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You’ve just graduated. Great! Your bright horizon will be a little bit brighter if you check off some key items as you head into your career.
1. Know your resources
Count on your community. Look to your national, provincial or territorial dental association for information about CE opportunities, events, professional resources, practice management tips, or to simply get in touch with a colleague. And of course, you can always look to CDSPI to help keep your financial house in order.
2. Establish your team of professionals
You’ll need a lawyer, an accountant, an insurance advisor and crucially at this stage of your career, a financial planner. Look for someone who has the gold-standard Certified Financial Planner® designation with at least ten years in the industry and experience working with dentists. A non-commissioned planner will help give you objective and unbiased advice.
3. Develop a financial plan
Are you looking at a big mound of student debt? Welcome to the club. You’ll want to pay that down of course, but if you crunch the numbers it makes sense to start saving too. Your financial planner can help with that crunching, and incorporate it into a long-term financial plan. Starting early will give you a head start in your financial marathon and the discipline to win it.
4. Protect your wealth
@*#$ happens! A fire at your practice, a serious illness, an injury on vacay… any number of things can derail your best laid plans. So protect yourself, and your practice. A good place to start is by extending your CDSPI Undergraduate Insurance Package to get significant premium reductions on a variety of plans.
5. Maintain physical and mental health
No matter how well you take care of yourself, sometimes you need a little TLC. Your Members’ Assistance Program (MAP)* can help with short-term counselling and a boatload of other resources. Call 1.844.578.4040 or download the My EAP app on your Apple or Android device to get started.