Episode 63: Treat Your Practice Like an Investment (with Eric Miller)

One of the biggest investments you will make in your life is your practice! In order to make sure you get the most out of your investment down the road, it's important to sit down with a financial advisor and figure out how to increase the value of your investment and transition it into a forever plan. Today, Julie's chatting with Eric Miller of Econologics Financial Advisors about approaching financial planning with your best future in mind.

Eric Miller has been in the financial planning industry for over 20 years. He is Co-Owner of Econologics Financial Advisors and Chief Financial Advisor. He has a degree from Capital University and is a Registered Financial Consultant® (RFC) and Licensed Insurance Agent. He has managed over 500 Practice Owner Clients in various fields of healthcare. As the Chief Financial Advisor for the firm, Eric has had the good fortune to have had over 20,000 financial conversations with private practice owners guiding them into a more optimum financial condition using their proven system.

Episode Highlights:

• View your household as your "parent company"
  • This is the best mindset to start when it comes to financial planning
  • Owning real estate or having a 401K is considered an asset to your household
• In order to make the most of your investment, think about running your life like a business
  • Track metrics like you do in your business to keep track of spending
  • Minimize or eliminate debt
  • Ensure your income exceeds your expenses

Link & Resources:
GreenOak Accounting
Therapy For Your Money Podcast
Econologics Financial Advisors