The Authentic Dentist Podcast

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ZanaDental

There's a big difference between riches and wealth. Also a dentist cannot build wealth just by doing dentistry, a dentist can get rich and make lots of money doing dentistry. So a rich person and a wealthy person are completely different, even when you show up at their home. The rich person is almost trying to show you that they have money. The wealthy person, clearly stunning home, but also has like nice art. It's not necessarily about their car, they have paid people to follow them around and make meals for them. A wealthy person, while they're sleeping, they still have so much money that they are making maybe because of a business or something else they are in. 

you only have so many hours. And even if you work 70 hours a week, which you physically can't perform dentistry 70 hours a week, you you're never going to get out of that it's going to have to be something else. 

Labor, it's nice when you can pay other people to do stuff that you shouldn't be doing or don't want to be doing. In dentistry, it's obvious, you are supposed to be doing all the clinical work that only you can do, but for a cleaning, a hygienist can do that, and you still have a whole staff to make everything else work. You can’t be a one-man show. No, you couldn't greet the patient, you know, collect the insurance. I mean, you could it would just be such a bad use of your time. So you get to employ the leverage of human labor. Money, in some ways it's capital. As a dentist, you could buy another practice and leverage on labor in that other practice and you can use your capital to get more revenue because now you have two practices. You can also leverage media, personal fame, and code.