Episode 271 | Burned Out and Still Not Building Wealth? Try These Retirement Strategies and Diversifying Income Ideas for Practice Owners with Eric Miller

Feeling stuck in your group practice and wondering how to finally build real wealth as a practice owner? 

If you've been pouring everything into your group practice but still feel like you're not gaining traction financially, this episode is for you. I sat down with Eric Miller, co-owner of Econologics Financial Advisors, to talk about the retirement strategies and financial freedom tips he suggests to help practice owners turn burnout into long-term success.

We talk about how to stop relying on traditional retirement plans that don't serve practice owners, and instead focus on building true wealth through diversifying income and treating your business like the investment it is. 

Whether you're deep into your group practice journey or just starting to scale, these retirement strategies will help you shift your financial outlook and take control of your future.

Here's what we dive into in this episode:

• Why traditional retirement strategies often fail practice owners, and what to focus on instead if you want lasting success
• How to start diversifying income beyond just adding new services — and why that matters for your long-term financial security
• The weekly habit Eric swears by that boosts income and supports sustainable diversifying income streams
• The biggest financial mistakes practice owners make — and the simple financial freedom tips that can help you avoid them
• What your practice space, staff, and systems might be hiding — and how to use them more effectively before expanding
  
  

If you've been looking for a roadmap to smarter retirement strategies, or just want some no-fluff financial freedom tips you can actually use, you're going to love this conversation. 

Eric and I talk honestly about what it takes to create multiple diversifying income streams, how to think like an investor, and why now is the time for every practice owner to start planning for the future.

 

LINKS:

Need extra support? Join The Exchange, a membership community just for group practice owners. 

The Group Practice Exchange Programs + Courses

The Accountability Equation™ Quiz

The Accountability Equation Book

Group Practice Forecasting Support GPT

 

CONNECT WITH MAUREEN WERRBACH & THE GROUP PRACTICE EXCHANGE:

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CONNECT WITH ERIC MILLER:

Website

Book: How To Become a Financial Beast

Free booklet: Financial Strategies Every Practice Owner Needs to Implement to Build Wealth

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SPONSORS:

TherapyNotes: An EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. Go to therapynotes.com/r/thegrouppracticeexchange for two free months! 

GreenOak Accounting: An accounting firm that specializes in working with group practices. Mention TGPE to get $100 off your first month!