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Your healthcare practice could have hundreds of thousands of dollars sitting in a business checking or savings account. But is that cash actually working for you?
When interest rates rise, most people focus on the negatives: higher borrowing costs, expensive mortgages, and pressure on investments.
But higher interest rates can also create opportunities for healthcare practice owners who know where to look.
In this solo episode of the Financial Beast Podcast, Eric Miller explains how rising interest rates can benefit savers, investors, retirees, and practice owners with significant cash reserves.
From short-term Treasury bills to bonds, annuities, and commercial real estate, Erik breaks down the opportunities that can emerge when interest rates move higher.
In this episode, you’ll learn:
- Why rising interest rates aren’t always bad for your finances
- How higher rates can benefit people holding significant cash
- Why your business checking account may not be the best place for excess cash
- How short-term Treasury bills work
- Why Treasury interest generally receives favorable state income tax treatment
- How business brokerage accounts can fit into a cash management strategy
- Why higher bond yields can benefit some retirees
- What happens to existing bond prices when interest rates rise
- How higher rates can affect annuity and lifetime income options
- What practice owners should consider when managing variable-rate debt
- Why rising rates can create opportunities in commercial real estate
- How to evaluate cash-flowing property when borrowing costs are higher
The key is understanding how changes in interest rates affect different parts of your financial life.
For healthcare practice owners, the goal isn’t simply to grow your business. It’s to make sure the money your practice generates helps build long-term financial independence for you and your household.
If you’re a veterinarian, physical therapist, dentist, optometrist, chiropractor, or other healthcare practice owner, this episode will help you think differently about cash management and investment opportunities.
Subscribe to the Financial Beast Podcast for financial planning, practice growth, wealth building, retirement strategies, and practice exit planning designed specifically for healthcare business owners.
CHAPTERS:
00:00 How to Benefit From Rising Interest Rates
01:03 Why Higher Interest Rates Create Opportunities
02:00 Financial Planning for Healthcare Practice Owners
03:32 Are Rising Interest Rates Really Bad?
04:23 How Federal Reserve Rates Affect Borrowers
05:12 Why Higher Rates Can Benefit Savers
06:05 Short-Term Treasury Bills Explained
07:16 How to Invest Business Cash in Treasuries
08:29 Why Excess Business Cash Should Work Harder
08:56 Higher Bond Yields and Retirement Income
09:52 What Happens to Bonds When Interest Rates Rise?
11:48 Annuities and Life Insurance in a High-Rate Environment
13:29 How Higher Rates Can Improve Annuity Income Options
15:03 Managing Practice Debt When Rates Rise
15:58 What Higher Interest Rates Mean for Stocks
16:34 Private Lending and Interest Income
17:18 Reviewing Your Financial Strategy
18:13 Buying Commercial Real Estate With Higher Rates
19:42 Final Thoughts on Rising Interest Rates
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