WCI #138: Managing Student Loans and When to Pay for Advice
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 26 December 2019
⏱️ 65 minutes
🧾️ Download transcript
Summary
There is a huge issue with student loans in our country today. I think it is currently at $1.7 trillion. That is almost half of the annual federal budget. One out of six Americans over the age of 18 have student loans. We have discussed many times on the blog and podcast the huge student loan burdens that physicians and dentists are dealing with. In this episode I interview Travis Hornsby, a student loan expert at https://www.studentloanplanner.com/wci. We have a great discussions about unique ways to manage your student loans and techniques that you have probably not heard of before. We talk about who needs to seek out formal student loan advice and who probably doesn't. Managing your student loans takes into account retirement contributions and how you file your taxes. It can be very complicated and advice from the professionals at https://www.whitecoatinvestor.com/student-loan-advice/ is just a few hundred dollars but can likely likely save you thousands of dollars in interest and other costs associated with your loan. Listen to this episode to learn techniques for managing your loans and to better understand whether you need to seek professional advice for your student loan burden.
Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep dives into topics for more in depth learning. You can even learn all about real estate with webinars from our real estate partners. Check out all this and more at https://www.youtube.com/thewhitecoatinvestor. 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 is White Coat Investor, podcast number 138. |
| 0:21.0 | Student Loans, When to get advice. |
| 0:24.0 | It's good to have you back. |
| 0:25.0 | Thanks for listening to the White Coat Investor Podcast, and thanks for what you do. |
| 0:29.0 | You're probably on your way into work, hopefully you're on your way home, |
| 0:32.0 | but either way, if nobody thanks you today, let me be the first. |
| 0:36.0 | Love what you hear on the podcast. Looking for more great white code investor content, head over to our |
| 0:41.2 | YouTube channel, where you can watch video recordings of our |
| 0:43.4 | podcast, short snippets of financial tips explained succinctly by me and others, and deep |
| 0:49.2 | dives into topics for more in-depth learning. You can even learn all about real estate with webinars |
| 0:54.1 | from our real estate partners. Check out all this and more at YouTube.com |
| 0:58.4 | slash the white code investor. You can do this and the white code investor can help. |
| 1:03.0 | All right, let's do our quote of the day. |
| 1:05.0 | This one comes from Bill Gross, that famous Bond Fund manager, |
| 1:08.0 | who said, |
| 1:09.0 | Jack Bogle's early business model at Vanguard promoting index funds was a mystery to me for at least a few of my beginning years at PIMCO. |
| 1:16.1 | Why would most investors be content with just average performance I wondered? The answer is certainly now obvious. |
| 1:21.6 | Isn't that the truth? |
| 1:23.0 | And thank you to Vanguard for really implementing the low-cost index fund solutions. |
... |
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