MtoM #158: Hospitalist Pays Off Student Loans in Just Over 2 Years and Finance 101: Emergency Funds
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 19 February 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
This hospitalist paid off $235,000 only 2 years out of residency. She has always been very debt averse and knew she wanted to get rid of it as quickly as possible. Nearly half of her income went to paying off her loans. She said paying off the debt was easier than she thought it would be largely because she is comfortable living like a resident. Her next goal is to buy a new car with cash. She plans to save for a house eventually but currently wants to pour money into her retirement accounts. She said paying off her loans has given her a huge sense of freedom. After the interview we will talk about emergency funds for Finance 101.
No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was. Fire Your Financial Advisor also has a version eligible for CME credit. Get your financial life in order today. Go to https://whitecoatinvestor.com/courses to sign up.
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 Coat Investor Podcasts to Millionaire, |
| 0:04.2 | celebrating stories of success along the journey to financial freedom. |
| 0:08.2 | This is Milestones podcast number 158. |
| 0:17.0 | Hospitalist pays off student loans in just over two years. |
| 0:21.0 | No more waiting through dozens of books at the library, scrolling through hundreds of blog |
| 0:24.8 | posts on dozens of blogs or checking in daily with online forms trying to gain a financial education |
| 0:30.7 | the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, |
| 0:35.0 | the Fire Your Financial Advisor online course will take you |
| 0:38.0 | from feeling anxious and having no plan to having a written financial plan |
| 0:42.0 | you can follow the rest of your investing career as a professional and a retiree. |
| 0:46.0 | This course is the material that should have been taught to you in college, medical school or residency, but never was. |
| 0:52.0 | Fire your financial advisor also has a version eligible for |
| 0:54.5 | CME credit. So get your financial life in order today. Go to whitecode investor |
| 0:58.2 | dot com slash courses to sign up. You can do this and the white code investor can help. |
| 1:03.0 | And on that page you can actually learn about our other courses as well. |
| 1:06.0 | We have one that's continuing financial education. |
| 1:08.0 | We put together using material from our conference every year. |
| 1:11.0 | We also have our No Hypo Hyper real estate investing course and you know several other |
| 1:16.4 | courses there so check them out. Are you a student if you're a student you should |
| 1:20.7 | be coming to our webinar this podcast drops on on the 19th, the webinar is the 21st. |
| 1:26.5 | So you might have already missed it if you don't listen to this in the first three days after a drop. |
| 1:30.3 | But if you go to whitecoat investor.com slash student webinar you can sign up six o'clock mountain time |
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