You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport

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The quest for wealth often seems shrouded in mystery, reserved for a privileged few with secret knowledge. Having immersed myself in over 50 finance and wealth books over a decade, I've uncovered something surprising – the path to financial freedom isn't as complex as we've been led to believe, but it is counterintuitive to conventional wisdom.

My journey through classics like "Rich Dad, Poor Dad" and "The Psychology of Money," alongside lesser-known gems, revealed consistent patterns used by every wealthy person throughout history. At the core of financial success lies Naval Ravikant's concept of leverage – maximizing output per unit of input. The four types of leverage (human, cash, automation, and media) form the foundation upon which all wealth is built, whether the wealthy person consciously applied these principles or not.

MJ DeMarco's framework of the sidewalk, slow lane, and fast lane illuminates why so many struggle financially despite working hard. Most people unknowingly walk the sidewalk (no financial plan) or crawl in the slow lane (traditional investing over decades), while the fast lane (entrepreneurship) offers accelerated wealth-building potential with calculated risks. Robert Kiyosaki's Cashflow Quadrant reinforces this by showing how wealth creation requires moving from being employed to owning businesses and investments. Complementary insights from books like "Who Not How" and "Traction" provide practical systems for implementing these principles through teamwork and accountability.

Ready to transform your financial future? Apply these battle-tested principles to your life and watch what happens. For more practical wealth-building strategies, subscribe to my channel and join me on this journey toward financial freedom.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

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If you’d like to discuss your finances with a professional, you can connect with Luke and Anick here: https://www.viderefinancial.com/contact

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Get your free verifiable CPD for this episode here >>> https://www.dentistswhoinvest.com/videos/how-to-achieve-the-best-exit-number-for-your-dental-practice-with-luke-hurley-anick-sharma

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Are you holding onto your dental practice longer than needed? The quest for the "highest valuation" might actually be costing you precious years of freedom.

In this illuminating discussion, financial planners Luke Hurley and Anik Sharma reveal the critical distinction between maximizing practice value and achieving your personal financial independence. Through real-world examples and comprehensive cash flow modeling, they demonstrate how dentists can determine their actual "number" – the amount needed to fund their desired lifestyle without financial constraint.

The conversation challenges conventional wisdom about retirement age and practice exit timing. Rather than clinging to arbitrary targets or industry benchmarks, our experts walk through how to reverse-engineer your financial needs, taking into account existing assets, pensions, and investment portfolios. This approach often reveals that many practice owners are already closer to financial freedom than they realize.

Financial planning software vividly illustrates how even modest practice valuations, combined with accumulated wealth in pensions and investments, can provide sustainable income well beyond traditional retirement age. The discussion includes important considerations around sequence risk, tax optimization, and the psychological aspects of transitioning away from practice ownership.

Perhaps most valuable is the exploration of what retirement actually means in today's world. Far from the outdated concept of "being put out to pasture," financial independence offers the freedom to choose how you spend your time – whether that's continuing clinical work on your terms, pursuing new business ventures, dedicating time to family and travel, or exploring entirely new passions like the former solicitor who became a flight instructor.

Ready to discover your number and gain the clarity that comes with knowing exactly when you could sell your practice? Listen now and claim your free verifiable CPD by completing the questionnaire through the link in the description.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

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You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport

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What does it take to grow from one dental practice to 23 while still maintaining your passion for clinical dentistry? Dr Phil Friel shares the remarkable journey that began with a chance conversation in a pub and evolved into one of Scotland's most impressive dental groups.

Dr Friel and his brother Christopher have built their dental empire through strategic acquisitions, focusing on larger practices while maintaining a distinctly family-owned approach that sets them apart from corporate entities. Phil reveals how they started with distressed clinics, rolling up their sleeves to paint and renovate themselves, before evolving to acquire established practices with seven or more surgeries.

Perhaps most impressively, Phil still maintains three 12-hour clinical days weekly, dedicating the remainder of his time to visiting practices, meeting teams, and driving the business forward. He shares the efficiency breakthroughs that made this possible – from executive assistance to diary zoning – and how these systems transformed his professional and personal life.

The conversation explores the brothers' complementary skills, their data-driven approach to practice management, and the £4 million they've invested in modernising equipment across their 130 dental chairs in just two years. Phil explains their "inverted pyramid" organisational philosophy, with patients at the top and owners at the bottom, and how the responsibility for 230+ team members and their families drives him to continue growing and improving.

Whether you're struggling with the demands of a single practice or contemplating growth beyond your current operations, this episode offers practical wisdom from someone who's successfully navigated the journey while maintaining clinical excellence and building more freedom into his life. Ready to rethink what's possible in your dental career?

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

Send us a text