Dental Finance 101: Where Does All the Money Go? (Or, How Does Your Income Pie Get Divided?)
I still remember where I was when I found out my wife and I were expecting our first child. Let me tell you, things got “real” real fast. I was still going to school, just finishing up my CFP® certification, and contemplating starting my financial planning firm (which eventually became Dentist Advisors). Although we had planned to have a baby, the reality of that announcement felt heavy, and suddenly money felt scarce. Our first son arrived months later, just as my business was getting off the ground. Although our income far exceeded what we had made in the past, somehow that money didn’t give me the financial serenity I wanted. A question—which became central to how I approach financial planning—came to mind: “Where does all my money go?”
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