The Dental Wealth Nation Show with Tim McNeely

® Timothy J McNeely

The Dental Wealth Nation Show is a dynamic and engaging show hosted by Tim McNeely, a best-selling author and elite wealth manager specializing in helping entrepreneurial dentists reduce taxes, increase impact, and achieve high-value exits. Tim’s extensive knowledge and expertise make him renowned for guiding dentists to build lasting wealth and exit their practices successfully—faster and with less effort than they ever thought possible.

  1. 3 ABR

    Revolutionizing Dental Practice Sales: Insights from Dental Pitch’s Matt Ornstein 0142

    In this episode of The Dental Wealth Nation Show, host Tim McNeely welcomes Matt Ornstein, CEO and founder of a dental group that has expanded from 20 to over 75 locations and co-owner of Dental Pitch Brokerage. This episode, titled "Revolutionizing Dental Practice Sales: Insights from Dental Pitch’s Matt Ornstein," dives into the intricacies of dental practice sales, providing dental entrepreneurs with strategies to unlock the true wealth of their practice. Matt Ornstein shares his expertise on transforming a dental practice from a lifestyle business into a value creation business, focusing on how to increase the value of a dental practice. Listeners will gain a practical understanding of concepts like EBITDA, and learn how to effectively increase their practice's profitability. Ornstein also provides insights into the sales process, illustrating how dental professionals can extract the maximum value from their business. Key topics include understanding financial valuations, reducing costs while maintaining care quality, and the importance of strategic planning to achieve financial independence sooner. Tim and Matt explore the advantages of transitioning before burnout and outline a realistic timeline for selling a dental practice. This discussion is essential for dentists looking to capitalize on their practice as a lucrative asset. Matt also highlights the innovative approach of Dental Pitch Brokerage, which fosters direct communication between buyers and sellers, ensuring better deals and cultural fits. Join us in this episode as Tim McNeely and Matt Ornstein decode the dental sales process and provide actionable steps for dental professionals to enhance their financial future. Listen to learn how to navigate common challenges and effectively plan the sale of your dental practice in the evolving healthcare landscape.

    47 min
  2. 14 FEB

    Unlocking the Power of Cash Balance Plans for Your Dental Practice 0135

    In this insightful episode of The Dental Wealth Nation Show, host Tim McNeely welcomes Charlie Steinguss, the founder and president of Cash Balance Actuaries, to delve into the transformative potential of cash balance plans for dental practices. With a focus on strategic financial growth, this episode is a must-listen for driven dental entrepreneurs looking to maximize their net worth while effectively managing taxes.----more---- Listeners will gain a comprehensive understanding of how cash balance plans can serve as a powerful tool to reduce tax liabilities and fund retirement simultaneously. Charlie Steinguss, who brings over fifteen years of experience in crafting custom retirement solutions, shares valuable insights into how these plans can be tailored to fit the unique needs of dental practices. From offering flexibility in contributions to catering to mature practices with stable cash flow, cash balance plans are highlighted as an essential component in a savvy dentist’s financial toolkit. Throughout the conversation, Tim and Charlie explore key aspects such as the diverse range of retirement plan options, the significant tax incentives associated with cash balance plans, and the strategic benefits of integrated actuarial expertise in plan management. Whether you’re looking for ways to improve your current retirement savings strategy or seeking a second opinion on your existing plans, this episode provides the knowledge you need to make informed decisions. Join us as we unlock the hidden financial strategies used by some of the most successful dental and business professionals. Enhance your understanding of cash balance plans and learn how they can propel your practice toward greater financial security and efficiency. Don’t miss this detailed discussion that will leave you better equipped to handle retirement planning and tax management in your dental practice. Listen now to grasp why cash balance plans are gaining traction among dental professionals and discover how you can implement these strategies to benefit both you and your employees. For further details and to explore illustration possibilities for your practice, reach out to Cash Balance Actuaries or visit their website today.

    45 min
  3. 14 FEB

    How Dental Practices Reduce Costs and Grow EBITDA with Spendly with Matthew Godley 0136

    In this insightful episode of The Dental Wealth Nation Show, host Tim McNeely is joined by Matthew Godley, the CEO of Spendly, to explore innovative strategies for dental practices to reduce costs and increase profitability. As dental practices strive to enhance their bottom line and grow their EBITDA, this episode offers valuable insights into leveraging technology for cost reduction. Matthew Godley, with his personal and professional ties to the dental industry, introduces Spendly—a revolutionary cost reduction platform designed to streamline operating expenses for dental practices. Throughout the episode, key topics include the challenges of managing spiraling expenses, common areas of overspending, and the powerful impact of cost reductions on EBITDA and practice valuations. Listeners will discover the importance of benchmarking tools and how Spendly facilitates seamless cost comparison across various categories like payroll, health benefits, retirement plans, and commercial insurance. Matthew explains how his platform is helping dental practices achieve savings, sometimes up to 50%, which significantly contributes to their financial growth without disrupting daily operations. For dentists looking to optimize their practice expenses, Matthew provides practical advice on how to identify potential savings opportunities and verify them. The conversation highlights the significance of continuously monitoring expenses and the role of technology in driving financial efficiency over the next few years. Whether you're a dental practice owner or part of a dental service organization (DSO), this episode is a must-listen for anyone aiming to improve their financial standing through strategic cost management. Don't miss out on these expert insights that can transform your practice and boost your profitability.

    36 min

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The Dental Wealth Nation Show is a dynamic and engaging show hosted by Tim McNeely, a best-selling author and elite wealth manager specializing in helping entrepreneurial dentists reduce taxes, increase impact, and achieve high-value exits. Tim’s extensive knowledge and expertise make him renowned for guiding dentists to build lasting wealth and exit their practices successfully—faster and with less effort than they ever thought possible.