Bulletproof Dental Practice

Legacy Wealth Creation From Your Practice w/Garrett Gunderson

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Sinopsis

Bulletproof Dental Practice Podcast Episode 15 Host: Dr. Peter Boulden / Atlanta Dental Spa Guest: Garrett Gunderson / Wealth Factory Key Takeaways: Big Mistake: putting money too early into investments for retirement and not having enough liquidity for your business. Grow your business first by investing in it. Invest in what you know. Diversification for a dentist is bad. Learn to be comfortable with having a lot of cash. 5 Part Formula that will give you financial independence in 5 - 7 years Be more efficient with your money by keeping more of what you make. Strategically engineer wealth to eliminate diversification. Accelerate investment by finding ways to make them produce cash. Scale your business revenue. Treat yourself as your greatest asset. Hire a good accountant in order to learn how to pay less in taxes. How to save on taxes: Be proactive with your team and communicate with them. Find all the related expenses to your business and write them off for tax deductions. Reclassify your income.