Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.

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. Whether you're preparing to sell your practice or planning ahead for financial freedom, this episode is packed with actionable insights that will help you maximize the value of your hard-earned proceeds and build personal wealth.

Learn how to create a wealth-building strategy that works for you, avoid common investment pitfalls, and identify opportunities to expand your business or diversify your portfolio. Discover the importance of owning your practice’s real estate, finding the right financial advisor, and having a solid exit plan for long-term success. Nathan shares his personal journey, including the mistakes he made, the lessons he learned, and how he continues to grow his financial footprint through smart investments in real estate and cash-flowing assets.

At Econologics, we help practice owners like you become Financial Beasts, empowering you with the tools and strategies to achieve financial freedom. Like, share, and subscribe to start your journey toward wealth building today!

#financialadviceforpracticeowners #financialtipsforpracticeowners #financialadviceforowners #wealthbuildingforpractitioners #exitstrategiesforpracticeowners

CHAPTERS:

00:00 - Intro

01:00 - Welcome Nathan Shields

06:00 - Pre-Sale Thoughts and Considerations

12:55 - Tax Implications of Selling a Practice

16:04 - Concerns About Financial Windfall

17:42 - Mistakes Made with Received Funds

20:03 - Life After Selling Your Practice

23:18 - Key Deal Terms to Consider

26:38 - Current Investment Strategies

30:34 - Stock Market Investment Insights

34:30 - Exploring Private Lending Opportunities

35:48 - Diversification vs. Concentration in Investing

41:20 - Contacting Nathan Shields

42:24 - Connecting with Ryan and Aaron

42:31 - Outro

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🔒 Disclaimer

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.

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