Ken Coleman
๐ค SpeakerAppearances Over Time
Podcast Appearances
You guys have just changed my life and my wife's life for the better.
So I really do appreciate y'all taking my call.
Thank you.
So I understand Dave's traditional advice as it relates to student loans.
So my question is a student loan question.
So I'm a physician and I have a lot of kids and I've often wondered if my kids want to pursue medicine,
um is it reasonable to suggest that they do take out loans for medical school um but to live small after they finish and to pay these loans off very aggressively like i did um my my reasoning for this and something i kind of grapple with because we're very davish about a lot of things um but uh you know i really do feel like medical training is definitely a young person's game
You know, plenty of sleepless nights, 80 hour work weeks.
And it's very difficult for a college grad, you know, with really no skills to save, you know, what can be $200,000 for medical school.
You know, that's just tuition before housing and food.
And in your early 20s, you're often, you know, married and starting families, too.
So my question is specifically, you know, for my kids, you know, I wonder, no med school loans at all if they decide to pursue medicine?
Or is it reasonable to say, take out loans prudently, but pay it off very aggressively?
We will never, ever say... I was trying to catch on on the day when Dave wasn't on the studio, but... Yeah, well, I don't think you understand how our employment must work.
About $550,000 to $600,000.
We have no debt, just paying off the house at this point.
Seven.
So, yeah, I intend to fund their undergraduate education.
But when it comes to medical school or professional school, I just have no intention of it.
I think that would be pretty detrimental to our overall financial health and family outlook.