Dental Financial Planning: Turning Chaos into Financial Freedom - Part 9

Dental Financial Planning: Turning Chaos into Financial Freedom - Part 9

2/16/2026 5:23:04 AM   |   Comments: 0   |   Views: 45
Turning Chaos into Financial Freedom - Part 9


Episodes:
Listen on Apple Podcasts

In this episode of The Dental Boardroom Podcast, host Wes Read, CPA, CFP® shares a clear roadmap for dental practice owners to turn financial chaos into financial freedom. He discusses building a strong advisory team, mastering cash flow forecasting, maintaining healthy cash reserves (“sleep insurance”), and deploying surplus funds through smart investments, debt repayment, and tax-advantaged retirement plans.

Wes emphasizes the importance of automation, regular financial reviews, and integrated tax planning to avoid surprises and stay on track. He cautions against risky tax schemes, encourages disciplined personal spending, and stresses treating a dental practice like a true business by putting excess cash to work strategically.

Highlights

                
  • Cash flow forecasting is essential for financial stability and growth.
  •             
  • Maintain at least one month of expenses as a cash cushion.
  •             
  • Categorize every dollar to improve visibility and planning.
  •             
  • Automate surplus allocation for consistent wealth building.
  •             
  • Avoid aggressive tax schemes and focus on sustainable strategies.
  •             
  • Keep personal spending low to accelerate financial freedom.
  •             
  • Review and adjust financial plans every 3–6 months.

Key Takeaways

                
  • Cash Flow Is Critical: Profitability means little without proper cash management.
  •             
  • Advisory Support Matters: Coaches and consultants help dentists build long-term wealth.
  •             
  • Plan Like a Bank: Maintain minimal reserves and invest the rest strategically.
  •             
  • Prioritize Surplus Use: Fund retirement, pay strategic debts, and reinvest in the practice.
  •             
  • Iterative Planning: Revisit forecasts regularly to adapt to changing conditions.

Conclusion

Wes Read’s message is clear: disciplined planning, automation, and expert guidance can transform a dental practice into a powerful wealth-building engine.

Explore More

Want more podcasts from The Dental Boardroom?
https://podcasts.apple.com/us/podcast/the-dental-boardroom/id1518344747

Want more podcasts from The Dental Sales?
https://podcasts.apple.com/us/podcast/the-dental-practice-sale/id1677648235

Discover Your Complete Financial Team:
https://practicecfo.com/

Discover The Best Marketplace to Buy or Sell a Dental Practice:
https://practiceorbit.com/

PracticeOrbit:
Facebook – https://www.facebook.com/profile.php?id=61559125754834
LinkedIn – https://www.linkedin.com/company/practiceorbit/

PracticeCFO:
Facebook – https://www.facebook.com/PracticeCFO
LinkedIn – https://www.linkedin.com/company/practicecfo/

You must be logged in to view comments.
Total Blog Activity
997
Total Bloggers
13,451
Total Blog Posts
4,671
Total Podcasts
1,788
Total Videos
Sponsors
Townie Perks
Townie® Poll
Do you still use film?
  
The Dentaltown Team, Farran Media Support
Phone: +1-480-445-9710
Email: support@dentaltown.com
©2026 Dentaltown, a division of Farran Media • All Rights Reserved
9633 S. 48th Street Suite 200 • Phoenix, AZ 85044 • Phone:+1-480-598-0001 • Fax:+1-480-598-3450