Achieving Professional Prosperity & Financial Freedom (w/Dr. Daniel Camacho) [Ep.114]
Episode Overview: In this episode, I welcome Dr. Daniel Camacho, a board-certified orthodontist and owner of Forever Smiles Orthodontics in Fort Lauderdale, Florida. Together, we dive deep into the realities of private practice ownership, financial independence, work-life balance, and the evolving landscape of orthodontics and dental education.
Guest Bio: Dr. Daniel Camacho immigrated from Colombia as a child, completed his undergraduate and dental degrees at the University of Connecticut, and earned his orthodontics certificate and master’s from Seton Hill University. He is known for his patient-centered, boutique practice model and his commitment to mentoring the next generation of orthodontists.
Key Topics Discussed:
- Dr. Camacho’s journey from immigrant to orthodontist and practice owner
- The decision-making process behind buying vs. starting a practice
- The impact of mentorship and residency experiences on career direction
- Financial literacy for dentists: lessons from "Rich Dad, Poor Dad"
- Good debt vs. bad debt, and leveraging business ownership for financial growth
- The importance of building assets, not just income
- Work-life balance and the “three cups” analogy: health, happiness, and money
- Building a strong practice culture, leadership, and team management
- The value of private practice in a corporatized dental world
- Differentiation through customer service and patient care
- The need for modernizing orthodontic education and embracing new technologies
- Early intervention in orthodontics and the importance of airway health
Takeaways:
- Private practice ownership is still viable and rewarding for new orthodontists.
- Financial discipline and asset-building are key to long-term success.
- Leadership and culture are the foundation of a thriving practice.
- Embrace change, invest in education, and always strive to improve patient care.
Special Mentions:
- Airway Palooza 2025: Oct 17-18, Fort Lauderdale, FL. Use code DOCPALOOZA for $500 off! (https://airwayhealthsolutions.com/palooza)
- More resources & CE: https://theorthocoach.com
📧 Contact Dr. Mike: drmike@theorthocoach.com
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Thank you for listening!