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 better business owner and getting the best advice from your advisors.

As a holiday gift, Evon opened up the app/dashboard he uses with clients (Elements) to track financial data and assess financial health. Click here to download the app, set up the initial information, and look through the "vital signs". You don't even have to interact with Evon if you don't want to, but he's happy to answer any questions.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• For Eyes Bookkeeping
• Facebook - Wade Weisz
• Access Financial Health Dashboard (Elements)!

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned in the show:

• The Optometry Money Podcast Ep. 34: Five Levers to Control Capital Gains on Your Tax Return
• IRS Tax Exempt Organization Search

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned in the show:

• The Chris Wolfe Podcast - Debt Management

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned in the show:

• Ashraf Advisory
• LinkedIn - Arsalan Ashraf, CPA
• Email: [email protected]

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 intertwined. You should look at them together when making financial decisions.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned in the show:

• Get Started - Optometry Wealth Advisors
• Schwab: Watch Out for Wash Sales
• Investopedia: Long-term vs. Short-term Capital Gains
• Schwab: How to Cut Your Tax Bill with Tax Loss Harvesting

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 performance, and more.

He's a wealth of knowledge, and there's a lot any practice owner can learn and adapt from how he measures the health of his own business.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources Mentioned in the Show:

• The Optometry Money Podcast Ep. 6: Navigating Associate Contracts, Practice Ownership, and Partnerships with Dr. Chad Fleming
• Wichita Optometry
• OptometryCEO/Partners in Profit
• Chad's Email: [email protected]
• MBA Key Metrics 2018: Assessing Optometric Practice Performance & Best Practices

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• The Power Hour Podcast by The Power Practice
• The Optometry Money Podcast Ep. 21: How Mentality Impacts the Success of Your Optometry Practice with Bethany Fishbein
• Your Money Mind Assessment

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Erickson Tax and Accounting
• Email: [email protected]
• IRS Withholding Estimator
• S Corporation Compensation

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Exclusively Eyecare
• The Chris Wolfe Podcast on EyeCode Media
• EyeCode Education

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 advice from your advisors.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• For Eyes Bookkeeping
• Facebook - Wade Weisz

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.