The Financial Beast Podcast for Practice Owners

Disaster Strikes! Is Your Business Ready?

Are you ready to take back CONTROL and ensure your business is disaster-ready?
Join Eric Miller and Eric Gersch as they dive deep into the essentials of financial preparedness, offering expert advice to help you maximize the value of your efforts, build personal wealth, and achieve financial freedom.
In this compelling discussion, learn how to craft a robust business continuity plan, understand the intricacies of insurance coverage, and safeguard your practice against unexpected events.
Discover how maintaining positive relationships with competitors can be a lifeline during crises and why proper documentation and inventory management are crucial for recovery.
At Econologics Institute, LLC, affiliated with Econologics Financial Advisors, we're dedicated to empowering practice owners like you to become a Financial Beast, even in a recession. 
Your journey to expanding your business and ensuring resilience starts here!
Take the first step towards securing your future with our wealth building course designed for healthcare practice owners.
CHAPTERS:00:00 - Intro01:55 - Weather Events Preparedness06:46 - Financial Preparedness Strategies09:40 - Understanding Insurance Coverage16:07 - Business Operations Disruption19:50 - Business Continuity Plans Importance25:00 - Significance of Having a Plan27:04 - Closing Remarks_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

The Truth Behind Financial Advisor Designations

The Truth Behind Financial Advisor Designations
In this eye-opening episode of the Financial Beast Podcast, your BFFF, Eric Miller, together with Eric Gersch, dive into the world of financial advisors, revealing what those letters behind a name really mean and why they might not matter as much as you think. Learn how to maximize the value of your advisor by focusing on what truly counts: industry expertise, comprehensive planning, and a strong client-advisor relationship.
Become a Financial Beast by understanding the different types of advisors, from Registered Investment Advisors to insurance agents, and how their licensing, compensation, and oversight can impact your financial freedom.
If you're a healthcare practice owner, discover how advisors who understand your industry can help expand your business and build personal wealth even in a recession.
Join us and embark on your journey to financial empowerment today!
CHAPTERS:00:00 - Intro01:33 - Today's Discussion Topics05:48 - Choosing a Financial Advisor07:54 - Types of Financial Advisors Guide10:53 - Financial Advisor Oversight14:49 - Regulatory Authorities Explained14:55 - Common Financial Advisor Designations21:55 - Importance of Financial Designations25:05 - Standard of Care in Finance26:00 - Ryan's Designations Overview26:50 - Conclusion and Wrap-Up_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

The Truth About Getting Ahead: Income Isn't Everything!

The Truth About Getting Ahead: Income Isn't Everything!
Ready to take back CONTROL of your financial journey?
Discover the truth about getting ahead—because income isn't everything!
In this eye-opening episode of The Financial Beast Podcast, we dive deep into how you can maximize the value of every dollar and build personal wealth. Unravel the myths surrounding high income as the only path to financial freedom and learn how a balanced approach is key to becoming a Financial Beast.
Join us as we explore the crucial categories: lifestyle costs, savings and investments, and discretionary spending. Learn how saving 10% of your practice revenue or 20-30% of personal income can pave your way to financial independence!
Remember, it's not just about how much you earn, but how you manage it!
Embrace the power to shape your financial destiny today—because financial training is your gateway to thriving, even in a recession!
CHAPTERS:00:00 - Intro02:13 - Financial Independence Needs08:15 - Understanding Lifestyle Costs10:25 - Savings and Investment Strategies12:41 - Managing Discretionary Spending13:08 - The FIRE Method Explained17:05 - Optimal Savings Rate20:04 - Money Requirements for Success23:50 - Defining Financial Sufficiency25:10 - Personal Financial Goals27:18 - Thanks for Watching_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

The Ugly Truth About Private Equity: What You MUST Know

The Ugly Truth About Private Equity: What You MUST Know
Unlock the secrets of private equity and take back CONTROL of your financial future with this eye-opening episode!
Are you ready to maximize the value of your investments and build personal wealth?
Discover why private equity is not the "get-rich-quick" scheme some believe it to be. As your BFFF—Best Financial Friend Forever—Eric Miller, alongside expert Eric Gersch, I delve into the often-overlooked risks and realities of private equity investing. From gutting benefits to high-stakes business flipping, learn why this isn't a one-size-fits-all solution.
Your Financial Beast Training starts by understanding the true nature of private equity and how it compares to other asset classes. Gain the insights you need to become a Financial Beast and achieve financial freedom in a recession-prone world. Our expert discussion, backed by Econologics Institute, LLC, offers credible advice tailored specifically for healthcare practice owners.
Join us in expanding your business and securing your financial destiny!
Connect with us on social media and subscribe for more expert insights.
Together, let's empower you to transform your financial landscape!
CHAPTERS:00:00 - Intro01:38 - What is Private Equity07:13 - Funding Sources for Private Equity10:48 - Regulation of Private Equity Firms13:44 - Ideal Investors for Private Equity16:06 - Situations Where Private Equity is Beneficial16:51 - Analyzing Underlying Investments20:39 - Understanding Private Equity Returns24:45 - Final Thoughts on Private Equity Risks25:07 - How to Invest in Real Estate26:10 - Cautionary Advice on Private Equity27:13 - 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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

Avoid the Financial TRAPS Derailing Doctors' Wealth

Avoid the Financial TRAPS Derailing Doctors' Wealth
Unlock the secrets to avoiding the financial traps that often derail healthcare doctors' wealth.
Dive into this candid discussion with Eric Miller and Eric Gersch as they reveal how you can take back CONTROL of your financial destiny. Discover strategies to maximize the value of your hard-earned income and build personal wealth without falling prey to common pitfalls. From overspending on luxury cars and oversized homes to overproviding for children and investing in timeshares, learn how to steer clear of these traps and achieve true financial freedom.
Become a Financial Beast and start expanding your business with expert guidance tailored for healthcare practice owners. Our advice, grounded in years of experience, empowers you to make informed decisions that align with your professional and personal goals.
Ready to transform your financial future?
Take action today and secure a prosperous tomorrow for yourself and your family.
CHAPTERS:00:00 - Intro01:45 - Financial Traps for Healthcare Owners05:48 - Consumption Traps09:42 - Second Homes17:57 - Last Trap18:15 - Timeshares22:36 - Kid Trap24:30 - Financial Future Sacrifice for Kids25:40 - Overproviding for Your Kids27:27 - Seek Help and Support_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

Don't Let Poor Planning Destroy Your Practice Profits! Hosted by Eric Miller with Guest, Eric Gersch

Don't Let Poor Planning Destroy Your Practice Profits!
Unlock the secrets to financial freedom and protect your practice profits with expert advice on strategic planning!
In this eye-opening episode of the Financial Beasts podcast, Eric Miller and Eric Gersch delve into the essential strategies for effective financial planning. Learn how to take back CONTROL of your finances, maximize the value of every dollar, and build personal wealth that stands resilient against any recession. Discover insider tips on allocating funds to ensure your practice not only survives but thrives, setting the stage for growth and expansion.
This isn’t just about keeping your doors open – it’s about transforming into a Financial Beast and achieving true financial freedom. As a practice owner, you face unique challenges, but with guidance from Econologics Institute, LLC, and Econologics Financial Advisors, you're equipped with the tools to conquer them.
Don't let poor planning destroy your profits – take action now!
CHAPTERS:00:00 - Intro01:48 - Stock Market Trends03:35 - Effective Financial Planning09:52 - Allocating Money Wisely12:09 - Occupancy Expenses Breakdown14:41 - Divisional and Overhead Expenses19:07 - Understanding Profit and Margin19:25 - Wealth Storage Account Essentials19:41 - Tax Account Considerations23:02 - Business Expansion and Development Funds25:40 - Innovative Business Practices27:30 - Achieving a 20% Profit Margin29:30 - Monitoring Your P&L Regularly30:10 - Creating a Money Management System_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

The Hidden Cost of Ignoring Advisor Fees! Hosted by Eric Miller with Guest, Eric Gersch

The Hidden Cost of Ignoring Advisor Fees!
Are you maximizing the value your financial advisor brings, or are fees eating away at your potential?
Unlock the secrets to financial freedom and take back CONTROL of your wealth with our latest discussion!
Join your BFFF, Best Financial Friend Forever, Eric Miller, and Eric Gersch in this empowering Financial Beast podcast episode as they unravel the complexities of compensation models for financial advisors and spotlight the fee-based approach that empowers practice owners to expand their business and personal wealth.
Discover how our unique financial training model at Econologics Institute, LLC, affiliated with Econologics Financial Advisors, offers a holistic approach—combining planning fees, asset management fees, and commissions—to help you build personal wealth. This is your chance to become a Financial Beast and transform confusion into clarity.
Don't let recession fears hold you back. Embrace the education and action that lead to true financial control!
#FinancialAdvisorCommissions #AdvisorFeeStructures #FinancialIndustryConfusion #WealthManagementCosts #FeeBasedAdvisor
CHAPTERS:00:00 - Intro01:49 - Compensation Models for Financial Advisors03:55 - Commission-Based Advisor Payments05:58 - Fee-Only Advisor Payment Structure10:22 - Value of 1% Asset Management Fee14:45 - Fee-Based Advisor Overview21:22 - Our Business Model Explained24:30 - Client Services and Benefits25:17 - Financial Advisor Cost Breakdown26:50 - Rate of Return with Financial Advisors28:33 - Sources of Investment Returns30:24 - Financial Advisor Impact on Net Worth32:06 - Importance of Value Over Fees_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

Don't Panic! How to Manage Market Downturns Like a Pro Hosted by Eric Miller with Guest, Eric Gersch

Don't Panic! How to Manage Market Downturns Like a Pro
Welcome back to the Financial Beast podcast!
In this episode, Eric Miller and Eric Gersch dive deep into the recent market meltdown and share expert advice on how to navigate these turbulent times like a pro. If you're a healthcare practice owner or an associate, this episode is a MUST-WATCH to take back CONTROL of your financial future and maximize the value of your investments.
They emphasize the importance of having a well-diversified portfolio and advise against making impulsive decisions based on short-term market movements. Keep your focus on long-term goals and avoid emotional reactions. Learn the benefits of dollar-cost averaging and automatic savings plans, which can help build personal wealth and lead you to financial freedom even during a recession.
Like, share, and subscribe to our channel for more expert financial training and wealth-building tips!
Stay calm, stay focused, and take control of your financial destiny. Watch now and transform your approach to market downturns!
#EmotionalInvesting #WealthManagement #StrategiesForInvestors #MarketVolatility #DollarCostAveraging
CHAPTERS:00:00 - Intro01:52 - Global Market Meltdown06:12 - Market Sell-Off Strategies12:39 - Healthcare Performance in Economic Crises16:54 - Immediate Actions for Investors20:05 - Pre-Crisis Investment Strategies22:34 - Portfolio Risk Assessment24:30 - Buying the Dip: Investor Behavior25:55 - Systematic Savings and Investment Plans28:34 - Outrod wealth-building tips!_________________________________________________________________________________
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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

Private Practice Website Secrets: Stand Out or Fail with Host, Eric Miller & Guest, Cebron Walker

Private Practice Website Secrets: Stand Out or Fail
Are you a private practice owner looking to stand out in a crowded market?
In this engaging conversation, Cebron Walker and Eric Miller delve into the essential strategies you NEED to implement to elevate your practice above the competition and attract more clients or patients.
From the importance of having a professional, top-notch website that resonates with potential customers, to optimizing your Google Business profile with recent, high-quality photos and accurate information—this video covers it all. Learn why investing in advertising and maintaining a marketing budget is crucial for driving new patients or client traffic, and how you can utilize social media effectively to enhance your online presence and engagement.
Key Takeaways:
- Website Optimization: Ensure your website is more than just a digital business card; it should reflect the quality and personality of your practice.
- Google Business Profile: Keep it updated with recent photos and correct information to improve your local search ranking.
- Social Media Presence: Engage with your community by posting authentic, relatable content that resonates with your target audience.
- Marketing Budget: Allocate funds wisely to maintain a steady influx of new clients or patients, especially during traditionally slow months.
Don't miss out on these private practice website secrets that can propel your business to new heights. Take control, maximize value, and build your wealth by implementing these actionable insights today.
#MarketingForHealthcareProfessionals #PrivatePractice #HealthcareMarketing #MarketingSecrets #EngagingWithPatientsOnline
CHAPTERS:00:00 - Intro01:53 - Seasonality in Healthcare Trends06:07 - Fixing Slow Months in Healthcare11:28 - Getting Started with Marketing Strategies14:04 - Optimizing Google Business Profile18:10 - Effective Social Media Strategies22:34 - Successful Practices Marketing Techniques27:45 - Marketing Liaison Role and Responsibilities30:45 - Business Growth Strategies for Practices34:15 - Final Thoughts and Contact 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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.

Avoid These Common Exit Plan Mistakes! (75% Fail) with Host, Eric Miller & Guest, Amit Gaglani, PT

Avoid These Common Exit Plan Mistakes! (75% Fail)
Take back CONTROL of your financial future and avoid the common exit plan mistakes that 75% of practice owners make!
In this power-packed episode of the Financial Beast Podcast, host Eric Miller dives deep with Amit Gaglani PT, OCS, as he shares his journey of successfully selling his physical therapy practice for millions. Discover the strategies and insights that can maximize the value of your practice and attract potential buyers who will be salivating over your business.
Amit discusses the importance of strategic planning, understanding financial concepts like profitability, EBITDA, and cash flow, and why having a power team is crucial during the acquisition process. Learn how to build a practice that thrives independently of the owner, ensuring financial freedom and a lucrative exit. 
If you're a practice owner focused on day-to-day operations, it's time to shift your mindset and become a Financial Beast! Empower yourself with the knowledge to navigate the due diligence process, negotiate effectively, and plan your exit strategy with confidence.
Don't miss out on this opportunity to build personal wealth and secure your financial future.
#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #MaximizeValue #BusinessGrowth #Econologics #FinancialBeast #BusinessConsultant #ExitStrategy #FinancialControl #PrivateEquity #PracticeValuation
CHAPTERS:00:00 - Intro1:36 - Why You Need an Exit Plan5:18 - What Buyers Want in a Business11:25 - What Makes a PT Practice Valuable13:49 - Do PT Owners Negotiate Enough17:43 - When Did You Start Looking at Your Practice as an Investment19:44 - The Importance of Financial Control24:50 - The Most Stressful Part of Exiting a Business32:40 - Would You Do It Again34:15 - What Would You Do Differently35:08 - Do Your Homework on the Buyer36:03 - What to Do with the Proceeds41:51 - Life After Exiting43:57 - What Are You Doing Now45:10 - How to Reach Amit45:53 - 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/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: 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.