Financial Mini Series Episode 3: Homes, Cars and Dental Practice – What should come first? With Craig Spiegel and Albert Gigl

The Noobie Dentist Podcast – Albert Gigl & Craig Spiegel

Episode Run Time: 00:52:09



Today, I talk to Albert Gigl from MW Partners and Craig Spiegel from Credabl. MW Partners Specialist Dental Accountants provides financial planning and legal services to dentists. Their team of qualified accountants have decades of experience in helping dental practices and dentists with taxes, bookkeeping, and other business solutions. Meanwhile, Credabl specializes in healthcare finance. With their industry specific knowledge, Credabl meets the needs of healthcare practitioners through specialized lending.

In this interview we talk about financial planning and the sequencing of major purchases. We also discuss suggested accounting set-ups for a practice, and the common mistakes aspiring practice owners should avoid.


Guest Details

Albert Gigl

LinkedIn: Albert Gigl LinkedIn   

Craig Spiegel

LinkedIn: Craig Spiegel LinkedIn


Time Stamps

[08:01] Should you purchase a practice or a house first?

[11:16] Getting a practice loan when you have a mortgage

[14:53] Financing a car and timing your purchase

[21:30] How to structure a practice’s accounting and finance 

[26:22] Service Facility Agreement & GST

[30:30] Payment structure for practice owners

[33:20] Factors that lenders consider before approving a loan

[37:34] Common mistakes by practice owners

[42:58] Things to consider before starting own practice 

[45:50] Summary of key points

[46:41] Consider rural dentistry practice

[48:04] Get specialised help 


Podcast Details

As always, if you enjoyed listening to the Noobie Dentist Podcast, please pass

the podcast along to your friends, classmates and colleagues. If you haven’t already, head

over to iTunes and give the show a 5-star rating and if you have some time, leave a review!

The Noobie Dentist podcast is now available on Spotify, YouTube,, the Apple

podcast app, Stitcher and any other podcast apps out there!



Instagram: @noobiedentist

Sponsor Details


If you need finance, be it for your personal or professional needs, the team at Credabl know the drill. From home loans and car loans to equipment and fit out loans, or even commercial properties and practice purchases, the medical finance specialists at Credabl will provide a tailored solution for you.  


To find out more, visit 



Would you purchase a practice or a house first? Did you find Albert and Craig’s insights useful? We would love to hear your thoughts! 


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