Podcast Episode #531: Proactive Financial Planning and Embracing Life Transitions – Dr. Bill Jordan
Episode #531: Dentist Freedom Blueprint Podcast
Proactive Financial Planning and Embracing Life Transitions – Dr. Bill Jordan
Dr. Bill Jordan, an oral and maxillofacial surgeon, shares his unexpected and life-altering journey from a thriving practice to a sudden retirement due to a tremor in his hands that impacted his ability to perform surgery. Bill dives into the emotional toll of this unplanned exit and the urgent need to reevaluate his and his wife’s financial readiness. What followed was a radical shift—from traditional wealth accumulation to intentional budgeting, financial resilience, and building passive income streams.
Dr. Jordan discusses how critical it is for professionals, especially high-income earners like dentists and physicians, to plan for the unplanned. He underscores the importance of proactive financial education, exploring alternative investments, and creating replacement income before it becomes a necessity. We also discuss the vital lesson of taking defiant action and personal responsibility over one’s financial future—rejecting passive reliance on Wall Street, and instead becoming an active steward of capital and time.
Minute Markers:
02:21 – The beginning of the journey and how Dr. Jordan started in oral surgery.
04:58 – Health issues that began to pop up, and how he worked to find a diagnosis.
07:37 – When faced with the unexpected reality of ending your career.
09:03 – Facing the hard question – what am I going to do now?
11:03 – The importance of flexibility and extra income during the unexpected.
12:08 – Making budget changes and deciding what was negotiable.
15:10 – Why you should live within your means.
17:30 – Prepping financial milestones and practice exit strategies before something happens.
19:22 – The options beyond the traditional 401k.
21:19 – The importance of education and being able to do it yourself
24:16 – Taking control and not letting others dictate what you do.
Featured on the Show:
Scaling Time vs Wealth Book
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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
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2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
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If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.