WCI #137: Inspiration to Crush Your Student Loans
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 19 December 2019
⏱️ 60 minutes
🧾️ Download transcript
Summary
We want to inspire you to crush your student loans. One of the worst parts of being a doctor, dentist, or attorney is this massive student loan burden that you have to build your early financial life around. When I speak to groups of residents or medical students, almost all the questions are about student loans and student loan management. In this episode we interview 6 listener who have paid off their 100K+ student loan debt burden in less than 5 years. They did it with a range of incomes and amounts of student loan debt but you will notice some similar themes throughout the interviews. See the full transcription here https://www.whitecoatinvestor.com/classic-blog/
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who’s just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you’re further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. 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 is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.0 | This White Coat Investor Podcast |
| 0:20.0 | number 137, some inspiration to crush your student loans. |
| 0:24.0 | At some point in our financial lives, it will be time to buy a home. |
| 0:27.4 | A physician mortgage can be a good vehicle for a young doctor who's just out of school |
| 0:31.6 | and has a more effective place to use their money than on a big down payment. |
| 0:34.6 | These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. |
| 0:40.9 | But if you're further advanced in your career or deeper into your journey to financial freedom, |
| 0:45.4 | buying a home with a conventional mortgage and then later on, potentially refinancing that |
| 0:49.5 | loan to a better rate with a shorter time frame could be a great move. |
| 0:53.0 | Wherever you are in your financial journey, |
| 0:55.0 | make sure you use the mortgage that will be most financially beneficial for you. |
| 0:59.0 | Hop over to our recommended tab to learn more about all of your mortgage |
| 1:02.0 | and refinancing options at whitecode investor |
| 1:04.8 | dot com slash mortgage. You can do this and the white code investor can help. |
| 1:09.7 | Our quote of the day today comes from 21 pilots who said out of student loans and |
| 1:13.8 | treehouse homes we all would take the latter and isn't that true and that's what |
| 1:18.1 | we're going to talk about today we're going to be talking about all about |
| 1:20.9 | student loan refinancing. |
| 1:22.8 | And one of the worst parts of being a doctor, a dentist, |
... |
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