As dentists and practice owners, we are all familiar with the word “Expenses.” Most often, there is quite a bit of negative emotions associated with dealing with expenses. However, if properly controlled and harnessed, they can be a truly powerful benefit to us in our lives and our practices.
In this episode, Dr. David Phelps and Evan Harris share some game-changing ideas on how you can create a Plan B income while dramatically reducing the amount you pay in taxes. Listen in as your hosts explain how you can make your number one expense work for you instead of you working for it your whole life. Don’t miss these powerful tips that will help you start on the way to freedom you’ve been longing for.
Listen To The Full Interview:
[powerpress]
What You’ll Learn From This Episode:
- The number one expense in our lives and our practice.
- What taxes do to your ability to build wealth.
- The best way to create a plan B income while legitimately reducing taxes.
- The importance of having a good team.
Featured On The Show:
Get the Full Episode Transcript:
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Great podcast. I agree with David’s “be part of a team” requirement, but wow, how to convince a dentist that he can’t (or at least shouldnt) do it all himself?
Just like alcoholics, too many dentists can’t be helped until they are 60 years old and their back hurts (i.e., they hit bottom). Great people who were never taught that the typical dental model is antithetical to wealth building.
Can we add a course on this to dental school required training?