Posts Tagged ‘emergency fund’
What To Do With Extra Cash
Here’s a nice problem to have: What do you do with extra money? Whether it’s your tax refund, a bonus, an unexpected stimulus check, a break on your student loan payments, an inheritance, a winning lottery ticket….what all of these have in common is that this is an unexpected, yet welcome addition of cash. It…
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 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 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 MoreInvesting Wisely after Debt Payoff
Here is a great question that I received from a reader: “How do I invest wisely after we pay off our debt?” Some people would go straight to a financial advisor and ask their advice about investing. As I’ve explained in multiple posts, if you don’t know the basics of how the financial industry works…
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 MoreThe One Smart Money Move That New DVM Grads Can Start Today
As a new veterinary graduate starting your career, life can be overwhelming. You have just spent four intense years of your life preparing for this moment, not to mention all of those years of education and experience to get you into vet school. You are more than ready to finally practice as a full-fledged DVM.…
Read MorePay Off Debt Or Invest? The 9 Step Priority List
Should I pay down debt or invest? If you happened to win the Mega Millions, then the answer would be pretty easy. The first thing people typically want to do is to pay off all debt. Then in no particular order, they spend, donate, and invest. But of course, we are not Mega Millions lottery…
Read MoreSTAT 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…
Read MoreThe Total Money Makeover- Book Review
For those looking to revamp their money mindset and the way they handle money, The Total Money Makeover by Dave Ramsey has been a popular go-to book. I have already written a post about my thoughts on Dave Ramsey, so I thought I would take this opportunity to review one of his books. One concept…
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