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.

Read More

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.

Read More

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.

Read More

Hello ODs on Finance Family, 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…

Read More

If you follow the ODs on Finance Facebook page, among the great content you may find some disputable topics. Perhaps one of the more controversial issues that plenty of optometrists deal with regularly is compensation. Specifically, many ODs wonder where their financial package falls on the scale of monetary standards, from “You’re Getting Ripped Off” to “I’ll Have My Student Loans Paid Off and Own a Lamborghini In No Time.”

Read More

Contract Review & Career Consulting Optometric Career Consulting Dr. Chris Lopez O.D has been helping optometry students and young ODs navigate through their career search since he was in optometry school. His goal is to help you get the most out of your job search. Optometry schools do a tremendous job of preparing us for…

Read More

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 More

With the increasing burden of massive student debt and low insurance reimbursement rates, many optometrists are searching for income alternatives to make extra money aside from their full-time optometric profession. Many optometrists are looking for ways (either passive or active) to supplement, or even completely replace, their current income by doing a “side hustle”. Click…

Read More

You’ve made it past the first few rounds of the career search. You’ve explored and applied for an open position, there has been some initial contact between you and the employer, and now you’re due for the actual job interview followed by (hopefully) a contract negotiation.  You’re doing great, but the real fun lies ahead. …

Read More