In this engaging discussion, Todd Gandy, a pulmonary and critical care physician, shares his incredible journey of paying off $297,000 in student loans in under five years. He reveals the transformative moment that spurred him into financial action and how he became a millionaire well before his goals. Todd emphasizes the importance of financial literacy, goal-setting, and the impact of open conversations about money in marriage. The conversation also touches on empowering the next generation with financial knowledge for their future success.
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Rapid Loan Repayment Journey
Todd James paid off $297,000 in student loans within about five years after finishing training.
He refinanced, saved aggressively, and hit his goal a year early before turning 40.
insights INSIGHT
Small Daily Learning Yields Big Change
Ten minutes a day of focused financial learning can change your mindset and actions.
Small, consistent education led James to prioritize paying debt and pursuing financial independence.
question_answer ANECDOTE
Informal Money Talks At Home
Todd and his wife never held a formal, comprehensive financial goals meeting.
They learned gradually and are still working on a written plan together.
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Today we talk to a Pulmonologist who paid off nearly $300,000 of loans in less than 5 years. He shares that he initially operated under the ignorance is bliss mindset and opted to avoid worrying about his loans at all. Once he had a bit of a financial awakening, got married and started a family he realized he needed to get after the loans and take control of his financial life. He then made a goal to pay off his loans by age 40 and happened to accomplish that goal early. He shows that all it takes is a plan, and even if you get started a little late you can always become financially successful. Not only has he paid off his loans but he has also become a millionaire. His next goal is to reach financial independence by his mid 50s. After the interview we talk about how to pay for school for Finance 101.
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