Posts by RLDVM
Are You Happy with Your Money? Money and Happiness Through Different Life Stages
“Happiness is simply the absence of desire.” This is a quote that I recently read in James Clear’s book Atomic Habits, and it was one of those phrases that made me pause and really think. He goes on to say that happiness is this feeling of contentment. If you are lacking in desire (which is…
Read MoreVet Success Stories: 100% Debt Free, Including the Mortgage!
This USDA veterinarian (who wishes to remain anonymous), resides in the Midwest with her husband and children. She also works as a part time associate veterinarian. She wanted to share her story of becoming completely debt-free, including her mortgage! 1.Give us a little of your background and how you got started in veterinary medicine. After…
Read MoreShowing Your Money Who’s Boss: The YNAB (You Need A Budget) Method
Do you REALLY need a budget? Well, if you’re wanting to make some significant changes to your money story, then you’ll have to have SOME form of budgeting. I’m sorry to say that your numbers aren’t going to magically fix themselves so that you’re rolling in the dough. That’s the #truth. It’s becoming harder to…
Read More10 Ways Veterinarians Can Prepare for the Next Recession
A recent plane ride had left me a bit nervous before takeoff. The weather at our destination was supposed to be pretty terrible, with a lot of wind and rain in the forecast. I braced myself for a bumpy plane ride. I was also crossing my fingers that my kids wouldn’t get sick on the…
Read MoreIncreasing Income as a Veterinarian: 9 Strategies
Updated September 2021 When you hear the word “budget,” what do people usually think about doing first (other than running the other way as fast as possible)? They usually think about decreasing their spending, which is not very pleasant to think about. It brings about feelings of deprivation, scarcity, and hardship because now you have…
Read MoreInvesting Wisely after Debt Payoff
Here is a great question that I received from a reader: “How do I invest wisely after we pay off our debt?” Some people would go straight to a financial advisor and ask their advice about investing. As I’ve explained in multiple posts, if you don’t know the basics of how the financial industry works…
Read MoreDisability Insurance for Veterinarians: The Basics
Life insurance, although not pleasant to think about, is easy enough to understand. Benefits get paid out upon a person’s death. There is no “gray” area here according to the insurance company- you’re either dead or alive. However, disability is not so black or white. How exactly does one define “disability?” It turns out that…
Read MoreLife Insurance: The Basics
When it comes to protecting yourself and loved ones, life insurance is a must-have conversation. Once we added children to our family, there was no question that we needed to add life insurance to our financial plan. So let’s take a look and see what we can do to protect our families, have peace of…
Read MoreGoing ALL IN with Paying Off Debt: Ask Yourself These Questions First
“I just want it GONE and out of my life FOREVER!” You have a lot of debt. You want nothing more than to get rid of this debt. You don’t care what you need to do to get this point- you just want to see that balance go to zero. This is common. Debt is…
Read MorePlaying with FIRE Documentary Review: A New DVM’s Take on Financial Independence and Her Future
The documentary Playing with FIRE has been playing around the country all summer long. Unfortunately, I haven’t had a chance to see it yet, which has given me a major case of FOMO. Luckily, fellow DVM Rachel Luoma decided to go, and she was kind enough to share her story. Here is her bio: Rachel…
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