The Financial Beast Podcast for Practice Owners

Are You Making These Costly Mistakes When Selling Your Practice? with Eric Miller & Eric Gersch

Unlock the secrets to selling your practice with confidence! In this must-watch video, Eric Miller and Eric Gersch dive deep into the strategies every practice owner needs to know to avoid costly mistakes when selling their business.
Discover how to take back CONTROL and maximize the value of your life's work, ensuring you build personal wealth and achieve financial freedom.
Learn how to become a Financial Beast by planning ahead, understanding your reasons for selling, and navigating the negotiation process like a pro. 
Our experts at Econologics Financial Advisors, LLC, offer unparalleled insights tailored to the unique challenges faced by practice owners.
Connect with us to learn more about our wealth-building courses and gain access to expert financial advisors who understand the healthcare industry.
Become part of a community that thrives on expanding your business and securing your financial destiny.
Don't wait—seize the opportunity to transform your financial future now!
CHAPTERS:00:00 - Intro02:06 - Politics Discussion07:26 - First Steps in Selling a Business10:25 - Business Valuation Insights13:56 - Post-LOI Process Explained19:35 - Analyzing Income After Sale24:04 - Key Takeaways Recap28:25 - Strategic Investment Approach31:22 - Final Thoughts on Selling_________________________________________________________________________________
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.

Is Your Retirement Savings Plan Enough? with Eric Miller & Eric Gersch

Unlock your financial freedom and avoid the retirement mistake most practice owners make!
Dive into our expert discussion as Eric Miller and Eric Gersch reveal how to take back CONTROL of your financial destiny. Discover the key to maximizing the value of your practice, closing the wealth gap, and building personal wealth. With tailored advice from Econologics Financial Advisors, LLC, you’ll learn to become a Financial Beast, securing your future against any recession.
Join us for a motivational journey that empowers you to expand your business and achieve financial independence. This video is part of our comprehensive financial training and wealth building course designed specifically for healthcare practice owners.
Econologics Financial Advisors, renowned for their expertise, provide educational insights to guide you.
Take the first step toward mastering your finances and securing the retirement you deserve!
#navigatingretirement #retirementcashflow #maximizingretirementincome #financialreadiness #financialpreparedness
CHAPTERS:00:00 - Intro01:51 - Catching Up04:29 - Retirement Savings Needs12:34 - Calculating Wealth Gap17:12 - Increasing Business Value23:20 - Smart Investment Strategies24:30 - Understanding Your Wealth Gap25:10 - Defining Your Retirement Number28:40 - Closing the Wealth Gap
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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.

Is Your Practice at Risk?: The Shocking Truth About Employee Theft with Eric Miller & Eric Gersch

Ready to take back CONTROL of your practice's financial future?
Discover the shocking truth about employee theft in vet clinics and learn how to protect your hard-earned assets.
As a practice owner, you face unique challenges in maintaining financial security, but with the right strategies, you can maximize the value of your business and build personal wealth. 
Join the experts, Eric Miller and Eric Gersch, at Econologics Financial Advisors, as they delve into real-world examples and share proven protocols to safeguard your practice from internal threats.
This educational video is your gateway to becoming a Financial Beast, ensuring financial freedom even in a recession.
Our wealth building course empowers you with the tools to expand your business and achieve your financial dreams.
Stay informed, stay secure, and take control of your financial destiny!
#cybersecurity #financialsecuritytips #financialeducation #internalfraud #losspreventionsystems #motorcyclealarmsystem #theftprevention #crime #healthcareprofessionals #smallbusiness
CHAPTERS:00:00 - Intro01:14 - Mark Cuban’s Employee Theft Case05:14 - Preventing Employee Theft Strategies11:06 - Identifying Potential Thieves13:22 - Theft Prevention Best Practices21:20 - Employee Theft Insurance Options22:20 - Cybersecurity Risks and Solutions23:15 - Final Thoughts on Theft Prevention24:00 - Avoiding Scams in the Workplace25:00 - 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.

Disaster Strikes! Is Your Business Ready? with Eric Miller & Eric Gersch

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 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 with Eric Miller & Eric Gersch

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 with Eric Miller & Eric Gersch

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 with Eric Miller & Eric Gersch

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 with Eric Miller & Eric Gersch

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.