Shows
The Optometry Money PodcastFour Common Investment Mistakes Optometrists Should AvoidQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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.You’ll learn:Why a “j...
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!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 decisions.In this episode, you'll...
2025-06-2728 min
The Optometry Money PodcastWhat Most Investors Get Wrong About Dividend InvestingQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 rational for the right investor.I...
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!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 your financial habits.The Role of Sy...
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!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 IRA, HSA, and IRA contribution limits, and ho...
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 conv...
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!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 email at evon@optometrywealth.com....
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!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 should start working with them, and so m...
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!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 so much more!Huge thanks...
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!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 a great example of how all the...
2023-11-1642 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!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. It was a fascinating conversation...
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!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 from other types of life insurance, ways th...
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!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 product. Have questions on anything...
2023-09-2843 minThe Optometry Money PodcastAn Optometrist's Guide to Life InsuranceQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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, things to watch out for in insurance...
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!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. Finally, he reveals how important coaching was...
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!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. Have questions on anything discussed...
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!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 your way in practice ownership, an operating...
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!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 a live demo of how he uses...
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!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 the show? Send Evon an email at...
2023-08-1657 minThe Optometry Money PodcastFinancial Planning Considerations for Owners of Established Optometry PracticesQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 a framework for deciding how to best...
2023-08-0926 minThe Optometry Money PodcastFinancial Planning Considerations When Preparing for Practice OwnershipQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 for lendingStudent loan decisions when preparing for...
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!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 are eligible for Public Service Loan Forgiveness!A...
2023-07-1928 minThe Optometry Money PodcastRetirement Plan Options for Independent Contractor OptometristsQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 anything discussed or want to have to...
2023-07-1332 minThe Optometry Money Podcast(Rewind) How to Track Progress Toward Financial IndependenceQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 independence.As mentioned in the...
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!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 of profit sharing contributions in your 401(k)H...
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!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 practiceUltimately, you need to look at yo...
2023-06-2158 minThe Optometry Money PodcastPayments Restarting and Other Student Loan Updates!Questions? Thoughts? Send a Text to The Optometry Money Podcast!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.Check out www.optometrywealth.com to get...
2023-06-1423 minThe Optometry Money PodcastShould You Invest In International Stocks?Questions? Thoughts? Send a Text to The Optometry Money Podcast!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 want to have topics or questions featured...
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!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 to meet your investment goalsWhen should you...
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!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 discussed or want to have topics or...
2023-05-2550 minThe Optometry Money PodcastInvesting Fundamentals - Understanding Stocks, Bonds, Mutual Funds, and ETFsQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 out www.optometrywealth.com to get to k...
2023-05-1746 minThe Optometry Money PodcastA Framework for Deciding Where to Save/Invest NextQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 questions on anything discussed or want to h...
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!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 in your practice - and definitely subscribe...
2023-05-0440 minThe Optometry Money PodcastBack to Basics: The Way of Budgeting That WorksQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 to quickly track the "health" of your...
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!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 on a big, important topic for independent...
2023-04-1947 minThe Optometry Money PodcastAn Optometrist's Guide to Estimated Tax PaymentsQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 Evon an email at evon@optometrywealth.com.
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!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 anything discussed or want to have topics...
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!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.Check out www.optometrywealth.com to get...
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!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 out www.optometrywealth.com to get to...
2023-03-221h 04The Optometry Money PodcastAn Optometrist's Guide to Business EntitiesQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 show? Send Evon an email at evon@op...
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!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 evon@optometrywealth.com.Check out...
2023-03-0848 minThe Optometry Money PodcastAn Optometrist's Guide to How Income Taxes WorkQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 to have topics or questions featured on...
2023-03-0143 minThe Optometry Money PodcastCreating Your Practice Marketing Plan with Justin KnottQuestions? Thoughts? Send a Text to The Optometry Money Podcast!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 discussed or want to have topics or...
2023-02-2252 minThe Optometry Money PodcastWhat is the 4% Safe Withdrawal Rule?Questions? Thoughts? Send a Text to The Optometry Money Podcast!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 featured on the show? Send Evon an...
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!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 out www.optometrywealth.com to get to k...
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!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 or want to have topics or questions f...
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!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 want to have topics or questions featured on...
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!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 of knowledge and experience in optometry practice...
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!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 Evon, his financial planning firm Optometry Wealth...
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!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 as an optometrist. Have questions...
2023-01-0455 min