Posts by Dr. Aaron Neufeld
How Dr. Justin Jackman Eliminated $220K Through Practice Ownership in 7 years #InspirationalStudentLoansSuccess
My loan payment story is similar to many others out there at first. I started out making less ($100K the first year). I was married and had two kids at the time, so my income based payments were around $150 a month for the first 1 to 2 years. Then my loans jumped to $900 a month (they threaten you that if you don’t fill out the tax return application each year your loan will jump to $2500 a month which sounds terrifying when making $100k).
Read MoreAsk the CFPs Part 2 – Perspectives on Investing. (FB Live Event)
Investing has been one of the most discussed topics on ODs on Finance. With the current stock market showing heavy volatility, it is impervious to have a solid understanding of how investing works and how it can help you achieve financial freedom. Our CFP-partners are here today to answer questions on this very subject. Our…
Read MoreSWOT vs PEST Optometry Analysis
KEY POINTS: (1) SWOT analysis is for Strengths, Weaknesses, Opportunities and Threats, and is used for preliminary stages of decision making regarding business planning. SWOT analysis is simple. Draw a symmetrical grid with four boxes and label them Strengths, Weaknesses, Opportunities and Threats. (2) PEST analysis helps better understand environmental factors that can affect a…
Read MoreAsk the CFPs Part I – Budgeting and Debt Reduction (FB Live Event)
One aspect of personal finance that is vitally important but not necessarily “sexy” is budgeting and debt reduction. In addition to growing your money, limiting the money owed and devising strategies to keep your debt low will help grow your net worth. Our latest Live event will address ways to get out of debt and…
Read MoreThoughts on the Current Economy with Peter Schiff (FB Live Event)
With the world under distress at both a political and public health level, it is hard to make sense of economic activity. Furthermore, with heavy government involvement in the economy, long term implications are both scary and unknown. In this live event, famed economist Peter Schiff helps us understand his vision of the economic future…
Read MoreThe New Normal – Should Optometry School Tuition be Reduced in Light of Virtual Classes and Reduced Clinic Time?
The coronavirus pandemic has turned our world upside down. Face coverings and hand sanitizer, once foreign objects only wielded by the most righteous germaphobes, have now become a reality and requirement for nearly everyone. In the SF Bay Area, where ODs on Finance’s physical headquarters are located, many large tech companies have adopted a permanent work from home policy – which has lightened morning traffic, allowed many workers to move out of the area into more affordable areas and has undoubtedly reduced overhead cost for these large companies in terms of commercial real estate needs.
Read MoreMake Your Practice More Profitable (FB Live)
With rising challenges from decreasing insurance reimbursement, increased overhead, and online competition; being profitable in the private practice setting has become harder than ever. But here’s the thing: all these rising challenges can be dealt with and tackled head on. All that is required is creativity, “start up thinking,” and some sage advice from our…
Read MoreCARES ACT Provider Relief Fund (HHS) Update – All Hail the Mighty Second Payment
In January, many eye doctors were excited, hey 2020 was supposed to be the Year of the Optometrist, right? Well, everything came crashing down when mid-March hit, thanks to a certain, highly contagious respiratory illness. While there has certainly been a lot of negative repercussions with the ongoing COVID-19 outbreak and public health crisis, there…
Read MoreCPA Tax Advice: PPP, EIDL, and Everything In Between (Live Event)
The coronavirus has wreaked havoc in nearly every part of our lives, and as a result, the government has tried to step in and offer economic assistance. The CARES Act has been vital for both employees and employers as they seek to navigate the murky financial waters that COVID has created. But here’s the big…
Read MoreRecovering and Re-Opening after COVID-19 (Live Event)
COVID-19 has undoubtedly caused a lot of pressure on ODs both in personal and professional settings. However, recent news of states lifting stay at home orders and allowing business to resume have many ODs hopeful, but also filled with questions. Restarting from operational, staffing, cash flow and marketing standpoints raise major concern for practitioners. Our…
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