Orthotown March 2020 - 8

embrace progress

A Look at Leverage 
by Dan Grob, DDS, MS, editorial director, Orthotown magazine

These days, it's not difficult
to find discussions regarding
the burden of student loans or
the hope of loan forgiveness.
In fact, the topic is one of the
most popular on the Orthotown
message boards.
Sometimes, the conversation centers on outright debt
and loans, and other times
loans are just the foundation to
a question regarding the value
of an orthodontic education.
Either way, dealing with loans
is not unique to our profession,
because they affect nearly everyone who attends an institution
of higher learning.
Years ago, a group of my
friends and I gathered in Las
Vegas to act like-you know,
guys in Vegas. But we also had
a discussion about our chosen
professions and reflected the diversity of our
group. We were dentists, educators, lawyers
and artists, all trying to figure out the "secret
sauce" that allowed for individuals of varying
backgrounds and educations to succeed. Of
course, there were a lot of personal digs and
references to family, ethnic backgrounds
(you could do that back then), personality
traits and moral compasses.
However, the key ingredient to success
was a concept brought up by the person who
had the most credits in undergraduate school
but still lacked a degree. Somehow, Ted was
proud of that! You see, he had started from

8

nothing and now, at this stage in life, had
pretty much everything and basically never
used his own money.
He always said what he liked about his
career was that it did not depend on a oneto-one relationship with time and money;
it was leverage. Or, put another way: using
money (or anything else, for that matter)
to its maximum advantage.
That's what many of you think I'm going
to write about. Leverage goes deeper than
the infomercial offering to show you how to
own beachfront property and a Bentley, all
by flipping, bottom-fishing and tearing the

hearts out of widows and orphans. Some of
you are proudly pointing to your low debtto-equity ratio, your paid-off mortgage and
10-year-old BMWs. The concept or word
that permeates success in life, finances and
other endeavors is leverage.
But I don't just mean financial leverage.

The leverage equation
In his 2018 book The Leverage Equation,
author Todd Tresidder itemizes many
aspects of life that require and beg the
topic of leverage. I don't pretend to have
all of the answers and practice everything

MARCH 2020 // orthotown.com

OT0320_EmbraceProgress_MM.indd 8

2/25/20 10:06 AM



http://www.orthotown.com

Orthotown March 2020

Table of Contents for the Digital Edition of Orthotown March 2020

Orthotown March 2020 - Cover1
Orthotown March 2020 - Cover2
Orthotown March 2020 - 1
Orthotown March 2020 - 2
Orthotown March 2020 - 3
Orthotown March 2020 - 4
Orthotown March 2020 - 5
Orthotown March 2020 - 6
Orthotown March 2020 - 7
Orthotown March 2020 - 8
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Orthotown March 2020 - Cover3
Orthotown March 2020 - Cover4
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