Three Ways Practice Owners Can Build Up Their Balance Sheet

Are you a practice owner looking to extract maximum value from your clinical practice? In this episode, we'll discuss the crucial steps to ensuring your business assets translate into personal wealth. Building on our previous episode about understanding your balance sheet, I’ll explain the risks of having your net worth tied up in your practice. You'll learn strategies to shift value from your business to your personal finances, reducing dependency on a single asset and securing your financial future.
We'll cover the importance of diversifying your portfolio and what to do when you no longer wish to grow your practice. Discover practical methods to migrate money from your business to your personal balance sheet, the benefits of having a solid retirement plan, and why increasing your salary can be a smart move. By the end of this episode, you'll understand how to better prepare for retirement and make intentional financial decisions that enhance your overall wealth.
Need help with wealth management? Learn about APM Wealth's process, here: apm-wealth.com.... Or, get our free guide explaining some of our key methods for building wealth with clients: apm-wealth.com...
Or check out our webinar for helping practice owners optimize wealth building: www.apm-wealth.com/webinar
About Me: My wife Sarah and I live in Portland, OR, where she is an attending anesthesiologist, and I am a financial planner for anesthesiologists and pain management physicians. I know firsthand the challenges faced by physicians as they try to build a successful career in a clinically demanding specialty, while simultaneously trying to make good financial and career choices. I’m dedicating my practice to serving individuals and families just like us.
============================================
CONNECT WITH JUSTIN ON SOCIAL MEDIA
RUclips: / @justinharvey
LinkedIn: / justin-harvey-46625516
Podcast: apmsuccess.com
Apple Podcasts: podcasts.apple...
Spotify: open.spotify.c...
Stitcher: www.stitcher.c...
============================================