"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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My Office is Closed; I am Out of Work, What Do I Do?

[Disclaimer] This article was written to the best of our knowledge with the latest news released from the Federal government. Some information may change/modify so we will keep the information updated to the best of our ability On March 17, 2020, the CDC and subsequently the AOA has urged all non-essential eye care providers to…

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The Federal Reserve Just Slashed Interest Rates to 0%, What Does This Mean for Me?

March 2020 is shaping to be one of the craziest months our country has experienced in quite a while.  There is no doubt that these next few weeks will find their places in US History books that our children and grandchildren will study in the future. With widespread quarantine efforts by the government and CDC,…

COVID-19 Has Closed My Practice, What Should I Do_

COVID-19 Has Closed My Practice, What Should I Do?

We are experiencing uncharted territory as the coronavirus pandemic continues to ravage the economy, health and mental stability of the American population.  As of March 23, 2020, multiple states have issued “Shelter in Place” acts which limit business operations to essential businesses only. The big concern that arises for practice owners from extended closures/minimum operation…

Student Loan 0%

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…

Navigating Market Mantras During Volatility and Uncertainty

Navigating Market Mantras During Volatility and Uncertainty

The perfect storm of the COVID-19 outbreak and the upcoming election has led to an extremely volatile market.  March 16, 2020 marked the second largest single day loss by the Dow Jones Industrial Average, in the history of the US. With the market down and heavily volatile, a few mantras regarding how to invest with…

Top view of young female writing on blank notebook in warm beige feminine workspace concept with make up and office supplies

We are likely going to head into a Recession; here is how you can Prepare

Hey ODsonFinance Community, Look like today is going to be another unpleasant day in the stock market with the recent announcement by the President to restrict air travel to Europe. As of this writing on Thursday March 12, 2020, the market have drop more than 20% from its recent highs in February and officially we…

Dollar Cost Average

Dollar Cost Averaging

Wealth building is a process that comes in many forms. Many agree that there are three major steps to wealth building: Eliminating Debt Saving Money & Acquiring Assets Allowing Assets to Grow If we were to equate wealth building to painting a picture, Step 1 would be our blank slate, Step 2 our paint brush…

Disability Blog

The Optometrist’s Guide to Disability Insurance

Optometrists with an average salary of $120,000 will make approximately $10 million dollars over their working career when factoring in raises and inflation. It took you 8-10 years of schooling to get to where your career is, in addition you probably took over $200,000 worth of student loans to invest in your future. Therefore, with…

FSA

Capturing FSA Dollars for Practice Profitability

Set Precedence As I write this article, we are approaching the end of the calendar year.  Holiday decor, cold weather and basketball season are all in full gear. So what does the end of the year mean for an optometry practice?  In many cases, this is a practice’s busiest time with patients trying to get…