8 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.

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The 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.

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Federal Student Loan Servicers Get Fired! Chaos Could Extend Student Loan Relief

As we approach September 30, 2020, when the temporary 0% Federal student loan and forbearance period are both expected to end, here are some important updates:

Key Points:
DeVos fires all 4 major loan servicers that handle federal student loans starting December 14, 2020.
What to expect when receiving a welcome letter from your new servicer and what to do?
10 year PSLF Borrowers: Download your payment history before End of 2020
Student Loan servicers chaos could extend student loan relief
Refi Student loans are trending lower

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Getting Cash For Your Small Business Through The CARES Act

[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…

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Trump Declared a 0% Student Loan Interest Waiver and Allows Borrowers to Suspend payment for up to Six Months, What should you Do?

Editor’s Note:Update [3/26/2020] We will try our best to update this article with the latest information/news from the federal government during these changing climate  With the Coronavirus crisis fully engaging our nation, every facet of our economic system is being affected.  President Trump declared Friday March 13 that he’s waived “interest on all student loans…

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The Optometrist’s Guide to Student Loans: Chapter 4 Refinance

The Optometrist’s Guide to Student Loans Chapter 1: Harsh RealityChapter 2: Federal ProgramsChapter 3: Loan ForgivenessChapter 4: How to Refinance Chapter 4: How to Refinance into Private Loans  This might be one of the most hotly debated topics among optometrists mainly because it is a ONE-time decision. Once you decide to refinance your federal loans…

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The Optometrist’s Guide to Student Loans: Chapter 2: Federal Programs

The Optometrist’s Guide to Student Loans Chapter 1: Harsh RealityChapter 2: Federal ProgramsChapter 3: Loan ForgivenessChapter 4: How to Refinance Chapter 2: Federal Programs If you are not pursuing any loan forgiveness programs or not eligible for tuition reimbursement programs, then the only option is to simply to pay off all your student loans. This…

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