MtoM #146: Urologist Pays Off $300,000 in 2 Years and Finance 101: Contribution Limits

Nov 27, 2023

A urologist paid off $300,000 in student loans in 2 years by allocating half their income for repayments and investing in recommended vehicles. The speaker also discusses loan forgiveness, geographic arbitrage, and the impact of financial literacy. Plans for the extra income include investing for financial independence, giving back, and enjoying life. The podcast also covers contribution limits for retirement accounts in 2024.

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Introduction

00:00 • 2min

Paying off $300,000 in Student Loans in Two Years and Investing for Wealth

01:34 • 2min

Loan Forgiveness and Geographic Arbitrage

03:05 • 4min

Paying Off Student Loans and Planning for the Future

07:33 • 5min

Achieving Financial Success and Contribution Limit Updates

12:46 • 6min

This doc has paid off $300,000 of student loans only 2 years out of training. He put nearly half of his income towards his loans every month. Not only was he paying big bucks towards his loans but he also started his emergency fund and maxed out a 403(b), 457(b), and invested in an HSA and brokerage account. He became financially literate in med school and the rest is history! Stick around after the interview for a discussion about contribution limits for Finance 101.

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