Taking out student loans to invest

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hmm interesting take. So who is doing the triaging to determine whether a patient’s medical problem is worthy of being evaluated by a physician versus...

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This.

The whole medicinal marijuana business is simply a roundabout way of accessing high quality buds legally since our government continues...

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From my observation, the only physicians that are comfortable with midlevels are those that are profiting directly from their employment. Continue selling...

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Wine - Clos du Bois Chardonnay for $7.77 from my local wine store. Not a wine critic and purposefully preventing myself from diving into that expensive...

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It sets a precedent. What do we do in 5 years when the next round of graduates have insurmountable debt? Forgive again? I wouldn't put it past every school...

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As somebody holding >300k in student loans and still in training, the idea of additional forgiveness beyond the current interest freeze scares me....

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Yes, that is correct. You would have $0 monthly payments during your intern year while enrolled in REPAYE.

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Thinking of doing the same for our upcoming wedding. How did you advise guests that wanted to give a gift to just give cash?

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Not a sophisticated analysis by any means, but meta’s P/E ratio is now 15. AMZN is 50. TSLA is 188. Which company’s price is the most attractive?...

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I don't stock pick, but I'm really itching to buy some meta at this price point. A drop of 42% from ATH seems like a massive market overreaction to m...

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Same...

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Being a physician is still an incredible financial move in my opinion. I think there is a gross over exaggeration of how easy it is to make a comparable...

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I remember when I created a twitter account....

I was applying to residency. Thought it would be a good idea to follow some twitter accounts...

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Can't provide any suggestions since I'm too distracted by, "Expenses: 30-40k/year"

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I'm amazed that he got away with this.

I live in an apartment complex with multiple buildings with the same unit numbers (aka multiple unit...

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Is that the best that you can find? Have you checked with laurel road and applied all discounts to your rate (direct deposit, ACH transfers, etc.) I got...

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Let’s imagine a medical student, Joe.

Joe is a fourth year medical student with minimal debt. Joe has been offered federal loans to cover...

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I thought that if you consolidated loans after making payments then the 10-year payment clock would reset? So you would go from 75/120 payments to 0/120...

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I would definitely keep the car.

If I were you, I would sign up for a hotel credit card (like the Chase Hyatt), meet minimum spend (3k in...

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I'm with you...

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Your risk tolerance has clearly led to great unrealized gains, as of now. I agree that everyone may benefit from holding "some bitcoin" or even...

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My cards: Chase Freedom, Chase Freedom Flex, Chase Freedom Unlimited, Chase Sapphire Reserve, American Express Blue Cash Everyday Preferred, Citi Premier,...

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Asking the real questions....

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Your risk tolerance is incredible. I seriously hope for the best for you, but I'm concerned that this will eventually not end well....

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Well after all of this time, Covid has finally rained down on my family.

About two weeks ago, vaccinated mother who lives in Northeast got...

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I'd argue that race, ethnicity, and religion would be best removed entirely from one's application to medical school and residency. Yes, this would not...

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Maybe OP is actually an optometrist

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A quick glance at MGMA data from 2018 shows salaried ophthalmologists (not partners) make a median of $345,172 to $416,356 depending on area of the country....

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I'm curious how your loan rate is so low.

Fixed 10-year rate of X - 0.55% discount with ACH direct deposit more than 7.5k monthly - 0.25%...

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Welp. After watching this thread since its inception, I have finally made the plunge (albeit small) into crypto. 50/50 BTC/ETH purchased through coin...

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This thread reminds me of the first time I read The Millionaire Next Door and actually lol'ed.

Dr. North reportedly spends $9,000 annually...

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My hair is thick and healthy, but I always get jealous of the look of a bald guy rocking a beard....

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I'm curious if this is to improve adherence to using the product. Topical minoxidil isn't exactly the easiest medication to use as instructed....

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Another way to frame your situation.
-You have a net worth of 1.6 million two years out of residency with a guaranteed future income of what seems...

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This ^^

I highly doubt that OP will be able to negotiate a significantly better deal than her current salary. Seven people before her literally...

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Don't worry jacoavlu 's only contribution to the White Coat Investor forum is criticizing in a condescending way essentially every post in this forum....

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Respectfully, I'm surprised that you, an oral surgeon, are getting "asked all the time" about injecting Botox. I would have never thought this...

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You currently save 60% of your gross income (which is crazy impressive.) You have plenty of room to spend. I think this home is perfectly acceptable for...

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I'd argue that Andrew Yang didn't put any more thought into it than you did. The proposal that giving exactly one thousand dollars, every thirty days,...

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I'm genuinely curious how you came to the conclusion that gifting specifically 1k/mo/person will contribute positively to the economy....

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I so agree with this. I currently live in a LCOL area and have been on the fence about moving to one of the most expensive cities in my state. I've been...

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You can charge whatever price your customers are willing to pay....

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As if our system wasn't already designed enough to discourage medical professionals from seeking out psychiatric care. I'm sorry to hear of your situation...

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Powerball prize is climbing. Anyone getting tickets?

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Exactly. The 'centering' of the card is a big factor. If the border on any side of the card is too thick or thin then it will not receive a perfect grade....

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Exactly. This is why the old pokemon cards are so valuable. Nobody was taking care of their cards in 1999. Over the years, people began to realize that...

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I was expecting your parents to really NEED help from you. Sounds like they’ve done a great job saving throughout the years and should have a pretty...

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PSA 10 - $8,600 sold in August
PSA 9 - $1,225 sold a few days ago...

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Do you have any cards with a 1st edition stamp at the bottom left corner of the picture of the pokemon? If so, posts pictures of the cards here and I...

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I'd be very tempted to choose option 2, invest aggressively as if I was pursuing FIRE. After several years of employment, I'd be a more efficient and...

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While routine experiences may often provide more happiness than routine material things, I don't buy into the notion that splurging on experiences provides...

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What brand of raw denim?...

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I'm currently a resident, interested in setting up my own general dermatology practice after completing residency. I was curious to hear of others' experiences...

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Contribute 6k as lump sum immediately to Roth 401k. Time in the market > timing the market. I imagine that you are not taking out loans since you're...

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your opinion is wrong...

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I imagine that the majority of EM programs would be willing to accept a board certified internal medicine physician. Although you mentioned why you want...

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I agree. That's why I suggested (as seems to be the unanimous recommendation so far) that she needs to continue working to at least 65. As long as she...

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Just keep the few thousand of savings in a checking/savings account, it really doesn't matter. Your husband's future income should be used for your living...

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I think this board often has incredibly skewed perceptions of the average American's retirement situation. Here, we have a single woman with a current...

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What is the value of a 1-year-old, 16" MacBook Pro? Request a refund of that amount from the seller. I can't imagine that this could be spun as an...

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I actually had one of these patients earlier this week. She could not comprehend why she was having trouble breathing, coughing, requiring oxygen. She...

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Anyone else dealing with antivaccine/covid conspiracy theories within their family? How are you handling it?

My fiancé's parents who have...

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Allen Edmonds are beautiful shoes. You can even purchase them for less if you get "factory seconds." These are shoes with minor defects that...

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Does one of you truly need to spend all day, every day of the week "working on marketing/admin/etc." Your practice is incredibly small at this...

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If you were to refinance today, I would just pick the refinance option offering the lowest rate. There would be no reason to choose the five year (2.74%)...

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As mentioned previously, why don't you just refinance your 250k in loans?...

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I don't think that it is accurate to use WWII stories and Navy Seal training as a representation of what the average American soldier experiences in ...

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As a curious soon-to-be derm: What region of the country is this job located? Four or five days per week? Partnership track? % collections? Seems like...

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Currently an intern, and I'm shopping around for car insurance for the first time. I've read several past threads and want advice on the current quote...

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Only received one acceptance. Applied to 23 programs but withdrew from every school that was lower tier and the same price as my lone acceptance. Hoped...

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Good theory, but the data was controlled for age so probably not that either....

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That's the problem. I assume that I will be insurable in four years, but my crystal ball is cloudy. Guess I'll just take the risk and go without it for...

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Thank you all for the thoughtful feedback. Based on everyone's input, I will hold off on getting an individual term life policy and just stick with my...

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VTSAX and relax...

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New intern here (salary of 50k/y), planning to purchase term life insurance in the next few weeks. I'm currently engaged (finace will be making ~80k/y...

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As stated previously, you would need to invest 100% of the difference to have the possibility (not guarantee) of coming out ahead with the 10-year plan...

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My soon-to-be FIL, a captain, argues that airplane ventilation systems are not as great as the public likes to believe. He doesn't put any stock in them...

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Those wearing a mask while alone in their car probably often have a reason. Rideshare drivers and some food delivery services require drivers to wear...

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I would 100% endorse a soda for 1million. I would just need to confirm that I'm only required to make factual claims about the product, like "zero...

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I saw a gentleman a few months back wearing an N95 while kayaking in the middle of the intracoastal by himself....

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100% this...

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The question whether to pay off loans vs. invest can be boiled down to whether or not you will invest the difference (the money that otherwise would have...

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Can't moonlight as an intern....

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I've definitely met some very interesting people. One of my favorite riders was a psychiatrist who I took to an airport two hours away. Also met a guy...

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I drove for Uber and Lyft, a lot. Still do a little bit as a resident. If you're really interested, I suggest at least signing up for both apps. Super...

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1. Insanely negligible to no financial benefit.

2. Can be very inconvenient, even if only on rare occasions.

3. Unexpected extensive...

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Can you drop the NWM 1mil 50yr term life insurance policy now? No reason to pay higher premiums just to cancel a plan that you realistically can get rid...

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Burritos

CT Done...

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Congratulations on your recovery! I, too, remember the argument I had with my northwestern mutual agent upon cancelling my whole life policy. Luckily...

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One of the best things to ever happen to me was getting rejected from my dream college. Tuition would've cost me ~60k/y + living expenses, but I didn't...

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There's a reddit page for everything lol...

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Do you have adequate disability and term life insurance? Renting a place for the two of you for $1300/mo after all expenses? Seems like a VLCOL area or...

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I've genuinely never understood the concept of an emergency fund for physicians. Though, I strongly agree with having a specific emergency plan.

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Not to be the bearer of bad news, but the fact that you attend a smaller medical school will be a major factor in your ability to match ortho at a top-tier...

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You should definitely be able to take out all 10k as unsubsidized loans for just the spring semester. Contact your school's financial aid department to...

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To add on to what everyone else has already stated, do not take on unnecessary debt with the intent to pay it off with PSLF. You have no clue which specialty...

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Yes you carry very low interest debt, but you've proven that you invest the difference. Remind me, how much of your gross income have you contributed...

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Nothing that you are doing has supported this claim.

- Personal student loan debt >1x your income
- Wife's student loan debt >1x...

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I could've wrote this myself. Grandparents were very wealthy, but I wouldn't say frugal. My father did not make anywhere close to what his father made,...

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I don't yet have children, but I actually thought about this often while in medical school. Interestingly, all of my classmates from very wealthy homes...