Veterinary Financial Podcast

We asked Sebastian Gabor, Co-Founder of Digitail, about using Artificial Intelligence in veterinary medicine, the accuracy of AI, concerns about using AI, and how to use AI to benefit your practice’s finances. - How does AI help with record-keeping and administrative tasks? - How common is it for veterinary practices to use AI? - What are the issues with the reliability and accuracy of AI systems?...

We published a blog recently by Dr. Phil Zeltzman (co-founder of VFS) called What Financial Advice Would You Give Your Younger Self? He interviewed some of the best minds in veterinary medicine about what advice they would have given themselves, knowing what they know now. In this episode, we expand on some of the takeaways from that blog. - Tips for saving: High Yield Savings Accounts, Emergency...

We asked Emmitt Nantz, Co-Founder of Inventory Ally, about the factors that drive inventory costs, COGS and how to calculate them, who should manage inventory at a vet practice, and common mistakes.  - What are the factors that drive inventory costs? - How can practices keep costs under control? - What are COGS and how do we calculate them? - Why shouldn’t practices rely on their PIMS to mana...

We asked Michael Natale, a licensed veterinary technician and talent acquisition and retention manager with Veterinary Emergency Group about his interest in personal finance, advice for colleagues trying to save for retirement or buy a home, staff retention, and financial tips for support staff. - How did Michael get started in vet med and become interested in personal finance? - What would Michae...

We asked Mary Buss, veterinarian and the VP of Veterinary Operations at Hometown Veterinary Partners, about her experience in mentorship, developing leadership skills, practice ownership opportunities, and non-traditional veterinary roles. - How has Mary’s interest in leadership and mentorship evolved? - How can veterinarians become better mentors? - What should a new grad look for in a mentor? -...

We asked Jason Balara, board-certified veterinary surgeon, real estate investor, and CEO of Lark Capital Group, about getting started with real estate investing, multi-family syndication investments, financial freedom, and his podcast “Know Your Why”. Why did Jason decide to get started with real estate investing? Where along the financial journey might real estate be a good fit? What are multi-fa...

We asked Kelly Cronin, veterinary technician, entrepreneur, speaker, travel hacker, and millionaire about how she got started with short-term rentals, her experience speaking to veterinary teams on financial fitness, and her best travel hacking tips. - What is Kelly’s background in veterinary medicine? - How did Kelly get started with short-term rentals? - What short-term rentals does Kelly have a...

In this BONUS episode of the Veterinary Financial Podcast, we discuss the upcoming Virtual Veterinary Financial Summit. Happening on September 30 - October 1, the Summit is a virtual event that brings veterinary professionals together to learn about personal finance and practice management. We aim to empower attendees with the knowledge to make better financial decisions. - What is the Virtual Vet...

As of September 1st, interest began accruing on student loans again and payments will restart soon. In this special episode of the Veterinary Financial Podcast, we hope to clear up some of the confusion around student loans and share what everyone needs to know about payments, interest, and the new SAVE plan. - What’s going on with student loan interest? - What are some things to do before payment...

We asked Bash Halow, a Certified Veterinary Practice Manager, practice consultant, and owner of Halow Consulting about how money is discussed with veterinary teams, what it means to have an empowered team, and common mistakes when it comes to discussing money with clients. - How is money being discussed with veterinary teams? - What are some ways to talk about practice profitability with a team? -...

In this episode, the Veterinary Financial Podcast co-hosts discuss new and recent grads comparing job offers and prioritizing money and numbers over mentorship and the culture of a practice. - What are some examples of doing due diligence in learning about a practice? - What are some things to look for in a practice? - What are some things that are overlooked when it comes to compensation? - What...

We asked Ivan Zak, veterinarian, serial entrepreneur, the CEO of Galaxy Vets, and passionate advocate for the well-being of veterinary professionals, about his recently published third annual Burnout Study in the Veterinary Profession, salary versus production-based pay structure, and work-life balance.  - What are some of the most significant financial-related findings of the burnout study?...

We asked Dr. Mike Bugg, veterinarian, real estate investor, and co-host of The Veterinary Project Podcast, about his recently published book, money mindset, transitioning from clinical practice to real estate investor, and goal-setting. - Why did Mike decide to write a book? - What beliefs might be holding veterinarians back when it comes to money? - What are Mike’s thoughts on the state of the ve...

We asked Steve Oehley, contract veterinarian in New Zealand, career coach, and host of the Next Step Vet podcast, about veterinary career paths, making a career switch, non-traditional careers, and helping veterinarians discover their strengths. - Has Steve seen an increase in vets looking to change their career paths since the pandemic began? - What are the most common concerns of those looking t...

We asked Isaiah Douglass, a Certified Financial Planner and Partner at Vincere Wealth Management, about his thoughts on the financial landscape for 2023, investing, working with remote teams, emergency funds, and Bitcoin. - What are Isaiah’s thoughts on the financial landscape for 2023? - Is veterinary medicine recession-proof? - What are the best questions to ask a financial advisor? - What is th...

We asked Kayla Donovan, a veterinary practice management consultant with Transformation Group Business Advisory, about common practice management mistakes, practice valuation, exit strategy, and selling a practice. - What are the most common practice management mistakes Kayla sees? - What clients/practices typically seek out Kayla’s services? - What are some important factors to take into account...

We asked Jeff Rothstein, veterinarian and the founder of Mission Veterinary Partners, about the evolution of corporate medicine, practice ownership and management, and staffing in the current competitive job market. - What are Jeff’s insights on the evolution of corporate medicine? - What options are there for practice ownership outside of the traditional model? - How did Jeff decide to pursue the...

This podcast episode marks a milestone in the Debt-Free Vets Facebook Community. We recently reached 10,000 members! That’s 10,000 vets and vet students from 97 different countries all around the world. In this episode, the Debt-Free Vets moderators, Dr. Meredith Jones, Dr. Willie Bidot, and Dr. Chris Bidwell, talk about how and why the Debt-Free Vets group was started. - Who is the Debt-Free Vets...

We asked Eric Miller, Chief Financial Advisor and owner of Econologics Financial Advisors, about why practice ownership is so important for veterinarians, how to minimize the effects of inflation on business and personal finance, roles practice owners play in the practice, and exit strategies. - Why is practice ownership important for veterinarians? - Is practice ownership a great idea right now f...

In this BONUS episode of the Veterinary Financial Podcast, we talk about the upcoming Virtual Veterinary Financial Summit. Happening on October 22-23, the Summit is a virtual event that brings veterinary professionals from around the world together to learn about money topics. Our goal is to empower attendees with the knowledge to make better financial decisions. - What makes the Vet Financial Sum...

We asked Lance Roasa, veterinarian and attorney, about employment contracts, salary versus ProSal, common mistakes with contracts, non-competes, and negotiation. - Is a contract appropriate in all employment situations? - What are new contract trends Lance is seeing in veterinary medicine? - How would Lance explain ProSal to a new grad? - Are there pitfalls to watch out for with ProSal? - What are...

We asked Grace Kim, veterinarian, financial coach and the founder of Richer Life DVM, about getting started with personal finance, budgeting, money saving hacks, and common financial mistakes veterinarians make. - Where does the journey start with getting finances on track? - Why is a budget or cash flow plan important? - What is the best way to get started with budgeting? - What are Grace’s best...

We asked Cindy Trice, veterinarian and the Founder & CEO of Relief Rover, about veterinary relief work, what relief vets need to know about taxes and insurance, travel hacking, and trends that she is seeing with relief compensation. - How some vets choose relief work as a side gig and others as a career - The differences between being paid through W2 versus 1099 - How to estimate for self-empl...

We asked Andrew Rotz, Certified Financial Planner and the Director of Personal Finance and Financial Literacy at North Carolina State’s College of Veterinary Medicine, about working with vet students, their biggest financial concerns, and veterinary employment contracts. - What Andrew’s day to day looks like working at NC State - What are the biggest financial concerns of interns and residents? -...

We asked Cyndie Courtney, small animal veterinarian, a speaker, consultant, and The Jerk Researcher about jerks in the veterinary practice, how much a jerk costs veterinary practices, and what can be done about them. - How Cyndie became The jerk Researcher - Why Cyndie chose the word ‘Jerk’ and what it means to her - What are other ways one can be a jerk outside of behavior? - How do jerks affect...