Why the Wage Replacement Ratio Fails Practice Owners — and What to Focus on Instead

By Eric S. Miller For decades, financial professionals have leaned on one tidy little formula to help people figure out “how much” they’ll need in retirement. It’s called the Wage Replacement Ratio (WRR) — a percentage of your current income that supposedly predicts how much you’ll need once you stop working. If you’ve ever heard […]

Doctor’s Path to Financial Freedom & Purpose

Doctor's Path to Financial Freedom & Purpose

In this episode of the Financial Beast Podcast, Eric Miller sits down with Dr. Erik Lundquist to explore his inspiring journey from practicing medicine to building personal wealth while aligning with his life’s purpose.

The Overlooked Threat to Your Financial Plan

Why Every Professional Needs a Long-Term Care Strategy

Why Every Professional Needs a Long-Term Care Strategy By Eric S. Miller Most people spend decades building wealth, paying down debt, and saving for retirement—only to watch it unravel in the final years of life. It’s not from a bad investment or market crash. It’s from something far more predictable: the cost of long-term care. […]

5 Key Tips to Negotiate Your Practice Sale Right

5 Key Tips to Negotiate Your Practice Sale Right

Selling your practice is the biggest financial decision of your life—don’t leave money on the table! In this video, we share 5 key tips to negotiate your practice sale RIGHT and maximize the value of your hard work.

The Truth About the “Safe Withdrawal Rate” And Why It’s Anything but Safe

Eric Miller discusses the myth of the safe withdrawal rate and retirement income planning for practice owners.”

By Eric S. Miller For decades, investors and retirees have been told there’s a “safe” way to draw down their savings. The idea sounds comforting: take a small percentage of your retirement portfolio each year and you’ll never run out of money. The most popular version of this theory — known as the 4% rule […]

From Payout to Passive Income

From Payout to Passive Income

Are you ready to take back CONTROL of your financial future after selling your practice? In this episode of the Financial Beast podcast, Eric Miller, sits down with Nathan Shields, a former practice owner turned advisor, to discuss the dos and don’ts of investing practice proceeds.

How to Build a Successful Practice and Financially Secure Life

Practice owner building financial security through the Econologics Roadmap Financial Plan

By Eric S. Miller, RFC® For many practice owners, the idea of private practice ownership brings a mix of ambition and anxiety. You want to provide outstanding care, build a great team, and serve your community—but the thought of managing the financial side of ownership can feel overwhelming, especially if you aren’t trained in business. […]