How a 31 Year Old Dentist Saved $750,000
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Happy New Year. I hope this post finds you well and healthy. The student loan payment and interest freeze have gone on much longer than expected with the most recent “final” pause set to expire this month being extended until May.
Since most of the readers of this blog are interested in student loans, you are also probably interested in personal finance. While it’s expensive to go to dental school, it shouldn’t be ignored that some dentists can build wealth very quickly because of their high earning potential at a young age and the option to enroll in an income-driven repayment plan to improve their cash flow until refinancing makes sense. CNBC recently wrote about a millennial dentist in the navy in their Millennial Money series and she’s saved $750,000 so far. It’s not often that we get this level of insight into another dentist’s life through a publisher with as much reach as CNBC so it’s worth watching the video. You can find the article here: https://www.cnbc.com/2021/12/16/how-this-31-year-old-making-157000-a-year-plans-to-retire-early.html
In other news, I’ve launched a Facebook group. If you use Facebook and want to join, please request access here: https://www.facebook.com/groups/proximalcontact
The group is brand new and small, but there are already some well-respected member dentists. Unlike other dental Facebook groups, I’ve enabled the option for people to post anonymously so you can ask any question you want without revealing who you are to the group.