MtoM #81 - Orthodontist Pays Off $540K In 4 Years
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 29 August 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Dr. Spath interviews this orthodontist who paid off $540K in loans while living in a high cost of living area by refinancing to a lower rate and living below her means. It was easier than she thought it would be, turning it into a game. Having won that game she now has the freedom to cut back at work or explore other opportunities if her heart desires. Make a plan for your loans and get it done. If you need help with that plan check out https://studentloanadvice.com/
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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 Whitecode Investor Podcast, milestones to millionaire, celebrating stories of success |
| 0:05.6 | along the journey to financial freedom. Welcome back to another episode of milestones to |
| 0:15.1 | millionaire podcast. This is your host, Vicious Bath, and we're on the Whitecode Investor. |
| 0:20.3 | Today, we have the pleasure of having the North Adonis, and she's going to tell us her story about |
| 0:26.0 | how she paid off $540,000 in four years. Holy cow, I can't wait. First, a word from our sponsor. |
| 0:34.7 | We're sponsored today by DLP. DLP is a familiar name within the Whitecode Investor community, |
| 0:39.9 | as long time members of our investment opportunities list. If you want to invest with a high growth |
| 0:44.8 | impact investor that believes in doing well while doing good, we encourage you to check out DLP. |
| 0:50.4 | They're real estate backed investments, build wealth, and prosperity for all of their members, |
| 0:56.1 | investors, clients, and partners. Plus, their funds have historically had zero losses. |
| 1:02.5 | Find out more at www.whitecodeinvestor.com slash DLP. If you're thinking of getting into |
| 1:09.8 | investment housing, they should definitely be on your radar. All right, let's get into our |
| 1:14.8 | interview today. Welcome. Hi, nice to meet you. It's like Saturday to be here. Yes, nice to meet you. |
| 1:21.7 | Can you tell us about your profession and how far you are out of school? |
| 1:25.4 | So I'm going to write an audit and next month, I'm almost five years out of residency. |
| 1:32.7 | And yeah, practicing in the New York area. And yeah, we've got to see here a person in the beginning |
| 1:40.0 | of graduation. Wonderful. So you're like a New York City proper. I'm almost. So I'm really |
| 1:46.7 | from the Dominican Republic, the YI settle here. I like it. Wow. Wow. Talk about high cost of living. |
| 1:54.6 | Yes, yes. So it's not so. But it's too old. We got to do it. Stay in the corner. |
| 2:03.5 | So in the setting of this high cost of living area, tell us exactly how much you paid off. |
| 2:08.7 | So I think it was prepared for this project. It's actually very, very willing to slide |
| 2:14.1 | down the numbers. But the exact amount was $548,928 in five cents. Oh my god. Holy cow, congratulations. |
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