The Financial Beast Podcast for Practice Owners Titelbild

The Financial Beast Podcast for Practice Owners

The Financial Beast Podcast for Practice Owners

Von: Econologics Financial Advisors
Jetzt kostenlos hören, ohne Abo

Saisonale Sparangebote | 0,99 € pro Monat für die ersten 3 Monate

Danach 6,99 €/Monat. Bedingungen gelten. Monatlich kündbar.
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!Sage Assets, LLC. Copyright 2022 All rights reserved. Persönliche Finanzen Ökonomie
Folgen
  • She Grew From 1 to 3 Veterinary Practices—Here’s How

    She Grew From 1 to 3 Veterinary Practices—Here’s How
    Sep 25 2026
    How do you grow a veterinary practice from a small operation into a multi-location business without having to personally manage every employee, every decision and every dollar? Eric Miller sits down with Dr. Katie Stover. Dr. Stover is the owner of Red Barn Animal Hospital. Over nearly a decade of ownership, the business has grown from 11 employees to 32, now includes seven veterinarians, and Katie is currently working on acquiring a third location. But scaling the practice required Katie to change how she operated as an owner. In this episode of the Financial Beast Podcast, Katie breaks down what she's learned about veterinary practice ownership, building a management team, expanding locations, managing cash flow and making sure the success of the business also creates financial progress at home. You'll discover: • How Katie became a veterinary practice owner early in her career • Why having the previous owner as a mentor helped her transition into ownership • How becoming a mother forced her to build a stronger management team • How she grew from 11 employees to 32 • What it takes to manage seven veterinarians across multiple locations • Why hiring self-managing people became critical to the practice • How Katie expanded the physical footprint of the business • Why she bought 13 acres and built a 6,000-square-foot veterinary facility • How she thinks about seasonal cash flow and financial reserves • Why practice owners need to pay themselves first • How owning veterinary real estate contributes to long-term wealth • Why Katie is preparing for her eventual exit years before she plans to sell • How she's building retirement assets without depending entirely on the sale of the practice • Why she would rather have control over who eventually buys the business • What Katie would tell veterinarians who are afraid of practice ownership Katie's story is a great example of what happens when a veterinarian stops trying to personally carry the entire business and starts building the people, systems and financial structure necessary to scale. And perhaps most importantly, the practice isn't the end goal. It's an asset that's supposed to create a better life for the owner. If you're a veterinarian, physical therapist, dentist, optometrist, chiropractor or other healthcare practice owner trying to grow your business while building personal wealth, this episode is for you. CHAPTERS: 00:00 Scaling a Successful Veterinary Practice 03:10 Becoming a Veterinary Practice Owner 06:08 Building a Management Team 07:11 Growing to Three Veterinary Locations 11:29 Growing From 11 to 32 Employees 13:13 Managing Seven Veterinarians 16:09 Paying Yourself as a Practice Owner 18:00 Managing Veterinary Practice Cash Flow 20:35 Building Wealth Through Veterinary Real Estate 21:53 Preparing to Sell a Veterinary Practice 27:20 Why Veterinarians Should Consider Ownership 29:03 The Highs and Lows of Veterinary Ownership _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/ Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/
    Mehr anzeigen Weniger anzeigen
    35 Min.
  • Which Retirement Accounts Should You Withdraw From First?

    Which Retirement Accounts Should You Withdraw From First?
    Oct 16 2026
    Which retirement accounts should you withdraw from first? After decades of saving, investing, and building wealth, knowing when and how to start spending your money can be one of the hardest parts of retirement. For successful healthcare practice owners, the challenge is especially important. Your wealth may be spread across 401(k)s, IRAs, Roth accounts, brokerage investments, real estate, annuities, life insurance, and the proceeds from selling your practice. So where should your retirement income actually come from? In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersch break down how they approach retirement income planning, which assets they generally consider using first, and how to create income while protecting your long-term financial security. In this episode, you'll learn: • Why transitioning from saving to spending is so difficult • Why your net worth doesn't necessarily have to decline in retirement • Which retirement accounts to consider withdrawing from first • Why traditional IRAs and 401(k)s can create tax challenges • How required minimum distributions (RMDs) affect retirement planning • When Roth IRAs can provide tax flexibility • How annuities and certain life insurance policies can provide lifetime income • Why guaranteed income can reduce retirement anxiety • How brokerage accounts can supplement retirement income • How Social Security and rental income fit into the plan • Why the timing of withdrawals matters for taxes • How part-time work can reduce pressure on your investments • How to enjoy retirement while still planning for your family's future The goal isn't simply to accumulate the largest possible retirement account. It's to build a retirement income strategy that allows you to enjoy the wealth you've created while maintaining financial security. If you're a veterinarian, physical therapist, dentist, optometrist, chiropractor, or other healthcare practice owner approaching retirement or preparing to sell your practice, this conversation will help you understand the decisions ahead. Subscribe to the Financial Beast Podcast for practical financial strategies, practice growth advice, retirement planning, exit planning, and wealth-building guidance for healthcare practice owners. CHAPTERS 00:00 When Should You Start Spending Retirement Savings? 01:43 Why Retirement Income Planning Matters 03:38 The Fear of Spending Your Retirement Savings 05:20 Can Your Net Worth Keep Growing in Retirement? 07:15 When to Withdraw From 401(k)s and IRAs 08:35 Required Minimum Distributions Explained 09:19 How Roth IRAs Fit Into Retirement Income 10:02 Which Retirement Income Sources to Use First 10:49 Annuities and Life Insurance Income Explained 12:48 How Guaranteed Retirement Income Works 14:57 Why Guaranteed Income Reduces Retirement Stress 17:10 Using Brokerage Accounts in Retirement 18:32 When Should You Claim Social Security? 20:20 Combining Multiple Retirement Income Sources 21:30 Tax-Efficient Brokerage Account Withdrawals 22:25 Working Part-Time During Retirement 24:24 Enjoying Retirement on Your Own Terms _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/ Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/
    Mehr anzeigen Weniger anzeigen
    25 Min.
  • You Make Great Money. So Why Do You Still Feel Financially Stressed?

    You Make Great Money. So Why Do You Still Feel Financially Stressed?
    Oct 9 2026
    Your practice is successful. You're making good money. You have investments. Maybe you don't even have much debt. So why do you still feel financially stressed? In this solo episode of the Financial Beast Podcast, Eric Miller breaks down something he's seeing among successful healthcare practice owners: making more money doesn't automatically create financial confidence. In fact, having significant cash coming in without a clear plan for what to do with it can create an entirely different kind of financial anxiety. Eric breaks down what practice owners should be thinking about right now, from giving every dollar a job to protecting liquidity, building reserves, investing during volatile markets and demanding more from your financial team. In this episode: • Why successful practice owners can still experience financial anxiety • Why every dollar should have a job before it arrives • How to think about investing during volatile markets • Why dollar-cost averaging can become valuable when markets decline • How higher interest rates can change your cash strategy • Why Eric is looking at short-term Treasuries for liquidity • How much cash a practice should keep in reserve • Why your household needs its own financial reserves • Why having available lines of credit matters before you need them • How economic fear can lead practice owners into bad financial decisions • Why you should demand more communication from your financial advisor • What your financial team should actually be helping you accomplish • Why chasing unrealistic investment returns can destroy a good financial plan • Why every practice owner needs to become the CFO of their own financial life The goal isn't simply to make more money. It's to know how to acquire, control and invest that money so your practice can create financial independence for you and your household. If you're a veterinarian, physical therapist, dentist, optometrist, chiropractor or other healthcare practice owner who earns well but still doesn't feel completely in control of your finances, this episode is for you. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and personal wealth-building strategies designed specifically for healthcare practice owners. CHAPTERS 00:00 Why Successful Practice Owners Still Feel Financial Stress 02:07 Who Financial Beast Is Really For 03:24 Financial Anxiety When You're Making Good Money 05:39 Why Every Dollar Needs a Job 06:27 Investing During Economic Uncertainty 08:14 Dollar-Cost Averaging During Market Volatility 09:15 Rethinking Cash and Treasury Bills 11:03 How Much Cash Should Your Practice Keep? 14:12 Why You Need Credit Before You Need It 14:55 Don't Let Bad Economic News Control Your Decisions 17:13 Demand More From Your Financial Advisor 21:07 The Danger of Chasing Huge Investment Returns 24:29 Why Money Needs a Leader _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/ Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/
    Mehr anzeigen Weniger anzeigen
    27 Min.
adbl_web_anon_alc_button_suppression_t1
Noch keine Rezensionen vorhanden