The Noobie Dentist Podcast – Stafford Hamilton
Episode Run Time: 00:44:42
Intro
Today, I talk to Stafford Hamilton who is the CEO of Credabl, Australia’s leading provider of medical and dental finance solutions. Stafford’s 20-year career in financial services and IT has led him to co-found the company in 2016. He remains passionate about helping medical and dental professionals achieve their personal and business ambitions through specialised lending.
In this interview we talk about the financial changes, purchases, and challenges that a dentist faces during the first five years of his or her career. We discuss how learning the basics of personal finance is the first step to building wealth and helps you make better fiscal decisions.
Guest Details
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Time Stamps
[04:26] The first five years of a dentist’s career
[11:29] There is no “one size fits all” blueprint
[14:06] Credabl’s approach to the changes in financial lending
[18:12] Understanding the basics of personal finance for success
[22:49] Discipline leads to financial freedom
[28:05] Buying a dental practice has lower risks
[30:27] The costs of setting up a dental practice
[32:24] How dentists deal with the initial negative cash flow
[35:32] Is multiple practice ownership a good strategy?
[38:49] Partnership agreements are essential
[41:12] Expert advice comes at a cost
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Website: http://www.noobiedentist.com
Instagram: @noobiedentist
Sponsor Details
If you need finance, be it for your personal or professional needs, the team at Credabl know the drill. From home loans and car loans to equipment and fit out loans, or even commercial properties and practice purchases, the medical finance specialists at Credabl will provide a tailored solution for you.
To find out more, visit www.credabl.com.au
Conclusion
What is your 5-year financial plan? Did you find Stafford’s tips useful? We would love to hear your thoughts!
Remember to subscribe for more content!
NDP Episode 49: The Relentless Dentist with Dr. David Maloley
NDP Episode 48: Advanced General and Aesthetic Dentistry with Dr. Clarence Tam
NDP Episode 47: The Power of Dental Ergonomics in your Career Longevity with Dr. Aniko Ball
NDP Episode 46: Entrepreneurship, Discipline and Dentistry with Andrew Glover
NDP Episode 45: Biomimetic Dentistry Part 2 with Dr. Davey Alleman DMD
NDP Episode 44: Nerding Out Over Biomimetic Dentistry Part 1 with Dr. Davey Alleman DMD
NDP Episode 43 - Early Decisions out of Dental School can Define your Career with Dr Aodhan Docherty
NDP Episode 42: Great Restorative Dentistry Takes Time with Dr. Sunny Virdi
NDP Episode 41: Life Outside of Dentistry with Dr. Bruce V Freeman (rebroadcast)
NDP Episode 40: From Associate to Practice Owner with Dr. Daniel Miller
NDP Episode 39: ReThink Dentistry with Dr. Homam Alba
NDP Episode 38: REPOST - My interview on the Dental Head Start Podcast by Dr David Keir
NDP Episode 37: Modern Day Periodontics with Dr. Phil Walton (@drphilwalton)
NDP Episode 36: Implant Dentistry Pathways with Dr. David Attia
NDP Episode 35: Business and Entrepreneurship in Dentistry with The Savvy Dentist, Dr. Jesse Green
NDP Episode 34: Pursuit of excellence in clinical dentistry and practice ownership with Dr. Yo-Han Choi
NDP Episode 33: Mentorship Hour with Dr. Paresh Shah
NDP Episode 32: Self Improvement and Hustlenomics with Dr. Sia Lord
NDP Episode 31: Mentorship Round Table with Prosthodontist Dr. Varun Garg and Aesthetic Dentist Dr. Bharat Agrawal
NDP Episode 30: Introduction to Biomimetic Dentistry with Dr. Davey Alleman DMD
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