financial independence and the rate at which someone’s Tt score should grow throughout a typical career. This is the brass tacks approach to measuring your clients’ financial progress without having to run a bunch of Monte Carlo simulations.

There’s no universal standard for financial planning, which means you’ll have to put your own stake in the ground and define what it means for your firm. Where does your minimum offering begin and your maximum offering end? And how will you control the service experience as more clients and advisors enter the mix? In this episode of Elementality, Reese Harper and Ryan Isaac, co-founders of Dentist Advisors, describe the art and science of measuring financial health and the evolution of their Elements® planning methodology.

In this episode of Elementality, you'll hear Reese Harper and his co-founder at Dentist Advisors, Ryan Isaac, reflect on the early days of their business and how they laid the groundwork for a profitable and consistent client experience across multiple advisors. As the demands on their time increased, learn how they answered tough questions, such as: Should we raise our fees? Wait for our clients to accumulate more assets? Hire another advisor? Scale back our service?

Financial advisor Ryan Isaac is here again to talk dollar signs, and this time he’s addressing the most common question he gets from new dental graduates, those in ownership for one...Continue Reading...

This episode is all about money! It’s time to face the truth when it comes to your finances, but Ryan Isaac, senior financial with the Dentist Advisors...Continue Reading...

::Sings Tune:: "Money, money, money.....Money!!" The dreaded word for many professionals. Ryan Isaac, Senior Advisor of DentalAdvisors.com and the co-host of the Dental Money Show Podcast shares some tips, strategies, and advice for the clinicians most pressing money concerns. In the midst of our conversation we also chat about all things related to just being decent human beings. Topics we cover: Tough conversations around money Our money story The debt overload Get help where you can Savings dilemmas Having the 401k conversation with your employer Marvel vs. DC comics Business structure Rachel Hollis Parenting Unapologetic women Disclaimer: The opinions expressed in our episodes are not the opinions of our podcast or event sponsors. Featured book: E-Myth Revisted Episode Sponsor: Beyond the Prophy LLC, www.beyondtheprophy.com Young Dental Innovations, Inc. http://www.youngdental.com/ Subscribe Here: Click here: Subscribe to the Podcast and Leave a Podcast Review Follow Us On Social Media: Like Us on Facebook Join our Beyond the Prophy Community on Facebook Click here: Subscribe to the Podcast and Leave a Podcast Review Where to find Beyond the Prophy®: Facebook: @Beyondtheprophy Instagram: @Beyondtheprophy Stitcher: @Beyondtheprophy Apple Podcast: @Beyondtheprophy Google Play: @Beyondtheprophy Spotify: @Beyondtheprophy Youtube: @Beyondtheprophy

::Sings Tune:: "Money, money, money.....Money!!"  The dreaded word for many professionals. Ryan Isaac, Senior Advisor of DentalAdvisors.com and the co-host of the Dental Money Show Podcast shares some tips, strategies, and advice for the clinicians most pressing money concerns. In the midst of our conversation we also chat about all things related to just being decent human beings.  Topics we cover: Tough conversations around money Our money story The debt overload Get help where you can Savings dilemmas Having the 401k conversation with your employer Marvel vs. DC comics Business structure Rachel Hollis Parenting Unapologetic women Disclaimer: The opinions expressed in our episodes are not the opinions of our podcast or event sponsors. Featured book: E-Myth Revisted   Episode Sponsor: Beyond the Prophy LLC, www.beyondtheprophy.com  Young Dental Innovations, Inc. http://www.youngdental.com/ Subscribe Here: Click here: Subscribe to the Podcast and Leave a Podcast Review Follow Us On Social Media: Like Us on Facebook   Join our Beyond the Prophy Community on Facebook   Click here: Subscribe to the Podcast and Leave a Podcast Review   Where to find Beyond the Prophy®: Facebook: @Beyondtheprophy Instagram: @Beyondtheprophy Stitcher: @Beyondtheprophy Apple Podcast: @Beyondtheprophy Google Play: @Beyondtheprophy Spotify: @Beyondtheprophy Youtube: @Beyondtheprophy

Check out todays episode where our good friend Ryan Isaac, partner at Dentist Advisors speaks to our private mastermind group....Continue Reading...

Live from Phoenix, Arizona, it's Satur … the Dentist Money™ Show starring Reese Harper and Ryan Isaac! Enjoy this Dentist Money™ first — a full podcast recorded before a live audience. Using a few astute observations from comedian Steve Martin to theme the show, Reese and Ryan introduce a crowd of new listeners to the essentials of financial planning. Join in as Reese and Ryan get down to the nitty-gritty of why having a good financial plan is so important.

Hey Ambitious Dentists!   Today I’m incredibly excited to share an interview on a topic that I believe isn’t talked about enough in the dental space.   The topic?   Financial planning and retirement, specifically for dentists.   Now, for those of you who are ready to close out your browser or shut down your podcast app because you’re just getting started as a dentist, it’s never too early to start planning for your financial future and retirement.   I know this topic can be incredibly helpful to many of our SYDP listeners which is why I’m thrilled to have Ryan Isaac cofounder of Dentist Advisors as well as the co-host of the Dentist Money Podcast.   Today we dive deep into the nitty gritty of financial planning and retirement for dentists. Here are just a few things you’ll learn in today’s episode. Why financial planning is essential… especially for dentists. The things you should start doing now to build a secure financial future. Why it’s never too early to start thinking about your financial plan. How to make smart financial decisions as a dentist. The biggest mistakes most dentists make when planning for their financial future.How financial planning is like diet and exercise, and the exact tips and strategies to get yourself on track. The always changing definition of retirement and a helpful way to set yourself up for success. And much more. Even if you’re just getting started with your practice and not even thinking of retirement, I know there’s plenty of key takeaways that can help set you up for a healthy financial future.