For an audio version of this post, please click on the speaker icon (top left).
Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with issues of debt.
It is so easy to get into debt these days.
Credit card companies are bending over backwards to try and entice you to sign up with them in the hopes that you will soon have a sizable credit card balance.
Most physicians are unable to complete their training without incurring some sort of student loan debt.
And it is very unusual for someone to buy a home with cash.
Eventually you are going to have pay the piper and start attacking this pile of debt you have accumulated throughout the years.
It is important that you choose the best method to pay off tdebt as there are some strategies that simply do not do as well as others.
Fear not, The Frugal Physician helps shed some light in, “The Wrong Way To Pay Off Debt.”
I paid off my mortgage early and to be honest I think it was the best decision for me.
But was that the correct financial decision?
Financial Samurai thinks I may have made the wrong choice in, “The Biggest Downside To Paying Off Your Mortgage Early.”
Speaking of mortgages, what would you rather have: A home mortgage or student loan debt?
For me I hated my student loan debt so much that it was the first thing I attacked when I decided to become debt free.
The reason for my student loan hate?
Student loans typically carried much higher interest rates and also cannot be typically discharged in bankruptcy (not that I was ever considering this option).
Physician On FIRE weighs in on the debate in, “Mortgage Debt Versus Student Loan Debt: Which Is Better to Have?”
So you decided like me to pay off your student loan debt first?
If you are a new attending you have some things to consider before you embark on student loan repayment.
Financial Success MD gives you a push in the right direction with, “Six Easy Steps For New Attendings to Attack Their Student Loan Debt.”
In our consumer driven society, we are encouraged to take on more debt to live it up.
For many, this debt has been around us for the majority of our lives to the point that we have become accustomed to it like a lifelong companion.
Well debt is not your friend but your enemy.
The White Coat Investor wants us to change our mindset regarding debt in, “The Wrong Way To Think About Debt.”
Hope you enjoyed the reading material.
Have a great rest of the week.
If you are in search of financial help, please consider enlisting the service of any of the sponsors of this blog who I feel are part of the “good guys and gals of finance.”
Even a steadfast DIY’er can sometimes gain benefit from the occasional professional input.
NOTE: The website XRAYVSN contains affiliate links and thus receives compensation whenever a purchase through these links is made (at no further cost to you). As an Amazon Associate I earn from qualifying purchases. Although these proceeds help keep this site going they do not have any bearing on the reviews of any products I endorse which are from my own honest experiences. Thank you- XRAYVSN