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

What's the value of your optometry practice? What goes into a practice valuation?

Erich Mattei of Akrinos joins the podcast to provide an introduction to optometry practice valuations.

Erich dives into his work with valuations, three general approaches to valuating businesses, and when practice owners should start considering their practice's value.

Lastly, he discusses how valuations can be improved and ways current valuation methods and recent high valuations are creating roadblocks for the successful transition of independent practices from owner optometrist to the next generation.

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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Akrinos LLC
• Women in Optometry - The Great Retirement May Be Coming in Optometry
• The Optometry Money Podcast Ep 41: Navigating Internal Practice Transitions with Dr. Mick Kling and Craig Moritz
• The Optometry Money Podcast Ep 50: Guide to Due Diligence on Practice Purchases with Erich Mattei

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 the partners and vendors in your practice have the same values of independence as you?

Ben Collier and Dan Korolev of Collier Optical Lab join the podcast to talk all about the benefits of independent optometry practices working with an independent optical lab. They dive into what being "independent" means, and how independent labs operate differently. They also talk about the importance of your lab relationship to the patient experience, internal processes, and profitability to the practice.

It was a fascinating conversation, and we're happy to feature independent businesses doing great things to help the sustainability and longevity of optometry 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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Collier Optical Lab

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.

Fellow financial advisor Andy Panko, CFP®, RICP®, EA joins Evon on the podcast to dive into the ins and outs of Indexed Universal Life (IUL) Insurance.

In a recent explosion of marketing and sales on the internet, this highly complex insurance product is often touted as "THE" product you should own above all others.

Andy and Evon provide an objective review of this type of life insurance, diving into how the product works, how it's different from other types of life insurance, ways that the policy may not go as expected, downsides and considerations, as well as when it makes sense to own such a policy. Lastly, we do a bit of "fact or fiction" on common marketing lines used to sell these products. 

Hopefully this episode helps optometrists make more educated decisions around what can be a complicated insurance product.

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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• The Optometry Money Podcast Ep 45: What is the 4% Safe Withdrawal Rule?
• The IUL Experiment
• Retirement Planning Education
• The Optometry Money Podcast Ep 77: Ins and Outs of Permanent Life Insurance with Broc Buckles
• The Optometry Money Podcast Ep 76: An Optometrist’s Guide to Life Insurance

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.

To continue September's life insurance theme, Evon is joined by Broc Buckles - co-founder of BC-Brokerage - to dive into permanent type life insurance.

They talk about the ins and outs of how permanent life insurance policies work, when they're appropriate for optometrists' insurance planning, some ways they're used inappropriately, and ways to adjust or get out of a policy.

Hopefully this episode helps optometrists make more educated decisions around what can be a complicated insurance product.

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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• BC-Brokerage
• Broc Buckles LinkedIn
• Broc Buckles Twitter

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 September, which means it's Life Insurance Awareness Month! In light of the theme, Evon provides an optometrist's guide to life insurance.

Life insurance coverage is a core, important piece to managing the big financial risks in the life of an optometrist. Evon dives into the purpose and uses of life insurance, the different types of life insurance policies - from term life to whole life and universal life, how to decide how much coverage you should get, things to watch out for in insurance marketing, and 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 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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Life Happens Life Insurance Needs Calculator
• The Optometry Money Podcast Ep 44: An Optometrist’s Guide to Financial Advisors (5 Questions To Ask)
• Eyes on the Money Newsletter #32: What's the purpose of life insurance?

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?

In this rewind of a popular 2022 episode, Dr. Andy Yaryan, owner of Yaryan Eye Care Center, joins Evon to talk about how he purchased an optometry 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.

As the dust settles on all the recent changes, Evon dives into one more comprehensive episode on student loan planning for optometrists in 2023 and beyond.

Evon talks about the recent updates in federal student loans, including the recent SAVE income-driven repayment plan and PSLF updates. He goes through student loan deadlines optometrists need to know about. Lastly, he discusses the different student loan repayment strategies you should consider, and what factors help you decide which approach to take.

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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• The Optometry Money Podcast Ep. 67: The Supreme Court Ruling, New SAVE IDR Plan, and Other Big Student Loan Updates
• Federal Student Aid - IDR Account Adjustment
• Federal Student Aid - Public Service Loan Forgiveness (PSLF)
• Fact Sheet - SAVE Plan and PSLF Rule change
• Contact Us - Optometry Wealth Advisors

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.

In this rewind of a popular 2022 episode, 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.

Ankit Patel joins Evon to talk about how to use Artificial Intelligence (AI) to create a more efficient and productive optometry practice. Ankit is the CEO of Classic Vision Care and the Founder of My Business Care Team.

Ankit and Evon dive into how AI can improve workflows in your optometry practice, administrative tasks, the patient experience, hiring process, and even clinical work.

He talks about the different AI tools he uses, and even goes through a live demo of how he uses them to screen candidates for his hiring process. Like all technology, AI tools can be used to enhance the work you do as an optometrist and practice owner, as well as the work of your staff. 

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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• My Business Care Team
• LinkedIn: Ankit Patel
• Classic Vision Care
• Zapier
• Chat GPT
• Bard
• Anthropic
• NIH: Optometrist's perspectives of Artificial Intelligence in eye care

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.

Jackson Pace, CPA, owner of Refractional CFO, joins Evon to talk about how to look at the health of your optometry practice through the eyes of a CFO.

They talk about what data in the practice he reviews, how he looks at the financials of the practice, differences between cash flow and profit, appropriate amounts of debt in the practice, and 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 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 and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Refractional CFO - Jackson Pace, CPA
• Profit First by Mike Michalowicz
• Get your FREE financial health 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.