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YouTube and podcast versions are now available and click here to read FB Live Show Notes 

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LATEST ARTICLES FROM ODsonFinance

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Private Practice Spotlight – The Husband and Wife Team and their Cold Start Practice Duo

A few things come to mind when South Dakota is mentioned.  Vast state parks, enormous caves, Mount Rushmore and an old drug store are few that might ring a bell.  But how about a duo of successful cold start private practices? Probably not the first thing you thought about. Enter Jones Family Eyecare, a growing…

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Private Practice SpotLight: Starting Cold

Starting a practice cold is no easy task.  It takes immense amounts of work, analytical skills and a driven mind. Dr. Sam Johansen OD knows a thing or two about starting a practice cold. With two successful growing practices under his belt (in Greenwood, SC and Newberry, SC) and a third underway, Dr. Johansen exemplifies…

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Health Savings Account (HSA)

What is a Health Saving Account (HSA) aka “Stealth IRA”? Alright, let’s chat about the Ninja in the Room (Haha, I crack myself up) which is the Health Saving Account (HSA). If you are enrolled in a high-deductible health insurance plan, you can open an HSA either outside or via your employer. For 2019, the…

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Purchasing a Practice – The 4 Methods of Valuing a Practice

There are a myriad of ways to calculate the value of the practice. Although some methods may be used more than others, there is no “100% correct way” of valuing a practice. Ultimately the value of a practice becomes a mutual agreement between the potential seller and potential buyer. The buyer assumes it to be…

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7 Reason why Indexed Universal/Whole Life Insurance Suck

During the lifetime of ODs on Finance, we have received quite a few messages from doctors, family and friends about Indexed Universal Life Insurance (IULs).  IULs are promoted to mimic the Index SP 500 return. They are basically Whole/University/Variable insurance in disguise and present a variety of unneeded complications. Don’t fall for them! An important…

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Five Tips for Keeping Debt Low During Optometry School

Optometry school is an exciting time.  You begin a rigorous and in depth education that will directly impact your future.  You meet lifelong colleagues and friends. You learn skills that you will use to improve the lives of countless patients, and in turn, these skills will in turn help you make a living. However your…

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