By: Dr. James Pitts As a former practicing General Dentist, I understand the challenges all Dentists face concerning debt. Over the last 10 years, the student loan debt problem has reached crisis levels. The cost of dental education has risen faster than inflation,...
By: Dr. James Pitts Have you ever wondered what is the most important item in becoming financially independent in Dentistry? Certainly, there are many factors. High-Producing Practice? Some Dentists would think having a high-producing practice is the key. While...
By: Dr. James Pitts Most people think of retirement planning or wealth accumulation as a “nest egg.” It is a common misconception that wealth is built in one pile. The reality of Dentists is more complicated. Typically, Dentists build their wealth in four...
By: Dr. James Pitts One of the best benefits that Dentists have are Qualified Retirement Plans. Qualified Retirement Plans are saving vehicles blessed by the IRS. They come in many varieties but are in two major categories. Individual Retirement Accounts The first...
By: Dr. James Pitts As a practicing Dentist, your career will last around 30-35 years on average. During this time an average Dental Practice will have about $30,000,000 pass through collections. One would think that this would be enough for all Dentists to...