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
Social Media:
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
As always, if you enjoyed listening to the Noobie Dentist Podcast, please pass
the podcast along to your friends, classmates and colleagues. If you haven’t already, head
over to iTunes and give the show a 5-star rating and if you have some time, leave a review!
The Noobie Dentist podcast is now available on Spotify, YouTube, noobiedentist.com, the Apple
podcast app, Stitcher and any other podcast apps out there!
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 9 - GPR vs Private practice and life as a new grad with Dr. Darryl Torculas
NDP Episode 8 - Dental and Facial Aesthetics with Dr Peter McQuillan
NDP Episode 7: Dentists of Instagram with D2 student Brandon Walker
Episode 06: Dentists of Instagram with Dr. Omar Rakeen
NoobieDentist Podcast Episode 05: Dentists of Instagram with Dr. Bedrossian and Dr. Mizumoto
NoobieDentist Podcast Episode 04: Peer to Peer with Dr Sarah Sweetnam
NoobieDentist Podcast Episode 03: Peer to Peer with Dr Scott Buckley
NoobieDentist Podcast Episode 00: Introduction to the podcast!
NoobieDentist Podcast Episode 01: Peer to Peer with Dr Mcallister
NoobieDentist Podcast Episode 02: Peer to Peer with Dr Chaker
Create your
podcast in
minutes
It is Free
The Relaxback UK Show
Good Nurse Bad Nurse
On Call With Dr. Anselm Anyoha
The Doctor’s Farmacy with Mark Hyman, M.D.
The Peter Attia Drive