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Your Financial Pharmacist

Jun 30, 2022

Kristen & Nate Hedrick to discuss their journey in paying off $250k of student loan debt, their motivation and why for aggressively paying off the debt, and the role a side hustle and real estate investing played to help them achieve their goal.

Key Points From This Episode

  • Kristen’s background, how she ended up in pharmacy, and what she’s doing now.
  • What their student loan debt looked like at its peak. 
  • How student debt can creep up and surprise you. 
  • The initial feelings the couple had towards their debt and their plans to pay it off. 
  • What motivated our guests to come up with an aggressive plan for paying back their debt. 
  • How a life-changing event (and a book) in 2016 changed everything. 
  • The global pandemic as a moment of inspiration.
  • What they had to change in their lives to be able to make the monthly repayments.
  • Paying off debt now versus investing for the future.
  • The way the couple used ‘double motivation’ to reconcile an age-old debate. 
  • How our guests were able to raise a child, invest, and pay off a huge debt at the same time.
  • Nate’s decision to pursue real estate investing and what that meant for their debt repayments. 
  • The approach the couple has taken to make real estate investing work for their family. 
  • Other strategies that helped to pay off the debt aside from cutting expenses and real estate investments. 
  • The benefits of receiving objective, third-party advice. 
  • What life is like now after paying off their massive debt.
  • How paying off the debt helped Nate make an important career decision.
  • Kristen’s advice for the pharmacist struggling with debt. 
  • Nate’s parting words of wisdom. 

Links Mentioned in Today’s Episode