Should I Focus on Investing or Paying Off My Student Loan?

Should I Focus on Investing or Paying Off My Student Loan?
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[@erenyeager3653]

I follow these guidelines. I'm 33 at the start of the year my balance averaged around 5.5%, paid off a bunch of the higher interest ones and it's now at about 4.2%, so I switched back to investing focus.

[@micahhord4032]

Mine are at 7.05%, at 26 years old. I guess I’ll pay them off

[@Fold-p5c]

Yeah I'd def pay off at that rate. I did everything above 4%, but now I'm chillin on the minimums.

[@jaredgates4310]

Yeah, I would just invest enough to get any kind of employer match and then focus on paying those off.

[@vincentmcbean6512]

Any total debt over 20% monthly income, I’d pay down as well

[@spencerl-yf6bg]

I paid off my 6% student loans early but am only doing the minimum payment on my 4% loans.

[@Fold-p5c]

@vincentmcbean6512 sorry but this makes no sense mathematically. You might enjoy the dave ramsey show.

[@khill1959]

I like the new Rebie thumbnails! She should do all of them! 😊

[@tyler9281]

Dear Lord, grant the Money Guys the will, the drive, the discernment to fix the freaking sign in the middle.

[@DabbinLlama]

Nooo why did you point that out!!!

[@meddings222]

I got my doctorate when i was 29 and had 300k of debt at 6%. I knew people that went the DR approach, lived at home and put everything to the loans. 6 years later, they are debt free. So at 35, they are debt free, with no house, no savings, and nothing to retire on.
There are people who puked money into assets, so at 35, they now have 100k of equity in a house, and 150k in investments with 250k in student loans.
Both paths lead to the same net worth.

[@smilesnluvd6526]

The net worth is only the same at 35ish. What happens as interest begins to compound? Which leads to the more comfortable retirement?

[@eldersprig]

"He's here in spirit." Uhhh. That's sounds like he's dead.
He'd better be defending Earth from anti-financial aliens. Just saying.

[@rickdunn3883]

This makes sense....sometimes do a little of both.

[@argenisperez7810]

I literally asked this question this morning wow

[@destinyschild5768]

But I feel like you also have to consider the minimum monthly payments. Some people like myself monthly payments are not high. For me loan #1 is $55/month and the other is $80/month but that’s because I didn’t borrow more than $15K. Some people borrowed a lot of money such as at the $50K+ and combined with a low income they may not have room to invest due to high monthly payments even if it’s a low interest rate.

[@bradcruise6291]

But why male models?

[@Fold-p5c]

The secret to unlocking wealth is to unlock the source of wisdom that lies deep within each and every one of us.
Lmao jk irrelevant platitude comments like this are hiliarious though and I couldn't help myself sorry

[@fitzgeraldfilmsMN]

I was full Dave u til very recently. Full Dave without ever getting gazelle about it so I’m still in debt, also we decided to cash flow my wife’s first 3 years of grad school. Wish I had done some Roth the last 6 years, but…what do you do. Start now.

[@alishacuddy2473]

My question is after getting 401k match and max roth, what do I do next. If I get to 25% on income invested I will have barely anything left for saving for future expenses but im behind on investing.I will need to buy a car in next 5 is yrs since mine starting to get issues and almost 200k miles. I have 30k student loan debt that pushes my needs spending to over 50% of income. So save up for car, pay off loans, or follow FOO and get to the 25%?

[@AdamG20]

yes focus on your loans and then put the payments you were paying on those loans into your retirement no student loan or no house payment is a good place to be not having a burden of $500 a month and student loans would be quite nice I can't pay for a house because I have student loan debt

[@Ben-bg1dn]

30k of student loans at 30 years of age. Interest at 1.3% though…

[@87vortex87]

Is the rate fixed our could you be confronted with a big hike somewhere in the future? I had some student loans last year at 0%, but was about to jump to 3%
I killed it before the interest rate changed to 3%. (I know 3% is still low, but that was the last debt I had except for mortgage at 1,5%)

[@Ben-bg1dn]

@@87vortex87 it adjust, yes. But it doesnt jump. Will go up to like 1.8% next year

[@bosserman444]

I got lucky to have my highest rate to 3.5, could’ve done the 30 year plan

[@bd928]

Get to the point

[@bestservedchill1489]

My student loans are at 0% because I payed them off in full. Now my wife and I are saving 40% of our income. We saved 55k last year. I don't regret paying our student loans off with a vengeance. No payments equals more money for savings.

[@Corgi_Saurus]

Pay off the student loans!!! Always!! Student loans are bondage!

[@jdhd2837]

Some of us are in to that 🙋‍♂️

[@gabesmith9171]

Yeah this has really annoyed me- Brian Preston needs to get over himself “It’s BRIAN PRESTON the money GUY!”
…..and a meaningless no name sidekick (who carries the show) ??

[@Buy.YT.Views.677]

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