Would You Pay Your Kids $15,750 a Year? Here’s Why Dentists ShouldAt first glance, the idea of paying your kids nearly $16,000 a year might sound extravagant—or even crazy. But for dentists who own their practice, this is one of the smartest, IRS-approved strategies to reduce taxes, keep money in the family, and build wealth for future generations. In fact, for 2025, the magic number is […]
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Turn Allowance Into Wealth: How Dentists Can Fund Roth IRAs for KidsDentists work tirelessly to build profitable practices, but when it comes to taxes and long-term wealth, many miss one of the simplest strategies available: using your practice payroll to create tax-free retirement accounts for your kids. Instead of handing over an allowance, what if you could legally pay your children through the practice, save thousands […]
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Step-by-Step: How Dentists Can Put Kids on Payroll and Slash TaxesAs a dentist, you’ve worked hard to build your practice, serve patients, and create financial stability for your family. But when it comes to taxes, you may feel like the IRS takes more than its fair share. What if there were a way to legally redirect thousands of dollars each year away from the IRS […]
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The Risk of Mixing Business Loans With Personal Investments for DentistsOwning a dental practice often feels like standing on solid financial ground. The practice generates consistent revenue, banks are willing to extend sizable loans, and it’s easy to believe those resources can be stretched to cover more than just the business. That’s where many dentists take a wrong turn, using practice loans or credit lines […]
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Bad Botox, Bad Business: What Every Dentist Must Know Before Buying a PracticeBuying a dental practice is one of the biggest decisions in a dentist’s career. Beyond the excitement of ownership, it’s also a transaction filled with risks that can quietly drain profitability if the details aren’t examined closely. What looks promising on paper doesn’t always translate into long-term success once you step into the operator’s chair. […]
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7 Partnership Mistakes That Cost Dentists Time and MoneyA dental partnership usually starts the same way: hopeful, handshakes all around, maybe even a celebratory dinner where everyone swears, “This is going to be great.” I’ve seen it, I’ve lived close to it, and I’ve heard the war stories. Two doctors are sitting in a coffee shop with their laptops, excited to finally have […]
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Buy Time, Not Stress: A Dentist’s Guide to Smarter SpendingDentists know stress. Between back-to-back patients, managing staff, keeping up with regulations, and handling the financial side of a practice, it can feel like there aren’t enough hours in the day. The reality is simple: money can’t create more hours, but it can buy back your time—and with it, peace of mind, health, and joy. […]
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Why Buying Experiences Brings More Joy Than Things for DentistsWalk into a showroom, and that new-car smell is intoxicating. Slide into the driver’s seat of the latest model, and you feel a rush of excitement. But fast-forward six months, and the thrill has faded. Now it’s just another car to wash, insure, and maintain. Now think about the last family trip you took, or […]
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5 Happy Spending Principles Every Dentist Should PracticeAs a dental practice owner, you work hard for your income. Long days, packed schedules, staff management, compliance headaches—it all adds up. But here’s a question that rarely gets asked: Is your spending making you happier, or just busier? Research shows the connection between money and happiness is less straightforward than it seems. Yes, income […]
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Turning Chaos into Financial Freedom: An Introduction to My New Podcast SeriesAfter more than 100 episodes of the Dental Boardroom Podcast, I’ve learned something important: dentists are hungry for clarity. Clarity in their practices. Clarity in their finances. And ultimately, clarity in how to build a life that isn’t ruled by money, but instead guided by purpose. That’s why I’m launching a new series—Dental Financial Planning: […]
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