Financial Planning and Investment Management During COVID with Ryan Issac

In today's episode, David Janesh, your host, is joined by Ryan Isaac from Dentist Advisors, a certified financial planning and investment management firm for dentists. Co-Founder of Dentist Advisors and host of The Dentist Money™ Show, Ryan Isaac is a trusted financial advisor to dentists across the country. As a regular speaker at dental events nationwide, Ryan shares his expertise in portfolio management, debt reduction, tax management, retirement plans, profit-sharing plans, and insurance. He is a CFP® with deep financial planning expertise and has been a major contributor to the growth of Dentist Advisors, including the development of the Elements financial planning system™.

In today's episode, Ryan is sharing his financing expertise identifying the obstacles and opportunities that the COVID-19 global pandemic is laying ahead of us. Ryan also talks about these important topics for all dental businesses:

• How to diversify?
• What "the market" really is.
• How does your trajectory separate you from the other dentists out there?
• It is not true that the best path is the one that will provide the highest return.
• Why you need to have some liquidity
• The number one obstacle for any dentist's path: being unorganized.
• Balancing personal and professional satisfaction.
• Three main categories that drive people's motivation: autonomy, mastery, and purpose

Top three takeaways:

• It is nice to see a dentist have some balance between multiple locations and real estate but also having enough liquidity.
• If you think you diversify, you are probably not diversified enough.
• Pursue what is right for your life, lifestyle, balance, health, and personality.

Mentioned in this episode:

Disorganized Dentistry

Learn more about Ryan Issac

Dentist Advisors

The Dentist Money™ Show Podcast

Tweetables and Quotes:

"At Dentist Advisors, we build portfolios for companies that are representative of what the world's market looks like."

"Continue to invest in a diversified portfolio that can support multiple decades and all kinds of market cycles."

"Private businesses will always give the highest return since they carry the most risk."

"Pursue IS happiness."