A pathologist shares their journey from $600,000 in debt to a $500,000 net worth through PSLF and financial education. They discuss evaluating rental property investments with 5 key rules, including buying at the right price and maximizing returns.
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question_answer ANECDOTE
Pathologist’s Family Journey
Stel is a pathologist five years out of training practicing in Texas with a husband and two boys aged 10 and 8.
Her family has been part of her financial journey through residency and early attending years.
question_answer ANECDOTE
PSLF Timing Saved $288k
Stel received about $288,000 in loan forgiveness through PSLF after staying in academic public service long enough to qualify.
She narrowly timed her resignation to remain employed until forgiveness processed and was forgiven a day before starting a new job.
volunteer_activism ADVICE
Don’t Resign Before PSLF Is Final
Stay employed in a PSLF-qualifying public service job until you receive forgiveness to avoid disqualification.
Confirm you meet the 90-day active employment requirement before resigning.
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Our guest today is celebrating three big milestones. She has had a unique path to financial success including an intervention from her sister while she was in residency. When she got out of residency she was $600,000 in debt. 5 years later she has received PSLF, reached a net worth of $500,000 and paid off $120,000 in student loans. Once she realized the financial situation she was in she dove into educating herself and making the necessary changes to getting out of debt and growing wealth. Today for Finance 101 we will be giving you 5 Rules for evaluating a rental property investment.
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