White Coat Investor Podcast

MtoM #60 - Captain Pays off $269K in 2 Years

Apr 4, 2022
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ANECDOTE

Multiple Income Streams Accelerate Payoff

  • Dan used multiple income sources including relocation stipend and retention bonus to pay loans.
  • They paid $4,000 monthly plus bonuses towards the loan principal aggressively.
ANECDOTE

Paying Loans Off During Deployment

  • Dan paid off his student loans while deployed overseas.
  • He celebrated by paying off the last payment remotely and sharing the moment with his wife.
INSIGHT

Personality Shapes Loan Strategy

  • Comfort with debt dictates the approach to paying off loans.
  • Paying off loans quickly grants long-term financial freedom especially for debt-averse people.
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