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re: Should I pay off my student loans as quickly as possible?
Posted on 6/10/15 at 9:06 am to TigerSaint1
Posted on 6/10/15 at 9:06 am to TigerSaint1
Worried mine is too low. I'm at like 680-690, trying to build but don't want to take an inquiry ding only to get denied.
Posted on 6/12/15 at 1:18 pm to TheDrunkenTigah
I would start a systems that compounds every year at around 5% and use that to pay down your debt. Not to advertise... I just help a number of medical professionals pay their down down more efficiently so that they understand OPPORTUNITY COST. Saving with uninterrupted compounding interest is more important over the long term than debt compounding onto p of other debt. There may be links on you tube showing that. You would use an ever increasing cash asset and recapture some of your debt interest in the next year or two all while saving money at the same time. I would put the link to it on my website, but it is still under construction. Hope you find the help you are looking for.
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