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.

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.

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.

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.

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.

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.

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.