Broadcasts.com - "YFP 262: How Two Pharmacists Paid Off $250k of Student Loan Debt" (Your Financial Pharmacist)

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YFP 262: How Two Pharmacists Paid Off $250k of Student Loan Debt

Published: June 30, 2022, 9 a.m.

Kristen & Nate Hedrick to discuss their journey in paying off $250k of student loan debt, their motivation and why for aggressively paying off the debt, and the role a side hustle and real estate investing played to help them achieve their goal.

Key Points From This Episode

Kristen\\u2019s background, how she ended up in pharmacy, and what she\\u2019s doing now.
What their student loan debt looked like at its peak.\\xa0
How student debt can creep up and surprise you.\\xa0
The initial feelings the couple had towards their debt and their plans to pay it off.\\xa0
What motivated our guests to come up with an aggressive plan for paying back their debt.\\xa0
How a life-changing event (and a book) in 2016 changed everything.\\xa0
The global pandemic as a moment of inspiration.
What they had to change in their lives to be able to make the monthly repayments.
Paying off debt now versus investing for the future.
The way the couple used \\u2018double motivation\\u2019 to reconcile an age-old debate.\\xa0
How our guests were able to raise a child, invest, and pay off a huge debt at the same time.
Nate\\u2019s decision to pursue real estate investing and what that meant for their debt repayments.\\xa0
The approach the couple has taken to make real estate investing work for their family.\\xa0
Other strategies that helped to pay off the debt aside from cutting expenses and real estate investments.\\xa0
The benefits of receiving objective, third-party advice.\\xa0
What life is like now after paying off their massive debt.
How paying off the debt helped Nate make an important career decision.
Kristen\\u2019s advice for the pharmacist struggling with debt.\\xa0
Nate\\u2019s parting words of wisdom.\\xa0

Links Mentioned in Today\\u2019s Episode