LIVE at IDOC Connection!! Practice profits, household budgets, and personal wealth w/ Nathan Hayes

<p class="MsoNormal" style="line-height: 150%;">Welcome to this episode of 20/20 Money! This was a very special episode of 20/20 Money, as it not only was live on location at <a href= "https://idoc.net/">IDOC</a> Connection 2023 in Orlando with <a href="https://www.linkedin.com/in/nathan-d-hayes/">Nathan Hayes</a> but also done in front of an audience with a Q&A session towards the end of the conversation.</p> <p class="MsoNormal" style="line-height: 150%;"> </p> <p class="MsoNormal" style="line-height: 150%;">Nathan and I talked about practice profits and household budgets and how to build personal wealth through the business of optometry. We discuss the cadence of distributions from the business to satisfy your personal budgetary needs, how to come up with a “basic” savings number and how close that will get you to retirement, the true “expense” of underpaying yourself a W-2 wage, and a few other topics. We wrap it up by taking a number of questions from the audience. This was no doubt one of, if not the most fun, I’ve ever had recording an episode of 20/20 Money and I hope you enjoy listening as much as I enjoyed creating the episode. A very special thank you to Nathan and the rest of the team at IDOC. I have appreciated the collaborative relationship and friendship that I’ve made with Nathan and others on the team and they are truly there to serve private practice and embody their slogan of “independent, together.</p> <p class="MsoNormal" style="line-height: 150%;"> </p> <p class="MsoNormal" style="line-height: 150%;">As a reminder, you can get all the information discussed in today’s conversation by visiting our website at <a href= "http://www.integratedpwm.com/">integratedpwm.com</a> and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also <a href= "https://integratedpwm.as.me/?appointmentType=1713824">set up a Triage conversation</a> to learn a little bit more about how we serve in the capacity of a personal and professional CFO: helping OD practice owners a