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The Physician Philosopher Podcast

MMM #12: Investing Waterfalls

Should you invest or pay off debt?  And, if you invest, what order do you invest your money?  While these are common questions, straight forward answers can be hard to find.  Let the investing waterfall help you sort it out.

What You’ll Learn:

In the twelfth episode of Money Meets Medicine, “Investing Waterfalls,” you’ll learn whether or not this is the right time for you to invest, and more, including:

  • Should your current focus be on your investments or your debt?
  • How the financial mistakes of my parents impacted my financial decisions
  • Are you “debt immune” or terrified to get into even a little debt
  • What is the proper “flow” of the investing waterfall?
  • Should you invest in your non-governmental 457 plan?

Resources from the Episode:

How Much Money Should I Be Saving Each Year?

Which Retirement Accounts Should I Use? The Order of Investing

Should I invest in my 457 plan?

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 Vivek Angandi:

“Is it financially worth it to rent cars for a long trip and preserve your owned rides?”

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]

TPP

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