MtoM #248: Veterinarian Is Able to Cut Back and Finance 101: Cash Balance Plans

Nov 10, 2025

A veterinarian shares his journey of building wealth, allowing him to reduce clinic hours and embrace family time, including coaching his kids' soccer team. He discusses early financial lessons and buying his first home at 20 as a pathway to real estate success. The impact of COVID on veterinary demand offered a fresh perspective on work-life balance. In financial tips, cash balance plans are highlighted for their tax benefits and high contribution limits, ideal for high-income professionals looking to maximize retirement savings.

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ANECDOTE

Family-Owned Coastal Veterinary Practice

Alex and his wife run a veterinary clinic together on the Southern California coast and raise two kids.
They share ownership, parenting, and business responsibilities while coaching their kids' sports.

ANECDOTE

Early House-Hacking Launch

Alex bought his first house at age 20 and used room rentals to avoid paying rent.
He flipped that property into another and began a long-term real estate journey that complemented his vet career.

ANECDOTE

Rough Launch And Health Scare

Buying and starting the practice was extremely difficult, and Alex experienced severe stress early on.
Within days of opening he had a medical emergency (appendix rupture) but persisted through hard initial years with little income.

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Today we are talking with a Veterinarian who has built enough wealth that he was able to cut back his days in clinic and can now spend more time with his family. He is especially enjoying coaching his kids soccer team. This two vet couple bought and built their own practice and have been highly successful all while living in California. After the interview we will be talking about cash balance plans for Finance 101.

This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100.

The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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00:00 MtoM Podcast #248 02:13 Veterinarian Is Able to Cut Back 17:52 Advice For Others 21:05 Cash Balance Plans