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Student loan debt is a 1.7 trillion dollar issue in the United States. Renee and I could not have achieved our goals of becoming doctors without taking out large student loans. As we started "adulting," we realized the loans were holding us back from doing what we love and hindered us from reaching our financial goals fast.

If you seriously want to become financially independent and wealthy, start by paying off your debts now!

Today’s episode is all about paying your student loan debt quickly and efficiently with The Scope of Practice, Dr. Brent Lacey!

We're talking about the best systems that will work for you as Dr. Lacey lays it all down for us.

 

These are the 6 main things we discussed in this episode:

• How Dr. Brent takes control of his practice and personal finance
• Debt Avalance vs. Debt Snowball: What’s the difference? And which is better?
• How do you effectively and quickly pay off your debt?
• Debt is emotional
• What is the Debt Cascade?
• Different ways on how to utilize your emergency funds efficiently

 

The Guest

Dr. Brent W. Lacey started The Scope of Practice because he observed that most physicians come out of practice with a huge amount of personal debt and little to no idea of how to actually run a clinical practice.

The Scope of Practice is a place where physicians can go to learn how to manage their businesses effectively and master their personal finances.

Dr. Lacey is passionate about helping physicians gain more autonomy in their careers, achieve financial independence, and build their businesses so they can focus on what matters most to them - helping their patients.

Dr. Lacey went to medical school at University of Texas School of Medicine San Antonio before completing an Internal Medicine residency and GI Fellowship at Naval Medical Center in San Diego.

As an 11-year Navy veteran, he loves working with both military and civilian physicians to help them achieve their dreams of financial independence and career satisfaction.

LinkedIn | Twitter | The Scope of Practice

 

Podcasts Mentioned:

So Money with Farnoosh Torabi

Earn your Leisure

His & Her Money

Paychecks and Balances

Popcorn Finance -Chris Browning

Surg