47 episodes

In this episode we explain about the distractions that keep you from focusing on what matters most in building your business and your personal empire.

The Financial Beast Podcast for Practice Owners Econologics Financial Advisors

    • Business
    • 5.0 • 3 Ratings

In this episode we explain about the distractions that keep you from focusing on what matters most in building your business and your personal empire.

    Election Fears? Why It Shouldn't Impact Your Investments!

    Election Fears? Why It Shouldn't Impact Your Investments!

    Are election fears paralyzing your investment decisions?
     
    Don't let the noise derail your path to financial freedom!
     
    In our latest episode, "Election Fears? Why It Shouldn't Impact Your Investments!", we dive deep into how elections truly affect the market and why you should remain focused on your long-term investment strategy. Join your Eric Miller and advisor Eric Gersch as they deliver expert advice, empowering you to take back CONTROL and build personal wealth.
    You'll learn why the market is fundamentally apolitical and how historical data shows consistent growth regardless of election outcomes. Discover the importance of diversification, having a solid investment strategy, and the benefits of dollar-cost averaging to minimize risks. Plus, get tips on how to maximize the value of your practice and expand your business, even in uncertain times.
     
    Key Topics Covered:- Apolitical nature of the market- Importance of a solid investment strategy- Benefits of dollar-cost averaging- Diversification for financial stability- Controlling your business and financial decisions
     
    Don't let election fears hold you back. Tune in now and secure your financial future!
    #FinancialFreedom #InvestmentStrategy #WealthBuilding #FinancialAdvisor #RecessionProof #PracticeOwner #ElectionsAndInvesting #DiversifyInvestments #FinancialStability #FinancialPlanning #FinancialLiteracy #FinancialAdvice
     
    CHAPTERS:00:00 - Intro01:32 - How to Invest Before an Election05:40 - Market Reaction to Different Presidents11:45 - Maintaining Your Investment Strategy15:18 - Advice for Investors17:05 - Dollar-Cost Averaging Explained21:06 - Lump Sum vs. Dollar-Cost Averaging22:14 - Importance of Having a Strategy23:16 - Handling Market Downturns24:29 - Controlling Financial Decisions25:20 - Wrapping 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.

    • 25 min
    The Truth About Vet Practice Costs: What You're Overlooking

    The Truth About Vet Practice Costs: What You're Overlooking

    The conversation covers several topics related to managing a veterinary practice, including cost of goods sold, staff wages, and the importance of good medicine. The guest, Len Donato, shares his experience of building a successful practice and emphasizes the importance of delegation and listening to clients. The conversation also touches on the significance of understanding the financial side of the business and controlling expenses. Specifically, the discussion focuses on managing cost of goods sold and the impact it can have on the practice’s profitability. The conversation covers topics such as inventory management, staff wages, and marketing expenses in a veterinary practice. The importance of proper inventory management is emphasized, with suggestions for tracking stock usage and ordering supplies just in time. The discussion also highlights the significance of managing staff wages and keeping them within a reasonable range of revenue. Marketing expenses are explored, with an emphasis on the effectiveness of word-of-mouth referrals and the use of online tools for marketing. The conversation concludes with insights on the importance of listening to others, doing the math, and gaining confidence as a practice owner.

    • 46 min
    The Annuity Debate: Hidden Risks Exposed! with Host, Eric Miller & Guest, Eric Gersch

    The Annuity Debate: Hidden Risks Exposed! with Host, Eric Miller & Guest, Eric Gersch

    Ready to unravel the SHOCKING TRUTH about annuities? In this eye-opening episode of the Financial Beast Podcast, your BFF (Best Financial Friend) Eric Miller and expert advisor Eric Gersch dive deep into the controversial world of annuities. We're breaking down the pros and cons, tackling the myths, and giving you the raw facts so you can take back CONTROL of your financial future!
    Are annuities worth it? Some love them, some hate them, but we're here to give you the unfiltered truth. Discover how annuity contracts can offer guaranteed income, principal protection, and serve as a viable bond alternative. Learn about the hybrid model that combines fee-based services with insurance sales and why it's crucial to understand the benefits and potential pitfalls of these financial tools.
    💼 Whether you're a financial advisor, a practice owner, or someone seeking financial freedom, this episode is packed with insights to help you maximize the value of your investments and build personal wealth. We're not just talking theory – we're giving you actionable strategies to become a Financial Beast and expand your business, even in a recession.
    🔑 Highlights:- Uncover the real differences between fee-only advisors, brokers, and hybrid models.- Explore the benefits of annuities, including lifetime income and tax-deferred growth.- Understand the trade-offs, such as surrender charges and opportunity costs.- Gain expert advice on how to strategically position annuities within your portfolio.
    Don't miss out on this crucial financial training – start your journey to financial independence now! Remember, Econologics Institute, LLC, and Econologics Financial Advisors are here to support you with expert guidance. Please note, this advice is general and you should consult your own professionals for personalized recommendations. 
    👍 Like, share, and subscribe to stay updated with more transformative content. Let's conquer the financial world together!

    • 29 min
    WIN Every Lease Negotiation: Secrets Landlords Won't Tell You with Host, Eric Miller & Guest, Michael Nula

    WIN Every Lease Negotiation: Secrets Landlords Won't Tell You with Host, Eric Miller & Guest, Michael Nula

    WIN Every Lease Negotiation: Secrets Landlords Won't Tell You
    Ready to WIN every lease negotiation and take back CONTROL of your financial future?
    Join Eric Miller and Michael Nula as they unveil the secrets landlords won't tell you, focusing on maximizing the value of your lease agreements for healthcare practices. Learn expert negotiation tactics, from building win-win relationships to securing favorable lease terms, that can help you expand your business and build personal wealth.
     
    In this eye-opening conversation, you'll discover:
    - The purpose and objectives of leasing for your practice.
    - Criteria for selecting the perfect location.
    - How to communicate the benefits of your practice to the landlord.
    - Key lease terms like personal guarantees, build-out arrangements, and rent negotiations.
    - The importance of thorough research and not settling for unfavorable deals.
    - Strategies for negotiating with vendors and employees to ensure a win-win outcome.

    • 38 min
    Protect Your Wealth: The Critical Estate Documents You Need with Host, Eric Miller & Guest, Eric Gersch

    Protect Your Wealth: The Critical Estate Documents You Need with Host, Eric Miller & Guest, Eric Gersch

    Take Back CONTROL: The Shocking Risks of Ignoring Estate Planning!
     
    Are you ready to maximize the value of your assets and build personal wealth?
     
    Dive into this eye-opening episode of the Financial Beast Podcast with Eric Miller and Eric Gersch. Estate planning isn't just for the wealthy; it's for anyone who wants to ensure their hard-earned legacy is protected.
     
    In this powerful discussion, we break down the essential documents you need for a foolproof estate plan:
    - Wills
    - Power of Attorney for financial and legal matters
    - Healthcare proxies
    - Living wills
    - Trusts
     
    Discover how these documents can protect your assets, appoint guardians for your children, and ensure your healthcare decisions align with your wishes. We uncover the shocking risks of ignoring estate planning, from losing control of your assets to unnecessary legal battles. Trusts, in particular, offer benefits like asset protection, privacy, and avoiding probate—a must for anyone serious about financial freedom and expanding your business.
     
    Don't let procrastination jeopardize your financial future.
    Take action now and secure your legacy!

    • 31 min
    NEVER Sell Your Business Without Knowing THIS! with Host, Eric Miller & Guest, Vinod Somareddy

    NEVER Sell Your Business Without Knowing THIS! with Host, Eric Miller & Guest, Vinod Somareddy

    Are you a practice owner contemplating selling your business?
     
    Before you make a move, take back CONTROL of your financial destiny and maximize the value of your hard work. In this insightful episode, Eric Miller dives deep with Vinod Somareddy, a highly successful physical therapy practice owner with over 10 locations and 200 employees, to uncover the crucial elements you MUST consider before selling.
     
    Vinod shares his firsthand experience and expert advice on the challenges of running a business remotely, the importance of a strong management team, and the critical factors like valuation, legacy, and growth potential with a partner or private equity firm. Discover how you can build personal wealth and achieve financial freedom by making informed, data-driven decisions.
     
    We also explore the often-overlooked aspects of selling a business, such as the need to have something meaningful to pursue afterward and understanding the changing market dynamics. Vinod offers a candid reflection on what he would have done differently in his journey, providing invaluable lessons for practice owners looking to expand their business or transition ownership successfully.
     
    Don't miss this empowering conversation that will equip you with the knowledge to become a Financial Beast! Start your financial training by signing up for courses or consultations and take control of your financial future today.

    • 48 min

Customer Reviews

5.0 out of 5
3 Ratings

3 Ratings

BrieGF ,

Pure Financial Gold from Eric!

What a great show for practice owners on how to handle their finances and more. Such financial gold coming from them!

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