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Invest Like the Rich With Guest Randy Smith

Bulletproof Dental Practice

Release Date: 03/27/2025

DODE: Department of Dental Efficiency show art DODE: Department of Dental Efficiency

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 400 HOST: GUEST: , DAADOM DESCRIPTION In this episode, Craig is joined by Erika Pusillo to discuss developing key personnel in dental practices, focusing on cultivating potential rather than finding it. They cover leadership dynamics, team communication, and financial efficiency through zero-based budgeting. The conversation emphasizes proactive financial management, optimizing team roles, merit-based compensation, and fostering a culture of mentorship and problem-solving. TAKEAWAYS The most important aspect of team development is finding individuals...

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THE DIGITAL REVOLUTION: Why 3D Printing is No Longer Optional with Amir Mansour show art THE DIGITAL REVOLUTION: Why 3D Printing is No Longer Optional with Amir Mansour

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 399 HOSTS: and GUEST: DESCRIPTION In this episode of the Bulletproof Dental Practice Podcast, Dr. Amir Mansouri, co-founder of SprintRay, shares his journey into 3D dental printing and discusses how this technology is transforming dental practices. The conversation covers the evolution of dental technology, the importance of patient experience, and why practices must adopt 3D printing to stay competitive. Dr. Mansouri also explores the integration of AI in dental design, the role of empowering dental staff, and how these innovations are improving...

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A Journey of Clarity Purpose and Marketing show art A Journey of Clarity Purpose and Marketing

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 398 HOSTS:  and GUEST: Dr. Jordan Davis DESCRIPTION Dr. Jordan Davis joins us to share his journey from anxiety as a dentist to becoming a successful practitioner with a strong social media presence. He discusses the importance of taking action and overcoming fears. The conversation also delves into the innovation in dental techniques and the significance of continuous learning and collaboration in achieving success in dentistry. We discuss the importance of effective marketing strategies, the need for dentists to adapt to changing patient...

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GROWTH BY PROXIMITY with Dr. Alex Edgerly show art GROWTH BY PROXIMITY with Dr. Alex Edgerly

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 397 HOSTS: and GUEST: DESCRIPTION In this podcast, Peter Boulden and Craig welcome Alex Edgerly, a general dentist from Southeast Texas, about growing his dental practice. They discuss managing patient demand, leaving insurance networks, strategic expansion planning, and maximizing chair utilization. The conversation covers construction strategies that minimize patient disruption, financing options, tax benefits of real estate investments, and architectural planning using 3D visualization tools. They also explore financial projections, overcoming...

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INSIGHTS FROM DSO WORLD show art INSIGHTS FROM DSO WORLD

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 396 HOSTS: and GUEST: , Lightwave Dental DESCRIPTION Clifton Cameron, Chief Dental Officer of LightWave, discusses the dental service organization (DSO) landscape, covering industry challenges like labor inflation, financial strategies, and market consolidation. The conversation explores how dentists should evaluate partnerships, the impact of consumerism on practices, challenges facing solo practitioners, and the importance of strong leadership in navigating the evolving dental industry TAKEAWAYS LightWave is America's only Dental Leadership...

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OUTSIDE THE BOX with Paul Vigario show art OUTSIDE THE BOX with Paul Vigario

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 395 HOSTS: and GUEST: Founder and CEO of SurfCT DESCRIPTION Craig, Peter, and Paul Vigario explore the dental industry's complexities, discussing competition among doctors, sales perceptions, and entrepreneurial challenges. They emphasize personal growth, brand development, and redefining success in dentistry. The conversation highlights the importance of embracing risk, living authentically, and seeking mentorship while breaking free from industry constraints and societal expectations. The speakers encourage dentists to pursue their passions, make...

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Bulletproof Coaches: 2 Journeys show art Bulletproof Coaches: 2 Journeys

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 394 HOSTS: and GUESTS: and DESCRIPTION Peter and Craig host Kris Alpers and David Amador, two Bulletproof coaches who share their journeys from feeling stuck and unfulfilled in their dental practices to finding success and fulfillment through community support and coaching. They discuss the importance of aligning personal and professional goals, the impact of their experiences on personal relationships, and the key metrics for success in dentistry. The conversation emphasizes the value of the Summit experience and the transformative power of investing...

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Why 44% of Dentists Have Mental Health Issues show art Why 44% of Dentists Have Mental Health Issues

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 393 - BONUS POD  TITLE: Why 44% of Dentists Have Mental Health Issues HOSTS: and DESCRIPTION As a follow-up from Episode 392, Peter Boulden and Craig discuss the pressing mental health challenges faced by dental professionals, highlighting alarming statistics about anxiety, depression, and burnout in the industry. They explore the role of AI in alleviating some of these issues and emphasize the need for structural changes within dental practices. The importance of community support and open conversations about struggles in the profession is...

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Find your Goldilocks in Dentistry - Find your Goldilocks in Dentistry - "Just Right"

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 392 HOSTS:  and DESCRIPTION In this conversation, Craig and Peter discuss the evolving landscape of dentistry, emphasizing the importance of community, personal goals, and the transition from clinical practice to business ownership. The discussion highlights the potential for growth and opportunity within the dental field, encouraging dentists to redefine their identities and seek fulfillment beyond traditional roles. They touch on the journey of finding balance between clinical work and personal happiness, the significance of self-inventory, and...

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Cash on Cash return of your PRACTICE! show art Cash on Cash return of your PRACTICE!

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 391  HOSTS: and DESCRIPTION Peter and Craig discuss dental practice financial management, covering investment psychology, tax implications, and liquidity needs. They explore how dentists can optimize discretionary funds, manage investment risks, and consider practice expansion. The conversation highlights dentists' unique economic position, allowing calculated risk-taking while maintaining stability. They also examine hygienists' role in practice growth, financial expansion strategies, and the importance of understanding cash flow and enterprise...

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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