In this video, I break down the exact steps I took to make my first $1 million just 27 months after finishing dental school. From negotiating contracts to buying and growing a dental practice, I'll share the strategies and lessons that helped me maximize my income and build financial independence.
What you'll learn:
-The importance of practice ownership vs. being an associate
-How I found the right practice to buy
-Key financial decisions that saved me thousands
-Mistakes I made and how you can avoid them
-Whether you're a new dentist or thinking about your next career move, this video will give you actionable insights to take control of your financial future.
🔔 Book A Strategy Call: https://practiceown.com 🔔
📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8
💌 Email me at: [email protected]
🌍 Website: https://www.practiceown.com
Timestamps:
0:00 - Intro.
1:18 - Month 1: No License ($2,500)
1:45 - Month 2: Credentialing delays and lessons learned ($5,000).
2:38 - Month 3: First dentist job and negotiation tips ($14,000).
3:35 - Month 4: Medicaid office challenges ($14,000).
4:47 - Month 5: Adding Sunday extraction shifts ($22,000).
6:50 - Month 6: Exceeding daily minimums ($25,000).
7:23 - Month 7: Reduced hours at work ($21,000).
8:00 - Month 8 to11: Income declines further ($20,000).
11:55 - Month 12: Transitioning to ownership ($4,000).
14:28 - Month 13: Temporary work before ownership ($15,000).
15:23 - Months 14 to 19: Investing in the practice ($0).
16:20 - Month 20: First big paycheck as an owner ($100,000).
16:55 - Month 21-25: Steady growth ($70,000).
18:19 - Month 26: Selling the practice ($390,000).
19:25 - Month 27: Reaching $1,000,000 with temp work ($5,000).
20:50 - Strategy Call