The Top 5 Financial Planning Mistakes Dentists Make

Every dentist will eventually exit from active practice. The journey to that off-ramp will vary significantly between practitioners, but those without solid financial planning skills will have difficulty achieving financial success without actively practicing. The good news is that post-dentistry life doesn't have to mean unnecessary financial restrictions! Shawn Terrell is a financial advisor and founder of Dentist Exit Planning, a company that helps dental professionals achieve financial freedom without actively practicing. Today, Shawn joins me to discuss five mistakes often impeding dentists' economic success. Shawn also explains the relationship between financial planning and treatment planning, his views on cryptocurrencies, and how to improve your financial planning skills and build a path towards a worry-free retirement.  Tune in to learn more!   Key Takeaways  The top financial planning mistakes dentists make (00:00) Shawn's background and why he created Dentist Exit Planning (02:07) Comprehensive financial planning for dentists (04:02) Mistakes that prevent dentists from achieving financial success (07:31) How financial planning and treatment planning are related (13:32) Is DIY financial planning a good idea? (16:41) How to become independent from active practice (21:39) Shawn's views on cryptocurrencies (28:19) Lightning round questions (33:42)   Additional Resources Learn proven dental marketing strategies and online reputation management techniques at: https://www.drlentau.com Learn more about Dentist Exit Planning: https://www.dentistexit.com This podcast is sponsored by Cloud Dentistry, the largest dental talent marketplace. Find out more at: http://www.clouddentistry.com/Len