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White Coat Investor Podcast

MtoM #69 - Graduating Medical School Debt Free

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Investing, Business, Health & Fitness, Medicine

4.82.4K Ratings

🗓️ 6 June 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

Dr. Spath interviews a dermatology resident in this episode who finished medical school with zero debt. It is quite an inspiring story.  She had a financial plan and a budget, she lived below her means, applied to all scholarships she laid her eyes on, and had a supportive partner. Together they achieved the goal of a debt free medical education. Read about another inspiring debt free education here https://www.whitecoatinvestor.com/my-plan-to-graduate-medical-school-debt-free/ 

Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. You can do this and The White Coat Investor can help.

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

Click on a timestamp to play from that location

0:00.0

This is the Whitecode Investor Podcast, milestones to millionaire, celebrating stories of success

0:05.6

along the journey to financial freedom.

0:12.8

Hey and welcome back to milestones to millionaire podcast number 69, graduating medical school

0:19.3

debt-free. This is your host Dr. D'Sha' Spagh. Today's podcast is sponsored by PK Insurance.

0:26.8

PK Insurance Group Inc. Pratip Aldo and his team are independent insurance brokers with a focus

0:32.7

on disability and life insurance, protecting your family and income in the event of a death or

0:37.6

disability is extremely important. There is now an A plus rated carrier offering up to 7.5 million

0:44.4

of term life insurance without a medical exam. If you qualify medically, approval is possible within

0:50.2

15 minutes. Avoiding the exam could be ideal for busy professionals. Reach out to PK and

0:56.7

insurance today to discuss your disability or life insurance needs. Call 1-800-258-1018 or email

1:04.2

info at pkinsurance.com. Today I'd like to welcome Istha Egbato to the milestones to millionaire

1:11.9

podcast. She's a dermatology resident who graduated from medical school debt-free and I can't wait to hear

1:18.4

all her secrets of how she did that. That's amazing. Istha, welcome. Thank you. Thank you for having me

1:24.2

on your show. It's my pleasure. Please tell us a little bit about yourself and what got you here.

1:29.7

Yes, so my name is Istha Egbato. I'm currently a transitional year resident in Boston and I'll

1:35.1

be moving on to Baltimore to continue my dermatology residency. And I'm here because I reached

1:40.8

a milestone of graduating from medical school debt-free. Congratulations. Thank you. That's amazing.

1:48.7

Thank you. I'd like to share my story and hopefully inspire other medical students too.

1:52.8

Hopefully also attend that school. Okay, so you got to tell us how did you do it? Give us the big picture.

1:59.2

Yeah, so I think it took a lot of team effort to get to where we are right now. So one, I am married.

2:06.2

So my husband obviously was able to support me while I was in medical school.

2:11.5

Two, I got a full tuition scholarship to medical school. What do those still exist?

...

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