Below you'll find a list of all posts that have been categorized as “Cash Flow”
Have you ever googled a celebrity’s net worth? The term “net worth” is often associated with the ultra wealthy, but in reality everyone has their own net worth. True, your net worth may not look as impressive as your favorite entertainer, but, as a veterinarian, it should be a figure much more important to you. Why? Your net worth represents …
As a veterinarian, one of the toughest financial decisions you have to make is whether to save for retirement and take advantage of compounding growth, or aggressively pay down student loans and become debt-free. Typically in order to achieve one of these goals, you have to sacrifice the other. But what if by saving for retirement you were actually able …
There is a common misconception amongst veterinarians that personal debt, particularly student loan debt, is a huge roadblock toward securing financing and becoming a practice owner. While debt and student loans can certainly impact your ability to be approved for a loan, the mere presence of debt and loans is not the hindrance many believe it to be. Understanding …
You’ve been advised to save, save, save for as long as you can remember, and you’ve done a great job of saving diligently thus far. But now someone (Me) comes along and questions if you are saving too much? How is this possible, when Fidelity recommends having at least 10 times your annual salary saved by age 67, knowing your salaries …
Starting a business. This concept, to many, is the definition of the American Dream. But not every dream is the same. For some, it is the opportunity to continually grow and get bigger, to open new offices/locations, hire more employees, and increase revenue. For others, it is to create a product or service, sell that product or service, and then …
In the world of investing, I can think of very few things that come to mind that could be described as ‘simple’. I could make the argument that the nature of investments and investing is overly complicated and marketed in a way to sway you into thinking that you need to hire a portfolio ‘expert’ if you want to be …
Planning for college is a huge financial decision. There are also many emotional components tied to this endeavor, whether it be the students desire to attend school with your friends, attend their parents’ alma mater, or to be accepted into their dream school (even if this school comes with a significant price tag!). Because of the way many parents …
As many of you may know, I have offered my services pro bono to those who have been recently affected by the COVID-19 pandemic to help provide advice in times of need. Fortunately, most of the folks I have spoken with have options available to meet their needs, though these options are certainly less than ideal. And when I think …
Mortgage rates are dropping and they are at one of their lowest points in recent history. You may be thinking of refinancing your home, and for good reason. But before you begin the search process, reflect on the reasons why you are looking to refinance: Want a lower monthly payment? Want to expedite your …
These past few months have required all of us to make adjustments to our normal daily routines, no question. But for many of us, these past few months have also created an opportunity for reflection about how we envision our lives and how our jobs integrate with the life we wish to lead. Perhaps this period of self-reflection has led …
