THIS WEEK’S QUESTION: “My mortgage broker told me that I could refinance my house now and move from a thirty-year, to a fifteen-year mortgage. I like the idea of reducing my interest rate and paying off my mortgage sooner. What do you think?” OUR ANSWER: A fifteen-year mortgage has its benefits, but in most circumstances [...]
Get Real Planning
Few dental practitioners complete a useful financial plan. Many dentists assume they have a financial plan when they contribute to a 401(k), obtain some investment advice, or purchase other investment products. But none of these fully address clear financial planning.
The Deliberate Dentist
As dentists make more deliberate financial choices, they will achieve meaningful results and stand out among their peers. When constructing your financial plan it’s important to make conscious choices about personal finance and not let someone else make those choices for you. Plan first—then implement.
Anyone can pull your teeth out
Fifty-six year old, Raul Garay of American Fork practiced dentistry for over a decade, but he never had a license. Apparently Garay had set up a chair in his basement and was performing everything from exams to extractions. He was using old tools, some of which were found to be dirty and rusted. Yikes. You [...]
