Kristen & Nate Hedrick to discuss their journey in paying off $250k of student loan debt, their motivation and why for aggressively paying off the debt, and the role a side hustle and real estate investing played to help them achieve their goal.

Key Points From This Episode

• Kristen's background, how she ended up in pharmacy, and what she's doing now.
• What their student loan debt looked like at its peak.
• How student debt can creep up and surprise you.
• The initial feelings the couple had towards their debt and their plans to pay it off.
• What motivated our guests to come up with an aggressive plan for paying back their debt.
• How a life-changing event (and a book) in 2016 changed everything.
• The global pandemic as a moment of inspiration.
• What they had to change in their lives to be able to make the monthly repayments.
• Paying off debt now versus investing for the future.
• The way the couple used 'double motivation' to reconcile an age-old debate.
• How our guests were able to raise a child, invest, and pay off a huge debt at the same time.
• Nate's decision to pursue real estate investing and what that meant for their debt repayments.
• The approach the couple has taken to make real estate investing work for their family.
• Other strategies that helped to pay off the debt aside from cutting expenses and real estate investments.
• The benefits of receiving objective, third-party advice.
• What life is like now after paying off their massive debt.
• How paying off the debt helped Nate make an important career decision.
• Kristen's advice for the pharmacist struggling with debt.
• Nate's parting words of wisdom.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing Podcast
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Real Estate RPh
• YFP Real Estate Concierge Service
• BiggerPockets
• Your Financial Pharmacist Disclaimer and Disclosures