One of the first lessons we learn as human beings is that every choice has a consequence. One of those consequences is that each decision we make both opens and closes doors to other opportunities. When it comes to decisions around money, it can be hard to handle the idea…
One of the most challenging parts of running a successful dental practice is deciding where to focus your efforts. You are only one person, and you only have 24 hours in a day. Growing your dental practice may be high on your wish list, but your plate is full with…
The U.S. stock market, which is trading at all-time highs, tends to rise when there is no overhead resistance and economic indicators point to strength. The trajectory of markets has its foundation in the country’s democratic political system and its market-based, capitalist economic system. Using a simple theory, the stock…
Building wealth doesn’t have to mean sacrificing happiness and pleasure now for a better life in the distant future. You’ve read all of the financial advice that tells you to skip the lattes and the avocado toast if you want to have a decent retirement. But this advice misses the…
Are you getting the most out of your team? Did you know that you can use your company’s 401(k) retirement plan to help motivate your employees? While 401(k) plans are tightly regulated, employers still have significant amounts of flexibility in several critical areas, including plan eligibility and profit-sharing. With some…
When people talk about wealth management, they are usually talking about asset management. An asset is an economic unit that you own or control, with the expectation of a future financial benefit. If you want to increase and protect your wealth, you need a strategy for the building and acquisition…
History has a way or repeating itself, which leads us to believe that another recession is almost a certainty. It’s not so much a question of if, but rather of when. Historically, the American economy has grown in fits and starts, otherwise known as recessions and expansions. As a result,…
What’s the best way to grow your dental practice? If you’re like most dentists, your first thought was you need to bring in more new patients. But many practices excel at attracting new patients, and still fail to meet their growth goals. Why? They don’t retain enough of the…
Economic trends in China give plenty of reasons to appreciate the intensity of trade negotiations with the worlds 2nd largest economy. Watching as President Trump raises the stakes, this long-running trade war should not be misunderstood as his personal agenda, as many people do. The rhetoric from politicians leaves nothing…
Setting up and contributing to a retirement account is a critical first step towards becoming financially independent. But what do you do with your retirement account once you have it? How often should you check your balance? Like most retirement questions, the answer depends on how close you are to…
