4.9 • 2.3K Ratings
🗓️ 3 February 2022
⏱️ 47 minutes
🧾️ Download transcript
Dr. Hofmeister, our guest this episode, talks about veterinary medicine as well as the finances of veterinarians and really give us some insight into those who are physicians, but not human physicians. We discuss paying for veterinarian school and residency, salaries and debt to income ratio, pet insurance and end of life care, malpractice and PSLF for veterinarians. It is interesting to see the similarities and differences between these two professions. Veterinarians share many of the same financial and life challenges faced by physicians, dentists, and other medical professionals. Achieving financial independence is still possible though https://www.whitecoatinvestor.com/financial-independence-on-a-low-income/ even with a high student loan debt https://www.whitecoatinvestor.com/veterinarian-student-loan-debt/
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
0:12.0 | Here is your host, Dr. Jim Dolly. |
0:18.0 | This White Code Investor podcast number 248, Veterinarians and their finances. |
0:23.0 | This episode was brought to you by the Laurel Road for Doctors. Laurel Road is committed to serving the financial needs of doctors like you. |
0:30.0 | You take care of us, it's time someone to care of you. The Laurel Road's Physician Mortgage, you may be eligible for a rate discount when you take out a new mortgage or refinance your existing mortgage. |
0:39.0 | Especially designed for doctors, this Physician Mortgage has flexible financing options and may have fewer restrictions than a conventional mortgage. That could mean lower monthly payments. |
0:47.0 | For terms and conditions, please visit www.l Laurel Road dot com forward slash WCI. That's www.l Laurel Road dot com forward slash WCI. |
0:58.0 | Laurel Road is a brand of key bank NA equal housing lender, NMLS number 399797. |
1:04.0 | Our quote of the day today comes from Rick Ferry. He said, be prepared to marry forever the mutual funds you buy in a taxable account because divorce is often a taxing experience. |
1:13.0 | That's the truth. In fact, you want to be a taxing experience because if it wasn't, it means you lost money. |
1:19.0 | Thanks so much for what you do. Whether you are a veterinarian, whether you are a nurse practitioner, a physician assistant, whether you are an optometrist, whether you're a physician or a dentist, like most of our listeners, thanks for what you do. |
1:37.0 | Your jobs are difficult. They're even more difficult during pandemics. And if no one said thanks today, let me be the first. |
1:45.0 | If you are interested in doing something a little different on the side, like being an expert witness, we have a course for you. |
1:54.0 | You can get more information at whiteconinvestor.com slash expert witness, but we are having a sale on this course that will teach you everything you need to know about being an expert witness and help you develop this side gig. |
2:06.0 | If you will take this course, it's great. It's on sale from February 1 through 14th, and then it goes live on the 14th. |
2:15.0 | So you can sign up anytime between now and then and enjoy that course. I know we've gotten a lot of great feedback on this one. This is not a course I do. This is one of our affiliate partners. |
2:25.0 | And it's really excellent for anybody who's thought about becoming an expert witness, but really doesn't know where to take the next step. This course will take you by the hand soup to nuts and teach you everything you need to know about becoming an expert witness, whether you want to work for the defense, whether you want to work with prosecution, whether you want to do both, whether you want to review charts. |
2:46.0 | This is an option for you to use your medical knowledge to earn a little bit more money on the side in a way that's different from your usual clinical practice. |
2:56.0 | I know a lot of people that have done this that feel like it makes them a better doctor. It helps them pay more attention to that which they're doing on a day to day basis. |
3:07.0 | And that really benefits their practice and their bottom line. So if you're interested, whitecoinvesti.com slash expert witness, you can get more details. |
3:17.0 | All right, we got a great episode today for the first time we're bringing a veterinarian on the podcast. I actually had it on this first time. I think a couple of years ago we had a veterinarian on here. |
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