Advertise on podcast: The Financial Beast Podcast for Practice Owners

Most veterinary practice owners think they know what their clinic is worth… and they’re usually wrong. In this episode of the Financial Beast Podcast, Eric Miller sits down with Roger Redmond, DVM from the Ackerman Group, to break down what really drives veterinary practice value—what buyers pay up for, what gets discounted, and the silent red flags that can cost you a better outcome. You’ll learn: The biggest reasons valuations come back lower than expected What buyers are actually paying for in today’s market Why some practices still command premium offers (and others don’t) How deal terms are changing (cash vs. performance-based payouts) What to fix years before you plan to sell If you plan to exit someday—even if it’s 3–10 years away—this conversation will help you protect your leverage and avoid expensive surprises.  ________________________________________________________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 call themselves the “CEO”… but very few can explain what that role actually requires. In this episode of The Financial Beast Podcast, Eric Miller sits down with Michael Nula, founder of a multi-location physical therapy practice (15 locations) who successfully sold and now trains owners nationwide on how to lead like a true CEO. If you want more freedom, less chaos, and a practice that doesn’t depend on you for everything, this conversation breaks down the real CEO job: • how to simplify to multiply • how to build a practice that runs through people (not through you) • what meetings, KPIs, and accountability actually look like • how to lead with calm under pressure • the “P3” framework: Performance, People, Profitability ________________________________________________________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 think they have only two choices: work forever… or sell and hope it’s enough. In this episode of the Financial Beast Podcast, hosted by Eric Miller, veterinarian Dr. Tammy Stevenson shares how she intentionally built a practice she’s proud of — and used it to build real wealth outside the practice over the last 10 years. We talk about what’s really happening in veterinary medicine post-COVID (spending pullback, rising costs, wage pressure), the reality of hiring associates in today’s market, and why exit planning is no longer as simple as “sell to an associate.” If you’re a vet practice owner (or any healthcare business owner), this conversation will help you think clearly about: • building household wealth while running a practice • planning an exit 10–12 years in advance • associate buyouts vs corporate deals how to avoid being forced into a bad sale when burnout hits ________________________________________________________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/ 

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 Hendzel 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 Hendzel 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/