White Coat Investor Podcast

MtoM #108 - Hospitalist Pays off $350,000 in 18 months

Mar 6, 2023
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ANECDOTE

Paid Off $350K In 18 Months

  • Khadija brought $350,000 of student loans into the marriage and prioritized paying them off first.
  • Within 18 months they eliminated the balance by directing nearly all income and windfalls to repayment.
INSIGHT

Use Pauses And Windfalls Strategically

  • Pandemic loan pauses and low interest created an opportunity to hold cash while earning yield before final payoff.
  • They used windfalls and disciplined cash flow to build a ready payoff balance during the pause.
ANECDOTE

Family Help Lowered Living Costs

  • Donish received help from his father who bought a paid-off Manhattan one-bedroom, drastically lowering housing costs.
  • They funneled nearly every remaining dollar to loans while still funding occasional travel and dining.
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