Want to get rich as a team in the new economy? Here is your ticket: Authentic Gratitude. The US Department of Labor and Statistics reports that the number one reason why Americans quit their jobs is that they don’t feel appreciated. Studies show that gratitude and appreciation are on the decline in the world, and … Read more

Enough About Portfolio Return, Let’s Discuss Measuring and Understanding Portfolio Risk. How will your portfolio survive in a down market? Several economists are predicting a recession for the U.S. economy in 2008. Some believe we are already suffering such pains. Only during difficult market conditions do clients start asking ‘how much risk is my retirement … Read more

How about this for a kick in the pants….as soon as you’re out of dental school, it’s time to start thinking about retirement planning! Below briefly discusses the different types of retirement plans that a dentist should consider. Additionally, the article discusses the consequences of delaying contributions for retirement. Trust me, as a business owner, … Read more

In the previous article, we discussed the many different types of retirement plans. We also came to the difficult truth that we must start saving early to achieve our retirement planning goals. Answering the coveted question “How much is enough to retire on?” can prove to be very difficult for many individuals. When we know … Read more

The golden financial tip of all time is something that dentists hear all the time…yet so few ever put it in place. PAY YOURSELF FIRST by saving 10% and living on the remaining 90%. Why is this so hard? Maybe the answer ties into February’s Recommended Read: The Automatic Millionaire by David Bach. He talks … Read more

With the uncertainty that looms in today’s economic climate, patients are more perplexed than ever on how to pay for things. The dental and medical communities have taken a back seat to big business’s exposure to learning curves when it comes to consumers’ spending priorities. Big businesses learned fast, while the dental and medical community’s … Read more

You can’t open a newspaper or turn on a television without hearing something about the dangerous state of the economic climate in this country. We hear words like: Bail Out, Crash, Housing Crisis and Recession all of the time. These words have the toxic ability to penetrate our psyche and permeate our casual conversation. In … Read more

Comprehensive dentistry in 2008 requires a simplistic yet powerful model of profitability that very few dentists discuss, or even know about. The short of it is that your overhead has to be within reaching distance of 50% (instead of the national average of 67-72%). The race of running a profitable practice is getting tougher. Outrunning … Read more

As I travel around visiting with offices in the New York area, one of the first questions I ask dentists is to tell me how their practices are doing. Inevitably the answers tend to be conceptual; good, not-so-good, terrible. Rarely do dentists know more than a vague interpretation of how they “think” their practices are … Read more

Many pundits argue that the United States won’t see any relief from the current recession until 2011, at the earliest. It’s my opinion that many of the challenges that this country faces haven’t even surfaced yet. Now, whether or not that is true is a worthless debate! The more important topic is what to do … Read more