Featured Articles

"Hand-selected word of Wisdom to help you succeed" 

8 Dos and Don’ts When Purchasing an Optometry Practice

By Dr. Aaron Neufeld | August 23, 2021 |
Posted in , ,

Practice ownership is often heralded as one of the pinnacles of an optometric career. Having ownership of a practice often allows for higher income, and more importantly: freedom and autonomy to practice as one sees fit. In my career, I have had the privilege of buying my own practice as well as helping others through the buying process… So whether you are a newly minted graduate looking to begin your legacy, or you are a seasoned veteran looking to acquire another piece of your empire – use these points to help guide you towards your next big purchase.

7 Takeaways for Optometrists From Biden’s Extension Of Student Loan Relief

By DatBuiOD | August 9, 2021 |
Posted in

Last Friday afternoon, Biden announced that he will extend the student loan moratorium (which was supposed to expire at the end of September 30,2021) to a new date of  January 31, 2022. Benefits include suspended payments (forbearance) and frozen 0% interest from March 2020. While there are a lot of moving parts, here is what you should be aware of if you are an optometrist with federal loans:

8 Financial Mistakes that New Optometrists Make

By DatBuiOD | April 13, 2021 |
Posted in , , , , ,

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.

The Optometrist’s Guide to Writing a Business Plan

By Dr. Aaron Neufeld | January 15, 2021 |
Posted in , ,

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.

Annual Report: 2020

By Dr. Aaron Neufeld | January 6, 2021 |
Posted in , , , , , , ,

Well 2020 has surely been a year!  Let’s be honest, we all went into the year 2020 with big expectations…

8 New Year’s Financial Resolutions

By Dr. Aaron Neufeld | January 3, 2021 |
Posted in , , , ,

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.

10 Practical Tips on How to Pay Off $221K+ Optometry Student Loans in 5 years

By DatBuiOD | November 17, 2020 |
Posted in , ,

Like many optometrists, I graduated from Southern California College of Optometry (SCCO) with over $221,245 in student loans back in June 2015. It was a combination of both federal loans ($198,303) and high interest private loans ($22,942) that I took out for other living expenses during my 4th year rotations. In early October 2020, during the COVID-19 pandemic, I made my final and last student loan payment, roughly 5 years later.

2020-2021 Comparison Retirement & IRS Limits

By DatBuiOD | November 8, 2020 |
Posted in , ,

KEY POINTS: (1) Overall, 401K/Roth IRA/SIMPLE/SEP contribution limits are the same in 2021 (2) Trad IRA: For single taxpayers covered…