Latest / The Millionaire Dentist™ / Taking Over the Family Practice with Dr. Taher
Transcript
- 0:03Hello everyone, Welcome to the Millionaire Dentist Podcast, brought to you by four
- 0:08Quadnans Advisory. On this podcast, we break down the world of dentistry,
- 0:12finances and business practices to help you become the millionaire dentists you deserve to be.
- 0:17Please be advised we do speak with an honest tongue and may not be
- 0:20safe for work. Hello and welcome. This is Casey Hires back at the
- 0:26Millionaire Dentist Podcast in studio with co host Jared Bridgeman. Hey, that's me.
- 0:31What's up, pal? You know, not much, just hanging out.
- 0:34We're supposed to get two inches of snow. You got your snow gear
- 0:36on? I do. I got outside this morning and it was starting to
- 0:40snow a little bit already, and I was chilled. I was like,
- 0:41I need to throw something on. It's been weird this week because what three
- 0:45days ago it was almost sixty Yeah, yeah, Indiana weather, very very
- 0:49finicky. Well, today we are excited to have a guest on and it's
- 0:56a client of ours, doctor Michael Taylor, and great guy, great client.
- 1:00We were actually we met up at the Yankee Dental Congress and had an
- 1:04adult beverage or too and we're just chatting it up and and uh I thought
- 1:08we'd invite you onto to the podcast today, Michael, So thank you for
- 1:11joining us. Thank you, Casey, thank you Jared. I'm excited to
- 1:15be on. Yeah, let's let's get this going. Well, I mean,
- 1:19that's the podcast fame, you know, after this launch is it's gonna
- 1:23be hard for you to be in public. Yeah, I get that,
- 1:26getting that podcast bomb will do it? Do you well? Good? Really,
- 1:30we just we want to ask you some questions and and you know,
- 1:33share a little bit about your experience with with our listeners. But I always
- 1:38like to go back to to kind of the kind of the start, you
- 1:41know, Yeah, yeah, you did your undergrad at holy Cross and you
- 1:44went to Toughts University in Boston for dental school. But back up into whye
- 1:51dentistry? What what? What was it about dentistry and and you getting into
- 1:55it. I just want to hear that a little bit. Uh so dentistry.
- 1:57I actually fought dentistry for a while. I've been around dentistry for almost
- 2:01my entire life. My mother graduated from dental school at TOPS when I was
- 2:07like nine or ten years old. So she did it with three kids.
- 2:09I couldn't do it just alone. So I actually grew up like actually in
- 2:15the toughs clinics too when I was like a kid. I don't know how
- 2:20how that happened, but so from like early on, I started doing small
- 2:23work for her at her office. Actually I'm one before the one I owned
- 2:28now when I was like fourteen, So I always knew I wanted to be
- 2:31in like a medical profession. I just was like, no, I'm not
- 2:36going to do dentistry. I'm not going to follow in like my mother's footsteps.
- 2:39So you said, so, Michael, you said you fought dentistry.
- 2:43Yeah, like for like teenage years, like how long. I just I
- 2:46just like I was just like no, I just don't want to do it.
- 2:49So like I was like, you know what, maybe I'll just do
- 2:51like regular doctor or like work at a hospital. But quickly realize that I
- 2:54don't like hospitals. Hospitals are not my favorite place, right, And then
- 2:58I was like, yeah, you know, let's try terinary. And I
- 3:00actually was in the veterinary field for like three years during and after college,
- 3:05both as like a farm hand and it's like a veterinary tech at like a
- 3:08small animal hospital not fun. I know, I didn't know that about you.
- 3:15That's some real you were a farmhand. That's some real work man.
- 3:17Yeah yeah, help birth birth animals and caps and stuff like that, or
- 3:22yeah, it was. It was mainly just uh, like taking care of
- 3:24a herd of horses, like and like a semi wild herd of like maniature
- 3:30horses. It was that was the fun part. I like that, but
- 3:32yeah, the small animal part not not what it was cracked up to be.
- 3:37That's a really hard job. So so then when when did you soften
- 3:40and you're like, you know what, maybe, yeah, it was.
- 3:46It was like finally after like three years, it's like, you know what,
- 3:49like I don't know if I want to do this veterinary school things.
- 3:52So I'm like, you know what, Mom, She's like, just try
- 3:54it. She's like, just work for me. And so, I mean
- 3:57working for her wasn't fun because it's working for your mom. But I ended
- 4:02up being your assistant for like two years and then I was like, you
- 4:05know what, this isn't that bad of a gig. I think I could
- 4:09do this. So in like twenty thirteen, that's when I started down to
- 4:13school tough. That's really interesting that you found out you actually do love this
- 4:17profession even while working with your mom or for your mom. Yeah. Yeah,
- 4:21that kind of says a lot about it. I can't say the same
- 4:24now and then. So when you graduated, you actually you didn't go back
- 4:30to Massachusetts, you went up to Vermont. So yeah, same thing.
- 4:33I was like, you know what, I'm not going to jump right into
- 4:35my mom's practice. I'm not going to do like this shoe right into a
- 4:39parent's parents practice. So I wanted to kind of blaze my own trail.
- 4:44I was very fortunate to land an associate position in like northern Vermont at like
- 4:48a really successful practice, like very well run and luckily up there, I
- 4:55mean, there's not many specialists in Vermont, so if you want to do
- 4:58specialty work, you have that opportunity. So I was able to like really
- 5:01hone a lot of great skills while I was practicing up there, mm hmm.
- 5:05And then, uh, yeah, it wasn't. It wasn't until like
- 5:08the pend I mean a lot of stories nowadays, it's like it wasn't until
- 5:11the pandemic that I decided. I was like, you know, I'm gonna
- 5:13come home take over the family business. Moms like nearing retirement. Practice wasn't
- 5:16doing so great, and I was like, yeah, let's let's just turn
- 5:20this into like this is gonna be easy. Let's turn this into like a
- 5:24well oiled machine, like right, like the one in Vermont. No,
- 5:28it didn't happen. Now, now walk me through just high level like you
- 5:34and your mom talking about, hey, I'm gonna move home and like be
- 5:36a partner and ultimately now you own the practice. But like, walk me
- 5:41through what it was. Negotiation sounded like it was like I mean, I
- 5:45think it was like during the time I was like all my buddies, like
- 5:47I was like the only one furloughed of all my buddies in Massachusetts. And
- 5:50she was like I'm having a really hard time here. And she's like,
- 5:54you know, like it wasn't like let's be partners. She's like here are
- 5:57the keys and then what Yeah, she was like I'm She's like, we're
- 6:02either gonna sell like they think they were talking to some DSOs and numbers were
- 6:08coming like real low. My dad was pretty beat up about it, and
- 6:11he's like, you know what, like Mike, just take it, just
- 6:13take it. And I was like, you know what, all right,
- 6:15I'll come home and uh and do it. So yeah, she she just
- 6:18toshed to the keys and said go exactly exactly and then talk a little bit
- 6:24about Okay, now this is my practice. What did you walk into?
- 6:29So I like this kind of goes into like I don't know, like I
- 6:32had like this great idea. Like when I'm up there, I had all
- 6:34these things going through my head and I was like, you know, this
- 6:36is what we're gonna do. We're gonna do this, We're gonna do this,
- 6:39and it's like everything looked great hypothetically, and then when I came back,
- 6:43it was just like, oh my god, I'm in over my head.
- 6:46It wasn't fun. It was like I was like super confident in my
- 6:48ability is to provide like dentistry and my patients like excellent dentistry. I have
- 6:53no question about that. But business ownership of running a practice proved to be
- 6:58way more than I anticipate that. Yeah, like month, month, three
- 7:02month, six year one, Like when when did that hit you that You're
- 7:05like wow, like week two? Yeah, between like trying to grow a
- 7:14practice that was shrinking, turning a profit from like a practice that was like
- 7:18next to shuddering, like new staff, current staff, new proto calls.
- 7:24Like it was, it was tough. It was. I was just like,
- 7:28I'm in over my head and like every day she's like, it's going
- 7:30to get better. It's going to get better. It's gonna get better.
- 7:31But like I'm pretty type A as a person, and I was like every
- 7:35like even like my fiance was like, listen, you just gotta keep going.
- 7:39You got to keep going. I appreciate you saying week two because so
- 7:42many have imposter syndrome and it'll take him a year, two years, a
- 7:46decade, two decades before they finally say, you know, hey, this
- 7:49is hard. Yeah, what what challenges as a as a young owner?
- 7:56You know most of them? I assume we're not on the clinical side.
- 7:59No, the clinical side is the easy part. Like I mean, dentistry
- 8:01is hard for a lot of people once you learn it and you master like,
- 8:05yeah, I mean I could do dentistry in my sleep. It's but
- 8:07then owning a practice, it's like I said, it's like the staffing is
- 8:11tough, hiring, firing new staff, like dealing with the challenges with staff
- 8:15and just finding the time to also do all that. Oh and it's exactly.
- 8:18And the biggest thing that I was like the most scared about in which
- 8:22I found no time to do was the books. Like I didn't realize what
- 8:26that took. Like I downloaded quick books. I'm like, how hard can
- 8:28this be? Like and then like I'm just I was just waighing over my
- 8:33head and I just I really had to rely on like our family accountant to
- 8:39like try and help me. But what does he know? I mean,
- 8:41he he heated his best and I really think of what he did. But
- 8:45it's just like every day I'm like, oh god, am I really going
- 8:48to do this right now? And so what I would do, I'd shut
- 8:50my computer and I'd go on with my week. Ignorance is bliss almost Now
- 8:56that were you able to start growing, growing the practice and sort of away
- 9:00at some of the making it the practice you wanted to be or did you
- 9:03feel like it was you know, a step? Yeah, it was.
- 9:09I definitely was very fortunate because a lot of the patients that have been there
- 9:13have been there for a long time and they actually knew me like as an
- 9:16as a teenager, like and so a lot of the patients really came around
- 9:20to me immediately which is not what I have when I first moved up to
- 9:24Vermont, so they noticed that changes were coming. I actually had slowly started
- 9:30changing the practice over like paint cabinets all that before I actually came back,
- 9:35so it wasn't like a huge sticker shock for the patients. I had renovated
- 9:39it like slowly over time with like my dad, like me and him together,
- 9:43and yeah, it actually we started seeing more progress. I'm a lot
- 9:48faster to a lot more dentistry than my mother. She has a lot of
- 9:52referrals, and so it was doing well. But like what am I supposed
- 9:56to do? Like there's obviously money coming to the bank. What I do
- 10:00this money? Is this the right number? It's like everything just kind of
- 10:03was open ended, like I had no idea. I had no idea,
- 10:05but it was like, you know what, I'm making money. I'm happy,
- 10:09hopefully this works. And how old were you when you like you're the
- 10:13owner of the practice and you're navigating these waters. I started like I think
- 10:18I was just just turned thirty two. Okay, yeah, so it's been
- 10:24about three and a half years, I believe now. Well, it's interesting
- 10:28a lot of times practice owners that that it's like year two, year three
- 10:31is when they kind of start to go, Okay, I've got to get
- 10:35some help or I've got to make some changes because it's a lot. But
- 10:39you you you sort of knew that now kind of getting into a little bit
- 10:43of you know, you wanting to broaden your horizons and learn new procedures and
- 10:50really better yourself clinically. To talk about that, I you know, I
- 10:54don't want to. I want you to tell it, right, like,
- 10:56yes we met at an implant course, right, but yeah, but talk
- 11:00to me your mindset where you're like, you know what I'm going to I
- 11:03want to place implants. I'm going to spend time and money to better myself.
- 11:07I And this is you know, in your early to mid thirties.
- 11:11So like I said, like in Vermont, like I was doing everything like
- 11:13i Endo moler endo, like surgical extractions, that I got to do everything
- 11:18up there, and I really wanted I told myself in dental school, like
- 11:22I really want to start placing implants within five years. I had buddies who
- 11:26went through gprs and all stuff like that and they were placing implants. He's
- 11:31like, dude, Mike, you got to do it. And so it
- 11:33was like the second year, I think of ownership and I was like I
- 11:37don't think I can. There's a lot of money to it to invest,
- 11:39Like I taken out of practice, but then like I was actually getting bogged
- 11:43down by the practice, Like you know what, dentistry is not fun,
- 11:46and so I was like I need to do something to like bring a little
- 11:50bit more spark back in the dentistry. And I was like, you know,
- 11:52let's just just let's just take this course. So yeah, I took
- 11:54the Boston Maxi course, which is like a year long comprehend of course an
- 12:00implantology. Like I've always liked surgical aspects of dentistry. And then I also
- 12:05like realized there's an opportunity opportunity here patients. I'm sending all these patients out,
- 12:11and a lot of them were like, yeah, you know what,
- 12:13forget it. I don't want to go anywhere. It's like all right,
- 12:18because trust they already trust you, you know exactly. They don't like getting
- 12:22shipped around and it's like oh this, I don't know if this person takes
- 12:24my insurance. I'm comfortable here, and so like they don't want to go
- 12:28to a new provider. And then return to have the process completed by me.
- 12:31And then I also realized, I mean it's implants, like it's a
- 12:35new revenue stream for the office. So like clinically, what was the hardest
- 12:41part clinically about learning them? Like what was kind of that learning curve or
- 12:45what was the what was maybe the hardest part the treatment planning? Okay,
- 12:48treatment planning, Yeah, treatment plank. That was the scariest part to me.
- 12:52I mean obviously that's why I didn't want to go to like there's like
- 12:56these courses all over the world where you can just go in place like thirty
- 12:58implants it's in like three days, and then fly back from Pejuana, Like
- 13:05I mean sure, Like I'm sure it's a blast, but am I really
- 13:09going to feel confident to all of a sudden bring this back to my patients
- 13:11and not really mess up? So that's why I the MAXI course really stood
- 13:18out to me. And actually I had a one of my not a classmate
- 13:22who was a year below me. He took it and I reached out to
- 13:24him and he's like, yeah, man, it's like it's very comprehensive.
- 13:26And so that's why I was like, you know, I'm gonna do this
- 13:30a little more expensive one year long. And then once I got the treatment
- 13:35planning aspect, I was like, oh, I can do this. And
- 13:37then yeah, I had a patient in, put an implant in, and
- 13:41that's it. The rest is history. It's it's pretty straightforward. If you
- 13:46do your due diligence in planning. Well, we you know, we like
- 13:48achievers, and it's incredible to me. You know how many dentists potentially delay
- 13:54doing what you did because it is time and money. I mean it's a
- 13:56year, it's a lot of money, it's a lot of time time,
- 14:00and it's uncomfortable meaning nobody likes necessarily change or struggling to learn something. And
- 14:07so kudos to you again at a young age to go, I want to
- 14:11better myself. I want a new revenue stream. I have control of this.
- 14:15I'm going to commit to doing it. So many, so many practice
- 14:18owners they're frustrated different revenue flows, but they don't they don't do these sorts
- 14:22of things, and so that's kudos to you. And then uh, I
- 14:26flew into Boston one morning and went to I don't know was the W Hotel.
- 14:31Yeah, great, little, great little spot, and uh, you
- 14:35know, I got a nice relationship with doctor Brian Jackson, great guy,
- 14:39and I come in and present to some of his uh you know his people
- 14:43sometimes and rolled in and had a flight out to Nashville, had had to
- 14:46get out of there. But ye kind of talk about that you're at an
- 14:50implant course and then you know, some some guy rolls in coming in hot
- 14:54and starts screaming at you about the business side of dentistry And let me know,
- 14:58was it at first sight? Yeah, it almost was love it for
- 15:03a sight and I'll get to that. So yeah, it was like it
- 15:07was like a quick like almost like a lunch and learned type thing. And
- 15:09all of us are like, we just finished three four hours of lecture,
- 15:13so we're all kind of beat and I was like what is this four quadrants?
- 15:16Like what is And like there's a lot of sales through the ham.
- 15:20I'm like, what's this person's selling? And I've been and then so I
- 15:24was like there there was like this little car Casey introduced himself. There's like
- 15:26this little cartoon on the on the screen and I was like, all right,
- 15:30what's this going to be? And the end of the cartoon, I
- 15:31was like, oh my god, that just spoke to me. I was
- 15:33like, this is what I need. Like I like, I'm just here
- 15:37learning implants, but really in the back of my mind, I have this
- 15:39practice where like the same thing. It's like I feel like an impost there
- 15:41and then like I think, like that Sunday, I was just hit with
- 15:46like an astronomically large tax build from my accountant at like nine pm on a
- 15:52Sunday, and then all of a sudden, this four quadrants like this,
- 15:56like the room like lit up, and like I see Casey like putting his
- 16:00stuff in his bag and he's like, I gotta get out of here.
- 16:02And I like eagerly filled out the questionnaire and like ran it over there and
- 16:04I'm pretty sure I wrote at the bottom of it, please help me.
- 16:14I was like heading out the hall to head to the airport. Yeah,
- 16:17and you were so nice and I remember seeing that and I'm like, but
- 16:19again, kudos to you, because so many times ego gets in the way,
- 16:23right, and you realized you needed help on that early on. You
- 16:29take an implant course, you hear somebody talk and you're already a little beat
- 16:33from three hours, but you had the courage to go. It's worth the
- 16:37conversation. Oh yeah, I was. I think got on the way home,
- 16:40I like call my dad and I was like, you got to hear
- 16:41about this that I called. I told Lisa and she's like, well,
- 16:44yeah, see where to see what it is. But yeah, I'm glad.
- 16:47I'm glad you guys gave me the opportunity to apply. Well, and
- 16:52you know, we talk about it on this course. I mean, we
- 16:55can't help everybody. We're very selective and it's an equal vetting process. But
- 17:00I guess from your end talk a little bit about just sort of that dating
- 17:04process, that vetting process, what that's like, and then ultimately what your
- 17:08experience has been having a comprehensive team that can help you on the business and
- 17:14financial side. Ah yeah, So, I mean it was very It was
- 17:18a lot of paperwork to find and like I said, for me, having
- 17:22like everything was kind of a mess with like the accountant, like the paperwork
- 17:26transfer the business. So it's a lot of work for me to get all
- 17:29the paperwork in. But I was like super eager. I got to get
- 17:30this in like the same day, like as fast as I possibly can.
- 17:34Very nervous, I'll tell you that I was very nervous, like I really
- 17:37need I don't care what the cost is. I really need this, like
- 17:41partner, like I need to like go to bed and I knowing that someone
- 17:44has my back. It's it's funny you said that the getting everything that exercise
- 17:49alone here, you're like peak behind the curtain. It's twofold one. We
- 17:53need that data to look at a practice and see can we help them.
- 17:57But that exercise for you to go through a lot of times, it shows
- 18:02people I don't know where these things are. It's yeah, it's some basic,
- 18:07basic things. But the act of going to get them that that's a
- 18:11test on our and can somebody do it? Can they get it to us
- 18:14in a timely manner that shows us if it's important or not. But just
- 18:18just doing that was probably on your rent. It felt heavy. Yeah,
- 18:22it was. I mean I'm pretty sure like my like my current accountant didn't
- 18:26even have started my taxes at that point. I think he like filed an
- 18:29extension and I'm like, no, man, like you got to get this
- 18:32now. I need this yesterday for these people. And then but luckily he's
- 18:37a good friend and he tried to do it as fast as he can.
- 18:41He's like let me know if you need anything else, And I'm like,
- 18:42thank you, I really appreciate it. But and then yeah, after the
- 18:47first converse, a couple of conversations uh with Casey, and then when you
- 18:49guys finally said that, yeah, we'd like to offer you, like the
- 18:53partnership, I think I hung up the phone and was like, oh my
- 18:56god, like my life just changed, Like this is like the best day
- 19:00of my life. Well, and you don't have kids yet and your wedding
- 19:07day hasn't happened yet, So you can say that and not get in trouble.
- 19:11You can say that not get in trouble. Yeah, I'm able to
- 19:12change that by the end of the year. And then you know, share
- 19:17a little bit about your experience that you you know, again having a team
- 19:21help with this stuff and not just the you know what it helps financially or
- 19:26my taxes, but like the stress part. But I'm just curious just how
- 19:29that's been. Yeah, So like going back, I mean, like go
- 19:30in dentistry, I mean every day, Dennis, we make we make decisions
- 19:33every single day, like every two seconds, you're making a decision whether it's
- 19:37for your staff, for your patient, for the business. So like I'll
- 19:40just say one of the best decisions I've made was to contact for quadrants.
- 19:44It's it's been a huge weight off my shoulders. Yeah, there's aches and
- 19:48pains of being a practice owner, but like I really feel I have like
- 19:51a solid team to fall back and ask you guys questions that backs me up
- 19:55in every decision I'm gonna give. Like I mean, I'll shout out to
- 19:57like Joel as Steve, I email them like four times a day, like
- 20:02we just probably questions that are like he knows this answer, but I every
- 20:06decision I make, I throw it through four quadrants first, and like I
- 20:11mean, a lot of people are like, oh, you don't want like
- 20:12I've talked to like different business or you don't want this guy telling you what
- 20:15to do, blah blah blah. Every decision I've made and put through four
- 20:19quadrants, I've had little to no pushback at all with any decisions I go.
- 20:23But but all the responses are backed by data that's specific to my practice.
- 20:30So when I make that final call, I know it's an informed and
- 20:33a correct decision, which is the business aspect is huge, huge, Yeah,
- 20:38because we've talked about, you know, on this podcast several times is
- 20:41you know, we try to remove the emotion of making a decision, providing
- 20:48that data and that information to be like, this is what we think is
- 20:49the best possible you know, solution. Uh, And then you feel more
- 20:52confident when you've made it, like you said, oh yeah, because you're
- 20:56backed up, you had an instinct, it's backed up with data, you
- 20:59feel better about it. Oh, it's it's it's insane. I like,
- 21:03for example, the biggest decision I knew I wanted to do it my mother
- 21:06was a network with like eighteen or nineteen PPOs, so like and like most
- 21:11people are like, oh yeah, two three PPOs, I'm like, oh
- 21:15no. I was like, if there's a PPO and the son, I
- 21:17take it, and I was like, this is and so leaving people like
- 21:19that was one of the biggest things I think I mentioned with Casey and like
- 21:22the original initial calls, like I would like to start leaving these PPOs,
- 21:26but I'm scared, like what if I lose all these patients, Like what
- 21:29if the practice falls? And it's like a very hard decision to make.
- 21:30But with the help of four quadrants and like the advisory team, I was
- 21:34like, no matter what, I do. It's like, this is a
- 21:36positive and it's it's been I've made some huge changes in the past year and
- 21:41I'm already seeing the positives of it. And yeah, there's gonna be some
- 21:45growing pains, but we knew that. But with the team and having that
- 21:48the advising team behind me, like, I know, I've made the right
- 21:51decision. Well for us, the more coachable people are, yeah, the
- 21:56better. And you know, for for for you to find us in your
- 22:00mid thirties and to be coachable, you know, not to get into too
- 22:03much detail, but you'll have the financial freedom, you know, in your
- 22:07early fifties to do a lot of different things, and one of those could
- 22:11be, you know, to retire. Now, when people have the opportunity
- 22:15to retire early, typically they actually enjoy practicing dentistry even more. Yeah,
- 22:21but just to have the freedom and the options, you know, at that
- 22:25age versus I get bummed out when I talk to people that are fifty eight
- 22:27and sixty two and they haven't done this, They've tried to figure it out
- 22:32on their own for two or three decades, and you know, ugh,
- 22:37I don't like those but my gosh, you know, you having not letting
- 22:41ego get in the way and being coachable. It's just going to afford you
- 22:45so many options. And then again, congratulations, you'll be getting married you
- 22:48know here shortly. But to have all that in place before before that,
- 22:55it's going to be such a breath of fresh air and allow you, guys
- 22:57to not be bogged down with the financial stressors that that get into marriages.
- 23:03Yeah. No, that's I mean in terms of like I never really thought
- 23:07like the biggest thing was like the help with the like when I heard you
- 23:11talk and like the bookkeeping and stuff like that, was that was like my
- 23:14biggest You're like quick Books, I'm yeah, yeah, I think it was.
- 23:19It was during the onboarding. I think Kevin, the guy who the
- 23:23accountant who onboarded me, He's like, yeah, many, and I was
- 23:26just asking him real questions. I was like, He's like, yeah,
- 23:29many of our clients don't even like look at their books ever again, And
- 23:33I was like, no way. And then guess what, I'm one of
- 23:37those clients. I think two months, two months after I onboarded last year,
- 23:41I deleted quick Books. I haven't looked at it, and I'm totally
- 23:47confident whatever I send to you guys, it's getting done correctly because like that
- 23:52too, Like I think a lot of dentists, like my buddy just has
- 23:53like a buddy do it. It's like having a dental specific CPA is param
- 24:00out like it's crazy, Like immediately you find things out you should have done
- 24:03this, should have done this, should have done this, and I'm like,
- 24:06yep, well I'm gonna trust you guys now, I'm just gonna go
- 24:10home. Well, and the beautiful thing is they're up to date, they're
- 24:12correct, they're complete, and they tie to your tax return. It's frightening.
- 24:18I mean, we're looking at data this month and we've got multiple people
- 24:22going through our process and their quick books are behind, they're incorrect, they
- 24:25don't tie to their tax returns. Well, guess what the irs loves to
- 24:30do little audit checks with that. That's a real red flag. And so
- 24:33to your point, not needing to worry about it, but then knowing that
- 24:37it's done better than it ever has been before. I appreciate you mentioning that
- 24:40and anything else you want to share with h It's funny we're just talking.
- 24:44But you know, we've got a good amount of listeners out there and dentists
- 24:48and you know, probably some folks starting out like you, but then also
- 24:52maybe some folks that have delayed mastering this. Yeah, I think, and
- 24:56I one of like the the one thing that I I really wasn't wasn't really
- 25:00on my mind and I think you just alluded to, was like the retirement
- 25:03and like the personal planning. I figured just maxing out of four one K
- 25:08over my lifetime or my career time would be like enough. But and down
- 25:14the road, I'm like, I think my buddy just like hired a personal
- 25:18financial planner or something, and I was like, yeah, I don't really
- 25:21need that. I was like, I can focus on that like my forties
- 25:23or fifties. Well, I'm glad, Like I'm glad four Quadrants has a
- 25:27different take on that. And like I'm coming up on like my year anniversary
- 25:32with you guys, and it's insane how much I've saved, and I'm gonna
- 25:36tell you right now, I haven't stopped spending. I'm glad you mentioned that.
- 25:41Ye so much. So many people think, oh, these they're gonna
- 25:45make me not spend, and so thanks for mentioning that, because it's true.
- 25:48If you get things right, we want our clients to still have fun.
- 25:52Yeah, and no. I mean, we're definitely having fun and like
- 25:53I said, I'm getting married this ball. We're starting to on board my
- 25:56my Beyonce's finances and like both of us are excited to see like what you
- 26:00guys will come up with for us. And like, I mean, yeah,
- 26:03I love dentistry and all, but I really don't want to practice in
- 26:07my sixties. Amen. Amen, So I'm sure I'm at the end of
- 26:12all of this. I'm sure like at the end of my career. I
- 26:15think my favorite part of the partnership would would when I decide to hang up
- 26:19the drills, is what the team and myself have achieved for like my personal
- 26:26finances. I think that's that's probably the most exciting factor. Well, it's
- 26:30the scoreboard. And again, dentists like helping people and practicing dentistry. But
- 26:34let's be honest. I mean, we're doing it to make money and to
- 26:37retire and to help people. But so many people won't. They don't want
- 26:42to think about retirement when they just kick it down the road and get kudos
- 26:45for you to to do it early, and it's certainly going to pay off.
- 26:48And I appreciate you, man, I appreciate you hopping on this podcast
- 26:52and and I think did I wait until about the I think our second adult
- 26:56beverage was delivered, and I'm like, hey, you want to be on
- 26:59the podcast? And I was like, yeah, definitely podcast. That sounds
- 27:04great, and You're like, wait, you really want me to Okay?
- 27:07But no, hopefully this is uh, hopefully this hasn't been too painful.
- 27:11But I appreciate you sharing your story because I think it's going to resonate with
- 27:14a lot of people. And again, you know, an achiever, but
- 27:18then just still there was areas that needed help men and and the worldview is
- 27:22as an achiever, well I should just figure this out. And the ones
- 27:25that realize, well I'm really good at something I can monetize it, but
- 27:29I'm not good at these other things find people who are. And you did.
- 27:33And I'm glad. I flew into Boston and for six hours and met
- 27:37you at the W and you're gonna be uh, you know you're gonna be
- 27:41You're gonna be great. You're gonna be able to call your shot. But
- 27:44thank you so much for joining us, and I really appreciate it. Yes,
- 27:48thank you, Yeah, thank you, Jared, thank you, Casey.
- 27:51I was really really happy to be on there for you guys. Well
- 27:53good, Yeah, we'll be heading to we're actually exhibiting. We don't do
- 27:57a ton of exhibiting, but we're doing the Donnic Show in Georgia. We're
- 28:02also going to be at the Midwinter and then I think I'm in Tampa in
- 28:06Nashville. So again, all these events, I'm looking for more doctor Michael
- 28:10Taylors who come in and go, huh, this is interesting. Maybe I
- 28:12should spend make a had a phone call and get the note. And if
- 28:15that's you out there listening and you're ready to follow in these saying footsteps,
- 28:18go to four Quadrantsadvisory dot com. You can fill out a form there or
- 28:22click on our events tab and see where if we're gonna be near you anytime
- 28:25soon. Also, feel free to like and subscribe to us on iTunes and
- 28:30follow us on social media. Thanks Jared, thanks you, Michael, thank
- 28:33you. That's all the time we have today. Thank you to our guests
- 28:37for their insight and for sharing some really great information. And thank you to
- 28:41you the listener for tuning in. The Millionaire Dennis Podcast is brought to you
- 28:45by Four Quadrants Advisory. To see if they might be a good fit for
- 28:48you and your practice. Going over to four Quadrantsadvisory dot com and see why.
- 28:52Year every year they retain over ninety five percent of their clients. Thank
- 28:56you again for joining us, and we'll see you next time.