055: The 3 Worst Things to Do with Your Sign-On Bonus
Description
Sign-on bonuses are more common than ever in veterinary medicine, but not every use of that bonus sets you up for financial success. We’re breaking down the top three mistakes we see veterinarians make with their sign-on bonuses, how to avoid them, and what to do instead.
Key moments:
(05:07 ) Don’t use your sign-on bonus to pay student loans if you’re going for forgiveness — it’s wasted money
(05:56 ) Using your bonus for a more expensive car can jeopardize your ability to buy the right home
(08:29 ) Avoid “YOLO investing” in trends like crypto or single stocks
(11:29 ) Sign-on bonuses can come with strings, here’s how to handle the money to avoid feeling stuck in your job
(16:17 ) Use this checklist to turn your sign-on bonus into a fast track to wealth
Interested in vet-specific financial planning?
Schedule a free intro call or email meredith@allvetfinancial.com
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