MtoM #40 - Dual Family Doctor Couple pays off $400K+ in 3 years
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 15 November 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
Following the outline for financial priorities in the WCI book, this couple was able to invest while paying off the debt for Brad’s medical school. Racquel used the National Health Service Corps to pay for school and owed them a couple years of service after. This episode we discuss the pros and cons of paying for medical school this way. Be inspired by this couple’s success and then go learn more about financial “waterfalls” at https://www.whitecoatinvestor.com/financial-waterfalls-for-new-residents-and-attendings/ to set your priorities.
A lot of physicians have questions about locum tenens, and https://locumstory.com is the place for them to get real, unbiased answers to those questions, basic questions like, “What is locum tenens?” to more complex questions about pay ranges, taxes, various specialties, and how locum tenens works. And then there’s the big question: Is it right for you? Go to https://locumstory.com and get the answers.
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 for 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 Co Investor Podcast, Milestones 2 Millionaire, |
| 0:04.5 | celebrating stories of success along the journey to financial freedom. |
| 0:09.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.9 | A cast number 40, family docs, pay off, massive debt, and service obligation in less than four years. |
| 0:23.4 | This story time brought to you by LocomStory.com. Today we'll be reading one job, two jobs. |
| 0:28.1 | One job, two jobs, red blob, no job. |
| 0:30.9 | Elective doc, emergency doc, summon overstock, summon out of stock. |
| 0:34.7 | This doc is too abused. This doc is underused. This doc can't get sick. |
| 0:38.9 | Say let's try a brand new trick. For all the docs about to cry, here's an idea you can try. |
| 0:43.9 | Look into a LocomTenon's assignment, a really great option you might find it. |
| 0:47.6 | With all this new info trapped up in your thinker, go to LocomStory.com and use your mouse to tinker. |
| 0:53.1 | It's here you'll find the unbiased answers you're after, so you can decide if LocomTenon's is your next chapter. |
| 0:59.3 | We have two guests on this podcast. We're going to bring on momentarily. |
| 1:03.1 | They each paid for medical school in a different way. |
| 1:05.5 | And so I find that very interesting. But the good news is they are both done. |
| 1:11.0 | Enable to move into the rest of their career, relatively young ages without these obligations and debts hanging over their heads. |
| 1:19.1 | So let's get them on the podcast. |
| 1:23.3 | So my two guests on this podcast are Raquel and Brad. Welcome to the Milestones to Millionaire podcast. |
| 1:29.8 | Hey, thanks for having us. |
| 1:31.0 | Thank you so much. It's an honor and pleasure to be here. |
| 1:33.6 | Great to have you here. We are celebrating with you today, basically paying for medical school. |
| 1:39.1 | And you two did it in two different ways. And we're going to explore both of those today. |
... |
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