re: When did you stop worrying about money?

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I am 35 and own my own business with a career that should be fruitful - dentistry. Unfortunately, my business has not been doing as well as our family expected it would. I see no end in sight of the literal 24/7 anxiety and sleepless nights. Curious if I’m alone or if this is somewhat par for the course for others my age

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I'm right there with you. My business has tanked thanks to the unions chasing pretty much all film production to the Union and Canada. I'm looking for jobs, and will be shutting it all down in the next six months. The constant struggle, was never something I counted on. 2016-2019 were so great I was able to slug through Covid, and 2021to the last quarter of 22 were amazing. Then the labor troubles... I don't see how I'll ever recover, much less get ahead. The stress has aged me ten years in the last 2.

There’s no problem in telling them what you recommend. It’s up to them to make their own decision.

I'm 36 and now a multi millionaire. Could retire tomorrow. Sounds like you're having some sales issues. What are you doing to bring in clients now?

I own my own business and make a comfortable living and I still worry about money. shite can change overnight and unless you have “F you” money, any concern is warranted. Having kids definitely amplifies the concern.

Dentaltown forums might offer some help and or encouragement, if you haven't tried already. You think you might be the only one in your situation but there are many and can help.

Also don't give away your work. Close family, OK. Especially NO to the subculture of non payers and freeloaders. word gets around. fast.

explain all the options. let them decide and DOCUMENT. treatment plan accordingly.

You’re adulting. Hang in there.

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I'm 36 and now a multi millionaire. Could retire tomorrow.

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ok had to do that as you know many here do not like you being under 50, hell under 40 and so successful.

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Also, this is a business. You are the expert. Make the recommendation for the dental treatments and let the patient decide if they want to proceed. And stop being nice with money. This isn’t a barter system. You charge them what the cost is.

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Best advice on here.

Another thing you should be doing if you aren't booked out, is get in a networking group like BNI or better if you can find something in your area. Join your local Chamber and give free cleanings as giveaways at their events until you're busy. There aren't a lot of dentists in these types of groups so you won't be viewed as slimy. Both of these can be done for <$2000/yr. and apparently you have the time for it. Probably pay for it just by the problems you'll uncover from the cleanings.

I was 33 when I stopped worrying about money. I was still pretty broke in hindsight, but that's distinctly when I remember knowing my business was going to work.

When I built up a decent amount of assets not tied to my primary job/income. I built a nice amount of money in the stock market, then started buying rental properties with a focus on keeping total cost of ownership low. Bought rentals with 15 year mortgages, and kept them until each were paid off. I started slowly selling them once I semi-retired.

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I added more revenue streams.

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like what?

RE rentals?
dividends?
HM loans?
trading futures?
selling on ebay? or amazon?
youtube automation?
service you provide?