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White Coat Investor Podcast
MtoM #103 - Anesthesiologist Pays Off $369,000 in Four Years
Jan 30, 2023
22:29
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An anesthesiologist pays off $369,000 student loan debt in 4 years. They discuss strategies for paying off student loans, including refinancing. The impact of family and homeownership on loan repayment. Managing finances as a doctor and advice on handling windfalls.
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Quick takeaways
- Paying off $369,000 in medical school debt within four years requires financial sacrifice and prioritizing debt elimination.
- Clear communication with loved ones, early engagement with a fiduciary financial advisor, and maintaining a balance between financial goals and personal enjoyment are key to successfully paying off student loans.
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Anesthesiologist pays off $369,000 in student loans
In this podcast episode, the guest, Evan, shares his achievement of paying off $369,000 in medical school debt within four years, surpassing his original goal of five years. He discusses the factors that contributed to his accelerated payoff, including working with a financial planner, selling a house, and refinancing his loans. Despite being married with two children, Evan's determination to eliminate the loans led him to make financial sacrifices and prioritize paying them off as quickly as possible. He highlights the importance of clear communication with loved ones, early engagement with a fiduciary financial advisor, and maintaining a balance between financial goals and personal enjoyment along the journey.
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Discover
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