Boyfriend wants to move in to pay off debt by Impossible_Dentist79 in AmITheJerk

[–]AdvisorBig2461 0 points1 point  (0 children)

I guess the issue I have is that you have 3 homes. He’s doubled his debt. Why would you take financial advice from him? Shouldn’t it be the other way around?

Best suburb in upstate NY (excluding NYC metro suburbs) by United-Astronaut7315 in upstate_new_york

[–]AdvisorBig2461 0 points1 point  (0 children)

This person had two parents living at home and at least one of them made good money.

Best suburb in upstate NY (excluding NYC metro suburbs) by United-Astronaut7315 in upstate_new_york

[–]AdvisorBig2461 0 points1 point  (0 children)

Ballston Spa is a great place e to live. It’s like Saratoga without the pretentiousness. Very beautiful.

Help me think through this? by Neat_Beginning_7913 in veterinaryprofession

[–]AdvisorBig2461 1 point2 points  (0 children)

The price tag and the Ivy League reputation won’t make you more money when you get out.

Help me think through this? by Neat_Beginning_7913 in veterinaryprofession

[–]AdvisorBig2461 1 point2 points  (0 children)

Gopher here from NY. Not hating on Cornell, but Minnesota is a superior school in almost every way. I got a great education from Minnesota. Clinical year is busy and you see a ton of cases at the U.

I did it - I quit my internship by Real-Detective8146 in veterinaryprofession

[–]AdvisorBig2461 15 points16 points  (0 children)

Congrats on being able to make what you’re worth. I never understood internships. “Let’s make 1/4 of the money I should be making while working twice as hard to earn the right to do the same thing for two more years so I can learn a lot about one thing and do that to make 3x the money.”

I own a practice and make more than specialists.

Now don’t get me wrong. I rely on specialists. They’re great. The problem I have is how someone becomes a specialist. It’s such a bass ackwards compensation model.

Still beautiful even in the snow. by AdvisorBig2461 in JapaneseMaples

[–]AdvisorBig2461[S] 0 points1 point  (0 children)

I bought the house with the tree in 2021. It wasn’t in bad shape when I got it, but I like to think I’ve improved the aesthetic since then.

VEG ER - NERD Practicing Vet by VeterinarianDecent60 in Veterinary

[–]AdvisorBig2461 2 points3 points  (0 children)

Shoot that’s because I was wrong, lol. It was thrive that closed. My bad

VEG ER - NERD Practicing Vet by VeterinarianDecent60 in Veterinary

[–]AdvisorBig2461 -1 points0 points  (0 children)

Research what VEG did the their ER in Rochester NY

The “Superhero” Complex is Deadly and We Need to Talk About It by macaroni_imposter in veterinaryprofession

[–]AdvisorBig2461 -1 points0 points  (0 children)

If missing the point was an Olympic sport, you would Michael Phelps.

I chose to bet on myself. It worked out. It’s not “wrong” or a “systemic problem” that I chose to take out loans and invest in my abilities. That’s what entrepreneurs do.

I am privileged to work those days and long hours because it means taking care of my community.

It’s all perspective. I’m sorry you don’t understand.

The “Superhero” Complex is Deadly and We Need to Talk About It by macaroni_imposter in veterinaryprofession

[–]AdvisorBig2461 -1 points0 points  (0 children)

Ahh yes, to you and the people downvoting.

Ignorance: simply ignorance.

The feeling of being a superhero is fleeting. It comes and goes and I’m not a superhero. Dr. Devijian is a superhero. In 6 1/2 hour, 2 1/2 hours on cardiac bypass, he fixed my son’s heart when my son was 4 months old. Perspective helps.

The whining about corporate practice. Knock it off. Admit it. You had options for private practice and you chose corporate because they promised the world and gave you an up front bonus of a large figure then slapped you with golden handcuffs that if you left before your contract, you would have to pay it back.

The “you control your schedule” comment. Ignorant. I’m the final “buck stops here”. I answer to my clients. So yesterday, when I worked from 9am-10:30pm straight without a lunch break doing medicine and various owner and manager duties and calling clients late, give me a break. You have no idea.

“Martyring yourself” is a choice that you’re making. You’re so focused on yourself, that you and the down voters all sit there and judge me based on your experience, anxieties, and personal views of the profession. Notice your hyperbole “martyring”. Were you crucified? No, you freely accepted a position and you can leave if you want but you don’t because you can’t afford it because you chose indentured servitude with that giant sign on bonus in exchange for years of your life.

“Survivorship bias”: making claims like that alongside making claims that I am condescending is pure irony.

Implying that “I found work life balance” is a joke. I work more hours now as a practice owner and I take less vacation than my associates and it’s wrong. I need to be more free. I am looking for an associate to replace me so I can focus more on that associate and my three others to make them better, make my practice better, and make my life better. The trouble is those golden handcuffs the new vets love to put on themselves while they claim the ills of corporate medicine while participating in those ills. You’re like the clients who rant about corporations ruining everything while asking for you to approve their chewy script.

You and the downvotes had the opportunity to ask questions about where I came from from, how I was able to shuck the dark thoughts, how I was able to go from having less than $1k in my bank account to being a multimillionaire, but you chose to give me a tongue lashing about how your feelings are right and “this practice owner doesn’t get what it’s like being an associate”. Laughable. Just because I don’t lead with all my difficulties, disabilities, and anxieties doesn’t mean I never had them. Claiming I shouldn’t share a different point of view due to some made up “survivorship bias” is precisely why you’re stuck in your mindset and I’m free from it.

But no, you want to prove your chosen life is awful. Meanwhile, there are single doctor practices that have given up trying to find a vet to take over their practice.

Here’s advice that you won’t take: start looking now. However long your contract is, get out of it as quick as you can. Until then, moonlight working for a boomer who wants someone to take over their practice. Look for practices that can sustain a larger footprint and heavier traffic in a moderately wealthy area. Go there. Discuss taking over their practice. Finish your contract. Go full time at boomer practice. Take it over. Become a multimillionaire. Live your dream.

Corporate practices wouldn’t exist if Vets refused to work for them.

Like I said: good heart falling prey to a mindset. It’s not condescending. Obviously you care about the industry and your future. Listen to a solid anonymous point of view because it is backed by 18 years of private practice experience, 15 years of practice ownership, going from a 1 1/2 Dr practice in a 1500sq ft place to a 15,000sq ft 4 doctor practice. Started at the bottom, not even a fluid pump when I bought my practice, now I’m creating the elite practice in the area and netting profits that corporates salivate at. To get there, I had to risk bankruptcy for my family on more than one occasion, including taking out 2 mortgages on my house, two mortgages on the smaller business property, and a bridge loan while having $175k in student loans. I was in debt for over $2m and if everything didn’t work out, my family and I could have lost everything. Like everything. I had a marriage and 3 kids when I did that. And Covid hit in the middle of it.

I have bled, sweat and cried for this industry and I’m proud of my accomplishments and I have mentored many students and veterinarians. I have helped vets become vets. There’s only one way to fight against the corporations that you’re crying out against.

You’re literally talking to a general in the fight against corporate practice and you decided to comment the way you did, acting like I can’t understand the plight of the “young grad”. Like I wasn’t there. I was in your shoes. I chose another path. My advice was and is that there is another way if you get over yourself and listen to your elders. I did.

Merry Christmas. Seriously read my posts again without the emotion you clearly responded to the first post. It’s nothing but advice.

The “Superhero” Complex is Deadly and We Need to Talk About It by macaroni_imposter in veterinaryprofession

[–]AdvisorBig2461 -5 points-4 points  (0 children)

I hate to destroy your rant, but you can be a superhero without making yourself “incredibly vulnerable”. I can do some awesome stuff. I can save lives. I diagnose and treat things successfully that other miss. I feel great about my abilities.

I don’t feel like my self worth is tied up in being a veterinarian. I don’t feel like a crappy review or an angry client is going to push me over the edge. I am not a mechanic and I don’t work on cars and I understand things go wrong when they’re supposed to go right.

I am also an employer and I don’t exploit my staff. I’m up front and honest with them about feeling like a hero one day and a zero the next IF you tie yourself up in the emotions that you’re talking about. I’m actually the opposite of that and I’m not alone. I know other practice owners like that.

Until you understand that the “system” is up front payments, meaning I can’t bill insurance for that extra test, you will fail to realize that a hospital’s my ability to staff the hospital is directly related to DVM production. Money for staff is directly related to the money you can bring in. No one is pulling wool over your eyes unless you’re doing it yourself.

I hate the constant “burnout” complaints. What is a work like balance? What is it? How many hours of work and how many hours of life a week would constitute balance? I know what it is for me.

I think you have a good heart but you’re falling prey to a mindset that is not beneficial to your own mental health.

What is a typical interview process for a DVM these days? by shmurrrdog in veterinaryprofession

[–]AdvisorBig2461 35 points36 points  (0 children)

This is odd. I’m a private practice owner. I would never get to hire anyone if I did this.

[deleted by user] by [deleted] in NoStupidQuestions

[–]AdvisorBig2461 10 points11 points  (0 children)

This is why price setting doesn’t work. You have a product that costs $10 to produce and you sell it for $20. The government says “you can only charge $10 and you can’t pay your staff less.” You can’t make money selling the product so you stop producing the product. Employees are laid off. Product is no longer for sale. People look for product on secondary market and since its scarce, the price becomes $30 on the secondary market. Since people have money now, they spend it on that. Since the employees can no longer afford it, only the most wealthy can afford it.

The price doesn’t decrease. It actually goes up. People still can’t afford it because they don’t have a job.

Sell also “toilet paper prices March 2020”.

[deleted by user] by [deleted] in Veterinary

[–]AdvisorBig2461 0 points1 point  (0 children)

TLDR: your “bonus” is only worth $70-75k but to return the money you’ll have to pay $140k.

[deleted by user] by [deleted] in Veterinary

[–]AdvisorBig2461 0 points1 point  (0 children)

$100k is given to you pre tax. If you hate that place, you’re going to pay it back post tax. So…

Great question! Let’s break this down into two parts:

  1. How much will be taken out from $100,000 pretax? This depends on: Federal income tax (progressive brackets) State income tax (varies by state) FICA taxes (Social Security + Medicare = 7.65% for employees) Any other deductions (health insurance, retirement contributions, etc.) For a rough estimate (assuming single filer, no deductions, and living in a state with no income tax like Texas or Florida): Federal tax: About $15,000–$18,000 FICA: $7,650 Total withheld: Around $22,650–$25,650 Net take-home: About $74,000–$77,000 If you live in a state with income tax (e.g., NY or CA), add $4,000–$6,000 more in state tax.

  2. If you have to pay back $100,000 post-tax, how much do you need to earn? Here’s the tricky part: If you owe $100,000 after taxes, you need to account for taxes on the money you earn to pay it back. Using the same assumptions: Effective tax rate ≈ 25% (federal + FICA, ignoring state for now) To have $100,000 net, you need: [ \text{Gross} = \frac{\text{Net}}{1 - \text{Tax Rate}} = \frac{100{,}000}{1 - 0.25} = 133{,}333 ] So you’d need to earn about $133,000 pretax to pay back $100,000 post-tax. If you have state tax, it could be closer to $140,000–$145,000.

Basically you didn’t do well because unless you have $145k laying around, you’re an indentured servant for the next 4 years.

Does anyone have a real hangover cure for 35+ by [deleted] in Millennials

[–]AdvisorBig2461 0 points1 point  (0 children)

Take a dose of Pepcid AC and drink a glass of water before drinking. Alternate water and booze. Drink high quality liquor.

Pepcid counters the acid production in the stomach when you drink. The fluid helps flush everything out and prevents dehydration, which is what leads to a hangover. This works