MtoM #109 - Geriatrician Pays Off Student Loans
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 13 March 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
This geriatrician paid off his student loans and achieved a net worth of $350,000 only 4 years out of training. He shows that you can make big financial progress even if your income is on the lower end of physician incomes. He shares that reaching these milestones was easier to achieve than he thought it would be. He recommends living like a resident, renting a home for 6 months post training and just hammer away at your loans. He said to make a repayment plan and stick with it. The relief from that debt burden is amazing and worth the hard work. Need some motivation to pay off your student loans quickly? Check out this post: https://www.whitecoatinvestor.com/10-reasons-to-pay-off-your-student-loans-quickly/
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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 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 109. |
| 0:15.2 | Jerry Atrition pays off $130,000 in student loans. |
| 0:20.0 | DLP is a familiar name within the WCI community as long time members of our investment |
| 0:24.4 | opportunities list. If you want to invest with a high growth impact investor that believes in |
| 0:28.8 | doing well while doing good, we encourage you to check out DLP. The real estate backed investments |
| 0:33.6 | build wealth and prosperity for all of their members. Investors, clients, and partners. Plus |
| 0:38.3 | their funds have historically had zero losses. Find out more at whitecodeinvestor.com slash DLP. |
| 0:44.7 | If you're thinking of getting into investment housing, they should definitely be on your radar. |
| 0:49.4 | All right, we have got a fantastic guest for you today. Let's get him on the line. |
| 0:55.3 | Our guest on the podcast today is Tyson. Welcome to the podcast. |
| 0:59.4 | Thank you, Jim. It's good to be here. |
| 1:01.2 | Now, I just had a chance to get to know you a little bit, but our listeners don't know you from |
| 1:06.4 | Adam. So tell us what you do for a living, how far you are at a training, and what part of the country you're in. |
| 1:11.0 | Yeah, I'm a Jerry Atrition internal medicine trained with additional qualifications in |
| 1:16.8 | geriatrics in the state of Texas, where I graduated medical school and did training kind of all |
| 1:23.6 | over the country, but finally made it back. And how far out are you? I graduated medical school in |
| 1:29.4 | 2014, graduated fellowship in 2018. Okay. So since 2018, so that puts you about four years out or so, |
| 1:37.4 | right? Okay. And tell us about what milestone we're celebrating today. What have you done? |
| 1:43.5 | So I have paid off all my loans, around 130,000 with the interest added that accrued over time, |
| 1:51.1 | but I also did a net worth calculation and where my wife and I were worth 350, which I didn't see coming. |
... |
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