Building Wealth and Health: Early Financial Planning and Achieving Work-Life Balance with Dr. Richard Laudon (Episode #106)

Dr. Lynn Hellerstein of Vision Beyond Sight speaks with Dr. Richard Laudon, retired behavioral optometrist, to talk about financial planning and finding proper balance with work and family. Rich inspires us to take charge of our finances despite the initial doubts, challenges and mistakes. Eventually we will gain wisdom and even meet the right person to help in our journey, just as what happened to him with Dr. Pat Pirotte. Together they now teach programs about financial independence in professional conferences. Wealth-building has four components (money, compounding, time and strategy), and everyone, even the younger generation, should take advantage of them and start as early as possible. Ultimately, we all should aim for that work-life balance by spending on healthy habits and experiences that fulfill us and with the people we love.

🔊 Click here and tune in to the show now to explore:

• How Rich “accidentally” started his optometry career
• Experiences with “bad” financial planners
• Finding Work-Life Balance Program with Dr. Pat Pirotte
• Key components of wealth-building: money, compounding, time and strategy
• Developing a strategy for the younger generation
• How to start investing
• The importance of experiences
• Achieving life-work balance through proper health habits
• Rich’s “visual hygiene” article
• How to reach Rich

About Dr. Richard Laudon:

I am a Retired Associate Professor of Optometry – New England College of Optometry (NECO) with an expertise in Pediatric Optometry, binocular vision and vision therapy. I retired on my 70th birthday after 42 years at NECO. I was also involved in three different part-time practices for over 25 years.

I grew up in a middle-class family in Fall River, MA, and received an undergraduate degree from University of Bridgeport. I graduated from the Massachusetts/New England College of Optometry in 1975 and began my academic career in the summer of 1975. I had a career change after retiring from NECO.

I started writing on the website, Medium, on topics related to behavioral finance and health. I also became involved with EMASS Senior softball as both a player and as the coordinator of their Metro Division.

I am married to Bonnie/Roberta for almost 50 years with two children, Sara and Jesse, and have 6 grandchildren.

Connect with Dr. Richard Laudon:

Medium – https://rlaudon.medium.com/

Email: laudonrc42@gmail.com

Some Articles of Interest from Rich’s Medium

Mark Twain’s Financial Insights – From a Quotational Perspective (Revised)
Statistics and Investing from a Math Phobic
Four Key Components of Wealth Building – And Three Are Free
Some Thoughts to Ponder Regarding Investing and Ourselves
Some Misperceptions Regarding Vision – Our Sight Dilemma

Some Books of Interest

The Index Card – Helaine Olen and Harold Pollack
Psychology of Money – Morgan Housel
A Wealth of Common Sense – Ben Carlson
The 5 Mistakes Every Investor Makes and How to Avoid Them – Peter Mallouk
Winning the Loser’s Game – Charles Ellis

“Basically, there are 4 components of wealth-building and 3 of them are free, that means you and your audience have those components available at this moment. One component is not free and that’s money. But the other three are free. One is compounding. Einstein supposedly said it’s the seventh wonder of the world. The other is time. That’s time in the market, not timing the market. You can’t time the market. If you’re in the market for a minimum of 10 years, you will be in the plus column. The third element that is not free is having a strategy or a plan. That plan is something that will change over time, but basically you need a plan and you need to stay with the plan.” – Dr. Richard Laudon

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