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[EP 22] Developing Financial Discipline to Build Wealth & Success - with Dr. Rodrick Miller
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[EP 22] Developing Financial Discipline to Build Wealth & Success - with Dr. Rodrick Miller
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Summary
Dr. Roderick Miller shares his journey of building wealth by practicing true financial principles in his dental practice. He emphasizes the importance of patience, correct principles, and managing money in a positive and patient way. Dr. Miller started his practice with one chair and gradually expanded by reinvesting his cash flow into the business. He focused on providing excellent service to his patients and creating a good system in his practice. He also shared his approach to paying off student loans and managing personal finances.
Takeaways
- Practicing true financial principles and managing money in a positive and patient way can lead to wealth creation.
- Reinvesting cash flow into a business and focusing on providing excellent service can lead to business expansion and success.
- Paying off student loans and managing personal finances require discipline and delayed gratification.
- Creating a good system and having a mentor can contribute to the success of a business.
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