10 Dec From Macroeconomics to Personal Finance: What Can We Learn?
“There is a difference between a growing economy and a thriving economy.”
Financial Wellness DVM, a personal finance blog for veterinarians, shared key takeaways from last month’s American Veterinary Medical Association (AVMA) Economic Summit. The blog passes on advice from Dr. Matthew Salois, AVMA Chief Economist: focus on paying off debt and increasing savings, don’t overreact to economic news, and review investments to ensure the appropriate amount of risk/reward built into those investments. It also provides insight on one of Dr. Salois’ concluding remarks, “there is a difference between a growing economy and a thriving economy.” The blogger explains the differences between them and follows with an application to personal finance. The blogger says when they both are at work and in balance, growth is contributing and sustaining wellbeing, rather than overpowering it.
This summary has been provided by the Veterinary Debt Initiative (VDI). Led by the American Veterinary Medical Association, the Association of the American Veterinary Medical Colleges and the Veterinary Medical Association Executives, VDI is aimed at raising awareness and providing access to helpful resources that will enable pre-veterinary students, veterinary students and veterinarians to make highly informed financial decisions. For more information, check out the VDI website at www.veterinarydebtinitiative.org.
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