Posts Tagged ‘student loans’
Credit Scores and Credit Reports: What You Need To Know
The 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 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 MoreWhat Dave Ramsey Got Wrong (and Right) About Vet Med
“Most DVM’s are making between one and a half to two hundred.” As in $150,000 to $200,000. This was in response to a DVM who called into the Dave Ramsey show, looking for advice regarding her student loans that are currently sitting at over $400,000. If you’re at all familiar with Dave Ramsey, you can…
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 MoreVet Success Stories: 100% Debt Free, Including the Mortgage!
This USDA veterinarian (who wishes to remain anonymous), resides in the Midwest with her husband and children. She also works as a part time associate veterinarian. She wanted to share her story of becoming completely debt-free, including her mortgage! 1.Give us a little of your background and how you got started in veterinary medicine. After…
Read MoreSuicide Awareness In The Veterinary Profession
**This blog post originally posted in 2018 and has been updated in 2021. NPR aired a story focusing on this topic within the veterinary community- you can read and listen to it here.** SUICIDE This is a subject that is, unfortunately, not a stranger to the field of veterinary medicine. With the increasing emphasis on…
Read MorePlaying with FIRE Documentary Review: A New DVM’s Take on Financial Independence and Her Future
The documentary Playing with FIRE has been playing around the country all summer long. Unfortunately, I haven’t had a chance to see it yet, which has given me a major case of FOMO. Luckily, fellow DVM Rachel Luoma decided to go, and she was kind enough to share her story. Here is her bio: Rachel…
Read MoreSay NO to Negative Money Talk
Saying the word “money” can cause all sorts of mixed emotions. Feelings of euphoria? Dread? Fear? Curiosity? Unfortunately, the subject of money and personal finance can bring up a lot of negative money talk. This is especially true if you find yourself in a financially tough space, or if you start reflecting back on some…
Read MoreRefinancing and Consolidation: Which is Right for Me?
How do mistakes happen? When people get confused. This is especially true when it comes to dealing with student loans. Not only do you have to learn a new language specific to student loans, but you also have a new repayment plan/option that seems to materialize once every few years, complete with confusing acronyms. There…
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