Retirement
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.
Read MoreAnnual Report: 2020
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 More8 New Year’s Financial Resolutions
The year 2021 is here. In our opinion, 2021 has it pretty easy. I mean, how much worse can it get after 2020? Joking aside, the beginning of the year presents a great time to take inventory of life and evaluate your financial health for the next 365 days. Here are a few New Year’s financial resolutions to get you started.
Read More6 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 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 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 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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