"Must Read" Comprehensive Guides
Every successful investor need to have a solid foundation on important financial topics. This is why we create this sort of "Learning center" where we will create full comprehensive guides for high earning professional that we will update each year to keep with current legislations or IRS tax laws
This will cover the basics of each vital financial areas that the typical optometrist might encounter in his or her career.
- What Should I do First? A Complete Guideline Step-by-Step
- The Optometrist's Guide to Student Loans
- The Optometrist's Guide to Student Loan Refi
- The Optometrist's Guide to Retirement
- The Optometrist's Guide to Roth IRA and Backdoor Step-by-Step Guide
- The Optometrist's Guide to Investing 101
- The Optometrist's Guide to Short Term Investing
- The Optometrist's Guide to Disability Insurance
- The Optometrist's Guide to Life Insurance
- The Optometrist's Guide to Side Hustles
- 2023-2024 Comparison Retirement & IRS Limits
- The Optometrist's Guide to Business Financing
- The Optometrist's Guide to Writing a Business Plan
Related Articles
7 Optometry Student Loan Updates Before End of 2022
I cannot believe that it is the end of 2022. It has definitely been a crazy past 2 years with a lot of ever-changing federal legislations regarding student loans. As we approach the federal 0% interest benefit expiration date on January 31, 2022, here are some 7 new updates in the world of optometry student loans.
Three 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.
What Happens to My Optometry Student Loans if I Die, Become Permanently Disabled, or Become Bankrupt?
Optometrists graduate with an average of $200,000+ in student loan debt, usually at a federal interest rate of 6.8%.. It is no wonder why many optometrists are worried about not being able to pay off their massive debt if they are unable to take home a large doctor’s salary. Even more fearful, a lot of ODs are worried that their loved ones will be stuck with their debt upon their passing or permanent disability.In this article, we will clear up some misconceptions around student loans (both federal & private) in regards to death and permanent/total disability.
How Dr. Kala Brown Eliminated $180K While Dealing with Husband’s Leukemia in 7 years #InspirationalStudentLoansSuccess
When it comes to loan debt elimination, Dr. Kala Brown Brewer’s story of eliminating $180,000 in student loan debt over 8 years is especially inspiring and heart wrenching. As a newly minted SCO grad in 2013, Kala first did a residency and then embarked on a career at an ophthalmology practice in North Carolina. Upon arriving at her new job, Kala found out that her husband had a relapse of leukemia.
6 Massive PSLF Changes + 3 Student Loan Tips for Optometrists
On Wednesday Oct 6, 2021, the US Department of Education announced a massive overhaul to their 10-year Public Service Loan Forgiveness Program, essentially affecting all optometrists working for non-profit clinics like VA, IHS or non-profit universities.
7 Updates on Managing your Student Loans in Mid-2021
We are halfway through 2021 and close to 1.5 years since the COVID pandemic lockdown; but most importantly, we are approaching the end of the federal 0% student loan interest relief (set to end September 30th). Here are 7 important updates in the world of student loans to help every OD be financially successful!
Ten Things Every OD Should Know About Crypto
As a company and forum founded in the fundamentals of investing, ODs on Finance has always sought to educate its audience on tried and true, historically and statistically proven investing strategies. However, in the modern age we are living in, the landscape of investing is changing. The relatively new asset class of cryptocurrency has raised a conundrum of mixed opinions and for good reason. While cryptocurrency as a whole lacks intrinsic value, and is tough to justify as an investment (based on the traditional definition of an investment); its wild volatility fueled by speculation has the capacity to make individuals extremely rich or dirt poor.
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.
ETFs vs. Mutual Funds
Wouldn’t that be great if investing was as interesting as a pay-per-view UFC fight? Sadly, this is not the case. Investing is far more boring, and unless you give up a pretty penny, we don’t anticipate Joe Rogan will be providing color commentary on your trades and unrealized gains.However, now that we have your attention with a cheesy two paragraph intro, let’s go through a two minute education on the difference between an ETF and an Index Mutual Fund.