Posts Tagged ‘compounding’
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?…Read More
Your Savings and Investing Options: Fill Your Buckets!
Small Fees Add Up: Barriers To A Better Return With Your Investments
Once you start learning about investing, it’s not too long before you run into the subject of fees associated with investing. So. Many. Fees. These fees tend to be small, whether in absolute number or in percentage. But as illustrated with compounding, don’t be fooled by small numbers, because these fees can add up in…Read More
The IRA- A Retirement Account For (Almost) Everyone
Back when I first started putting money away in my IRA (individual retirement arrangement), I didn’t appreciate the fact that I could even open one. To be honest, I only opened one because I was highly encouraged to do so by Mr. RLDVM. It was a reluctant choice. I was more worried about cash flow,…Read More
What is a 401(k)? My Financial Mistake #2, Expanded
I wanted to devote this post to my Financial Mistake #2. You can check out my other four financial mistakes in this post. I was a fresh new veterinary school graduate in my mid-20’s. I was nearly $120,000 in debt from my student loans. I had zero knowledge about retirement or retirement planning. This is…Read More
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 More