MtoM #1 - High COLA Family Doc Slays $400K in Student Loans
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K 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/
If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been given the tools to succeed. Enroll in WCI Financial Boot Camp, a FREE educational email series, and learn to convert your high income to wealth. You will learn the basics of investing, saving, insurance, and more. Your high income alone will not lead to financial success, but as always, we want to help you on your financial journey. Go to https://www.whitecoatinvestor.com/financialbootcamp to sign up today! You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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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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