The “F” Word


It is not often you hear people chatting about their personal finances while catching up over a cup of coffee; I get it, talking about money can be uncomfortable - almost taboo.

It is even MORE unlikely that you have heard money spoken of under the umbrella of personal wellness.

Today, however, we are going to shift your mindset around money.

There two typical ideologies around money that can have a negative affect on one’s mental wellbeing; Scarcity and Overabundance mentality.


Scarcity Mindset  

You may be approaching money with a scarcity mindset if you: 

  • Actively withhold from making a purchase, or participating in an experience, out of fear that you may need the money for something more important.
  • Feel like you are always “lacking”, or that there will never be enough.
  • Do not seek new opportunities to gain financially, as you are solely focused on maintaining what you have.
  • Catch yourself feeling jealous of others’ material possessions


Overabundance Mindset

You may be approaching money with an overabundance mindset if you:


  • Spend frivolously, without care or knowledge of your financial status
  • Turn to your credit card, without hesitation, to make purchases you cannot presently afford.
  • Always want to have “the newest thing”
  • Have found yourself in debt - feel anxious and unsure of how to get ahead of your debt, or avoid thinking about it all together. 


Finances are one of the largest contributors to job dissatisfaction, stress, divorce, (the list could go on), and those of us working in the veterinary field are of no exception.

We do what we do because, well, we love animals. Unfortunately, however, this passion can quickly die out when, year after year, we are faced with low wages and looooong working hours in understaffed clinics.

New graduates are starting in entry-level positions, with thousands of dollars of student debt weighing them down. Is it any surprise that only 24% of veterinarians, age 34 and under, would recommend entering the field?

That is why IMThriving believes that taking care of one’s finances should be an action as synonymous with self-care as taking a bubble bath.


“Where do I start?”


Tackling your finances is a daunting task. We are not saying it will be easy, but we KNOW it will be worth it.

Having knowledge and understanding over your finances provides a sense of security, stability and control, comfort and reliability, in a way that very little else does.

So here is where you can start:


Step 1: Figure out your monthly Income

If you don’t already have a set number in your head, this is a great place to start.

Having a well-defined understanding of where you are starting will offer you clarity as you move forward, looking at your monthly bills and expenses.


Step 2: Identify the Non-negotiables

The next step is to identify all required expenditures.

These are the bills and expenses required to maintain a standard quality of life.

I.e. – Car Insurance, Rent/Mortgage payments, Health Insurance, Groceries, Phone Bills, Internet Bills.


PRO TIP: Be strict and keep this list as short as possible. This is not the place to make excuses – these are the bare necessities.


Step 3: Become familiar with your danger zone

If you are like me and enjoy eating out on a semi-regular basis, you might be surprised at just how much money you are spending at your favorite restaurant(s).

Step 3 is to write down your expenses… all of your expenses. No dime left unaccounted for.

This, for many, is an eye-opening step, but DO NOT FEEL EMBARASED. Everyone has a “danger zone” when it comes too frivolous spending.

By identifying your biggest “money sucks”, you can step into the coming months prepared and goal oriented.


Step 4: Identify your spending money

We recommend going through these steps each time a paycheck is received, before you allow yourself to touch said dollars.

This way, by accounting for all the non-negotiables (those we identified in step 2) first, plus a set amount put away for savings and rainy days, you know exactly how much spending money you have at your disposal.

This money can then be allotted to wherever you see fit, without concern of jeopardizing your financial, security by overdrawing from other expenses. 


Step 5: Tune into a LIVE fire-side chat about RVT wages at

Since the founding of IMLocum and IMThriving, one of the most common questions we are asked is "HOW MUCH?”

  • How much do I charge?
  • How much should I get paid?
  • How much am I worth?
  • How much of a raise I can ask for?  


We are asked these questions on weekly bases - so, let's talk about it!

Join us LIVE Sept. 26 2019 to start the conversation! Sign up or watch the replay any time at





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Created with care by IMLocum | IMThriving