White Coat Investor Podcast
MtoM #173: Hospitalist Pays Off Student Loans in 2 Years and Finance 101: Buying a House as a Resident
Jun 3, 2024
A hospitalist paid off $155,000 in student loans in just 2 years while balancing wealth-building and enjoying life. The podcast also covers topics like buying a house as a resident and the importance of disability and life insurance for physicians.
19:52
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Quick takeaways
- Aggressive student loan repayment balanced with personal enjoyment is key to financial success.
- Debt freedom enables opportunities for real estate investments and wealth-building strategies.
Deep dives
Achieving Student Loan Debt Freedom
Our guest, a hospitalist, shares how he diligently paid off $155,000 of student loan debt in just two years. Through a combination of a scholarship and focused budgeting, he managed to reduce his debt burden considerably below the national average for medical graduates. By saving half of his net income in a high-yield account and avoiding loan forgiveness programs due to changing circumstances like COVID, he strategically eliminated his debt before interest rates increased.
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