Go Beyond Being Debt-Free and Build Your Wealth

Update: 2024-03-19

Description

Are you a high earner still struggling to pay off a huge student loan debt, and it’s holding up your professional dream?

Or maybe you’re in a professional study program, like medical school. You have a big student loan but nobody is telling you in any of your courses, what the financial reality of debt payment is, and how to build wealth early.

The truth is your professional and financial dream won’t come true just because you’re a high earner. You have to know how to make it work. Join us in this episode of the Hidden Money Podcast as we talk with Kristin Burton. Kristin’s medical background, personal story of emerging from debt and experience in how to build wealth professionally, will give exactly the practical wisdom you need to build your professional dream.

Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only.

In this episode, we discuss

Challenges faced by high W2 earners, particularly in the medical field, and show the effectiveness of the short-term rental tax loophole in reducing tax burdens.

Having a supportive community and access to financial education for professionals, especially in fields like medicine, to discover opportunities like tax-saving strategies.

Kristin Burton's website, www.strivewithkristin.com, as a valuable resource offering free eBooks, white papers, and videos, to help professionals with a six-figure income to build wealth and financial freedom.

Kristin Burton’s free eBook, "The Secrets to Your Rich Life Post Graduation," focusing on guiding students in building key habits, managing debt-to-income ratios, and implementing budgeting strategies.

Dangers of credit card debt and the importance of smart credit card management.

Lack of financial education in professional programs and Kristin's efforts to address this gap by speaking to graduating classes.

The tendency in high-earning professions to associate lifestyle choices with job titles, cautioning against the financial pitfalls of trying to match the lifestyles of more experienced peers.

The expertise of CPAs, with Kristin reflecting on her unexpected interest in tax strategy despite early perceptions of it being boring.

Kristin’s primary service to medical professionals but clarifying that her services extend to any professional with a six-figure income seeking wealth-building strategies.

To Learn More

If you are a high-earning professional worker, especially in the medical field, you can avail of the excellent free resources on wealth and asset-building on Kristin’s website Personal Finance for Medical Professionals (strivewithkristin.com).

You can also explore being coached in effective wealth-building as a medical professional here - Get A Financial Coach (strivewithkristin.com).

To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus

To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation

Social Media Links

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You can also listen to our podcast on major podcast platforms links:

Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519

Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065