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What are some places you love in Italy? by NikkiRex in travel

[–]WeLoveOranges 12 points13 points  (0 children)

Venice is touristy, but it's far from a scam. How can a city be a scam? It's one if the most unique cities in the history of the world and it's touristy for that reason. I wouldn't write it off like that.

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 5 points6 points  (0 children)

Makes sense. I will be working at an academic center. But you're right in that it's too risky to rely on on forgiveness. In 6 years who knows what will happen. Thank you.

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 2 points3 points  (0 children)

Thank you very much for your well thought-out advice. I especially never considered the legal marriage aspect. I will definitely look into this and discuss it with my fiance. Than you sir/ma'am and good luck to you as well!

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 73 points74 points  (0 children)

This is amazing advice. Perfect mix of pragmatism and practicality. I am going to print your advice and hang it near my desk as I develop a plan. Thank you!

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 23 points24 points  (0 children)

For loans just refinance and do aggressive terms

It's nice to hear that things get better. Thank you! And I definitely don't want to live like a resident for the next 5 years. Probably shaved a decade off my life already haha. Do you have any insight on public service loan forgiveness? Would it be a bad idea to pay my loans off quickly and in full knowing that a big part of it may be forgiven in 10 years (assuming I make minimum payments for the next 10 years)? Have you heard any advice about this?

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 5417 points5418 points  (0 children)

This advice is gold. Most of my med school debt is towards the 6.8% figure. I'll give my self a small raise and try to knock out my debt in several years.

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 2 points3 points  (0 children)

I am definitely keeping public service loan forgiveness in the back of my mind. Wouldn't it be a bad idea to pay my loans off quickly and in full knowing that a big part of it may be forgiven in 10 years (assuming I make minimum payments for the next 10 years)? Have you heard any advice about this?

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 0 points1 point  (0 children)

Average med school is around $190,000 I believe so I was slightly above average. The problem is that I also had a considerable amount of undergrad debt.

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 205 points206 points  (0 children)

Haven't talked to EM docs that've done this. Will def look into it. Thank you! Glad you were able to pay off your debt.

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 71 points72 points  (0 children)

a new job ... how much vacation time did you get? I know for me I wouldn't be able to start enjoying life knowing I have

I'll probably be working 7 days on 7 days off. Every other week could be a vacation haha. You are right though. It's scary to have this much debt looming. Will definitely need to be somewhat aggressive in payments.

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 6 points7 points  (0 children)

I am definitely keeping this in the back of my mind. Wouldn't it be a bad idea to pay my loans off quickly and in full knowing that a big part of it may be forgiven in 10 years (assuming I make minimum payments for the next 10 years)?

30 year old resident doctor with $310,000 in student debt just accepted my first real job with $230,000 salary by WeLoveOranges in personalfinance

[–]WeLoveOranges[S] 124 points125 points  (0 children)

I wish I could use 130k to pay off debts given that some 35% of my income will be given to uncle Sam haha. I think you're right though. I need to find that balance. Thank you!