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A Financial Blog For Veterinarians..
It’s simple. We invest the same four years in education as other medical professionals and accumulate the same level of debt, but in the end our incomes are quite different. Also, despite years of education, most of us are woefully prepared for the realities of saving for retirement, purchasing a home, raising children and paying off student debt. You’ve worked hard for years! You should be able to save for life’s milestones and live a comfortable life; however, it will require an investment in education. This is where The PocketDVM can help. Sign up for our newsletter and stay up to date with the very latest in DVM financial news!
Is It Time to Refinance?
On May 15th mortgage interest rates hit their lowest level in modern history. With interest rates plummeting, many folks are asking themselves, “Should I refinance my mortgage?” Since rates are unlikely to go much lower, if you were considering refinancing, this…
The Bear Is Here……And That’s Not Necessarily a Bad Thing
It’s been a wild ending to the longest bull market in history. Over past 11 years, the stock market returned approximately 339%. Did COVID-19 kill the bull? Or was it the oil war thats broken out between Saudi Arabia and…
Where Do Candidates Stand On Student Debt?
It’s a big election year for all sorts of reasons. With the candidates offering divergent solutions for issues ranging from global warming to immigration, it’s hard to keep track. One of the many issues veterinarians will be keeping an eye…
Are You the Victim of Financial Infidelity??
With valentine’s day just around the corner, a recent study shows that about 44% of Americans are guilty of infidelity. No, not the kind that happens between the sheets. According to the authority on the matter, “Cosmo,” that involves only…
A Realists View of New Year’s Resolutions
It’s January. It’s that magical month when we make unrealistic resolutions we have no real probability of keeping. Of course we tell ourselves that this year will be different. But it never is. Need proof? Every gym in America is standing-room…
How long will my retirement savings last?
The average American will live to see their 78th birthday and 30% of us will live to see 90! When planning for retirement we have to assume we will be living off savings for 25-30 years! This can be an overwhelming…
When it comes to retirement savings, time is the most precious commodity.
There are so many unknowns when it comes to saving for retirement. Will social security still be around? Probably. How much will I need to live on? More than you think. How much will my investments earn? Not as much…
A Recession Is Coming…… Are You Prepared?
Riding the longest wave of economic prosperity ever in modern history, it’s easy to lose sight on one important fact: a recession is coming. No doubt about it, the past 10 years have been very good. The S&P 500 (one…
The Rise of Student Loan Advisor
It amazes me how the national student debt crisis has overnight created an industry of “student loan experts.” Just three years ago, I would have to search google to find a financial advisor who was savvy in the ways of…
Is A Home Really An Investment?
Home ownership, so engrained in our culture that it virtually defines the ‘American Dream.” But is it really a good investment and is home ownership really something to which every veterinarian should aspire? The answer not surprisingly is “its complicated.”…
Making Easy Work of Loan Repayment Options
With no fewer than eight repayment options available for federal student loans, it’s no wonder loan repayment plans are so confusing. While it all might seem overwhelming at first, sorting it out really starts one simple question: what’s your student…
