WCI #5: Paying Down Student Loans Versus Investing
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 27 January 2017
⏱️ 18 minutes
🧾️ Download transcript
Summary
Paying Down Student Loans Versus Investing -- What Should You Do?
Ahhhhh….you've finally made it. 4 years in college, 4 years in medical school, 3-5 more in residency, and 1-3 more in fellowship and you're finally making the big bucks. You've just started getting your first 5 figure paychecks and you feel like you have some money that you don't need to spend on this month's necessities. You've got a couple hundred thousand dollars worth of student loans hanging over your head, a big mortgage, and even a little bit of credit card debt. But you're also looking at a huge tax bill, and besides, you don't want to work forever, so you've been studying up on 401Ks and IRAs. How do you decide when to pay down loans and when to invest? Dr. Dahle will walk you through all the factors that go into this decision and give you some recommendations and a list of financial priorities. He also answers readers' questions about tax loss harvesting and emergency funds.
If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful, actionable information NOT AVAILABLE on the regular blog posts. It's almost like being in a secret club - the kind of club that can boost your knowledge and enhance your wealth at the same time - with no strings attached. Visit https://www.whitecoatinvestor.com/newsletter to sign up today. 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!
Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter
Transcript
Click on a timestamp to play from that location
| 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's your host, Dr. Jim Dolly. |
| 0:14.0 | Welcome to the White Coat Investor Podcast number five. |
| 0:21.0 | If you're finding our podcast informative and helpful, we would |
| 0:24.8 | encourage you to sign up for our monthly newsletter. It is totally free and |
| 0:28.2 | includes useful, actionable information not available on the regular blog post or this podcast. |
| 0:34.8 | It's almost like being in a secret club, the kind of club that can boost your knowledge and enhance |
| 0:38.3 | your wealth at the same time with no strings attached. |
| 0:41.6 | Sign up today at white code investor.com slash |
| 0:43.8 | newsletter. You can do this and the white code investor can help. Thanks a lot for |
| 0:48.2 | those of you who've been listening and telling others about this podcast |
| 0:51.0 | and we're really having a great time doing this. Please continue to send your feedback |
| 0:54.7 | and any questions you may have that you want answered on the podcast and be sure to give us a great |
| 0:59.0 | rating so that we can share this message with as many other high-income professionals as we can. |
| 1:04.0 | Remember that I'm not a financial advisor, an attorney, or an insurance agent, |
| 1:08.0 | and nor an accountant. |
| 1:10.0 | And so remember the information you get here is for your entertainment and educational purposes only. |
| 1:14.5 | Be sure to verify with a reliable source any information you get here before acting on it. |
| 1:19.2 | Probably driving into work or home from work at this point and I want you to know that what you did today or what |
| 1:24.7 | you're about to do today actually matters. |
| 1:27.3 | Sometimes it feels like it doesn't when you're slogging through your work, but it's an important benefit to those in our society, particularly those of you are working |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.