MtoM #159: Surgeon Gets PSLF Via the Waiver and Finance 101: Probate

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 26 February 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our guest today is a surgeon who got almost $250,000 of student loans forgiven with PSLF thanks to the new waiver. She was the beneficiary of having her loans forgiven under the current IDR waiver for PSLF. She is hoping that if your situation is similar that you also take advantage before the waiver expires on April 30th. She has also worked hard to take her net worth from a negative $350,000 after training to just over half a million. After the interview we will be talking all about probate for Finance 101.

Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place.

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 to Millionaire Podcast 159. Surgeon gets PSLF via the waiver.
0:21.3	Getting quality, disability, and life insurance should be the first financial chore for a doctor to complete.
0:26.0	Most docs don't have the ideal policy for their gender, specialty, state, or health status.
0:30.0	And one in seven doctors gets disabled at some point during their career.
0:33.2	Because these policies can only be purchased through brokers, we put together a list of vetted
0:37.2	agents who are experienced with working with the specific needs of medical professionals
0:41.2	and have your best interest at heart.
0:43.0	If you have questions about insurance and what kind of policies would be the best fit for you,
0:47.0	check out our insurance recommended list at whitecoat investor.com slash insurance and feel the peace of mind that comes with knowing you have the optimal policy in place.
0:54.6	You can do this and the white code investor can help.
0:57.8	All right, you know what we do need help with though?
0:59.9	We need help with champions, WCI champions, these are the folks that pass out copies of the
1:06.1	White Code Investors Guide for students to their classmates.
1:08.8	Okay, these are first year students, mostly medical and dental students, you know, MD DO, DDS, whatever, but we are also, if you have a
1:18.2	US-based school, we will even send these out for PA, N, P, and pharmacy schools this year.
1:25.0	All you have to do is volunteer to pass them out.
1:29.0	That's it. That's what makes you a champion.
1:30.0	We send you a few boxes of books. You pass them out to your classmates, you get some
1:33.9	swag. That's the whole deal. But by getting this information into the hands of your classmates
1:38.7	early, you can change their lives. You can help them be financially literate, become financially disciplined, and when you apply that to the high income that they're going to have eventually, it will make all the difference in the world.
	...

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