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Make Your Money Work For You

In this week’s show, Brad discusses the subject of investment, and tells you how he structures his finances, as well as some of the strategies he employs to make sure that his money works for him!   KEY TAKEAWAYS   Always try to have a reasonable level of liquid cash in a current account. Make sure your zero point is never actually zero. Try to keep money in tracker and index funds that track the UK market as a whole instead of any individual company. This can be managed if you wish.  Try to invest in income-generating property that will serve as an asset. There are creative ways of acquiring these properties through using little-to-none of your own money. Education is key.   BEST MOMENTS   ’Try and diversify as much as you can within different asset classes and markets' ‘It’s always worth being tax efficient’ ‘Protecting the downside is really important'   VALUABLE RESOURCES The Dental Business Podcast ABOUT THEHOST Brad believes that everyone at any level should be focused on achieving multiple sources of income to create diversity and balance in life. He feels passionate about helping dentists work towards freedom by building wealth in different areas and helping to develop a mindset to improve one’s ability to handle the stresses of clinical life.    Still a practising dentist, Brad has implemented strategies to create a practice to allow him to carry out the dentistry he wants whilst continually expanding with loyal staff and patients. These strategies can be adapted to any dentist, whether you are an associate or the practice owner, to help bring back your passion for dentistry.   In addition to running a successful private dental practice, he has grown several other dental businesses and as an investor is growing wealth outside of dentistry to help protect his legacy for his growing family.   He is chair of the Horsforth Town Team, dedicated to the promotion and development of business in his local area in North Leeds, UK.   Due to his track record and down to earth advice, he has become sought after as a mentor and spends part of his time dedicated to mentoring dental professionals about business, mindset and personal development.   CONTACT METHOD Brad Thornton Instagram Brad Thornton LinkedIn Brad Thornton Facebook brad@bradthedentist.com See omnystudio.com/listener for privacy information.

Om Podcasten

The Dental Business Podcast hosted by dental entrepreneur, investor and mentor, Brad Thornton, offers a mix of practical advice as well as  personal development and mindset to help dental professionals in and out of the dental practice. The podcast will cover all aspects of dental business from marketing,  brand development to practice purchase and associate contracts, and will also include strategies for personal development and wealth creation. Brad will share his stories and also interview those who have excelled and pushed ahead to find the golden nuggets of advice from guests who have well and truly made it. Brad believes that everyone should be aiming for multiple sources of  income and be building wealth outside of dentistry, planning for freedom  where we are less reliant on clinical practice. That being said, Brad is  a practice owner and still a busy practicing dentist. His common sense approach and logical advice comes from over a decade starting and scaling various businesses in the dental field generating millions of pounds of revenue per year. The show will benefit anyone wanting to improve their practice, their  working life and their mindset. A podcast for those who want to develop  themselves and push for success in all aspects of their life.