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
117 episodes
(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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Student Loan Update: Pause to Recertify Incomes Extended for IDR Plans
Evon dives into the recently announced update for federal student loans! The Department of Education extended the pause for income recertification for borrowers on income-driven repayment plans to late September, 2024 at the earliest. Optometri...
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Episode 98
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10:54
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Financial Planning for Optometrists: Part Two (Guest Appearance on The Four Eyes Optometry 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 ...
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Episode 97
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47:25
Deep Dive Into Financial Due Diligence When Buying an Optometry Practice with Jackson Pace and Kevin Dang, CPAs
Evon is joined by Jackson Pace, CPA and Kevin Dang, CPA of Refractional CFO to take a deep dive into financial due diligence when buying a practice. They talk about:The goal of financial due diligence and the list of wh...
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Episode 96
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50:17
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Improving Student Loan Outcomes When Filing Taxes Married Separately
Using income-driven repayment (IDR) plans toward student loan forgiveness can be a favorable way for optometrists to manage student loan debt. In this episode Evon talks about how strategically changing the way you file your taxes when married ...
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Episode 95
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27:05
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Why Active Investment Management Fails with Andrew Berkin, PhD
Andrew Berkin, PhD - head of research at Bridgeway Capital Mangement and author of The Incredible Shrinking Alpha - joins the podcast to discuss why active investment management fails, and why you're unlikely to get the outperformance you're lo...
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Episode 94
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1:03:52
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Improving Your Practice's Hiring Process by Turning It On Its Head with Dr. Micheal Neal
On today's episode Dr. Michael Neal of Lakeside Vision and founder of Build My Team joins the podcast to discuss the lessons he learned and process he built to hire better team members for optometry practices. We dive into:...
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Episode 93
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1:15:29
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