MtoM #73 - Radiologist Pays Off Student Loans
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 4 July 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
Radiologist pays off $75K. That may not seem like a lot. But he shares some great advice from his journey to being debt free, recognizing the sacrifice of his spouse in frugality and his parents' sacrifice for funding a 529 so he could do medical school with only $75K in debt. This lower debt freed him up to have no limitations on the job he could accept post training. Are you funding a 529 for your kids? https://www.whitecoatinvestor.com/tax-break-for-the-rich-the-529-account-back-to-basics-series/
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Transcript
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| 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. |
| 0:12.7 | This is milestones to millionaire podcast number 73, resident, pays off student loans. |
| 0:18.8 | At PKA Insurance Group Inc, Pradi Padho and his team are independent insurance brokers with a |
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| 0:43.2 | to PKA Insurance today to discuss your disability or life insurance needs. Call 1-800-258-1018 |
| 0:50.9 | or email info at pkainsurance.com. We've got a great interview for you today. We've got a |
| 0:57.6 | radiology resident who has paid off student loans even before finishing his training. So let's |
| 1:03.9 | get him on the line and take a listen. All right, I've got our guest for today on this is Zach. |
| 1:09.5 | Welcome to the Milestones to millionaire podcast. Thanks for having me, I appreciate it. |
| 1:13.9 | All right, tell us about your specialty and how far you are out of training. |
| 1:17.2 | So I'm in diagnostic radiology. I'm not yet out of training. I have what a month and a half to go |
| 1:24.1 | before I finish out my residency and then one year fellowship and then into practice after that. |
| 1:29.8 | Well, that makes this story even more impressive because today, what mile-student are we celebrating |
| 1:34.8 | with you? So we are celebrating paying off my student loans, which happened a little bit earlier |
| 1:40.6 | this year. Yeah, so you paid off your student loans before you finished your training? I did. |
| 1:45.9 | That's pretty awesome. How much did you pay off? So it was about 75,000 I think when I came out of |
| 1:54.0 | med school. Okay, so I think the obvious question for most people listening out there knowing the |
| 1:59.8 | average medical student graduates with over 200 is how did you get out with only 75? Yeah, so |
... |
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