MtoM #97 - Doc Pays Off $360,000 of Student Loans and Hits Millionaire Status
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 19 December 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
This doc reached two big milestones! She paid off her student loans and reached millionaire status just five years out of residency. This dual doc household has been taking advantage of working a little less now that they have their financial ducks in a row. Her advice to you? Maximize your retirement accounts while paying off your loans. Learn more about retirement accounts here: https://www.whitecoatinvestor.com/comparing-retirement-accounts/
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 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. This is milestones to millionaire podcast number 97. |
| 0:16.1 | This podcast is sponsored by Bob Bionny at drdisabilityquotes.com. He's an independent provider |
| 0:21.5 | of disability insurance planning solutions to the medical community in every state and a long time |
| 0:25.9 | Whitecode Investor sponsor. He specializes in working with residents and fellows early in their |
| 0:30.3 | careers to set up some financial and insurance strategies. If you need to review your disability |
| 0:34.7 | insurance coverage or to get this critical insurance in place, contact Bob at drdisabilityquotes.com |
| 0:40.1 | today by emailing info at drdisabilityquotes.com or by calling 973-771-9100. Welcome back to the podcast. |
| 0:50.7 | I hope this makes your Monday mornings on your way into work a little bit easier to |
| 0:55.4 | tolerate. Although I know lots of you like me work weekends and evenings and nights and holidays |
| 1:01.6 | as well. If you'd like to come on this podcast and share your financial milestones, we'd love to |
| 1:07.6 | have you. You can apply at whitecodeinvestor.com slash milestones and I don't care what the milestone is. |
| 1:14.2 | I don't care if it's that you bought a snowblower for cash. We'll celebrate your accomplishment |
| 1:18.3 | with you and use it to inspire others to do the same. So whether your milestone is getting back |
| 1:23.6 | to broke or becoming a decadent millionaire, you are welcome on this podcast. And there's someone |
| 1:29.2 | else just like you out there that would benefit from hearing your story. We've got a great doc |
| 1:36.1 | on today. It's one half of a two-dock couple and they have actually accomplished two milestones |
| 1:41.3 | that are we're celebrating today. Let's get Carrie on the line. Our guest today on the milestones |
| 1:46.1 | to millionaire podcast is Carrie. Welcome to the podcast. Thanks for having me. You've accomplished not |
| 1:51.2 | one but two awesome milestones. Congratulations. Thank you. You have paid off $360,000 in student loans |
| 2:02.3 | in five years. That's pretty awesome. And I understand you've also become a millionaire. |
| 2:07.1 | Yeah. Yeah. I just calculated my network this week and realized we get the million dollar mark. |
... |
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