No we don’t Do u have any idea what orthopedic surgeons make once they r established in private practice Shit he knew what he signed. He will figure it out as he is very bright or he wouldn’t have gotten this far otherwise
Think about this debt as a business loan for your private practice. Covid won’t be around forever and you will soon be back on your feet. Big love to you and your family
You can do it. I lived a very minimal life after college. The first year after made me feel like a hermit, but it helped me swing a big axe right out of the gate. I have been following Dave’s advice for many years now and I can assure that it is a solid plan. Live like no one else so one day you can live and give like no one else!
This is awesome! Thank you for sharing this Dr. Webb. No one talks to us about loan repayment in medical school, and it is super refreshing to see someone explaining their strategy. Huge fan of your channel.
I understand, I have been there! I've in California, and I could have purchased a 2mil. home, but live in 8 hund-thous. Paid it off within 10years. Now, I don't have money, but I can sleep at night. I came from Ghana !
As soon as I saw the title, I thought of Dave Ramsey and how he usually says to approach similar situations! Absolutely great that you follow him and you have a plan! Best of luck to you sir!
‘Commit thy way unto the Lord; trust also in him & he shall bring it to pass’. With your head screwed on right & a measurable/achievable plan, you will be able to handle it, with God’s help. It shall be done. Happy that you are wise & not being blinded by ‘things’. Delayed gratification. Blessings much😇.
The "live like a resident for 5 years" bit doesn't work for everyone. I've often heard "Live like a resident with a 50% raise" for a little longer. Live off 90-100k instead of 60. That's a nice raise! That way you can live more comfortably than a resident for a while.
What’s up Dr. Webb, I’m a prior military officer who recently got accepted into medical school. While I’ll be using the G.I. Bill to offset some of the cost of the tuition, the total debt will still be in excess of $200k. I’ll be glad to hear your plan of action. Salute to you.
It is really nice to see an update video about your student Lian Dr Webb.This is actually part of Dave Ramsey got right.Dave Ramsey wants all the student Liana to get paid as soon as possible because he know that the future is unpredictable while your expenditure and your Loans are fix and certain.Nevertheless,there are certain finance companies that Will lend you at a lower interest rates
It’s pretty crazy actively seeing how you still hit road bumps along the way, and hear me out, it makes me feel better. Here’s why: I see you as a huge role model for me (I’m a 3rd year Med student) and I feel like I’m constantly hitting road blocks on this journey, and I’m trying to do ortho Surg also, and I just keep hitting road blocks, but I just gotta get through them. And to see that even the very successful people like yourself still hit road blocks, it encourages me to not give up, it reminds me that a road block is just a road block. All you have to do is take a detour and go around it
This is very helpful, Dr. Webb! Thank you. I graduated my post-bacc program and in the midst of applying to medical school soon. The debt is scary but it makes me feel better learning from your channel on how to be financially cognizant and how to navigate this journey by being financially responsible.
Thanks for sharing. My student loans aren’t that much but I went after the interest first and paid enough to offset it every month. (The interest accumulating every month started to affect my credit score) I also did while I was still in school though. I graduated in May and now my student loans are only principal. Good luck with your journey and I know you’ll be able to achieve your goal in due time.
@@antoniowebbmd Wheew!😅 Well it’s possible and I’m looking forward to the day you announce that you’ve pause it off. I have about 150K in debt from undergrad myself that I also won’t begin to pay until after residency.. Fortunately, I’ve been blessed to attend a graduate school that pays for EVERYTHING I need🙌🏾
Good luck boss, u can do it... i owe 24k but i didnt get a degree because ITT tech shut down and sold me outdated credits, so im paying mine back on minimum wage :/
Wow, I always heard that education in the US was expensive but this is truly ridiculous! $540,000?? WOW! The more I learn about the USA and it's healthcare system the more disappointed I get, needless to say, all the best to you and your plans!
All the best in paying back your student loans. I'm an electrical engineer, and I only had $60k to pay back. I payed back my student loans in a little under eight years.
Every time I refinance my student loans I go with the lowest fixed rate, period. It certainly is nice to work with a ethical company but my ability to give back is directly tied to me getting out of debt. The lowest rates I can get right now are mid to upper 3s and I have very good credit.
As a Loan officer, student debt cripples young professionals from advancing. Yet, congress and FHFA fails to reform lending guides to help people saddled with debt. Best of luck to you. I hope the situation is addressed.
Wow that’s a high amount of loans! You seem like a very smart and nice doctor. I hope you can pay it off soon. My sister is a PA and hers is similar to this amount. I’m a speech pathologist :)
I consolidate my student loan in 2006 at 160k to 3% and joined the military. I got 75k loan repayment and 40k bonus for 3 years of service. I re enlisted received 20k of bonus and got my GI bill back for extending my contract to a total of 6 1/2 years. In that 6 years time, I bought a house 600k- houses in Hawaii are expansive, got married, and had a baby. I still made 1k payment student loan payment a month and rent out two rooms. When I left the military in 2013. I took one year forbearance because I was a government contractor. I had to to make sure I have 6 months of salary in the bank which comes out to be 40k. Now 2020. I have paid my student loan completely off but my house is now also worth 800k with a 400k mortgage. It has been rented since 2012 with only 1k loss per year. I drove the same car from 2006 and he always had a company vehicle. We just bought our first new car for me this year. While I was in the military I capped my student at 6 % due to my military status,, which you have to reapply every year. I aggressive pay off my private loan and only minimum payment on federal loan. It took 14 years but it was because of the house, 100k in 401k, bought a condo in DC to be my primary residence in 2014. I guess I could have not bought a house in Hawaii and not save for 401k. But my companies always had 100% matching for 10% of salary. I just didn't think it was wise to give free money up. The house was a bargain and has always appreciated 10 to 30 % per year. The condo only appreciated 5% per year but I can deduct all the interests and repairs. I hope this would allow someone understand how to payback student loan. Not everyone can have a 300k job. You just have to prioritize the pros and cons with other priorities.
If I may offer some perspective, compared to other fields you are, at least, in a good position to be able to pay off your student loans. I owe my master’s degree & PhD and the difference between my earning potential and what I owe is staggering. Before anyone says that I should’ve picked a higher paying field, I’m not complaining I’m just offering perspective. I live in San Antonio, as well, and the cost of living is affordable, but the pay isn’t great.
I did have your amount but about $183,000 when I finished dental school but I worked for an FQHC for 4 years and got $50K in forgiveness and then paid 2 notes per month going forward.
In my opinion if you have student loans and most other forms of debts that put you in the red, youre broke and should spend like you’re broke or you’ll stay broke. Too many people want to reward themselves with debt. Depending on housing aspirations, baby step 7 is attainable in as little as 3-4 years. How awesome would that be.
Ppl will just see the number 500k or more in student loans debt and freak out . Ppl fail to realize orthopedic and some specialist make over 500k a year. I will always tell ppl to get a pen, paper and calculator then figure out these numbers before starting this medical/dental school journey . It’s worth it at the end and you will be able pay everything off pretty fast.
@@antoniowebbmd you're welcome, I also wanted to add, life is short, the time we get to spend and enjoy with family goes fast while we're still young! I highly recommend also enjoying and spending some money (obviously not blowing it), and going on a few vacations a year with your lovely wife and child!!
God got something in-store brother no one expected this but I know that things don't always go as planned but when they don't God is always working. And I've learned not to get angry when God is working you could end up fighting against him in the process and things will take longer than you want to get to the path you desired.
You are making at least $ 200000 a year, so, no problem. The problem is with the people who attended offshore medical schools, did not become doctors and now they have to pay a huge bill.
What sucks is owing 135000 after graduating with a Masters in 2012, not being able to work in your field of study, being a woman and 6.5% interest. It seems hopeless.
When you took out those loans were you able to survive without working while attending medical school full time? Did you still have to work while attending medical school?
I'm currently a first year who has been listening to Dave Ramsey for a while, and I know he would be disappointed haha. What advice do you have for a student who is just starting out and already has had to take out loans to pay for school (besides taking out as little as possible)? Thanks Dr. Webb!
Keep in mind that if you die or you become disabled your federal loans are forgiven, if the same thing happens with private loans you will be responsible keep that in mind
Dr. Webb would this video be considered a part of your regular channel or your new financial side of medicine channel?... Also (a little off topic) but from what you describe about how covid affected your plans, does that mean that being a doctor is not a recession proof career?
You would pray not to get sent to South Dakota because it is freezing up there. Lived there for three and a half years and worked at Brooking Health Systems as a Patient Registration Clerk in the emergency room there. I actually guessed your repayment to four years without looking at what everybody wrote.
Dr. Webb, a doctor I shadowed told me that he racked up debt from his undergrad university (private) then proceeded into med school. He told me that it would be wise to put off any student loan debt until you begin your career, in this case your medical career. Would this be wise? He waited a while before he starting tackling it, which saw the loans accumulate due to interest and what not, so it sounds odd but interesting nevertheless.
@@user-lu6yg3vk9z in an older video he said he would begin paying it off once he graduated residency and fellowship (when he started to earn a full surgeons salary).
Your services will be really, very valuable once you are done. You can do it, never lose sight of your vision. You got this + best of luck, You got this. Good luck on your journey.
I always considered a career in medicine recession-proof. Shows what I know. No way I could have factored Covid into loan repayments. Especially when you consider how much blood, sweat and time you put into making it this far.
Hey, Dr. Webb. How did your loans get that high? Is that all medical school? If so, I guess you can take out more than they say, right? I'm wondering because I feel like I would need to coming in as a nontraditional student from a previous career with previous bills in play.
I just finished dental school and have about 315k but I did the REPAYE program. I want to own or buy into a practice so I am just going to pay the minimum loan payment so I can to save up money to buy. I also think its a good long bet that something will happen with student debt forgiveness in the future. And I will refinance in the future. As an orthopedic surgeon, are you trying to buy in or own your own practice? And if so will how will you balance aggressive loan repayments and saving money to buy?
Get out of debt BEFORE anything else is the strategy im taking. Will I miss out on financial investment opportunities? Yes. But there will be plenty more.
Hi. Omar, Houston based personal financial advisor with 10 years in the field, there is a government loan 0% interest released for a refinance for all medical people. Have you seen this? It makes your loans a 0% for 4 years
Damn son, I finished med school, residency, and fellowship with around 250k. Did you go to a private medical school? Some of my buddies that went to AUC have around 500k.
Dr., I'm baffled as to why you spoke so highly of Common Bond and you haven't even refinanced with them yet. Then, you mentioned they sponsored the video. With all do respect, you sound a bit shady.
Nah do not refinance if they ever cancel loans which they may especially now you won’t be eligible...also just work for trg military bruv there’s no war and it’s 4 years guaranteed makes no sense to take risk
This might sound stupid but I think you need life insurance to cover your loans and other debt upon death. You need to transfer some risk specially when you have half a million in debt, and this pandemic or future events. BTW, I am not wishing you anything bad is just suggestion.
Before anyone feels sorry for this guy, Ortho surgeons are the highest paid MDs U r talking 400-800k annually Hell he shouldn’t be squawking at all! He will be practicing for decades and sure as hell can pay off 1/2 mill sheesh
Step one “includes paid promotion” lol
Please we need to give this brother Support. I'm serious.
Thanks!!
Why?
@@theotherdude1998 ruclips.net/video/dQw4w9WgXcQ/видео.html
@@spvc4696??
No we don’t Do u have any idea what orthopedic surgeons make once they r established in private practice Shit he knew what he signed. He will figure it out as he is very bright or he wouldn’t have gotten this far otherwise
Think about this debt as a business loan for your private practice. Covid won’t be around forever and you will soon be back on your feet. Big love to you and your family
Thank you Diana!
@@antoniowebbmd Please look into Dave Ramsey.
@@antoniowebbmd Dr Webb. Check out the website Passive Income MD. The site helps doctors learn to create multiple income streams.
@@jacobjohnson9030 good advice
You were responsible enough to get through med school and become a doctor, so I'm sure you'll figure something out.
if by "figure something out" you mean pay back the loans in 8 months and still have a net annual gain of like 300k, then yea
@@alex-px1uz well shit don’t be mad at the man, he did his thing and went to school
@@zionsimanian9310 lol im just bitter. I also have quite a bit of debt in the midst of med school
@@alex-px1uz go study.
@@alex-px1uz keep ur head up. You’ll get thru it. Just don’t quit.
You can do it. I lived a very minimal life after college. The first year after made me feel like a hermit, but it helped me swing a big axe right out of the gate. I have been following Dave’s advice for many years now and I can assure that it is a solid plan. Live like no one else so one day you can live and give like no one else!
This is awesome! Thank you for sharing this Dr. Webb. No one talks to us about loan repayment in medical school, and it is super refreshing to see someone explaining their strategy. Huge fan of your channel.
Thank you Jeremiah! I appreciate it!
This dude is not only smart, but so damn wise.
Appreciate it!!
I understand, I have been there!
I've in California, and I could have purchased a 2mil. home, but live in 8 hund-thous. Paid it off within 10years.
Now, I don't have money, but I can sleep at night. I came from Ghana !
$540K?!?! 😳 Feeling oooooooh soo much better about my own student loans!
😂😂for real
Exactly my balance isn't that bad compared to this..
As soon as I saw the title, I thought of Dave Ramsey and how he usually says to approach similar situations! Absolutely great that you follow him and you have a plan! Best of luck to you sir!
My first thought was, "Rice and beans... beans and rice."
‘Commit thy way unto the Lord; trust also in him & he shall bring it to pass’. With your head screwed on right & a measurable/achievable plan, you will be able to handle it, with God’s help. It shall be done. Happy that you are wise & not being blinded by ‘things’. Delayed gratification. Blessings much😇.
You inspired me to work for what I want, thank you. 🙂
Best wishes on your endeavors, these are for sure challenging times we are in!
You've dedicated your life to learning the most respectable trade there is and saving lives, that alone is worth more than any loan
Omg the bot messages on this vid are crazy
I’m following you. Please give us the best advices. Africa is also dear to my heart so I’ll definitely look them up.
Most people don’t even make 5k, so that’s great until you pay off your loans
Moral of the story is don’t go half a million dollars in debt bc you never know what life will throw at you.
The "live like a resident for 5 years" bit doesn't work for everyone. I've often heard "Live like a resident with a 50% raise" for a little longer. Live off 90-100k instead of 60. That's a nice raise! That way you can live more comfortably than a resident for a while.
You got this Dr. Webb! ✊🏽
Greetings from Sudan
What’s up Dr. Webb, I’m a prior military officer who recently got accepted into medical school. While I’ll be using the G.I. Bill to offset some of the cost of the tuition, the total debt will still be in excess of $200k. I’ll be glad to hear your plan of action. Salute to you.
With your current balance, how much do you have to pay a month? What's the minimum payment?
Inspiring! Setting goals in your life is so important and you are a wonderful example of that!
Thank you Dr.Webb for sharing with us pre med and med students on how to tackle debt.👍
Learned about Dave in 2016 and changed my life. Paid off $47k in 2.5 years. Way less than you lol but it feels good to be free!!
It is really nice to see an update video about your student Lian Dr Webb.This is actually part of Dave Ramsey got right.Dave Ramsey wants all the student Liana to get paid as soon as possible because he know that the future is unpredictable while your expenditure and your Loans are fix and certain.Nevertheless,there are certain finance companies that Will lend you at a lower interest rates
This was super helpful for us who still have student loans! Thank you Dr. Webb!!
Thanks!
I’m sorry you had to accumulate so much debt just to get through school. Good for you for recognizing the importance of getting out of debt.
It’s pretty crazy actively seeing how you still hit road bumps along the way, and hear me out, it makes me feel better. Here’s why: I see you as a huge role model for me (I’m a 3rd year Med student) and I feel like I’m constantly hitting road blocks on this journey, and I’m trying to do ortho Surg also, and I just keep hitting road blocks, but I just gotta get through them. And to see that even the very successful people like yourself still hit road blocks, it encourages me to not give up, it reminds me that a road block is just a road block. All you have to do is take a detour and go around it
Keep going! You got this 💪🏾💪🏾💪🏾💪🏾
This is very helpful, Dr. Webb! Thank you. I graduated my post-bacc program and in the midst of applying to medical school soon. The debt is scary but it makes me feel better learning from your channel on how to be financially cognizant and how to navigate this journey by being financially responsible.
Thank you! I’m glad it helped!
I love Dave Ramsey
Beans and rice and rice and beans!
Live like no one else so later you can live like no one else!
Just watched your year old video and now I am here. Great content brother.
I love how honest you are. Thank you for sharing the not so fun details with us!
Thanks for watching! 🙏🏾
And I'm all the way in South Africa (middle class), so good financially.
Thanks for sharing. My student loans aren’t that much but I went after the interest first and paid enough to offset it every month. (The interest accumulating every month started to affect my credit score) I also did while I was still in school though. I graduated in May and now my student loans are only principal. Good luck with your journey and I know you’ll be able to achieve your goal in due time.
Very interested as to how you accumulated so much! However, I know you’ll be able to pay it off. You’re very successful
I went to a VERY expensive medical school-Georgetown 👎🏾👎🏾👎🏾
Nearly $100,000 a year 🤯🤯🤯
som.georgetown.edu/costofattendance/
@@antoniowebbmd Wheew!😅 Well it’s possible and I’m looking forward to the day you announce that you’ve pause it off. I have about 150K in debt from undergrad myself that I also won’t begin to pay until after residency.. Fortunately, I’ve been blessed to attend a graduate school that pays for EVERYTHING I need🙌🏾
@@antoniowebbmd I’m floored🤯😭
@@antoniowebbmd GI Bill didn’t help cover it?
Good luck boss, u can do it... i owe 24k but i didnt get a degree because ITT tech shut down and sold me outdated credits, so im paying mine back on minimum wage :/
I'am flabbergasted 🤯 but you got this for sure 💪🏾💪🏾
Wow, I always heard that education in the US was expensive but this is truly ridiculous! $540,000?? WOW! The more I learn about the USA and it's healthcare system the more disappointed I get, needless to say, all the best to you and your plans!
All the best in paying back your student loans. I'm an electrical engineer, and I only had $60k to pay back. I payed back my student loans in a little under eight years.
Thanks!
You're an attending spine surgeon. I'm pretty sure you could pay this off in like, 2-3 years.
Every time I refinance my student loans I go with the lowest fixed rate, period. It certainly is nice to work with a ethical company but my ability to give back is directly tied to me getting out of debt. The lowest rates I can get right now are mid to upper 3s and I have very good credit.
time to sign with an understaffed hospital to get at least 200k paid for
I talk about this a little bit in the video.
Dr. Webb some hospitals will give crazy bonuses, pay mortgage and loan repayment..look in rural areas!
@@user-ck4yt3kv3p very true
As a Loan officer, student debt cripples young professionals from advancing. Yet, congress and FHFA fails to reform lending guides to help people saddled with debt. Best of luck to you. I hope the situation is addressed.
Wow that’s a high amount of loans! You seem like a very smart and nice doctor. I hope you can pay it off soon. My sister is a PA and hers is similar to this amount. I’m a speech pathologist :)
She went to a private school for graduate school! No it didn’t include undergrad, but she didn’t take out loans for that.
Hey Dr. Webb, excellent video as always! I wanted to ask what brand of (Lavalier?) microphone you're using? Audio quality is quite solid!
Act broke to get/stay rich.
I consolidate my student loan in 2006 at 160k to 3% and joined the military. I got 75k loan repayment and 40k bonus for 3 years of service. I re enlisted received 20k of bonus and got my GI bill back for extending my contract to a total of 6 1/2 years. In that 6 years time, I bought a house 600k- houses in Hawaii are expansive, got married, and had a baby. I still made 1k payment student loan payment a month and rent out two rooms. When I left the military in 2013. I took one year forbearance because I was a government contractor. I had to to make sure I have 6 months of salary in the bank which comes out to be 40k. Now 2020. I have paid my student loan completely off but my house is now also worth 800k with a 400k mortgage. It has been rented since 2012 with only 1k loss per year. I drove the same car from 2006 and he always had a company vehicle. We just bought our first new car for me this year. While I was in the military I capped my student at 6 % due to my military status,, which you have to reapply every year. I aggressive pay off my private loan and only minimum payment on federal loan. It took 14 years but it was because of the house, 100k in 401k, bought a condo in DC to be my primary residence in 2014. I guess I could have not bought a house in Hawaii and not save for 401k. But my companies always had 100% matching for 10% of salary. I just didn't think it was wise to give free money up. The house was a bargain and has always appreciated 10 to 30 % per year. The condo only appreciated 5% per year but I can deduct all the interests and repairs. I hope this would allow someone understand how to payback student loan. Not everyone can have a 300k job. You just have to prioritize the pros and cons with other priorities.
Can't wait to start med school, I'm a geek so yeah. 🙂
We need professionals like you. You can do it, never lose your vision. Good luck on your journey.
If I may offer some perspective, compared to other fields you are, at least, in a good position to be able to pay off your student loans. I owe my master’s degree & PhD and the difference between my earning potential and what I owe is staggering. Before anyone says that I should’ve picked a higher paying field, I’m not complaining I’m just offering perspective. I live in San Antonio, as well, and the cost of living is affordable, but the pay isn’t great.
I did have your amount but about $183,000 when I finished dental school but I worked for an FQHC for 4 years and got $50K in forgiveness and then paid 2 notes per month going forward.
In my opinion if you have student loans and most other forms of debts that put you in the red, youre broke and should spend like you’re broke or you’ll stay broke. Too many people want to reward themselves with debt. Depending on housing aspirations, baby step 7 is attainable in as little as 3-4 years. How awesome would that be.
Thanks!
Ppl will just see the number 500k or more in student loans debt and freak out . Ppl fail to realize orthopedic and some specialist make over 500k a year. I will always tell ppl to get a pen, paper and calculator then figure out these numbers before starting this medical/dental school journey . It’s worth it at the end and you will be able pay everything off pretty fast.
Thank you so much for this knowledge and insight :)
God will bless you! There are great things in store for you and you will get those paid off quick! Well deserved hard work
Thank you!
@@antoniowebbmd you're welcome, I also wanted to add, life is short, the time we get to spend and enjoy with family goes fast while we're still young! I highly recommend also enjoying and spending some money (obviously not blowing it), and going on a few vacations a year with your lovely wife and child!!
God got something in-store brother no one expected this but I know that things don't always go as planned but when they don't God is always working. And I've learned not to get angry when God is working you could end up fighting against him in the process and things will take longer than you want to get to the path you desired.
At least you’re a doctor and not a liberal arts major I think student loan debt is worse when you graduate from undergrad during a recession
He'll be fine. He should be getting a nice RUclips check as well so that should speed things up. Keep making videos!
You are making at least $ 200000 a year, so, no problem. The problem is with the people who attended offshore medical schools, did not become doctors and now they have to pay a huge bill.
What sucks is owing 135000 after graduating with a Masters in 2012, not being able to work in your field of study, being a woman and 6.5% interest. It seems hopeless.
Dr. Webb your Gi Bill from the military didn’t help cover tuition for med school?
No, it only covers up to the states public school
When you took out those loans were you able to survive without working while attending medical school full time? Did you still have to work while attending medical school?
Ortho-spine in TX? You’ll be ok, bro. I’ve got 300k, neuroradiology.
Hello Dr Antonio,
I sure you’re be paying before 3 years!
Keep up with the great work!
Thanks Ricardo!
I'm currently a first year who has been listening to Dave Ramsey for a while, and I know he would be disappointed haha. What advice do you have for a student who is just starting out and already has had to take out loans to pay for school (besides taking out as little as possible)? Thanks Dr. Webb!
this is one of the reasons why i'm afraid to get into medicine
If you have the grades, do not worry.
Keep in mind that if you die or you become disabled your federal loans are forgiven, if the same thing happens with private loans you will be responsible keep that in mind
Dr. Webb would this video be considered a part of your regular channel or your new financial side of medicine channel?... Also (a little off topic) but from what you describe about how covid affected your plans, does that mean that being a doctor is not a recession proof career?
Good info. Thanks 😊
You would pray not to get sent to South Dakota because it is freezing up there. Lived there for three and a half years and worked at Brooking Health Systems as a Patient Registration Clerk in the emergency room there. I actually guessed your repayment to four years without looking at what everybody wrote.
Nice! 3-4 yrs is the plan
Your plan should be a Dave Ramsey beans and rice lifestyle to pay back your half a million dollar loan.....................
Dr. Webb, a doctor I shadowed told me that he racked up debt from his undergrad university (private) then proceeded into med school. He told me that it would be wise to put off any student loan debt until you begin your career, in this case your medical career. Would this be wise? He waited a while before he starting tackling it, which saw the loans accumulate due to interest and what not, so it sounds odd but interesting nevertheless.
If youre interest rate is low, its probably better to pay the mininum and invest ur money since youd get a better annual return i.e. 7% > 2% interest.
I'm looking at my expected total law school debt and wincing in pain while you've got ~4x that already accumulated. That's tough
😫😫😫
@@antoniowebbmd I thought you paid this off already?
@@user-lu6yg3vk9z in an older video he said he would begin paying it off once he graduated residency and fellowship (when he started to earn a full surgeons salary).
@@evanwoods4774 ok
Your services will be really, very valuable once you are done. You can do it, never lose sight of your vision.
You got this + best of luck, You got this. Good luck on your journey.
Bro you'll be okay.
I'll be at 240-250 at 10.6%
Just live like a hobo post residency.
And pay principal.
I think your plan is good ; but always remember tomorrow is not promised consider your wife and child during these trying times .
I always considered a career in medicine recession-proof. Shows what I know. No way I could have factored Covid into loan repayments. Especially when you consider how much blood, sweat and time you put into making it this far.
Hey, Dr. Webb. How did your loans get that high? Is that all medical school? If so, I guess you can take out more than they say, right? I'm wondering because I feel like I would need to coming in as a nontraditional student from a previous career with previous bills in play.
All medical school
Went to a VERY expensive medical school
som.georgetown.edu/costofattendance/
No you can’t take out more than they allow.
I just finished dental school and have about 315k but I did the REPAYE program. I want to own or buy into a practice so I am just going to pay the minimum loan payment so I can to save up money to buy. I also think its a good long bet that something will happen with student debt forgiveness in the future. And I will refinance in the future. As an orthopedic surgeon, are you trying to buy in or own your own practice? And if so will how will you balance aggressive loan repayments and saving money to buy?
Get out of debt BEFORE anything else is the strategy im taking. Will I miss out on financial investment opportunities? Yes. But there will be plenty more.
That is nuts! No way in hell should it cost that much!
If you 100 percent veteran you might be able to get it forgiven or you join the military and get a officer’s commission and it could get it forgiven
Where can I buy your book? Christmas gift to myself.
I have a huge debt. I am hoping the cancel school loan goes through.
Keep going! You can do it 💪🏾💪🏾💪🏾
How difficult is it to learn the hand skills of an orthopedic surgeon? Thanks
Let’s be real, do you really need a plan! This much you’ll make in one year and probably can pay if off in 2 years max!
Hi. Omar, Houston based personal financial advisor with 10 years in the field, there is a government loan 0% interest released for a refinance for all medical people. Have you seen this? It makes your loans a 0% for 4 years
Can you post a link for this? Thx
Damn son, I finished med school, residency, and fellowship with around 250k. Did you go to a private medical school? Some of my buddies that went to AUC have around 500k.
Yeah, I went to Georgetown Med. It’s $100,000 a year 🤯🤯🤯
som.georgetown.edu/costofattendance/
Dr., I'm baffled as to why you spoke so highly of Common Bond and you haven't even refinanced with them yet. Then, you mentioned they sponsored the video. With all do respect, you sound a bit shady.
Nah do not refinance if they ever cancel loans which they may especially now you won’t be eligible...also just work for trg military bruv there’s no war and it’s 4 years guaranteed makes no sense to take risk
Hello there. How are you doing? I believe that you can do it. Yaaaaaayyyyyyy
Thank ya!
Shout out to the goat Dave Ramsey 🙏🏿🤌🏿
I would never refinance with a private company.
What would you recommend then? Staying with 6-7% loans is not a good idea
@@antoniowebbmd I recommend Dave Ramsey and never trust a bank. Have hope in Biden and Democratic leaders.
I plan on being somewhat aggressive as well, but after all of that sacrifice I’m getting a nice house and car 🤷🏽♂️
This might sound stupid but I think you need life insurance to cover your loans and other debt upon death. You need to transfer some risk specially when you have half a million in debt, and this pandemic or future events. BTW, I am not wishing you anything bad is just suggestion.
Hey I have I question, what types of surgeons can do private practice. Like can cardiothoracic or brain neurosurgeon, can they do it too?
Are you a 75th percentile surgeon?
Can you please make a video on how to start a private practice and is having a private practice usually fails? Thank you
Thx! I have a new channel coming out called the Business of Medicine that will address this! Stay tuned
Before anyone feels sorry for this guy, Ortho surgeons are the highest paid MDs U r talking 400-800k annually Hell he shouldn’t be squawking at all! He will be practicing for decades and sure as hell can pay off 1/2 mill sheesh
Sir please make a video on how to apply for MD,DDS as a foreign student
Highly considering the military lol and my debt is only about $40K.