I owe $200,000 or $400,000 in student loans. That's part of me. If you like me, that's what's coming with me, you know. And I think that worries a lot of people, to reveal that sort of thing. So going forward, I still have a year and a half more of residency to finish. The plan is to buy a house because we just had a three month old baby. In Manhattan, one bedroom's not enough space for a single guy who was good enough.
This hospitalist tackled her $350,000 of debt in only 18 months. This physician duo got on the same financial page early in their relationship. They both agreed to live like residents and allocate everything extra to the loans. Despite living in costly Manhattan they were able to pay down the debt while still doing some travel and eating out and having some fun along the way. Their advice to you is to make a clear goal and then stick to it and to have these important financial discussions early on in your relationship.
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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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