Pop Quiz: Is a beautiful smile an investment or an expense? (Don’t call your accountant on this one.)
I heard about a dentist who was very excited about his purchase of equipment that cost $100,000. He explained that this equipment would generate over $1 million in profit in five year’s time. He correctly characterized this purchase as an investment rather than an expense. Plus, he wisely used his bank’s money to purchase the machinery rather than tie up his practice’s cash.






