Compounding: Are You Smarter Than A Third Grader?
Have you ever felt sleep deprived? As in, to the point where you crave nothing more than your head hitting that sweet pillow and falling into deep slumber? The worst of my sleep deprivation was after my third child was born. I figured with my first two, I probably knew what I was doing with…
Read MoreFinancial Goals: It's a Marathon, Not a Sprint
“A journey of a thousand miles begins with a single step.” For me, my journey of 26.2 miles at the Chicago Marathon began with a single step, with a total of 47,006 steps according to my watch. I have written a post about what marathon training can teach you about personal finance. Now having two…
Read MoreStudent Loan Repayment Advice for Veterinarians: Where To Turn?
Updated September 2021 Let’s say you have a ton of student debt. You need help figuring out how to pay this thing off. Your veterinary program didn’t do such a great job on giving you the tools to do this before you graduated. So now you are on your own with your degree (yes!) and…
Read MoreInvesting: Asset Allocation
You have decided to take the plunge and start investing. You’ve gotten over your fears about investing, realizing that if you want your money to grow, you’re going to have to take on some extra risk and invest your money. You’ve learned about stock market history and learned that it’s inherently volatile (so don’t be…
Read MoreFinCon 2018: Taking a Chance
When I first started this blog, I did not have a good sense of where I wanted to go with it. I was just so fired up about getting the message of personal finance out to the veterinary community. I figured that blogging would be the best medium for me to use my voice. Little…
Read MoreCan You Raise a Family On One Income As A Veterinarian?
I recently came across a blog post titled “How to Survive the Pressure as a Sole Income Earning Parent” by blogger Financial Samurai. He includes a poll at the end of the post that asked “Who Earns in Your Household?”. He then shared the results on Twitter, where he questions “How do we get the…
Read MoreVet 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,…
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