Not sure what to do

[Kewin Garabito]

hey Bp community, 

I'm a full time student and worker with a little debt and a little cash. I've cut back DRASTICALLY on my spending so my only real expense monthly would be my car payment. Sometimes I want to put all my money towards my car so I can get rid of that payment giving me better chances when getting a loan from a bank for my first rental property but, other times I feel like I'm putting no money towards my real estate dreams. It's extremely stressful. Now my question to you all is this, do I pay all my debt first? Or should I not worry about my car loan and just focus on putting all my money towards a down payment and begin investing in real estate now? I'm LOSING SLEEP over this because I don't really know which I should give more importance to right now. 

 If you were, have been in a situation like mine I URGEEE for some type of feedback. PLEASE help me in making the right decision or guiding me in the right path.. Any advice would be appreciated.

Thanks in advance,

Kewin

[Richard Redding]

When I was 22 I went out and bought a brand new 2002 Subaru WRX, borrowing about $20k. My net worth at that time I would guess was negative.

Now that I'm 38 and and have a substantial net worth I drive a 2002 Honda Civic with 140,000 miles that I paid for in cash for $3300.

Guess which version of me is smarter and happier?

What kind of car is it and how much do you owe? Can you sell the car and buy something completely paid off? It just needs to start and run, you can find that for $2k or less.

Also, don't lose sleep over this. If you have trouble with stress, you need to find an outlet. You will not make good decisions if stressed. I think rigorous exercise is hard to beat, your school probably has a jujitsu or running club. Reading is not bad either (and free at the library), I recommend 'Waking Up' by Sam Harris. 

Good luck