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Latest Announcement/Upcoming Events
Special $1000 Bonus Sign-up for ODs on Finance Members
Aaron and Dat are excited to announce that we have successful negotiate the highest $1000 Cash Back Bonus for our ODs on Finance Member from both Splash and Credible! Thank you for their support in our little OD Community!
Benefits:
- Free, fast and able to compare prequalified rates from multiple lenders under 2 minutes, without affecting your credit score. Get a final offer as little as 1 business day!
- Credible’s partner lenders do not charge prepayment penalties, loan application fees, or origination fees.
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Forbearance and discharge on death/disability is dependent on individual lenders
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Special Promo: Get up to $1000 bonus for loans over $100K, $500 Bonus if less than $100K loan by March 31, 2021
Requirements:
- All States eligible
*Disclaimer: To receive $1,000 welcome bonus, ODs on Finance readers must refinance a balance equal to or greater than $100K by April 30, 2021. If refinancing a balance below $100K, readers are eligible for a $500 welcome bonus.
Benefits:
- Fast and easy application online without affecting your credit score
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No application or origination fees, with no prepayment penalties
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Able to refinance as low as $5000 loan with no maximum limit
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Forbearance and discharge on death/disability is dependent on individual lenders
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*Bonus based amount of loan approved: $1000 Bonus for Loan refinanced must be $150,000 or more, otherwise $500 Bonus for loans greater than $100,000
Requirements:
- All States eligible
After many months of research and due-diligence, we are excited to have Ubiquity Retirement on board as our new partner! Great track record, awesome UI/UX tech, amazing customer service and low-cost fixed fee for small OD business.
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Great Experience: Over our 2 decades, they have helped 10,000 small business clients save over $2.5 billion towards their retirement. -
Solo-401K, Safe Harbor, 401(k) match, Roth and pretax contributions, and automatic enrollment for their employees.
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Payroll integration (ADP, Gusto, Paychex, Intuit, Paylocity, Ripping) with over 20+ providers
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Fixed fee (2-15 employees): Low Start-up fee, with as low as $90/month
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Access to low-cost index funds.
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LATEST ARTICLES
8 Financial Mistakes that New Optometrists Make
The average new optometrist graduates at an average age of 28 year old (significantly behind non-OD peers in terms of income generation), with an average student loan debt of over $220,000+, with little or no retirement investments. Often new grad optometrists find themselves practicing in oversaturated cities and most importantly without any formal financial education. This is the perfect storm that often leaves many doctors mentally overwhelmed and prone to devastating financial mistakes. In this article, we will address 8 common financial mistakes that new OD graduates make and how you can avoid them to be financially successful.
5 Things to Avoid During Your Career Search
We’re well into 2021, which means that we’ve moved past the dreaded year-that-shall-not-be-named and fourth year optometry students are nearing the finish line. The end of the school year means that most OD students have jobs lined up, are in the interview process, or are currently applying to jobs (at least they should be!). In the spirit of beginning the journey that is our optometric careers, the ODs on Finance team and I have come up with a brief article that highlights a few “DO NOTs” of the job search and how to address them.
ETFs vs. Mutual Funds
Wouldn’t that be great if investing was as interesting as a pay-per-view UFC fight? Sadly, this is not the case. Investing is far more boring, and unless you give up a pretty penny, we don’t anticipate Joe Rogan will be providing color commentary on your trades and unrealized gains.However, now that we have your attention with a cheesy two paragraph intro, let’s go through a two minute education on the difference between an ETF and an Index Mutual Fund.
America Rescue Plan Stimulus Bill: Five Student Loan Updates
KEY POINTS: (1) No $10,000 Student Loan Forgiveness (2) Temporary Tax Relief for Student Loans Forgiveness until January 1, 2026 (3) Biden hasn’t extended the 0% payment and interest CARES student loan freeze, so the bill is still set to expire by the end of September 30, 2021. (4) Small Business Relief For Business Owners…
The Customizable Profit & Loss Spreadsheet that Every OD Practice Owner Should Have
By popular demand, here is a copy of my Profit and Loss Statement spreadsheet that I use at my offices. I track my income and expenses very diligently and this has made applying for programs such as PPP loans and COVID relief grants easier since I can compare changes in revenue year by year. In…
New Targeted $10,000 EIDL Grants: Do You Qualify?
With the initial economic shock of the COVID-19 pandemic back in March 2020, the Emergency Injury Disaster Loan (EIDL) and subsequent grant programs funded by the CARES act received a lot of buzz. In the first round of the EIDL grant, businesses were granted $1000 per employee of their business, up to a maximum of $10,000. Recently, congress has allocated another $20,000,000,000 in EIDL grants (advances) in the new stimulus to allow businesses who received less than $10,000 to qualify for the full $10,000 grant, minus any amount already received. Let’s take a look at EIDL grants and common questions regarding them.
Carotenoid Levels in Ocular Disease and Systemic Health (1 hr COPE CE Virtual)
We are ecstatic to host our first live CE event of 2021 with the Dr. Greg Caldwell. We hope this CE event will help you better understanding of how carotenoids affect ocular disease and gives some ideas on what technologies you can implement in your practice in regards to carotenoid levels.
Carotenoids are nutrients that have been proven to protect the eye from light damage and several ocular pathologies. Their antioxidative protection is most recognized in age related macular degenerations. Many ocular and retinal diseases are linked to low levels are carotenoid levels.
The Optometrist’s Guide to Writing a Business Plan
When it comes to building a great business, a business plan is a vital piece of the puzzle. A business plan explicitly explains how a business seeks to go after its mission and how it will utilize its operations to become profitable. Components of your business plan will help you think through problems and arrive at solutions. Alongside this, a well written and convincing business plan will help you obtain funding, bring in additional partners (if applicable) and even get investors.
Annual Report: 2020
Well 2020 has surely been a year! Let’s be honest, we all went into the year 2020 with big expectations – but the so-called Year of the Optometrist had some nasty surprises up its sleeve. Despite the trials and tribulations that 2020 brought, it also brought important lessons, and the looming importance of financial education…
