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Brandon Seigel breaks down a pragmatic approach to passive income for practice owners, from building a clear opportunity filter to calculating your true hourly rate. He tackles why many small business owners under-save, how to match investments to risk and liquidity needs, and how to avoid mistaking owner salary for real profit. You’ll also hear practical considerations for 401(k)s with profit sharing, real estate options like leasebacks and REITs, and low-cost index funds—plus a simple three-phase roadmap and action plan to get started. This episode is designed to help you stop trading time for money and build multi‑engine wealth without adding another job.

What You'll Learn:

• How to define and use an “opportunity filter” before investing time or money
• The five criteria: return threshold, time commitment, risk tolerance, liquidity, and competency alignment
• Why calculating your current and desired true hourly rate changes investment decisions
• How to avoid confusing owner salary with true profit when evaluating businesses
• A practical overview of 401(k) strategies, tax considerations, real estate choices, and index funds
• A three-phase passive income roadmap and a concrete weekly/monthly/quarterly action plan

Start building a diversified, resilient wealth strategy that supports your practice and your freedom. #PrivatePractice #PassiveIncome #TherapyBusiness #SmallBusinessFinance #WealthBuilding

Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today’s business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast.

Get In Touch With Me
Podcast Website: https://www.privatepracticesurvivalguide.com/
LinkedIn: https://www.linkedin.com/in/brandonseigel/
Instagram: https://www.instagram.com/brandonseigel/
https://wellnessworksmedicalbilling.com/
Private Practice Survival Guide Book

This show is proudly produced at PS Studios — learn more https://www.psstudios.co