How to Climb the Dental Wealth Ladder ft. Dr. Josh Cochran - JACD #26

Show Notes

00:00:00 - The Importance of Practice Growth
00:00:44 - Introduction to the Guests
00:01:39 - Meet Dr. Josh Cochran
00:02:47 - Josh's Journey in Dentistry
00:03:41 - The Role of Spouses in Success
00:04:47 - Building a Powerhouse Practice
00:05:36 - Real Estate as an Asset
00:06:17 - Starting with Leasing
00:08:04 - The Decision to Build
00:09:03 - Finding the Right Location
00:10:41 - The Importance of Timing in Real Estate
00:12:41 - Identifying Your Passion
00:13:14 - The Compound Effect in Practice Growth
00:15:11 - Acquisition vs. Ground-Up Development
00:16:38 - Maximizing Land Use
00:18:29 - Building for Multiple Tenants
00:20:06 - The Catch-22 of Real Estate Development
00:22:44 - Filling the Building with Tenants
00:24:39 - Timeline of the Building Process
00:25:51 - Three Years Later: The Outcome
00:26:08 - The Safest Investment: Occupying Your Own Space
00:27:39 - Understanding Growth vs. Preservation of Wealth
00:28:54 - The Wealth Pyramid Concept
00:30:41 - The Importance of Business for Wealth Growth
00:33:12 - Choosing the Right Game to Play
00:35:48 - Preservation of Capital Strategies
00:39:18 - The Role of Diversification in Wealth Preservation
00:40:13 - Final Thoughts on Wealth Growth and Preservation
00:44:51 - Focus on Your Strengths