Category: Personal Finance
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How to Pay Off Your Mortgage Faster: Practical Steps
How to Pay Off Your Mortgage Faster: Practical Steps If you’ve ever wondered the most brilliant way to pay off your mortgage, you’re not alone. Homeowners often feel torn between making extra mortgage payments, investing extra money, or keeping cash on hand for peace of mind. The truth is, the best way to pay off
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Financial Order of Operations: The Ultimate Money Guide
Financial Order of Operations: The Ultimate Money Guide If you’ve ever felt unsure about what to do first with your money, you’re not alone. Nobody told me what to do while in dental school (they only taught me how to make it!) Many people earn a good income, save a little, invest a little, pay
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Who Needs a Trust Instead of a Will? Key Differences Explained
Who Needs a Trust Instead of a Will? Key Differences Explained When it comes to estate planning, many people assume that having a will is enough (that’s what I thought when I first got out of dental school). A will is important, but it isn’t always the best or most complete solution, especially if you
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What Are Some Of The Things You Should Look For When Selecting The Right Bank?
What Are Some Of The Things You Should Look For When Selecting The Right Bank? Choosing the right bank is one of the most important financial decisions you will ever make. Your bank affects: how you manage your money how much interest you earn what fees you pay how easily you can access your funds
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How To Save For Retirement Without a 401k
How To Save For Retirement Without a 401k For many professionals, the traditional retirement story goes something like this: go to school (for me, it was dental school), work hard, contribute to your 401(k), and hope everything works out by the time you reach your golden years. But for high earners, business owners, and self-employed
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Selling Your Dental Practice: DSO Options and Next Steps
Selling Your Dental Practice: DSO Options and Next Steps Selling your dental practice is one of the biggest financial and professional decisions you will ever make. For many dentists, it represents decades of hard work, patient relationships, and personal sacrifice. It is not just a business transaction; it’s the handoff of something you built from
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What are the Best Passive Income Investments?
What are the Best Passive Income Investments? Passive income has become one of the most powerful tools for high-income earners who want more freedom, less stress, and a faster path to financial independence. The right passive income investments can create steady income, help you grow long-term wealth, and reduce how much you rely on active
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Selling to a DSO: Essential Pros and Cons for Dental Practice Owners
Selling to a DSO: Essential Pros and Cons for Dental Practice Owners Thinking about selling your dental practice or partnering with a DSO… but not fully sure if it’s the right move? With everything changing quickly in the dental industry, it’s normal to feel uncertain about what to do next. Selling a practice is one
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Income Producing Assets That Generate Cash Flow
Income Producing Assets That Generate Cash Flow If you’re a high-income professional — a doctor, dentist, or business owner — chances are you’ve been told to save more and max out your 401(k).But what if the real path to financial independence isn’t saving harder — it’s owning income producing assets that pay you every month?
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What Is Passive Income (and Why It’s the Key to Freedom)
What Is Passive Income (and Why It’s the Key to Freedom) What would happen if your income stopped tomorrow? Most high-income professionals—especially doctors, dentists, and business owners spend years building successful careers. But when everything depends on your ability to show up and work, it only takes one accident, diagnosis, or bad day for your
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Is Being Debt-Free the Same as Financial Freedom?
Is Being Debt-Free the Same as Financial Freedom? For years, I believed “debt-free” meant “free” as I was a huge Dave Ramsey follower out of dental school. No more student loans. No more credit cards. No car loans. No mortgage. I was living the dream, or so I thought. Then, at 40 years old, I
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Dental CPA vs General CPA: Why Dentists Need the Right Financial Partner
Dental CPA vs General CPA: Why Dentists Need the Right Financial Partner Most dentists assume any CPA firm can handle their taxes and bookkeeping. After all, numbers are numbers, right? Not exactly. When I started my perio practice, I hired a local CPA who came highly recommended. He worked with restaurants, construction companies, and a
