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Hello from Los Angeles

jaykla

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Hello All
First off, I want to thank MJ for writing a great book and sharing insight to things I rarely would have considered in the past. After reading his book and looking at my current situation I would consider myself to be a sidewalk and slowlane hybrid. I am 35 years old, a dentist and generally work 4 days per week.
After reading his book I realized that dentistry is a dead end (slowlane) profession. I can only work on so many teeth in a day. I can't "sell" dentistry online beyond marketing and I can only leverage it so far, unless I open a chain of clinics. That route doesn't interest me because I don't want to introduce so much of the human resource element either. Running my own practice is enough work for me. I feel like I am married to my job. I make OK money but I also buy lots of toys = sidewalker? I also spent many years and hundreds of thousands in education to get the DDS degree. I was trained from young to go to school, get a professional degree, make money, save it and one day I'll be rich = slowlane. I also get advice all the time from my CPA to consider Roth IRA's and put more money in my wife's 401k.
Now I know there is a better way and I'm excited about making a transition. However, all this specific education has made me a "one trick pony." I know a lot about dentistry but not much about other things. Every day I think about my other options and nothing ever comes to mind, but that's perhaps because I have not surrounded myself with like-minded individuals and the more time I spend on this forum the more inspired I get. I hope to be able to come up with something that fits the proper guidelines for success and make it happen soon.
Here are my "shout-outs" to Chicago and Phoenix:
I went to Northwesten Dental School in downtown Chi-town and I love the Chicago references in MJ's book. I also did a residency in Tucson and my best friend lives in Cave Creek just outside Phoenix. I'm out in the Phoenix area several times a year to visit and love it out there as well.
Obviously there is a lot more to me and my life but I think I've gotten at least some of it across and feel slightly relieved that I was able to write down my feelings and address my issues.
Thanks again for reading this and I do look forward to interacting with many of you!
 
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Rick

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Hi Jaykla,

welcome to the forum.

all this specific education has made me a "one trick pony."

Education can't be a bad thing on fastlane, can it? Imho, being a dentist seems to offer a bunch of business ideas. I just imagine (please google yourself) how many dollars are being spent each year for products connected with teethcare.

Cheers,
Rick
 

jbar

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Being an expert in a certain field can help you find solutions to problems in the industry that you can solve. I'm sure the people that started invisalign were dentists. They just came up with a new product to solve the constant complaint about how ugly braces look. Now that you know the fastlane techniques maybe you can put a new spin on an existing product and start selling it online. Start small and see what happens. You don't have to "reinvent the wheel". Good luck!
 

jaykla

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Thanks for the tips. It's funny you mention Invisalign. I do a lot of it in my office and the inventor, ironically, was not a dentist.
 
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MJ DeMarco

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I am 35 years old, a dentist and generally work 4 days per week.

The good news is your trade is better than most --- 4 for 3 -- not bad! And this also gives you opportunity to work on another plan. Also, since your time trade is valued much more than most, this also gives you a distinct advantage.

I also get advice all the time from my CPA to consider Roth IRA's and put more money in my wife's 401k.

Not bad financial advice per se' -- just not Fastlane. I hope everyone is clear that my issue with Slowlane strategies are not the strategies -- but the strategies being THE plan.

As for your next step...

You know Rob of FTVGirls (via the LamboForum, the guy with the $1.2 M Veyron) was a dentist before he "transitioned" to his new venture. Of course, I'm not saying you want to get involved in soft-porn, but his road was the internet.

Obviously the first starting point is one you've already made. You are aware. You changed your frequency. Now that you are aware, you might be able to spot an opportunity more readily ... and of course, "opportunity" doesn't need to be some great idea that no-one has ever thought of.

Welcome to the forum and thanks for the great intro.

Speed+
 

jaykla

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Hi MJ,
You are totally correct. I am much more "aware" of my situation and that is a big first step. Also, I can't complain that much since I am in an advantageous position to pursue other ventures while I still make a decent income. I just signed up for Beer and Pancakes and I'm looking forward to gaining a lot more insight both there and on this forum!
 

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