Each path has trade-offs in risk, flexibility, and long-term impact. In this episode, we break down how to think about both options with real-world considerations.
Topics Discussed
- Financial strategies for ER doctors choosing between student loan payoff and mortgage reduction.
- The unique risks and rewards of paying off student loans versus reducing mortgage debt.
- Psychological and financial implications of student loan debt and mortgage payments.
- The tax benefits associated with mortgage interest.
- The benefits of converting liability into ownership of an appreciating asset.
- Pros and cons of investing surplus cash instead of paying down debt.
- How different financial decisions can impact long-term wealth building and financial peace.
Resources Mentioned:
Tags:
Social Security, Retirement, Early Retirement,Investment Strategies, Claiming Early Retirement, Claiming Late Retirement, RetirementPlanning, Maximizing Benefits, Claiming Strategies, emergency medicine, ER doc, ER doctor
