Ever wondered why a high income might not always equate to true wealth? That’s exactly what Dr. Jackson Sadler and Brian Swilling dive into in this episode of Oral Wealth: Prosperity in Practice. They explore the hidden traps of a high income, from lifestyle creep to financial stressors that many dentists face. Can you break free from the golden handcuffs of finance?

Join them as they uncover vital strategies for managing your wealth and well-being. They discuss the common pitfalls facing high-income professionals, including lifestyle inflation and its stealthy threats, offering practical tips to navigate these challenges. You’ll also learn how automating your savings can transform your financial future. And they don’t overlook student loans. There’s valuable guidance on repayment strategies to ease the burden. Finally, they emphasize the importance of prioritizing well-being and avoiding burnout in demanding careers.

Dr. Jackson Sadler and Brian Swilling cover:

• The perils of lifestyle creep and avoiding unconscious spending [00:04:11]
• Automating savings for financial security [00:08:28]
• Navigating and managing daunting student loan debt [00:19:52]
• Prioritizing personal well-being to prevent professional burnout [00:28:35]

Resources:

• National Bureau of Economic Research: The Consumption Response to Income Changes research study
• 2018 survey by Credit Karma
• The American Dental Education Association: student loan debt
• ADA Health Policy Institute: Burnout study
• 2023 Medscape survey
• Repayment Plan Signup

Connect with Dr. Jackson Sadler:

• Carolinas Center For Oral & Facial Surgery
• LinkedIn: Jackson Saddler DDS

Connect with Brian Swilling:

• NaviPath Financial
• LinkedIn: Brian Swilling
• brian@navipathfinancial.com