The views and opinions expressed in this podcast do not constitute financial advice and are intended for educational and entertainment purposes only. What you do with your money is your responsibility and you agree any strategies undertaken are done so at your own risk.
Signs are pointing in the direction of a recession, so we thought it prudent to bring back a previous guest, Isaiah Douglass, to provide some insights on what veterinary professionals should consider doing in today’s economy!
After working at a large national firm for a number of years, Isaiah left and founded a solo financial planning firm in 2018, pursuing a planning approach that was dedicated to identifying ways to grow the net worth of veterinarians. In the summer of 2020, he merged with another financial advisor and became a partner in Vincere Wealth Management.
Isaiah is a Certified Financial Planner™, Certified Exit Planner, and Fee-Only advisor, as well as the host of the weekly Veterinarian Success Podcast, which interviews and discusses topics related to the clinical, business, financial, and personal lives of veterinarians. He is deeply involved in speaking within veterinary medicine, having talks with students, on podcasts, in video interviews, and as a guest at the Veterinary Financial Summit conference.
In this episode, we cover:
- The hot dog stand fable
- Where’s the line between economic reality and “the noise”
- What Isaiah’s hearing from veterinary clients from coast to coast
- Choosing your response to recession conditions
- Financial planning considerations for veterinary professionals in today’s economy
- Understanding bonds and the bond market
- What else can you own other than stocks and bonds?
- Portfolio reallocation and why it’s important
- Thoughts on interest rates
- Final words from Isaiah
Thank you to Isaiah for coming back on the show! If you’d like to connect with Isaiah you can do so online at:
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Thank you for listening and we look forward to seeing you next Wednesday for another episode of The Veterinary Project Podcast!