 All right so for those of you that are students you know that this is probably the worst era in human history to go to college and the student debt thing is going to be a humongous humongous issue for students in the future but in this video I'm going to share how basically how and why I managed to pay off what amounts to $34,000 my first year of medical school while in school whereas I would have had about $60,000 in debt for the first year I ended up only having $25,000. What's up guys? Alex Hein here author of the book Master of the Day so when I came into medical school basically there are a few key things to remember number one is that I already have a business but I started with the intention that I was going to work 20 hours the entire four years now I don't know a single other student who's really working more than 10 hours or five hours or any hours doing a four-year doctorate but I want to share exactly the things that I did because number one it is possible to work during college whether you're doing undergrad, grad, medical it's hard but you can do it if you want to build some kind of exceptional life you're going to have to do something differently so the very first thing is that I put on a piece of paper what I was actually trying to accomplish with my debt so I actually put down on the paper that I would try to contribute of leftover earned or money I'd worked for towards my student debt now initially the first year I took out all the debt required to live and to go to school and then I would just pay back what was left over at the end of the month for me it was in my business but basically if you're working effectively all of that should be going to paying off the debt and maybe you just take out this debt for school or you take out the living expenses so the second habit here is that people act like it's rocket science but it's really just math right at the end of the day it's just a spreadsheet money earned money spent and so you have to figure out where you're willing to sacrifice or where you're willing to push like I had a pretty nice I was living in a three bedroom with two other friends in Connecticut and I was paying a thousand a month I came here to live in a two bedroom but I was just paying for the bedroom which was like a 10 by 8 room and I paid 550 a month in rent like that is dirt cheap even for Portland and honestly I did it because I wanted to sacrifice I chose a rent that was half the price so that I could put $500 or 400 a month towards my student debt now I have friends here who are living in baller $1,500 a month one bedrooms that they're paying for with their student debt which is beyond stupid that's taking the cushy life now for the hard life later and so I think the big thing is if you're willing to scale back in some expenses maybe that means selling your car so you don't have car insurance and gas whatever it is you figure out what you're willing to sacrifice for me I downsized my rent dramatically and lived in a lot less of a nice place and the second thing is earning money now a lot of you in college probably are not even working during the year you should be you can I know you're capable of it and I'm sure that the majority of you if you're watching you're in medical school you're like hell no that's not possible well there are people who do it in conventional med school alternative med school there are always people who do it and there are plenty of parents with kids that they managed to make their way through it's a sacrifice and it's hard but you can do it so here are three ways you can earn probably five thousand to fifteen thousand extra dollars per year while going to school and you can contribute that towards your debt or your living expenses or whatever so let's say for example you're working in a coffee shop there's probably tons of coffee shops where you are and even a base minimum wage here twelve dollars an hour you could earn let's say if you're working 20 hours a week that's 11,520 dollars a year it's not bad at all if you're tutoring for a ton of different subjects you could charge 20 an hour do that five times a week and that right there is going to be an extra 4,800 a year for just one hour a day so I know you're thinking like all right yeah you already had a business which is true and yeah you could control your schedule which is true so basically if you want the life that one percent of humanity has you have to do something like something different that only one percent of people are willing to do and it's possible now the third habit here is not having what I call any loose time so what that means is I shared this video and how I juggle medical school in life but really in my schedule Monday through Friday and even on the weekends a lot of the time there is no one and a half hour window where I'm not doing something there is no one hour break at all basically until the hour before bed that means the break is either working studying going to the gym cooking in class that's it like that's my whole life I made the intention at the start of medical school I'm going to be sacrificing an extra 20 hours a week for a better life after and it's going to suck a little bit more for four years and if you want to do that it means making sure your studying hours are more efficient and more effective because if you have six hours rather than chilling for three of them have two hours of studying two hours of working and two hours that's the break or the gym or whatever the point is that I had to systematically break down every piece of my schedule to make sure there was no time where I'm just sitting and lounging and playing video games that really rarely occurs so really at the high level it's number one coming with the mindset that you're ready to sacrifice you're ready to do the work it's not necessarily going to be fun but it's going to definitely give you a better life after doing the math either means spending less or earning more ideally both find a way and the third is don't screw around you've got tons of time especially undergrad what do you have like 13 credits I'm doing 30 medical credits like you have time if you're an undergrad if you were in high school there is time to work two hours per day go talk to an immigrant family you'll see true hustle there's always a way to find that to work to sacrifice to whatever it is so that you can have some kind of a better life so I hope that helps obviously it's not easy it's a lot of work your friends may be hanging out going for drinks and you're going to have to work but remind yourself you're not doing this forever you're just doing it for a few years and it's something that's going to set you up for life versus graduating with $300,000 in debt and yeah your life was easy in college maybe it's moderately easy after college but now you can't get a house you can't go on vacations you can't do all this stuff because you have this huge chunk of debt hanging over you so I hope that video helps the best way to stay in touch is to grab my free personal development and weight loss challenge at modernhealthmonk.com forward slash youtube it is also the first link in the description there below and you can check out my last two videos right here and right here