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Five years ago, Dr. Disha reached a breaking point in her career. She was overwhelmed, burnt out, and feeling pulled in multiple directions without making progress in any of them. Determined to change her life, she took a hard look at her financial situation and devised a plan to pay off her debt. Through budgeting, cutting expenses, and stepping into the stock market, she managed to eliminate her debt burden and create a financial cushion.

This newfound financial freedom gave her the opportunity to design a life on her own terms. She adjusted her work schedule, pursuing her passion project and rediscovering the joys of tennis and music. She learned that having financial stability and reducing debt not only provides options but also empowers you to live a life aligned with your values.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom.

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

00:00: Introduction and background:

Dr. Disha Spath shares her personal journey and the importance of financial empowerment for physicians.

02:15: Student loans and early financial decisions:

Dr. Spath discusses her experiences with student loans, financial choices during undergrad and medical school, and the impact of taking a year off to teach in Southern California.

07:35: Career and family decisions:

Dr. Spath talks about meeting her husband, their career choices, buying a house for rental purposes, and the financial challenges they faced while starting a family.

14:05: Debt and financial struggle:

Dr. Spath reveals the extent of their debt, including student loans, mortgage, and car loans, and how they were living paycheck to paycheck despite appearances.

18:20: Realization and seeking financial advice:

Dr. Spath shares her realization during maternity leave, meeting with a financial advisor, and taking steps to improve their financial situation.

23:30: Debt repayment strategy:

Dr. Spath explains their decision to adopt the Dave Ramsey method, track expenses, create a budget, and prioritize paying off debts using the snowball method.

27:40: Overcoming lifestyle inflation:

Dr. Spath describes how they resisted lifestyle inflation when buying a new car and chose to pay with cash instead of taking on more debt.

31:25: Focusing on student loans:

Dr. Spath discusses their decision to focus on paying off student loans and the considerations behind their move to Albany, New York.

35:10: Conclusion and future plans:

Dr. Spath reflects on their progress, moving to Albany, and their commitment to financial freedom.

Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.