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!
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NDP Episode 25: Pathways to Comprehensive Dentistry with Dr. Keerti (@drkeertienso)
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NDP Episode 23: Peer to Peer with Military Dentist Dr. Kevin Lassiter
NDP Episode 22: Endo 101 with Endodontist Dr. Stephanie Tran
NDP Episode 21: Journey of an Internationally Trained Dentist and Dental Nerd out Session with Dr. Rahul Shah
NDP Episode 20: Roadmap to Winning in Life and Dentistry with Dr. Todd Snyder
NDP Episode 19 – Dentures and Practising Outside the Box with Dr. Ryan “2 Chairz” McCall
NDP Episode 18: Money Woes and Student Loans with D4 Student Pejman Moghbeli
NDP Episode 17: How to find and Utilise Mentorship to Practice the way you want to Practice with Dr. Ali Saad (@CosmeticDentist_)
NDP Episode 16 - Road to success as a young associate dentist with Dr J Cho
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NDP Episode 13: Stay Passionate, Stay Driven with D4 Student Luke Shapiro (@FutureDentists)
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NDP Episode 11 - Case Acceptance and Practicing Efficiently with the Relaxed Dentist Dr. Mark Hassed
NDP Episode 10: Dentistry, yoga, side hustles and vision boards with Dr. Jeni Perna
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