MtoM #166: Family Docs Pay Off $705,000 in Student Loans and Finance 101: Rich Dad Poor Dad

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 15 April 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This dual physician couple has paid off over $700,000 of student debt only four years out of training. They are both family docs living in California. They had the great insight that when you choose to live in California you need to view your cost of living as your luxury item. How did they do this so quickly? They lived frugally, got rid of their expensive car and dove into tackling their debt with extreme focus. They feel liberated after getting rid of that debt and love the flexibility they now have. After the interview we will be talking about Rich Dad Poor Dad for Finance 101.

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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 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 for Millionaire Podcast Number 166. Family Docs pay off $705,000 in student loans.
0:21.0	As a white coat, you have valuable knowledge. Various companies want that knowledge, and they're willing to pay you for it. That's why we put together a list of recommendations for companies that pay you to take surveys. If you're looking for a profitable side gig for not too much effort,
0:33.8	getting paid for surveys could be the perfect solution for you. You can make extra money,
0:37.7	start a solo 401k, and use your medical knowledge to impact new products.
0:41.7	One of the WCI columnists makes an extra $30,000 a year just
0:44.8	doing these surveys. Sign up today, use a fraction of your downtime to make extra
0:48.9	cash. Go to whitecoat investor. C.
0:55.0	And the White Code investor can help.
0:56.0	All right, Megan has asked me to announce the next
1:00.0	financially empowered women,
1:01.0	aka the Few few virtual event.
1:04.2	It is April 25th at 6 p.m. mountain time.
1:07.1	Come learn about taxes.
1:08.7	Yes, Joanna Turner,
1:10.4	so you may know from many years of service on the WCI Forum is going to be there teaching about taxes.
1:16.2	You can sign up a whitecoat investor.com slash few, FEW.
1:21.2	All right, we have got a couple of guests today
1:24.6	to bring on the milestones to Millionaire Podcast.
1:26.8	They've accomplished a recent milestone.
1:28.5	I'm super proud of them.
	...

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