Dr. Bill Jordan, an oral and maxillofacial surgeon, shares his unexpected and life-altering journey from a thriving practice to a sudden retirement due to a tremor in his hands that impacted his ability to perform surgery. Bill dives into the emotional toll of this unplanned exit and the urgent need to reevaluate his and his wife’s financial readiness. What followed was a radical shift—from traditional wealth accumulation to intentional budgeting, financial resilience, and building passive income streams.
Dr. Jordan discusses how critical it is for professionals, especially high-income earners like dentists and physicians, to plan for the unplanned. He underscores the importance of proactive financial education, exploring alternative investments, and creating replacement income before it becomes a necessity. We also discuss the vital lesson of taking defiant action and personal responsibility over one’s financial future—rejecting passive reliance on Wall Street, and instead becoming an active steward of capital and time.
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Minute Markers:
- 02:21 – The beginning of the journey and how Dr. Jordan started in oral surgery.
- 04:58 – Health issues that began to pop up, and how he worked to find a diagnosis.
- 07:37 – When faced with the unexpected reality of ending your career.
- 09:03 – Facing the hard question – what am I going to do now?
- 11:03 – The importance of flexibility and extra income during the unexpected.
- 12:08 – Making budget changes and deciding what was negotiable.
- 15:10 – Why you should live within your means.
- 17:30 – Prepping financial milestones and practice exit strategies before something happens.
- 19:22 – The options beyond the traditional 401k.
- 21:19 – The importance of education and being able to do it yourself
- 24:16 – Taking control and not letting others dictate what you do.
If you like this episode, here are more episodes we think you’ll enjoy:
- Ep #529 – Dr. Peter Dinh – Unlocking Peak Performance – A Dentist’s Guide to Health, Productivity, and the Entrepreneurial Mindset
- Ep #528 – Dr. David Moffet – Financial Wisdom Before Retiring & The Ultimate Patient Experience
Featured on the Show:
#billjordan #oralsurgeon #dentistry #retirement #healthcrisis #financialplanning #haveaplan #passiveincome #investing
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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think):
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
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