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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Three of my relatives graduated medical school and worked off their debt in two years, Two cousins and 1 spouse, rented my basement apartment and lived pretty frugally for two years and worked off approx 200K of loans each. In fact, they lived more frugally when they were in medical school. In retrospect the two years went by fast. I think they also were so busy that it would not have mattered if they lived in a more expensive place. They were home mostly to sleep and do chores. [/quote] +1. This is what you have to do. In comparison, we make 450k HHI and we stayed in our 800k house with an old car so we could pay 150k off in loans. [/quote] Oh no - an $800k house? Wow - was the neighborhood pretty safe at least? That must have been so hard![/quote] Make fun of me alll you want. ON our salary, OP would have a $1.2 million house and a newish car or two. AND student loans. [/quote] Stop being a jerk. Yoi don't have money problems. Also it is arguable that OP should have some lean years and pay off the loans on schedule and invest once childcare costs go down. Also a house is an investment. They are building equity and not throwing money away on rent. Difference is they wont have a longchamp bag or fancy vacations. They will eventually. I sometimes find it strange that everyone is chompingvat the bit to use all of their income to pay off loans and not invest and then let the interest earned fro. investments pay off the loans for you, especially if you have a low interest rate on said loan.[/quote]
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