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…

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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…

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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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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…

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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…

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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 have tracked…

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