Associates. Get ready to ignite. This video provides a brief overview of the Associates on Fire program.
We’ve developed an Associates on Fire certification as a part of this program. Although it’s elective, we hope every dental […]
Let’s kick off with an overview of the main mile markers in the life of an associate. We’ll discuss timing […]
We’ve got number of dental student loan modules in our Associates on Fire program. In this video, we’ll layout an […]
Students loans can be complex. Let’s kick off with some basic definitions of student loans, and even loans in general. […]
Income Driven Repayment plans (or IDRs) help dental graduates keep their student loan payment low as they begin their dental […]
When you sign up with an IDR student loan plan (IBR, PAYE, REPAY), your payments are capped at 10% of […]
As an associate, you may see the balance of your student loans rising. I know, it’s painful to witness. This […]
The Department of Education has developed a helpful resource for dentists to see all their student loan details in one […]
Dental students and associates often confuse student loan consolidation with student loan refinancing. They are not the same. In this […]
Let’s continue the discussion of student loan consolidation and student loan refinancing. In the prior module, we discussed consolidation. In […]
What should you do about your student loans if you enter residency? Many dentists just go on deferment or forbearance. […]
Do you plan to seek early forgiveness of your student loans through the Public Service Loan Forgiveness program, or the […]
Forbearance and Deferment can be used to temporarily stop making payments on your student loans. How are they different? When […]
Student loans have important tax considerations. This video will outline what is tax deductible and what is not when it […]
When working as a dental associate, you’re going to be paid as either an employee or an independent contractor. These […]
Out of dental school, you have the option of working in a “corporate” setting or a private dental practice. Although […]
The earlier you develop habits of wealth building, the faster you’ll achieve financial success and flexibility. In this video, we […]
Here are some important concepts to keep in mind as you associate in preparation of becoming an owner.
Should you buy or start up a practice? Let’s look at some of the pros and cons to each option.
It’s imperative you build a solid credit score during your associate years. You’ll need it when you apply for a […]
Like real estate, one could argue “location location location” is one of the most important decisions when acquiring a dental […]
Buying a dental practice is one of the most significant financial decisions of your life. Don’t go it alone. In […]
Before we dive into the dental practice purchase process in depth, let’s first review the three main phases of the […]
Let’s now take a close look at the process of evaluating the financial health of a target dental practice. In […]
Let’s now do a case study. Seeing these concepts in action is the best way to understanding them. Imagine you’ve […]
We further explore Dr. Devlin’s dental practice in this case study. Here we look at the reasonableness of the asking […]
Due diligence when purchasing a practice is a heavy topic. But let us simplify it for you. In this video, […]
How do you know if the financial data a seller or broker provides to you is reliable? In this video, […]
When you purchase a practice, you’re attaching yourself to legal provisions that you can’t easily undo. That’s why it’s important […]
When acquiring a dental practice, you also want to evaluate the health of the clinical processes within the practice. For […]
When you purchase a dental practice, you can either purchase the stock OR the assets of the sellers corporation. Which […]
The minute you step into ownership, your world will seem to spin a little faster. But if you’re prepared, that […]
The type of legal entity you select for your practice has in important affect on your taxes, payroll, and general […]
You can’t operate a practice without a dedicated checking and credit card account. Banks offer various features and also have […]
Continuing our discussion about bank features for checking accounts, here we explore check scanners, view-only access, and FDIC rules.
Establishing your accounting system may sound like you’re about to “count beans.” However, those beans represent the outcome of your […]
Within a couple weeks of closing on your practice, you’re going to need to process payroll. You want that payroll […]
AR (or Accounts Receivables) is what a practice owner expects to receive from treatment ALREADY performed on a patient. How […]
On day one of practice ownership, you need a merchant terminal in place and ready to accept payment from your […]
The practice management software is the technology backbone of your practice. It allows you to schedule, bill, and store key […]
When you purchase a dental practice and step into ownership, how do you address the inevitable disruption, or change, that […]
In this video, we’ll look at the six key areas that every good dental business plan will address, and how […]
As the CEO of your practice, you should monitor the financial health of your practice regularly. Your financial reports, if […]
Let’s dive deeper into the accounting for a dental practice. I know, you’re thinking why do I need to understand […]
Let’s explore the dental practice Balance Sheet. This report is important because it outlines what your practice owns, what it […]
PPO contracts are eroding dental profits. Reimbursement rates are stagnant, or even lowering in some cases. All the while your […]
As an S-Corporation, you’re required to pay yourself (yes you, not just your staff) a W2 compensation from your corporation. […]
Taxes are a part of life. But you shouldn’t pay more than you need to. Good tax planning starts with […]
Dentists often fall into a trap known as a “Loan to Shareholder.” In most cases, they don’t even know it. […]
What exactly is the goal of tax planning. Dentists often believe the goal is to eliminate taxes. But there’s more […]
Taxes are a fact of life for dentists. However, with good tax planning you can avoid paying unnecessary taxes and […]
Invariably, you will frequently hear the term “depreciation” when talking with your CPA. What is depreciation, and why is it […]
The IRS makes an exception to their standard depreciation rules in what’s known as a section “179 deduction.” Throughout your […]
Dentists need to start investing early to become financially independent. If designed and implemented properly, business retirement plans, such as […]
Should you pay down debt with extra payments or invest into a 401K first? We tackle that question in this […]
Many associates today are hungry to own not only one dental practice, but many. While the thought of building this empire […]
Time is your most valuable resource. How you spend it will determine every outcome in your life, including your practice […]
Interestingly, money can further both happiness and unhappiness. How do you promote one over the other? In this video, we’ll […]
Building financial security is best accomplished when you think like of yourself like a bank. Banks take their surplus reserves […]
Dental associates have an opportunity for a remarkably successful career. In this video, we share a story about Team Sky, […]
Dentists that follow good principals of financial behavior are the ones that experience financial security and peace of mind. We’ve […]
New dental graduates come out of dental school with significant debt. They have more financial ground to cover than almost […]
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