Veterinary Financial Podcast

We asked Chris Kelly, Managing Partner for Antelligence and Editor-in-Chief for Veterinary Advantage Magazine about trends in veterinary practices over the last few years, the Fountain Report, pet ownership trends, and the future of veterinary medicine.

- What trends has Chris seen in veterinary medicine over the last few years?

- What is the focus of the Veterinary Advantage Magazine?

- What is the Fountain Report?

- What are the most recent pet ownership trends?

- How do these trends impact independent practices and how can they compete with corporate groups?

- What does the future have in store for veterinary medicine?

Download the Veterinary Enterprise Practice Report: https://epr.antelligence.com

Subscribe to the Fountain Report: https://antelligence.com/the-fountain-report/

Ways to connect with Chris: 

Email: [email protected]

Linkedin: https://www.linkedin.com/in/chris-kelly-7221a2/

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

We asked David Aizuss, financial planner at SLP Wealth, student loan consultant with Student Loan Planner, and mortgage loan officer, about special mortgage strategies for vets, how to plan ahead for closing, and how home-buying fits in with financial planning. 

- What are some special mortgage considerations and strategies for veterinarians?

- What else should vets consider when home buying that’s unique to the veterinary profession?

- How do you plan for how much cash you will need at closing?

- What is a typical down payment?

- How does home-buying fit into financial planning?

Work with Student Loan Planner / SLP Wealth: https://www.studentloanplanner.com/webinar-discounts/?utm_source=Debtfreevets&utm_medium=Fb

Ways to connect with David:

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/david-aizuss-912bb9113/

Ways to connect with Veterinary Financial Summit: 

https://VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

LinkedIn: https://www.linkedin.com/company/vetfinancialsummit

Email: [email protected]

We asked David Aizuss, financial planner at SLP Wealth, student loan consultant with Student Loan Planner, and mortgage loan officer, about how to set yourself up for success when buying a home, how to find a good mortgage loan, and some pitfalls to watch out for.

- Why did David switch to financial planning and decide to work with veterinarians?

- How do you set yourself up for success when buying a home?

- How do you find a good mortgage loan?

- What is pre-approval and what are some of the pitfalls to watch out for?

- How is debt-to-income considered when buying a home?

Work with Student Loan Planner / SLP Wealth: https://www.studentloanplanner.com/webinar-discounts/?utm_source=Debtfreevets&utm_medium=Fb

Ways to connect with David:

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/david-aizuss-912bb9113/

Ways to connect with Veterinary Financial Summit: 

https://VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

LinkedIn: https://www.linkedin.com/company/vetfinancialsummit

Email: [email protected]

In this episode, we discuss budgeting in-depth. We discuss why creating a cash flow plan is important, share budgeting resources, and talk about discovering what is important to you to determine where your money is best spent.

- Why is it important to budget?

- What are some apps that can help with budgeting?

- What are our best tips for creating a budget and sticking to it?

- How do you pick up on trends in your budget to plan for the future?

- What are some tips for reducing expenses and increasing income?

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

In this episode, we discuss the many financial resources that are out there for veterinary professionals. We share our favorite resources on personal finance and business ownership with books, blogs, podcasts, helpful calculators, courses, and more.

- Our favorite podcasts on financial topics for vets

- Resources on Student Loans

- Compensation resources

- Veterinary business resources

- House call vet resources

- Courses, books, and blogs

Mentioned in this episode:

Cody Creelman’s business plan:

docs.google.com/document/d/1h90hz8GZLEWm1hmnxRHIMBzrqcPLHh2nJeX8NT9v-5c/edit

VFS Courses: https://vetfinancialsummit.thinkific.com/

VFS Blog: https://vetfinancialsummit.com/blog/

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

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?

- What are some other concerns about using AI in vet med?

- How can AI help your practice finances?

Ways to Connect with Sebastian:

Linkedin: https://www.linkedin.com/in/sebastiangabor/

Website: https://digitail.com/

Download “AI in Veterinary Medicine: The Next Paradigm Shift” study: https://links.digitail.com/ai_vet_med_study   

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

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 Funds, and Automation

- Building credit: Credit Cards, Loans, Rent

- Investing: Roth IRA, 401(k) & 403(b), the “3 bucket strategy”, and Real Estate

- Student loan mistakes, how to tackle them, and saving for the tax bomb

- Career / Practice Ownership: Contracts, Practice Ownership as an investment

- Living Fully: Intentionally saving for the future, spending on what you enjoy

- Philosophy: Using CE money to learn new skills, making financial education a part of your continuing education

Mentioned in this episode:

Financial Advice For Your Younger Self Blog: https://vetfinancialsummit.com/what-financial-advice-would-you-give-your-younger-self/

Student Loan Planner ($100 off discount link): https://bit.ly/3V4iYJa

Debt-Free Vets Facebook Group: https://www.facebook.com/groups/1220774971268317

Episode 32 of the Veterinary Financial Podcast: Best Practices for Job Seekers

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

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 manage inventory?

- Who should be in charge of inventory in a small practice?

- What are some common mistakes vet practices make with managing inventory?

- What is Inventory Ally?

- What was the experience like winning the pitch competition at the Veterinary Innovation Summit?

Ways to connect with Emmitt:

Website: https://inventoryally.com/

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/emmitt-nantz/

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

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 Michael say to a support staff member who feels like they can’t save for retirement or buy a house?

- What is Michael’s role as a talent acquisition and retention manager?

- What are some interesting ideas to retain staff?

- Which staff are the hardest to retain in vet hospitals?

- What is Michael most excited about in his current roles?

- What are Michael’s best financial tips for support staff?

Ways to connect with Michael:

Instagram: @thevetmedteacher

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]

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?

- How can veterinarians improve their leadership skills?

- What are some options out there now for vets who want to be practice owners?

- What is Mary’s advice for vets who want to pursue a non-traditional role, but don’t know where to start?

Ways to connect with Mary:

LinkedIn: https://www.linkedin.com/in/dr-mary-buss-5184433b/

Email: [email protected]

Ways to connect with Veterinary Financial Summit: 

VetFinancialSummit.com

Instagram: @vetfinancialsummit

Facebook: https://www.facebook.com/VetFinancialSummit

Email: [email protected]