Most physicians have some form of debt at some point in their lives. That might be the student loans that put you through medical school, or it might be the mortgage on your doctor home to which you treated yourself after you finished residency.
Debt hinders my ability to be less reliant on my career. Debt further hinders my ability to live how I see fit despite having an appropriate emergency fund, appropriate insurance coverage, etc.
One factor that will determine your ability to be successful with debt elimination is gauging your aversion to it.
We often prioritized ‘financial date night,’ and long walks discussing our progress, but the fact remained; the majority of our loan repayment goals were financed through her.
A healthy marriage can make the journey of debt elimination exponentially more enjoyable. You have one another to lean on and motivate you, a built-in hype man or hype woman.
Your career can act as a two-sided coin when it comes to influencing debt elimination. There are a few important aspects to touch on.