MtoM #191: Cash Flowing a Medical and Doctorate Degree and Finance 101: High Yield Savings Accounts
Oct 7, 2024
An inspiring couple shares their journey of cash flowing through medical and doctoral degrees without incurring debt. They accomplished this through creative strategies like dog breeding and living rent-free while focusing on teamwork and support. With a net worth of $1 million right out of training, they emphasize financial independence. The discussion also spans high-yield savings accounts, exploring how they outshine traditional options and offering tips on squirrel funds for managing future expenses.
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question_answer ANECDOTE
Debt-Free Medical And Doctorate Journey
Jacob and Jacqueline cash flowed both his medical school/residency and her doctorate degree and reached over $1M in assets shortly after training.
They credit teamwork, creativity, and faith for accomplishing this unusual feat without family handouts.
question_answer ANECDOTE
Choosing A Different Path Than Service Corps
After marriage Jacob initially considered the National Health Service Corps but they prayed and chose a different path to stay free to pursue any specialty.
They rejected the service program and committed to finding other ways to fund training without that constraint.
question_answer ANECDOTE
Living Rent-Free By Renovating Homes
They negotiated rent-free living by renovating an abandoned house in exchange for labor while attending school and working shifts.
Jacqueline often returned from night shifts with only a couple hours to sleep to keep renovating and studying.
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We have an incredible and inspirational couple on today. These two cash flowed both his medical school and residency as well as her Doctorate of Nurse Practitioning. They were committed to doing whatever it took to get through training debt free. They bred dogs, lived rent free in exchange for renovating whatever home they were in, ate from their garden, worked as many shifts as possible and more. These two leaned on each other for support as they accomplished their goal. Now fresh out of training they already have a net worth of $1 million. After the interview we will be talking about high yield savings accounts for Finance 101.
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