To Get Started on Your Financial Journey, Follow These Simple Steps...
-Dat & Aaron | Co-Founders
This rapidly growing community, boasting over 18,000 optometrists, is eager to assist with your financial inquiries. We offer advice on investment strategies, student debt management, and provide support and encouragement. Additionally, Dat and Aaron are available daily for direct, additional help.
If you wish to share your financial situation anonymously, please send us a direct message on Facebook for any private member posts!
2. Subscribe To Our Financial Newsletter
Rest assured, Dat and Aaron despise spam just as much as you do! Our aim is to furnish you with fresh and valuable articles, alongside the latest updates. We're committed to delivering quality content without the clutter of unwanted emails
3. Start With This Article And Keep on Reading the Latest Posts!
Through education, discussion, and tools, ODs on Finance strives to be a comprehensive resource for all finance-related matters. We aim to empower every optometrist, whether as an employee or practice owner, to achieve their full potential in their careers. Our objective is to help our colleagues in optometry and other healthcare professions live debt-free, financially liberated lives, and build substantial net worth. Financial freedom is one of the most valuable gifts you can give to yourself. Start learning today!
Annual Report 2024: In Review, and a Look at 2025!
Overview Dear ODoF Community! Can you believe it’s already one month into 2025? First, we would like to acknowledge that annual reports normally go out at the beginning of the year, however with so many moving parts and exciting projects we had to delay this a bit – our apologies in advance! In 2024, we…
16 End-of-Year Financial Checklist For Optometrists in 2024
As 2023 draws to a close, it’s vital for optometrists to focus on financial planning for a stable and prosperous future. This checklist, designed for eye care professionals, will guide you through key year-end financial tasks. While not every item may apply to your practice or personal finances, reviewing each one ensures you don’t miss important opportunities or obligations.
Retirement & IRS Limits Comparison: 2024-2025
As we approach 2025, retirement contribution limits including 401(k)s, 403(b)s, SIMPLE IRAs, SEP-IRAs, HSAs, and FSAs, have been adjusted modestly due to stabilized inflation rates. While catch-up contributions for those aged 50+ remain indexed to inflation, the IRS has postponed a Secure Act 2.0 provision requiring high earners ($145,000+ in Social Security wages) to make Roth-only catch-up contributions until 2026. Notably, starting in 2025, individuals aged 60-63 can contribute the greater of $10,000 or 50% more than the standard catch-up amount, providing an opportunity to boost retirement savings during peak earning years.
What Should I Do First? A Complete Step-By-Step Guide For Optometrists
Here is a “Guideline” list of financial steps that we hope will get you started, but should be adjusted to your own personal situation as an optometrist.
10 Practical Strategies to Pay Off a $221K+ Optometry Student Loans in Less Than 5 Years (Updated for 2024)
KEY POINTS: Avoid “Doctor Lifestyle”: Live like a student a bit longer to build financial stability, even after graduating. Shift Your Mindset: Stop making excuses and take charge of your financial future by learning and applying financial principles. Refinance Loans to a lower rate with a goal to pay it off in 5-10 years. Stick…
Overview of the Optometry Student Loan Market: June 2024
With the incoming class of new optometry doctors entering the profession last month, new graduates today are facing a steeper hill regarding their student loans. The latest 2023 Optometry Income Report shows an average student loan debt of around $230,000, with about 8% of doctors having a debt burden exceeding $300,000.
4. Check Out ODs on Finance Book Series
These books strives to teach student, young and experienced optometrists financial topics that were never taught in school, ranging from strategies on how to use a high-income salary to attack massive student debt, budgeting and saving for retirement, avoiding predatory advice from financial advisers, using tax strategies to save money, creating passive income, stepping into private practice ownership and how to build wealth through long-term investing in an ever-changing optometric world.
Clinical anecdotes and straightforward advice will keep students and new graduates entertained page after page while teaching important financial lessons to avoid potential pitfalls.
5. Refinance Your Student Loans Today to Save Money!
Great news! Aaron and Dat were able to negotiate and advocate for the best term rates and cash back bonuses for all ODs on Finance members/users looking to refinance their student loans.
Starts thousands worth on interest and get up to $1000 Sign-Up Bonus today!
6. Need Help with a doctor's home mortgage, disability/life insurance, or a tax CPA?
Whether you're in search of top refinancing lenders, insurance brokers, real estate assistance, tax professionals, or a book recommendation, this exceptional list of Recommended Resources is tailored for optometrists and other high-earning professionals. Aaron and Dat diligently vet each partner to ensure they uphold ethical standards and adhere to our stringent principles.
If you're seeking trusted and experienced professionals and services, you're in the right place!
Explore our upcoming virtual webinars, where we provide more than 50 hours of CE hours and financial webinars. Enjoy all of these for free and from the comfort of your own home!
8. Are You A Practice Owner? Or Opening Cold?
Unlock the full potential of your optometry practice with unbeatable, negotiated rates and unrivaled financial resources - all under one roof! Get access to the LOWEST Equipment pricing 100% FREE.
Don’t forget to join our Free Cold Start Accelerator!
