How Should Veterinary Practice Owners Align Their Practice and Personal Finances?
By Eric S. Miller As a veterinary practice owner, you have personal finances and practice finances. Your practice is generating substantial revenue, but is your personal net worth reflecting that success? You’re not alone. It can be difficult to know how to connect the dots between practice and personal financial success, especially if this is […]
Financial Planning for Veterinary Practice Owners: 7 Must-Ask Questions
By Eric S. Miller Owning a successful veterinary practice does not automatically create personal financial security. Here’s the good news: translating practice success to personal success is within reach. Here’s even better news: these 7 questions will help veterinary practice owners ask the right ones to close the gap between personal and practice financial systems, […]
Why the Wage Replacement Ratio Fails Practice Owners — and What to Focus on Instead
By Eric S. Miller For decades, financial professionals have leaned on one tidy little formula to help people figure out “how much” they’ll need in retirement. It’s called the Wage Replacement Ratio (WRR) — a percentage of your current income that supposedly predicts how much you’ll need once you stop working. If you’ve ever heard […]