MtoM #108 - Hospitalist Pays off $350,000 in 18 months
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 6 March 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
This hospitalist tackled her $350,000 of debt in only 18 months. This physician duo got on the same financial page early in their relationship. They both agreed to live like residents and allocate everything extra to the loans. Despite living in costly Manhattan they were able to pay down the debt while still doing some travel and eating out and having some fun along the way. Their advice to you is to make a clear goal and then stick to it and to have these important financial discussions early on in your relationship.
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Transcript
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| 0:00.0 | This is the Whitecode Investor Podcast, milestones to millionaire, celebrating stories of success |
| 0:05.6 | along the journey to financial freedom. |
| 0:12.7 | This is milestones to millionaire podcast number 108. |
| 0:15.3 | Hospitalist pays off $350,000 in 18 months. |
| 0:20.0 | Right now, qualifying medical professionals can refinance their private student loans with |
| 0:23.6 | an up to 1% rate discount. Still a resident with so-called student loan refinancing, |
| 0:27.6 | you could pay just $100 a month during your residency. This is SOFI member, you'll have access |
| 0:32.4 | to a powerful set of tools, education, even financial planners to help you not only save money, |
| 0:36.8 | but help you get on the road to financial freedom. Check out the Payment Plans and Interstrates, |
| 0:41.1 | SOFI.com slash Whitecode Investor. SOFI student loans are originated by SOFI bank and a member |
| 0:46.6 | FDIC, additional terms and conditions may apply. NMLS 696891. All right, we have got a two-dock |
| 0:55.3 | couple, one in attending one a resident that we're going to bring on the podcast here with a |
| 1:00.8 | pretty impressive story that I think you're going to like. We have two guests on today's milestone |
| 1:06.9 | to millionaire's podcast, Donish and Cadizia. Welcome to the podcast. Thank you for having us. |
| 1:12.8 | All right, before we get into this too far, let's have you tell the audience a little bit about you. |
| 1:18.6 | What do you do for a living? How far are you out of school and training? And what part of the |
| 1:24.5 | country do you live in? My name is Cadizia. I'm a hospice. I've been working for almost one and a half |
| 1:31.0 | years. And my name is Donish. I'm a 30-year psychiatry resident. I'm still in training. And we live in |
| 1:38.0 | okay, so you're out on the East Coast, expensive area or is this like upstate New York? |
| 1:42.7 | No, no, we live in Manhattan, so it's pretty expensive all year. Manhattan, it's expensive. Okay, |
| 1:47.2 | so all right, hospitalists, psych resident, expensive, high cost of living area, and tell us what |
| 1:56.2 | milestone you have recently accomplished. Well, right now we just went back to broke. |
... |
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