Building Your Freedom Plan – Utilizing Your Practice as the Economic Engine to Freedom (Part 1) – Christopher Sands: Ep #426

Christopher Sands joins me on the show today to share from his wealth of knowledge about business and practice management. An accredited wealth advisor with an all-around holistic approach to looking at business and finances, Chris discusses how he learned to dissect businesses for their risks and opportunities, as well as how you can optimize and grow your practice.

Listen in as he sheds light on managerial tax flow accounting vs. the traditional tax recording of historical data points. He also has some great advice for young practitioners who are just getting their feet wet. And be sure to listen in next week for part 2 where we talk about the opportunities that come with managing your practice and how Chris has been building multiple income streams in real estate.

Minute Markers:

3:03 – The focus of Christopher’s practice and his passion for educating doctors.
7:30 – His first degree in real estate and how he got into risk management.
9:30 – The value of networking and how it got him into great opportunities.
11:13 – How he learned what his calling was and eventually started his own business.
17:43 – Advice for younger or newer doctors who are aspiring practice owners and growers.

Featured on the Show:

Christopher Sands: Website

Watch full length Interviews on video!

Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.com/YouTube. Don’t forget to subscribe to David’s YouTube Channel for more content on maximizing your business, wealth, and creating a financial blueprint to reach your Freedom faster!

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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :

1. Schedule a Call with My Team:

If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.

2. Become a Full-Cycle Investor:

There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.

3. Get Your Free Retirement Scorecard:

Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.

Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.

Power Concepts:

I believe you should prove to yourself that you can be a million-dollar-per-year producer for somebody else before you fully jump into business ownership. – Christopher Sands

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Accounting doesn’t matter until it matters. And when it matters, there’s a significant exchange of money. – Christopher Sands