MtoM #197: Rehab Docs Pays Off Student Loans in 16 Months and Finance 101: Pessimism
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 18 November 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
This rehab doc paid off $380,000 of student loans in only 16 months! He obviously worked like crazy over that time period to be able to accomplish that goal. He said he knew his value for freedom to choose what to do in the future would keep him motivated when he was starting to feel burnt out. Having the loans gone has given him that freedom and he feels like the work was worth it. He is now excited to focus on his quality of life as well as to start building his retirement accounts. After the interview we will be talking about pessimism for Finance 101.
One of the most underrated financial moves in medicine is working locum tenens. It pays significantly more on average, and you can work locums full time or on the side of your full time. And when you work with CompHealth, the #1 staffing agency, they cover your housing and travel costs —which on top of higher pay, really adds up. Locums also gives you more control of your career, allowing you to go where you want, when you want, with a schedule that works for you. It’s the perfect way to get ahead financially while getting focused on what you love. Whether it’s locum tenens or a regular permanent position, build your career your way with the power of CompHealth. Learn more at https://CompHealth.com
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, celebrating stories of success |
| 0:06.0 | along the journey to financial freedom. |
| 0:13.3 | This is Milestones to Millionaire podcast number 197. Rehab doc pays off student loans in 16 months. |
| 0:20.3 | One of the most underrated financial moves in medicine is working locum tenants. |
| 0:23.9 | It pays significantly more on average and you can work Locum's full-time or on the side of your full-time. |
| 0:29.0 | When you work with Comp Health, the number one staffing agency, they cover your housing and travel |
| 0:33.0 | costs, which on top of higher pay really adds up. |
| 0:36.7 | Locams also gives you more control of your career, |
| 0:38.7 | allowing you to go where you want, when you want, |
| 0:40.9 | with a schedule that works for you. |
| 0:43.0 | It's the perfect way to get ahead financially |
| 0:44.6 | while getting focused on what you love. |
| 0:46.4 | Whether it's Locom tenants or a regular permanent position, |
| 0:49.3 | build your career your way with the power of comp health. |
| 0:52.0 | Learn more at compealth.com. All right, welcome back to the |
| 0:57.5 | podcast. Lots of fun stuff going on here at WCI. We recently finished our scholarship program, which is one of our |
| 1:04.8 | biggest outreach things that we do. You can check out those winning essays that were submitted. There's |
| 1:10.6 | 10 of them. They each got |
| 1:12.1 | almost $6,000 cash for winning the contest. That's also a great way that we can help medical |
| 1:19.2 | students become more financially literate because they find out about the white coat investor |
| 1:24.3 | through this scholarship thing. But a better way to make them financially |
| 1:27.7 | inveterate is what we call our champions program. And you can get more information about this, |
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