September 7, 2025 • 43 mins
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What if the key to financial freedom isn't working harder, but thinking differently about money altogether? That's the powerful premise behind this conversation with Dr. James Martin, founder of Dentists to Invest and a pioneer in financial education for dental professionals.
From an accidental entry into dentistry (thanks to a cousin's suggestion) to creating the UK's largest financial community for dentists, James shares the unconventional journey that led him to discover his true calling. After qualifying from Leeds in 2016, he pursued clinical practice while quietly nurturing a parallel passion for finance and investing. The pivotal moment came during recovery from knee surgery in 2020, when he spotted a critical gap – UK dentists lacked a dedicated platform for financial discussions tailored to their unique circumstances.
The growth of Dentists to Invest reflects a profound hunger among dental professionals for financial knowledge that traditional education never provided. James reveals how he maintains the community's high standards and value, carefully vetting contributors and ensuring the platform delivers genuinely useful content rather than becoming a marketing playground.
The conversation takes a fascinating turn when exploring how artificial intelligence is revolutionizing financial planning for dentists. From AI-generated CPD content to sophisticated financial modeling that considers countless variables, these tools are creating unprecedented opportunities for practice owners to make better decisions with less effort. Most dental practices, James notes, remain stuck in outdated systems – presenting enormous potential for those willing to embrace innovation.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Dr James (00:00):
If you want to do different things versus an
average path through life, youknow that you can't take the
same actions, Even if theaverage did shift.
If you follow the mean, you'llalways be in the mean.
If you want to do these outlinethings, you're going to do
different things.
So I guess, whenever I findmyself in a situation where I
have an inclination to react acertain way or take a certain
(00:22):
course of action, that I oftenthink to myself but is that what
the majority of people would donow?
And if I reflect on myself andI think yes, they probably would
, then that is like a little redflag in my head.
Dr Randeep (00:36):
Today's guest, Dr James Martin, is the founder of
Dentists Who Invest, a thrivingonline community and education
platform dedicated to helpingdentists take control of their
finances and build long-termwealth.
After qualifying from LeedsUniversity Dental School in 2016
, James quickly developed a deepinterest in finance and
investing.
By 2021, he had transitionedout of clinical practice to
(00:59):
focus entirely on empoweringdentists through financial
literacy, community building andmindset.
He's also the founder of VidereFinancial Planning, a fixed-fee
wealth management firmcommitted to transparency and
ethical financial advice.
In today's conversation, we'llexplore how financial strategy,
mindset and smart systems cantransform the way dental
(01:22):
practices are run.
We'll talk about breaking thelink between time and money, the
rise of financial confidenceamong dentists, and how modern
financial tools can supportclearer decisions and better
outcomes, freeing up practiceowners to focus on what really
matters.
Welcome, James.
Thank you so much for having melooking forward to this.
James, what first drew you todentistry and how did your early
(01:45):
career unfold, and what was theturning point that led you to
leave clinical work in 2020?
Dr James (01:51):
Yeah, you know it's an interesting one, because what
drove me to dentistry was Ican't remember if I've ever told
this story or not publicly, butI'll share it today.
But basically my cousin was adentist and when I was like 16,
17, uh, you know, I put I alwayswanted to be a good student and
excel academically, I guess,and I got my GCSEs and then my
(02:15):
cousin basically came to see meand was like you should consider
being a dentist, because I'm adentist, and here's all the
reasons why I like it and Ithink it's great.
And I guess that that seed wasplanted at that point.
I always remember we had thiscareer teacher who came to see
us when we were 16 and he saidokay, guys, no wait, when we
(02:37):
were 17, because you apply whenyou're 18, right, when you're
doing your second, at the startof the second year of your
A-levels, right?
Yeah, that's how it works.
So, yeah, it must've been atthis, it must've been an AS
level.
And he was like right, guys,this is the start of the summer
before A2.
And he said okay, guys, you gotthe whole summer to decide on
(02:58):
this quite pivotal decision inyour life as to what you want to
do at university.
So just have a good time, havefun, but make it count, just
give it some thought.
And I always remember I wentaway from that whole summer and
I just didn't think about it atall.
And I came back and he was like, okay guys, well, if you want
(03:19):
to do medicine, you have to sendyour applications off, like now
, right, like they have to bedone before the end of September
because the deadline is October.
So I was like, okay, well, I'llgive this dentistry thing a
shot, it sounds pretty good.
And then I can't remember whatmy backup was.
I think my backup was chemicalengineering.
Um, so, yeah, that was how Icame to be a dentist and I, uh,
(03:42):
you know, on paper it wasn'tjust that, obviously, like on, I
thought it sounded quite good.
And then you mix science withpractical hand skills as well,
which sounded something fun tome at the time.
And then, yeah, I did dentistry, went into dentistry, didn't
really like enjoy it atuniversity, but I thought, ok,
(04:02):
cool, maybe when I I get outit'll be a bit different.
First year fd I wasn'tparticularly a fan off, but then
I started to actuallyunderstand it.
I just, I guess, just hadenough practice and um, now I
started to quite enjoy it.
Uh, um, would I say that I was,uh, you know, there were some
people and you could just seethat they were phenomenally
(04:24):
talented at it, like you know,like in their dexterity was just
off the chart.
I was probably.
Maybe I could have got therewith some perseverance.
I think that you can uh, butthere was definitely people who
were more naturally talented atthe hand side of things hand
skill side of things than me.
Um, and then what happened wasI always had this dual passion
of finance and investing, whichis basically inspired by.
(04:47):
Whenever I got, uh, out ofuniversity when I was in 2016, I
was like, right, we're in thebig bad world.
Now it's time to learn aboutthis stuff.
2016, 17, that was somethingthat I uh carried or nurtured
alongside learning aboutdentistry.
And then where things reallychanged for me was in 2020.
I started a Facebook groupcalled Dentistry Invest when I
had this hi, alongside learningabout dentistry.
And then where things reallychanged for me was in 2020.
I started a Facebook groupcalled Dentistry Invest when I
(05:08):
had this hiatus out of dentistrybecause I had surgery on my
knee and it basically all wentfrom there.
So there was never really apoint where I was like, right,
I'm going to drop this and dothis.
It was more a continuum or itwas more a series of events.
They say there's this sayingthat I really love luck is when
preparation meets opportunity.
Dr Randeep (05:25):
Yeah, I've heard that it's a classic one and it's
great.
It's kind of great what yousaid about.
You know you went into thefinancial side of things.
Did you see a gap there?
I mean, what problem were youmost driven to solve?
You know, when you startedDentist to Invest?
What was your kind of drivingforce behind that?
(05:46):
Because it seems to have hit anerve and, you know, kicked off.
You mentioned the Facebookgroup and that kind of rapidly
grew from that into a globalcommunity really.
So what do you think?
Was it timing or what drove you?
What drove you and what did yousee that was lacking?
Timing, or what drove you?
What drove you and what did yousee that was lacking?
Dr James (06:05):
You know what?
The first thing to acknowledgeis that I never actually really
put pen to paper and thought,right, where is there a niche
here?
Is there not?
Is there some sort of untappedreservoir of demand?
I basically started theFacebook group when I had some
time out and I thought, okay,cool, there's got to be, there's
(06:28):
got to be a group where Dennistalk about money and finance,
right, like that's just got toexist, like surely.
And I almost didn't start itbecause of that.
And then I did my research andI was like man, no one's
actually done this.
This is crazy.
I did learn about a year later,six to 12 months later, after I
started Dentistry Invest, thatthere is an American investing
(06:48):
page and it's called somethinglike Dental Investment Group or
something like that.
It was very American.
They talk about their 401ks andtheir Roth IRAs, I think
they're called, whereas we'vegot our ISAs and pensions.
So there was no UK version.
And, yeah, I didn't evenrealize at the time.
I just started.
It started making content andthen someone shared it on a big
(07:10):
dental forum and people startedto join.
And it was when it got quitesignificant numbers and
significant engagement prettyfast that I was like right.
There is something here,something that the audience is
telling me rather than mefiguring it out per se.
It was the level of interestthat it got that gave me that
feedback.
The world gave me that feedbackto indicate to me that there
was something here, more thanany sort of initial strategic
(07:33):
move or planning.
Dr Randeep (07:35):
James, how do you kind of keep the platform
engaging in an educational andempowering me?
What's your kind of modusoperandi on that?
How do you keep the communitygoing?
Dr James (07:48):
Great cue and the answer is it's a lot more effort
than it looks, because you haveto be very certain to let
people on there who are going touphold the values of the
platform and not just see it assome sort of opportunity to gain
(08:09):
a lot of clients or cash in.
So I'm always very certain to,first of all, I'll post content
on there regularly and I'll makesure that the people who are on
there get good answers to theirquestions.
I'll make sure sure that thefinanciers on there, the people
from the financial world onthere, are of a certain ilk in
that they're dental specialists,they're not just anybody and
(08:32):
I'll also make sure that theyare aware, guys, it's not really
the policy of the group or theculture of the group that you
can just be on there and flogyour services 24-7.
You have to actually givevaluable answers, like that's
how it works.
Everything has to be.
You have to give way more thanyou take and I think that, as
long as because I'm very certainto get to know everybody and
(08:56):
how can I say, keep an eye onthat.
That's why I believe it'sgrowing to the level that it has
and, interestingly, you knowwhat?
We're recording this in August2025.
This has been the biggest monthever in terms of engagement on
the Dentistry Invest Facebookgroup by way of posting, so I
think something's working, whichis great.
Dr Randeep (09:20):
Would you build it differently with the tech that's
available now around AI andthings like this?
I mean, how would you rebuildit if you could start today from
day?
Dr James (09:30):
one.
I have actually reflected onthis before and I think on the
whole there's probably not toomuch I would change.
Facebook has definitely changedover the last four or five
years.
Like, certain methods ofposting used to absolutely slap
back in the day and get reallygood engagement, whereas now not
as much.
(09:50):
You can physically see thealgorithm changing year on year.
What I would do now is one thingI have learned, and I know your
audience are tech enthusiasts.
I think the old school marketingtechniques of the early 2000s,
which are big ass email list anda really killer website, still
work really well to this day.
(10:11):
And the way I used to see thingsback in the day was I used to
see the Facebook group as themain hub of activity, whereas
now I see the email listprobably is the best way to
engage people and the Facebookis a means of getting people to
engage with.
The email list probably is thebest way to engage people and
the Facebook is a means ofgetting people to engage with
the email list.
So I kind of see it the otherway around.
(10:32):
Whereas I used to use the emaillist to drive traffic towards
the group, it's not so much thecase anymore, so that's where
things have moved around for me.
So if I was to start all overagain, I'd probably focus on
building a really big email listas the first and primary
objective and a killer website,which I just did not take
seriously until like 12, 18months ago, and I think I could
(10:54):
have done things much faster ifI would have known that at the
start.
But you live and learn.
These are the lessons that youpay for by way of experience and
time, so it's okay.
Dr Randeep (11:04):
Yeah, 100%, 100% agree with that.
And how?
How could AI personalizefinancial education for dentists
?
So what, what's your kind ofview on some of the AI tools and
how do you think that couldreally help for the dentist kind
of personally in their personalfinances and even kind of
practice finances?
Dr James (11:25):
If you're a UK dentist and you wish to add to your
verifiable CPD portfolio forthis learning cycle, it's worth
knowing that Dentist who Investhas over a thousand minutes of
free verifiable CPD on ourwebsite.
Just simply head over towwwdentnis2investcom and hit the
(11:46):
video slash CPD tab and you cango right ahead and help
yourself to as much CPD as youneed.
You'll also find a link thattakes you straight to the CPD
section of the Dennis whoInvests website in the podcast
description.
Yeah, so it's an interestingone.
So, as regards to how we'veintegrated it on the group,
(12:09):
here's a really cool thing thatwe use AI for Every one of my
well, not everyone, but a lot ofmy podcasts have CPD on them.
So we actually use AI togenerate the CPD.
Basically, we'll get the CPD towatch, to read the transcript
and say, hey, can you?
We've got all these prompts setup that we figured out.
One day we'll feed in theprompts.
So it's all done in astandardized way.
(12:29):
It will come up with thequestions, we'll approve the
questions and then we will usethat as cp, as a method of, uh,
the user being able to get cpdwhenever they listen to the
podcast.
They fill in like a littlequestionnaire.
Those are are AI generated, buthuman approved, so that's been
a really cool way that we cangenerate CPD at scale, basically
(12:50):
for all of my content, whichmeans that it's even more
valuable to listen to, which isincredible.
So that was quite a cool thing.
I think, as well as that, whereit can be used as well is to
create the templates for yourposts on Facebook.
I don't know if it's quite atthe level just yet where it can
replace a human being, but itcan definitely.
If it can give you like, thescaffold for a post, that will
(13:11):
help.
And then you where, the, where,the, where the skill comes in
of someone who's posted, youknow, uh, on social media fairly
regularly.
Uh, you kind of know just howto word things in a way to make
them interesting, I guess, or atleast, or at least, or at least
maybe you don't, you can neverpredict it a hundred percent,
but you have an inkling, likeyou have an intuition there, and
AI just can't quite do thatjust yet.
(13:32):
So I definitely think thatdental practices out there
should be leveraging that fortheir social media and content.
Like, why the heck would younot?
Basically, so that's cool, Imean in our financial planning
firm that we talked about just asecond ago.
One really cool way that we'reusing it is to actually help us
with the financial plans.
So what someone will be able todo is input their data into a
(13:56):
sheet standardized sheet and sayhere's how much money I have.
Here's my goals, here's myobjectives.
What's the most efficient wayto achieve this?
I have.
Here's my goals, here's myobjectives.
What's the most efficient wayto achieve this?
And whereas once upon a time youcould do planning to a degree,
with software, it's a lot morefluid now.
There's a lot more ways thatyou can adapt that to the
specific needs of what someonewants, because you're literally
just talking to a person stillneeds a human to sign it off,
(14:18):
like you've got to make sureit's correct.
But that's what's out there,and there's a lot of firms that
are still stuck in the 90s andearly 2000s because of
bureaucracy and because oflayers of management that just
don't have the agility to beable to implement that stuff.
So I really think that ai isman.
That is like the next.
How can I say this?
It's the next.
(14:38):
It's like what crypto was inthe mid 2000s.
It's like what the internet wasin the early 2000s.
It's the next revolution.
It's happening.
We've got to make the most ofit.
And the thing that blows mymind about ai is it's a thing
that humans create it like weliterally created it, right, but
we still don't fully understandit, like we still don't fully
understand all its applications.
That, to me, is just nuts, andthat is yeah.
(14:59):
It's like the two ways you canlook at it.
You can be like that's slightlyunnerving, or you could be like
right, well, it's happening.
Dr Randeep (15:06):
I might as well embrace it and there is some
sort of opportunity here yeah, Ithink we're at a very nascent
stage so that there's a lothappening at the moment in ai.
As you know, there's lots ofnoise around there as well, so
it's really interesting to kindof have that clarity that you
you see people actually use thissuccessfully for kind of their
personal finances.
And have you had kind of manypeople come into you kind of in
(15:30):
terms of their practice financesand seeing how this could help
them structure things forpractices?
And it would be interesting toget your take on how you see
this technology kind ofdisrupting things in either
leveling the playing field Doyou think it would help
operators to compete with maybesome of the larger corporates
out there?
How do you see it leveling ordisrupting the playing field out
(15:53):
there from kind of a financialpoint of view?
Dr James (15:55):
Well, you know what I mean.
I feel like it's crazy.
I mean this is probably gettinga little bit.
Yeah, there's going to beapplications in financial
planning and wealth management,and those will be possible for
dental practices and dentists,of course.
So more along the lines of justmaking sure that whatever
financial plan we create forthem, well, it's that much more
(16:19):
bespoke and every considerationis there, and all the T's across
and the I's are dollars, so Ican definitely see it supplement
in the advising the financialplanner.
More so on the business side ofthings.
I mean, it blows my mind in 2025, there's loads of practices out
there that don't have a CRM.
There's just so many.
Like that gives so much timewhen you know how to use it
properly, right, and I'm sureyou've talked about this and I'm
(16:42):
sure that perhaps even yoursoftware does this, randy.
But I mean some of the amazingstuff that you see nowadays is
where it plugs into your phonesystem.
It drafts up the email thatyou're going to send to the
person afterwards as you'retalking.
Based off the conversation, itrates you in terms of your
politeness and behavior on thecall, which I guess that is
(17:07):
useful, and people have to justget used to getting feedback
from a machine, right, becauseit's literally just there to
help you.
That really is the future.
The future has officiallyarrived at that stage.
So those are some of the thingsthat I've seen, and yeah, let
me think what else.
I mean.
Those would be certainly theones, the applications that I've
(17:28):
seen, that spring to mind, thatI'm just like wow, and these
are just the ones that peoplehave thought of now, like AI.
When did ChatGPT come out?
2022?
, 2022.
Dr Randeep (17:40):
They all blew up around then yeah, yeah was it
around 22?
Dr James (17:44):
2022.
Yeah, I just I remember that.
I remember everybody talked, Iremember it launched, right, and
then it just went viral, didn'tit?
Because everybody just sharedit with each other, right?
It just that week, okay, thatwas like, wow, a computer can
actually do this.
Uh, this is nuts, um.
So, yeah, those are theapplications.
(18:04):
We're still.
It's still young, like there'sstill, it's it's like the next
gold rush, right, like it's.
It's like america, it's likethe america is being discovered
again.
Like this is land ofopportunity.
Yeah, and we gotta, we gotta.
When we look at these things,you know everything, even like
coronavirus.
Very sad, what happened.
It was terrible.
(18:24):
No one would have wished forcoronavirus, but any disruption,
any disruption, categoricallyis an opportunity.
Like that's literally what itis right.
You just got to see it that way.
Too many of us look back in therearview mirror and think, oh
shit, that was a chance.
We had an.
We had a chance right there todo something right.
You know what I mean, butthat's literally how it feels at
the time.
You just got to reframe yourbrain to see it that way.
(18:46):
And whether that mean thatyou're rolling your sleeves up,
creating some sort of ai tool,getting involved, if you're
really going to go whole turkey,like you're going to go all in,
or you're just embracing it byway of your down practice to
make it run smoother, make itmuch more efficient, to make it
more profitable, so you don'thave to graft as hard every day,
so that it kind of works foryou a little bit more.
Dr Randeep (19:06):
There's got to be something somewhere there, but
that only starts with beingwilling to embrace it it's, it's
embracing it, and what wouldyou, what advice would you have
to people who maybe are kind ofa little bit, you know, on the
fence or they don't quiteunderstand it?
Um, they maybe want to get intoit, but but they're just not
sure.
What would your advice be tothem?
How could they start on thisjourney of kind of AI and
(19:29):
personal and financial planning?
What would your advice be tothem?
You?
Dr James (19:34):
know that's a good question.
The first thing to acknowledgeis I am probably just one step
beyond those sorts of people,because I'm not I've
investigated it to a cursorylevel.
Do I know as much as someonelike you?
Absolutely not, uh.
So what I would say is go tryout chat gpt if you haven't
already uh, because there'sstill a lot of people who sit in
(19:55):
that camp and and then what Iwould then do after that?
If you've already tried that outand you're maybe thinking
yourself, right, okay, cool,this is cool, but I don't
immediately see how it's goingto help me, maybe just have a
real think about the stuff thatyou're doing on a day-to-day
basis which AI can help you withor make much faster.
(20:16):
If you kind of reduce it to aseries of prompts or you reduce
it to a series of consistentways that you can feedback, you
can, you can input it into chatgpt and chat gpt will be able to
help you, because that's whenall the good stuff happens.
It basically does all thethinking for you, or it can be a
lot of the thinking for you,right?
Even write down and generate mea shopping list, like, make me
(20:37):
a shopping list.
You know you can write that andit'll give you like a list of
four things that you want.
Um, yeah, just anytime you findyourself thinking about
something, a lot, maybe justtrain your brain to think to
yourself right, how can I get achat GPT involved in this?
And that's when all the goodstuff happens.
That's when the doors start toopen, if you ask me.
And when I had that unlock formyself, that really helped
(21:00):
because all of a sudden I wasn'ttrying to just come up with
everything on my own.
I think I think it's.
I think it's glamorized in lifethat we have to be the sole
person who comes up with all theideas for our own life.
But really great book.
Have you ever read it?
Called who, not how, you likethat book?
Is it on that bookshelf behindme?
yeah, it's one of them at theback there in my collection well
(21:21):
, yeah, basically who, not how,and I've definitely said this a
hundred times in my podcast, butI'm going to say it again
because it's such a great bookbasically who, not how.
The whole premise of the bookis if you want to figure out how
to do something right, stopsaying how can I do this and
start saying who can help me dothis, because I swear you'll get
much better results, muchfaster, much easier, and you
(21:41):
won't have to.
That doesn't look like hiringsomeone necessarily.
That just looks like askingthem right.
And even though that's such asimple lesson, it's not a binary
thing do we ask people to helpus or do we not ask people to
help us?
It's more of a continuum.
It's how well do we do it?
And you know, the day I startedthinking like that a lot more,
that just got way easier.
It stopped being such astruggle to a point to.
(22:04):
To a point now where if I havean obstacle or something I need
to overcome right and I um feellike it is, I'm thinking about
it and it's taking me a lot oftime and effort my brain is
literally conditioned to thinknow there must be an easier way
there, there must be right likethis is too, this feels too hard
, right?
So then I think, right, okay,cool, who can I ask?
(22:25):
And obviously, one person in away that you can ask is chat gbt
right on ai, and I bet there'smillions of other ais out there,
but I'm I'm very much entrylevel, uh, ai knowledge I'm
hearing that a lot, james, thatyeah, people are using this as a
co-pilot and it's not kind ofit does the thinking for you,
but it, yeah, definitely speedsthings up.
Dr Randeep (22:47):
Even if you want to just kind of run ideas could
speed things up with you can dosomething within like a in a
couple of minutes that wouldhave taken hours, hours or weeks
before.
So you know, I definitelysecond laid, it's definitely
co-pilot and that's how I gotinto it, just trial and error
and trying ChatGPT for kind ofdaily tasks and then just saw
(23:07):
the power of it.
So in terms of DWI, tell me alittle bit about your vision.
How would you like DWI to havechanged the profession, say, you
know, in five, 10 years time?
What's your kind of long-termvision for that?
Dr James (23:23):
I definitely think that I would like to ensure that
the forum uh for those whodon't know, who might be
listening to the podcast whereit originated from as a facebook
group which eventually became aforum that people engage on and
ask questions whenever it comesto finance.
So I I'd probably like to justensure that that whenever it
comes to finance.
So I'd probably like to justensure that that stays the way
(23:45):
it is in terms of itscredibility and engagement and
rapport.
I'd love to grow it.
I'd love it to be the biggestFacebook group in the UK why not
?
But that's just the kind ofentrepreneur, the visionary in
me I guess that, just, itdoesn't have to, if you think,
if you take a step back from it,even if it stayed where it is,
I'd be pretty happy with that.
What I would like to do is growother communities.
(24:08):
I would like to take that modelto other communities and expand
that, because I think that itwould work really well and I
think that they're stillunderserved.
There's an opportunity forsomeone right?
I've even said it on thispodcast, I've publicly
broadcasted it right, there'sthere's still not forums for
doctors, right?
Uh?
And pharmacists and stuff wherethey can do the same.
Why the heck would there not beright?
(24:29):
Um, so that's one thing I'dlove to do, I think, uh, seeing
dentists who invest a lot moreas a uh, a media company or an
open source for financialinformation, not just with what
we do with the dare, with thefinancial planning from
mentioned just a second ago, butwith every niche and ensuring
that people will go therewhenever they want to learn
(24:52):
about any topic related tofinance, like indemnity, like
accountants, like whatever rightanything under the sun.
And then what that would mean isthat the offering is expanded
and, yeah, just growing ourfinancial plan for them to be
(25:12):
the best that it can possiblyflip them be.
And I feel like when we do that, then it will grow by itself.
It will grow and expand.
It will grow and expand as abusiness, as an operation,
without us even necessarilyreally marketing it per se,
which is the sweet spot just byword of mouth, but you only can
do that whenever you know thatthe product is killer.
So, yeah, it's just continuingto deliver on that front, and if
we do all those things in thenext five years, yeah, man, I'll
(25:33):
be happy.
I like the train that I'm on,man, I just want to keep going
on that train.
Dr Randeep (25:39):
That's a great vision.
I always say you say why notthink big?
Why not think big?
It takes the same amount ofenergy to think big than to
think small.
So yeah, I definitely secondthat.
And it's a great, greatphilosophy to have, james, one
practical step you could givedentists.
I mean, if you could just giveone step that they could take
(26:00):
away and put into practice thisweek towards financial freedom.
What would that first step be?
Dr James (26:07):
Okay, I got this is.
This is really simple.
Okay, but this is this is.
I think that it's reallyprofound.
At the same time, I feel that alot of us are conditioned to
think about money in a certainway that is not even necessarily
(26:28):
that accurate whenever you putit under a microscope.
Have you ever read that book,the Psychology of Money by
Morgan Haisel?
Dr Randeep (26:35):
Yeah, I've got the audio book yeah, with the kids
now.
So audio books rather than realbooks.
Dr James (26:42):
Oh right, yeah me, call me a old school, call me a
grandpa, right, but I always buythe book.
I just like the books, andthere's this satisfaction.
Put the book on the shelf andyou can like look at it yeah,
you retain a lot more, I think,when you read maybe.
yeah, I don't even you know what.
I don't even know if you do ornot.
I honestly don't.
I just love having the bookright and maybe that's something
(27:02):
I need to look Like how do Iget the info in my head the best
?
Is it a book, is it somethingelse?
But I need to get over my loveof books and having them in the
first place, but anyway.
So if someone takes my booksoff and bookshelf really annoys
me, like especially if they'regone, like if I find that
there's one missing, even I justneed to know that it's there.
There's like some sort ofhoarder, I don't know
(27:23):
inclination in there somewhere.
But anyway, to answer yourquestion, great book, love that
book.
And basically he explores howpeople's mindset towards money
is influenced by your parents alot, and they're looking out for
us and they're trying toinfluence us to do the right
(27:44):
things.
But are they necessarily thebest things for our age and
generation?
That's what you really got tohave a healthy I'm not saying
they're not, but you've got tohave a healthy skepticism for it
.
And you've got to ask your ownquestions, right.
So I'll give an example, right,property is still very popular
to this day and don't get mewrong.
There's some people who makemillions from properties, but
the heyday of property was backin the 80s, right, whenever
(28:10):
taxes were not what they are nowon it, and the property market
was booming and doing reallywell, whereas nowadays the UK
government, how they'vestructured things tax-wise and
accounts-wise, is a lot more infavor of vices and pensions and
everything along those lines.
You can't put property in anISA.
You can put commercial propertyin a SIP.
Sometimes, not always, but it'snot as easy to do.
(28:33):
It's not as easy to do assimply just buying some sort of
fund or whatever.
And actually, if you look atthe data objectively, you'll
actually find that worldequities outperform all these
other asset classes, but mostpeople don't know about them,
right?
So that's an example, okay.
So I was reading the other daythat 95 of people in the uk
don't have an isa.
Like that's the level thatwe're at.
And then of the dentists aremuch better.
(28:55):
I think it's more like 50 50from from having conversations
with them.
Every time someone's told meabout their eyes, I look over
the phone or something.
It's probably like 98% of thetime.
There's usually something torefine in there.
There's always something tomake better.
But yeah, anyway, back to what Iwas saying, I would say, if I
have one piece of advice, Iwould say realize that
(29:17):
understanding money is not aboutbeing greedy, it's not all
these connotations that we havein our head that are negative.
It's not in any way, in any way,anything other than trying to
better yourself and trying tounderstand the single greatest
thing that would give you backyour time to do whatever the
hell you want in life, and thesecond that you have, that you
have freedom.
(29:37):
That's really what it means,and it's to have a healthy
skepticism about what everyonetells you, even those people
that we hold in high regards incertain areas of our life,
because you know, whilst it maybe well-meaning advice and
whilst it may have worked forthem in their generation, will
it necessarily work for us inour generation just because it
(30:01):
worked back then?
Who knows?
Is the answer.
Let's have a healthy skepticism, let's educate ourselves.
When we're educated, we makebetter decisions, we make better
outcomes, and when you educateyourself on money and finance,
the literal main objective is toget your time back and live
your life.
So to me, that's the mostimportant thing that we should
prioritize, not because of anyother reason, just because it
then gives us the ability tolive our life on our terms.
Dr Randeep (30:23):
Yeah, I think it's always good to ask questions.
You can't go wrong with askingtoo many questions and yet
critical thinking and having ahealthy skepticism In terms of
AI.
Could you think of one way AIcould automate a part of a
dentist's business or finances?
I mean, if you could pick justone area for them to focus on
(30:43):
where they could leverage ai toautomate either their personal
finances or business finances,from your kind of background,
where would you ask them tofocus on?
Dr James (30:54):
okay, you know what?
I saw this really cool thingthe other day and it was a ai
tax calculator.
So it's like, okay, cool, we.
You input all your data andthen it tells you all your
potential tax deductibleexpenses based on your
profession.
So you type in dentists and itjust comes up with them and it
(31:15):
keeps a track on how much you'reearning every month.
It gives you suggestions forthings that you can do should
you want to increase yourearnings, and also gives you
suggestions for who you mightspeak to whenever it comes to
your investment strategy, basedon having, based on having a
conversation with you and basedon having, uh, understanding
your objective.
So I thought that was freakingcool, uh.
So, yeah, watch this space,because I think I'm going to be
(31:39):
releasing something along thoselines pretty soon, and I think
to me, that's the very firstthing a dentist can do to get a
real grip on their finances andunderstand what's out there, and
that's all AI driven.
So there we are.
Dr Randeep (31:51):
No, definitely, I think it's a lot of it.
It's about how much, how youcan structure things, and not so
much how much money you earn oryour income, but how much.
How much you can keepessentially, after everything,
everything's said and doneincome, but how much, how much
you can keep essentially aftereverything, everything said and
done.
You touched on books.
I mean towards the end of thepodcast I always like to do like
a little quick fire lightninground then just to get more into
kind of your, your mindsetbehind things.
(32:12):
You mentioned a couple of books.
One of the questions actuallywas I mean, is there, is there
one book in particular that'sreally rewired how you see the
world?
I mean, out of all the onesyou've read or you've got, which
one would you really oh man,I'm so spoilt for choice right
now.
Dr James (32:27):
I do you know?
Do you know what is one book?
I think about the lessons fromthis book literally every day.
Uh, it's called the almanac bynaval rabicant okay, yeah, yeah,
I've heard of it.
Dr Randeep (32:38):
I haven't read that one, but I've heard of it what
this book is.
Dr James (32:41):
This guy is like a modern day sage, like he's like
a billionaire and he just thinksso profoundly.
What the book basically is is acollection of his tweets, his
best tweets.
That's all it is, and they'reall.
They're all organized intocategories and it'll be like
health relationships, finance,business, stuff like that.
(33:01):
Right, and there's two lessonsin there.
There's a lesson on how hedescribes leverage, which is the
fundamental principle of how toget more out of each and every
hour.
We all have the same amount oftime on earth.
It's just that some of us havefigured out how to get more out
of it.
Right, like an ai is a toolthat helps you do that as well,
incidentally, um, so there's alesson in there on leverage and
a lesson on there on thedifferent types of luck and how
(33:23):
you can maximize your odds ofhaving lucky.
Inverted commas, things happento you that I just thought was
awesome, and I just think aboutall the time, uh, how I can
(33:47):
implement things into my life touh, welcome, uh, more of those
concepts and welcome, welcomethose, yeah, to allow those
things to help me.
Basically, yeah, great book,really great book.
I think that that the reason Ilike that book is because it's
more on general wisdom in lifeand general things, that this
guy's used to become abillionaire and a philanthropist
and all this amazing stuff overthe years.
Dr Randeep (34:03):
So, yeah, great book fantastic, and one habit that
powers your progress behind thescenes.
I mean, what's one thing thatyou do every day, which which
you, which is indispensable tokind of your productivity, and
how, how you go about um dwi andthe rest, the rest of your
businesses it's got to be this,it's got to be this.
Dr James (34:23):
I always think to myself here's something that
often goes through my head andit's like okay, cool.
The first thing is to figureout what you want from life.
Right, so I want to havemassive impact and build all
these really cool things andleave some sort of legacy that's
unique, and I know that that ismore important to me than
(34:45):
anything else.
Right, because I can look backwhen I'm a certain age and be
like, yeah, well, whetherwhether I achieved what I wanted
to achieve or I didn't, Iworked so damn hard like I
literally left everything on adance floor.
You know what I mean?
I, I gave it my all.
Uh.
So what I would say is if youwant to do different things
versus an average path throughlife, you know that you can't
(35:08):
take the same actions.
It's just by definition.
Even if the average did shift,if you follow the mean, you'll
always be in the mean.
If you want to do these outlinethings, you've got to do
different things.
So I guess, whenever I findmyself in a situation where I
have an inclination to react acertain way or take a certain
(35:30):
course of action, that I oftenthink to myself.
Hmm, but is that what themajority of people would do now?
And if I reflect on myself andI think yes, they probably would
then that is like a little redflag in my head and I'm like
right.
So actually, if I want to seethe high level 4D chess move
(35:50):
play here, I know that it can'tbe that by default.
I'm not saying that I'll alwayscome up with a better way but it
makes me pause.
And the number of times that Ipause and then I think of
something, maybe even like 30minutes later, and I'm just like
right, that is the play.
That is a much better play.
The number of times I save myass and and generated
opportunities for me, it'samazing.
(36:11):
So I would say I would say, tojust summarize, that when you
find yourself about to take anaction that you believe is the
action that most people wouldtake in that situation whether
that's like you're tired, we'vegot work to do, so go to bed
like that would probably be whatmost people do or just get that
little bit of extra juice outand get it done um, even though
(36:32):
that's the harder path isprobably the best thing for you.
Dr Randeep (36:35):
So, yeah, that is a really cool lesson and that
that's helped me a lot I lovethat philosophy, I think, is
that there's something to besaid about being a contrarian
and, um, yeah, so that thatthat's a great piece of advice
there.
And what?
What startup advice do yousecretly disagree with?
This is a bit of a strangeanswer.
It's kind of like inverting it.
(36:56):
So I mean, when you're startingsomething, you've done a
startup what advice would youdisagree with?
Dr James (37:03):
I'm actually so glad you're asking this because I was
thinking about this today.
Do you know, one of my leastfavorite things that people say
of all time If it sounds toogood to be true, it probably is
I hate that man.
I literally think that's lame,right, because you're you're,
you're assuming that, you'reassuming that you can, you have
all the information to make thatdecision up to this point,
(37:25):
right?
But the reality is that if younever put yourself out there and
have those experiences, you'reunable to say whether or not
that's a good opportunity,because you have no idea how
it's going to pan out.
Yeah, so actually that logicjust keeps you where you are.
Don't get me wrong, like,there's times where it will help
you as well.
So I really hate that saying.
I think entrepreneurship is agame of shifting your beliefs.
(37:46):
I think entrepreneurship is abig old game of just being able
to question yourself and whatyou think is right.
The number of times I've been,I thought things were a certain
way in my head and someone hassaid something to me like oh,
you know, you can just do this,don't you?
And it would be so easy to justbe like that's not true, or
think you know everything or bea bit arrogant about things
because you've been doing it forlike 10 years or whatever right
(38:09):
, I've always found if you canjust not listen to that little
voice and be willing to learnfrom everyone the number of
unlocks that I've had throughthat mindset, a number of things
that I've had happen to mewhere I was like, right, maybe
that person was right, or Ididn't have that quite that
quite right.
Um, even when they were thingsthat, on the face of it, just
(38:29):
looked too good to be true.
If you have that attitude toeverything, then even when the
real opportunities come along aswell, you're going to be
skeptical about them, right?
The reality is you have to falland stumble to learn how to
walk right, and you've got towalk before you can run.
So the only way you can do thatis just to accept that you're
going to.
If you're skeptical abouteverything, you'll never learn
(38:51):
those lessons yeah, well, that'sa great one.
Dr Randeep (38:54):
Which tech tool can you not live without right now?
If you could choose one pieceof technology, uh, that you just
find indispensable to you dayto day, I'm gonna say I'm gonna
say a really solid crm.
Dr James (39:09):
That's what I'm going to say, even though that's
pretty basic, basically likethat's, everyone should have
that.
There's still so many dentiststhat don't have that Customer
relation management software.
The amount of time that thathas saved me over the years
through like organizing it andcreating little automations and
stuff is just nuts.
(39:29):
I feel like every practiceshould have that.
I feel like that will save alot of money and time and
probably boost profitability forvirtually every business on
this earth.
Dr Randeep (39:38):
But yeah, watch this space.
Watch this space because that'ssomething that we're actively
working on.
I think AI is going to pluginto that very, very nicely, and
it already has with a lot ofindustries.
I find that dentistry we'reslightly behind the curve with
these things, so it'd be nice tosee how that implements and how
we can make a big impact to thedental industry with this
(40:00):
technology.
Finally, james, whichentrepreneur, dead or alive,
would you shadow for a day andwhy I'm going to say this right
now.
Dr James (40:11):
Now, and I know not everyone is his fan and I can
understand why, and I probablyhe probably lost a little bit of
cool points even to me, um,recently because of his behavior
.
But if we take, if we separatethe, the art from the artist, if
we're, if we're very uh, youknow how can I say it is certain
(40:32):
to do that or keen to do that?
Um, it's got to be elon.
I'm sorry, it's got to be elon.
The guy's got four companiesthat are worth over a billion.
Try to tell me he doesn't knowsomething about life and
business and the world.
Spending a day with him likehow he, how he thinks and
operates, how he goes throughlife, the boundaries that he
(40:54):
sets in terms of hisexpectations from other people
and how they should help him andhow he is, how they aid him and
facilitating him and createthat like just think how he must
think is just unbelievable.
Um, to get to that level, hasthere ever been a greater
entrepreneur?
The guy had a rich family but,yeah, he had some investment,
(41:15):
but he's not the richest manhe's ever lived or he's up there
and he's generated, you know, alarge part of it off his own
back just through reading,through taking unbelievable
risks and rolling the dice andand that part I admire.
Maybe not the artist, but I doadmire the art.
Dr Randeep (41:36):
Yeah, you're not the first person to say that on
this podcast and yeah, somepeople think he's the original
AI.
It might be the neural linkchip that he has in his brain as
well, who knows.
But yeah, it definitely gets alot done in the 24 hours that
everybody has.
Well, james, we're going towrap up.
Where can listeners connectwith you?
Dr James (41:58):
Yes.
So if anybody wants to find outmore about me
wwwdentistinvestcom, or ifyou're a Facebook user and you
are a dentist, then you're verywelcome to join the dentist who
invest facebook group, which isa real hub of activity.
Actually, there's probably likesix seven posts on there a day
from dentists just asking allsorts about finance, so
(42:20):
certainly they receive quite ahigh level of guidance or free
on there, which is really coolwhenever it comes to their money
.
We work hard to create it andmake sure that it's a fun
community, so certainly wewelcome anybody who sounds like
they would like to participateand that's free to join.
Feel free to connect with me onthere fantastic, james, thank
you.
Dr Randeep (42:40):
That was.
That was an awesomeconversation and lots of nuggets
and gems for for our listeners.
So, yeah, that's brilliant and,uh, thanks a lot for your time.
That's been amazing.
If you want to do different things versus an
average path through life, youknow that you can't take the
same actions, Even if theaverage did shift.
If you follow the mean, you'llalways be in the mean.
If you want to do these outlinethings, you're going to do
different things.
So I guess, whenever I findmyself in a situation where I
have an inclination to react acertain way or take a certain
(00:22):
course of action, that I oftenthink to myself but is that what
the majority of people would donow?
And if I reflect on myself andI think yes, they probably would
, then that is like a little redflag in my head.
Dr Randeep (00:36):
Today's guest, Dr James Martin, is the founder of
Dentists Who Invest, a thrivingonline community and education
platform dedicated to helpingdentists take control of their
finances and build long-termwealth.
After qualifying from LeedsUniversity Dental School in 2016
, James quickly developed a deepinterest in finance and
investing.
By 2021, he had transitionedout of clinical practice to
(00:59):
focus entirely on empoweringdentists through financial
literacy, community building andmindset.
He's also the founder of VidereFinancial Planning, a fixed-fee
wealth management firmcommitted to transparency and
ethical financial advice.
In today's conversation, we'llexplore how financial strategy,
mindset and smart systems cantransform the way dental
(01:22):
practices are run.
We'll talk about breaking thelink between time and money, the
rise of financial confidenceamong dentists, and how modern
financial tools can supportclearer decisions and better
outcomes, freeing up practiceowners to focus on what really
matters.
Welcome, James.
Thank you so much for having melooking forward to this.
James, what first drew you todentistry and how did your early
(01:45):
career unfold, and what was theturning point that led you to
leave clinical work in 2020?
Dr James (01:51):
Yeah, you know it's an interesting one, because what
drove me to dentistry was Ican't remember if I've ever told
this story or not publicly, butI'll share it today.
But basically my cousin was adentist and when I was like 16,
17, uh, you know, I put I alwayswanted to be a good student and
excel academically, I guess,and I got my GCSEs and then my
(02:15):
cousin basically came to see meand was like you should consider
being a dentist, because I'm adentist, and here's all the
reasons why I like it and Ithink it's great.
And I guess that that seed wasplanted at that point.
I always remember we had thiscareer teacher who came to see
us when we were 16 and he saidokay, guys, no wait, when we
(02:37):
were 17, because you apply whenyou're 18, right, when you're
doing your second, at the startof the second year of your
A-levels, right?
Yeah, that's how it works.
So, yeah, it must've been atthis, it must've been an AS
level.
And he was like right, guys,this is the start of the summer
before A2.
And he said okay, guys, you gotthe whole summer to decide on
(02:58):
this quite pivotal decision inyour life as to what you want to
do at university.
So just have a good time, havefun, but make it count, just
give it some thought.
And I always remember I wentaway from that whole summer and
I just didn't think about it atall.
And I came back and he was like, okay guys, well, if you want
(03:19):
to do medicine, you have to sendyour applications off, like now
, right, like they have to bedone before the end of September
because the deadline is October.
So I was like, okay, well, I'llgive this dentistry thing a
shot, it sounds pretty good.
And then I can't remember whatmy backup was.
I think my backup was chemicalengineering.
Um, so, yeah, that was how Icame to be a dentist and I, uh,
(03:42):
you know, on paper it wasn'tjust that, obviously, like on, I
thought it sounded quite good.
And then you mix science withpractical hand skills as well,
which sounded something fun tome at the time.
And then, yeah, I did dentistry, went into dentistry, didn't
really like enjoy it atuniversity, but I thought, ok,
(04:02):
cool, maybe when I I get outit'll be a bit different.
First year fd I wasn'tparticularly a fan off, but then
I started to actuallyunderstand it.
I just, I guess, just hadenough practice and um, now I
started to quite enjoy it.
Uh, um, would I say that I was,uh, you know, there were some
people and you could just seethat they were phenomenally
(04:24):
talented at it, like you know,like in their dexterity was just
off the chart.
I was probably.
Maybe I could have got therewith some perseverance.
I think that you can uh, butthere was definitely people who
were more naturally talented atthe hand side of things hand
skill side of things than me.
Um, and then what happened wasI always had this dual passion
of finance and investing, whichis basically inspired by.
(04:47):
Whenever I got, uh, out ofuniversity when I was in 2016, I
was like, right, we're in thebig bad world.
Now it's time to learn aboutthis stuff.
2016, 17, that was somethingthat I uh carried or nurtured
alongside learning aboutdentistry.
And then where things reallychanged for me was in 2020.
I started a Facebook groupcalled Dentistry Invest when I
had this hi, alongside learningabout dentistry.
And then where things reallychanged for me was in 2020.
I started a Facebook groupcalled Dentistry Invest when I
(05:08):
had this hiatus out of dentistrybecause I had surgery on my
knee and it basically all wentfrom there.
So there was never really apoint where I was like, right,
I'm going to drop this and dothis.
It was more a continuum or itwas more a series of events.
They say there's this sayingthat I really love luck is when
preparation meets opportunity.
Dr Randeep (05:25):
Yeah, I've heard that it's a classic one and it's
great.
It's kind of great what yousaid about.
You know you went into thefinancial side of things.
Did you see a gap there?
I mean, what problem were youmost driven to solve?
You know, when you startedDentist to Invest?
What was your kind of drivingforce behind that?
(05:46):
Because it seems to have hit anerve and, you know, kicked off.
You mentioned the Facebookgroup and that kind of rapidly
grew from that into a globalcommunity really.
So what do you think?
Was it timing or what drove you?
What drove you and what did yousee that was lacking?
Timing, or what drove you?
What drove you and what did yousee that was lacking?
Dr James (06:05):
You know what?
The first thing to acknowledgeis that I never actually really
put pen to paper and thought,right, where is there a niche
here?
Is there not?
Is there some sort of untappedreservoir of demand?
I basically started theFacebook group when I had some
time out and I thought, okay,cool, there's got to be, there's
(06:28):
got to be a group where Dennistalk about money and finance,
right, like that's just got toexist, like surely.
And I almost didn't start itbecause of that.
And then I did my research andI was like man, no one's
actually done this.
This is crazy.
I did learn about a year later,six to 12 months later, after I
started Dentistry Invest, thatthere is an American investing
(06:48):
page and it's called somethinglike Dental Investment Group or
something like that.
It was very American.
They talk about their 401ks andtheir Roth IRAs, I think
they're called, whereas we'vegot our ISAs and pensions.
So there was no UK version.
And, yeah, I didn't evenrealize at the time.
I just started.
It started making content andthen someone shared it on a big
(07:10):
dental forum and people startedto join.
And it was when it got quitesignificant numbers and
significant engagement prettyfast that I was like right.
There is something here,something that the audience is
telling me rather than mefiguring it out per se.
It was the level of interestthat it got that gave me that
feedback.
The world gave me that feedbackto indicate to me that there
was something here, more thanany sort of initial strategic
(07:33):
move or planning.
Dr Randeep (07:35):
James, how do you kind of keep the platform
engaging in an educational andempowering me?
What's your kind of modusoperandi on that?
How do you keep the communitygoing?
Dr James (07:48):
Great cue and the answer is it's a lot more effort
than it looks, because you haveto be very certain to let
people on there who are going touphold the values of the
platform and not just see it assome sort of opportunity to gain
(08:09):
a lot of clients or cash in.
So I'm always very certain to,first of all, I'll post content
on there regularly and I'll makesure that the people who are on
there get good answers to theirquestions.
I'll make sure sure that thefinanciers on there, the people
from the financial world onthere, are of a certain ilk in
that they're dental specialists,they're not just anybody and
(08:32):
I'll also make sure that theyare aware, guys, it's not really
the policy of the group or theculture of the group that you
can just be on there and flogyour services 24-7.
You have to actually givevaluable answers, like that's
how it works.
Everything has to be.
You have to give way more thanyou take and I think that, as
long as because I'm very certainto get to know everybody and
(08:56):
how can I say, keep an eye onthat.
That's why I believe it'sgrowing to the level that it has
and, interestingly, you knowwhat?
We're recording this in August2025.
This has been the biggest monthever in terms of engagement on
the Dentistry Invest Facebookgroup by way of posting, so I
think something's working, whichis great.
Dr Randeep (09:20):
Would you build it differently with the tech that's
available now around AI andthings like this?
I mean, how would you rebuildit if you could start today from
day?
Dr James (09:30):
one.
I have actually reflected onthis before and I think on the
whole there's probably not toomuch I would change.
Facebook has definitely changedover the last four or five
years.
Like, certain methods ofposting used to absolutely slap
back in the day and get reallygood engagement, whereas now not
as much.
(09:50):
You can physically see thealgorithm changing year on year.
What I would do now is one thingI have learned, and I know your
audience are tech enthusiasts.
I think the old school marketingtechniques of the early 2000s,
which are big ass email list anda really killer website, still
work really well to this day.
(10:11):
And the way I used to see thingsback in the day was I used to
see the Facebook group as themain hub of activity, whereas
now I see the email listprobably is the best way to
engage people and the Facebookis a means of getting people to
engage with.
The email list probably is thebest way to engage people and
the Facebook is a means ofgetting people to engage with
the email list.
So I kind of see it the otherway around.
(10:32):
Whereas I used to use the emaillist to drive traffic towards
the group, it's not so much thecase anymore, so that's where
things have moved around for me.
So if I was to start all overagain, I'd probably focus on
building a really big email listas the first and primary
objective and a killer website,which I just did not take
seriously until like 12, 18months ago, and I think I could
(10:54):
have done things much faster ifI would have known that at the
start.
But you live and learn.
These are the lessons that youpay for by way of experience and
time, so it's okay.
Dr Randeep (11:04):
Yeah, 100%, 100% agree with that.
And how?
How could AI personalizefinancial education for dentists
?
So what, what's your kind ofview on some of the AI tools and
how do you think that couldreally help for the dentist kind
of personally in their personalfinances and even kind of
practice finances?
Dr James (11:25):
If you're a UK dentist and you wish to add to your
verifiable CPD portfolio forthis learning cycle, it's worth
knowing that Dentist who Investhas over a thousand minutes of
free verifiable CPD on ourwebsite.
Just simply head over towwwdentnis2investcom and hit the
(11:46):
video slash CPD tab and you cango right ahead and help
yourself to as much CPD as youneed.
You'll also find a link thattakes you straight to the CPD
section of the Dennis whoInvests website in the podcast
description.
Yeah, so it's an interestingone.
So, as regards to how we'veintegrated it on the group,
(12:09):
here's a really cool thing thatwe use AI for Every one of my
well, not everyone, but a lot ofmy podcasts have CPD on them.
So we actually use AI togenerate the CPD.
Basically, we'll get the CPD towatch, to read the transcript
and say, hey, can you?
We've got all these prompts setup that we figured out.
One day we'll feed in theprompts.
So it's all done in astandardized way.
(12:29):
It will come up with thequestions, we'll approve the
questions and then we will usethat as cp, as a method of, uh,
the user being able to get cpdwhenever they listen to the
podcast.
They fill in like a littlequestionnaire.
Those are are AI generated, buthuman approved, so that's been
a really cool way that we cangenerate CPD at scale, basically
(12:50):
for all of my content, whichmeans that it's even more
valuable to listen to, which isincredible.
So that was quite a cool thing.
I think, as well as that, whereit can be used as well is to
create the templates for yourposts on Facebook.
I don't know if it's quite atthe level just yet where it can
replace a human being, but itcan definitely.
If it can give you like, thescaffold for a post, that will
(13:11):
help.
And then you where, the, where,the, where the skill comes in
of someone who's posted, youknow, uh, on social media fairly
regularly.
Uh, you kind of know just howto word things in a way to make
them interesting, I guess, or atleast, or at least, or at least
maybe you don't, you can neverpredict it a hundred percent,
but you have an inkling, likeyou have an intuition there, and
AI just can't quite do thatjust yet.
(13:32):
So I definitely think thatdental practices out there
should be leveraging that fortheir social media and content.
Like, why the heck would younot?
Basically, so that's cool, Imean in our financial planning
firm that we talked about just asecond ago.
One really cool way that we'reusing it is to actually help us
with the financial plans.
So what someone will be able todo is input their data into a
(13:56):
sheet standardized sheet and sayhere's how much money I have.
Here's my goals, here's myobjectives.
What's the most efficient wayto achieve this?
I have.
Here's my goals, here's myobjectives.
What's the most efficient wayto achieve this?
And whereas once upon a time youcould do planning to a degree,
with software, it's a lot morefluid now.
There's a lot more ways thatyou can adapt that to the
specific needs of what someonewants, because you're literally
just talking to a person stillneeds a human to sign it off,
(14:18):
like you've got to make sureit's correct.
But that's what's out there,and there's a lot of firms that
are still stuck in the 90s andearly 2000s because of
bureaucracy and because oflayers of management that just
don't have the agility to beable to implement that stuff.
So I really think that ai isman.
That is like the next.
How can I say this?
It's the next.
(14:38):
It's like what crypto was inthe mid 2000s.
It's like what the internet wasin the early 2000s.
It's the next revolution.
It's happening.
We've got to make the most ofit.
And the thing that blows mymind about ai is it's a thing
that humans create it like weliterally created it, right, but
we still don't fully understandit, like we still don't fully
understand all its applications.
That, to me, is just nuts, andthat is yeah.
(14:59):
It's like the two ways you canlook at it.
You can be like that's slightlyunnerving, or you could be like
right, well, it's happening.
Dr Randeep (15:06):
I might as well embrace it and there is some
sort of opportunity here yeah, Ithink we're at a very nascent
stage so that there's a lothappening at the moment in ai.
As you know, there's lots ofnoise around there as well, so
it's really interesting to kindof have that clarity that you
you see people actually use thissuccessfully for kind of their
personal finances.
And have you had kind of manypeople come into you kind of in
(15:30):
terms of their practice financesand seeing how this could help
them structure things forpractices?
And it would be interesting toget your take on how you see
this technology kind ofdisrupting things in either
leveling the playing field Doyou think it would help
operators to compete with maybesome of the larger corporates
out there?
How do you see it leveling ordisrupting the playing field out
(15:53):
there from kind of a financialpoint of view?
Dr James (15:55):
Well, you know what I mean.
I feel like it's crazy.
I mean this is probably gettinga little bit.
Yeah, there's going to beapplications in financial
planning and wealth management,and those will be possible for
dental practices and dentists,of course.
So more along the lines of justmaking sure that whatever
financial plan we create forthem, well, it's that much more
(16:19):
bespoke and every considerationis there, and all the T's across
and the I's are dollars, so Ican definitely see it supplement
in the advising the financialplanner.
More so on the business side ofthings.
I mean, it blows my mind in 2025, there's loads of practices out
there that don't have a CRM.
There's just so many.
Like that gives so much timewhen you know how to use it
properly, right, and I'm sureyou've talked about this and I'm
(16:42):
sure that perhaps even yoursoftware does this, randy.
But I mean some of the amazingstuff that you see nowadays is
where it plugs into your phonesystem.
It drafts up the email thatyou're going to send to the
person afterwards as you'retalking.
Based off the conversation, itrates you in terms of your
politeness and behavior on thecall, which I guess that is
(17:07):
useful, and people have to justget used to getting feedback
from a machine, right, becauseit's literally just there to
help you.
That really is the future.
The future has officiallyarrived at that stage.
So those are some of the thingsthat I've seen, and yeah, let
me think what else.
I mean.
Those would be certainly theones, the applications that I've
(17:28):
seen, that spring to mind, thatI'm just like wow, and these
are just the ones that peoplehave thought of now, like AI.
When did ChatGPT come out?
2022?
, 2022.
Dr Randeep (17:40):
They all blew up around then yeah, yeah was it
around 22?
Dr James (17:44):
2022.
Yeah, I just I remember that.
I remember everybody talked, Iremember it launched, right, and
then it just went viral, didn'tit?
Because everybody just sharedit with each other, right?
It just that week, okay, thatwas like, wow, a computer can
actually do this.
Uh, this is nuts, um.
So, yeah, those are theapplications.
(18:04):
We're still.
It's still young, like there'sstill, it's it's like the next
gold rush, right, like it's.
It's like america, it's likethe america is being discovered
again.
Like this is land ofopportunity.
Yeah, and we gotta, we gotta.
When we look at these things,you know everything, even like
coronavirus.
Very sad, what happened.
It was terrible.
(18:24):
No one would have wished forcoronavirus, but any disruption,
any disruption, categoricallyis an opportunity.
Like that's literally what itis right.
You just got to see it that way.
Too many of us look back in therearview mirror and think, oh
shit, that was a chance.
We had an.
We had a chance right there todo something right.
You know what I mean, butthat's literally how it feels at
the time.
You just got to reframe yourbrain to see it that way.
(18:46):
And whether that mean thatyou're rolling your sleeves up,
creating some sort of ai tool,getting involved, if you're
really going to go whole turkey,like you're going to go all in,
or you're just embracing it byway of your down practice to
make it run smoother, make itmuch more efficient, to make it
more profitable, so you don'thave to graft as hard every day,
so that it kind of works foryou a little bit more.
Dr Randeep (19:06):
There's got to be something somewhere there, but
that only starts with beingwilling to embrace it it's, it's
embracing it, and what wouldyou, what advice would you have
to people who maybe are kind ofa little bit, you know, on the
fence or they don't quiteunderstand it?
Um, they maybe want to get intoit, but but they're just not
sure.
What would your advice be tothem?
How could they start on thisjourney of kind of AI and
(19:29):
personal and financial planning?
What would your advice be tothem?
You?
Dr James (19:34):
know that's a good question.
The first thing to acknowledgeis I am probably just one step
beyond those sorts of people,because I'm not I've
investigated it to a cursorylevel.
Do I know as much as someonelike you?
Absolutely not, uh.
So what I would say is go tryout chat gpt if you haven't
already uh, because there'sstill a lot of people who sit in
(19:55):
that camp and and then what Iwould then do after that?
If you've already tried that outand you're maybe thinking
yourself, right, okay, cool,this is cool, but I don't
immediately see how it's goingto help me, maybe just have a
real think about the stuff thatyou're doing on a day-to-day
basis which AI can help you withor make much faster.
(20:16):
If you kind of reduce it to aseries of prompts or you reduce
it to a series of consistentways that you can feedback, you
can, you can input it into chatgpt and chat gpt will be able to
help you, because that's whenall the good stuff happens.
It basically does all thethinking for you, or it can be a
lot of the thinking for you,right?
Even write down and generate mea shopping list, like, make me
(20:37):
a shopping list.
You know you can write that andit'll give you like a list of
four things that you want.
Um, yeah, just anytime you findyourself thinking about
something, a lot, maybe justtrain your brain to think to
yourself right, how can I get achat GPT involved in this?
And that's when all the goodstuff happens.
That's when the doors start toopen, if you ask me.
And when I had that unlock formyself, that really helped
(21:00):
because all of a sudden I wasn'ttrying to just come up with
everything on my own.
I think I think it's.
I think it's glamorized in lifethat we have to be the sole
person who comes up with all theideas for our own life.
But really great book.
Have you ever read it?
Called who, not how, you likethat book?
Is it on that bookshelf behindme?
yeah, it's one of them at theback there in my collection well
(21:21):
, yeah, basically who, not how,and I've definitely said this a
hundred times in my podcast, butI'm going to say it again
because it's such a great bookbasically who, not how.
The whole premise of the bookis if you want to figure out how
to do something right, stopsaying how can I do this and
start saying who can help me dothis, because I swear you'll get
much better results, muchfaster, much easier, and you
(21:41):
won't have to.
That doesn't look like hiringsomeone necessarily.
That just looks like askingthem right.
And even though that's such asimple lesson, it's not a binary
thing do we ask people to helpus or do we not ask people to
help us?
It's more of a continuum.
It's how well do we do it?
And you know, the day I startedthinking like that a lot more,
that just got way easier.
It stopped being such astruggle to a point to.
(22:04):
To a point now where if I havean obstacle or something I need
to overcome right and I um feellike it is, I'm thinking about
it and it's taking me a lot oftime and effort my brain is
literally conditioned to thinknow there must be an easier way
there, there must be right likethis is too, this feels too hard
, right?
So then I think, right, okay,cool, who can I ask?
(22:25):
And obviously, one person in away that you can ask is chat gbt
right on ai, and I bet there'smillions of other ais out there,
but I'm I'm very much entrylevel, uh, ai knowledge I'm
hearing that a lot, james, thatyeah, people are using this as a
co-pilot and it's not kind ofit does the thinking for you,
but it, yeah, definitely speedsthings up.
Dr Randeep (22:47):
Even if you want to just kind of run ideas could
speed things up with you can dosomething within like a in a
couple of minutes that wouldhave taken hours, hours or weeks
before.
So you know, I definitelysecond laid, it's definitely
co-pilot and that's how I gotinto it, just trial and error
and trying ChatGPT for kind ofdaily tasks and then just saw
(23:07):
the power of it.
So in terms of DWI, tell me alittle bit about your vision.
How would you like DWI to havechanged the profession, say, you
know, in five, 10 years time?
What's your kind of long-termvision for that?
Dr James (23:23):
I definitely think that I would like to ensure that
the forum uh for those whodon't know, who might be
listening to the podcast whereit originated from as a facebook
group which eventually became aforum that people engage on and
ask questions whenever it comesto finance.
So I I'd probably like to justensure that that whenever it
comes to finance.
So I'd probably like to justensure that that stays the way
(23:45):
it is in terms of itscredibility and engagement and
rapport.
I'd love to grow it.
I'd love it to be the biggestFacebook group in the UK why not
?
But that's just the kind ofentrepreneur, the visionary in
me I guess that, just, itdoesn't have to, if you think,
if you take a step back from it,even if it stayed where it is,
I'd be pretty happy with that.
What I would like to do is growother communities.
(24:08):
I would like to take that modelto other communities and expand
that, because I think that itwould work really well and I
think that they're stillunderserved.
There's an opportunity forsomeone right?
I've even said it on thispodcast, I've publicly
broadcasted it right, there'sthere's still not forums for
doctors, right?
Uh?
And pharmacists and stuff wherethey can do the same.
Why the heck would there not beright?
(24:29):
Um, so that's one thing I'dlove to do, I think, uh, seeing
dentists who invest a lot moreas a uh, a media company or an
open source for financialinformation, not just with what
we do with the dare, with thefinancial planning from
mentioned just a second ago, butwith every niche and ensuring
that people will go therewhenever they want to learn
(24:52):
about any topic related tofinance, like indemnity, like
accountants, like whatever rightanything under the sun.
And then what that would mean isthat the offering is expanded
and, yeah, just growing ourfinancial plan for them to be
(25:12):
the best that it can possiblyflip them be.
And I feel like when we do that, then it will grow by itself.
It will grow and expand.
It will grow and expand as abusiness, as an operation,
without us even necessarilyreally marketing it per se,
which is the sweet spot just byword of mouth, but you only can
do that whenever you know thatthe product is killer.
So, yeah, it's just continuingto deliver on that front, and if
we do all those things in thenext five years, yeah, man, I'll
(25:33):
be happy.
I like the train that I'm on,man, I just want to keep going
on that train.
Dr Randeep (25:39):
That's a great vision.
I always say you say why notthink big?
Why not think big?
It takes the same amount ofenergy to think big than to
think small.
So yeah, I definitely secondthat.
And it's a great, greatphilosophy to have, james, one
practical step you could givedentists.
I mean, if you could just giveone step that they could take
(26:00):
away and put into practice thisweek towards financial freedom.
What would that first step be?
Dr James (26:07):
Okay, I got this is.
This is really simple.
Okay, but this is this is.
I think that it's reallyprofound.
At the same time, I feel that alot of us are conditioned to
think about money in a certainway that is not even necessarily
(26:28):
that accurate whenever you putit under a microscope.
Have you ever read that book,the Psychology of Money by
Morgan Haisel?
Dr Randeep (26:35):
Yeah, I've got the audio book yeah, with the kids
now.
So audio books rather than realbooks.
Dr James (26:42):
Oh right, yeah me, call me a old school, call me a
grandpa, right, but I always buythe book.
I just like the books, andthere's this satisfaction.
Put the book on the shelf andyou can like look at it yeah,
you retain a lot more, I think,when you read maybe.
yeah, I don't even you know what.
I don't even know if you do ornot.
I honestly don't.
I just love having the bookright and maybe that's something
(27:02):
I need to look Like how do Iget the info in my head the best
?
Is it a book, is it somethingelse?
But I need to get over my loveof books and having them in the
first place, but anyway.
So if someone takes my booksoff and bookshelf really annoys
me, like especially if they'regone, like if I find that
there's one missing, even I justneed to know that it's there.
There's like some sort ofhoarder, I don't know
(27:23):
inclination in there somewhere.
But anyway, to answer yourquestion, great book, love that
book.
And basically he explores howpeople's mindset towards money
is influenced by your parents alot, and they're looking out for
us and they're trying toinfluence us to do the right
(27:44):
things.
But are they necessarily thebest things for our age and
generation?
That's what you really got tohave a healthy I'm not saying
they're not, but you've got tohave a healthy skepticism for it
.
And you've got to ask your ownquestions, right.
So I'll give an example, right,property is still very popular
to this day and don't get mewrong.
There's some people who makemillions from properties, but
the heyday of property was backin the 80s, right, whenever
(28:10):
taxes were not what they are nowon it, and the property market
was booming and doing reallywell, whereas nowadays the UK
government, how they'vestructured things tax-wise and
accounts-wise, is a lot more infavor of vices and pensions and
everything along those lines.
You can't put property in anISA.
You can put commercial propertyin a SIP.
Sometimes, not always, but it'snot as easy to do.
(28:33):
It's not as easy to do assimply just buying some sort of
fund or whatever.
And actually, if you look atthe data objectively, you'll
actually find that worldequities outperform all these
other asset classes, but mostpeople don't know about them,
right?
So that's an example, okay.
So I was reading the other daythat 95 of people in the uk
don't have an isa.
Like that's the level thatwe're at.
And then of the dentists aremuch better.
(28:55):
I think it's more like 50 50from from having conversations
with them.
Every time someone's told meabout their eyes, I look over
the phone or something.
It's probably like 98% of thetime.
There's usually something torefine in there.
There's always something tomake better.
But yeah, anyway, back to what Iwas saying, I would say, if I
have one piece of advice, Iwould say realize that
(29:17):
understanding money is not aboutbeing greedy, it's not all
these connotations that we havein our head that are negative.
It's not in any way, in any way,anything other than trying to
better yourself and trying tounderstand the single greatest
thing that would give you backyour time to do whatever the
hell you want in life, and thesecond that you have, that you
have freedom.
(29:37):
That's really what it means,and it's to have a healthy
skepticism about what everyonetells you, even those people
that we hold in high regards incertain areas of our life,
because you know, whilst it maybe well-meaning advice and
whilst it may have worked forthem in their generation, will
it necessarily work for us inour generation just because it
(30:01):
worked back then?
Who knows?
Is the answer.
Let's have a healthy skepticism, let's educate ourselves.
When we're educated, we makebetter decisions, we make better
outcomes, and when you educateyourself on money and finance,
the literal main objective is toget your time back and live
your life.
So to me, that's the mostimportant thing that we should
prioritize, not because of anyother reason, just because it
then gives us the ability tolive our life on our terms.
Dr Randeep (30:23):
Yeah, I think it's always good to ask questions.
You can't go wrong with askingtoo many questions and yet
critical thinking and having ahealthy skepticism In terms of
AI.
Could you think of one way AIcould automate a part of a
dentist's business or finances?
I mean, if you could pick justone area for them to focus on
(30:43):
where they could leverage ai toautomate either their personal
finances or business finances,from your kind of background,
where would you ask them tofocus on?
Dr James (30:54):
okay, you know what?
I saw this really cool thingthe other day and it was a ai
tax calculator.
So it's like, okay, cool, we.
You input all your data andthen it tells you all your
potential tax deductibleexpenses based on your
profession.
So you type in dentists and itjust comes up with them and it
(31:15):
keeps a track on how much you'reearning every month.
It gives you suggestions forthings that you can do should
you want to increase yourearnings, and also gives you
suggestions for who you mightspeak to whenever it comes to
your investment strategy, basedon having, based on having a
conversation with you and basedon having, uh, understanding
your objective.
So I thought that was freakingcool, uh.
So, yeah, watch this space,because I think I'm going to be
(31:39):
releasing something along thoselines pretty soon, and I think
to me, that's the very firstthing a dentist can do to get a
real grip on their finances andunderstand what's out there, and
that's all AI driven.
So there we are.
Dr Randeep (31:51):
No, definitely, I think it's a lot of it.
It's about how much, how youcan structure things, and not so
much how much money you earn oryour income, but how much.
How much you can keepessentially, after everything,
everything's said and doneincome, but how much, how much
you can keep essentially aftereverything, everything said and
done.
You touched on books.
I mean towards the end of thepodcast I always like to do like
a little quick fire lightninground then just to get more into
kind of your, your mindsetbehind things.
(32:12):
You mentioned a couple of books.
One of the questions actuallywas I mean, is there, is there
one book in particular that'sreally rewired how you see the
world?
I mean, out of all the onesyou've read or you've got, which
one would you really oh man,I'm so spoilt for choice right
now.
Dr James (32:27):
I do you know?
Do you know what is one book?
I think about the lessons fromthis book literally every day.
Uh, it's called the almanac bynaval rabicant okay, yeah, yeah,
I've heard of it.
Dr Randeep (32:38):
I haven't read that one, but I've heard of it what
this book is.
Dr James (32:41):
This guy is like a modern day sage, like he's like
a billionaire and he just thinksso profoundly.
What the book basically is is acollection of his tweets, his
best tweets.
That's all it is, and they'reall.
They're all organized intocategories and it'll be like
health relationships, finance,business, stuff like that.
(33:01):
Right, and there's two lessonsin there.
There's a lesson on how hedescribes leverage, which is the
fundamental principle of how toget more out of each and every
hour.
We all have the same amount oftime on earth.
It's just that some of us havefigured out how to get more out
of it.
Right, like an ai is a toolthat helps you do that as well,
incidentally, um, so there's alesson in there on leverage and
a lesson on there on thedifferent types of luck and how
(33:23):
you can maximize your odds ofhaving lucky.
Inverted commas, things happento you that I just thought was
awesome, and I just think aboutall the time, uh, how I can
(33:47):
implement things into my life touh, welcome, uh, more of those
concepts and welcome, welcomethose, yeah, to allow those
things to help me.
Basically, yeah, great book,really great book.
I think that that the reason Ilike that book is because it's
more on general wisdom in lifeand general things, that this
guy's used to become abillionaire and a philanthropist
and all this amazing stuff overthe years.
Dr Randeep (34:03):
So, yeah, great book fantastic, and one habit that
powers your progress behind thescenes.
I mean, what's one thing thatyou do every day, which which
you, which is indispensable tokind of your productivity, and
how, how you go about um dwi andthe rest, the rest of your
businesses it's got to be this,it's got to be this.
Dr James (34:23):
I always think to myself here's something that
often goes through my head andit's like okay, cool.
The first thing is to figureout what you want from life.
Right, so I want to havemassive impact and build all
these really cool things andleave some sort of legacy that's
unique, and I know that that ismore important to me than
(34:45):
anything else.
Right, because I can look backwhen I'm a certain age and be
like, yeah, well, whetherwhether I achieved what I wanted
to achieve or I didn't, Iworked so damn hard like I
literally left everything on adance floor.
You know what I mean?
I, I gave it my all.
Uh.
So what I would say is if youwant to do different things
versus an average path throughlife, you know that you can't
(35:08):
take the same actions.
It's just by definition.
Even if the average did shift,if you follow the mean, you'll
always be in the mean.
If you want to do these outlinethings, you've got to do
different things.
So I guess, whenever I findmyself in a situation where I
have an inclination to react acertain way or take a certain
(35:30):
course of action, that I oftenthink to myself.
Hmm, but is that what themajority of people would do now?
And if I reflect on myself andI think yes, they probably would
then that is like a little redflag in my head and I'm like
right.
So actually, if I want to seethe high level 4D chess move
(35:50):
play here, I know that it can'tbe that by default.
I'm not saying that I'll alwayscome up with a better way but it
makes me pause.
And the number of times that Ipause and then I think of
something, maybe even like 30minutes later, and I'm just like
right, that is the play.
That is a much better play.
The number of times I save myass and and generated
opportunities for me, it'samazing.
(36:11):
So I would say I would say, tojust summarize, that when you
find yourself about to take anaction that you believe is the
action that most people wouldtake in that situation whether
that's like you're tired, we'vegot work to do, so go to bed
like that would probably be whatmost people do or just get that
little bit of extra juice outand get it done um, even though
(36:32):
that's the harder path isprobably the best thing for you.
Dr Randeep (36:35):
So, yeah, that is a really cool lesson and that
that's helped me a lot I lovethat philosophy, I think, is
that there's something to besaid about being a contrarian
and, um, yeah, so that thatthat's a great piece of advice
there.
And what?
What startup advice do yousecretly disagree with?
This is a bit of a strangeanswer.
It's kind of like inverting it.
(36:56):
So I mean, when you're startingsomething, you've done a
startup what advice would youdisagree with?
Dr James (37:03):
I'm actually so glad you're asking this because I was
thinking about this today.
Do you know, one of my leastfavorite things that people say
of all time If it sounds toogood to be true, it probably is
I hate that man.
I literally think that's lame,right, because you're you're,
you're assuming that, you'reassuming that you can, you have
all the information to make thatdecision up to this point,
(37:25):
right?
But the reality is that if younever put yourself out there and
have those experiences, you'reunable to say whether or not
that's a good opportunity,because you have no idea how
it's going to pan out.
Yeah, so actually that logicjust keeps you where you are.
Don't get me wrong, like,there's times where it will help
you as well.
So I really hate that saying.
I think entrepreneurship is agame of shifting your beliefs.
(37:46):
I think entrepreneurship is abig old game of just being able
to question yourself and whatyou think is right.
The number of times I've been,I thought things were a certain
way in my head and someone hassaid something to me like oh,
you know, you can just do this,don't you?
And it would be so easy to justbe like that's not true, or
think you know everything or bea bit arrogant about things
because you've been doing it forlike 10 years or whatever right
(38:09):
, I've always found if you canjust not listen to that little
voice and be willing to learnfrom everyone the number of
unlocks that I've had throughthat mindset, a number of things
that I've had happen to mewhere I was like, right, maybe
that person was right, or Ididn't have that quite that
quite right.
Um, even when they were thingsthat, on the face of it, just
(38:29):
looked too good to be true.
If you have that attitude toeverything, then even when the
real opportunities come along aswell, you're going to be
skeptical about them, right?
The reality is you have to falland stumble to learn how to
walk right, and you've got towalk before you can run.
So the only way you can do thatis just to accept that you're
going to.
If you're skeptical abouteverything, you'll never learn
(38:51):
those lessons yeah, well, that'sa great one.
Dr Randeep (38:54):
Which tech tool can you not live without right now?
If you could choose one pieceof technology, uh, that you just
find indispensable to you dayto day, I'm gonna say I'm gonna
say a really solid crm.
Dr James (39:09):
That's what I'm going to say, even though that's
pretty basic, basically likethat's, everyone should have
that.
There's still so many dentiststhat don't have that Customer
relation management software.
The amount of time that thathas saved me over the years
through like organizing it andcreating little automations and
stuff is just nuts.
(39:29):
I feel like every practiceshould have that.
I feel like that will save alot of money and time and
probably boost profitability forvirtually every business on
this earth.
Dr Randeep (39:38):
But yeah, watch this space.
Watch this space because that'ssomething that we're actively
working on.
I think AI is going to pluginto that very, very nicely, and
it already has with a lot ofindustries.
I find that dentistry we'reslightly behind the curve with
these things, so it'd be nice tosee how that implements and how
we can make a big impact to thedental industry with this
(40:00):
technology.
Finally, james, whichentrepreneur, dead or alive,
would you shadow for a day andwhy I'm going to say this right
now.
Dr James (40:11):
Now, and I know not everyone is his fan and I can
understand why, and I probablyhe probably lost a little bit of
cool points even to me, um,recently because of his behavior
.
But if we take, if we separatethe, the art from the artist, if
we're, if we're very uh, youknow how can I say it is certain
(40:32):
to do that or keen to do that?
Um, it's got to be elon.
I'm sorry, it's got to be elon.
The guy's got four companiesthat are worth over a billion.
Try to tell me he doesn't knowsomething about life and
business and the world.
Spending a day with him likehow he, how he thinks and
operates, how he goes throughlife, the boundaries that he
(40:54):
sets in terms of hisexpectations from other people
and how they should help him andhow he is, how they aid him and
facilitating him and createthat like just think how he must
think is just unbelievable.
Um, to get to that level, hasthere ever been a greater
entrepreneur?
The guy had a rich family but,yeah, he had some investment,
(41:15):
but he's not the richest manhe's ever lived or he's up there
and he's generated, you know, alarge part of it off his own
back just through reading,through taking unbelievable
risks and rolling the dice andand that part I admire.
Maybe not the artist, but I doadmire the art.
Dr Randeep (41:36):
Yeah, you're not the first person to say that on
this podcast and yeah, somepeople think he's the original
AI.
It might be the neural linkchip that he has in his brain as
well, who knows.
But yeah, it definitely gets alot done in the 24 hours that
everybody has.
Well, james, we're going towrap up.
Where can listeners connectwith you?
Dr James (41:58):
Yes.
So if anybody wants to find outmore about me
wwwdentistinvestcom, or ifyou're a Facebook user and you
are a dentist, then you're verywelcome to join the dentist who
invest facebook group, which isa real hub of activity.
Actually, there's probably likesix seven posts on there a day
from dentists just asking allsorts about finance, so
(42:20):
certainly they receive quite ahigh level of guidance or free
on there, which is really coolwhenever it comes to their money
.
We work hard to create it andmake sure that it's a fun
community, so certainly wewelcome anybody who sounds like
they would like to participateand that's free to join.
Feel free to connect with me onthere fantastic, james, thank
you.
Dr Randeep (42:40):
That was.
That was an awesomeconversation and lots of nuggets
and gems for for our listeners.
So, yeah, that's brilliant and,uh, thanks a lot for your time.
That's been amazing.
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