Posts Tagged ‘cash flow’
The Racial Wealth Gap, and What Veterinarians Can Do About It
Building wealth comes down to a very simple formula. Make more money than you spend. Invest the difference wisely. Set your kids up for success so that future generations may prosper. The formula may be simple. But the ability to build wealth and pass it along is NOT a level playing field- not by a…
Read MoreThe 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 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 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 MoreSeeking Financial Advice Part 2
In Part 1, I discussed the first step before hiring a financial advisor: Dig deep and understand WHY you’re hiring them. Sounds so simple, but you would be surprised how often people choose financial advice without understanding how the industry really works. If you’re not clear about your own goals, you may find yourself wasting…
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