Questions? Thoughts? Send a Text to The Optometry Money Podcast! Dr. Brianna Rhue joins Evon on the podcast to talk about how to create a more patient-centric contact lens sales process in your optometry practice. They dive into reasons patients walk with prescriptions, how to remove frictions throughout the patient experience, and how to use technology to streamline the contact lens sales process. Ultimately, this can lead to a better experience for both the patient and your staff and a more pr...
Apr 05, 2023•42 min•Ep. 52
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Evon revisits an important tax planning topic for optometry practice owners and independent contractors - the Qualified Business Income Deduction! He dives into what the deduction is, how it's calculated, its limitations and phase outs, how it works differently in different business types, and planning considerations to keep in mind. Have questions on anything discussed or want to have topics or questions featured on the show? Send...
Mar 30, 2023•31 min•Ep. 51
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Erich Mattei of Akrinos rejoins the podcast to talk all about performing due diligence when purchasing an optometry practice. He dives into financial, legal, and operational due diligence you need to perform during the process. Ultimately, is this the appropriate practice for you, and can it support the valuation? Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at ev...
Mar 22, 2023•1 hr 4 min•Ep. 50
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How do the different business entities work? How are they taxed? How are they different? In this episode, Evon provides a basic guide to the differences between: Sole Proprietorships Partnerships Limited Liability Companies (LLCs) S-Corporations Corporations If you own an optometry practice or are an independent contractor, hopefully this episode brings some clarity around how the different types of businesses operate. Have questio...
Mar 15, 2023•35 min•Ep. 49
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How do you calculate return on investment for the investments you make in your optometry practice? Amanda Collaso, owner of Bookkeeping for Optometry, joined Evon to talk all about calculating the return on different investments in your practice. They dive into equipment purchases, adding specialties, investing in staff and associate doctors, and more. Have questions on anything discussed or want to have topics or questions feature...
Mar 08, 2023•49 min•Ep. 48
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How do income taxes work? How do tax rates work? How are your taxes calculated? As tax filing deadlines approach, Evon dives into a basic guide for optometrists to how US federal income taxes work. He dives into how marginal tax rates work, how taxes are calculated, withholdings and estimated tax payments, filing deadlines, and different tax planning concepts to keep in mind when making financial decisions. Have questions on anythi...
Mar 01, 2023•44 min•Ep. 47
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How should you market your optometry practice? Justin Knott, CEO of Intrepy Healthcare Marketing, joins Evon to talk about marketing your practice. They dive into what you should include in your marketing efforts, how to get the most out of your website, social media and paid ads, and so much more. If you're wondering where to start or how to level up marketing your practice, this episode is for you. Have questions on anything disc...
Feb 22, 2023•53 min•Ep. 46
Questions? Thoughts? Send a Text to The Optometry Money Podcast! What is the 4% safe withdrawal rule? It's often talked about and cited in social media posts, blogs, and books. But where does it come from? What do you do with it? When is it useful and when is it not useful? Evon talks about the research behind the 4% sustainable withdrawal amount, its limitations, what it's useful for, and other helpful takeaways from the research. Have questions on anything discussed or want to have topics or q...
Feb 15, 2023•36 min•Ep. 45
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Evon provides an optometrist's guide to financial advisors. He dives into five questions that you need to ask financial advisors when looking to hire. It's often hard to know which financial professional does what and how they're all different. Hopefully, this guide helps you hire an advisor you trust. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometry...
Feb 08, 2023•38 min•Ep. 44
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Bethany Fishbein, CEO of the Power Practice, joins Evon to talk about her observations on what the most profitable mode of practice is for private practice optometry. Hint: It may not be what you expect! We also dive into the importance of knowing your chair cost, tracking the data in the practice and projecting out decisions, where specialties fit in, and how private practice can guard itself from larger, corporate competition. Ha...
Feb 01, 2023•55 min•Ep. 43
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Dr. Aaron Neufeld joins Evon to talk about launching a specialty lens practice in addition to - and separate from - his primary optometry practice. Dr. Neufeld is the owner of Los Altos Optometric Group, co-founder of the ODs on Finance Facebook group, and recently launched The Contact Lens Institute. He talks about the steps he took to plan and launch the specialty practice, the lessons he learned, and more. Have questions on anyt...
Jan 25, 2023•29 min•Ep. 42
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Dr. Mick Kling and Craig Moritz join Evon to talk all about navigating internal optometry practice transitions. They talk about when it makes sense to transition ownership, the steps of the process, due diligence, when lending comes into play, and more. Dr. Kling is the owner of a 2 location practice and is a Practice Management and Transition Advisor for Vision Source. Craig is with Vision Source as well, as the Director of Strate...
Jan 18, 2023•55 min•Ep. 41
Questions? Thoughts? Send a Text to The Optometry Money Podcast! What do optometrists need to know about the recently passed SECURE Act 2.0? Evon breaks down the biggest points of the law that both employed optometrists and practice owners need to keep an eye on, specifically around 529 accounts, SIMPLE IRAs, and 401ks. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com . Check out www.optometrywealth.com ...
Jan 11, 2023•29 min•Ep. 40
Questions? Thoughts? Send a Text to The Optometry Money Podcast! This episode features Dr. Joseph Allen, optometrist at PineCone Vision Center and founder of the Doctor Eye Health, a YouTube channel with over 750,000 subscribers. Dr. Allen, joined the podcast to talk about his journey building a personal brand through content creation in addition to his work as a practitioner. He talks about why and how he started creating videos, how he built a business around content creation, and the power of...
Jan 04, 2023•55 min•Ep. 39
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Enjoy a holiday replay of a 2022 favorite (Ep 29). Wade Weisz, owner of For Eyes Bookkeeping, joins Evon to talk about the ins and outs of bookkeeping for an optometry practice. They dive into the basics of bookkeeping, the three financial statements in the business, how often to review your financials, and ways to catch whether your books are accurate. It's hard to overstate how important clean, accurate books are to being a bette...
Dec 28, 2022•1 hr 2 min•Ep. 38
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Evon dives into the tax benefits of charitable giving and tax planning strategies to consider to make the most of your charitable donations. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com . Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwi...
Dec 21, 2022•27 min•Ep. 37
Questions? Thoughts? Send a Text to The Optometry Money Podcast! This episode replays Evon's interview on The Chris Wolfe Podcast on EyeCode Media. Evon and Dr. Wolfe dive into debt management for optometrists, student loans, private equity, tradeoffs with practice ownership, what to look for in a financial advisor, and more. Check out Dr. Wolfe's podcast - it's well worth subscribing! Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an ema...
Dec 14, 2022•49 min•Ep. 36
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Arsalan Ashraf, CPA and owner of Ashraf Advisory, joins Evon to talk about all about tax planning for short-term rental properties! They dive into the differences between long-term and short-term rentals, the many tax considerations and requirements with short-term rentals, cost segregation studies and planning around depreciation, some things to watch out for with rental properties, and so much more. Have questions on anything dis...
Dec 07, 2022•49 min•Ep. 35
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Evon continues the year-end tax planning theme and talks all about how investment income and capital gains impact your tax return. He dives into how your investment account creates income, how it's taxed, and 5 levers you can pull to control capital gains on your tax return. This episode is a great example of how all the different parts of your finances - investments, taxes, charitable donations, cash flow needs - are all intertwin...
Nov 30, 2022•43 min•Ep. 34
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Here's a Thanksgiving replay of a 2022 favorite, Episode 17! How do you assess the health of your optometry practice? What metrics should you look at? Dr. Chad Fleming, OD, FAAO returns to the podcast to talk all about checking the health and performance of your practice. He talks about the importance of scheduling time to step away from the day-to-day, four metrics he uses in his own practice, the importance of culture in practice...
Nov 23, 2022•1 hr 8 min•Ep. 33
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How does your mindset impact your financial decisions? This episode is a recording of Evon's guest appearance on the Power Hour Podcast with Bethany Fishbein. They talk all about different money mindsets, how mindset, values, and psychology impacts financial decisions, and how different processes and systems help you make better decisions. If you haven't listened to Bethany's podcast, it's well worth a subscribe! Have questions on ...
Nov 16, 2022•40 min•Ep. 32
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Joe Erickson, CPA joins Evon to talk all about end-of-year tax planning opportunities for W2 employed optometrists, independent contractor optometrists, and private practice owners. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com . Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealt...
Nov 09, 2022•54 min•Ep. 31
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Chris Wolfe, OD joins Evon Mendrin to talk about his experience navigating an internal succession plan, what he'd look for in a future co-owner, how private equity has impacted the future of optometry, and the role specialties play in the future success of private practices. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com . Check out www.o...
Nov 02, 2022•37 min•Ep. 30
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Wade Weisz, owner of For Eyes Bookkeeping, joins Evon Mendrin, CFP to talk about the ins and outs of bookkeeping for an optometry practice. They dive into the basics of bookkeeping, the three financial statements in the business, how often to review your financials, and ways to catch whether your books are accurate. It's hard to overstate how important clean, accurate books are to being a better business owner and getting the best ...
Oct 26, 2022•1 hr 1 min•Ep. 29
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Evon Mendrin, CFP talks about a basic estate planning tool that every optometrist should keep an eye on - keeping beneficiaries up to date on different accounts and life insurance policies. He walks through a few things to keep an eye on as you review your beneficiaries over time. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com . Check out...
Oct 19, 2022•19 min•Ep. 28
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How do you check the health of your cash flow? Evon Mendrin, CFP dives into the importance of how you use your cash, and the 4 key metrics he uses to check the health of your cash flow. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com . Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry W...
Oct 12, 2022•32 min•Ep. 27
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Dr. Larry Golson joins Evon to talk all about how Gino Wickman's book Traction and the Entrepreneurial Operating System can help take optometry practices to the next level. Larry is the owner of Envision Eyecare and Sherpa Consulting. He brings so much experience having cold-started his own practice, implementing Traction on his own, and now helping other practice owners do the same. Whether you're just cold-starting or well on you...
Oct 06, 2022•1 hr 2 min•Ep. 26
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How do you create freedom from the day-to-day operations of your optometry practice? How do you build a sale-ready practice? Josh Patrick, owner of Stage 2 Planning joins Evon to talk all about the importance of knowing the type of practice you want to build, how to create "operational freedom" for yourself in the practice, the importance of pre-funding your future practice buyout, the power of a customer advisory board, and so muc...
Sep 28, 2022•1 hr 2 min•Ep. 25
Questions? Thoughts? Send a Text to The Optometry Money Podcast! How do you plan for your kids' higher education? How do you navigate financial aid, or choosing the right college? Michael Labos, CFP®, CCFS®, owner of Gen X Wealth Partners, joins Evon to talk about how to prepare for the cost of higher education. They dive into how to pick the right college, playing the "game" of financial aid, how different families should approach it, and how to think about saving for college when the kids are ...
Sep 21, 2022•45 min•Ep. 24
Questions? Thoughts? Send a Text to The Optometry Money Podcast! Do you have balance in your balance sheet? Do you have the right mix of assets? Evon talks about finding balance in your balance sheet, and having a healthy mix between liquid, retirement, real estate, and business assets. The right mix helps to have healthy finances today and to be better prepared for financial independence. As mentioned in the episode, if you'd like to take a look at your own financial health scorecard and have a...
Sep 14, 2022•16 min•Ep. 23
