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Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

Released Thursday, 31st January 2019
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Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

Thursday, 31st January 2019
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My guests on this podcast are Drs Nii and Renee Darko who paid back significant educational loans nearing nearly $670k over a 3 year period in order to take back control of their financial futures. 

Nii is a trauma surgeon and Rene is a Ob/Gyn and they worked very hard to pay down this debt.

We talk about how they acquired so much debt. What was the moment they realized that this debt was out of control and how they changed their life to pay down this debt. They also talk about their backgrounds in relation to finance and how that impacted their lives. We also talk about the decision to pay down debt vs investing (which is a common question and its a different answer for everyone) and now what their plans are after finishing the debt paydown.

They also have other ventures which they are now able to spend more time on. Nii hosts the popular Docs Outside the Box podcast, and Rene runs a premed advisory service called Premed Strategies and Coaching where she helps advise aspiring medical students. They also run a locums agency called Equal Access Health and a blog called Keeping up with the Darkos.

I hope the Darkos have inspired to you take a look at your finances and also pursue alternative ventures that maybe outside of medicine.

More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook.

You can follow me on:

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From The Podcast

Doctor Money Matters

Welcome to the Doctor Money Matters podcast. I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ. I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true. By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had. A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years.I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers.Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast. Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to [email protected] Social media links:twitter @drmoneymattersFacebook www.facebook.com/doctormoneymatters/Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.

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