Protecting Your Money And Yourself - with Vinay Rathod

After discussing the importance of protecting your downsides, and trying to implement strategies in order to reduce your risk of losing money, Brad is in conversation with Vinay Rathod, a specialist in financial services for dentists and doctors, about the many ways that you can make your money work harder for you, and protect against the negative times.   KEY TAKEAWAYS   Dental practitioners are not generally seen as having much business or financial acumen, but in Vinay’s experience, the intelligence level required to gain good financial grounding is definitely present in the industry. Income protection is a vital component in any professional’s business. It has no exclusions and can protect against a sudden drop-off in income, meaning that business can go on as normal. It is not enough to install the proper insurances and protections against a downturn. We must also ensure that they are set up correctly, taking into account our very own personal circumstances and relationship to the business. Financial advice is always best taken from an experienced advisor. One solution for someone else may not necessarily work for you. Seek the best advice possible and be honest.   BEST MOMENTS   ’To do good work you need to research often’ ’The illusion that a lot of young people have is that they are invincible’ ‘Humans are naturally biased towards the thought that nothing will happen to them’ ’Don’t put all your eggs in one basket - but also, don’t be scared'   VALUABLE RESOURCES The Dental Business Podcast   Vinay Rathod LinkedIn - https://www.linkedin.com/in/vinay-rathod-bab5a663/?originalSubdomain=uk Vinay Rathod Instagram - https://www.instagram.com/vrfinancial/?hl=en VR Financial Solutions - http://www.vrfs.uk 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]