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easyendo @UC32OWk1NDoY9e-oVzChv3PA@youtube.com

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in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c

easyendo
Posted 5 months ago

Hello,
Why do dentists find it difficult to manage their finances?

I would like to share my experience here so that it might help a lot of you.

What I used to do till one year back is that suppose a patient pays me 10,000/- for a procedure, the first thought that used to come to my mind was what dental equipment to buy now??

This is where the problem arises. We (dentists) are never taught about managing our finances. So since one year I have read at least 10-15 books on "Managing Money".

here are a few takeaways for you:

1) We have always learnt that sales-expenses=profit. Well, I would like to change this to Sales-Profit=Expenses.

What I mean here is that we shall always pay ourselves first. Then the amount left should be used for our expenses, including inventory.

For example, if a patient pays me 10,000/-, then 6000/- (or 60%) would directly go to my Mutual Fund, or Equity or whatever my investment scheme is. Rest 4000/- will be used to pay my lab expense and rest will be saved in my bank account for future expenses.

2) Never keep all of your money easily accessible. This is how we can prevent useless expenditures. For this, start using a separate bank account.

3) Keep your money invested. So that your money is working for you even when you are asleep. To learn more about investing, I will make some videos if I get enough requests in the comments section.

4) Keep some fund separate as "Emergency Fund". This is to be kept as FD or liquid fund and not to be invested for long term.

Please share your opinion on this post in they comments section. Let me know what do you think about this topic.


cheers!

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easyendo
Posted 7 months ago

Be Ready!!

Tomorrow I will be answering questions asked by you all. This will be a live video.

Please submit your questions here in the comment section of this post. Also, tell me your preferred language for discussion between Hindi and English.

See you tomorrow

Let's keep learning...

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easyendo
Posted 9 months ago

hi... I really want to request you all to share our videos with your friends.

Also, I am in the process of making PSA nerve block video.

So, be ready...

And please share your requests for videos. I will try to fulfill your expectations..

what videos do you like on our channel?

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easyendo
Posted 2 years ago

Learn How to use Apex locator! and Find Two canals from one orifice!

Join our channel membership NOW!!

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easyendo
Posted 2 years ago

Link to 'JOIN' channel membership is available in description of video.

You can also open channel on PC or Laptop to Join Membership

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easyendo
Posted 2 years ago

Tommorow (3/2/22) at 11Am IST , Live discussion on Management of Calcified Canals... Give a thumbs up in comments section if you like to join...

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