Latest / The Chiro Money Show / 021 | Getting Your Reps, Finding Your Mentor, and Launching Into Year One w/ Dr. Kyla Butz
Transcript
- Chris: Welcome back to the Chiro Money Show, where we help make better financial decisions so they can build stability in their finances and a lifestyle that they love. We're your hosts Chris Scheele and Scott Campbell of Align Wealth. Welcome in. Dr. Kyla Butz, welcome to The Chiro Money Show. Dr. Kyla Butz: Thank you so much for having me guys, it's a pleasure to be here. Scott: Yes, thanks for being here, Kyla. Looking forward to having this conversation with you. You're the first guest on the show, so welcome. We're really excited to have you here and to have this conversation with you. ⁓ came across your Instagram profile maybe three or four years ago. You must have just been starting school. ⁓ that be the right timeframe of when you started at Palmer? Okay. Dr. Kyla Butz: What? ⁓ Scott: Exciting day! Got our first guest on the show today. Super stoked about that. Big day, yeah, for sure. I feel like we picked a really great first guest. Her name is Dr. Kyla Butz ⁓ I following Dr. Kyla on Instagram a couple years ago. She, ⁓ at time, was going through her first couple years of school at Palmer University, down in the US. ⁓ And I've always appreciated about Dr. Kyla, and kind of the reason why I reached out, was... Chris: Yeah. Big day. Yep. Dr. Kyla Butz: Yes, actually, I started Palmer in July of 2022 and right around there, I can't remember exactly when, but I started my Instagram around that time. Scott: Cool. Well, that's one of the reasons why I was intrigued to reach out to you. I've been following your journey for the last couple of years what I noticed about you right away is that you just have this wonderful, bright personality. You bring so much genuine excitement to ⁓ you are sharing with the world in terms of your journey going through school ⁓ now transitioning to first year practice. So you've really done a lot of work with building your personal brand. She's done an amazing job of just kind of sharing her journey and documenting her journey of being a student, getting through school, now transitioning into her first year of practice. She has such a bright, wonderful personality, easy to talk to, and we wanted to reach out and say, hey, let's have a conversation about why document this journey. Tell us about this transition from going from a student into practice. So yeah, was a fun conversation we had with Dr. Kyla. Chris: Yeah, it's super great to hear her story and yeah, I just kind of hear why she wanted to start building her brand and out there speaking and hearing about where she is now and what the process has been like get there. So I think it'll be a good, interesting story for our listeners to hear and yeah, I'm very excited to have Dr. Kyla on the show. Scott: I would love ⁓ hear about why you made that kind of conscious decision to the record button and start documenting the way you did and sharing that with the world. Dr. Kyla Butz: Yeah. Totally. Yeah, that was the idea right at the start was to build a personal brand. initially I just wanted to get comfortable with speaking reps. You know, I had, I always knew I wanted to be sort of public speaker or give health talks or something, but I would tremble in my boots ⁓ even just the thought of actually doing it. ⁓ so I knew, okay, like I got to start with baby steps and I just got to get reps. And so I said, you know, let's just start an Instagram. ⁓ had no idea where. Scott: All right, let's move over to our conversation with Dr. Kyla. Dr. Kyla Butz: it could go, but I just wanted a platform for me to be able to put my face in front of a camera and speak. One, communication reps just with chiropractic or what I'm doing because honestly people just want to see what you're doing and what you're up to, which is kind of crazy, which I didn't think would be the case, but and so I just ended up documenting my journey and as there were certain things or fun facts that I was learning in my classes, ⁓ would just put my face in front of the camera and talk about it and make a video. And sure enough there were a couple of videos that went pretty viral and got my name out there ⁓ from there was kind of like an eye-opening to say ⁓ wow this is this actually really take off if I ⁓ put mind and efforts into it ⁓ and course it wasn't like the absolute number one priority number one was to you know get through all my classes and do well and ⁓ Train and go to seminars all those things. But yeah, the Instagram account was just a really good way to Start building my brand so that after graduation Scott: you Dr. Kyla Butz: I knew that I had some sort of level of trust that was already built throughout the years when You get into practice ⁓ you already want to have that level of trust with the general public to say hey like I'm an expert in XYZ topic ⁓ or I know a lot about XYZ whatever you're with in your health ⁓ and kind of turn that into a Marketing strategy that it's a smoother transition after graduation people have already been following me, they know who I am, ⁓ they can come into the office. And honestly there's been a handful already that have found out, there she's graduated, she's a chiropractor, I want to book with Dr. Kyla. So that's actually been really cool. Chris: That's so cool. I'm curious though, like you're going to school in a different location than where you're practicing now. Like, you think that's still translated? Like building that audience maybe across North America? Like... Dr. Kyla Butz: Yeah, it certainly helps to be back in my home province where I do know people. I grew up in Fort McMurray and so that's where my immediate family is, but all of my aunts, uncles, grandparents, cousins, we're pretty much all in Alberta here. And I went to undergrad here in Edmonton at the U of A for a Bachelor of Science in Kinesiology. So I created my own community here before going off to chiropractic college. And so then, of course, after that, they still followed my journey and I'm still really plugged in here. But of course, I've lost touch with, you know, a couple of the docs or even just the students that I went to school with down in the States, because of course chiropractic is just different in both countries. ⁓ a little bit more regulated up here in Canada with how we can communicate and what we can say and things like that. ⁓ say there are some slight differences going from the States to... but not a ton. It definitely helped that I had a bit of rapport built with my community here already. ⁓ it just needs to expand so that's awesome. Scott: Mm-hmm. Yeah, I'm sure that's going to continue to grow and what a great way to just also just build credibility for. someone that's following you on Instagram, they're curious, it's that we all do now. ⁓ You're recommended to someone you often will go to Google or you go to Instagram and find who this person is you're ⁓ probably going in with the assumption that they're probably great at what they do ⁓ as a professional, but so to understand who they are as a human being. am I going to with this person? Yeah. Dr. Kyla Butz: 100%. Yeah, want to, people love predictability. And so if they know what they're already going into or who they're about to meet, that definitely helps initially to have a little bit of rapport there. So. Scott: Yeah, for sure. Chris: Great point. wanted to ask you, obviously was a bit of a stretch for you, like you wanted to take on that challenge of like getting in front of the camera and getting your speaking reps in. Has it got easier for you? Yeah. Dr. Kyla Butz: 100 % my gosh yes before would take me probably an hour just to make a simple video ⁓ of just talking about ⁓ whatever It was more so just me being extra critical of myself like like I stumbled there ⁓ No, that quite come out right like we should redo the whole thing and then it just became whole process but now ⁓ it's more just Do it rather make it perfect just get it out there because more more often when you just get it out there, you actually come across as more authentic, in my opinion. You're not as scripted and robotic and things like that, so it's definitely gotten easier, yes. Scott: Have you passed along that advice to some other docs along the way that are kind of thinking about doing what you've done or some kind of version of that? Yeah. Dr. Kyla Butz: Actually, yeah. I went to the CNAC conference in Toronto just this past November and I had a couple docs come up to me and say, hey, hey, I follow you on Instagram. I'm like, whoa, really? That's so cool. And yeah, they just asked for like a couple of tips and I just told them, hey, ⁓ worry about perfection. Nobody actually cares about perfection. Just get it out there and just put your speaking reps out there and things just will get better. Because honestly, I think I can't remember the exact quote that I remember hearing, but I heard this quote saying that But meanwhile you're over here worrying about perfection while somebody else who's worse than you is actually doing better just because they're just doing it more. And so that was really something along those lines. And so that was really a big motivator for me to just get out of my head, get it done, but then also just share what I learned from the lived experience that I had building my brand. Chris: That's pretty awesome. It's a, it's interesting, like, obviously you're still kind of starting out in the earlier stages of your career, but you're already finding ways to mentor and give back to other docs, whether they're like further on in their career or not, or just starting out. It's obviously you seem like, it seems like you're a natural mentor and teacher. And you also, yeah, yeah, you're welcome. You also mentioned to Scott that like finding great mentors has been important to you. Do you want to tell us a bit about the role mentorship to play for you so far in your Scott: You Dr. Kyla Butz: ⁓ thank you. Chris: journey. Dr. Kyla Butz: Yeah, ⁓ my gosh, it's been huge. we go all the way back to undergrad when I was still deciding is chiropractic for me, what do I want to do? Long story short, I ended up finding Dr. Don and Brandy McDonald, who works here in Edmonton at Southside Chiropractic, and I literally walked in on a cold call saying, hey, I'm a practicum student and I'm looking for a placement. I think I want to be a chiropractor. And after we met, we all vibed really well. They are amazing people. Scott: Mm-hmm. Dr. Kyla Butz: and they looked at me and they're like, yeah, no, you're going to be a chiropractor and you're going to do your practicum here and we're going to the foundation for you. And honestly, it really truly did going through school because I had no idea that chiropractic went as deep as just adjusting basically the nervous system and helping it become more regulated. And when the nervous system functions well, the body. Scott: Amazing. Dr. Kyla Butz: is able to heal and function better ⁓ And so they really set a solid for me going into school being a student being so green in ⁓ Chiropractic in the profession ⁓ you get to so many different and techniques and philosophies in school different mentors and so It was really good to just have that and also just to keep in touch with them throughout school ⁓ so that I can still remember Okay, no, this is what this is what I believe this is what I know and this is definitely how I want to practice because there's so many influences in school and then of course met so many other amazing mentors while I was in school through kairos training culture I was really involved with them as a student facilitator and they also opened my eyes to another level of arts and technique to chiropractic that I didn't know beforehand and so the evolution of the different mentorships that I've had has been really valuable to shape who I am today. But then of course also being able to bring it back full circle, I didn't know I was gonna end up back in Edmonton but of course after meeting with Donna Brandy one summer, you know, we just chatted things out and they offered me a Scott: Mm-hmm. Dr. Kyla Butz: opportunity to come work with them I just I just knew I would have been an idiot to pass that up. ⁓ was just such a good opportunity ⁓ so now I'm back here ⁓ just to continue to have their expertise and mentorship by my side to ⁓ push me as a new grad ⁓ two to also hold space for ⁓ know just the mistakes or any self-doubt or anything like that has been Scott: you Dr. Kyla Butz: invaluable. I can't recommend new grads making sure that they have a mentor. Enough. It's so, good. Scott: Mm-hmm. I imagine that would be even true for a chiropractor who 5, 10, 15 years into their journey. To continue to have someone that you could look up to and be mentored by and ask good questions and challenge you and make sure that you're always growing is never going to stop. Just because you're a new grad and new into practice doesn't mean that you won't want, you're not gonna give up that mentorship anytime soon. Like you're gonna always probably be hanging on to Dr. Don and Dr. Brandy to mentor you as you go through this journey. Yeah. Dr. Kyla Butz: absolutely. And even still, ⁓ graduates the same chiropractor as they are 30 years from now, you know? So you're always in an evolution and you're always changing. And ⁓ chiropractor who has been in practice for 30 years is obviously practicing completely different than me, who's been in practice for three months. And they have their own struggles versus I have my own struggles in this phase of career. yeah, ⁓ always mentorship ⁓ never a Scott: Right? Yeah. You Mm-hmm. Yeah. Well, it sounds like you found two wonderful mentors. I don't know Dr. Don and Dr. Brandy very well, but I have heard their name in the community, and it sounds like you happened to walk into the perfect practice to meet the two. Dr. Kyla Butz: about. Scott: perfect individuals that what I understand of those two is that they are heavily involved with the community. Like Dr. Don has his own podcast and like he's heavily involved in teaching and supporting ⁓ ⁓ the broader chiropractic community. So you into the right practice from the sounds of it, right? ⁓ Dr. Kyla Butz: I absolutely did. Yeah, I can't believe I found them right at the start. Chris: Was that by luck or was that by research? how did you end up there? Dr. Kyla Butz: I'd say a little bit of both. At first it was just Google search up like who is a chiropractor kind of close to me so that I didn't have to drive of course you know 30 minutes all the way across town. And I just kind of went off of Google reviews and I was looking at reviews to see what people are saying like how do they like the office things like that and so I reached out to a handful got an interview with a few of them and one of them happened to be Dr. Don and Brandy and so yeah and when I say luck I Chris: Yep. Scott: Hmm. Dr. Kyla Butz: of mean, you know, they only took on their last practicum student that they took on was Dr. Haley, who now works for them, which was at the time like five, six years ago. Otherwise, they weren't taken on any other practicum students. And so the fact that, you know, just a cold call email saying, hey, and they're like, yeah, come on in, like, let's give it a shot. Who knows, you know, and sure enough, they've been some of the most influential, impactful people in my life. And they really Scott: You Yeah. Dr. Kyla Butz: did change my trajectory. So I owe it all to them. Scott: Amazing. Amazing. Well, this is the Chiro Money Show, we wouldn't be ourselves if we didn't touch on money at some point, So I'm fascinated to talk about your specific journey going through school. Dr. Kyla Butz: Yeah. ⁓ Scott: just in relation to the time period that you were in school, there's never been a two, three year stretch that, ⁓ least in recent memory, where inflation has been extremely high, we got the really big exchange rate between the Canadian and US dollar, ⁓ probably managing student loans and all that, ⁓ through the first couple years of school. Walk us through that ⁓ of managing cash flow and student loans and high inflation and exchange rate. That must have been a new experience for you. Dr. Kyla Butz: It certainly was. Yeah, and it was at first it was very stressful, know throughout undergrad I was very good with my money, was able to pay off all my undergrad, most of it, most of my undergrad loans, worked hard like worked two or three jobs throughout undergrad. So I was very money conscious. And then I knew going into the States with the exchange rate with the tuition was pretty much triple what my undergrad was. I just knew that I was gonna have to be okay going into debt ⁓ first it's ⁓ mindset shift just say you know like this is not in my control I am going to go into debt ⁓ gonna happen and so ⁓ out a way to not make that fact ⁓ big stressor because there's gonna be a lot of other stressors going to chiropractic college ⁓ are just gonna take priority and so when got down there a big reason why I chose to go to Davenport Iowa is because it was a fairly affordable place to live for the most part. Tuition across most of the schools in the states are about the same, but it was more so the cost of living that was really a big influence on where I decided to go. so that's I went to Iowa. And ⁓ just so the loans that I got from Canada and from Alberta weren't enough to cover cost of tuition ⁓ once you get it the border, you know, just getting across the border. you blow on average it was about 38 % of that just gone. And so that didn't cover enough. And so I had to take out a line of credit. My parents were a co-signer with that. And I basically used my line of credit for anything that student loans couldn't cover. So any extra tuition, rent, car, gas, food, things like that. ⁓ the started to rack up ⁓ for But I also found ways as a student to be able to save money. ⁓ I I wanted to really invest in myself. That's the reason why I to Chiropractic College and down to the States. And so I knew I wanted to do a lot of seminars. I went to my first seminar at like six weeks into school, hooked, ⁓ loved it. And there, just really dove into becoming leader. And I ended up becoming a student rep for quite a few seminars. ⁓ And throughout my in school, I ⁓ ended up attending seminars ⁓ before graduation, ⁓ is a number. All those Chiropractors who know, ⁓ Scott: Wow. That's right. Yeah. Dr. Kyla Butz: is a good number. But I'd say a solid 80 % of those I didn't actually pay for. So I got to go to them for free because I was a student rep. Now with that, you do have to do all of the marketing, all of the recruiting, know, payments for the venue, things like that. Of course you get reimbursed for it, but you did all the organization of it to be able to go to that seminar for free. And seminars typically range from 350 to 450 USD per weekend. Chris: Yep. Scott: Right? Dr. Kyla Butz: So you could imagine 33 seminars paying that much, it'd be almost a whole other tuition in and of itself. So that was a huge help throughout Chiropractic's college. And then of course applying for scholarships, I ended up getting a lot of scholarships, so that helped as well. yeah, there's still student loans and that exchange rate was the big kicker. You're almost gambling throughout the whole time there because you would every day watch the exchange rate. And I had a notification set on my phone to where if it would Scott: No doubt. Chris: Mm-hmm. Dr. Kyla Butz: drop below a certain exchange rate, then I'd be like, okay, let's go and transfer some more money right now. yeah. Scott: Did you have any systems or processes for how you thought about managing cash flow and spending and kind of keeping that, like obviously you knew you were going to go into debt. Did you have any sort of system on how to manage effectively managing that debt going through school and making sure you didn't overspend and kind of come out of school with more debt than you needed to? Chris: on that. Dr. Kyla Butz: Mm-hmm. Right. I didn't have anything super rigid, I'm not gonna lie. I just didn't really spend money on anything that was out of the necessity, other than like the seminar here and there, of course, which I was comfortable with because it was an investment into myself and I am reaping the benefits of it now, of course, after graduation, but just always... Scott: Yeah. Yep. Dr. Kyla Butz: Always keeping in mind how much money I had from student loans ⁓ then calculating, how much is that going to cost or how much is that going to cover what I needed to? And just little bits here and there, I would pull from the line of credit because the line of credit I pay interest on every month. ⁓ Whereas my student loans, I actually don't pay interest until a year after. So ⁓ the part. So max out student loans as much as I can and then just little bits here and there take out from the line of credit. Scott: Mm-hmm. Dr. Kyla Butz: Because I didn't want to take out too much line of credit and then just have that sitting in my bank account like hundreds of dollars that I don't actually need ⁓ I'm paying interest on it. ⁓ honest, that's the simple answer is I just didn't spend on things that I didn't really need ⁓ I only took what I needed Chris: there any financial advice or conversations maybe that you had during your time in school that really helped you and your outlook on money or like what any inspiration there? Dr. Kyla Butz: I would say, especially for a lot of students in school, money is a big thing and it is a big stressor. Especially for the international students from Canada who are paying that extra. And a lot of the advice that we got from mentors down in school was... Don't overspend, of course. Don't spend money that you don't have. Don't have. mean, technically we don't have $300,000, but you're borrowing it all. you know, just be conscious. Like if, and I wasn't a partier, I didn't really go out on the weekends or anything like that. But, you know, the students who would go out on the weekends, you know, limited to one to two drinks or just little things like that. Just putting it into perspective because once you graduate and now you have all of these loans, And unless maybe you got put on salary immediately, as an entrepreneur you start from nothing. ⁓ so there is still expenses to get started ⁓ after school that I didn't realize and that's maybe something we can we can talk about here. But ⁓ I didn't realize how much money it ⁓ to start up a business. the biggest thing that the mentors told us was ⁓ investment in yourself is the best investment that you can make. So still encourage us to spend a little bit more than tuition on seminars and things outside of the classroom. But again, just the investment in yourself is the best one you can make and nobody's ever regretted, like I regret you know learning that at a seminar or ⁓ you know it's just building your tool belt so that ⁓ can have a better launch after graduation in your confidence, in your adjusting skills, ⁓ in your clinical expertise as well. Scott: Yep. Yep. Dr. Kyla Butz: yeah, that was the big one. Scott: It'll pay huge dividends down the line. There's no doubt about that. That's for sure, for sure. terms of Palmer and ⁓ you went to school, I'm curious, did they ⁓ or have any dedicated time or classes or courses on talking about business, ⁓ combination of both? Tell us what you learned in school specifically around business and finances. Dr. Kyla Butz: It will. It will, yeah. Yeah, they honestly didn't touch on it a ton. We had, once we got into clinic, into eighth and ninth and tenth try, they had some online classes that we had to take. And so those would kind of walk us through step by step financial plans, how to track certain things ⁓ numbers in your office, overhead, ⁓ like that. And so ⁓ I as much of that, ⁓ away Scott: Mm-hmm. Dr. Kyla Butz: from that as I could, but also knowing that I'm going to practice in Canada and talking about things in American lingo with, know, because they have S-corps and ⁓ things like that. And so it was really hard for me to translate because I just didn't know what I didn't know. ⁓ it was tough to know, okay, so we're talking about this ⁓ America. These are the rules. So now, what is that equivalent in Canada, like what I'm going to be dealing with. And so that was the trickiest part is they didn't really cater to the Canadian students financially for those kinds of things, which I understand why Canadian students, only take up not even 10 % of the school. But I was missing that part, certainly, just with how to handle taxes or do your taxes. Scott: Mm-hmm. Chris: Thanks. Scott: . Dr. Kyla Butz: tax benefits if you go this route versus that route in business. All those things kind of went over my head because it just didn't translate to Canadian terms. that was trickiest part for sure. Chris: Interesting. Yeah. Yeah. Why don't you tell us more about the transition you mentioned earlier, a few kind of unexpected, like starting out as an entrepreneur, you finished school and you think like, Hey, ⁓ it's right now I'm ready to earn money ⁓ I'm done going into debt. Was that, was that the reality for you or tell us about, about the journey? ⁓ Dr. Kyla Butz: It sure was. I was so ready. Once I got my license, like, okay, now we get to make some money. But, or not even after my license, but after I graduated, I'm like, finally, able to make some money, do the thing. Like, I've worked so hard on myself. And then you get slapped in the face with, okay, but here's your malpractice insurance. And here's the cost to be registered with the CCLA. And here's the cost to, you know, hire a lawyer to get your professional corporation set up. and fast forward like six, eight weeks, I'm five grand again in the tank to get all of this stuff in line. And so that was a big eye opener for sure. I don't think anybody told me how much, I mean, I'm not starting my own practice from the ground up. I'm an independent contractor right now, but even still, nobody told me how much of investment it was still gonna be right out of the gates before you can even start making any money. So yeah, that was a big eye opener. Scott: Yeah. Mm-hmm. Dr. Kyla Butz: for sure. And so again, it was one of those things where it's out of my control, I have to pay this in order for me to get started. And so pulled a little bit extra from that line of credit again, just what I needed. ⁓ ⁓ now that I'm ⁓ going and making the money and ⁓ in flow now. But yeah, that was certainly an unexpected little stressor at the start there. Scott: So ⁓ you're in practice, three months in, right? Three months into practice. What I'd be curious to hear from you, Kyla, is what does first year in practice look like? Like what does a successful first year in practice look like? Obviously from a bit of a financial perspective, but also just from ⁓ as a you're now first year in practice, what does that look like for you? Dr. Kyla Butz: Mm-hmm. Yeah, good question. The biggest thing for me, what I'm looking forward to most is at least by six months not having to live paycheck to paycheck just scraping by. I would love to be able to have a little extra money to maybe put into investments or go out for a date night dinner. ⁓ like that. So I'm really looking forward to that. But my biggest goal is to have my student loans paid off in five years ⁓ from Scott: Yeah Dr. Kyla Butz: That's like the biggest goal. want to get debt free. I want to have that freedom. Because another goal too is to be able to purchase the practice that I'm at right now, which is really exciting. it's just, to require lot of work, of course. But I'm also really learning the numbers game too. The biggest thing that I've discovered, I think, being in practice is that ⁓ chiropractic is actually the easy part. Yeah. Scott: Yep. Dr. Kyla Butz: Especially, I I did a lot of seminars and I did well in school and so I worked hard at that part in school. But now that I'm in it, chiropractic is the easy part. The hardest part is just the business of it. If you are not the boss of your business, somebody else will be and now you're not in control of, you know, what comes in, what goes out, things of that matter. So my goal is to be able to see about 100 a week by the end of the year. We're on track to do that, thankfully, so fingers crossed and you know, everything goes well. But yeah, it's really fulfilling to be able to people finally and going to screenings and meeting new people and ⁓ what are they struggling with? How can I help them? Things like that. that ⁓ and of itself, just finding purpose is also a big part of success in my first year. ⁓ big struggle that I had right at the start is, ⁓ so now ⁓ are coming in and you're adjusting them and you're caring for them and now there is actually an exchange where you now get paid for it and it was hard at the start going through you know that first care or first patient visit and then you have your report of findings visit on that second one to go over everything that you found in that first visit and then to recommend a care plan that's going to best get them to wherever they want to be in their goals in their health. Chris: Thank you. Scott: Yeah. Chris: Yeah. Dr. Kyla Butz: And ⁓ I always so stressed out for that second visit because you're going to recommend this care ⁓ and then in it's going to cost the money for that care because health is an investment. ⁓ And just switching that student to now doctor mindset just made me sweat. ⁓ my goodness. But it does get for sure. And so yeah, just success looks to me like growth looks to me Scott: you course. Dr. Kyla Butz: an X amount of number a week, but then also mostly just having that fulfilling purpose, ⁓ to work every day, getting to serve the people, ⁓ really help the community. Scott: Yep. Chris: so great. ⁓ Scott: I love it. You're right. not chiropractors, but speaking to a lot of chiropractors, you are right in the sense that chiropractic should and is the easy part of being in practice. You went to school for it. You love what you do. You're making a big impact in the lives of your patients and the community. But yeah, the hard part is the side, the financial side of things. We see that all the time, Chris: Thank Scott: And what we want to lean into with our chiropractors, our clients, and our audiences is that you don't need to do it all. Lean on others, lean on professionals, whether it be financial planners or accountants and lawyers and our mentors. Go get the support that you need so you can focus your best use of time and energy on what you do best. And everything else will, in most cases, work itself out from a success standpoint, Dr. Kyla Butz: ⁓ I agree. Chris: As we kind of near wrapping up here, I wanted to ask if you had anything ⁓ through journey so far that you wish someone would have told you earlier? Or if could impart advice on somebody that's earlier in their journey, what's the one thing that you didn't hear that you wish you would have? Dr. Kyla Butz: Hmm... Only one? Yeah. Chris: ⁓ I know. Scott: If you got a couple for us, Dr. Kaila, fire away. Chris: Fire away, don't limit yourself to one. Dr. Kyla Butz: I'd say if you want to learn as much as you possibly can about yourself and who you are and who you want to become, be an entrepreneur. It's like straight injection to the veins, no buffer. You are going to have every, every struggle, every self doubt or limiting belief show up in your life. And you're going to have to figure out a way to move through that because there are people who rely on you and there are people who will be that mirror to you to push you to Scott: Yeah. Dr. Kyla Butz: keep growing in yourself. And that's exactly what chiropractic school has done for me. I am certainly not the same person I am when I first entered chiropractic school. And even just in the last three months, I'm not the same person as when I just graduated. So being an entrepreneur, especially in, I can speak about the chiropractic industry, you are going to grow a lot, but it's so worth it. you Scott: love it. What else you got for us? said not just one. And I think from a financial perspective, that you wish you had known that someone maybe shared with you as you're going through school or ⁓ what you might wished you had known transitioning from moving out of school and into your first year of practice. Dr. Kyla Butz: Yeah, I think going back to what I said before is is still going to be some startup costs that you got to prepare for ⁓ you get into business. It's not just, you know, you get hired and then boom, you start making money. There are, there are things that you need to register for, pay for in order to legally get up and running as ⁓ doctor, as a professional. So prepare for that, but also ⁓ comfortable going into debt. It's inevitable. Scott: Yeah. course. Hmm. Dr. Kyla Butz: It's gonna happen unless depending on your situation. I don't know how much support people get from their families. It's all different but Yeah, get comfortable going into debt because it's going to happen But the investment in yourself is going to be the best investment you make Scott: I think you're right. When it comes to going through school and taking on debt, that's a natural part of being a student and getting a good education to go then make an impact and start earning a great income as a chiropractor. think to you, know, I like about your mindset about going through school, maybe you didn't have any sort of crystal clear systems and processes for how to manage money, but you were very intentional of saying, I'm only going to spend what I need and I want to be thoughtful about making sure that I can come out of school where I'm not going to saddle myself with even more unnecessary debt. just to live it up unnecessarily while I'm going through this period of going through school and not earning an income. I was gonna say one other thought I had too. I think this is maybe helpful for all new grads and maybe for yourself too, Dr. Kyla. When it comes to coming out of school and getting into your first year of practice and maybe you're thinking about having this large balance of student loan debt and you're eager to start paying it off as quickly as you can. You set goals. I wanna pay this off in five years. I wanna start breaking even and maybe start investing and saving. One thing that I would encourage to all of our listeners that are in that stage, when they're in that first year or two out of practice, is you have a long career ahead of you. Your earning potential is large when you think about how much earning potential you will have over ⁓ 15, 20, 30 year chiropractic career. Early on, I also encourage our younger ⁓ that are listening to just enjoy life too. You have a long runway to grow wealth, to pay down that debt, to grow your investments. So don't sacrifice focusing too much on just hammering down debt or investing as much as you can. You gotta enjoy life. life while you have it today while you're young and finding that right balance between those two as well Yeah. Yeah. That's right. Go on a couple more dates. That's right. ⁓ A couple date nights for sure. Dr. Kyla Butz: ⁓ 100%. Yeah, I couldn't agree more. You'll burn out if you don't have fun. Mm-hmm. Chris: Yeah. The only thing I was gonna add there is just, it seems like there's a bit of a parallel between your journey of like putting yourself out there on social media, doing something uncomfortable and like your growth and that. And then also as you started your career and now you have this exchange of ⁓ for the services you provide. And it's like, it's a little bit uncomfortable to start talking about money and having that as like an exchange. But just like getting on social media, we build comfort with ⁓ as ⁓ we the of care and say, hey, this is what it's gonna take for you to take the steps you wanna take with your journey, with your health. And there is a cost to that. ⁓ And that's not that we need to shy away from. It's something we actually need to embrace. And even if it is uncomfortable at first, it's not always gonna be that way. Dr. Kyla Butz: Definitely. I think a lot of that stems from limiting beliefs within myself as well about how I view money and so therefore it's they're acting as that mirror and I'm subconsciously projecting my belief of money with scarcity and you know just of course coming out of the student realm and the student mindset. Yeah that transition has been beautiful but also hard but it's good. Self growth. Chris: Mm-hmm. Yeah. Scott: Yeah. And just like... Yeah. Chris: I think that's so common. I think that's so common. Like, many people are coming out of school ⁓ ⁓ and like just a similar belief system or similar position with money. And it can be challenging to change that as you transition into practice. Dr. Kyla Butz: Mm-hmm. Scott: But just like how you were a different chiropractor three months ago compared to where you are now, it's going to be the same thing with your journey on money and how you feel about money, how you interact with, you know, as an entrepreneur, as a business owner and managing money and finances. The chiropractic part, like you said, that's probably going to always come fairly easy and natural to you, but you'll continue to grow in the other department for sure. Yeah, cool. All right. Dr. Kyla Butz: Absolutely. Chris: Cool. Well, let's leave it there. Thank you so much, Dr. Kyla, for joining us in this conversation and sharing your journey with us and our listeners. Dr. Kyla Butz: Yeah, thank you so much for having me, Appreciate it. Thanks, guys. Scott: Thanks Dr. Kyla