The Passive Income MD Podcast #61: How to Manage Your Student Loan Debt with Jim Dahle
Jun 28, 2021
Jim Dahle, an emergency physician and founder of The White Coat Investor, dives into the intricate world of student loans for healthcare professionals. He discusses the soaring student debt levels and the common mistakes physicians make, such as refinancing blunders and mischoosing repayment plans. Dahle also shares insights into his new company that offers personalized student loan consultations. With practical advice on when to seek help, he emphasizes the importance of managing loans early in one's career to pave the way for financial freedom.
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Grand Canyon Reset
- Jim Dahle spent three and a half weeks floating the length of the Grand Canyon and disconnected from work.
- The trip allowed him to completely unplug and rejuvenate before returning to White Coat Investor duties.
Outreach Is Core To WCI
- White Coat Investor uses outreach like free books to students, scholarships, and awards to give back.
- These efforts expand reach and help educate early-career professionals about finances.
Rising Debt And Complex Rules
- Student debt burdens are worse in many professions but are rising for physicians too, with averages over $200k.
- Complex repayment and forgiveness rules make management crucial to avoid large losses.
