We just got back from a mini trip this weekend. The optometrists in Western Colorado have recently formed a society to offer continuing education and networking, much like optometrists in Denver have been doing for years. Geography is a huge drawback to those of us in the less populated areas. We still had to drive 3.5 hours to make the meeting, but it’s better than 8 hours to Denver, and I attended one of the most inspiring lectures I’ve ever heard. It deserves a whole post, so I’ll keep you guessing for now.
I used to love going to a bigger city so I could visit the mall, but that isn’t nearly as fun since I have more fun saving my money instead of spending it these days. I did find our daughter some sweet deals. We got five long sleeve shirts from Gymboree for $1.99-$3.99 each. It is so much better financially to wait until after school starts to buy clothes!
Selling My Business, Is it Ever Going to Happen?
Many long time readers know that I have been trying to sell the last piece of my optometry practice for the past couple of years now. Originally, I had two offices and was set to sell everything this past January. We hit some snags with one of they buyers, and my satellite office actually didn’t sell until April.
The main office was set to be purchased by my associate optometrist. He grew up here, and we’ve been planning his career since before he even got accepted to optometry school. It’s really rare when something like that works out, but so far it has. He has worked for me for the past three years, and I’ve given him several management tasks. I jumped into practice ownership without a clue, so I was trying to give him the whole picture, good and bad.
After our snag earlier in the year, we decided to wait until next January to complete the sale. I thought we were on track until recently when he told me about another offer in another place. I respect his honesty, and I think everyone should consider all possibilities before making life changing decisions, but it really threw me for a loop.
I have been trying to get my head around not selling the practice and working more myself or hiring someone else. I won’t say I was upset, but it really made me rethink my long term goals. Just when I had decided to be OK with being a practice owner a while longer, he let me know he has decided to stay and continue with our original agreement. We still have a few months, but it looks like I can continue with my original plan of working less and supplementing our income with online work and rental property.
Rental Property News
Speaking of rentals, I spend Friday morning touring potential investment properties. Looking at homes up for sale is always an adventure. The house I was originally interested in has renters who are having some “issues.” I’m not quite sure what those might be, but just the fact that it was mentioned is a red flag. It’s hard and expensive to get rid of people who don’t want to leave.
I saw another house that was in great shape and would make a good rental without much work, but the location was odd. The lot is kind of between another house and an alley. This house has been for sale for almost two years without an offer, which makes me wonder why there hasn’t been a huge price drop. Barring anything structurally wrong, we might make a low ball offer to see what happens. Otherwise, I think we’ll wait until next year when we can hopefully buy a place with cash and not have to worry about mortgage rates going up.
The blog redesign is almost complete. I really like it, even though it’s weird to see my big smiling face on the home page. I have to remind myself of why I started this journey, and the main reason was to keep myself accountable and share my experiences with others. If I don’t have the biggest blog in the world, that’s OK. Sometimes, I feel like I need to do more or hit certain growth milestones, but I probably need to just be happy with myself sometimes.
Thanks a million to these fine bloggers for mentioning me this week. I’ll send you some discount socks from Gymboree! Please let me know if I missed anyone.
Daily Money Bucket
Enjoy your Sunday!