MtoM #140: Vascular Surgeon Lives Like a Resident and Finance 101: Car Insurance
Oct 16, 2023
Discover how a vascular surgeon achieved financial milestones by living like a resident. From paying off student loans to buying cars with cash and maxing out retirement accounts, she shows that growing wealth doesn't require a high income. Stick around for a finance 101 discussion on car insurance, including the importance of increasing liability coverage and understanding comprehensive/collision insurance.
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Early-Career Vascular Surgeon And New Mom
Danielle is an academic vascular surgeon about four years out of training living in the Southeast. She and her husband welcomed their first baby in December and balance family with finances.
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Student Loans Forgiven And Millionaire Milestone
Danielle received Public Service Loan Forgiveness for part of her loans and paid off the rest herself. She hit a net worth milestone of $1,000,000 three days before turning 38.
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How Loan Type Choices Hurt PSLF Eligibility
Danielle borrowed for all of her graduate and medical education and initially ignored loan details. She later learned loan types and consolidation choices mattered for PSLF eligibility.
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Our interview today is with a doc who has mastered the art of living like a resident. She shows us what working hard, saving and advocating for yourself can do for your finances. She has paid off her student loans, bought some new cars with cash, maxed out her retirement accounts, and purchased a new home! She works in academics and shows us that you don't have to make one million dollars to grow your wealth rapidly. Stick around after the interview for our finance 101 discussion on car insurance.
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