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White Coat Investor Podcast

MtoM #1 - High COLA Family Doc Slays $400K in Student Loans

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 15 February 2021

⏱️ 13 minutes

🧾️ Download transcript

Summary

Dr. Emily and her partner, both family doctors in a high cost of living area, paid off $400K+ in students loans in really only 4 years after deciding not to go for PSLF. Keys to their success? Refinancing to a lower rate and then budgeting together. By becoming more intentional in their spending and cost conscious in their travel they were able to pay off their loans sooner than they planned. You can still do this in a high cost of living area. Be intentional. You got this and we can help. If you still need to refinance your student loans to a lower rate visit https://www.whitecoatinvestor.com/student-loan-refinancing/

This episode was sponsored by Bob Bhayani, an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. If you need disability insurance coverage, contact Bob at drdisabilityquotes.com today by email [email protected] or by calling (973) 771-9100.

Transcript

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0:00.0

This is the White Co Investor Podcast, Milestones 2 Millionaire,

0:04.5

celebrating stories of success along the journey to financial freedom.

0:09.0

Here is your host, Dr. Jim Dolly.

0:16.0

This is the first episode of Milestones to Millionaire's Podcast.

0:20.0

Now over the years we've had a few really popular episodes of the White Co Investor Podcast,

0:24.6

and they're usually the ones where we get regular listeners on and talk about some great

0:29.1

things they've accomplished in their lives, such as paying off their student loans,

0:32.5

or becoming particularly financially successful, becoming millionaires, for instance.

0:36.8

And so this year we've decided to launch a second weekly podcast of the White Co Investor.

0:43.0

It's going to be shorter podcasts. We're not going to take speak-pipe questions on it.

0:46.9

We're not going to have big long interviews on it. What we're going to do is each one is going to

0:50.6

feature one regular listener who has recently achieved a significant milestone in their life.

0:56.4

And these might be paying off their student loans, lots of those I expect, becoming a millionaire,

1:02.0

paying off their mortgage, perhaps, hitting a net worth of zero, becoming financially independent,

1:07.5

receiving public service loan forgiveness, perhaps becoming a Deca millionaire.

1:11.7

Really anything that you view as a significant financial milestone for you,

1:16.8

we'd like to bring you on the podcast, interview you, share your success with your fellow listeners,

1:22.1

and hopefully inspire them to become similarly successful to you. We're going to release these

1:27.2

episodes on Mondays. We're going to continue to have the regular White Co Investor podcast,

1:31.1

released on Thursdays. But these will be released Mondays. We'll combine the show notes into the

1:36.4

show notes that run on Thursdays on the blog and go with this. We think it's going to be really

1:41.1

popular and you guys are going to really enjoy it, and hopefully get a lot of inspiration out of it.

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