008 - Cash Reserves 101: How Much Your Practice Actually Needs

Cash is king—so how much of it should you keep in your practice? In this episode, we break down how to determine the right cash reserve for your dental business. Whether you're running on empty or sitting on too much, we’ll help you find your ideal cash number so you can avoid financial stress and put your money to better use.What You’ll Learn:  💰 Why practice owners rely on their bank balance to make financial decisions  📊 The two-month rule for determining your cash reserve  ⚖️ How to calculate the minimum and maximum cash you should keep  🧠 The psychological side of money and why it’s more than just numbers  🏦 A high-yield savings account that could earn you $3,000–$7,000 this yearResources & Mentions:  📖 The Psychology of Money – Morgan Housel  🏦Flourish Cash (not sponsored, just a great tool! DM me if you need an invite)Join the Conversation! Share your cash strategies in the YouTube comments or reach out if you need help finding your number.CONTINUE THE CONVERSATION:https://youtu.be/gGvYmnY-ysYLET’S CONNECTInstagram: https://www.instagram.com/travisslade.cpa/TikTok: https://www.tiktok.com/@travis.slade.cpa