The exciting new book, Rich Dentist, Poor Dentist, will help you understand just how much wealth you are losing by making payments on your student, practice, equipment, and real estate loans. These payments are losses, as they will never offer any sort of return. Not only do you lose the payments themselves, but think of all the interest you could have earned on those payments!
The concept of capitalization/banking to control your cash and cash flow will put you in control of your major purchases for your practice in the future.
The comparison between borrowing from the bank or the equipment company, paying cash, or having your own capital account will surprise you. As you discover the benefits, you will surely wonder why no one has explained this strategy and concept to you before. Let me ask you a question: Would you prefer to send all your payments to the banks or make those same payments to accounts you control? Rich Dentist, Poor Dentist will help you see how you can do that, so you can collect those profits instead of passing them off to others.
You can have a powerful system for building wealth while eliminating debt. If you have been in practice for a number of years, you probably did not anticipate the continuing costs of keeping your business in tune with advancements and technological changes. Do you think this will slow down or become less expensive? No! The solution is the power of capitalization planning, which will provide you with a reliable system that will help you manage these inevitable future cost increases. Not only that, but it will also help you develop additional tax-free income for retirement.
As your system evolves, you will loan money to your practice to pay off loans or to cover new purchases. The old payment that would have been paid to the bank is now sent to your personal account, and your practice can take the same tax deduction. The difference is that you are receiving the payments, so the money will grow for you and not for the bank. We will be there every step of the way to provide you and your accountant with everything you need for this profitable change. Rich Dentist, Poor Dentist will set you on a financial road that will carry you to a position in which you are in control of cash flow and debt, in a way you never thought possible before. Sink your teeth into this new, exciting way to look at today’s and tomorrow’s debts and bank on those profits instead of letting the banks profit off of you!
LEARN HOW TO...
Break the cycle of dental practice debt and the recurring need to go into more debt to purchase up-to-date equipment. In short order, you will see the power of capitalization planning. This is a powerful system that will help enable you to eliminate your dental practice debt while saving more for retirement.
In These Pages, You Will Uncover...
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"As a how-to guide, this book contains everything you may need to know. Brimming with straightforward strategies anyone can use to overcome the key fears associated with practice debt and the cash flow to pay it off."
"Anyone who’s ever wanted to be able to pay their current and future practice debt off efficiently can confidently benefit from the down-to-earth knowledge in this book."
"If I could read only one book on eliminating practice debts, Rich Dentist, Poor Dentist is the one I would choose!"
"Here is a powerhouse book of tips, tactics and approaches for paying off practice debts that simply works. A fantastic book."
"If you want an 'outside the box' way to handle current, and future, major purchases this is the book for you. We all know what we know and this is a strategy you need to know."
"My practice would not have grown as quickly without Rich’s financial strategies. In addition, I have been able to increase my real estate holdings."
"I am using my cap plan policies for my nursing home business plus real estate purchases. Without Rich’s macro concept, it would not have been possible."
"My cap plan allowed me to start my new practice without borrowing the entire amount from the bank. The cash position gave me and the bank a comfortable cash reserve to fall back on if needed."
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