MtoM #187: Pediatrician Pays Off $330,000 in Student Loans in 7 Years and Finance 101: The Basics of Asset Protection
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 9 September 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
Today we are talking with a pediatrician who paid off $330,000 in 7 years. He talked about being mentally prepared for this to take a very long time. He refinanced his loans in 2019 and was making payments and trying to throw extra cash at them when he could. But when he sold his first house and moved to a new home he made enough on that sale that he was able to pay the rest of those loans off in one whack. He is loving the freedom of being done with the payments. He shares the great advice to celebrate not only the big milestones but the small ones too like when you get the chance to put an extra few thousand dollars towards your loans. For finance 101 we will be talking about the basics of asset protection.
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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 Podcast, Milestones to Millionaire, |
| 0:04.2 | celebrating stories of success along the journey to financial freedom. Hi, |
| 0:14.0 | podcast family, it's Megan, your podcast producer. |
| 0:17.0 | As I'm sure that many of you have heard by now, |
| 0:20.0 | Dr. Dolly had a pretty serious rock climbing accident a couple of weeks ago. |
| 0:24.8 | He made an announcement himself on the main podcast last Thursday, if you'd like to go back and |
| 0:30.1 | listen to that. |
| 0:31.3 | He's doing very well. He's resting and recovering, but he is going to be taking a couple of weeks off from podcasting. |
| 0:38.0 | So until then, we have some exciting episodes for you. We have a lot of people from the WCI family filling in and helping out and we hope that you still find a lot of value in these episodes over the coming weeks. And don't worry, he will be back soon. We are so grateful for everyone's support through this |
| 0:54.5 | process and we look forward to having Dr. Dolly back soon. This is milestones |
| 0:59.7 | to Millionaire Podcast number 187. Pediatrician pays $330,000 in student loans in seven years. |
| 1:05.0 | Step away from the volatility of the markets and put your money back to work with |
| 1:09.2 | MLG Capital series of private real estate investment funds. |
| 1:12.0 | Over 35 years in the real estate industry, |
| 1:15.0 | MGL capital has the experience to provide investors |
| 1:17.0 | with substantial returns in the track record to back it up, |
| 1:20.0 | more than doubling every dollar invested through multiple investment cycles. |
| 1:23.0 | There a series of private investment funds target an 11-15% rate of return net to investors through |
| 1:27.5 | tax-efficient quarterly distributions. |
| 1:29.8 | The fund structure prioritizes generous returns to investors first before |
| 1:33.2 | MLG can share in any profits demonstrating their culture of |
| 1:36.3 | absolute integrity. Experience the peace of mind that comes with investing and diversified |
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