Posts by Financial Wellness DVM
Don’t Call It A Budget- Part 1
Budget….it ranks right up there with taxes. Pretty much no one wants to ever do this. It’s time consuming, and you’re secretly afraid of what you’ll find out. Ignorance is bliss, right? It is, until you get the point where you are clearly spending more than you are making and dealing with the consequences. …
Read MoreThe Value Of A Stay At Home Mother….With A DVM
Updated October 2020 If you had asked me as a first year veterinary student what I planned to do once I had children, I would have given you a blank stare. Don’t get me wrong. There was no doubt that I wanted children…eventually. But hey, I was focusing on getting my degree and I didn’t…
Read MoreWhat Marathon Training Can Teach You About Personal Finance
It started with that dreaded 1 mile run in high school. Four breathless and excruciating times around that high school track. My time: just under 11 minutes. I was not an athletic kid. I quit ballet at the tender age of 4. I took a few group tennis lessons as a middle schooler before I…
Read MoreCalculating Your Retirement Number
Updated September 2021 OK, hopefully I’ve convinced you by now that you may need to prioritize retirement savings. But how much will you actually need? One method is to multiply your current income by a factor of 10. For someone with an income of $100,000, this equates to $1 million needed to retire. However, this…
Read MoreA Fundraiser, A Pile Of Cash, And A Teachable Moment
When was the last time you saw a sizable pile of cash? And no, movies involving suitcases stuffed with $100 bills don’t count. Cash is becoming less visible in our everyday lives. There are predictions that we will eventually become a completely cashless society. Money transactions using credit cards, online banking services, and our smartphones…
Read MoreWhy I Want You To Start Thinking About Retirement
For those that are young (or young at heart), retirement seems like a completely far off destination. It conjures up images of white haired folks who golf. Or, for those that maybe have a less rosy vision of retirement, it conjures up images of the elderly who have constant health issues. Either way, it’s an…
Read MoreThe Anatomy Of A Tax Return
It’s that time of year….raise your hand if you like doing your taxes! OK, so I know that tax season can be very stressful for everyone. You have to be somewhat organized and get all sorts of forms and papers ready so that your CPA (or you, if you’re so inclined) can figure out if…
Read MoreRethink Your Financial Advisor
Updated September 2021 “Don’t you think we should have a financial advisor?” This was a question I asked my husband several years back. I was managing the day to day finances, and I was starting to feel that maybe we should have a professional look over what we were doing just to make sure we…
Read MoreThe Veterinary Profession Has A Math Problem
Updated September 2021 Have you heard about the Merck Animal Health Veterinary Wellbeing Study (you can find the 2017 and 2020 versions HERE). Apparently, there had been a number of recent studies suggesting that veterinarians were suffering from increased levels of stress, as well as a high rate of suicide within the profession. This study wanted…
Read MoreThe Concept of Financial Wellness
Updated September 2021 Are you financially healthy? When you hear the word “healthy,” physical health typically comes to mind. Are you eating right? Exercising? Taking care of your body? There are numbers that help us evaluate our physical health, such as blood pressure and BMI. We can look at these metrics with confidence when declaring…
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