Money Talk
The CARES Act: What Veterinarians Need to Know from a Personal Finance Perspective
On March 27, 2020, the record-breaking $2+ trillion stimulus package (CARES Act- Coronavirus Aid, Relief, and Economic Security Act) was signed into law. This is in addition to the Families First Coronavirus Response Act (FFRCA) that was passed earlier in the month. Here are some of the highlights that will help you, the veterinarian, as…
Read MoreSteps To Take With Your Money When Chaos Abounds
There were a number of reasons I felt compelled to start this blog nearly 2 years ago, and one of them was to help increase financial literacy for DVM’s before there was any sort of market downturn. Taking action on your money is easier to accomplish when the economy is doing well and individuals have…
Read MoreRetirement: Are You On Track? A 4-Step Process
The following is a guest post from Miles Saunders, the founder of MNS Wealth Management, an independent financial advisory firm that serves veterinarians. Here, he shares his thoughts about making sure that you’re on the right track when it comes to retirement. “How do I know that I am on the right track for retirement?”…
Read MoreCombining Finances: A Rite of Passage (Part 2)
As seen in Part 1, how you choose to combine your finances is a very personal decision between you and your partner. There are a host of factors that determine the best method. For those who have already combined finances, what worked earlier in the relationship is not guaranteed to stay that way as the…
Read MoreCombining Finances- A Rite of Passage (Part 1)
First comes love, then comes marriage. Then comes….combining your finances? For many couples, the idea of combining finances is about as appealing as nails on a chalkboard. But when you are sharing a life together, and more importantly, when you are now legally bound to one another in the form of a marriage, the subject…
Read MoreHealth Savings Accounts: The Ultimate Triple Tax-Advantaged Account
Building up a savings account for a rainy day is a must when it comes to financial well-being, and this includes having enough funds to cover medical expenses. You don’t want to be in a position where you are avoiding a trip to the doctor because you don’t have the funds to pay for a…
Read MoreTips For Organizing Your Finances
The post Marie Kondo and Your Finances discusses the mindset around decluttering and organizing your finances. Here, you’ll be getting some tactical tips on ways to physically and digitally organize your financial life. Why is this so important? Because when your finances are disorganized, you are wasting both your precious time and money! Time is…
Read MoreMarie Kondo and Your Finances
Note: This post was originally published in January, 2019. Simplicity. This is what I strive for, with my everyday life and my choices. So back in 2014, when this little book with a long name called “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing” by Marie Kondo became all the…
Read MorePersonal Finance New Year’s Resolutions You Can Start TODAY
Note: This post originally published in December 2018. It has been updated for 2019. According to the Merck Animal Health Veterinary Wellbeing Study, one of the biggest stressors in a veterinarian’s life is money. One could argue that this is a top stressor for almost anyone, but veterinarians are especially prone to financial stress. Why?…
Read MoreWork-Life Balance Is Not Enough: Focusing on the Bigger Picture
The ever-elusive work-life balance….how does one achieve this? Perhaps the problem is that we have a pretty clear understanding of what constitutes the “work” part, but how exactly do you define the “life” part of this equation? Did we ever feel “life” balance before work entered the picture? One important component of life is your…
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