Money Meets Medicine Podcast

MMM #10: The Good, Bad, and Ugly of Student Loan Management

The amount of times that I’ve seen really bad student loan management from doctors that I help is too numerous to count.  The fact is that there are some good ways to handle student loans, and some really ugly mistakes in student loan management that can cost people dearly.  Which group do you fall in?  The good, the bad, or the ugly of student loan management?

What You’ll Learn:

In today’s episode of Money Meets Medicine, “The Good, Bad, and Ugly of Student Loan Management,” you’re going to learn all about how to properly manage your student loans and more:

  • How (and when) to refinance your student loans to ease the burden
  • Common mistakes physicians make with their loans
  • How to use your debt to income ratio to figure out what to do with your loans
  • The tips and tricks of the student loan refinancing “ladder”
  • Everything you could want to know about PSLF

Resources from the Episode:

Top Student Loan Refinance Deals

Student Loan Refinance Ladder: A Case Study

Can I trust PSLF? The PSLF Side Fund

Student Loan Debt Statistics In 2019: A $1.5 Trillion Crisis

Loan Buddy

This Episode’s Sponsor

refinance student loansThis episode’s sponsor is Earnest, a student loan refinancing company.  If you refinance through the link provided on this podcast, you will receive a $500 cashback bonus for doing so, and you will also be supporting the Money Meets Medicine podcast when you do that.  It is a win-win-win. You can find out more information by visiting earnest.com/moneymeetsmedicine.

Listener Question of the Week:

Today’s listener question comes from Eliza Beth. She says,

“I would like some clarification on taxes in side gigs in relationship to solo 401ks. If you make 18k total in a side gig, how much can you put into a solo 401k pretax per yr to avoid taxes on that $”

Each episode, we are going to start including listener questions as they are provided to us.  So, if you have a specific question you’d like answered on the podcast reach out to us!  Email [email protected] or [email protected]



Submit a Comment

Your email address will not be published. Required fields are marked *

You might also be interested in…

Greed, FOMO, and Bad Investments

Greed, FOMO, and Bad Investments

Despite our best intentions, certain emotions can keep us from building wealth. After many years arming physicians with the information they need to achieve financial wellness, I had a significant realization.

Information is one thing – behavior is another.

As the saying goes, money is 80% behavior and only 20% math.

Not only do I want to share important information about personal finance, I also want to help you recognize how certain behaviors can (and do) affect your finances.

Drawing from one of the classic books about investing, let’s go over five common behaviors that could be keeping you from achieving your financial goals.

How Doctors Can Get Good Financial Advice

How Doctors Can Get Good Financial Advice

Many doctors and high-income professionals hire financial advisors for any number of reasons. Either they’re too busy to handle their finances themselves, they don’t really know how to invest, or they want an expert on their side to make sure they’re on the right track.

So allow me to say from the start: I’m not against financial advisors, but I am against doctors (or anyone, really) being overcharged for bad advice.

There’s no shame in asking for help – you just want to get the help you need at a fair price.

You should be equipped enough to vet and evaluate your financial advisor so you’ll know whether they’re working well on your behalf. How can you be as confident as possible they’re acting in your best interest? This episode will help you find out.

Dr. Peter Kim and Physician Entrepreneurship

Dr. Peter Kim and Physician Entrepreneurship

Have you ever thought about using real estate to reach financial independence, but you didn’t want to be a landlord?

Recently I sat down with one of my good friends and one of the OG partners of The Physician Philosopher. He’s an anesthesiologist, husband, father, entrepreneur, as well as a real estate and physician side gig guru – of course, I’m talking about Dr. Peter Kim.

One of the interesting things about Peter’s story is his transition from full-time practice as an OB anesthesiologist to stepping away from medicine and going part-time, to now his being on sabbatical. He’s not sure if that’s a permanent sabbatical or not, so we got to explore his thought process on that and his story.

So let’s dive into this discussion with Dr. Peter Kim and the intersection of all things entrepreneurship, side gigs, medicine, money, and real estate.

Need help getting disability insurance or student loan help from a company built by doctors, for doctors? Make sure to check out HelloAttend.com

Are you ready to live a life you love?