This is where you’ll connect with high achievers who share your values, gain access to powerful conversations, and experience the accountability that turns vision into reality.
All content for Chiropractic’s Top Business Owners – UAC is the property of UAC - Ultimate Achievers Club and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
This is where you’ll connect with high achievers who share your values, gain access to powerful conversations, and experience the accountability that turns vision into reality.
From Student Debt to Financial Freedom: The Chiropractic Wealth Strategy That Works
Chiropractic’s Top Business Owners – UAC
19 minutes 34 seconds
4 months ago
From Student Debt to Financial Freedom: The Chiropractic Wealth Strategy That Works
Dr. Brian Capra (00:01.923)
Hey, everyone. Welcome to the UAC Best Practices podcast. We hope the vision here is that you can learn something, little nugget from one of our UAC members, something that you can take and apply to your practice or your life or whatever it might be. So I'm really happy to be here today with my co-host, Dr. Alan Meier. And, Doctor, you want to take us away to the next level? Yep. Yeah. Good to be back.
UAC Chiropractic (00:25.483)
Hey, Cap. Thanks, man. We missed you on the last couple ones. Good to have you back. we have, from the second year UAC was founded, Dr. Andrew Williamson has been in and around, and he's also been part of one of the accountability groups that is the longest running in UAC.
In you've been in practice now 25 years, Andrew, I want to talk a little bit about is you have four docs in there and you're unwinding yourself. I know there's also stuff to reflect on in 25 years, but I got to start with something you talked last time you came on this, which is a few years ago that I don't know. It seems so simple, but it was profound for me and I put into use and it's simply. Using lines of credit on your business houses, whatever.
Dr. Andrew Williamson (01:03.296)
Yeah.
UAC Chiropractic (01:14.945)
so that you can invest all your money. So instead of keeping a pile of cash, which I was at the time was like, how much cash do you need to keep on hand? And nobody has a good answer for that. But your response was, I want every one of those dollars are my soldiers and I want them working for me. So I take lines of credit. So if I need cash, I can get it right away. But that way I can invest every dollar. And that really changed how I approached the cash reserve side of the equation. And I just want to start there because
If people miss that, I think as doctors get further in their career and they've paid off some assets and maybe they don't have a house payment or a building payment, you just start wondering how much cash do I need? And it just bugged me to have cash sitting there, but it's what you're supposed to do. So I got to thank you for that. That was insightful. So where do you want to take it, Doc? I mean, you got a lot to share. There's a lot of wisdom. I'll just tee up. You're unwinding yourself from practice. How's that looking? How's
Dr. Andrew Williamson (02:01.938)
More than welcome. My pleasure. My pleasure. Absolutely.
UAC Chiropractic (02:14.135)
Where are you finding people? How are you transitioning them in? What's the exit plan or is there one? Are you gonna keep it going and have a team run it? Are you gonna sell it? mean, talk to us about this art.
Dr. Andrew Williamson (02:24.424)
Absolutely. you know, interestingly enough, about a year and a couple months ago, I broke my collarbone out on a mountain bike ride. I, you know, I guess the universe said, hey, it's time for you to change up some things. And that's what happened with that. So I was very fortunate that I had a associate doctor that was really waiting in the wings for me. He was a student, he was a student that did his peak internship through Life University with me. He was also a previous patient.
So at the time I didn't have a space room because I was still in that full time mode, but I was like, okay, it looks like you're going to come in and cover the office for the next eight weeks. You're up, you're up brother. Let's make this happen. so make it or break it. then, and then, what happens is eight weeks into it, I'm, you know, I'm healed. I'm ready to get back in the office. And I realized that he really made himself indispensable. And that was a beautiful blessing. said, you know what, Dr. Kevin, you're doing a great job. And, and I thought to myself, there's last thing I need to do is lose someone, guess.
UAC Chiropractic (02:59.913)
You're up.
Dr. Brian Capra (03:00.875)
Yeah, next net up.
UAC Chiropractic (03:17.004)
Yeah.
Dr. Andrew Williamson (03:22.175)
Chiropractic’s Top Business Owners – UAC
This is where you’ll connect with high achievers who share your values, gain access to powerful conversations, and experience the accountability that turns vision into reality.