Category: Personal Finance
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Time Is More Valuable Than Money—Here’s Why
Time Is More Valuable Than Money—Here’s Why Have you ever stopped to think about what really matters more: the money in your bank account or the hours in your day? While having a lot of money can make life more comfortable, time is the real treasure. You can always earn more money, but once time is
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Is Being a Dentist Worth It?
Is Being a Dentist Worth It? For many people, dentistry seems like an amazing career. It pays well, offers job stability, and allows them to help people improve their health. But what most people don’t realize is the amount of time, money, and effort it takes to become a dentist. The years of schooling, student
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What Happens to Your Financial Future When You Don’t Learn to Save?
What Happens to Your Financial Future When You Don’t Learn to Save? Good financial habits start young, and the earlier you build them, the stronger your financial future. Learning to save early creates long-term stability, giving you the freedom to make smart financial decisions without stress. Without a solid savings plan, even doctors and dentists
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Top Strategies to Defer Capital Gains Tax and Reduce Taxes
Top Strategies to Defer Capital Gains Tax and Reduce Taxes When selling investments like stocks, mutual funds, or real estate, investors often have to pay capital gains tax. The Internal Revenue Service (IRS) considers any profit from the sale of an asset as taxable income, which must be reported on a federal income tax return.
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Venture Capital vs Hedge Fund: What’s the Difference?
Venture Capital vs Hedge Fund: What’s the Difference? Many investors focus on the stock market to grow their wealth. While mutual funds and traditional investment funds are solid options, alternative investments like venture capital, private equity funds, and hedge funds can offer high returns and better diversification across asset classes. But what do these types
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AI and Venture Capital Trends: How Technology is Changing VC
AI and Venture Capital Trends: How Technology is Changing VC Why Should Doctors Care About Venture Capital Trends? As a high-income professional, you’ve spent years mastering your craft in medicine or dentistry. But when it comes to investing, many doctors rely primarily on public markets, real estate, or financial services. While these strategies can help
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A Dentist’s Take on Dave Ramsey’s Baby Steps
A Dentist’s Take on Dave Ramsey’s Baby Steps Dave Ramsey’s Baby Steps has really made a name for itself as a go-to personal finance framework in America. They lay out a structured, step-by-step guide about: getting your finances under control getting out of debt building up your wealth From the get-go, I saw the Baby Steps as
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Solo 401k vs SEP IRA: Which Retirement Plan Is Better for You?
Solo 401k vs SEP IRA: Which Retirement Plan Is Better for You? Planning for retirement is a crucial step in securing your financial future, especially for doctors and other high W2 earners. If you’re self-employed, you may have additional options besides traditional employer-sponsored 401(k) plans. Understanding the various retirement plan choices can help you make informed decisions
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Private Equity in Dentistry: What Dentists Need to Know
Private Equity in Dentistry: What Dentists Need to Know The dental industry is undergoing a monumental shift, driven largely by the increasing presence of private equity firms. There’s not a week that goes by that I don’t receive an email or direct mail piece from a DSO wanting to buy my practice. From solo practice
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5-Year Plan: How to Achieve Financial Freedom with Real Estate
5-Year Plan: How to Achieve Financial Freedom with Real Estate What drew me to real estate investing was the idea of financial independence: creating enough passive income from real estate to cover my living expenses so I wouldn’t have to rely solely on my work as a dentist. Then, at 40, a wrist injury while
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How to Reduce Credit Card Processing Fees In Your Practice
How to Reduce Credit Card Processing Fees In Your Practice Credit cards are convenient for both patients and medical/dental practices. They make it easy for doctors and dentists to collect payments immediately following an appointment. This convenience helps keep accounts receivables low and simplifies the billing process. However, while card payments are undeniably convenient, many
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Should You Become a Dentist? Pros and Cons
Should You Become a Dentist? Pros and Cons Being a dentist can be a rewarding career choice. You get to help people improve their oral health and boost their confidence. Dentists often enjoy job stability and good pay. I decided in high school to pursue a career in dentistry and eventually trained as a periodontist.
