MtoM #75 - Postdoc Pays Off High Interest Debt

After not matching and doing a year postdoc before now being accepted into anesthesiology residency, this doctor accumulated $26K in credit card debt, mostly for the payment of his wedding. We celebrate with him today that he has paid off all of that high interest debt. With a $48K income as a postdoc and interest rates on the cards between 26-29% it was way harder than he thought! If you have debt hanging over your head here are some guiding principles for managing it: https://www.whitecoatinvestor.com/ten-guiding-principles-for-physician-debt-management/ 

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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 for 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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