Private Practice and Private Investing Insights from Dr. Charlie Eifrig

Wealth Planning for the Modern Physician

In this episode, retina specialist Dr. Charlie Eifrig joins David to discuss his career path, private practice, private investments, financial decisions and more.

Charlie begins with his background, including what got him interested in medicine and ophthalmology in particular and his exposure to and interest in financial topics, both in college and during medical training. He explains why he took his first job out of training in North Carolina as part of a small growing practice and why he moved across the country to join a practice in Orange County, CA.

Charlie then shares the lessons he learned from an investment he made with other local physicians that went south, involved mismanagement and caused multiple physicians to file for bankruptcy.

Charlie outlines what he sees as key factors in growing a successful and rewarding medical practice, including how to hire the right incoming physicians. Next, Charlie and David cover Charlie’s experience with investing in private companies and using professional advisors, and what he has learned so far.

Charlie concludes with his one piece of advice for fellow physicians.

Learn more about our guest, including additional show notes and more, by visiting www.physicianswealthpodcast.com.