The Optometry Money Podcast
Welcome to the Optometry Money Podcast, hosted by Evon Mendrin CFP®, CSLP®, where he helps optometrists make better decisions around their money, careers, and practices. He explores cold-starts, practice buy-ins, career decisions, tax planning, student loans, and other money issues ODs are navigating.
Evon cold-started Optometry Wealth Advisors LLC, a financial planning firm dedicated to help optometrists nationwide master their money, build wealth, and plan purposefully with their finances. Learn more about the show, and Evon, at www.optometrywealth.com.
Episodes
123 episodes
Savings Rate: The Ultimate Indicator of Future Financial Success
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 g...
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Episode 123
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19:36
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Key 2025 Financial and Tax Updates Every Optometrist Should Know
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 owne...
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Episode 122
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30:51
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Critical Year-End Financial Moves for Optometrists
As the year draws to a close, it’s the perfect time to review your finances and ensure you’re ending the year on a strong note. In this episode of The Optometry Money Podcast, Evon Mendrin, CFP®, walks through a comprehensive year-end ...
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Episode 121
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39:52
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An Optometrist's Guide to 529 Plans and Saving For College
Evon provides optometrists a deep dive into 529 plans and other methods of saving and paying for your kids' college costs.He dives into the rules of how 529 plans work, the federal and state tax benefits of using 529 accounts, how to us...
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Episode 120
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42:36
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(Rewind) Tax Planning Targets to Aim For Mid-Year
In this rewind of a popular episode, Evon dives into mid-year tax planning targets optometrists and practice owners should keep an eye on as we work through the rest of the year. He talks through specific points of planning he thin...
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Episode 119
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24:11
Adding Private Label to Improve Margins Without Compromising Quality with Dr. Chad Fleming
In this episode of The Optometry Money Podcast, host Evon Mendrin welcomes back Dr. Chad Fleming to dive into a strategy for private practice optometrists: private label products.Dr. Fleming shares his insights into how practice...
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Episode 118
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35:56
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(Rewind) Investing in Election Years: What History Tells Us About the Stock Market and Elections
What do presidential elections mean for your investments? What actions should you take during an election year?In this rewind of a popular episode, Evon provides context for this common question by diving into the historical behavior of...
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Episode 117
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17:19
Can You Buy a Car in Your Optometry Practice as a Business Expense with Jackson Pace and Kevin Dang, CPAs
Jackson Pace, CPA, and Kevin Dang, CPA of Refractional CFO join Evon on the podcast again to dive into a common question - can you (or should you) buy a vehicle under your optometry practice for the tax deduction?They dive into:...
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Episode 116
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51:05
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Cash Flow Clarity: Navigating Important Differences Between Profit and Cash Flow in Your Optometry Practice
Cash flow is the lifeblood of your optometry practice. In this episode, Evon dives into important differences between the profit you see on the Profit & Loss and the actual net cash flow of your business, and also explores the Statement of ...
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Episode 115
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21:32
Tax Planning Targets to Aim For Mid-Year
Evon dives into mid-year tax planning targets optometrists and practice owners should keep an eye on as we work through the rest of the year. He talks through specific points of planning he thinks about as he works with clients and...
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Episode 114
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23:31
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(Rewind) An Optometrist's Guide to How Income Taxes Work
In this episode, we rewind back to a popular 2023 episode. 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...
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Episode 113
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43:54
Actions to Take During (Routine) Market Declines
What should we do during stock market declines? Even though the ups and downs are a normal (and expected) part of investing, what beneficial actions can you take?Evon dives into rebalancing, tax-loss harvesting, and other actions optome...
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Episode 112
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22:23
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2024 Mid-Year Retirement Plan Updates and Deadlines Practice Owners Need to Know with Matt Ruttenberg
Matt Ruttenberg of Life Inc., Retirement Services joins the podcast for a mid-year review of 2024 updates for 401(k) plans and late-year deadlines optometry practice owners need to know. They dive into soon-to-be required auto-enrollmen...
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Episode 111
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26:22
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Student Loan Updates: Can't Access PAYE Plan, SAVE Court Cases, and more!
Now that July 1st has come and gone, Evon dives into the recent student loan updates optometrists need to know. He discusses how the Pay As You Earn payment plan is no longer accessible, the consolidation deadline passing for the One Ti...
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Episode 110
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23:14
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Investing in Election Years: What History Tells Us About the Stock Market and Elections
What do presidential elections mean for your investments? What actions should you take during an election year?Do provide context for this common question, Evon dives into the historical behavior of US stocks related to US presidential ...
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Episode 109
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16:52
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Navigating Commercial Real Estate Decisions for Your Private Practice with Colin Carr
In this episode Evon is joined by Colin Carr, founder and CEO of CARR to dive into lease and purchase decisions for your optometry practice real estate. We dive into what to look for in a location for your practice, negotiating points f...
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Episode 108
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57:30
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Investing At Stock Market All-Time Highs
With a new stock market all-time high earlier this year (2024), Evon provides perspective from history to put new record highs into proper context. While it's often thought that you should avoid investing at all-time highs do to some in...
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Episode 107
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13:44
Navigating a Successful Transition from Corporate Sublease to Private Practice with Dr. Tessa Sokol
Evon is joined by Dr. Tessa Sokol, owner of Sokol Advanced EyeCare in Madison, Wisconsin. Tessa shares her experience transitioning from a long-standing, successful corporate sublease to her own independent, private optometry practice. ...
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Episode 106
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55:17
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(Rewind) An Optometrist's Guide to Business Entities
In this replay of a popular 2023 episode, Evon revisits an important topic for optometry practice owners and independent contractors - the differences between different business entities!How do the different business entities work? How ...
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Episode 105
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35:14
(Rewind) An Optometrist's Guide to The Qualified Business Income Deduction
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 ca...
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Episode 104
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30:56
Avoiding Capital Gains When Selling Your Home with the Home Sale Exclusion
In today's episode, Evon dives into the tax considerations when selling your primary residence.Homes tends to make up a considerable portion of optometrists' net worth, and fortunately the IRS provides an exclusion for capital gains fro...
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Episode 103
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22:18
Unlocking Real Estate Losses to Offset Your Other Active Income with Thomas Castelli, CPA
Evon is joined by Thomas Castelli, CPA, partner at Hall CPAs, as well as CEO of Tax Smart Investors. Many optometrists own rental real estate properties, and it's common for practice owners to own the commercial real estate the practice...
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Episode 102
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42:41
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Tackling Conflict Head-On To Improve Your Optometry Practice with Dr. Bethany Fishbein
On today’s episode, Evon is joined once again by Dr. Bethany Fishbein to talk all about how to push through conflict and confrontation to improve your optometry practice and your career.Ultimately as business owners and professionals, or...
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Episode 101
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37:44
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100th Episode! What You Should Expect From Working With a Financial Advisor
In the show's 100th episode, Evon talks about what optometrists should expect and experience from working with a financial advisory firm. There has been historically poor business models in financial services that fall short of providin...
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Episode 100
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18:36
Creatively Structuring Practice Sales to The Next Generation of Optometrists with Michael Pote
Evon is joined by Michael Pote of The Growth Cooperative to dive into creative ways to structure the sale of a practice from one optometrist to another. They talk a little bit about the structure of private equity sales and OD-to-...
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Episode 99
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1:07:00
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