"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.


 

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On Wednesday March 10, 2021, the House approved President Biden’s $1.9 trillion stimulus bill called the “American Rescue Plan”. The legislation is one of the most sweeping economic recovery plans in the nation’s history. Stemming of the American Rescue Plan, this article will focus on 5 take-aways for student loan borrowers.

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Annual Report: 2020

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 looming importance of financial education…

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8 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.

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Student Loans Debt COVER

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My loan payment story is similar to many others out there at first. I started out making less ($100K the first year). I was married and had two kids at the time, so my income based payments were around $150 a month for the first 1 to 2 years. Then my loans jumped to $900 a month (they threaten you that if you don’t fill out the tax return application each year your loan will jump to $2500 a month which sounds terrifying when making $100k).

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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.