Here's the plan for you:

 

1. Set up our teaching program in your office. It's NOT that difficult, remember, "If it's been done before...." Your office staff will LOVE to teach the program, it's FUN for them to be in the "teacher" role. And with the low overhead, you can afford to pay them $200 a day to do it. See if that gets their attention! 2. Arrange to sell your practice for CASH UP FRONT (as I did), DO NOT agree to finance the sale of your practice. Or, if you still want to be the Grand Poobah of your practice, hire an associate to take the load off you. Make him or her come into the practice with real buy-in incentives. If you sell, have the buyer agree to a stipulation that you can continue to teach your school in the office on Saturdays for X number of years for a small percentage of the tuition. It's money in their pocket for doing NOTHING, a win-win. You may even wish to work in the practice one day a week and take a month or two off. As I am writing this, I am off from practicing my one day a week from Thanksgiving until January. We're going to Disney World (just kidding, my wife would kill me!).

3. Now sit back, work your one day a week for the other dentist who now has all the headaches. Teach your school and produce $125,000 a year doing it (that's what we did this year with hardly trying). Even if you teach EVERY class (I never have), YOU'RE ONLY WORKING 30 DAYS A YEAR!
How simple is that? Can it be done? I'M DOING IT RIGHT NOW! I'm not even touching my 7 figure nest egg (my kids are licking their chops!). So let's do the numbers again:
{ You work for the other dentist, say 2-4 days a month (am I overworking you yet?) at a conservative $600 per diem (my daily commission on production is more than that).
{ You teach your school, working 2 days per session, doing three sessions per year. That's 6 days of work, your assistants teach the rest.

Are You Ready For the Bottom Line on This?

You therefore NET: $28,800 from dentistry and $100,000 from your teaching business, per year and so you're: Netting $128,000 for Working 54 Days a Year!

Isn't that a nice retirement residual to live on? You would need $3.2 MILLION IN THE BANK at today's 4% CD rate to equal that income. But wait, it gets better. Let's just say, for the sake of argument, you're tired of practicing dentistry and don't want to practice at all. Your NET income is now: