In today's episode, David Janesh, your host, is joined by Ryan Isaac from Dentist Advisors, a certified financial planning and investment management firm for dentists. Co-Founder of Dentist Advisors and host of The Dentist Money™ Show, Ryan Isaac is a trusted financial advisor to dentists across the country. As a regular speaker at dental events nationwide, Ryan shares his expertise in portfolio management, debt reduction, tax management, retirement plans, profit-sharing plans, and insurance. He is a CFP® with deep financial planning expertise and has been a major contributor to the growth of Dentist Advisors, including the development of the Elements financial planning system™.

In today's episode, Ryan is sharing his financing expertise identifying the obstacles and opportunities that the COVID-19 global pandemic is laying ahead of us. Ryan also talks about these important topics for all dental businesses:

How to diversify?
What "the market" really is.
How does your trajectory separate you from the other dentists out there?
It is not true that the best path is the one that will provide the highest return.
Why you need to have some liquidity
The number one obstacle for any dentist's path: being unorganized.
Balancing personal and professional satisfaction.
Three main categories that drive people's motivation: autonomy, mastery, and purpose

Top three takeaways:

It is nice to see a dentist have some balance between multiple locations and real estate but also having enough liquidity.
If you think you diversify, you are probably not diversified enough.
Pursue what is right for your life, lifestyle, balance, health, and personality.

Mentioned in this episode:

Disorganized Dentistry

Learn more about Ryan Issac

Dentist Advisors

The Dentist Money™ Show Podcast

Tweetables and Quotes:

"At Dentist Advisors, we build portfolios for companies that are representative of what the world's market looks like."

"Continue to invest in a diversified portfolio that can support multiple decades and all kinds of market cycles."

"Private businesses will always give the highest return since they carry the most risk."

"Pursue IS happiness."