MtoM #8 - $450K Paid Off In 2.5 Years
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 5 April 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
This doctor paid off $450K in student loans in 2.5 years by prioritizing being debt free above all else. Impressive amount of discipline. That amount of debt was incredibly intimidating for Daniel but it feels every bit as good as he thought it would to be free of these student loans. It is possible with commitment, budgeting, and delaying gratification. Getting rid of your student loans is a trial run for your future goal of being financially independent. Find the tools you need to be manage your student loans at https://www.whitecoatinvestor.com/ultimate-guide-to-student-loan-debt-management-for-doctors/
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Transcript
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| 0:00.0 | This is the White Co Investor Podcast, Milestones2Millionaire, celebrating stories of success along the |
| 0:06.8 | journey to financial freedom. Here is your host, Dr. Jim Dolly. |
| 0:16.0 | This is Milestones2Millionaire, episode number 8. 450,000 dollars paid off in two and a half years. |
| 0:22.0 | You know, if you'd like to come on the Milestones2Millionaire podcast, all you have to do is apply |
| 0:26.6 | at whitecodeinvestor.com slash Milestones2Millionaire to be a guest on the show. Whatever your recent |
| 0:32.2 | financial accomplishment has been, we want to celebrate it with you and use it to inspire your peers |
| 0:37.7 | and colleagues. Whether it's you've paid off student loans, gotten public service loan forgiveness, |
| 0:42.6 | become financially independent, become a deck of millionaire, whatever it is, we'd like to |
| 0:46.8 | celebrate it with you. So apply to be a guest on the show. Our sponsor today is Bob Bionny, |
| 0:51.7 | at drdisabilityquotes.com, a truly independent organization. Drdisabilityquotes.com was founded |
| 0:58.0 | on the basic principle of providing unbiased and conflict-free disability planning solutions to |
| 1:02.7 | physicians, residents, and fellows nationwide. They shop your business with every major insurance |
| 1:07.3 | carrier to create a true onoccupation policy at the best possible rates with all applicable |
| 1:12.1 | discounting. If you need disability insurance, contact Bob at 973-771-9100 or info at DR-disability.com. |
| 1:21.1 | Disabilityquotes.com. All right, we got a great guest on today. You're going to love this. Let's |
| 1:26.9 | bring on Daniel. All right, our next guest on here is emergency physician Daniel Axelsen. Welcome |
| 1:32.6 | to the Whitecode Investor Podcast. Dr. Daly, thanks so much for having me. All right, so tell us |
| 1:37.7 | about this. You paid off your student loans in 2020. How much did you pay off? So between my wife |
| 1:44.0 | and I who are both physicians, we graduated medical school with just shy of $450,000 in medical |
| 1:51.0 | school debt. The vast majority of that was mine. My wife did carry a small, small amount of medical |
| 1:56.8 | school debt as well, but together we had a just shy of $450,000 of medical debt and we paid it off |
| 2:02.8 | recently and it feels amazing. Congratulations. And how long did you take to pay it off? |
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