The Wealthwide Guide: Financial Wisdom for Dentists

Do you have your will in place? Putting off creating or updating a will could have implications not just for dentists but their loved ones too.In this episode, Thomas is joined by Stephen Oliver, owner of The Will Company. When Stephen realised that no service truly integrated financial planning with efficient estate planning and will writing, he made a bold career shift to ensure dentists could rest assured that their will and financial plan were aligned. Across his 30+ year career, Stephen has drafted over 40,000 wills. In this episode, he shares how the landscape has changed, requiring intricate planning and regular revisiting, and what key steps dentists need to take to ensure their estate is in safe hands.They discuss:How The Will Company startedThe real dangers dentists face if they do not have a willThe upcoming legal changes dentists faceWhy collaboration between will writers and financial advisors is keyWhy Stephen advises you should “save first, spend later”What planning your estate is really aboutIf you enjoyed this episode, please follow us, share your feedback and don’t forget to rate the podcast! Thank you for listening! Our website: wealthwide.co.uk Read the blog: wealthwide.co.uk/blog/financial-planning-for-dentists The Financial Freedom quiz: financial-freedom.scoreapp.com Contact us: wealthwide.co.uk/contact Follow us on LinkedIn: linkedin.com/company/wealthwide-uk Follow Thomas on LinkedIn: https://www.linkedin.com/in/dicksonthomas/

Whether you’re buying or selling or simply managing your own dental practice, it’s crucial to understand the key steps involved in a successful purchase.There are so many issues involved, it can be pretty challenging to be clear on where you should be focused.In this episode of The Wealthwide Guide, Thomas is joined by Clare Emery, a specialist lawyer and Partner at Acuity Law, with a wide breadth of knowledge on the intricacies of buying, managing and selling dental practices.She discusses the benefits of understanding the ins and outs of the legal process and covers some key points to understand, whatever stage of your career you’reat.The conversation covers:  The first thing dentists should do when looking to sell The differences in legal rights between employed and self-employed staff The main reasons that cause sales to fall through How to navigate changes in NHS contracts Clare’s golden rule for managing money One key piece of advice for dentists in 2025If you enjoyed this episode, please follow us, share your feedback and don’t forget to rate the podcast! Thank you for listening! Our website: wealthwide.co.uk Read our blog: wealthwide.co.uk/blog/financial-planning-for-dentists The Financial Freedom quiz: financial-freedom.scoreapp.com Contact us: wealthwide.co.uk/contact Follow us on LinkedIn: linkedin.com/company/wealthwide-uk Follow Thomas on LinkedIn: https://www.linkedin.com/in/dicksonthomas/

Considering selling your dental practice? Whether you’re actively looking to sell soon or planning to retire within the next ten years, there are many things to consider. So what actions do you need to take in 2025 to work towards a successful sale? In this episode, Luke Moore, Co-Founder of Dental Elite, shares the current state of themarket and what principals should consider before selling their dental practice. We discuss: Luke’s advice on the selling process, from valuation to eventual exit Why sellers should approach consultants as early as possible to get the best deal How COVID-19 impacted the dental market Why you mustn’t take your foot off the pedal before you sell What position the market is in in 2025Luke’s number one tip for dentists thinking about selling If you enjoyed this episode, please follow us, share your feedback and don’t forget to rate the podcast! Thank you for listening! Our website: wealthwide.co.uk Read our blog: wealthwide.co.uk/blog/financial-planning-for-dentists The Financial Freedom quiz: financial-freedom.scoreapp.com Contact us: wealthwide.co.uk/contact Follow us on LinkedIn: linkedin.com/company/wealthwide-uk Follow Thomas on LinkedIn: https://www.linkedin.com/in/dicksonthomas/

Are you thinking of making your dental practice private?Transitioning from NHS to private is a significant step, and it comes with plenty of challenges. But, if you get your branding right, overcome early setbacks and play to your strengths, you can really reap the benefits.In this episode, Thomas is joined by Jayne Sproson, business coach and director of The Jayne Sproson Consultancy, to discuss how to navigate switching your NHS practice to private.From opening her ‘boutique’ practice 25 years ago to her current role as a trusted consultant, she shares her own experiences and invaluable advice she gives to her clients.Listen to hear:How Jayne helps dentists work on their businesses, not just in themWhy leaving the NHS could be “the best thing” you ever doJayne’s favourite stories from the dentists she has helpedHow to escape the shark-infested waters of long-term private competitionThe art of standing out for what you do bestJayne’s ‘golden rules’ on the principles of moneyIf you enjoyed this episode, please follow us, share your feedback and don’t forget to rate the podcast!Thank you for listening!Our website: wealthwide.co.ukRead our blog: wealthwide.co.uk/blog/financial-planning-for-dentistsThe Financial Freedom quiz: financial-freedom.scoreapp.comContact us: wealthwide.co.uk/contactFollow us on LinkedIn: linkedin.com/company/wealthwide-ukFollow Thomas on LinkedIn: https://www.linkedin.com/in/dicksonthomas/ 

Are you a UK dentist looking for valuable and insightful discussions on all things financial?Thomas Dickson has been helping practice owners with their finances for more than 25 years. On The Wealthwide Guide, he’ll be joined by a range of experts to shed light on the business and financial issues faced by dentists.This podcast is packed full of inspirational insights, strategies and stories to help dentists enjoy a successful career with financial peace of mind. From understanding your NHS Pension and investing for the long-term, to successfully selling your dental practice, this podcast has got you covered. Listen for valuable expertise tailored for UK dentists.