MtoM #219: Veterinarian Gets Back to Broke in 10 Months and Finance 101: Mutual Funds
Apr 21, 2025
20:46
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question_answer ANECDOTE
Rapid Return To Broke After Graduation
Jack graduated veterinary school in May 2024 with $145,000 of student loans and no assets. He is roughly back to broke about 10 months later while buying a house and holding a small remaining balance.
question_answer ANECDOTE
Income Spike From Locums And Side Work
Jack started at a $115,000 base salary and hit a run-rate of about $180,000 after six months at production. After moving to locum work and in-home euthanasia side work he projects roughly $300,000 this year.
volunteer_activism ADVICE
Pursue Locum Work To Raise Earnings
Listen to educational resources and look for high-rate opportunities like relief/locum work to increase pay quickly. Explore niche side services (Jack used in-home euthanasia) to add consistent monthly income.
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Today we hear from a Veterinarian who is back to broke only 10 months out of training. This vet lives in the midwest and really shows what geo arbitrage can do. He has a fantastic income and a very low cost of living and those two things make a huge impact on finances. He has paid off almost all of his student loans and has saved for a down payment at the same time. His frugality, smart decisions, and hard work has made all of this possible. Using those skills will ensure that he will be financially independent in no time. After the interview we will talk about mutual funds for finance 101.
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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 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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