Make Your Money Work For You

In this week’s show, Brad discusses the subject of investment, and tells you how he structures his finances, as well as some of the strategies he employs to make sure that his money works for him!   KEY TAKEAWAYS   Always try to have a reasonable level of liquid cash in a current account. Make sure your zero point is never actually zero. Try to keep money in tracker and index funds that track the UK market as a whole instead of any individual company. This can be managed if you wish.  Try to invest in income-generating property that will serve as an asset. There are creative ways of acquiring these properties through using little-to-none of your own money. Education is key.   BEST MOMENTS   ’Try and diversify as much as you can within different asset classes and markets' ‘It’s always worth being tax efficient’ ‘Protecting the downside is really important'   VALUABLE RESOURCES The Dental Business Podcast ABOUT THE HOST Brad believes that everyone at any level should be focused on achieving multiple sources of income to create diversity and balance in life. He feels passionate about helping dentists work towards freedom by building wealth in different areas and helping to develop a mindset to improve one’s ability to handle the stresses of clinical life.    Still a practising dentist, Brad has implemented strategies to create a practice to allow him to carry out the dentistry he wants whilst continually expanding with loyal staff and patients. These strategies can be adapted to any dentist, whether you are an associate or the practice owner, to help bring back your passion for dentistry.   In addition to running a successful private dental practice, he has grown several other dental businesses and as an investor is growing wealth outside of dentistry to help protect his legacy for his growing family.   He is chair of the Horsforth Town Team, dedicated to the promotion and development of business in his local area in North Leeds, UK.   Due to his track record and down to earth advice, he has become sought after as a mentor and spends part of his time dedicated to mentoring dental professionals about business, mindset and personal development.   CONTACT METHOD Brad Thornton Instagram Brad Thornton LinkedIn Brad Thornton Facebook [email protected]