ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

Ep 32: Why MedSpa Owners Struggle to Spend After Success

Most MedSpa owners spend their careers building discipline — pouring profits back into the business, paying down equipment loans, maxing out retirement accounts when possible, and making sure the numbers always work. By the time they reach financial independence, the nest egg (and/or business equity) is there, but something unexpected happens: the habits that carried them here don’t always translate into the next phase.

Stepping back from day-to-day operations brings a new challenge, not about how to save or reinvest, but how to spend — and for many owners, that’s a tougher adjustment than it sounds. Today, we’re going to unpack that paradox and explore why so many of the best savers/builders struggle the most when it’s finally time to enjoy the fruits of their labor.

WHAT YOU’LL LEARN:

  • Why disciplined savers often have a hard time becoming confident spenders in retirement.
  • The psychological shift needed to move from growth mode to enjoying abundance.
  • Practical strategies like spending “buckets” and safe withdrawal frameworks to reduce financial anxiety.
  • How to align spending with your values so it feels purposeful and guilt-free.
  • Tax-smart moves to maximize your wealth while avoiding unnecessary government take-backs.

Tags:

medspa owner, business profitability, financial planning, business strategy, exit planning, advisory team, tax planning, lifestyle creep, burnout, financial independence, growth strategy, cash flow management, payroll costs, scaling a business, selling a business

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