White Coat Investor Podcast MtoM #220: Family Physician Millionaire Receives PSLF and Finance 101: Long Term Bonds
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Apr 28, 2025 A family physician celebrates impressive financial milestones, including exceeding $1 million in net worth and mastering student debt through Public Service Loan Forgiveness. The key to his success? A relentless pursuit of side gigs! The discussion also dives into long-term bonds, exploring their risks like interest rate fluctuations and inflation. Listeners gain insights into effective salary negotiation and learn the importance of financial literacy and proactive planning in building wealth.
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Family Doc's PSLF Success Story
- Brody achieved Public Service Loan Forgiveness (PSLF) in December after about 8 years.
- He started with $270,000 debt that grew to $330,000 and only paid about $50,000 out of pocket.
Side Hustles Boost Income
- Brody increased his income through side hustles like ER shifts and hospice work.
- He started moonlighting in residency and kept adding income streams while growing his main salary.
Advocate for Your Worth
- Always negotiate your salary and be prepared with market data and offers from other employers.
- Use public salary data like nonprofit 990 forms to boost your negotiation leverage confidently.
