Editor’s Picks
6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong
We have quite a few ODs on Finance members who are big Dave Ramsey fans, and quite a few who are Dave Ramsey Haters. Here are 6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong and how each OD can optimize them to be even more successful!
Read More8 Financial Lessons that I Learned during COVID-19
As we approach the end of August, we have experienced the worst market down-spiral in mid-March since the 2008 housing recession, with a -20% stock market crash. Luckily, year to date (YTD), the S&P 500 index has recovered nicely to roughly baseline. While we are not out of the woods yet, I have learned some important financial lessons, both as an investor and as an individual during this once-in-a lifetime catastrophe. Here are 8 things the pandemic has taught me.
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 More8 Reasons Why Every Optometrist should Invest in Index Funds
KEY POINTS: (1) Better Performance (2) Lower Cost (3) Less Time consuming (4) Less Risky (5) More Tax-Efficient (6) Ease of use in Building your Portfolio (7) Wide Availability (8) Eliminate Behavioral aspect and No Feeling of missing out (FOMO) Due to the recent COVID shelter in place order, many investors (new and experienced) are…
Read MoreThe Optometrist’s Guide to Side Hustles
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 MoreThe Optometrist’s Guide to Roth IRA Chapter 2: Step-by-step Vanguard
The Optometrist’s Guide to Roth IRA and How to do a Backdoor Roth Chapter 2A: How to do a Backdoor Roth with Vanguard | Step by Step Instructions Chapter 1: Introduction and Backdoor Roth IRAChapter 2A: Step-by-Step | VanguardChapter 2B: Step-by-Step | Fidelity Updated for 2024 Tax Limits In this chapter, we will show you…
Read MoreThe Optometrist’s Guide to Roth IRA Chapter 1: Introduction and Backdoor Roth IRA
The Optometrist’s Guide to Roth IRA and How to do a Backdoor Roth Chapter 1: Why is the Roth IRA so Awesome? Chapter 1: Introduction and Backdoor Roth IRAChapter 2A: Step-by-Step | VanguardChapter 2B: Step-by-Step | Fidelity Update for 2024 Tax Laws: A fully funded Roth IRA should be a goal for every optometrist, every…
Read MoreThe Optometrist’s Guide to Life Insurance
Life insurance is a situation that no one wants to address or even think about due to its morbid nature. For the mass majority of doctors with family or people who depend on their income, it is wise to consider what financial consequences their death can have on the people they leave behind. 2 Reasons…
Read MoreDummies’ Guide to Filling Out the Paycheck Protection Program Application
[Disclaimer] This article was written to the best of our knowledge with the latest news released from the Federal government. There are many moving parts to both of these programs, and as the days and weeks pass, there may be more clarification to some parts that are vague or confusing. Please be mindful, that I…
Read MoreThe Optometrist’s Guide to Investing 101: An Introduction
The Optometrist’s Guide to Investing 101 An Introduction to Investing The Optometrist’s Guide to Investing 101: An IntroductionChapter 1: What is an Investment & Basic Investing TermsChapter 2: How to Create The Ideal Portfolio of Stocks and Bonds?Chapter 3: Additional Asset ClassesChapter 4: How to Quickly Assess a Mutual or Index Fund?Chapter 5: Target Date…
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