Veterinary

pay off credit card debt

How To Pay Off Credit Card Debt For Doctors & Doctors-In-Training

We get it, because we’ve been there. As a doctor or doctor-in-training, you are likely incredibly busy. We know speed and convenience are crucial, so when it comes to paying for anything,  it’s easy to reach for a credit card.  Credit card debt can quickly become overwhelming, especially for busy physicians, dentists, and veterinarians who …

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How Much Down Payment Do I Need To Buy A House?

How Much Down Payment Do I Need To Buy A House?

A down payment is the amount of cash you pay upfront on a large purchase, like a home or car.  Lenders may require down payments from 0% to 25%, depending on several factors, including the loan type and the borrower’s credit profile. Doctor mortgages can help healthcare professionals purchase a home with a smaller down …

How Much Down Payment Do I Need To Buy A House? Read More »

Cash, What is liquidity? Practice ownership

What Is Liquidity & Why Is It Important For Practice Ownership?

Liquidity includes savings, stocks, bonds, mutual funds and any money you can take out of an account without penalty. Retirement accounts, like 401(k)s, IRAs, Roth IRAs, and home equity are not included in liquidity considerations. Liquidity is important because it allows you to have a safety net if your practice doesn’t perform well right away …

What Is Liquidity & Why Is It Important For Practice Ownership? Read More »

credit score, 800 credit score, credit score for doctors

How To Get An 800 Credit Score As A Doctor

Credit scores are an incredibly important financial tool. Many doctors, especially trainee and early-career doctors, are burdened by a low credit score because of the significant debt they take on while receiving low pay. Credit scores affect your interest rate and options for personal loans, mortgages, practice loans and other banking products. No matter your …

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high-yield savings account FAQs frequently asked questions

Are High-Yield Savings Accounts Worth It? & Other FAQs

Saving money is important to achieving short and long-term financial goals. There are numerous ways to save, and a high-yield savings account is one option for building your savings. For those unfamiliar with this financial tool, there may be questions about the security of it, when to use it, and how to find one. We …

Are High-Yield Savings Accounts Worth It? & Other FAQs Read More »

student loan debt, educational debt, medical school, dental school. veterinary debt

One Thing Financial Planners Wish Doctors Knew About Student Loan Debt

Most doctors graduate with significant student loan debt. There is plenty of information and advice accessible on the internet, but we asked three financial planners what is one thing they want to share with doctors about educational debt. Read what Meredith Jones, DVM, CSLP®, associate financial planner at Vincere Wealth and veterinarian, Benjamin Bush, CLU, …

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paying student loans off early, medical school, dental school, veterinary school

Pros & Cons Of Paying Student Loans Off Early, According To Financial Planners

Most physicians, dentists and veterinarians graduate with significant student loan debt. Some choose to pay off this debt early, while others use their money in other ways. We asked three financial planners what benefits and downsides they see with eliminating this debt burden early. Read what Meredith Jones, DVM, CSLP®, associate financial planner at Vincere …

Pros & Cons Of Paying Student Loans Off Early, According To Financial Planners Read More »

student loan payment pause, doctor, medical school, dental school, veterinary school

How Are Doctors Handling The Student Loan Payment Pause?

Federal student loan payments have now been paused for over two years. This lack of payment obligation has caused borrowers to use different strategies when handling the temporary extra funds. We asked three financial planners what they are seeing within the doctor community during this time. Read what Meredith Jones, DVM, CSLP®, associate financial planner …

How Are Doctors Handling The Student Loan Payment Pause? Read More »

student loan debt, medical school, dental school, veterinary school

You’re Not Alone: Many Doctors Need Help Navigating Student Loan Debt

Most doctors, whether physicians, dentists or veterinarians, graduate with significant educational debt. According to the Education Data Initiative, on average, physicians graduate with about $241,600 in debt, dentists with $292,169, and veterinarians with $183,302. The number of medical, dental and veterinary school graduates with educational debt is high, with 76-89% of medical school graduates and …

You’re Not Alone: Many Doctors Need Help Navigating Student Loan Debt Read More »

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