Guest Article
Creative Approaches To Acquire An Optometric Practice
Approaching the acquisition of your first practice with a little creativity may open up additional opportunities for acquisition at a more reasonable cost of investment. We are all used to the approach of identifying a practice for sale and buying it. Gone are the days when banks easily lent money, that borrowed cash was affordable, and the price of practices for sale was attainable to a new solo practice optometrist
Read MoreOvercoming $153,242 Student Loan Debt in Four Years Working in Corporate Optometry
Hello, I’m Dr. Ayana Pierre O.D, and I graduated from NSU in May 2019. I chose the path of corporate optometry and currently practice in Central Florida. Working about 4.5 days a week, I’ve been fortunate to earn a gross income of approximately $250,000 last year. This achievement has been a blessing, providing me with not just financial stability but also the flexibility to manage my schedule effectively.
Read MoreConquering a Mountain of Debt: Paying off $242K in 7.5 Years on an Starting Salary of $85K as an Optometrist
Over 7.5 years, Ada Noh cleared her substantial student loan of $242K on a beginning salary of $85K by adopting a frugal lifestyle and engaging in optometry-related side gigs.
Read MoreState of ODs on Finance: 2022 in Review, and a Look at 2023!
It’s hard to believe, but the year 2022 has vanished in the blink of an eye. This past year, we’ve had the pleasure of seeing ODs on Finance continue to grow and help ODs on their financial journey, whether they be new grads or seasoned veterans. We are thankful for your attention, your questions and your contributions. Two tenets that hold paramount value to us at ODs on Finance are transparency and productive growth. In this letter, we will highlight how our community has grown, the various methods we provide value to our community, exciting new projects/acquisitions for 2023, and a look at our commercial interests/disclosures – trust us, you’ll want to read this! Here is a quick recap of 2022!
Read More6 Common Tax Mistakes That Optometrists Make
Optometrists are not trained in maximizing their tax benefits. Consequently, doctors who prepare their taxes themselves may miss many deductions they are entitled to take. I don’t know about you, but I want to take advantage of all the tax benefits I am entitled to. Following are six mistakes I see optometrists make that are costing them a lot of money in overpaid tax bills.
Read More10 Things Your Optometry Lawyer Wants You to Know About
Putting yourself in the best position possible to be successful involves getting professional help, and an optometry attorney can be a vital part of your team of professionals.
Read More$182K in 2.75 years | Balancing Residency, Future Goals and Aggressive Loan Payoff with Dr. Andreas Zacharopoulos O.D
When we think about paying off student loans, it is hard to couple the ideas of finishing a residency and also knocking out student loan debt quickly. Simply put, a residency provides great experience but comes at a cost – a year of well-below average wages. Despite this hurdle, our Student Loan Success Story and active ODs on Finance member Dr. Andreas Zacharopoulos was able to knock out his debt and start setting himself up for financial success. In this article, Andreas gives us a detailed account of how he paid off his student loans and some helpful strategies for overcoming some common struggles in the quest for financial freedom.
Read MoreThe Optometrist’s Guide For Health Insurance
Mortgages, car payments, loans – what do these have in common? Well they are all high cost bills on your plate. There are options so your health insurance doesn’t have to be another one. When it comes to health insurance, it’s much better to have it and not need it, than need it and not have it. Here are some great tips on how an optometrist can shop around for health insurance
Read MoreThree Important Tax Facts for Optometrists Investing in Cryptocurrency
For the past two years, as we have been in the middle of a global pandemic, many Optometrists have become interested in cryptocurrencies. This article will explain some of the basic questions you may have about cryptocurrency from a tax point of view.
Read More6 Ways Optometrists Can Reduce Disability Insurance Premiums
In today’s world there are so many things we need to get in place to help protect ourselves and our families; yes, optometry disability insurance is one of them. Here are 6 ways optometrists can reduce disability Insurance Premiums
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