Posts Tagged ‘net worth’
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 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 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 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 MoreThe Millionaire Next Door: Book Review
Updated August 2021 Back in the dark ages (otherwise known as the 1990’s), I came across this book in my house. It was called “The Millionaire Next Door”, and little did I know that this book would re-enter my life over 20 years later. I was a college student back then, and I must have…
Read MoreDo Age And Gender Matter When It Comes To Money? A Tiller Survey
Coming off the heels of writing a post about setting financial goals for the new year, I came across this blog post by Tiller the same day. First of all, what’s Tiller? Tiller is a budgeting tool that automates your spreadsheets for you. Budgeting apps like Mint.com or YNAB.com have their own platforms for tracking…
Read MorePaying Off Over $550k in Student Debt: Changing Your Mindset
As someone who promotes the idea of financial independence, the idea can be tougher for those that are coming out of school with an inordinate amount of debt. How can one think about financial independence when repaying your student loans is such an onerous task? This is why I was so intrigued by a recent…
Read MoreThe 20% Budget Rule: Part 1
So I have written about making your own, detailed spending plan (aka budget). I have also written about my own experience of budgeting without actually budgeting. What if you’re starting from scratch and want something really simple? Something that doesn’t require a lot of number crunching, but also doesn’t require that you are a natural…
Read MoreWhat Is Your (Net) Worth?
(Updated 2022) Part of the fun of personal finance (yes, it can be fun!) for me is to see progress. Progress in the right direction, that is. If you have a financial goal in mind, it is incredibly empowering to track your numbers and watch as you get closer and closer to your goal. I…
Read MoreShould You Treat Your Student Loans Like A Mortgage?
Many moons ago, around this time of year, I graduated from veterinary school. One of my last memories prior to graduation was my exit interview for my student loans. The memories are a little fuzzy now, but what I remember very clearly was the counselor handing me a packet of paper with a bunch of…
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