SPLURGING hard-earned cash on a nice car and nights out may seem like fun when you start your career, but debt can mount up quickly.
Just ask Connecticut-based pharmacist, Ludwig Rosiclair, who racked up US$230,000 in debt after graduating.
Having landed a job in a community pharmacy, the University of Connecticut pharmacy graduate splashed his cash on a new Audi S4, adding more than US$47,000 to his sizeable student debt, and monthly bills.
However, after realising his finances were getting out of hand Rosiclair stepped back and made some hard choices to rein in his spending and tackle his debt.
The pharmacist decided to adjust his lifestyle, parting company with his beloved Audi in favour of a lower profile secondhand vehicle and leaving his bachelor pad for a shared house in a cheaper part of town to cut his rent.
Having trimmed the fat on his expenses Rosiclair shifted his focus to what he was going to spend money on, and invested in his mental and physical health, including a nutrition coach, who helped him to improve his eating habits.
Rosiclair's sacrifices have paid off with the 33-year-old able to pay off his six-figure debt in six years, which has given him the opportunity to quit his job to live the high-life as the owner of a medicinal marijuana dispensary.
The above article was sent to subscribers in Pharmacy Daily's issue from 11 Nov 22
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