MtoM #45 - Pediatrician Pays off $185K in 3.5 years
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 20 December 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
Renting a less comfortable home than they would have preferred, this couple focused on crushing their student loans. Not being big spenders helped accomplish this goal. Their net worth may have been higher now if they had invested versus paying off loans but everyone's crystal ball is cloudy. They don’t regret the financial freedom and safety being debt free gives them. The most common question we get is should you pay off debt or use your money to invest? This post will help you make that decision https://www.whitecoatinvestor.com/pay-off-debt-or-invest/
This podcast is sponsored by Bob Bhayani at https://drdisabilityquotes.com. 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://drdisabilityquotes.com 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 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. |
| 0:16.0 | This is Milestones 2 Millionaire Podcast No. 45, |
| 0:18.5 | pediatrician pays off 190K in four years. |
| 0:21.9 | This podcast is sponsored by Bob Bionny at drdisabilityquotes.com. |
| 0:25.9 | He's an independent provider of disability insurance planning solutions to the medical |
| 0:29.3 | community in every state and a long time White Co Investor sponsor. |
| 0:32.6 | He specializes in working with residents and fellows early in their careers to set up |
| 0:35.9 | sound financial and insurance strategies. If you need to review your disability insurance |
| 0:39.7 | coverage or to get this critical insurance in place, contact Bob at drdisabilityquotes.com today. |
| 0:45.6 | You can email info at drdisabilityquotes.com or you can call 973-771-9100. |
| 0:53.4 | All right, let's get our guests on the podcast. |
| 0:56.0 | Okay, I am here with Mitch Peterson, a pediatrician who has accomplished a milestone recently. |
| 1:04.0 | Welcome to the Milestones 2 Millionaire Podcast. |
| 1:05.9 | Thank you. Appreciate it. It's nice to be here. |
| 1:08.4 | So tell us what your milestone is. What have you done recently? |
| 1:13.0 | Well, it was like last February, so not too recently. |
| 1:17.3 | But we were able to pay off our student loans. About $185,000 in student loan debt that we paid off. |
| 1:22.4 | I finished residency in July of 2017. So a little less than three-two-and-a-half years, I guess. |
| 1:29.0 | Is that what that would be? Yeah. |
| 1:30.4 | 2017 to early 2021-3.5, right? |
... |
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