Stupid Debts and the Doctors Who Love Them

I’m a live and let live kind of guy, but I have to say I have a similar aversion to debt as the good Dr. Dahle. I’ve been debt-free for a couple years now.

[{"selector":"#anim-2c68a8ec-531b-4121-8f1e-e70254695b38","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85c59374-3a37-4e60-92da-141093413778","keyframes":{"transform":["translate3d(-128.30188%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

And it makes me happy despite the potential arbitrage that can come from keeping low-interest debt and investing the balance in the stock market. But that’s a discussion for another day.

[{"selector":"#anim-42465b06-afe1-4e7a-84ea-b91537639eca","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-21a470a9-6ad1-46eb-94b4-4f41458e875c","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

Stupid Debts and the Doctors Who Love Them

I’m often surprised to see doctors carrying debt that I see as completely unnecessary: 1. A Car Loan 2. Credit Card Debt

[{"selector":"#anim-b5c9b689-7a60-42ee-b893-5979cf2a73d2","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d9581f9-c55c-4401-9a7f-974cb7083d1e","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0bbbc4d7-bed1-4995-b785-cb4eb35e1266","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Another interesting combination is people who say they have an emergency fund and yet still owe money. As physicians, we generally have access to all kinds of credit.

[{"selector":"#anim-cc5d3da7-4dd7-463f-b870-88e38eb54c5c","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfc8fcbc-4481-4b34-a2dc-961d3093a793","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99f96989-f2b5-442d-9f39-75f801effa88","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

There seems to be this popular concept out there that encourages people to “manage” their debt so they can use it to get wealthy.

[{"selector":"#anim-131caadb-6024-4df5-a541-e62cbd3b769d","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c1031133-5d96-46f6-a78b-daba41db97eb","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a912d67a-f60b-454a-90dd-26f5d66ab44e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

The arguments look good. The idea is basically to borrow at 4% and earn at 8%. Mathematically, there is great truth there.

[{"selector":"#anim-fb2140ea-aec9-4e38-a9da-eac9e824a9aa","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f519508-4a37-489d-b6de-3435f27189b8","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-094dad25-c875-46de-a721-51c96303cd4a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Yet another area of silly physician debt is a long mortgage on your primary residence. You might be surprised to learn that nobody used 30-year mortgages prior to World War II.

[{"selector":"#anim-d376527f-26bc-4357-bd10-1409742eeb9b","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e54594fc-b1f0-4bc1-9f4c-08159add4119","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f507260b-db07-4173-8f1f-cde0492fc71e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

SWIPE UP NOW TO READ MORE

[{"selector":"#anim-c7d255d4-35dc-4b9f-9c3e-580cb69e6d39","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db0dc4c9-1f3d-40a4-b3ee-54d8d8140922","keyframes":{"transform":["translate3d(-116.50794%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

Stupid Debts and the Doctors Who Love Them

I’m a live and let live kind of guy, but I have to say I have a similar aversion to debt as the good Dr. Dahle. I’ve been debt-free for a couple years now.

And it makes me happy despite the potential arbitrage that can come from keeping low-interest debt and investing the balance in the stock market. But that’s a discussion for another day.

Stupid Debts and the Doctors Who Love Them

I’m often surprised to see doctors carrying debt that I see as completely unnecessary: 1. A Car Loan 2. Credit Card Debt

Unnecessary Debt

Another interesting combination is people who say they have an emergency fund and yet still owe money. As physicians, we generally have access to all kinds of credit.

An Emergency Fund and Debt?

There seems to be this popular concept out there that encourages people to “manage” their debt so they can use it to get wealthy.

Debt Management?

The arguments look good. The idea is basically to borrow at 4% and earn at 8%. Mathematically, there is great truth there.

Yet another area of silly physician debt is a long mortgage on your primary residence. You might be surprised to learn that nobody used 30-year mortgages prior to World War II.

30-Year Mortgage?

SWIPE UP NOW TO READ MORE

MORE STORIES