The Financial Beast Podcast for Practice Owners

Are you ready to build wealth the RIGHT way as a practice owner? Say goodbye to generic advice and take back CONTROL of your financial future with proven strategies tailored to your unique needs. In this episode, we break down the myths around financial advice and empower you to maximize the value of your business while building personal wealth the smart way. Stop following one-size-fits-all advice from influencers who don’t understand your journey as a healthcare practice owner. Learn how to focus on strategies that lead to true financial freedom and long-term success. At Econologics Financial Advisors, LLC (‘EFA’), we specialize in helping practice owners like you become Financial Beasts by creating a system that works for your business and personal goals. Whether it’s optimizing your income, minimizing taxes, or building a recession-proof strategy, this video gives you the tools you need to take control and expand your business with confidence. Don’t leave your financial success to chance! Consult with experts who understand your industry and can guide you every step of the way. Your financial freedom starts with the right plan. Watch now and take the first step toward mastering your wealth-building journey! Visit https://www.wealthforpracticeowners.com/ for your free download of the 27 Point Financial Checklist. #financialadvisorpracticemanagement #financialobstacles #howtogetmoreclientsasafinancialadvisor #budgeting #retirementplanning CHAPTERS: 00:00 - Intro 02:22 - Financial Influencers 07:35 - Financial Advisors: Stocks and Mutual Funds 10:28 - Financial Advisors: Retirement Accounts 12:58 - Financial Influencers 17:00 - Legacy Financial Institutions 18:55 - Nefarious Financial Advice 22:25 - Know What You Own in Investments 24:41 - Avoid $200k Coaching Programs 25:20 - The Broad Definition of "Financial Advisor" 26:51 - Finding an Advisor for Your Industry 28:10 - Avoid $100k Coaching Programs 29:10 - Final Thoughts _________________________________________________________________________________ If you would like a free consultation, please visit econologics.com or call us at 727-588-1540 Get Social with Us! LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts  Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/ Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

So we did something different to close out the year… We Googled the most asked financial questions of 2025—and we answered them honestly. From budgeting and debt to inflation, mortgage rates, and crypto, this episode breaks down what matters, what’s noise, and what practice owners should actually focus on. If you’re a healthcare practice owner (vet, PT, optometry, dental, med spa, chiro, etc.), here’s the truth: your biggest financial wins (and mistakes) usually happen outside the treatment room—inside your household cash flow, your practice profitability, and your long-term wealth strategy. 🎙️ Home of the Financial Beast Podcast — bold conversations, real strategies, no fluff. ✅ Topics we hit: - Budgeting vs. increasing practice profitability - Save vs invest (and what “emergency fund” really means) - Credit score myths - Crypto: investing vs. speculation - What inflation actually is - Compound interest (when it matters and when it doesn’t) - Protecting investments during market volatility - How to hire the right financial advisor (fiduciary + industry experience) ________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0  Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most practice owners make significant financial mistakes outside the treatment room, especially concerning real estate. This discussion with Michael Hensel of Mav Realty addresses common errors like signing unfavorable lease terms and overpaying for properties, emphasizing the importance of informed business negotiation. We break down how healthcare development and medical real estate impact your practice's financial health, offering crucial real estate investing strategies for physician real estate. In this episode of the Financial Beast Podcast, Eric Miller sits down with Michael Hensel to break down what healthcare practice owners need to know about medical office real estate: how bad leases quietly drain profit, when it makes sense to buy your building, how commercial properties are valued, and what to look for (parking ratios, ingress/egress, location, and more). If you’re a veterinarian, physical therapist, optometrist, chiropractor, dentist, or any healthcare practice owner — this episode can save you from a costly mistake and help you build real wealth outside the treatment room. Subscribe for weekly strategies — bold conversations, real tactics, no fluff.  ________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Most practice owners hire in panic: plug the “hole in the boat” with a warm body… then wonder why people quit (or underperform) within 30 days. In this episode of the Financial Beast Podcast, Eric Miller sits down with HR expert, Lorianne Isaacson to break down the real reason practices can’t keep good staff: weak onboarding + zero codified training. What you’ll learn: Why most practices are a 2/10 at onboarding (and how to fix it) - The 90-day onboarding framework that builds commitment (not just compliance) How to stop “verbal training” from walking out the door - Simple retention plays that cost almost nothing (but build loyalty fast) The #1 rule of performance management: firing should never be a surprise Why “micromanaging” is usually a training problem, not a people problem If turnover is crushing your practice and your cash flow feels tight—this is the episode you needed. ___________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X /Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Sometimes paying taxes is actually a good sign—your practice made a profit. But too many healthcare owners fall into “write-off mode” and make expensive moves that destroy cash flow (hello, “buy a truck in December”).   In this episode, Eric Miller sits down with Julie Herres (Founder/CEO, GreenOak Accounting) to break down tax planning for healthcare practice owners—without the gimmicks.   You’ll learn: - Why “avoiding taxes” can be a bad business decision - The difference between tax deductions vs. real savings - The biggest money leaks crushing margins (payroll, space, scaling too soon) - Why practice owners need monthly or quarterly CPA check-ins - Smart, practical year-end moves that don’t wreck liquidity   If cash flow is getting tight and you want to keep more of what you earn—this is the playbook.   CHAPTERS: 00:00 - Intro 01:25 - Julie Harris Introduction 05:28 - Money Leaks: Clinician Compensation 10:45 - Efficient Space Utilization 13:18 - Myth: Growing Out of Financial Problems 17:25 - Financial Reserves: How Much is Enough? 22:13 - Building a Strong CPA Relationship 26:30 - Year-Round Tax Planning Strategies 28:01 - Benefits of Paying Taxes 30:38 - Documenting Payments to Your Children 35:43 - Understanding the Augusta Loophole 37:04 - Contacting Julie Harris 37:39 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Failed sale. No clear exit. Limited options… or so it seemed.   Most healthcare practice owners think they only have two paths: 👉 Sell to an associate 👉 Or sell to corporate   But what happens when a corporate deal falls apart and you still want freedom, security, and options?   In this episode of the Financial Beast Podcast, Eric Miller sits down with Paul Silovsky, CEO of Rebound Physical Therapy, to unpack how he navigated a failed sale, rebuilt his vision, and created a brand-new set of exit options — without giving up control of his practice or his household income.   You’ll discover:   - Why most owners give away their power of choice when it comes to exiting - What really happened when Paul’s first corporate deal fell through - How he redesigned his practice so it could financially support his family for years - The pros and cons of selling to an associate vs. selling to corporate - How to think about internal sale, owner financing, and long-term cash flow - Why starting exit planning years before you sell gives you maximum leverage   If you’ve ever thought, “I don’t know how I’ll get out of this practice without blowing up my lifestyle,” this conversation is a must-watch.   CHAPTERS: 00:00 Intro – Why exit options matter 01:05 How Paul realized he needed more choice 04:10 The first corporate deal and why it failed 10:45 Rebuilding the practice with a new vision 16:30 Internal sale vs. corporate: pros and cons 24:00 Protecting your household income after exit 32:00 Exit strategy mistakes healthcare owners make 38:45 Paul’s advice if you’re 5–10 years from exit _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Most owners spend more time planning a vacation than their practice exit—and it’s a costly mistake. In this episode, Eric Miller and advisor Zach Abbotoni break down the money side of your exit: who to sell to, how your practice is valued (EBITDA & add-backs), your “magic number” for a successful retirement, and how to structure a deal so you keep more and reduce risk.   You’ll learn: * Associate vs Corporate buyer: cash at close, control, risk, and culture * Valuation 101: adjusted earnings (EBITDA), add-backs, and premium/discount factors * Deal structures: cash at close, joint venture (retain equity), private stock (A/C shares), earn-outs—and what to watch out for * Real-estate & lease terms, team retention bonuses, and tax/flow considerations * The Wealth Gap: quick math to confirm if today’s offer funds your next 30 years   Chapters: 00:00 Why most exits underperform 03:00 How practices are really valued (EBITDA & add-backs) 08:30 Buyers: Associate vs Corporate 13:40 Deal components: cash, JV equity, private stock, earn-out 21:15 Real estate & team retention 25:30 Your “magic number” & wealth-gap math 30:00 Action plan before you list _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

How much money do you really need to live without financial stress? Most “gurus” throw out random numbers… but today, we break down the real wealth thresholds that determine financial freedom, security, and long-term stability for practice owners.   In this episode of the Financial Beast Podcast, Eric Miller (Chief Adviser & Co-Owner at Econologics Financial Advisors) and Eric Gersch, Financial Advisor, reveals the truth behind numbers like $5 million, $7 million, $10 million, and even $20 million—what each level actually means for your life, your income, your retirement, and your family’s financial future.   If you're a healthcare practice owner wondering how much net worth you really need to live your ideal life, this breakdown will change everything.   In This Episode You’ll Learn: ✔️ Why $5M is the true “minimum freedom number” ✔️ What $7M vs. $10M really means in lifestyle terms ✔️ How practice owners should structure wealth outside their business ✔️ The danger of listening to online financial influencers ✔️ The hidden expenses people NEVER factor into retirement ✔️ Why long-term care can destroy a weak financial plan ✔️ How to build “indestructible wealth” over time   CHAPTERS: 00:00 – How Much Money Is Truly “Enough”?  00:32 – Welcome to the Financial Beast Podcast  01:05 – The $20 Million Claim: True or Myth?  02:11 – What Wealth Really Buys You  03:14 – The Meaning of Indestructible Wealth  04:23 – Ultra-High-Net-Worth vs. Real People  05:08 – Why $5M–$10M Is the Real Target  06:10 – Breaking Down a $20M Lifestyle  07:32 – What $5M Actually Provides  09:01 – The Case for $7M and Up  10:14 – $10M: The Freedom & Charity Threshold  11:24 – Real Costs People Forget (Healthcare, LTC, etc.)  12:48 – Long-Term Care: The Hidden Wealth Killer  14:07 – Why $5M Is the Minimum Target  15:33 – The $7M Security Zone Explained  16:44 – The $10M Wealth Comfort Zone  17:52 – Real-World Client Examples  19:03 – Why Influencer Money Advice Is Dangerous  20:12 – Why “Get Rich Quick” Never Works  21:25 – The Psychological Trap of Fast Money  22:40 – The Path to Real, Stable Wealth  23:51 – Final Thoughts & Episode Wrap-Up   _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com   Are you throwing money at “marketing” without a clear plan or real results?   In this episode of the Financial Beast Podcast, host Eric Miller sits down with healthcare marketing expert Carl White of MarketVisory Group to break down how to build a financially responsible marketing plan for your medical or dental practice.   Instead of chasing tactics, shiny objects, or the latest “funnel,” you’ll learn how to: * Start with the right revenue and growth goals for your practice * Tie your marketing budget to actual patient value and ROI * Avoid the biggest mistakes practice owners make with agencies * Decide when paid ads, local SEO, social media, and referrals actually make sense * Build a simple, focused plan instead of 10 disconnected tactics Whether you run a medical practice, dental office, or other healthcare practice, this conversation will help you see marketing as an investment that should support your long-term financial goals—not a random monthly expense.   CHAPTERS: 00:00 - Intro 01:34 - Welcome Back 02:27 - Marketing Strategies 03:29 - Passion for Marketing 06:15 - Financial and Marketing Similarities 06:55 - Journey into Healthcare Marketing 08:49 - Importance of Industry Specialization 10:04 - Understanding a Marketing Plan 11:00 - Marketing Budget Guidelines 18:24 - Essential Components of a Marketing Plan 22:20 - Common Healthcare Marketing Mistakes 25:38 - Location Considerations for Marketing 29:50 - Contacting Carl 32:41 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com   Are you building wealth or just chasing shiny returns? In this solo episode of the Financial Beast Podcast, Eric Miller breaks down 7 timeless lessons from Benjamin Graham’s The Intelligent Investor and translates them for healthcare practice owners (Veterinarians, PTs, ODs, Dentists, and more).   You’ll learn how to set a real investment policy, avoid yield traps, protect cash flow when you’re dependent on your portfolio, and position your practice as the engine of your net worth without gambling your future.   CHAPTERS: 00:00 Intro why “old school” beats hype 01:18 Strategy vs Policy (the rule that saves portfolios) 05:42 Price matters: value = what you get, price = what you pay 08:14 If you live on your portfolio, reduce surprises 11:03 Don’t marry a yield (spot the 15% trap) 14:10 Concentrate to build it, diversify to keep it 17:35 Your only edge in a panic (and how to use it) 20:35 No one’s tombstone says “Beat the S&P” (what actually matters) 22:30 Next steps & how we can help _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Are you ready to take back CONTROL of your financial future and discover a path to financial freedom and purpose? In this episode of the Financial Beast Podcast, Eric Miller sits down with Dr. Erik Lundquist to explore his inspiring journey from practicing medicine to building personal wealth while aligning with his life’s purpose. Whether you’re a healthcare practice owner or a busy professional, this conversation will give you valuable insights into how to maximize the value of your career, manage money effectively, and build long-term wealth.   Dr. Lundquist shares how he transitioned from primary care to founding the Temecula Center for Integrative Medicine, using strategic planning, mastermind collaboration, and smart financial practices to expand his business and achieve financial independence. Learn actionable tips on charitable giving, investing wisely, and creating freedom for the life you truly want. This episode is packed with empowering advice on how to become a Financial Beast by taking control of your practice's profits and building wealth outside your business.   At Econologics Financial Advisors, we specialize in helping practice owners like you grow their wealth and secure their future. Our proven financial strategies enable you to overcome challenges and thrive, even during a recession. Remember, financial freedom starts with the knowledge and confidence to make informed decisions. Don’t just settle—start building your financial legacy today!   #wealthbuilding #doctorfinances #businessgrowth #financialadviceforpracticeowners #integrativemedicinefinances   CHAPTERS: 00:00 - Intro 01:11 - Eric Miller Introduces Dr. Eric L. 15:51 - Communicating About Money with Your Spouse 18:00 - Importance of Charitable Giving in Wealth Building 22:05 - Key Factors in Building Wealth 25:20 - Talking to Your Kids About Money 28:22 - What to Look for in an Investment 31:51 - How to Reach Dr. Lakin 32:28 - Dr. Lakin’s Podcast Insights _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Selling your practice is the biggest financial decision of your life—don’t leave money on the table! In this video, we share 5 key tips to negotiate your practice sale RIGHT and maximize the value of your hard work. You’ve spent years building your business, now it’s time to take back CONTROL and secure the financial freedom you deserve. On the Financial Beast Podcast, Eric Miller will discuss whether it’s nailing the overall sales price, getting the right lease terms, or understanding earnouts, we’ve got you covered with strategies to protect your wealth and your future.   At Econologics Financial Advisors, we specialize in helping practice owners like you navigate the complexities of selling a business. Learn how to avoid common pitfalls, negotiate like a pro, and ensure your family’s financial future is secure. From maximizing the upfront cash to building personal wealth through smart investments, this video will empower you to make informed decisions every step of the way.   Ready to become a Financial Beast? Start today by downloading Eric Miller’s best-selling book, “How to Become a Financial Beast,” and unlock the secrets to wealth building and financial freedom. Need more personalized guidance? Reach out to Econologics Financial Advisors, the trusted partner for practice owners nationwide.   Don’t forget to like, subscribe, and share this video with other practice owners looking to maximize their practice sale. Let’s make sure your biggest transaction is also your smartest!   #financialplanningforpracticeowners #financialtransactionadvice #negotiationtacticsforselling #financialtransactionnegotiation #maximizingpracticesaleprofits   CHAPTERS: 00:00 - Intro 01:00 - Welcome Back 05:46 - Private Equity Challenges 07:37 - Factors You Can Control 09:47 - Determining Overall Sales Price 12:24 - Negotiating Your Lease Agreement 16:04 - Understanding Employment Agreements 19:22 - Earnout Structures 21:34 - Earnouts Explained 23:15 - Cash vs. Balance of Sale 29:15 - Conclusion and Wrap-Up _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures.

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Are you ready to take back CONTROL of your financial future after selling your practice? In this episode of the Financial Beast podcast, Eric Miller, sits down with Nathan Shields, a former practice owner turned advisor, to discuss the dos and don'ts of investing practice proceeds. Whether you're preparing to sell your practice or planning ahead for financial freedom, this episode is packed with actionable insights that will help you maximize the value of your hard-earned proceeds and build personal wealth.   Learn how to create a wealth-building strategy that works for you, avoid common investment pitfalls, and identify opportunities to expand your business or diversify your portfolio. Discover the importance of owning your practice’s real estate, finding the right financial advisor, and having a solid exit plan for long-term success. Nathan shares his personal journey, including the mistakes he made, the lessons he learned, and how he continues to grow his financial footprint through smart investments in real estate and cash-flowing assets.   At Econologics, we help practice owners like you become Financial Beasts, empowering you with the tools and strategies to achieve financial freedom. Like, share, and subscribe to start your journey toward wealth building today!   #financialadviceforpracticeowners #financialtipsforpracticeowners #financialadviceforowners #wealthbuildingforpractitioners #exitstrategiesforpracticeowners   CHAPTERS: 00:00 - Intro 01:00 - Welcome Nathan Shields 06:00 - Pre-Sale Thoughts and Considerations 12:55 - Tax Implications of Selling a Practice 16:04 - Concerns About Financial Windfall 17:42 - Mistakes Made with Received Funds 20:03 - Life After Selling Your Practice 23:18 - Key Deal Terms to Consider 26:38 - Current Investment Strategies 30:34 - Stock Market Investment Insights 34:30 - Exploring Private Lending Opportunities 35:48 - Diversification vs. Concentration in Investing 41:20 - Contacting Nathan Shields 42:24 - Connecting with Ryan and Aaron 42:31 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Unlock the secrets to mastering your practice's finances with "Practice Finances Simplified: 27 Key Steps You Need." This episode is packed with essential advice designed specifically for healthcare practice owners looking to take back CONTROL of their financial future. Whether you're struggling to organize your financial documents, maximize the value of your practice, or build personal wealth, this checklist has you covered.   Discover how to establish financial freedom by addressing common pitfalls like income dips, outdated bookkeeping, and inefficient billing systems. Learn how to calculate your facility capacity income goal, stay on top of your make-break number, and ensure your business is running at maximum efficiency. It’s time to stop surviving and start thriving by becoming a Financial Beast and creating a practice that rewards you financially.   As experts in financial training for practice owners, Econologics Financial Advisors equips you with the tools to succeed.  Eric Miller, Host of the Financial Beast Podcast and his Co-Host, Eric Gersch are hosting this podcast and will educate you on how to integrate the practice and household under one financial system.   Ready to transform your financial future? Start your Financial Beast journey by visiting Econologics Financial Advisors today.   #businesssavings #financialhealth #businessfinancialmanagement #facilitycapacityincome #practicefinances   CHAPTERS: 00:00 - Intro 01:13 - Welcome Back 04:52 - Company Financials Overview 07:35 - Strategies for Revenue Generation 09:12 - Facility Capacity and Income Goals 13:05 - Managing Business Credit Card Debt 14:04 - Importance of Business Reserves 17:05 - Addressing Income Fluctuations 20:10 - Financial Data Access Control 23:44 - Timely Payroll for Employees 23:50 - Bonuses and Commissions Structure 25:26 - Conclusion and Wrap-Up _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Are you a veterinary practice owner tired of overpaying taxes and feeling overwhelmed by the complexities of the tax code? It's time to take back CONTROL of your finances and finally stop letting the IRS dictate your hard-earned profits. In this episode of the Financial Beast Podcast, host Eric Miller of Econologics Financial Advisors teams up with Jharid Pratt of Granite Peak CPA to reveal exclusive strategies tailored specifically for veterinary practice owners to maximize the value of your business, build personal wealth, and achieve true financial freedom.   Discover why outdated advice and generic tax tips aren’t enough and how a proactive, year-round financial system can empower you to keep more of what you earn. Learn how to strategically manage your tax planning, avoid common pitfalls, and ensure your practice is working for YOU—not the IRS. Jhari'd shares insider insights into the veterinary industry, offering actionable steps to expand your business and boost your bottom line.   As the author of "How to Become a Financial Beast," Eric Miller encourages you to take charge of your financial destiny. Don’t miss out on this opportunity to learn from the experts who specialize in helping healthcare business owners like you. Watch now and start your journey toward financial peace and prosperity!   #taxdeductions #taxplanning #taxtips #taxstrategies #irsstrategies   CHAPTERS: 00:00 - Intro 01:14 - Welcome Jharid Pratt 04:13 - Unique CPA Services 07:40 - Value of Organization and Accountability 09:50 - Importance of Business Relationships 11:40 - Tax Philosophy Insights 16:40 - Understanding Filing Extensions 18:43 - Selling Your CPA Practice 21:25 - Exiting Strategies for CPAs 25:25 - Good Profit Margin Explained 28:22 - Understanding Profitability 29:55 - Importance of Business Reserves 30:45 - Managing Personal Expenses 32:27 - Recent Tax Law Changes 34:06 - Aggressive Tax Strategies Explained 36:07 - Contacting Jharid Pratt 36:13 - Connecting with Jharid and Granite Peak CPA   _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Discover *The Secret to Selling Your Practice Successfully* and unlock the financial freedom you've been striving for! In this episode of the Financial Beast podcast, Eric Miller, your trusted financial advisor and bestselling author of *How to Become a Financial Beast,* sits down with Dr. Norman Manning to share his inspiring success story of selling a veterinary practice. Learn how to take back control, prioritize your financial future, and avoid the pitfalls many practice owners face when selling to corporate groups.   If you're a healthcare practice owner, this conversation is packed with actionable insights, like how to maximize the value of your practice, build personal wealth, and achieve financial freedom. With expert advice from Econologics Financial Advisors, you'll discover how to prepare for a successful exit strategy, manage challenges, and ensure life after your sale is everything you dreamed of.   Ready to expand your business, secure your financial future, and become a Financial Beast? Start building the life you deserve today! Visit Econologics Financial Advisors to learn more about our proven process for healthcare professionals. Don’t let fear or doubt hold you back—success stories like Dr. Manning’s prove it’s possible! Watch now and take the first step toward your ultimate financial freedom.   #financialplanningforvets #transitioningveterinaryownership #transitioningownershipveterinary #veterinarybusinesstransition #financialplanningveterinary   CHAPTERS: 00:00 - Intro 01:02 - Welcome Back 02:47 - Thinking About Exiting Practice 07:21 - Using a Broker to Sell Practice 10:05 - Financial Readiness for Sale 12:12 - Challenges in Selling Process 15:53 - Understanding Deal Structure 18:35 - Navigating Due Diligence 20:17 - Life After Selling Practice 21:57 - Employment Agreement Insights 25:50 - Corporate Sale Horror Stories 27:58 - Securing a Great Deal 30:16 - Financial Advice for Veterinary Owners 31:10 - Final Thoughts _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com. Ready to break free from the passive income myths holding you back? In this episode of the Financial Beast Podcast, we tackle what healthcare practice owners *really* need to know to achieve financial freedom and build lasting wealth. Eric Miller is joined by Clint Harris of Nomad Capital to uncover strategies that help you take back CONTROL of your financial destiny. From self-storage investing to syndication opportunities, Clint shares how he transitioned from trading time for money to creating sustainable wealth that works for him—even after stepping away from the treadmill of earned income. Discover how to maximize the value of your practice, avoid the passive income traps, and align your investments with your values and long-term goals. This episode is packed with actionable insights for practice owners who want to expand their business, reclaim their time, and achieve true financial independence. Ready to take the next step? Start your Financial Beast Training and learn how to pay yourself right, build wealth outside your practice, and secure your financial future. Econologics Financial Advisors are here to empower you with expert financial training designed for healthcare practice owners like you. Don’t leave your financial future to chance—subscribe now, and let’s build a roadmap to success together. #cashflow #entrepreneurship #passiveincomeinvesting #realestateinvesting #businessideas   CHAPTERS: 00:00 - Intro 01:22 - Eric Introduces Clint Harris, Nomad Capital 02:32 - Defining Passive Income 05:38 - Clint's Journey to Passive Income: Real Estate & Self Storage 10:22 - Time Warp Your Real Estate Investing Strategies 13:38 - Understanding Syndication in Real Estate 18:03 - Benefits of Investing in Self Storage 21:51 - Performance Insights on Travis’s Recent Deal 22:30 - Challenges Facing the Self-Storage Industry 26:33 - Purpose Behind Travis’s Investment Deals 34:10 - Investment Locations: States to Consider 35:10 - Best Investment Advice from Clint 37:21 - Contacting Clint Harris 37:59 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0   Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Are you a healthcare practice owner struggling to make your marketing investments count? It’s time to stop wasting money and start maximizing your business’s potential with proven strategies that WORK. In this episode of the Financial Beast Podcast, Eric Miller, co-owner and chief adviser at Econologics Financial Advisors, teams up with marketing expert Katrina Beckman, CEO of Kalen Marketing, to deliver actionable marketing tips tailored for practice owners like YOU. From building an effective website to leveraging Google Ads and reviews, you’ll learn how to take back CONTROL, focus on what matters, and drive real results for your practice. Discover how to maximize the value of every dollar you spend, build personal wealth, and create financial freedom for your business and beyond. Eric also shares insights from his best-selling book, *How to Become a Financial Beast*, where he teaches practice owners how to expand their businesses, pay themselves right, and build wealth outside their practices. Take the first step toward becoming a Financial Beast and reclaiming your financial destiny. Remember, smart marketing isn’t an expense—it’s an investment in your future. Start your journey with expert advice from Econologics Financial Advisors, your trusted partners in financial training and wealth building for healthcare professionals. Subscribe now and transform the way you think about marketing and financial growth! #leadgeneration #success #facebookmarketing #howtobudget #healthcaresocialmediamarketing CHAPTERS: 00:00 - Intro 01:02 - Welcome Back to Marketing Insights 01:48 - Journey into Marketing Career 07:59 - Key Focus Areas in Marketing Strategy 10:00 - Elements of an Effective Website 12:41 - Analyzing Website Statistics Frequency 14:06 - Importance of Google Reviews 18:55 - Maximizing Google Ads Campaigns 22:21 - Leveraging Social Media for Business 26:27 - Benefits of Print Advertising 29:18 - Understanding SEO Basics 30:50 - Role of AI in Marketing 33:30 - Tips for Writing a Book 37:55 - Reasons for Cutting Marketing Budgets 39:18 - Contacting Kalen for Marketing Advice 39:54 - Reaching Out to Katrina 40:00 - Industries We Serve in Marketing 40:39 - Special Guest: Katrina’s Dog _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0   Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com. Is $5M enough for a stress-free retirement? Discover the truth about financial freedom in this eye-opening episode of the Financial Beast Podcast with Eric Miller, co-owner of Econologics Financial Advisors and Eric Gersch, Financial Advisor, if you’re a healthcare practice owner wondering how to take back CONTROL of your money and build personal wealth, you’re in the right place. We’re breaking down exactly what it takes to achieve a worry-free retirement, starting at $5M, and how you can maximize the value of your hard work to expand your financial future. Gain insights into setting realistic wealth targets, planning for long-term care, and creating a diversified portfolio that guarantees financial security. Whether you’re aiming for $5M, $7M, or $10M, this episode will empower you to craft a financial plan tailored to your goals. Learn how to become a Financial Beast, achieve financial freedom, and make informed decisions about your future. Econologics Financial Advisors specializes in guiding healthcare practice owners on their journey toward financial independence. Ready to take the first step? Start your Financial Beast training today and take control of your financial destiny. Your best retirement life starts here! #dividendinvesting #cashflow #financialeducation #retirementincome #howtoinvest   CHAPTERS: 00:00 - Intro 02:17 - How Much Money is Enough 09:48 - What Does a $5M Net Worth Look Like 11:35 - Retirement Savings Requirements 16:40 - Retirement Financial Needs Explained 20:00 - Planning for Retirement Funds 21:40 - Essential Retirement Savings Strategies 22:49 - Financial Advice on TikTok 23:55 - The Synthetic High of Speculative Trading 25:39 - Who Should You Listen to _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com. Are you a healthcare practice owner ready to take back CONTROL of your financial future? In this episode of the Financial Beast Podcast, Eric Miller, co-owner of Econologics Financial Advisors and Eric Gersch, Financial Advisor, dives into the SIX CORE INVESTING RULES every practice owner must know to maximize the value of their hard work, build personal wealth, and achieve true financial freedom. These timeless principles will empower you to avoid speculative traps, make smarter investment choices, and create lasting wealth. Eric shares actionable strategies like understanding what you own, dollar cost averaging, and adopting a professional investor mindset. Learn how to protect your wealth with a defensive approach, focus on investments with reasonable returns, and develop behaviors that lead to financial success. Whether you're striving to expand your business or aiming to retire comfortably, these tips are designed to help you become a Financial Beast. Econologics Financial Advisors specializes in guiding healthcare practice owners on their journey to wealth and financial control. Ready to start your journey? Subscribe for more expert financial training and take control of your financial destiny today! You’ve worked hard for your success—now it’s time to make your money work hard for YOU. #how to invest #business owner #money #compoundinterest #dollar-cost averaging CHAPTERS: 00:00 - Intro 01:56 - Importance of Investment Discussion 07:34 - Investing Principle 1: Understanding Your Assets 10:22 - Investing Principle 2: Benefits of Dollar-Cost Averaging 12:51 - Predicting Investor Behavior vs. Market Trends 16:23 - Characteristics of True Investments: Reasonable Returns 18:34 - Developing a Defensive Investor Mindset 22:40 - Becoming a Professional Investor 25:20 - How to Contact Us _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0   Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/