Hi, David Catalano here.

Another great question dentists ask me is, "What is the secret to financial wealth in dentistry"?

The trick to building wealth in dentistry is to maximize your practice cash flow and fund your tax-deferred investment vehicles (qualified plans and/or real estate).

After these investments are made, then begin to fund your non-qualified investment vehicles (non-retirement plan investments like mutual funds). Do this while keeping your lifestyle low and you cannot help but grow wealthy. Why? Because of compounding. Every year you get returns on your returns.

You need to feed these investment machines until they form a life of their own. Eventually you can stop adding new money and begin to pay off your debt. Feed the investments, then pay off your debt. If you do it in reverse, you will have to feed the investments much longer. That is why it makes more sense to have long term debt (with a low payment) and invest, versus waiting to invest until your debt is paid off.

Send me an email if you would like a simple mathematical presentation of this concept. If you cannot find the money to invest, look at your current debt structure. If you are paying debt off quickly, you are robbing your retirement. Consider the following example.

If you invest $25,260 per year for 10 years ($252,600 in total) and then stop adding funds, you will have $3,079,980 in 20 years assuming a 9.75% annual return. This is a 30 year investment horizon. Don't have 30 years until retirement? Then jump start the process. Ask me how.

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We have developed a unique process called The Financial Leadership Solution to help solve this issue of building wealth.  Copy and paste this link into your browser for an overview: http://www.financegeeks.com/financialleadership.htm

Schedule An Appointment on a Monday or Wednesday

I schedule initial client calls with the intent to determine if it makes any sense for us to work together. If it doesn't, I am totally okay with that. My team and I cannot help everyone. I must feel that we can add value to your life before we will accept you as a client. And you must feel the same.

To schedule a time for a 30 minutes call, please reply to this email or give Meghan a call at 800 800-1776.

Thank you and have a great day!

David Catalano
Finance Geeks
9000 Keystone Crossing, Suite 630
Indianapolis, IN 46240
317-581-5664 Office, Extension 20
317-581-1812 Fax
317 694-7417 Cellular