Couverture de Your Practice Has Cash Sitting in the Bank. Here's What It Could Be Earning.

Your Practice Has Cash Sitting in the Bank. Here's What It Could Be Earning.

Your Practice Has Cash Sitting in the Bank. Here's What It Could Be Earning.

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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 _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/ Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 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. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/
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