Blog Posts

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A Doctor’s Tale Of Living Debt Free – No Mortgage
Living Debt Free No Mortgage. Those are the five words we now live by. One of the main reasons for starting this blog was to share our  in hopes to inspire other docs & high income professionals to become debt free and avoid the same mistakes we’d made. It doesn’t matter if you’re still in school,...  Read More
7 Lessons On How To Live The Stealth Wealth Life
I was at my son’s junior high football game recently talking to my friend Tommy. He told me that he’d overheard talk in the stands about a group that donated money to our local high school for the use of a new pavilion in the end zone. He knew that I was part of this group but couldn’t figure out...  Read More
The Hedonic Treadmill – The #1 Reason Why Buying Stuff Won’t Make You Happier
Recently I came across the idea of the Hedonic Treadmill in the fantastic book,   by Jonathan Rauch. This wasn’t a phrase that I’d heard of before but have experienced numerous times in my life. I occasionally get ideas for topics to write on through other personal finance blogs for healthcare...  Read More
How Much Do You Need To Retire?
How much money do docs need to retire on? Well… it depends on many factors. When I first posted this question back in March 2018 on the I had no idea it would attract so many eyeballs (over 7000 views as of this writing!) Before we discuss the details, let’s highlight a few fun facts that keep many...  Read More
How To Become An Accredited Investor And Why It Matters
How To Become An Accredited Investor Each week, I’m enjoying having conversations with other doctors & high-income earners about , specifically syndications. If you haven’t signed up for the Doctor Investors Circle,  to stay updated on the latest articles and syndication investments available. You...  Read More
3 Things You Need to Scale a Dental Practice
            In my , we help dental practice owners and team members become highly efficient and productive. When practices become efficient and productive while delivering amazing experiences to patients, the sky’s the limit on how much they can scale. While the dream is to have a high-producing...  Read More
Year-End Tax Planning for Your Practice
  A number of end-of-year tax planning strategies are available to dental practice owners that can be used to reduce their tax liability. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2020 by delaying end-of-year invoices, so payment...  Read More
1297 Busting Dental Fraud & Embezzlement with Bill Hiltz : Dentistry Uncensored with Howard Farran
For more than 20 years, William “Bill” Hiltz has been helping dentists settle their most pressing and complex problems. Bill’s qualifications in engineering, biology, computer science, data analytics, education and business help him to provide thoughtful insight that is generally unavailable...  Read More
Single Agency VS. Transaction Dental Practice Broker
Single Agency VS. Transaction Dental Practice Broker By now, hopefully you know that  that is a good fit for you and your situation. But did you know that there’s not just one type of dental practice broker? Read on to decide whether your practice is worthy of assistance from a single agency...  Read More
What Tasks Should Your Accountant Perform?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. In our , my colleague Tom Bodin laid out the important rationale for determining if your accountant is doing a “good...  Read More
The Difference Between Rich And Wealthy – Does Money Make You Rich?
Is there really a difference between rich and wealthy? There is but it seems that most don’t know what that difference is.   According to a recent survey, investment firm  asked 1,000 Americans, “How much money would it take for you to feel rich?”   Survey says!: 2.4 million   For them, being...  Read More
The Richest Man In Babylon Summary – 7 Wealth Lessons
The Richest Man In Babylon Summary If you’re reading this post, then it’s safe to say you want to . There’s also a good chance that you’ like to read. People that don’t read much (but want to) usually blame their busy lifestyle yet the smartest and wealthiest people have linked much of their...  Read More
5 Reasons You Should Be Investing In Apartment Complexes
Should You Be Investing In Apartment Complexes? If you’ve read  to replace my income. That’s #1. Second, to share everything that I’m learning along the way so you can avoid the same mistakes I’ve made (and continue making). Sound good? Number 3 and also one of the biggest goals is to help out...  Read More
1293 Successful Multi-Practice Ownership with Dr. Syed Rehman : Dentistry Uncensored with Howard Farran
Syed graduated with a Bachelors in Dental Surgery in India and decided to move to the United States for a better life. He and his gorgeous wife Ameena moved to Chicago and fell in love with it. After several struggles he got accepted into NYU Royal College of Surgeons' one year Oral Surgery...  Read More
The #1 Reason That 50% of Businesses Fail Within 5 years (and How Business Owners Can Prevent it From Happening to Them) with Adam Lean
Half of all small businesses go out of business, they never even see their fifth birthday. And it’s pretty much because of one reason; they just simply ran out of cash. Today we are talking with Adam Lean on the  Adam Lean is the founder of the CFO Project. Adam became an accountant immediately...  Read More
How to Choose the Best Broker for Your Dental Practice Transition
How to Choose the Best Broker for Your Dental Practice Transition  will focus on the bottom line and vet potential buyers while alleviating stress for you. But how do you know which broker is the best fit for you and your practice? Read on to find out. Ask the right questions Before hiring a...  Read More
401k vs Real Estate – Which Is Best?
401k vs Real Estate – Which Should You Invest In? For the first part of my career, I invested the traditional way that most of us do – in retirement accounts. I did this because it was all I knew to do and also how most of the millionaires in the books, , gained a seven figure net worth. Now I...  Read More
How Do I Know My Accountant Is Doing a Good Job?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. Recently, we tackled . Today, I’m going to step back into a broader perspective and encourage you to assess your professional services...  Read More
Why You Need More Than Information to Get Results
            At Delivering WOW, we pride ourselves in creating the best, most comprehensive training on everything you need to do to run and grow an amazing dental practice. And we’ve helped thousands of dentists improve their practices in the process. One lesson we learned along the way is no...  Read More
1289 Carl Guthrie on the Current Dental Job Market : Dentistry Uncensored with Howard Farran
Carl Guthrie is with ETS Dental. He is the Regional Director of Recruiting covering the Southwestern U.S. including Texas, New Mexico, Arizona, Colorado, Oklahoma, and Hawaii. ETS Dental was founded in 2001 by Mark Kennedy and is headquartered in Roanoke, VA.  They specialize in locating and...  Read More
4 Reasons to Switch to a Cloud-Based Dental Practice Management Software
4 Reasons to Switch to a Cloud-Based Dental Practice Management Software Simply put, cloud-based software runs on the internet rather than hosted locally on the computer in your dental practice office. In a digital era, it might be surprising to learn that cloud-based management software is not...  Read More
How To Create Passive Income With Real Estate Note Investing
Real Estate Note Investing I’m all about  but also want to avoid the hassles that come with being a landlord. A few years ago, I thought I wanted to start investing in single family homes and reached out to some local investors that did it full-time. When I saw the amount of time and energy it took...  Read More
Takeaways From My Mastermind In Boise
            Takeaways From My Mastermind In Boise In this episode I’m reflecting on my time at in Boise at a Mastermind with my inner circle. There were some of the most incredible entrepreneurs at the event and I wanted to share my takeaways with you from those last few days. Just being...  Read More
11 Triple Net Lease Pros And Cons
11 Triple Net Lease Pros And Cons I recently spoke with one of my dad’s friends (Mr. Eddie) in a grocery store. He’s one of the wealthiest people in Louisiana and has made the majority of his money in commercial real estate. I asked if I could stop by his office to pick his brain about  and he was...  Read More
Here’s Why You May Need to Update Your Estate Plan
Many extremely wealthy people have a much better handle than others on a key concept of success: the long game.  The long game means having a concrete vision of your ideal future down the road—years or even decades from now—and taking specific, carefully considered action steps at every stage...  Read More
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