Graduating from veterinary school and managing to get established financially can be a pretty tough accomplishment—especially
once the student loan payments start rolling in. Of course, there are thousands of websites that offer reasonable and sound
(if somewhat intuitive) financial advice for young people, including the newly minted and fairly impoverished health professional.
These sites advise being thrifty, consolidating debt and delaying large vacations—the usual suspects. In my experience, though,
anybody with a fresh DVM degree who hopes for a future home and well-educated children probably needs to be a little more
daring and a bit more clever than the typical financial-blog reader.
Now, I admit I'm a bit more interested in all things pecuniary than the average veterinarian—my law school concentration was
in federal taxation. Nonetheless, it doesn't seem right to me that so many young physicians, dentists and veterinarians are
ignorant when it comes to money. Many young docs are oblivious to the huge benefits of having a creative and well-considered
financial plan on day one of veterinary practice.
You might balk at the concept of jumping into the residential real estate market as a newly graduated veterinarian, but this
outside-the-box strategy could be the golden ticket to paying off your student loans ahead of schedule. (GETTY IMAGES/DAVID
With these thoughts in mind, I decided to devote this month's column to exploring a pair of very powerful financial strategies
that will help young professionals prepare for their own economic futures. I not only believe in these tools, I've used them