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Invest Like the Rich With Guest Randy Smith

Bulletproof Dental Practice

Release Date: 03/27/2025

Creating A Strategic / Autonomous Team! show art Creating A Strategic / Autonomous Team!

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 414 HOSTS: and DESCRIPTION In this conversation, Peter Boulden and Craig discuss the importance of creating a strategic and autonomous team within an organization. They explore various leadership strategies, the significance of believing in team members, and the role of technology in problem-solving. The discussion emphasizes the need for resourcefulness, effective meeting structures, and the transformation of guilt into gratitude as leaders step back from day-to-day operations. Ultimately, they highlight the importance of scaling operations to better...

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Is SEO over? SEO vs GEO (age of AI) show art Is SEO over? SEO vs GEO (age of AI)

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 413 TITLE: Is SEO over? SEO vs GEO (age of AI) HOSTS: and DESCRIPTION In this conversation, Peter Boulden and Craig discuss the rapid evolution of technology, particularly AI, and its implications for the dental industry. They explore the transition from traditional SEO to Generative Engine Optimization (GEO), emphasizing the importance of adapting to new digital marketing strategies. The discussion highlights the significance of Google My Business, patient reviews, and the role of AI in enhancing business operations. They also touch on the challenges...

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The Future of Dental Training: Digital SOPs show art The Future of Dental Training: Digital SOPs

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 412 HOSTS: GUEST: DESCRIPTION In this conversation, Peter Boulden and Cassie Kellner discuss the importance of Standard Operating Procedures (SOPs) in dental practices. They explore how SOPs can enhance efficiency, improve onboarding, and create a better work environment. Cassie shares insights on using Trainual to develop and manage SOPs effectively, emphasizing the need for team involvement and the integration of technology. The discussion also includes success stories and practical tips for implementing SOPs in dental practices. TAKEAWAYS SOPs are...

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EOS + BULLETPROOF PATHWAY show art EOS + BULLETPROOF PATHWAY

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 411 HOSTS: DESCRIPTION In this episode of the Bulletproof Dental Practice Podcast, Dr. Peter Boulden explores the parallels between the Entrepreneurial Operating System (EOS) and the Bulletproof Pathway, emphasizing the importance of structure, vision, data, and processes in dental practices. He discusses how dentists often operate in chaos and the need for clarity and systems to achieve fulfillment and success. The conversation highlights the significance of leadership, addressing issues, and creating a culture of accountability within dental teams....

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Revolutionizing Dental Care show art Revolutionizing Dental Care

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 410 HOSTS:  GUEST: DESCRIPTION In this episode, Craig and Dave Monahan discuss the evolution of Clerri, a dental membership platform, and its impact on patient engagement and practice management. Dave shares his journey from technology to dentistry, emphasizing the importance of understanding patient psychology and the benefits of membership plans. They explore the challenges of managing membership plans independently, the integration of technology in dental practices, and the future of AI in optimizing dental coverage. The conversation highlights...

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Packard's Law show art Packard's Law

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 409 HOSTS: and DESCRIPTION In this conversation, Peter Boulden and Craig discuss the principles of business growth, focusing on Packard's Law and its implications for dental practices. They explore the importance of team dynamics, the necessity of always being in hiring mode, and the value of A-players in driving success. The discussion emphasizes the need for effective delegation and the creation of systems to manage growth, while also addressing the emotional aspects of leadership and management. The conversation concludes with a call to action for...

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I’d Love To… But I Don’t Have Time show art I’d Love To… But I Don’t Have Time

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 408 HOSTS: and DESCRIPTION Join Craig and Pete as they discuss the common struggle of dental professionals feeling they lack time. They explore the paradox of wanting to grow their practices while also seeking more freedom and time for personal life. The discussion delves into the importance of delegation, training associates, and the emotional aspects of time and money. They emphasize the need for first principles thinking to identify true goals and the role of partnerships in achieving growth.  TAKEAWAYS Many dentists feel they lack time but...

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If I Had The Right Team I Would Do….. show art If I Had The Right Team I Would Do…..

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 407 HOSTS: and DESCRIPTION In this episode of the Bulletproof Dental Practice Podcast,  Craig and Peter celebrate Craig's birthday while delving into the importance of team dynamics and relationships in the dental business. They discuss the common misconceptions about needing the right team to succeed and emphasize that great people are created through effective leadership. The conversation explores the challenges of managing a dental practice, the significance of time and freedom, and the realities of selling a practice to a DSO. They provide...

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Grow With Confidence, Part 2: The Art of Enrollment show art Grow With Confidence, Part 2: The Art of Enrollment

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 406 HOSTS: and Guest: DESCRIPTION In this conversation, Dr. Brian Harris joins us to discuss the art of enrollment in dentistry, emphasizing the importance of pre-appointment preparation, patient engagement, and effective communication. They explore the role of introverts in patient interactions, share personal stories of learning from mistakes, and highlight the significance of follow-up and transparency in building trust with patients. The discussion also covers strategies for handling financial conversations, the value of offering discounts, and the...

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Grow With Confidence, Part 1: Before The Door Opens show art Grow With Confidence, Part 1: Before The Door Opens

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 405 HOSTS: and GUEST: DESCRIPTION In this engaging conversation, Dr. Brian Harris shares his journey from burnout to rediscovering his passion for dentistry. He emphasizes the importance of patient enrollment and how virtual consultations can enhance the patient experience. The discussion covers the psychology behind patient interactions, the role of technology in modern dentistry, and the significance of building trust and transparency with patients. Dr. Harris also highlights the need for dentists to focus on providing value and creating lasting...

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More Episodes

The Bulletproof Dental Podcast Episode 387

HOSTS: Dr. Peter Boulden and Dr. Craig Spodak

GUEST: Randy Smith

DESCRIPTION

Financial expert Randy joins Craig and Peter to discuss wealth management essentials, covering investment mindsets, asset allocation, and market differences. They emphasize developing saving habits, overcoming investment fears, and the importance of financial education. The conversation explores diversification strategies, economic forecasts, and emotional aspects of investing, which are particularly relevant for dental professionals seeking long-term financial success.

TAKEAWAYS

  • Investing like the rich is about knowledge.

  • Don't lose your capital; that's rule number one.

  • The wealthy invest in multiple asset classes.

  • Cash can be a good investment in a downturn.

  • Diversification is key to financial stability.

  • Private equity often outperforms public markets.

  • The habit of saving is crucial for financial success.

  • Investing is not just about stocks; it's broader.

  • Fear keeps many from investing at all. Most people struggle with financial habits and savings.

  • Recessions are a normal part of the economic cycle.

  • Investing should be approached with a long-term mindset.

  • Emotional drivers can negatively impact investment decisions.

  • Every dollar invested works like an employee for you.

  • Building wealth requires consistent and disciplined investing.

  • Having a clear financial roadmap is essential for success.

CHAPTERS

00:00 Introduction to Financial Wisdom

02:50 Understanding the Investment Strategies of the Wealthy

06:08 The Importance of Specific Knowledge in Investing

08:57 Asset Allocation and Diversification Explained

11:48 Private Equity vs. Public Markets

15:02 The Role of Cash and Risk Management

18:06 Overcoming Investment Fears

25:35 The Importance of Financial Habits

30:06 Investing Basics and Diversification

35:33 Market Trends and Predictions

40:04 Building Wealth Through Consistent Investing

REFERENCES

Bulletproof Summit

Bulletproof Mastermind