- Dedication
- Preface
Part One
Congratulations Doctor … Now let the games begin!
Chapter 1: Ready or not. your first payment is here! (sort of.)
Student Loans
- The Essentials
- Nelnet Statement Guide
- Glossary of Terms
- Federal vs. Private
- General repayment schedules
- What if you aren’t ready/financially capable yet (or ever)?
How you can lose the battle, but win the war: Tactics to repay loans faster
- Doubling down
- Refinancing/consolidation factors and limitations
- Dental Loan Organizer and Calculator - DLOC
Chapter 2: Essentials to know before you sign on the dotted line
- Independent contractor benefits
- Employee benefits
- General Contract Basics
- The Deal Breakers
- Restrictive Covenant
- Non-solicit clause
- Red flags in Dental Contracts
Chapter 3: Employee versus Independent Contractor
- Step by step process to creating a business
- Types of Corporations: C vs. S vs. LLC
- Steps to form an LLC
- Taxation and Limited Liability are not related
- Double Taxation
- Pass-Through Tax Deductions and How you Qualify
- Home Office
- Insurance
Part Two
Front-end and back-end essentials
Chapter 4: Protect Yourself; Insurances you must have, and others you could have
- Necessities for dentists
- Malpractice Insurance
- Disability Insurance
- Health Insurance
- General Liability Coverage
- Property Insurance
- Equipment Insurance
- Data Compromise Insurance
- Life Insurance
- Term Life Insurance
- Permanent Life Insurance
Chapter 5: Savings and Retirement; Preparing for the end from Day 1
- The Silent Killer: Beware of Fees
- Retirement Planning
- The 50/30/20 Rule
- Retirement Planning Options: Where to Invest your Savings
- What is a 401(k) Plan?
- IRA Plans
- Traditional IRAs
- Roth IRA
- SEP IRA
- Retirement Planning as an Independent Contractor
- Back Door Roth IRA
- HSA account
- Life Insurance as a Savings Policy
- Stocks vs. Mutual Funds vs. Bonds
- Should I Keep Any Cash Savings?
Part Three
Owning your own Practice
Chapter 6: Universal Essentials to Purchasing
- Dental Practice Ownership
- Step 1: Organize a team of specialized dental advisers
- Step 2: Make an offer to the seller and submit a letter of intent (LOI)
- Step 3: Apply for a practice purchase loan from the bank
- How to Fund Your Practice
- Step 4: Insurance Policies
- Step 5: Type of business
- Step 6: Have a dental attorney review dental practice purchase agreement
- Step 7: Office Space
- Step 8: Sign documents/ownership transition
- Step 9: Send out a transition letter to patients
- Step 10: Tie Up Loose Ends
- The role of staff in purchasing a practice
- Location, Location, Location
Chapter 7: How high is the ceiling? Watching your overhead and essentials once you are an Owner
- Overhead
- The Indisputable Costs
- Overhead too high?
- The X factor; Marketing
- Digital Marketing
- Website
- Local Dental Directory Listings
- Blogging
- Advertisements (TV, Radio, Billboards, Newspaper, & Mailers)
- Online Reviews
- Pareto’s Law
Chapter 8: A Word about Insurance
- Choosing insurance plans to accept
- Specialist vs. Regular Fees
- Submitting Considerations and Timing
- Getting Creative
Chapter 9: Partners, Associates and Never Leaving the House
- Associate
- Compensation
- Termination
- Double Dipping: Owning your practice and the real estate (and maybe even living there!)
- Benefits of owning property
- Considerations for the buy or lease question
Part Four
Facing your biggest fears…or a Pandemic
Chapter 10: The Gut Punch
- Dental Board Complaints
- Insurance Provider Audits
- Employment Lawsuits
- Partnership Disputes
- State Dental Board
Chapter 11: Worst-case scenarios
- Bankruptcy
- Alternatives to filing Bankruptcy
- Criminal Charges
- Natural Disasters and Pandemic
Epilogue: Adding it all up; The Dental dream and how you want to live
Appendix
- Dreamline
- The Scary Reality
- EarAid
- References
Get the Book
To read more, get The Financial Survival Guide for Dentists from your favorite online or retail bookseller.
Hardcover or e-book format.
Hardcover only.