Shows
The Optometry Money PodcastFour Common Investment Mistakes Optometrists Should AvoidQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Episode 146 – Four Common Investment Mistakes Optometrists Should AvoidAs an optometrist and practice owner, you’ve got enough on your plate running a household, practice, and career - but what about your investments?In this episode of the Optometry Money Podcast, Evon Mendrin, CFP®, CSLP®, walks through the four most common investment mistakes he sees optometrists make when they come to his firm - mistakes that can quietly cost you over your career...
2025-08-2123 min
The Optometry Money PodcastAre Individual Bonds Safer Than Bond Funds? What Optometrists Need to KnowQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Are individual bonds better than bond funds? What’s the actual difference between the two—and why does it matter for your investment strategy?In this episode, Evon Mendrin, CFP®, CSLP®, dives into the key distinctions between individual bonds and bond funds, and what private practice optometrists need to consider when deciding between them. Whether you're aiming for stability, income, or long-term growth in your portfolio, understanding how these investment tools work can guide better financial decisi...
2025-06-2728 min
The Optometry Money PodcastWhat Most Investors Get Wrong About Dividend InvestingQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dividend investing is one of the most passionately followed strategies online - yet much of the enthusiasm is driven by misunderstandings of how dividends work. In this episode, Evon Mendrin, CFP®, CSLP® of Optometry Wealth Advisors, dives deep into how dividends actually work, why they aren’t “free money,” and what ODs need to understand before chasing high-dividend stocks or funds - especially in taxable accounts. He also explores when, despite all of this, a dividend-focused approach might still be...
2025-06-1332 min
Financially Free DentistsLife Insurance for Dentists: When It Matters, What to Buy, and Common MistakesLife insurance isn't the most exciting topic — but it can be an important one, especially as your career and family grow. We sit down with Ben Lacomis, CSLP®, a financial planner here at SLP Wealth, who started his career at one of the big Fortune 100 mutual insurance companies. Now, as a fiduciary advisor, he brings a balanced perspective on how to think through your options. We talk about when life insurance makes sense, how your needs change over time, and what to know about term vs. permanent policies. You'll also hear some offbeat real-life examples (yes, people rea...
2025-05-0845 min
Financially Free DentistsFrom Patients to Pacifiers: How Dentists Can Prepare for ParenthoodStarting a family is a huge milestone, but how do you make it work financially as a dentist? Whether you're in dental school, working as an associate, or running your own practice, family planning comes with big decisions — both personal and financial. SLP Wealth partner and financial planner Sim Terwilliger, CFP®, CSLP® joins us to break down the real considerations dentists face when growing their families. We'll cover everything from timing your family plans around your career to managing parental leave, childcare costs, and practice ownership. If you're wondering when the right time is to have kids or h...
2025-02-2731 min
Financially Free Dentists1099 or W-2? Tax and Financial Impacts for DentistsLearn how employment classification can make or break your financial plan as we explore the key differences between 1099 independent contractor roles and W-2 employee positions. Special guest Kathleen Boyd, CFP®, CSLP®, CBDA, from the SLP Wealth dental planning team, joins us and shares expert insights on how each option affects your taxes, benefits, legal protections, and long-term financial goals. If you're an associate evaluating job offers or a practice owner deciding how to structure your team, tune in to discover how to choose the path that sets you up for success, both in your practice and your fi...
2025-01-3027 min
The Optometry Money PodcastSavings Rate: The Ultimate Indicator of Future Financial SuccessQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In this episode, your host, Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, dives into the critical importance of your Savings Rate as a foundation for financial independence. We explore how incremental improvements—or marginal gains—can lead to exceptional results.What You’ll Learn in This Episode:The Story of Marginal Gains: How Sir Dave Brailsford’s focus on 1% improvements led the British cycling team to Olympic gold and what that means for...
2025-01-1719 min
The Optometry Money PodcastKey 2025 Financial and Tax Updates Every Optometrist Should KnowQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In this episode, your host, Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, dives into the critical financial and tax updates optometrists need to know as we head into 2025. Whether you're an associate OD, a private practice owner, or planning to start your own practice, these updates are vital to helping you make informed financial decisions.What You'll Learn in This Episode:Retirement Account Contribution Limits for 2025:Updates for 401(k), SIMPLE IR...
2025-01-0930 min
Financially Free DentistsFinancial Fitness for Dentists: Your 2025 Gym Membership Plan Still recovering from December's spending spree? If your finances could use a reset, we've got you covered. Enter "financial hibernation" — our go-to strategy for bouncing back after the holidays. Instead of vague New Year's resolutions, we're focusing on what really works for dental professionals who want to build wealth in 2024. Join Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, to explore 401(k) retirement options for practice owners and 1099 associates, tools like Monarch Money to make tracking your finances actually enjoyable (yes, really), and the "Financially Wrapped" approach to revamp your money habits. Plus, get the latest on retirement trends...
2025-01-0235 min
Veterinary Financial PodcastWorking More Than Expected: Unpacking New Grad DataNew grad veterinarians are clocking in far more hours than they expected — 5 extra hours a week, to be exact. It may not sound like much, but it adds up to six full weeks of additional work. That’s six weeks of your year gone. Financial planners Meredith Jones, DVM, CSLP®, AFC®, and David Aizuss, CSLP®, unpack surprising findings from the AVMA Business and Economic Forum and explore what’s driving the gap between expectations and reality. They dig into the data, break down the post-pandemic shifts shaping the industry, and ask the big questions about what it means for the futur...
2024-12-1923 min
Financially Free DentistsSmart Ways to Buy and Depreciate Practice Equipment Depreciation isn't just what happens quickly to your new Cybertruck — it's a strategy that could save you thousands. Logan Foltz, MD, EA, tax manager at SLP Wealth and former physician, joins Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, to break down equipment depreciation and tax planning tips for dental practices and 1099 associates. You'll learn from real-world examples like depreciating an $80,000 CBCT machine, vehicle expense deductions, business vs. personal use, and airtight expense tracking for tax compliance. We'll explore surprising things you might be able to depreciate, how to time purchases for maximum tax savings...
2024-12-1935 minVeterinary Financial PodcastMistakes Vets Make with Roth IRAsRoth IRAs are powerful tools, but they can be tricky to navigate. Financial planners Meredith Jones, DVM, CSLP®, AFC®, and David Aizuss, CSLP®, share the top mistakes they’ve seen veterinarians make when it comes to Roth IRAs. From earning limits to backdoor Roths and knowing when a Roth IRA isn’t the best fit, you’ll get clear, practical advice to feel confident about your financial future.Key moments:03:31 Roth IRA earning limits and how they impact your ability to contribute11:21 The biggest mistake vets need to avoid with backdoor Roth IRAs16:0...
2024-12-0534 min
Financially Free DentistsYou're a Practice Owner, Now What? You've taken the leap and bought your own dental practice — congratulations! Owning a practice is a huge milestone, but it also comes with a big question: what's next? Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, walk you through the key steps that will help you build a successful practice and keep your finances on track. But it's not just about the numbers. Great leadership and a strong vision are just as important as a solid financial foundation, and we cover that, too. Key moments: (05:35) The must-know basics of bookkeeping, LLCs, and managin...
2024-12-0541 minVeterinary Financial PodcastTop 5 Questions on Investing from VeterinariansCurious about the top investing questions veterinarians are asking? We turned to the Debt Free Vets Facebook group to find out what’s on their minds. From saving for retirement without an employer plan to tackling the student loan tax bomb, these are the biggest concerns vets are discussing. Financial planners Meredith Jones, DVM, CSLP®, AFC®, and David Aizuss, CSLP®, break it down with clear answers and actionable advice.Key moments:[01:35] What to know about saving for retirement without an employer plan[05:15] Smart strategies to invest and prepare for the student loan tax bomb
2024-11-2131 min
Financially Free DentistsNavigating Post-Election Uncertainty for DentistsThe election sparked uncertainty and possible changes, leaving many dentists wondering how to protect their financial future. Join financial planners Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, as well as special guest Travis Hornsby, CFA®, CFP®, to explore how the election could affect your personal finances. Key moments: (03:04) Self-care routines we use to recover from burning the candle at both ends (05:46) Why dentists need this podcast to help grow wealth (10:28) Get clarity on whether your student loan strategy needs to change post-election (15:14) What a second Trump term could mean for dentis...
2024-11-2129 minVeterinary Financial PodcastVet-Specific Financial Planning Can Transform Your Career (and Life)Tired of financial advice that doesn't account for ProSal, production bonuses, or your mountain of student debt? Financial planners Meredith Jones, DVM, CSLP®, AFC®, and David Aizuss, CSLP®, reveal insider strategies that have helped over 200 veterinarians build wealth. You deserve more than one-size-fits-all financial advice — discover how to fast-track your path to financial success with strategies made for DVMs.Key moments:07:05 Fluctuating income? How to make the most of every paycheck10:04 Plan ahead for career transitions with a solid financial game plan14:13 Vet med career paths, from practice ownership to exploring new directions14:53 DVM mortgage vs. a con...
2024-11-0723 min
Financially Free DentistsSurprising Reasons NOT to Buy a Dental PracticeBuying or starting a dental practice is a major financial and professional commitment — and one of the best ways to grow your net worth while gaining work flexibility. But is it always the right move? Join financial planners Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, as they explore the top reasons not to buy a practice. While we're strong advocates for dental practice ownership, we also know that the "perfect" practice on paper can sometimes turn into financial regret. Discover the common pitfalls and misconceptions that lead dentists to buy for the wrong reasons, and make su...
2024-11-0731 min
Financially Free DentistsWelcome to Financially Free DentistsJoin me Conor Mahlmann, CFP®, CSLP® and my co-host Jake Courtney, CFP®, CSLP® on a journey for dentists eager to take control of their financial futures—without the pain of a dental drill! Each episode explores the unique challenges and opportunities in dentistry, offering insightful tips and plenty of laughs (because finance doesn't have to be boring). From managing debt to smart investing to practice management, we cover everything essential and outrageous. Because financial health for a dentist is about crafting a career and lifestyle that makes you and your patients smile. Whether you're an associ...
2024-11-0400 min
The Optometry Money Podcast(Rewind) An Optometrist's Guide to The Qualified Business Income DeductionQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In this replay of a popular 2023 episode, Evon revisits an important tax planning topic for optometry practice owners and independent contractors - the Qualified Business Income Deduction!He dives into what the deduction is, how it's calculated, its limitations and phase outs, how it works differently in different business types, and planning considerations to keep in mind.Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an...
2024-04-1830 minThe Optometry Money PodcastFinancial Planning for Optometrists: Part Two (Guest Appearance on The Four Eyes Optometry Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.This episode plays Part 2 of Evon's recent guest appearance on the Four Eyes Optometry Podcast. Evon joins Lainey Bokhaut, CPA in Canada, as a guest to talk about foundational financial decisions optometrists need to make - especially as they transition from school to practice.We dive into the basics of different business entities for practices and independent contractors, the importance of disability and other types of insurance, what professionals should be involved in your life and when you s...
2024-02-2947 minThe Optometry Money PodcastFinancial Planning for Optometrists: Part One (Guest Appearance on The Four Eyes Optometry Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.This episode plays Evon's recent guest appearance on the Four Eyes Optometry Podcast. In Part 1 of 2, Evon joins Lainey Bokhaut, CPA in Canada, as a guest to talk about foundational financial decisions optometrists need to make - especially as they transition from school to practice. We dive into debt decisions and how to tackle student loans, we talk about differences between retirement accounts and how to decide between them, we talk tradeoffs between investing and debt payments, and...
2024-01-1049 minThe Optometry Money Podcast(Rewind) 5 Levers to Control Capital Gains on Your Tax ReturnQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.As we get into the holiday seasons and end of the year, it's time for a rewind of a popular 2022 episode on managing taxes through capital gains! Evon continues the year-end tax planning theme and talks all about how investment income and capital gains impact your tax return.He dives into how your investment account creates income, how it's taxed, and 5 levers you can pull to control capital gains on your tax return. This episode is...
2023-11-1642 minThe Optometry Money PodcastIntro to Optometry Practice Valuations with Erich MatteiQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What's the value of your optometry practice? What goes into a practice valuation?Erich Mattei of Akrinos joins the podcast to provide an introduction to optometry practice valuations. Erich dives into his work with valuations, three general approaches to valuating businesses, and when practice owners should start considering their practice's value. Lastly, he discusses how valuations can be improved and ways current valuation methods and recent high valuations are creating roadblocks for the successful...
2023-10-1832 minThe Optometry Money PodcastPartnering With an Independent Lab and Maintaining Independence with Ben Collier and Dan KorolevQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Do the partners and vendors in your practice have the same values of independence as you?Ben Collier and Dan Korolev of Collier Optical Lab join the podcast to talk all about the benefits of independent optometry practices working with an independent optical lab. They dive into what being "independent" means, and how independent labs operate differently. They also talk about the importance of your lab relationship to the patient experience, internal processes, and profitability to the practice.
2023-10-1343 minThe Optometry Money PodcastSeparating Fact From Fiction of Indexed Universal Life Insurance with Andy Panko, CFP®, RICP®, EAQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Fellow financial advisor Andy Panko, CFP®, RICP®, EA joins Evon on the podcast to dive into the ins and outs of Indexed Universal Life (IUL) Insurance. In a recent explosion of marketing and sales on the internet, this highly complex insurance product is often touted as "THE" product you should own above all others.Andy and Evon provide an objective review of this type of life insurance, diving into how the product works, how it's different fr...
2023-10-041h 10The Optometry Money PodcastIns and Outs of Permanent Life Insurance with Broc BucklesQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.To continue September's life insurance theme, Evon is joined by Broc Buckles - co-founder of BC-Brokerage - to dive into permanent type life insurance. They talk about the ins and outs of how permanent life insurance policies work, when they're appropriate for optometrists' insurance planning, some ways they're used inappropriately, and ways to adjust or get out of a policy. Hopefully this episode helps optometrists make more educated decisions around what can be a complicated insurance...
2023-09-2843 minThe Optometry Money PodcastAn Optometrist's Guide to Life InsuranceQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.It's September, which means it's Life Insurance Awareness Month! In light of the theme, Evon provides an optometrist's guide to life insurance.Life insurance coverage is a core, important piece to managing the big financial risks in the life of an optometrist. Evon dives into the purpose and uses of life insurance, the different types of life insurance policies - from term life to whole life and universal life, how to decide how much coverage you should get...
2023-09-2135 minThe Optometry Money Podcast(Rewind) Building a Multi-Location Practice and Improving Culture with Dr. Andy YaryanQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you build an optometry practice to multiple locations? How do you establish a great culture?In this rewind of a popular 2022 episode, Dr. Andy Yaryan, owner of Yaryan Eye Care Center, joins Evon to talk about how he purchased an optometry practice right out of college, grew it to three locations, and how he reviews the health of the practice. He also talks about how important culture is to a practice and how he evaluates culture...
2023-09-141h 03The Optometry Money PodcastStudent Loan Planning for Optometrists in 2023 and Beyond!Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.As the dust settles on all the recent changes, Evon dives into one more comprehensive episode on student loan planning for optometrists in 2023 and beyond.Evon talks about the recent updates in federal student loans, including the recent SAVE income-driven repayment plan and PSLF updates. He goes through student loan deadlines optometrists need to know about. Lastly, he discusses the different student loan repayment strategies you should consider, and what factors help you decide which approach to take.
2023-09-0753 minThe Optometry Money Podcast(Rewind) Using Traction to Level Up Your Optometry Practice with Dr. Larry GolsonQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In this rewind of a popular 2022 episode, Dr. Larry Golson joins Evon to talk all about how Gino Wickman's book Traction and the Entrepreneurial Operating System can help take optometry practices to the next level. Larry is the owner of Envision Eyecare and Sherpa Consulting. He brings so much experience having cold-started his own practice, implementing Traction on his own, and now helping other practice owners do the same.Whether you're just cold-starting or well on...
2023-08-311h 02The Optometry Money PodcastUsing Artificial Intelligence to Improve Your Optometry Practice with Ankit PatelQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Ankit Patel joins Evon to talk about how to use Artificial Intelligence (AI) to create a more efficient and productive optometry practice. Ankit is the CEO of Classic Vision Care and the Founder of My Business Care Team. Ankit and Evon dive into how AI can improve workflows in your optometry practice, administrative tasks, the patient experience, hiring process, and even clinical work.He talks about the different AI tools he uses, and even goes through...
2023-08-2356 minThe Optometry Money PodcastViewing the Health of Your Practice Through the Eyes of a CFO with Jackson Pace, CPAQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Jackson Pace, CPA, owner of Refractional CFO, joins Evon to talk about how to look at the health of your optometry practice through the eyes of a CFO. They talk about what data in the practice he reviews, how he looks at the financials of the practice, differences between cash flow and profit, appropriate amounts of debt in the practice, and more.Have questions on anything discussed or want to have topics or questions featured on...
2023-08-1657 minThe Optometry Money PodcastFinancial Planning Considerations for Owners of Established Optometry PracticesQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In Part 3 of a 3 part series, Evon dives into the many financial planning considerations optometrists need to think about when you own a more established, mature private optometry practice - both inside the business and in the household.A few of the planning topics practice owners should think about are:Maintaining your vision for the ideal practice and ownership lifeBuilding guardrails around your practice based on your ideal lifestyleCreate a separation between your practice and personal financesCreate...
2023-08-0926 minThe Optometry Money PodcastFinancial Planning Considerations When Preparing for Practice OwnershipQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In Part 1 of a 3 part series, Evon dives into the many financial planning considerations optometrists need to think about as they prepare for practice ownership.Whether cold-starting an optometry practice or buying into an established practice, you should consider:Your biggest goals are to have cash flow flexibility and cash in the bankThe importance of a game plan to cover living expenses in the early 2-3 yearsWhy it's important to build cash savingsHow to prepare your finances...
2023-07-2731 minThe Optometry Money PodcastThe Supreme Court Ruling, New SAVE IDR Plan, and Other Big Student Loan UpdatesQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon is back with even more big federal student loan updates optometrists need to know about! Over the last few weeks, the Supreme Court gave its ruling on the Biden student loan forgiveness case, which kicked off a lot of news.He dives into the:Recent Supreme Court ruling on federal student loan forgivenessThe final rules of the new SAVE income-driven repayment planReminder of the IDR Waiver / Account Adjustment Kaiser (and similar ODs) in CA and Texas a...
2023-07-1928 minThe Optometry Money PodcastRetirement Plan Options for Independent Contractor OptometristsQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What retirement plan options are available just for independent contractor optometrists? Evon dives into the retirement plan opportunities just for 1099 optometrists and those with side businesses. He talks about how optometrists can benefit from:Taxable investment accountsTraditional and Roth IRAsSEP IRAsSolo 401(k)sHe also talks about how pre-tax retirement plan contributions can negatively impact the QBI deduction for self-employed optometrists, as well as how 401(k) plan limits work with multiple employers. Have questions on...
2023-07-1332 minThe Optometry Money Podcast(Rewind) How to Track Progress Toward Financial IndependenceQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In honor of the 4th of July holiday and the Declaration of Independence, this episode is a rewind of a popular 2022 episode on financial independence.How do you track progress toward financial independence? How do you know if you're on track, or how much you'll need to make work optional?On this episode, Evon talks about how to measure and track financial health, and specifically, one metric optometrists can use to track their progress toward financial...
2023-07-0620 minThe Optometry Money PodcastHow to Invest Six Figures A Year Into Your Practice Retirement Plans with Matt RuttenbergQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you maximize the retirement plans in your optometry practice? Profit and cash flow are growing, your taxable income is growing. How do you put potentially $100,000 or more into your retirement accounts?Matt Ruttenberg of Life, Inc. Retirement Services joins Evon once again for Part 2 to talk about how to use the different layers and features of retirement plans to their fullest potential. They dive into:The three layers of retirement plan opportunitiesDifferent methods o...
2023-06-2851 minThe Optometry Money PodcastChoosing a Retirement Plan For Your Optometry Practice with Matt RuttenbergQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What's the right retirement plan for your private optometry practice? Matt Ruttenberg of Life, Inc. Retirement Services joins Evon to talk all about choosing the right retirement plan for your practice. They dive into:IRA-based retirement plans, like SEP IRA and SIMPLE IRA plansSafe Harbor and Traditional 401(k) plansQuestions to ask to choose the right plan for your practiceUpdates from the recent SECURE Act 2.0 Important enhancements to tax credits for starting retirement plans in your optometry practice...
2023-06-2158 minThe Optometry Money PodcastPayments Restarting and Other Student Loan Updates!Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.It's official! Federal student loan payments are finally going to start again!Evon dives into the latest news optometrists need to know for federal student loans:Payments and interest are set to start this fallUpdates on loan cancellation and the new income-driven repayment planActions to take as payments restartAnd more!Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com....
2023-06-1423 minThe Optometry Money PodcastShould You Invest In International Stocks?Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Should optometrists invest in international stocks? Or only in the United States?In this episode, Evon dives into research around why optometrists should invest in stocks globally, and not just limit their investing to the US. He summarizes four pieces of research about the diversification benefits of investing globally. Diversification is a foundational part of investing, and global diversification is an important part of managing risks and opportunities. Have questions on anything discussed or...
2023-06-0726 minThe Optometry Money PodcastHow to Decide The Amount of Stocks and Bonds in Your InvestmentsQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you know how much of your investments should be in stocks and real estate vs. bonds? What's the right mix for you, and when should it change?This episode provides an optometrist's guide to selecting the right mix for your investments.Evon dives into:Different types of financial risks to plan against.Your ability or capacity to handle investment riskYour willingness or tolerance to take investment riskHow much risk you need to take...
2023-05-3146 minThe Optometry Money PodcastMaster Your Money (Evon's Guest Appearance on the Try Not To Blink Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.This episode replays Evon's 2022 guest appearance on the Try Not To Blink Podcast, hosted by Dr. James Deom and Dr. Roya Habibi.They dive into Evon's background, why he chose to serve optometrists, student loan planning decisions, preparing for practice ownership and cold-start opportunities, what his "spirit animal" is, and much more. Dr. Deom and Dr. Roya do an awesome job hosting a fantastic podcast, and it's absolutely worth subscribing. Have questions on anything...
2023-05-2550 minThe Optometry Money PodcastInvesting Fundamentals - Understanding Stocks, Bonds, Mutual Funds, and ETFsQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In the first episode of an investing-focused series, Evon dives into how stocks, bonds, Real Estate Investment Trusts (REITS), mutual funds, and ETFs work. At the end, he talks about the risk and return relationship between the different investments, and the role that stocks and bonds play in your investment portfolio. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check o...
2023-05-1746 minThe Optometry Money PodcastA Framework for Deciding Where to Save/Invest NextQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Where should you save your hard earned dollars? Which accounts should you use? In what order?In this episode, Evon provides a framework for optometrists on where to invest your dollars first and which investment accounts to go to next. He gives an order of operations for saving and investing between:Cash savingsYour practice and career Roth IRAHealth Savings Account (HSA)401(k) or SIMPLE IRATaxable investment account and any other opportunities that come your way!Have q...
2023-05-1035 minThe Optometry Money PodcastHelping Your Team Learn Good Financial Habits (Evon's Guest Appearance on Power Hour Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.This episode replays Evon's recent guest appearance on The Power Hour Optometry Podcast, hosted by Dr. Bethany Fishbein. Evon and Bethany dive into the importance of employee financial wellness is for the productivity of your staff, different benefit features in your optometry practice that help them make good financial decisions, and talk through a few "gray" situations of whether practice owners should help employees financially.Hopefully, this will help you if you come across similar situations...
2023-05-0440 minThe Optometry Money PodcastBack to Basics: The Way of Budgeting That WorksQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.April is National Financial Literacy Month! In honor of that, Evon dives into some foundational topics around how to manage and prioritize your cash flow.He talks about four foundational financial questions you should ask yourself about financial health:Are you taking the right amount of risk?Are you using your income appropriately?Do you have the right mix of assets?How much wealth do you need to make work optional?He guides optometrists on how...
2023-04-2623 minThe Optometry Money PodcastFreedom From Vision Plans Through A Direct Care Model with Dr. Kara FosterQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dr. Kara Ramsey-Foster, OD joins the podcast to talk about her journey freeing her optometry practice from managed vision care plans through a direct care business model.In a bit of a case study, Dr. Foster talks about what led her to transition her practice entirely away from vision plans, how a direct care or fee-for-service model works, how she made the transition successful, and how it's benefited her practice. She had such a great perspective...
2023-04-1947 minThe Optometry Money PodcastAn Optometrist's Guide to Estimated Tax PaymentsQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.In today's episode, Evon provides an optometrist's guide to estimated tax payments. If you're a practice owner or independent contractor OD, quarterly estimated tax payments are likely a part of your life. He dives into what quarterly estimated tax payments are, who needs to pay them, when they're do, how much your estimated tax payments should be, and more. Have questions on anything discussed or want to have topics or questions featured on the show? Send E...
2023-04-1218 minThe Optometry Money PodcastCreating a More Patient-Centric Contact Lens Sales Process with Dr. Brianna RhueQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dr. Brianna Rhue joins Evon on the podcast to talk about how to create a more patient-centric contact lens sales process in your optometry practice.They dive into reasons patients walk with prescriptions, how to remove frictions throughout the patient experience, and how to use technology to streamline the contact lens sales process. Ultimately, this can lead to a better experience for both the patient and your staff and a more profitable practice. Have questions on...
2023-04-0541 minThe Optometry Money PodcastAn Optometrist's Guide to The Qualified Business Income DeductionQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon revisits an important tax planning topic for optometry practice owners and independent contractors - the Qualified Business Income Deduction!He dives into what the deduction is, how it's calculated, its limitations and phase outs, how it works differently in different business types, and planning considerations to keep in mind. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com....
2023-03-3030 minThe Optometry Money PodcastGuide to Due Diligence on Practice Purchases with Erich MatteiQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Erich Mattei of Akrinos rejoins the podcast to talk all about performing due diligence when purchasing an optometry practice.He dives into financial, legal, and operational due diligence you need to perform during the process. Ultimately, is this the appropriate practice for you, and can it support the valuation?Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check...
2023-03-221h 04The Optometry Money PodcastAn Optometrist's Guide to Business EntitiesQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do the different business entities work? How are they taxed? How are they different?In this episode, Evon provides a basic guide to the differences between:Sole ProprietorshipsPartnerships Limited Liability Companies (LLCs)S-CorporationsCorporationsIf you own an optometry practice or are an independent contractor, hopefully this episode brings some clarity around how the different types of businesses operate. Have questions on anything discussed or want to have topics or questions featured on the sh...
2023-03-1535 minThe Optometry Money PodcastCalculating the Return On Your Practice Investments with Amanda CollasoQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you calculate return on investment for the investments you make in your optometry practice? Amanda Collaso, owner of Bookkeeping for Optometry, joined Evon to talk all about calculating the return on different investments in your practice. They dive into equipment purchases, adding specialties, investing in staff and associate doctors, and more. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at...
2023-03-0848 minThe Optometry Money PodcastAn Optometrist's Guide to How Income Taxes WorkQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do income taxes work? How do tax rates work? How are your taxes calculated?As tax filing deadlines approach, Evon dives into a basic guide for optometrists to how US federal income taxes work. He dives into how marginal tax rates work, how taxes are calculated, withholdings and estimated tax payments, filing deadlines, and different tax planning concepts to keep in mind when making financial decisions.Have questions on anything discussed or want...
2023-03-0143 minThe Optometry Money PodcastCreating Your Practice Marketing Plan with Justin KnottQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How should you market your optometry practice?Justin Knott, CEO of Intrepy Healthcare Marketing, joins Evon to talk about marketing your practice.They dive into what you should include in your marketing efforts, how to get the most out of your website, social media and paid ads, and so much more. If you're wondering where to start or how to level up marketing your practice, this episode is for you. Have questions on anything...
2023-02-2252 minThe Optometry Money PodcastWhat is the 4% Safe Withdrawal Rule?Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What is the 4% safe withdrawal rule? It's often talked about and cited in social media posts, blogs, and books. But where does it come from? What do you do with it? When is it useful and when is it not useful? Evon talks about the research behind the 4% sustainable withdrawal amount, its limitations, what it's useful for, and other helpful takeaways from the research. Have questions on anything discussed or want to have topics or questions...
2023-02-1535 minThe Optometry Money PodcastAn Optometrist's Guide to Financial Advisors (5 Questions To Ask)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon provides an optometrist's guide to financial advisors. He dives into five questions that you need to ask financial advisors when looking to hire.It's often hard to know which financial professional does what and how they're all different. Hopefully, this guide helps you hire an advisor you trust. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check o...
2023-02-0838 minThe Optometry Money PodcastObservations on the Most Profitable Mode of Practice with Bethany FishbeinQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Bethany Fishbein, CEO of the Power Practice, joins Evon to talk about her observations on what the most profitable mode of practice is for private practice optometry. Hint: It may not be what you expect!We also dive into the importance of knowing your chair cost, tracking the data in the practice and projecting out decisions, where specialties fit in, and how private practice can guard itself from larger, corporate competition. Have questions on anything discussed o...
2023-02-0155 minThe Optometry Money PodcastWhy and How to Launch a Specialty Lens Practice with Dr. Aaron NeufeldQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dr. Aaron Neufeld joins Evon to talk about launching a specialty lens practice in addition to - and separate from - his primary optometry practice. Dr. Neufeld is the owner of Los Altos Optometric Group, co-founder of the ODs on Finance Facebook group, and recently launched The Contact Lens Institute. He talks about the steps he took to plan and launch the specialty practice, the lessons he learned, and more. Have questions on anything discussed or wa...
2023-01-2528 minThe Optometry Money PodcastNavigating Internal Practice Transitions with Dr. Mick Kling and Craig MoritzQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dr. Mick Kling and Craig Moritz join Evon to talk all about navigating internal optometry practice transitions. They talk about when it makes sense to transition ownership, the steps of the process, due diligence, when lending comes into play, and more. Dr. Kling is the owner of a 2 location practice and is a Practice Management and Transition Advisor for Vision Source. Craig is with Vision Source as well, as the Director of Strategic Partnerships. Both bring a wealth...
2023-01-1854 minThe Optometry Money PodcastThe Optometrist's Guide to The SECURE Act 2.0Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What do optometrists need to know about the recently passed SECURE Act 2.0? Evon breaks down the biggest points of the law that both employed optometrists and practice owners need to keep an eye on, specifically around 529 accounts, SIMPLE IRAs, and 401ks.Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to get to know more about...
2023-01-1128 minThe Optometry Money PodcastBuilding a Personal Brand As An Optometrist with Dr. Joseph AllenQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.This episode features Dr. Joseph Allen, optometrist at PineCone Vision Center and founder of the Doctor Eye Health, a YouTube channel with over 750,000 subscribers. Dr. Allen, joined the podcast to talk about his journey building a personal brand through content creation in addition to his work as a practitioner. He talks about why and how he started creating videos, how he built a business around content creation, and the power of building a personal brand and side business...
2023-01-0455 minThe Optometry Money PodcastHoliday Replay: Getting a Grip On Your Practice Bookkeeping with Wade WeiszQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Enjoy a holiday replay of a 2022 favorite (Ep 29). Wade Weisz, owner of For Eyes Bookkeeping, joins Evon to talk about the ins and outs of bookkeeping for an optometry practice.They dive into the basics of bookkeeping, the three financial statements in the business, how often to review your financials, and ways to catch whether your books are accurate. It's hard to overstate how important clean, accurate books are to being a better business owner and getting the...
2022-12-281h 02The Optometry Money PodcastTax Planning For Charitable GivingQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon dives into the tax benefits of charitable giving and tax planning strategies to consider to make the most of your charitable donations. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can sc...
2022-12-2127 minThe Optometry Money PodcastDebt Management for Optometrists (Guest Appearance on The Chris Wolfe Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.This episode replays Evon's interview on The Chris Wolfe Podcast on EyeCode Media. Evon and Dr. Wolfe dive into debt management for optometrists, student loans, private equity, tradeoffs with practice ownership, what to look for in a financial advisor, and more.Check out Dr. Wolfe's podcast - it's well worth subscribing! Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.
2022-12-1448 minThe Optometry Money PodcastTax Planning for Short-Term Rental Properties with Arsalan Ashraf, CPAQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Arsalan Ashraf, CPA and owner of Ashraf Advisory, joins Evon to talk about all about tax planning for short-term rental properties! They dive into the differences between long-term and short-term rentals, the many tax considerations and requirements with short-term rentals, cost segregation studies and planning around depreciation, some things to watch out for with rental properties, and so much more.Have questions on anything discussed or want to have topics or questions featured on the show...
2022-12-0749 minThe Optometry Money Podcast5 Levers to Control Capital Gains on Your Tax ReturnQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon continues the year-end tax planning theme and talks all about how investment income and capital gains impact your tax return. He dives into how your investment account creates income, how it's taxed, and 5 levers you can pull to control capital gains on your tax return. This episode is a great example of how all the different parts of your finances - investments, taxes, charitable donations, cash flow needs - are all intertwined. You should look at them...
2022-11-3042 minThe Optometry Money Podcast(Holiday Replay) Assessing the Health of Your Optometry Practice with Dr. Chad FlemingQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Here's a Thanksgiving replay of a 2022 favorite, Episode 17!How do you assess the health of your optometry practice? What metrics should you look at?Dr. Chad Fleming, OD, FAAO returns to the podcast to talk all about checking the health and performance of your practice. He talks about the importance of scheduling time to step away from the day-to-day, four metrics he uses in his own practice, the importance of culture in practice performance, and more.
2022-11-231h 07The Optometry Money PodcastHow Mindset Impacts Financial Decision Making with Bethany Fishbein (Guest appearance on The Power Hour Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How does your mindset impact your financial decisions? This episode is a recording of Evon's guest appearance on the Power Hour Podcast with Bethany Fishbein. They talk all about different money mindsets, how mindset, values, and psychology impacts financial decisions, and how different processes and systems help you make better decisions.If you haven't listened to Bethany's podcast, it's well worth a subscribe! Have questions on anything discussed or want to have topics or q...
2022-11-1640 minThe Optometry Money PodcastYear End Tax Planning for Optometrists with Joe Erickson, CPAQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Joe Erickson, CPA joins Evon to talk all about end-of-year tax planning opportunities for W2 employed optometrists, independent contractor optometrists, and private practice owners. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you...
2022-11-0953 minThe Optometry Money PodcastInternal Succession, Private Equity, and the Future of Optometry with Dr. Chris WolfeQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Chris Wolfe, OD joins Evon Mendrin to talk about his experience navigating an internal succession plan, what he'd look for in a future co-owner, how private equity has impacted the future of optometry, and the role specialties play in the future success of private practices. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to get...
2022-11-0236 minThe Optometry Money PodcastGetting a Grip On Your Practice Bookkeeping with Wade WeiszQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Wade Weisz, owner of For Eyes Bookkeeping, joins Evon Mendrin, CFP to talk about the ins and outs of bookkeeping for an optometry practice.They dive into the basics of bookkeeping, the three financial statements in the business, how often to review your financials, and ways to catch whether your books are accurate. It's hard to overstate how important clean, accurate books are to being a better business owner and getting the best advice from your advisors.
2022-10-261h 01The Optometry Money PodcastKeeping Your Beneficiaries Up To DateQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon Mendrin, CFP talks about a basic estate planning tool that every optometrist should keep an eye on - keeping beneficiaries up to date on different accounts and life insurance policies. He walks through a few things to keep an eye on as you review your beneficiaries over time. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check...
2022-10-2019 minThe Optometry Money PodcastHow To Check the Health of Your Cash FlowQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you check the health of your cash flow? Evon Mendrin, CFP dives into the importance of how you use your cash, and the 4 key metrics he uses to check the health of your cash flow. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to get to know more about Evon, his...
2022-10-1231 minThe Optometry Money PodcastUsing Traction to Level Up Your Optometry Practice with Dr. Larry GolsonQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dr. Larry Golson joins Evon to talk all about how Gino Wickman's book Traction and the Entrepreneurial Operating System can help take optometry practices to the next level. Larry is the owner of Envision Eyecare and Sherpa Consulting. He brings so much experience having cold-started his own practice, implementing Traction on his own, and now helping other practice owners do the same. Whether you're just cold-starting or well on your way in practice ownership, an operating s...
2022-10-061h 02The Optometry Money PodcastCreating Operational Freedom and a Sale-Ready Optometry Practice with Josh PatrickQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you create freedom from the day-to-day operations of your optometry practice? How do you build a sale-ready practice? Josh Patrick, owner of Stage 2 Planning joins Evon to talk all about the importance of knowing the type of practice you want to build, how to create "operational freedom" for yourself in the practice, the importance of pre-funding your future practice buyout, the power of a customer advisory board, and so much more. He brings a...
2022-09-281h 01The Optometry Money PodcastHow to Plan for the Costs of College with Michael Labos, CFP®, CCFS®Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you plan for your kids' higher education? How do you navigate financial aid, or choosing the right college? Michael Labos, CFP®, CCFS®, owner of Gen X Wealth Partners, joins Evon to talk about how to prepare for the cost of higher education. They dive into how to pick the right college, playing the "game" of financial aid, how different families should approach it, and how to think about saving for college when the kids ar...
2022-09-2144 minThe Optometry Money PodcastIs There Balance in Your Balance Sheet?Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Do you have balance in your balance sheet? Do you have the right mix of assets? Evon talks about finding balance in your balance sheet, and having a healthy mix between liquid, retirement, real estate, and business assets. The right mix helps to have healthy finances today and to be better prepared for financial independence. As mentioned in the episode, if you'd like to take a look at your own financial health scorecard and have a...
2022-09-1416 minThe Optometry Money PodcastHow to Track Progress Toward Financial IndependenceQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you track progress toward financial independence? How do you know if you're on track, or how much you'll need to make work optional?On this episode, Evon talks about how to measure and track financial health, and specifically, one metric optometrists can use to track their progress toward financial independence. As mentioned in the episode, if you'd like to take a look at your own financial health scorecard and have a conversation around that...
2022-09-0720 minThe Optometry Money PodcastHow Mentality Impacts the Success of Your Optometry Practice with Bethany FishbeinQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How important is your mentality to the success of your optometry practice? How important are your beliefs about your abilities, your practice, or the optometry profession?Bethany Fishbein, CEO of the Power Practice and co-owner of her own optometry practice, joins Evon to talk about how critical mindset is to the practice's success - or lack of! We also dive into common mentalities and beliefs we've seen that limit the potential of ODs and how to...
2022-08-3158 minThe Optometry Money PodcastUsing an Independent Optical Lab and Keeping Control Over Profitability with Ben CollierQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What is the benefit of using an independent optical lab? How do optometry private practice owners maintain control over their practices and profitability? Ben Collier, founder and CEO of Independent Optical Lab, joins Evon to talk all about this and more! They dive into the benefits of using an independent optical lab vs. a corporate lab. They also discuss the biggest challenges he sees private practices facing - from consolidation to keeping control over profitability - and how...
2022-08-2439 minThe Optometry Money PodcastOptometrist Student Loan Planning in 2022Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How should optometrists approach student loan planning in 2022?Evon gives an update on the state of federal student loans, what to expect with the payment freeze, and revisits the two primary approaches each optometrist should consider when planning how to pay their student loans. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to...
2022-08-1735 minThe Optometry Money PodcastPEOs and Solving HR Headaches in Your Practice with John WileyQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.John Wiley of Eye Deal Solutions joins Evon to talk all about solving the HR and administrative headaches in optometry practices. We talk about PEOs - Professional Employer Organizations - and how they help relieve the HR burdens from the practice owner and staff. We also dive into different ways to spice up the employee benefits in the practice, as many practices are working through difficulties keeping and attracting employees. Have questions on anything discussed or...
2022-08-1059 minThe Optometry Money PodcastAssessing the Health of Your Optometry Practice with Dr. Chad FlemingQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you assess the health of your optometry practice? What metrics should you look at? Dr. Chad Fleming, OD, FAAO returns to the podcast to talk all about checking the health and performance of your practice. He talks about the importance of scheduling time to step away from the day-to-day, four metrics he uses in his own practice, the importance of culture in practice performance, and more.He's a wealth of knowledge, and there's a...
2022-08-031h 07The Optometry Money PodcastActions to Take During a Declining Stock MarketQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What actions should optometrists take when stock markets are declining?Evon walks through some historical context around declines and bear markets, the importance of staying invested for the long term, and touches on a few actions you can think about taking with your investments during declines. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.c...
2022-07-2035 minThe Optometry Money PodcastNavigating Financing for Optometry Cold-Starts and Practice Acquisitions with David TessierQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What's the process to get financing for your cold-start? How do you get funding to buy into a practice?David Tessier with Wells Fargo Practice Financing joins Evon to talk all about practice financing. They dive into what goes into cold-start financing, what the loan terms look like, practice acquisition lending, and what he's seen lead to a good transition from selling to buying doctors. Have questions on anything discussed or want to have...
2022-07-131h 06The Optometry Money PodcastLessons Learned from Building a Business (Evon's guest appearance on the Ultimate OD Podcast)Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Evon joins Dr. Nick Lillie as a guest on his podcast, The Ultimate OD Podcast to talk all about their experience growing their businesses. He invited Evon on to talk about his experience taking the leap and cold-starting a business from scratch, why he serves only optometrists, tips for practice owners to help their businesses, and more.It was a blast, and Dr. Lillie's podcast is a great listen worthy of subscribing. He has so many...
2022-07-0645 minThe Optometry Money PodcastMid-Year Financial and Tax Planning for Your Optometry Practice with Yuri Kapilovich, CPAQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.It's time for a mid-year financial health checkup on your optometry practice! Yuri Kapilovich, CPA and managing partner of his firm, Kapilovich and Associates, talks with Evon all about how to check the health of your practice from a financial and tax planning standpoint. They go over what financial statements to look at, a few tests to look at for business health, and tax planning considerations for the second half of the year.He's...
2022-06-2955 minThe Optometry Money PodcastNavigating Mortgages in a Crazy Market with Troy RootQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How should you navigate mortgage decisions in a crazy housing AND mortgage market? Troy Root, Mortgage Advisor in Central California, joined me on today's episode to talk all about how to navigate mortgage decisions, alternatives to the conventional 30-year mortgage, what's involved in underwriting, ways to restructure a mortgage without refinancing, and more. It was great to have so much experience in the mortgage industry on the conversation on a foundational financial planning topic for most...
2022-06-2359 minThe Optometry Money PodcastBuilding a Multi-Location Practice and Improving Culture with Dr. Andy YaryanQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How do you build an optometry practice to multiple locations? How do you establish a great culture?Dr. Andy Yaryan, owner of Yaryan Eye Care Center, joins Evon to talk about how he took on a practice right out of college, grew it to three locations, and how he reviews the health of the practice. He also talks about how important culture is to a practice and how he evaluates culture. Finally, he reveals how important coaching was...
2022-06-151h 03The Optometry Money PodcastScaling a Practice, Building the Team, and Adding Specialties with Dr. Nick LillieQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Dr. Nick Lillie joins Evon to talk about all the lessons he's learned from 10 years of practice ownership.Dr. Lillie owns Family Vision Optical in Allendale, Michigan, and hosts the Optometry: The Ultimate OD Podcast.He talks about lessons learned from cold-starting an optometry practice, how to build the team, how he's approaching adding an associate, when to add a specialty to the practice, and so much more. He has a great mind for business and...
2022-06-081h 18The Optometry Money PodcastCold-Starting a Specialty Vision Therapy Practice with Drs. Miki Lyn Zilnicki and Jessica LicausiQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Is it possible to build a specialty-focused cold-start optometry practice? Do you need to take insurance or have an optical?Dr. Miki Lyn Zilnicki and Dr. Jessica Licausi join Evon to talk about how they built their cold-start optometry practice, Twin Forks Optometry. What's fascinating about their practice is it's been a pure specialty practice focused on vision therapy from day one. They've never had an optical and take very few insurance plans. Seven years later, the practice...
2022-06-0243 minThe Optometry Money PodcastThe Ins and Outs of Disability Insurance with David BennisQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What is disability insurance? Why is it important for optometrists? How does it work?May is Disability Insurance Awareness Month! David Bennis, Income Protection Consultant at Truluma, joins Evon to have a deep-dive conversation on how to protect your income from disability. After all, your income is your biggest asset.David and Evon talk about why disability is an import part of every optometrist's financial planning, the different features to consider in your policy, how individual...
2022-05-2657 minThe Optometry Money PodcastNavigating Associate Contracts, Practice Ownership, and Partnerships with Dr. Chad FlemingQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.How should associate optometrists prepare to become practice owners? When should practice owners bring on associates and co-owners into their optometry practice? How do you evaluate a potential partner?Dr. Chad Fleming, OD, FAAO joins Evon on the show to talk about those questions and more. Dr. Fleming brings 20 years experience as an OD and practice owner to the conversation. He and Evon dive into contract negotiations, deciding whether to become a practice owner or build a career...
2022-05-181h 03The Optometry Money PodcastHow to Level Up the Operations, Tech, and Marketing in Your Optometry Practice with Perry BrillQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Where are the bottlenecks in your optometry practice? How do you uncork them? On the latest episode of The Optometry Money Podcast, Perry Brill talks about this and much more. Perry has several years of experience managing the operations of a successful private optometry practice, to go along with years of experience and great insights on eye care technology and marketing. Perry dives into practice operations and bottlenecks, what the future holds for eye care technology and marketing...
2022-05-121h 02The Optometry Money PodcastSteps to Launch a Successful Cold-Start with Erich MatteiQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What are the steps to launch a successful optometry cold-start practice? Erich Mattei, President and Chief Vision Officer of Akrinos, joins Evon to dive into that question and more. Erich shares whether there are still opportunities for optometry cold-starts in today's environments, the steps in the cold-start process from idea to doors open, how to prepare for practice financing, what to look for in the practice location, what a successful launch looks like, and action items to work on...
2022-05-041h 06The Optometry Money PodcastThree Factors That Can Make or Break Your Optometry Cold StartQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Cold-starting an optometry practice can be one of the most rewarding and challenging experiences for an optometrist. What does it take to be successful from the beginning?Evon dives into 3 factors that can make or break your cold-start before it even begins. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.Check out www.optometrywealth.com to get to...
2022-04-2822 minThe Optometry Money PodcastFinancial and Tax Planning for 1099 OptometristsQuestions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What do you need to plan for if you're a 1099 independent contractor optometrist?Evon dives into some of the financial and tax planning considerations for 1099 independent contractor ODs. Taxes, benefits, retirement plans, and more! There are definitely some differences from traditional W2 employment you won't want to miss. He also goes over some financial planning steps and action items to keep in mind as you go this route in your optometry career.Have questions...
2022-04-2032 minThe Optometry Money PodcastIntroduction & Welcome to the Show!Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.Welcome to the first episode of The Optometry Money Show, a podcast dedicated to helping optometrists nationwide make better and better decisions around their money, careers, and practices! Evon gives a short intro to the show, talks about what to expect, the topics he'll cover, his focus on ODs in the first half of their careers, and more. To learn more about Evon, his financial planning firm Optometry Wealth Advisors, or for more educational resources, visit his website a...
2022-04-1506 min