MtoM #226: Family Doc and PT Pay Off Student Loans and Finance 101: Debt vs. Investing
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 9 June 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
Today we are talking with a family doc and a physical therapist who have paid off all of their student loans just a few years out of training. Their secret to success was creating a financial plan and sticking to it. They lived like residents and put everything they could to loans. They are both extremely debt averse and just wanted to pay their loans off quickly even if they could have gotten forgiveness over time. Their advice to you is to really negotiate your contract, financially educate yourself and have a plan. After the interview we are talking about debt vs investing for Finance 101.
This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://WhiteCoatInvestor.com/Protuity today by email [email protected] or by calling (973) 771-9100.
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 Myelstone's Millionaire podcast number 226. Family Doc and PT pay off their student loans. |
| 0:19.4 | This podcast is sponsored by Bob Bayani at Protuity. |
| 0:22.4 | He's an independent provider of disability insurance planning solutions to the medical |
| 0:25.8 | community in every state and a longtime White Code investor sponsor. He specializes in working |
| 0:30.8 | with residents and fellows earlier in their careers to set up sound financial and insurance |
| 0:34.4 | strategies. If you need to review your disability insurance coverage, |
| 0:38.0 | or just need to get this critical insurance in place, contact Bob at whitecoatinvestor.com |
| 0:42.8 | slash protuity. You can also email info at protuity.com or you can call 973-771-910. Welcome back |
| 0:52.5 | to the milestones podcast. We want to feature you and your stories and use it to inspire others to do the same. |
| 0:58.0 | You can apply at whitecoatinvestor.com slash milestones. |
| 1:03.3 | Also, by the way, those of you who need some help with your student loans, you're not sure what |
| 1:07.6 | to do with them, especially with all the changes going on in Washington. |
| 1:11.2 | Here's a deal for you. |
| 1:12.4 | If you book a consult with student loan advice.com, this is the company we started to help |
| 1:17.3 | answer all these questions. |
| 1:19.0 | You're going to get a free course. |
| 1:21.4 | It's the continuing financial education, 24 course. |
| 1:25.1 | It comes with CME. |
| 1:26.3 | It's like 50 hours of content. It's a great course. Just because it |
| 1:30.4 | says 24, it doesn't mean it's like out of date. I mean, come on. What a course actually goes out |
... |
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