The Optometry Money Podcast

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

John Wiley of Eye Deal Solutions joins Evon to talk all about solving the HR and administrative headaches in optometry practices.

We talk about PEOs - Professional Employer Organizations - and how they help relieve the HR burdens from the practice owner and staff. We also dive into different ways to spice up the employee benefits in the practice, as many practices are working through difficulties keeping and attracting employees.

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:

• Eye Deal Solutions
• John Wiley - Linked In
• Akrinos Webinar: Financial Planning for Modern ODs (Wed, August 10th, 5 PM PT)

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 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
• Akrinos Webinar: Financial Planning for Modern ODs (Wed, August 10th, 5 PM PT)

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. Ryan Gustus - co-owner of Eyecare Associates and LensQuote - joins Evon to talk about his experience buying into an optometry practice and what he's learned about practice ownership.

They dive into how he learned to become an owner and about leadership, what he'd look for in a future partner, frictions and areas to improve in the patient experience and sales process, their thoughts about how ODs should approach selling, 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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Eyecare Associates Website
• LensQuote
• Email: [email protected]
• LinkedIn: Ryan Gustus
• Myers-Briggs Personality Profiles
• DISC Personality Profile
• Influence by Robert Cialdini
• Think Again by Adam Grant
• Outliers by Malcolm Gladwell
• Blink by Malcolm Gladwell
• The Tipping Point by Malcolm Gladwell
• But I Don't Sell by Steve Vargo, OD
• Thinking Fast and Slow by Daniel Kahneman
• Nudge by Richard Thaler and Cass Sunstein

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 actions should optometrists take when stock markets are declining?

Evon walks through some historical context around declines and bear markets, the importance of staying invested for the long term, and touches on a few actions you can think about taking with your investments during declines. 

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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Blog: Your Guide to Thinking Through Stock Market Declines and World Events
• A Wealth of Common Sense Blog: How Long Does it Take For Stocks to Bottom in a Bear Market?
• DFA: History Shows That Stock Gains Can Add Up After Big Declines
• Wash Sale Rule: What is It and How to Avoid It (Kiplinger)

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's the process to get financing for your cold-start? How do you get funding to buy into a practice?

David Tessier with Wells Fargo Practice Financing joins Evon to talk all about practice financing.

They dive into what goes into cold-start financing, what the loan terms look like, practice acquisition lending, and what he's seen lead to a good transition from selling to buying doctors.

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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Wells Fargo Practice Financing
• David Tessier - Linked In
• The Optometry Money Podcast Ep 4: Steps to Launch a Successful Cold-Start with Erich Mattei
• David's Phone: 619-997-6883

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.

Evon joins Dr. Nick Lillie as a guest on his podcast, The Ultimate OD Podcast to talk all about their experience growing their businesses.

He invited Evon on to talk about his experience taking the leap and cold-starting a business from scratch, why he serves only optometrists, tips for practice owners to help their businesses, and more.

It was a blast, and Dr. Lillie's podcast is a great listen worthy of subscribing. He has so many practice management and clinical tips each week, and a great personality and a mind for 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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• The Ultimate OD Podcast: Outside The Box with Evon Mendrin
• The Optometry Money Podcast Ep. 9: Scaling a Practice, Building the Team, and Adding Specialties with Dr. Nick Lillie

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.

It's time for a mid-year financial health checkup on your optometry practice!

Yuri Kapilovich, CPA and managing partner of his firm, Kapilovich and Associates, talks with Evon all about how to check the health of your practice from a financial and tax planning standpoint.

They go over what financial statements to look at, a few tests to look at for business health, and tax planning considerations for the second half of the year.

He's literally married to optometry and provides a lot to learn for both sublease and 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 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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Yuri Kapilovich LinkedIn Profile
• Yuri's Instagram - Mr. Tax Guy
• Book: Profit First by Mike Michalowicz
• Yuri's Podcast - The Capital Contribution Podcast 

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 you navigate mortgage decisions in a crazy housing AND mortgage market?

Troy Root, Mortgage Advisor in Central California, joined me on today's episode to talk all about how to navigate mortgage decisions, alternatives to the conventional 30-year mortgage, what's involved in underwriting, ways to restructure a mortgage without refinancing, and more.

It was great to have so much experience in the mortgage industry on the conversation on a foundational financial planning topic for most optometrists.

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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Facebook - Troy Root, Mortgage Advisor
• TroyRoot.info
• TroyRoot.com

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 build an optometry practice to multiple locations? How do you establish a great culture?

Dr. Andy Yaryan, owner of Yaryan Eye Care Center, joins Evon to talk about how he took on a practice right out of college, grew it to three locations, and how he reviews the health of the practice. He also talks about how important culture is to a practice and how he evaluates culture. Finally, he reveals how important coaching was to taking his practice to the next level.

It was a fun conversation learning from his 10+ years experience of owning a practice. There's a lot to learn for any practice owner wondering how to take their business to the next level.

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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Yaryan Eye Care Center
• Practice Coach - The Scheduling Institute
• Facebook - Andy Yaryan

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. Nick Lillie joins Evon to talk about all the lessons he's learned from 10 years of practice ownership.

Dr. Lillie owns Family Vision Optical in Allendale, Michigan, and hosts the Optometry: The Ultimate OD Podcast.

He talks about lessons learned from cold-starting an optometry practice, how to build the team, how he's approaching adding an associate, when to add a specialty to the practice, and so much more. He has a great mind for business and optometry, and there's something to learn for both established owners and optometrists just thinking about getting into private practice.

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 monitor the ongoing health of their finances. 

Resources Mentioned in the Show:

• Family Vision Optical
• Optometry: The Ultimate OD Podcast
• Book: Made to Stick
• The Optometry Money Podcast Ep. 6: Navigating Associate Contracts, Practice Ownership, and Partnerships with Dr. Chad Fleming

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.