Why Paying Student Debt Will Make You Poor [Limitless MD, Episode 55]

Episode55

A quick but useful episode today: Vikram Raya recognizes the substantial debt that most medical students graduate with and how it can feel overwhelming. He flips the take on it and makes an excellent point—most would not have been able to go to medical school without it. Understandably, most want to pay the debt off as soon as possible and be done with it. In this episode, Vikram puts forward a different strategy, one that will help you reach your goal of financial freedom faster. This is not one to miss.

“To be honest with you, if you didn’t have the debt, you couldn’t have gone to school, right? Thankfully, someone loaned us the money… to go through all this education essentially for free.” 

– Vikram Raya

 

In This Episode:

00:00 Welcome back to another episode of the Limitless MD podcast

1:54 The debt you come out of medical school with can be tremendous

3:25 The concept of arbitrage and how your money can be better spent

3:50 The argument for taking as long as you want to pay off your student debt

5:29  Vikram’s suggestion on how to manage your student debt

5:58 Outro

 

 

Resources:

Watch the Video Episode