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Personal 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?…

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Work-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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10 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…

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Private Practice versus Academia- Looking At the Numbers

This guest post was submitted by The Vetducator, a veterinary professor with more than 20 years’ experience in academia.  He has served as a section chief, department chair, director of the internship selection committee, and on numerous faculty search committees.  He reads extensively on financial topics, notably the blogs Mr. Money Mustache, White Coat Investor,…

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STAT Mode Vs. Preventive Money Mode: Which One Are You?

Practicing veterinary medicine feels a lot like you’re playing defense. The patient comes in with a problem. You use your skills to diagnose and treat the problem while taking into account the owner’s finances, owner compliance, and patient compliance. With each step, you are constantly vigilant, ready to respond to forces outside your control. When…

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Marie Kondo and Your Finances

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 rage , I decided to leaf through the pages…

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