MtoM #41 - Pediatrician pays off $300K in 3 years

Nov 22, 2021

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ADVICE

Focus Fully on Debt Repayment

Pause retirement savings temporarily to accelerate student loan repayment.
Set monthly and annual payoff goals to create momentum and motivation.

ANECDOTE

Rapid Debt Payoff Story

Doctor Sabrina Perino paid off $300K in student loans in just three years.
She and her husband had an average household income of about $200K during this time.

INSIGHT

Debt Payoff Momentum Effect

Lower debt balances create psychological momentum that makes repayment feel achievable.
Paying off big debt is a major sacrifice many don't want to repeat.

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In 3 years this pediatrician paid off $300K in loans with a 200K income. Motivated to get their schooling paid off so they could start saving for their children’s college education. They paused their retirement savings to really focus on getting rid of this debt as fast as possible. There are 10 reasons you should pay off your student loans quickly. https://www.whitecoatinvestor.com/10-reasons-to-pay-off-your-student-loans-quickly/

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