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How much money do you really need to live without financial stress? Most “gurus” throw out random numbers… but today, we break down the real wealth thresholds that determine financial freedom, security, and long-term stability for practice owners.
In this episode of the Financial Beast Podcast, Eric Miller (Chief Adviser & Co-Owner at Econologics Financial Advisors) and Eric Gersch, Financial Advisor, reveals the truth behind numbers like $5 million, $7 million, $10 million, and even $20 million—what each level actually means for your life, your income, your retirement, and your family’s financial future.
If you’re a healthcare practice owner wondering how much net worth you really need to live your ideal life, this breakdown will change everything.
In This Episode You’ll Learn:
- ✔️ Why $5M is the true “minimum freedom number
- ✔️ What $7M vs. $10M really means in lifestyle terms
- ✔️ How practice owners should structure wealth outside their business
- ✔️ The danger of listening to online financial influencers
- ✔️ The hidden expenses people NEVER factor into retirement
- ✔️ Why long-term care can destroy a weak financial plan
- ✔️ How to build “indestructible wealth” over time
Want to schedule a free consultation?
Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0