MtoM #166: Family Docs Pay Off $705,000 in Student Loans and Finance 101: Rich Dad Poor Dad

Apr 15, 2024

A dual physician couple in California paid off $700,000 in student loans by living frugally and focusing on debt. They discuss their financial journey and how they achieved freedom. The podcast also delves into earning money through surveys and the benefits of diversifying investments.

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Introduction

00:00 • 2min

Overcoming Massive Student Loan Debt Together

01:52 • 13min

Financial Journey and Book Critique

14:26 • 5min

Exploring Assets, Investments, and the Cash Flow Quadrant

19:11 • 3min

Exploring Pathways to Financial Freedom and Diversifying Investments

22:09 • 3min

Earning Money Through Surveys and Celebrating Financial Milestones

25:15 • 2min

This dual physician couple has paid off over $700,000 of student debt only four years out of training. They are both family docs living in California. They had the great insight that when you choose to live in California you need to view your cost of living as your luxury item. How did they do this so quickly? They lived frugally, got rid of their expensive car and dove into tackling their debt with extreme focus. They feel liberated after getting rid of that debt and love the flexibility they now have. After the interview we will be talking about Rich Dad Poor Dad for Finance 101.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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