Posts by Financial Wellness DVM
Investing- Why Is It So Scary? (PART 1)
Investing. It can be daunting for those that have no idea what investing is all about. For me personally, money and investing were not subjects that were discussed while I was growing up. I did not hang out with people that talked about money. I attained a degree that did not require any knowledge about…
Read MoreVet Success Stories: Reaching for FIRE (Financial Independence, Retire Early)
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. This small animal veterinarian is splitting her time between…
Read MoreWhat is lighting your FIRE?
So why did I use the acronym FIRE in my title? This was a new term for me up until recently. But once I found out what it was, it resonated very deeply with me. FIRE stands for Financial Independence, Retire Early. You have enough accumulated in your investments that you can live off of…
Read MoreVet Success Stories: Over $200k in student loans paid off in 5.5 years!
Please welcome Michelle Smith, DVM. She is a small animal veterinarian who resides in Los Angeles with her husband and 1 child. Read how she managed to pay off over $200k in student loans over 5.5 years! 1. Please introduce yourself! Give us a little of your background and how you got started in veterinary medicine.…
Read MoreThe 20% Budget Rule: Part 3
Here we go: part 3 in the trilogy of the 20% budget rule. Catch Part 1 and Part 2 here if you haven’t done so already. By the way, I have no idea how I stretched this idea out to 3 posts. I guess it’s because I had a lot to say about it. If…
Read MoreVet Success Stories: Paying Off 80K In Six Years!
Welcome to another “Vet Success Stories” profile. This veterinarian is a small animal general practitioner in Virginia. She is married with two children, ages 4.5 and 2. Read how she paid off $80k of student loan debt in 6 years! 1. Please introduce yourself! Give us a little of your background and how you got started…
Read MoreThe 20% Budget Rule: Part 2
Did you calculate your savings rate from Part 1? How close are you to a 20% savings rate? Part 2 will include a basic comparison between two veterinarians so that you can see what the numbers will look like. To keep this focused on just savings, we’re looking at after-tax income, and we’re not accounting…
Read MoreVet Success Stories: Over $500k paid off in 6 years!
This small animal veterinarian, who wishes to remain anonymous, works in emergency medicine. She is married and a mother of a 2 year old, with another one on the way. Read how she is on her way to paying off over $500k (between student loans, consumer debt, and real estate) in 6 years! 1. Please…
Read MoreThe 20% Budget Rule: Part 1
So I have written about making your own, detailed spending plan (aka budget). I have also written about my own experience of budgeting without actually budgeting. What if you’re starting from scratch and want something really simple? Something that doesn’t require a lot of number crunching, but also doesn’t require that you are a natural…
Read MoreVet Success Stories: Intro
Here is my first installment in my “Vet Success Stories” Series. I figured that it would be a good idea to start with my own story. It was kind of weird to interview myself. It’s definitely not the most compelling story out there, but it will give you a quick overview of my journey to…
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