Posts by Financial Wellness DVM
Vet Success Stories: FIRE Interview #2 With Dr. Shirts
Have you heard of the FIRE movement? FIRE stands for financial independence, retire early. You can read about my motivation to FIRE here. Whether you’re on your way to FIRE or not, I hope you enjoy reading the story of others that are on this journey. I’m excited to introduce a veterinarian who made the…
Read MoreTen Years- Reflecting back and looking into the future
On September 15, 2008, the fourth largest investment bank in the United States declared bankruptcy. Lehman Brothers, founded in 1850, was en route to its demise. Due to its risky investments in subprime mortgages, the company could no longer sustain itself. This behemoth firm, which had over $600 billion in assets AND over $600 billion…
Read MoreActive Versus Passive Investing: Which Style Is Right For You?
After understanding why investments can be scary, hopefully you’ll come to the conclusion that you are comfortable with the concept of investing. I’ll go over two types of strategies related to investing in the stock and bond markets: active and passive. There are people that are very passionate about one strategy versus the other, and…
Read MorePaying Off Student Loan Debt: A Case Study
(Edited to add: The Student Loan Planner is now a featured resource on this blog! Find out more on my Student Loan Advice page!) It’s hard enough figuring out our own personal finances. Adding another person into the mix can make it much more difficult. Especially when that person has six-figure debt. In my case,…
Read MoreGoing Into Disney Mode
Five years ago, we decided to do what millions of people do every year. We decided to take a magical trip to Disneyland. My oldest was obsessed with the Pixar movie Cars. What better way to feed into this obsession than by visiting a theme park that had an entire section dedicated to this movie?…
Read MoreVet Success Stories: Quincy Hawley, DVM (Co-founder of Get MotiVETed)
I am excited to introduce Quincy Hawley, DVM. As you can guess from the name of his business, Get MotiVETed (https://getmotiveted.com), he is a dynamic personality who works to inspire the veterinary community. We do not have a financial relationship. Here is his story: 1. Please introduce yourself! My name is Dr. Quincy Hawley, and…
Read MoreInvesting- Why is it so scary? Part 2
In Part 1, I discussed the “why” behind investing and addressed some of the fears that come with investing. I will continue this discussion by going into the basics of the stock market. “WHAT’S A STOCK?” Here is a conversation I overheard recently: Boy 1: What would you do with a million dollars? Boy 2:…
Read MoreVet Success Stories: An ER vet hustling to pay off $118k in student loans
This ER veterinarian, who resides in New England with her 2 cats and a dog, recounts her journey as she is well on her way to paying off $118k in student loans. A little spoiler: this loan payoff could have been done earlier, and she considers herself debt-free. Read on for more details! 1. Give…
Read MoreAVMA Webinar Review- Refresher On Adulting: Personal Finances
I recently attended a webinar hosted by the AVMA. With a title like “Refresher on Adulting: Personal Finances,” how could I not jump at the chance? (By the way, that was not meant to be said with a hint of sarcasm. I really, truly jumped at the chance to see what this webinar was all…
Read MoreVet Success Stories: Cindy Trice, DVM (Founder of Relief Rover)
I’m excited to introduce Cindy Trice, DVM. She is the founder of Relief Rover (reliefrover.com), a service that connects veterinary practices with relief veterinarians. She lives with her husband, Jimmy, their two dogs (Eddie and Richie), and their cat Sabina in Florida. In her spare time, she enjoys traveling, paddle boarding, scuba diving, and running.…
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