In this episode Dr. Peyray, the Holeshot, and myself divulge the current state of our loan affairs. When you graduate its super easy to get bogged down with student loans. I think it can be one of the biggest hindrances to people’s early success. There is such a balance of living with the debt and having a strategy to pay it off.
We look at the different government options such as IBR, REPAYE, and others. We talk about refinancing and some of the programs that do this like SoFi and DRB. However, we spend most of the time talking about whether it’s a smart idea to aggressively pay your loans down or not.
The most discussed resource in this episode is something we mention very often. Best thing you can do is check out the White Coat Investor! At the end of the day we want to encourage our listeners to think about retirement vs. paying loans down early. Make sure you educate yourself on all the options. If you are one of those people who just wants to pay your loans down as soon as possible then make sure you have a plan on how your going to save after and be able to give a good reason why this is your strategy!
As always thanks for listening, subscribe, share with your friends, and follow us on instagram @millennialdentist!
This is our first non dental topic that we have had on the podcast! In fact, if you have a “High Deductible Health Plan” then no matter what you do, this episode is for you! One of the best tax advantaged accounts people can have is a a Health Savings Account or HSA, and if you have a high deductible health plan then you and your family are eligible to open up an HSA. The beauty, as we will discuss, is that the money goes in tax free, grows tax free, and if used on medical expenses comes out tax free! Thats triple tax free folks!
Of the various non dental topics to consider this was the first one I wanted to tackle because for me personally its had some relevance of late. In the episode, I discuss my wife’s recent knee surgery and what it looked like for us to have a high deductible plan and the choices we had having opened up an HSA last year. Even if your a seasoned veteran on how an HSA works I think there are some little caveats you will take away that make it worth the listen.
As we discuss in the episode one of the biggest resources for me has been the White Coat Investor. If I can recommend one site to get non biased personal finance advice this would be it! Dr. Dahle has multiple articles written about HSAs and I would urge you to take a look at his site. Remember, that as of February 2017 the contribution limits to an HSA are $6,750 for families and $3400 for singles.
Also I wanted to give a shout out to Dr. Ryan Cregger aka: Daniel’s boss, for jumping on a call and being open about his status on using an HSA. The hope is that this episode gets all of you from talking about it to actually putting money into it! Thanks for listening and remember to check us out at www.millennialdentist.com and follow us on Instagram @millennialdentist!
In episode 2 we get to hear Dr. Peyman Raissi’s story! @Drpeyray on instagram and his website is www.mynewsmiledental.com.
If you're a D4 in dental school and its the spring semester and you don’t know what your going to do…don’t fret, listen to this episode! Dr. Raissi had no clue what he was going to do until he went with a family member to an Affordable Dentures and Implants clinic. Three days later he had a job. Some hundreds of hours of CE later and lots of hard work had Peyman on his way to placing over 1,000 implants in his first two years out of school!
Myself included often gave corporate dentistry a bad rap. However, its great to hear such a success story and I personally have a new outlook on them. If your considering a corporate office you need to hear how it really molded Dr. Raissi and catapulted him into early dental success.
Now two years out of school Dr. Raissi has opened up a niche general dentist office focused on implants and a complex restorative approach to full mouth rehabilitation. Sit back and relax and hear what Dr. Raissi has to say about hanging his shingle!
Follow us @millennialdentist on instagram and check out our website at www.millennialdentist.com
Welcome everyone to the Millennial Dentist Podcast inaugural episode! My name is Dr. Sully Sullivan and I am a general dentist in Brentwood, Tn. Myself and two of my good buddies Dr. Daniel Holsinger and Dr. Peyman Raissi have started this podcast to help our generation climb the ladder to dental success as quick as possible! Ultimately the three of us are having so much fun practicing that we want to share what we are doing to be successful.
We are going to be talking about everything from graduating dental school, planning for retirement, using technology in your practice, how we started placing implants, to how to travel around the world for free. We hope this podcast can be a little beacon of entertainment in your crazy day to day life where you can sit back, have a cold one, and maybe learn a tip or two for your practice!
In this first episode your going to hear more about this idea in detail, how Dr. Holsinger became a pediatric dentist, and a little about my story.
We would love to hear your thoughts on the podcast such as things you like or dont like. We figure the more conversational this can be with our listeners the more fun it will be for all of us! Check us out at www.millennialldentist.com, instagram at @millennialdentist, and on twitter @millennialldds!