Is it your big dream to own a practice? Do you imagine what it would be like to run your own business? Maybe being an employee is just not for you. Here are some common misconceptions that students have about money when it comes to starting or buying a practice.
As a dental student, you may already be carrying significant student loan debt. Paying down that debt requires income — cash flow that may best be generated by opening or buying into your own practice upon graduation. New dentists and those about to graduate often feel caught in a vicious circle when they perceive that debt may deny them a practice loan and prevent them from moving forward in their career.
Wondering what you can do with your money even while you don’t have any? Here are some ideas of what you can do while in dental school to set yourself up for financial success.
Happy Money Monday! There is a website that we have mentioned a few times on Money Monday that is a great resource for dentists at any stage of their career, from student to retired. Today, there is a relatively new feature on the website that we would like to share with you. Keep reading for the link…
When I meet dental students, as I regularly do in my travels to schools, I always make a point of asking: “What’s your most valuable asset?” The response is typically a glare that translates to: “Are you kidding me? Do you have any idea how much it costs to be here?!”
You’ve probably heard the saying “there’s no time like the present.” Well, this is especially true when it comes to figuring out your finances. As you look toward a life of managing time and money, the sooner you get a handle on some of the basics, the better. Other than Money Monday, where should one look to start understanding the made-to-seem-complex world of finances? If you are looking for some guidance, other than the books we have mentioned in the past, here are some good reads: