WCI #184: Selling Your Practice to a Private Equity Firm
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 12 November 2020
⏱️ 68 minutes
🧾️ Download transcript
Summary
It is becoming more and more common for physician groups to be approached by a private equity firm that wants to buy the practice and make them "more efficient." Of course the older partners think that this is a good time to sell. The younger doctors thought they just joined a partnership and were looking forward to owning their business and having control. What do you do if you are the younger doctor? We discuss some ideas in this episode that will hopefully help, if you find yourself in this situation.
We also answer a lot of other listener question about challenges facing families with children with special needs, small business retirement accounts, understanding a wash sale, reporting the backdoor Roth IRA with a loss, understanding dividend stock investing, the S&P 500 vs total stock market index fund, and what recommendations I have for medical students to do early in their career to prepare themselves for entering the workforce.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.0 | This is White Coat Investor Podcast |
| 0:20.0 | number 184. |
| 0:21.0 | Should we sell our practice to a private equity firm. |
| 0:24.1 | If you're looking to boost returns, lower taxes, and build wealth, |
| 0:27.5 | join the WCI monthly real estate opportunities list for tips and strategies to |
| 0:31.8 | maximize your real estate returns and for introductions to. list for |
| 0:34.0 | introductions to |
| 0:35.0 | introductions to exclusive investment opportunities. |
| 0:37.0 | Expect educational emails that introduce you to |
| 0:39.4 | syndicators, fund companies, online courses, |
| 0:42.0 | and online real estate platforms. |
| 0:43.7 | Go to whitecode investor.com slash RE opportunities to sign up today. |
| 0:48.8 | You can do this and the white code investor can help. |
| 0:51.2 | Our quote of the day today comes from Thomas J. Stanley, a millionaire |
| 0:55.4 | next-door fame, who said you can get rid, you can act rich or actually become rich. A few of us |
| 1:00.8 | will ever be able to do both and we certainly won't get rich by acting the part before we have the financial resources with which to pay for La Dosevita. |
| 1:09.0 | Well, I think that's a great quote. |
| 1:11.0 | And there's a lot of truth to that. It's one or the other. |
| 1:13.4 | You either become rich or you act rich. The nice thing about becoming rich is you can |
... |
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