As the costs of going to dental school keep increasing, dental professionals need to find ways to work towards financial independence and a debt-free future. However, many new dentists still struggle to clear their student loans and other high-interest-rate debt. The good news is that it doesn't have to be that way!

Caroline Clerisme is a dentist in New Hampshire and the founder of Doctors Out of Debt, a company that helps doctors create generational wealth and pay off debt. 

When Caroline graduated from Tufts in 2011, she had massive debt in student loans. Her job at the time didn't pay enough, and soon Caroline found herself wondering whether she could ever manage to pay off that debt. 

Caroline remembered her mother's advice regarding debt - live pretty much below your means and always save something - and she decided to stick to it.

She started implementing proven debt repayment strategies and finding multiple income streams. But more importantly, she decided to change her mindset, which had always held her back.

By developing these financial strategies and adopting a positive mindset, Caroline was able to pay off the $250,000 of her debt in only four years!

She believes that even the way you practice dentistry changes when you are debt free. It's a great feeling to have that peace of mind, bless others, travel, and be generous with money.

Caroline's passion has pushed her to help many doctors grow wealth and get out of debt at the same time, some even managing to triple their income in a couple of months.

If you want to learn more, tune in to this week's episode of 'The Raving Patients Podcast'!

Caroline joins me to discuss 5 ways dentists can achieve financial freedom, build wealth and clear their debts. Tune in to find out more!

We discuss why doctors should diversify their income, the importance of discussing money with family and peers, and a few strategies to achieve a financially independent lifestyle.

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Key Takeaways 

• 5 ways dentists can build wealth and get out of debt (00:00)
• Caroline's background and journey (02:24)
• The wrong mindset when it comes to paying debt (04:18)
• The importance of setting specific goals (11:50)
• How to settle debt faster (15:18)
• Why doctors should diversify their income (19:52)
• How to discuss money with family and peers (27:27)
• Lightning round Q&A (29:49)

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Additional Resources

Learn proven dental marketing strategies and online reputation management techniques at:

https://www.drlentau.com

This podcast is sponsored by Cloud Dentistry, the largest dental talent marketplace. Find out more at: http://www.clouddentistry.com/Len

This podcast is sponsored by Dental Intelligence. Learn more at: https://www.dentalintel.com/

This podcast is sponsored by The Doc Sites, the leading provider of websites and online marketing for dentists. Find out more at: https://www.docsites.com/