How Long Did It Take You to Pay Off Your Debt?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

It was negative 50k mostly in credit card and car, car loan. I didn't know much about finances back then. So I got exposed to white coat investor podcasts at the end of my fellowship,. And then I realized I need to make some changes. The first thing I did was paid off the 50k and debt and then started contributing to the retirement accounts. Once they got maximized, then I put them extra money in the brokerage. It's been three and a half years since that happened.

This cardiologist became a millionaire just 3 1/2 years out of residency. He shares with us his tips for how he achieved this milestone - live on less than you make, get rid of debt, and invest the rest. He said that managing your finances well in your early attending years can more than compensate for any financial mistakes made through the training years. Want to become a millionaire? Learn how to here: https://www.whitecoatinvestor.com/everyone-a-millionaire/

The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. We call it an introductory course because there is always more to learn. But this is no short, superficial course. There are over 200 lectures and videos adding up to more than 27 hours of content by over 15 different instructors. We think it just might be the best real estate course on the planet. Continue your wealth-building journey today with the No Hype Real Estate Investing course at https://www.whitecoatinvestor.com/courses. 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!

Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones

Main Website: https://www.whitecoatinvestor.com Student Loan Advice: https://studentloanadvice.com YouTube: https://www.whitecoatinvestor.com/youtube 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