The Optometry Money Podcast

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.

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 [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:

• Akrinos Cold-Start Corner
• ODs on Facebook

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! We'll answer your question on the show.

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 [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 in the show:

• Download Cash Flow Analysis Spreadsheet
• The Optometry Money Podcast Ep 22. How to Track Progress Toward Financial Independence
• The Optometry Money Podcast Ep 23: Is There Balance in Your Balance Sheet?

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! We'll answer your question on the show.

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 your way in practice ownership, an operating system like Traction can be a phenomenal guide and roadmap to help to manage and grow your 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:

• RoB: How I Gained "Traction" to Spur 30% Year-Over-Year Practice Growth
• Envision Innovative Eyecare
• Sherpa Consulting
• Traction by Gino Wickman
• VOSH International

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! We'll answer your question on the show.

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 much more.

He brings a wealth of knowledge, wisdom, and experience around small businesses to the conversation. Whether you're just launching your cold-start or well established, this conversation should help as you shape your business into the future.

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:

• Profit First by Mike Michalowicz
• The Optometry Money Podcast Ep. 17: Assessing the Health of Your Optometry Practice with Dr. Chad Fleming
• The Sustainable Business
• 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! We'll answer your question on the show.

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 younger.

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:

• Gen X Wealth Partners Website
• The Gen X Money Advisor Podcast
• Evon's Interview on The Gen X Money Advisor Podcast
• Email: [email protected]
• Blog: The Optometrist's Guide to Biden's Student Loan Announcement

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! We'll answer your question on the show.

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 conversation around that, let Evon know!

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. 22: How to Track Progress Toward Financial Independence
• Download: Balance Sheet Spreadsheet

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! We'll answer your question on the show.

How do you track progress toward financial independence? How do you know if you're on track, or how much you'll need to make work optional?

On this episode, Evon talks about how to measure and track financial health, and specifically, one metric optometrists can use to track their progress toward financial independence.

As mentioned in the episode, if you'd like to take a look at your own financial health scorecard and have a conversation around that, let Evon know!

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:

• Our Approach - Optometrywealth.com
• Blog: Tracking Financial Progress Through Your Personal Balance Sheet 

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! We'll answer your question on the show.

How important is your mentality to the success of your optometry practice? How important are your beliefs about your abilities, your practice, or the optometry profession?

Bethany Fishbein, CEO of the Power Practice and co-owner of her own optometry practice, joins Evon to talk about how critical mindset is to the practice's success - or lack of!

We also dive into common mentalities and beliefs we've seen that limit the potential of ODs and how to approach changing the way we think for the better. There's a lot of opportunity for private practice optometry - it takes the right mindset to see the opportunity in the challenges.

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 Power Practice
• Bethany Fishbein Linked In
• Eyes on the Money Newsletter: Diving Into Biden's Student Loan Announcement 

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! We'll answer your question on the show.

What is the benefit of using an independent optical lab? How do optometry private practice owners maintain control over their practices and profitability?

Ben Collier, founder and CEO of Independent Optical Lab, joins Evon to talk all about this and more! They dive into the benefits of using an independent optical lab vs. a corporate lab. They also discuss the biggest challenges he sees private practices facing - from consolidation to keeping control over profitability - and how to approach solving them.

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:

• Independent Optical Lab
• Linked In - Ben Collier
• The Optometry Money Podcast Ep. 8: Cold-Starting a Specialty Vision Therapy Practice with Drs. Miki Lyn Zilnicki and Jessica Licausi
• Anagram

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! We'll answer your question on the show.

How should optometrists approach student loan planning in 2022?

Evon gives an update on the state of federal student loans, what to expect with the payment freeze, and revisits the two primary approaches each optometrist should consider when planning how to pay their student loans.

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. 

UPDATE: Now that Biden announced his plans for federal student loans, check out my blog post on what ODs need to know in the link below. 

Resources Mentioned in the Show:

• Blog: The Optometrist's Guide to Biden's Student Loan Announcement
• StudentAid.Gov - PSLF Waiver
• StudentAid.Gov - IDR Account Adjustment announcement
• StudentAid.Gov - Income Driven Repayment Plans

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.