Financial Controls

About the Hosts:Dr. Savanah Craig and Dr. Ronnetta Sartor are seasoned dentists and co-hosts of the "Beyond Graduation" podcast. Dr. Craig graduated in 2022 and has since been navigating her early career, going through residency, and now working as an associate dentist. Dr. Sartor, seven years post-graduation, is an experienced practitioner and a practice owner. Both share a passion for mentoring young dental professionals and guiding them through the early stages of their careers.Episode Summary:In this insightful episode of "Beyond Graduation," hosts Dr. Savanah Craig and Dr. Ronnetta Sartor tackle the critical subject of financial controls for new dental graduates. With a keen interest in helping their peers navigate life beyond dental school, they share practical advice and personal experiences about managing finances in the early years of their dental careers.Dr. Craig and Dr. Sartor emphasize the importance of balancing lifestyle improvements with realistic financial planning. They discuss strategies for saving, the significance of early investment habits, and how to leverage resources like disability insurance and financial advisors. The conversation also touches upon the impact of the economy, comparing their experiences during different economic climates.Key Takeaways: Start Early with Financial Planning: Instilling habits of saving and investing right from residency can make a significant difference in achieving financial goals. Living Within Means: Adjusting lifestyles post-graduation without overspending is crucial. Avoid making big purchases immediately after graduation. Find a Trusted Financial Advisor: Professional guidance is essential as dentists are experts in teeth, not finances. Balancing Family and Career Goals: Synchronizing financial planning with personal life goals like family responsibilities, practice ownership, and home buying is vital. Impact of Economy and Interest Rates: Being aware of economic conditions and interest rates can influence decisions about significant purchases and investments.Connect with Us: Savanah Craig, DDS: @savanahcraigdds Ronnetta Sartor, DMD: @dr_sartor FutureDentists Beyond Graduation: @futuredentistsbeyondgraduation Dental Residency Guide and Beyond Graduation eBooks: https://ignitedds.com/subscription-resources/Don’t miss this episode’s valuable insights on managing finances as a new dental graduate. Listen to the full episode and stay tuned for more expert advice in the "Beyond Graduation" series.