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re: What do I do with my money next?
Posted on 8/25/13 at 1:42 pm to matthew25
Posted on 8/25/13 at 1:42 pm to matthew25
quote:
And do get the emergency fund and a house!
Buy a REASONABLE house and work on getting it paid off. There is nothing like having your home free and clear. B/C we did this 15 years ago, now, as we approach retirement, we can pretty much do whatever we want.
Get rid of that student loan debt. Debt free is the way to be. Pay off ALL debt.
This post was edited on 8/25/13 at 1:44 pm
1
Posted on 8/25/13 at 2:40 pm to Bama54
quote:
Get rid of that student loan debt. Debt free is the way to be. Pay off ALL debt.
That student loan debt is at 1.75. There are a bunch of options that can offer a better return for less risk than tying your liquidity up in debt repayment.
To put it into perspective, inflation is outpacing that interest rate. You're basically losing purchasing power by paying it down early at this rate. If the rate is fixed, then it is reasonable to expect that the student loan principal will become cheaper to pay down over time.
This post was edited on 8/25/13 at 2:48 pm
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