Help Me Help My Dad

SUP3RNOVA

SUP3RNOVA

Goober Gay
Mar 5, 2007
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I'll be as brief as possible :

My dad is a dentist and owned a practice for 30 years that did great, then the economy went to shit in our area and he sold the practice. Took a year off from working and then started looking for jobs...which he found to be harder than he thought. Now he works in a hick town 5 hours from my family and commutes back home every weekend which blows. He's making ~$10k/month there but with his debt/mortgage/apartment/bills he's still losing money.

I just feel terrible that he has to struggle being away from his family (that one is really killing him) in a boring ass town all to not even break even. The problem is I've tried to get him into IM before and it just didn't work out, it's not his generation and he's a doctor not a marketer. Is there any way you think he can either utilize his dental knowledge/skills in another way, or just something he could do on his own back home?

No, I don't have the time to set up his own teeth whitening offer, this has to be something he can mostly do on his own. One thing I thought of that I could help him with is setting up some kind of blog for dental students...he has a lot of experience and is well respected and I think he could write something worth reading. Only problem there is how much money can you really make running a blog targeted at only dental students/dentists?

Ideas are sincerely appreciated.
 


Easy. Partner up with him. Sell an ebook to dentists on how to better manage their money and save for retirement. He can provide the content and you promote it for him. He can use his own personal story of having a successful practice "for 30 years that did great" and how he mismanaged his money and is now struggling to pay the bills. He can just outline what he did, and then the idea of the book is to basically do the opposite. You'll sell tons.
 
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SUP3RNOVA said:
he's a doctor not a marketer.
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Everyone's a marketer. We sell ideas. Tell him to improve his selling skills. Then, create a membership site targeted at dentists. Show dentists how to improve their practices. Test price points. Test copy. Test traffic sources.

He has experience in the field. That's a great selling point to get started.


EDIT: Here are a couple of examples:

thewealthydentist.com
thewealthydentistuniversity.com

Disclaimer: these may be shams. Buyer beware.
 
Godspeed said:
Payoff his debt and open new practice for him. Spend some more on marketing. He will pay you back, if he hasn't already as being your Dad.
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^ This. Also, he could write a blog targeting would-be immigrant dentists and hygienists (foreign trained) about the dental industry and to succeed in it. Much better demo than students IMO.
 
Sounds like someone needs to downsize. 10k a month is a lot of money for someone to still be miserable.

Americans usually raise their standard of living up to (and beyond) their latest paychecks.

Even if he wanted to downsize, he probably wouldn't get nearly what his house is worth now. :(
 
dsiomtw said:
He can use his own personal story of having a successful practice "for 30 years that did great" and how he mismanaged his money and is now struggling to pay the bills.
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Like I said, the economy here (like most places) went to shit, and the first thing people drop is dental coverage. His practice was successful (had 3 offices that he ran himself at it's peak), he owns a $300,000 home, has put 3 kids through college and has 1 more on the way. The economy busted, he sold his practice, and nobody needs a dentist now because they don't give a shit about their teeth. You're honestly a fucking arrogant idiot if you don't think the economic condition has put good people out of jobs.

Thanks for throwing a pointless insult out there though, nice to see you're a good person.
 
ChrisS said:
Sounds like someone needs to downsize. 10k a month is a lot of money for someone to still be miserable.

Americans usually raise their standard of living up to (and beyond) their latest paychecks.

Even if he wanted to downsize, he probably wouldn't get nearly what his house is worth now. :(
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My family has been trying to convince him to downsize, but he argues that the mortgage on his house will be paid in 2 years and he'll get waaay undervalued when he tries to actually sell. I still think it's a better option for him to consider and move on.
 
Godspeed said:
Payoff his debt and open new practice for him. Spend some more on marketing. He will pay you back, if he hasn't already as being your Dad.
Click to expand...

I have too much of my own assets invested into a couple businesses, if I could afford to do that I would do it tomorrow.
 
I thought you were a super/uber affiliate who has millions in the Bank.
Who could have helped
1) Monetarily
And/or
2) Help him with lots of leads.


But since you asked, here are a couple ideas that comes to my mind.
Dental Blog should just be a Hobby. But it will take time to get to even 5K a month level. You know better. You run a Blog for e-decades now.

How about starting a practice again, targeting customers without dental insurance?
people just don't go see a dentist becoz they no longer have insurance, not because they don't need to. Maybe not the cosmetic types. Maybe they won't come for braces and whitening, but I am sure they would still need a root canal. They would still need fillings, they would still need to extract a bad guy inside their mouth. You sure know how to run a local lead gen campaign. Maybe he can mail out to his ex patients. (maybe not since his old practice is owned by someone else)

I have a couple niche sites on the Dental Niche. Does pretty well. But a BLOG may not be the right way.
 
SUP3RNOVA said:
He's making ~$10k/month there but with his debt/mortgage/apartment/bills he's still losing money.
.
Click to expand...

You're dad sucks at managing money. Give him a book about it.


Start a dental office and run the ad campaign for him. Make a lot more than 10k/month.
 
i literally laugh out loud when i think of all the people in over their heads on mortgages and debt like this and are going to be fucked when rates rise.
 
what's his debt? all the student loans... here is an idea most kids have their own loans.. he should transfer the loans to you and your siblings

300k mortgage is about 2k... from what it sounds like you live in the middle of no where so an apt is what 500?....

so what is he doing with the 7500?

this is the most ridiculous problem... he makes 120k thats 85% more then everyone in the united states....

the problem is that he pays his kids car insurance, college bills, cell phones, etc... you kids need to take some responsibilities on
 
If he is in the top 10% of all US household income levels and is still in the red then the first thing you need to do (before showing him how to make money online) is cut the fat out and unnecessary expenses.

I know most dental offices have been hurting the last few years (my wife works for 2 offices and is experiencing the same thing) Before your dad sold his office did you try running any local campaigns via Facebook/PPC to boost new patients?
 
He's your dad, do whatever it takes. If you lose some money/assets, you lose some money/assets.

However, he had a successful practice for 30 years, and is still in debt and shit? Even though he has a 10k/month job? Sounds like he can't manage money worth a damn.
 
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