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20/20 MONEY, hosted by Certified Financial Planner and experienced Wealth Adviser Adam Cmejla, aims to bring clarity to financial concepts and strategies that impact optometrists. For more information on the show and on Adam, please visit https://www.integratedpwm.com/
The ODs on Finance podcast focuses on all aspects of both personal and practice finance in order to promote financial education and success.
Show Sponsor: CooperVision Adam Cmejla is a Certified Financial Planner at Integrated Planning and Wealth Management (https://integratedpwm.com) specializing in financial advice to Optometrists for both their business and their personal needs. He and I met at the West Virginia Optometric Physicians Association State meeting in October 2020. I saw a…
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20/20 MONEY
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Strategies and procedures to increase your capture rate & second pair sales
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Jennifer runs a very successful private practice and also a successful sports vision practice in Connecticut. Long-time listeners will know that Jennifer’s been on the show in the past and I was excited to have her back to talk through how she thinks about the KPIs (key performance indicators) of her practice, specifically around how they’ve increa…
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20/20 MONEY
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Contract Negotiations for Optometrists: Creating a Win-Win for Associates and Owners
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On this episode of 20/20 Money! My guest on today’s show is Dr. Chris Lopez, OD. Contrary to what you might believe, picking the right investment is not your greatest wealth creating tool. It’s your income! Make sure that you know how to negotiate the right way and land the right job while also ensuring that it’s a win for the owner of the practice…
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Dr. Maria Sampalis - Navigating Corporate Optometry
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Show Sponsor: CooperVision Dr Maria Sampalis graduated from New England College of Optometry in 2007. She has a corporate practice with For Eyes and a private practice in RI.Dr Sampalis serves on the Board of Health in RI and other advisory boards throughout the country. Dr Sampalis was named young OD of the year in RI in 2016. She recently was nam…
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20/20 MONEY
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Plan Your Year: An Introduction to Free, Focus, and Buffer Days
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Welcome to the first episode of 2020 Money in 2021! On this episode, I’m going to share with you how I’ve implemented Strategic Coach’s Entrepreneurial Time Management System and how I believe ODs can also benefit from this time management system, including how to think about the financials of your practice based on how you’ve budgeted your time th…
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20/20 MONEY
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Hiring an Associate That Stays: The Importance of Culture
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On this episode, I talk with Dr. Ted McElroy. Ted has owned his practice for the last 27 years and is also a Vision Source Administrator for the southern part of GA and north-central part of FL. In today’s episode, we use one of our clients as a case study that kicked off the process of hiring an associate in your practice—and hiring an associate t…
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20/20 MONEY
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20/20 Rewind: Managing Your Schedule to Profitability with Dr. Gina Wesley (most downloaded episode of 2020!)
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Hey everyone, before we get into today’s show, I wanted to let you know about an in-depth write-up I did on our website about the recently passed COVID-19 stimulus package and how it impacts optometrists. While at the time of this recording the Act has yet to be signed into law by President Trump and there seems to be a bit of volleying back and fo…
Show Sponsor: CooperVision Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-managementBy Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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Completely Re-thinking the Patient Experience with Dennis Moseley Williams
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On this episode of 20/20 Money, my guest is Dennis Moseley Williams. Dennis is one of a few certified experience economy experts and his sincere passion and mission is to help business owners understand the importance of the customer experience and why it’s increasingly influencing where consumers spend their dollars. In this far-reaching conversat…
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EyeCode Media
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Dr. Diane Russo - Public Health in Optometry
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Show Sponsor: CooperVision Dr. Russo is an Associate Professor of Optometry in the Department of Primary Care at New England College of Optometry (NECO) where she is Instructor of Record for the following courses: Introduction to Public Health, Public Health and Clinical Practice, Patient Care II a & b, and Patient Care III a, b, & c. Dr. Russo is …
On this episode of 20/20 Money! My guest on today’s show is me! This is our AMA episode where my wife Andrea interviewed me on a variety of personal and professional questions that listeners of the show emailed us. We had originally planned on doing this as a way to celebrate the 100th episode of 20/20 Money but given where the timing of the episod…
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EyeCode Media
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Dr. Laurie Sorrenson - The Art of Fearlessness
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Show Sponsor: CooperVision One of the questions I stole from someone once was, “What would you do if you were brave?” With Laurie Sorrenson, you will hear that well before I got the chance to ask the question in this podcast. Laurie is one of the most productive, vigilant and fearless people I have met. She is continually poking the box to experime…
On this episode of 20/20 Money, my guest is Nathan Hayes. Listeners of the show will recall that Nathan was just on the show a couple of weeks ago, but this was a topic that we both believe is really important for optometrists to get clarity on at all points of their career: what’s your number? We’re defining “your number” as the amount of money th…
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EyeCode Media
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Drs. Michele Andrews, Melissa Tada and Jim Beckwith - Reframing Contact Lens Wear
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Show Sponsor: CooperVisionBy Christopher Wolfe, OD, FAAO, Dipl. ABO
On this episode of 20/20 Money, my guest is Kim Hockaday. Kim is an experienced mortgage loan officer with Ruoff Mortgage. In the historically low interest rate environment that we’re in these days, I wanted to bring Kim on the show to talk about mortgages and how optometrists should think about all aspects of home financing. We talk about three th…
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EyeCode Media
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Blake Stratton - Leveraging Your Strengths
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Show Sponsor: CooperVision A Nashville resident of 13 years, Blake Stratton is a Sales Associate. Blake first developed his love for sales and marketing while working in the music industry as a musician and songwriter. Before joining Michael Hyatt & Co., he was consulting with small businesses as a marketing writer and strategist. He’s driven by hi…
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20/20 MONEY
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How much cash should I keep in my practice?
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My guest on today’s episode of 20/20 Money is Nathan Hayes of IDOC. Nathan has been on the show in the past and I was excited to have him come on the show and talk about a topic that I find myself discussion with ODs regularly: how much cash to keep in your practice. In today’s discussion, we talk about how we define expenses and how many months of…
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EyeCode Media
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Dr. Mark Bullimore - Myopia Management: Number Needed to Treat and Harm
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Show Sponsor: CooperVision Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-management Check out Dr. Bullimore: https://bullers2020.com/…
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EyeCode Media
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Bonus #38: Proposed Mechanisms Behind the Association Between Near Work, Outdoor Activities and Myopia
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3:42
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Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-managementBy Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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5 Pieces of advice from Dave Ramsey that's wrong for optometrists
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While having a conversation with a friend recently, we got talking about Dave Ramsey’s personal finance philosophy and how great it is for the vast majority of people that follow his principles. But it got me thinking about how those principles apply to optometrists. Given the financial circumstances that ODs find themselves in right out of graduat…
Show Sponsor: CooperVision Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-management Check out Dr. Bullimore: https://bullers2020.com/…
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EyeCode Media
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Bonus #37: Proposed Mechanisms of Atropine in Myopia Management
3:31
3:31
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Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-managementBy Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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PPP Forgiveness Strategy, EIDL, and Election Update
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Today’s episode will discuss a couple of updates around PPP forgiveness and how to think about the taxation of PPP funds along with an additional perspective on the EIDL loans that so many optometric practice owners have taken out as a backup cash reserve. I’ll also share some thoughts on why it’s important to understand the role that our entire go…
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EyeCode Media
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Dr. Jeff Walline - Myopia Management Research
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56:42
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Show Sponsor: CooperVision Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-management Check out Dr. Walline: https://optometry.osu.edu/directory/faculty/jeffrey-walline…
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ODs on Finance
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Ep. 18 - Ask The CFPs, Pt 3 - Insurance & Asset Protection
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In this session of our "Ask the CFPs" series, Dr. Neufeld talks with CFP-partners Adam Cmejla and Natalie Schmook about different types of insurance, asset protection and financial planning for your children.By ODs on Finance
Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-managementBy Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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5 Scary Financial Decisions Optometrists Make That Keep Them Broke
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It’s the week after Halloween, and while we’re all coming down from the sugar high we earned by stealing our kids’ candy (no judgement here, I do it at a felony-level rate) I thought I’d cover 5 scary financial decisions that optometrists make that can prevent them from becoming wealthy or keep them broke. In this episode I highlight 5 areas where …
Show Sponsor: CooperVision Find out more about Dr. John Rumpakis here (https://prmi.com/about).By Christopher Wolfe, OD, FAAO, Dipl. ABO
Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle at https://www.eyecodeeducation.com/bundles/eyecode-billing-and-coding-premiere-bundle-billing-coding-with-complete-case-management Vishing scam article visit: https://www.checkpointmarketing.net/n.cfm/page/e105/key/413789342G3973J9378385N9N582411P0…
The concept of talking to kids about money can be both a taboo and ambiguous process. For optometrists that own their own practice, there’s an added variable of owning your own practice and using it as a vehicle to not only be in a position of paying your kids but also the generational wealth that can be created by you. In this episode I’ll share a…
Show Sponsor: CooperVision Find out more about Dr. John Rumpakis here (https://prmi.com/about).By Christopher Wolfe, OD, FAAO, Dipl. ABO
Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle!By Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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5 Ideas for Funding College Education for Your Kids
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As an optometrist, saving for college for your child or children can be a sensitive subject. Depending on how or if you had to pay for your own education can influence your mindset and how high on the priority list college savings is for you and your family. If you decide that you want to save funds for higher education, there are a number of vehic…
Show Sponsor: CooperVision Show notes: Chad Cannon is the Chief Sales Officer for Michael Hyatt & Co. He was formerly the founder and CEO of Chadwick Cannon Agency, a full-service digital marketing firm dedicated to amplifying brands and ideas. Prior to that, he was Vice President of Marketing for Thomas Nelson Publishers, now a division of HarperC…
Protect against and audits and learn the 2021 Updates with EyeCode Premier Billing and Coding Bundle!By Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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Taxes 101: Understanding Tax Brackets, Deductions, and Credits
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We’ve had a number of tax planning strategies for optometrists to consider in the past, but we’ve never really covered the basics of our tax system. In this episode, I’ll share with you how our income tax system works. I’ll also cover the difference between deductions and credits, explain which one’s better, and some common tax fallacies that we’ve…
Show Sponsor: CooperVision Find out more about Zeal at www.zealhelps.com.By Christopher Wolfe, OD, FAAO, Dipl. ABO
To conact your legislator: Text the word "FTCFix" to phone number 855-465-5124. You'll instantly get a link. Put in your address and then you will get pre-formed letters to your Senators based on where you live. Then hit send. Super easy!By Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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REALLY Understanding the R&D Tax Credit with Kyle Riddle
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Understanding whether optometrists qualify for the R&D tax credit is not a simple answer. There are many questions that need to be asked and parameters that must be met. Unfortunately, not all of those parameters are met with clear, black-and-white definitions from the IRS but are rather subjective in nature. This can open the door for misunderstan…
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EyeCode Media
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Dr. Shane Foster - From Associate to Multiple Practice Owner
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Show Sponsor: CooperVision Find out more about Dr. Shane Foster here.By Christopher Wolfe, OD, FAAO, Dipl. ABO
Check out EyeCode Comprehensive Billing and Coding Education at EyeCodeEducation.com Show Notes: https://www.vsp.com/eyewear-wellness/diabetes-care/diabetic-eye-exam-coverageBy Christopher Wolfe, OD, FAAO, Dipl. ABO
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20/20 MONEY
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3 Misunderstood Responsibilities You Have as a 401(k) Plan Sponsor
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43:56
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Owning an optometry practice requires you to wear many hats. As the owner, sponsoring a retirement plan in your practice is not without its share of responsibilities. In this episode, we talk about some of those administrative tasks that not only fall on you as the plan sponsor, but which of those responsibilities can be delegated to your professio…
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EyeCode Media
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Dr. Justin Kwan, Dr. Michelle Andrews and Richard Ruth - Myopia Control and MiSight
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58:20
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Myopia Management with MiSightBy Christopher Wolfe, OD, FAAO, Dipl. ABO
Check out EyeCode Comprehensive Billing and Coding Education at EyeCodeEducation.comBy Christopher Wolfe, OD, FAAO, Dipl. ABO
The Solo 401(k) is a viable option for independently contracted, 1099 compensated optometrists. It has many of the same benefits and options that a “normal” 401(k) has but without many of the testing and compliance requirements. However, they are not without their own limitations. In this episode, I share what optometrists need to know about when a…
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EyeCode Media
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Drs.Essence Johnson and Jacobi Cleaver - Impact HCBU
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Show Sponsor: CooperVision Check out Drs Essence Johnson and Jacobi Cleaver at Impact HCBUBy Christopher Wolfe, OD, FAAO, Dipl. ABO
Check out EyeCode Chart Auditing Service at EyeCodeEducation.comBy Christopher Wolfe, OD, FAAO, Dipl. ABO
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ODs on Finance
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Ep. 17 - Ask The CFPs, Pt 2 - Perspectives On Investing
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In this session of our "Ask the CFPs" series, Dr. Neufeld talks with CFP-partners Adam Cmejla and Natalie Schmook about investing strategies and philosophies for retirement. Index funds, individual stocks, bonds and commodities are all discussed.By ODs on Finance
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20/20 MONEY
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Should you make Traditional or Roth 401(k) Contributions?
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One of the most popular questions we get asked is whether their 401(k) contributions should be Traditional or Roth contributions. There are many factors that play into that decision and some of the variables that impact the decision are unknown (like future tax rates). In today’s episode we break down the difference between the two types of contrib…
Show Sponsor: CooperVision Learn more about Impact HBCUBy Christopher Wolfe, OD, FAAO, Dipl. ABO
