The Financial Beast Podcast for Practice Owners
The Financial Beast Podcast for Practice owners is designed for practice owners to get vital info on financial matters that concern them both personally and professionally. Additional to help them get into ”Financial Beast” mode and stay there so they can achieve all of their financial goals. A financial beast is debt free, protected, invested and set for life!
Episodes
5 days ago
5 days ago
Get your free How to Become a Financial Beast Book at www.financialbeastbook.com
Ready to slash your tax bill and take back CONTROL of your financial destiny? In this must-watch episode, we break down the powerful tax-saving strategy of cost segregation with expert Andrew Parrish of Alternate Tax Solutions. Learn how healthcare and practice owners can leverage cost segregation to maximize deductions, accelerate depreciation, and keep more of what they earn. Whether you're building personal wealth, preparing for financial freedom, or expanding your business, this strategy could be a game changer.
Hosted by Eric Miller, co-owner of Econologics Financial Advisors and author of the best-selling book, "How to Become a Financial Beast," this episode is packed with actionable insights. Discover how strategies like cost segregation and R&D tax credits can elevate your financial game, allowing you to focus on building wealth and optimizing your business. Practice owners, it's time to stop overpaying and get the financial results you deserve!
Econologics Financial Advisors specialize in helping healthcare practice owners set up financial systems that create wealth, reduce debt, and prepare for a successful exit. Start your journey to becoming a Financial Beast today and gain the tools to achieve financial freedom! Like, share, and subscribe for more empowering content.
#cpa #accelerateddepreciation #costsegregationanalysis #costsegregationstudy #realestate
CHAPTERS:
00:00 - Intro
01:06 - Andrew Parish, Managing Partner at Alternate Tax Solutions
03:24 - What is Cost Segregation
05:00 - Importance of 39-Year Depreciation
06:41 - Understanding Personal Property in Taxation
09:00 - Cost Segregation Grouping Rules Explained
11:57 - Evaluating Cost Segregation Risks
13:05 - Benefits of 100% Bonus Depreciation
15:31 - Getting Started with Cost Segregation
26:18 - Exploring R&D Tax Credit Opportunities
29:57 - Mergers and Acquisitions (M&A) Insights
33:00 - Strategic Planning for Your Exit
33:40 - Understanding 1250 Recapture Tax
35:23 - Contacting Alex for More Information
_________________________________________________________________________________
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.
Thursday May 22, 2025
Thursday May 22, 2025
Get your free How to Become a Financial Beast Book at www.financialbeastbook.com
Are investment fees really the silent killer of your portfolio, or is the real danger in ignoring the bigger picture? In this episode of the Financial Beast podcast, we uncover the truth about investment fees and reveal what truly drives long-term financial success. Learn how focusing on behavior, systems, and comprehensive planning can help you take back CONTROL of your financial destiny, maximize the value of your practice, and build personal wealth.
Practice owners, it’s time to stop chasing low-cost index funds and start building a system that works for YOU. We break down why the right financial advisor can add far more value than most realize—helping you navigate debt management, tax planning, wealth building, and even lifestyle behavior. Discover how to close the wealth gap and secure your financial freedom with proven strategies.
At Econologics Financial Advisors, we specialize in helping healthcare practice owners like you expand your business, pay yourself first, and grow your net worth—all through a customized financial system. Become a Financial Beast and start transforming your financial future today. Visit EconologicsFinancialAdvisors.com to learn more and schedule your consultation.
Remember, a strong plan backed by expert advice is your key to financial freedom. Don’t let myths about fees hold you back—take charge now!
#financialadvisorpracticemanagement #riskmanagement #financialstabilityboard #advisoryfees #financialadvisorprospecting
CHAPTERS:
00:00 - Intro
01:00 - Welcome Back to Financial Insights
02:10 - Debunking the Fee Myth in Investing
05:50 - Understanding Investment Fees and Value
10:20 - The True Value of a Competent Financial Advisor
12:16 - Measuring Your Financial Advisor's Value
17:05 - Importance of Accountability in Financial Behavior
21:01 - Do You Need a Financial Advisor?
22:10 - Getting Started with EFA (Education for Advisors)
22:55 - Starting Your Journey with Eric Gersh
_________________________________________________________________________________
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.
Thursday May 15, 2025
Thursday May 15, 2025
Visit www.financialbeastbook.com to download your free book!
Are hidden profit drains quietly killing your practice’s growth and financial freedom? Take back CONTROL today! In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersh reveal the 3 biggest profit killers that might be sabotaging your business. From overstaffing to avoiding price increases to ignoring patient follow-ups, discover actionable strategies to maximize the value of your practice, build personal wealth, and accelerate your journey to financial freedom.
Whether you're aiming to reinvest in your business, fund a better lifestyle, or fast-track your retirement in 7-10 years, this episode is packed with insights to help you become a Financial Beast. Learn the secrets to optimizing your staffing, setting appropriate pricing, and managing accounts receivables—all while ensuring you deliver top-tier care to your patients.
At Econologics Financial Advisors, we specialize in helping healthcare practice owners like you expand your business, create sustainable profit margins, and secure your financial future. Backed by years of expertise, our proven strategies have helped countless practice owners break free from financial stress and take control of their wealth-building journey.
Get started today by exploring our financial training and wealth-building courses designed for practice owners. Remember, financial freedom starts with knowledge and action. Subscribe now and join the movement to become a Financial Beast!
#veterinaryeconomics #financialinsights #practicemanagement #dentalpracticemanagement #financialmanagementclass12
CHAPTERS:
00:00 - Intro
00:56 - Welcome Back to the Channel
01:54 - Understanding Profitability in Business
04:06 - Addressing Overstaffing Issues
09:51 - Strategies for Price Increases
13:41 - Ensuring Patients Follow Appropriate Regimen
19:23 - Managing Accounts Receivable Effectively
22:07 - Implementing Profitability Levers Successfully
23:23 - Outro
_________________________________________________________________________________
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.
Thursday May 08, 2025
Thursday May 08, 2025
Visit www.financialbeastbook.com to download your free book!
Ready to learn smart, effective ways to exit your practice without going corporate? If you’re a healthcare practice owner, this is your chance to take back CONTROL of your financial future! In this video, we reveal three powerful strategies to help you exit your practice on your terms, ensuring you maximize the value of your hard work while safeguarding the well-being of your employees, patients, and community. Whether you're planning to retire, expand, or simply want a new chapter, this video is packed with actionable insights to help you achieve financial freedom.
Discover how to build personal wealth and create a stress-free exit strategy by exploring private sales, partnerships, and internal ownership transitions. Learn how these alternatives can empower you to step away from the day-to-day grind without sacrificing the legacy of your practice. Plus, hear expert advice from Eric Miller, author of the bestselling book, “How to Become a Financial Beast,” designed to help you master wealth-building and optimize your practice's profitability.
At Econologics Financial Advisors, we specialize in guiding healthcare owners like you to financial independence. Remember, you have options beyond corporate buyouts—options that align with your goals and values. Ready to transform your practice and your future? Watch now and start building your Financial Beast journey today!
#moneyguyshow #sellingadentalpractice #dentalpracticetransition #realestate #practiceexitstrategies
#financialplanningfordentists #financialfreedomforphysicians #financialplanningforphysicians #financialfreedom #financialeducation
CHAPTERS:
00:00 - Intro
00:50 - Business Overview
02:15 - Selling to Competitors
10:24 - Internal Sales Strategies
12:35 - Selling Your Practice to Associates
17:28 - Seller Financing Options
21:35 - Investing Your Payments
24:01 - Alternatives to Corporate Sales
24:24 - Structuring Sales for Tax Minimization
24:48 - Weekend Message
_________________________________________________________________________________
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.
Thursday May 01, 2025
Thursday May 01, 2025
Download my book for free: www.financialbeastbook.com
Are you ready to take CONTROL of your financial future and maximize the value of your healthcare practice? In this episode, we uncover the 13 unshakable traits that financially successful practice owners share—traits that lead directly to financial freedom and wealth building. These aren't lessons you learn in a classroom; they're real-world strategies that top performers use to expand their businesses, build personal wealth, and become Financial Beasts.
From mastering the big picture to embracing analytics, practicing financial discipline, and even rewarding your achievements, this episode provides actionable insights tailored for practice owners striving for long-term financial success. Whether it's aggressively seeking tax relief, maintaining high business ethics, or building wealth outside your practice, these traits are key to thriving—even in uncertain economic times.
Hosted by Eric Miller of Econologics Financial Advisors, a trusted name in financial advising for healthcare professionals, this episode is packed with expert advice to help you grow your practice and secure your financial freedom. Remember, this is about empowering YOU to create lasting wealth—no matter the challenges you face.
Start your journey today and become the Financial Beast you’re meant to be! Don’t forget to like, share, and subscribe for weekly strategies that will transform your financial life. Let’s redefine what’s possible for your future.
#financialeducation #businessdevelopment #howtomakemoneyonline #financialliteracy #moneymomentum
CHAPTERS:
00:00 - Intro
00:52 - Welcome Back
02:32 - External vs Internal Factors
04:35 - Today's Discussion Topics
06:50 - Trait 1: Big Picture Thinking
07:54 - Trait 2: Impatience in Business Expansion
09:29 - Trait 3: Patience in Profit Investment
10:16 - Trait 4: Tax Reduction Strategies
12:22 - Expensing Business Profits
13:25 - Embracing Financial Analytics
16:54 - Charitable Contributions
18:40 - Focus on Financial Lines
19:48 - Ignoring Traditional Financial Advice
21:34 - Discipline in Following Plans
23:06 - Celebrating Achievements
24:35 - High Business Ethics
27:27 - Recap of Successful Practice Owner Traits
28:19 - 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.
Thursday Apr 24, 2025
Thursday Apr 24, 2025
Unlock the secret to predictable retirement income and take back CONTROL of your financial destiny! In this video, Eric Miller, co-owner and chief advisor at Econologics Financial Advisors, shares expert strategies to ensure you achieve lasting financial freedom. Learn how to calculate the two pivotal numbers—RMMI (Reliable Monthly Minimum Income) and DMMI (Desired Monthly Minimum Income)—that can transform your retirement planning and help you live stress-free while building personal wealth.
Discover actionable tips for maximizing the value of your practice, expanding your business, and creating a dependable income stream through intelligent investments like real estate, life insurance, annuities, and more. Whether you're a healthcare practice owner, associate, or business professional, this is your roadmap to becoming a Financial Beast and achieving the prosperous retirement you've dreamed of.
Start your journey toward financial empowerment today! With the guidance of Econologics Financial Advisors, you'll gain the tools needed to navigate economic uncertainties, build wealth, and secure your future.
Ready to take the first step? Like, subscribe, and share to join our mission to help 200,000 practice owners achieve financial freedom. Together, we’ll make your retirement goals a reality!
#lifetimeisa #incomediversification #sustainableretirementincome #navigatingretirement #financialeducation
#financialeducation #financialsecurity #financialplanning #dynamicincomestrategies #socialsecurity
CHAPTERS:
00:00 - Intro
01:03 - Eric Miller and Eric Gersh
03:29 - Key Financial Metrics: The Two Numbers That Matter
05:01 - RMMI Explained: Understanding Risk Management
09:56 - DIMMI Overview: Diversified Investment Strategies
16:40 - Best Investments for Building Your RIMI
22:10 - Top Investments for Growing Your DIMMI
23:34 - Strategies for Proceeds from Selling Your Business
26:20 - Conclusion and Key Takeaways
_________________________________________________________________________________
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.
_________________________________________________________________________________
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.
Thursday Apr 17, 2025
Thursday Apr 17, 2025
Take back CONTROL of your financial future and start building personal wealth without sacrificing the joys of life! In this video, Eric Miller, co-owner and chief financial advisor at Econologics Financial Advisors, reveals how to budget smarter with three powerful tips that prioritize your goals and set you on the path to financial freedom. Whether you're a healthcare practice owner or looking to maximize the value of your income, this strategy is tailored to help you achieve wealth while enjoying the present.
Learn how to structure your finances into three essential "buckets"—covering fixed expenses, aggressive savings, and discretionary spending—so you can build a life you love now and a prosperous future. Eric shares expert insights on discipline, smart spending, and the importance of treating your savings like a non-negotiable expense. Plus, discover how high-earning practice owners can expand their business and create lasting wealth, even in times of economic uncertainty.
As the author of "How to Become a Financial Beast" and leader of Econologics Financial Advisors, Eric has helped thousands of healthcare owners transform their financial outlook. This is your chance to join the movement and gain the tools to achieve financial freedom.
Start your journey today! Subscribe for more expert financial training, and don’t miss a single video packed with actionable advice to help you become a true Financial Beast. Your future starts now—take control and make it happen!
Use this link to download your book: https://hubs.li/Q03hhZHY0
#budget #financialeducation #budgetwithme #zerobasedbudgeting #budgetingforbeginners
CHAPTERS:
00:00 - Intro
00:51 - Eric's Mission
01:06 - Welcome Back
01:49 - Eric Gersh's Speaking Experience
04:26 - Frivolous Spending
07:27 - Budgeting Tips
08:52 - Simplifying Your Finances
13:07 - Retirement Savings Goals
18:58 - Time Preference in Finance
23:16 - Behavioral Finance Insights
24:35 - Earning, Saving, Investing Strategies
26:13 - Final Thoughts on Financial Health
_________________________________________________________________________________
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.
Thursday Apr 10, 2025
Thursday Apr 10, 2025
Are you ready to take control of your business and avoid costly firing mistakes? In this episode of the Financial Beast Podcast, Eric Miller teams up with employment law expert Devora Lindeman to tackle one of the most challenging aspects of running a practice: hiring and firing employees the right way. Learn how to protect your business, maximize the value of your practice, and build personal wealth by ensuring you’re compliant with employment laws and staying lawsuit-free.
Devora shares actionable tips on setting employee expectations, creating effective job descriptions, and developing performance management strategies that empower you to confidently address workplace issues. Whether you’re a veterinarian, dentist, or healthcare practice owner, this conversation is packed with insights designed to help you take back control, protect what you’ve built, and expand your business.
Don’t let poor practices or fear of firing hold you back from achieving financial freedom. Make sure your policies, procedures, and compliance strategies are solid so you can focus on growing your wealth and becoming a true Financial Beast.
If you’re ready to start your journey toward financial success, visit WealthForPracticeOwners.com to access resources, connect with financial specialists, and even download Eric’s free book, "How to Become a Financial Beast." Your path to financial freedom starts here! Like, subscribe, and share this video to help more practice owners thrive.
#settlementagreements #freeemploymentcontract #workplaceterminationadvice #employmentcontracts #wrongfultermination
CHAPTERS:
00:00 - Intro
01:59 - Getting Started in Employment Law
07:48 - Employee Management Concerns
11:51 - Challenges in Employment Law
15:16 - Legal Ways to Fire Employees
22:57 - Understanding At-Will Employment
23:45 - Immediate Termination Reasons
25:39 - Employee Chances and Fairness
30:02 - Importance of Probationary Periods
33:38 - Conducting Performance Reviews
35:50 - Proper Documentation Practices
38:30 - Preparing for Worst Case Scenarios
41:05 - Financial Risks of Poor Documentation
46:10 - Employment Practices Liability Insurance (EPLI)
47:54 - Connecting with Devora
_________________________________________________________________________________
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.
Thursday Apr 03, 2025
Thursday Apr 03, 2025
Unlock your financial potential with these 4 proven ways to boost cash flow instantly! In this video, Eric Miller, author of "How to Become a Financial Beast," and his guest, Nathan Shields from the Private Practice Owners Club Podcast dive into expert strategies designed to help healthcare practice owners take back CONTROL of their business finances and pave the way to financial freedom. From mastering your financial metrics to optimizing billing practices, these actionable tips will empower you to maximize the value of your business and significantly increase your bottom line.
Are you ready to take charge of your financial destiny? Learn how to improve cash flow, build personal wealth, and expand your business without seeing more patients or adding unnecessary expenses. With insights directly from Econologics Financial Advisors, this video offers the tools you need to navigate the financial challenges unique to practice owners.
Start your journey to becoming a Financial Beast today! Whether you’re a healthcare owner seeking financial freedom or simply looking to strengthen your financial foundation, these strategies will set you on the right course. Don’t forget to like, share, and subscribe for more expert financial training designed to help you achieve your goals.
#partnershipmarketingstrategy #strategicpartnerships #inflation #businesspartnerships #personalfinance
#financialstabilityguide #financialeducation #partnershipsandcollaborations #cashflowstrategies #businesspartnershipsexplained
CHAPTERS:
00:00 - Intro
00:53 - Welcome Nathan Shields
02:26 - Successful Partnership Strategies
02:34 - Improving Cash Flow Techniques
14:47 - Understanding Cash Flow
15:54 - 4 Phases to Maximize Cash Flow
20:04 - Knowing Your Financial Numbers
20:50 - Key Financial Metrics
24:22 - Over the Counter Collections Strategies
27:31 - Daily Reporting Best Practices
30:32 - Credit Cards on File Management
34:25 - Managing Billing and Collections Team
35:40 - Monthly Meetings with Billing Team
38:20 - Cardinal Rules for AR Aging Percentages
42:30 - Maximizing Billing and Coding Procedures
48:08 - Training Providers for Reimbursement Rates
51:20 - Going Deep
54:33 - How to Reach Nathan
_________________________________________________________________________________
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.
Thursday Mar 27, 2025
Thursday Mar 27, 2025
Are you ready to take back CONTROL of your finances, grow your practice, and retire sooner? In this episode of the Financial Peace Podcast, Eric Miller, author of *How to Become a Financial Beast* and co-owner of Econologics Financial Advisors, teams up with Sean Healy, founder of Accounted4, to uncover the EXACT strategies every healthcare practice owner needs to master cash flow, maximize the value of their practice, and fast-track their journey to financial freedom.
Mismanaging cash flow is the #1 threat to your financial future, but it doesn’t have to be. Learn how to navigate the gap between profit and cash flow, build personal wealth, and make your practice a powerful asset that funds your ideal life. From understanding the difference between profit, EBITDA, and cash flow to identifying hidden opportunities and constraints in your finances, this conversation is packed with actionable insights tailored for practice owners like YOU.
Start your Financial Beast training by focusing on what truly matters: becoming a confident, well-informed leader in your business. Whether you’re aiming to expand your business, achieve financial stability, or build long-term wealth, this episode is your roadmap to success.
Subscribe now and take the first step toward transforming your practice and your future!
This content is brought to you by Econologics Financial Advisors, LLC.
#financialeducation #practiceownerfinance #retirementplanning #financialfreedom #financialgoals
#financialeducation #financialfreedom #practiceownerfinances #retirementplanning #automatingsavings
CHAPTERS:
00:00 - Intro
01:34 - Understanding Cash Flow Importance
04:32 - Profit vs Cash Flow Explained
10:03 - Cash Flow Projection Techniques
11:39 - Challenges in Restoring Solvency
17:25 - Emotional Impact of Cash Flow Issues
20:00 - Assessing Business Revenue Needs
22:09 - Identifying Major Business Expenses
25:17 - Capacity and Constraints Analysis
27:22 - Role and Responsibilities of a CFO
30:57 - Overview of Accounted For
36:13 - Contact Information for Eric
_________________________________________________________________________________
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.