$100k+ in student loans

[Sergio Najera]

Hi everybody,

I'm new to these forums and investing, but have read multiple of Brandon Turner's books, along with multiple other books on investing/building wealth.

I just graduated a little less than a year ago and live in Minneapolis, MN. I want to start investing, but a huge hurdle I'm not sure how to overcome is how to manage my $100k+ in student loans..

Currently I'm on a 10 year plan, paying $1100 a month. Currently renting a place for also $1100 a month (this was before I chose to start being smart with money), but will be out in <6 months.

I make about $3200 a month, but obviously have other expenses (food, gas, car maintenance, etc). I've got about $10,000 saved up currently for a down payment/emergencies

Ideally I would house hack, but I'm not sure I'll be able to afford such a place.

I'm really open to any suggestions or ideas as to how manage my student loans in order to begin my investing career. 

If any more information is needed, I'll be happy to provide you with more information. Any suggestions, or even referrals to a financial advisor, would be greatly appreciated!

Thanks in advance

[David Barnett]

I don't think you'll get too much from Dave Ramsey, especially on this site.  He preaches about living completely debt free and pay cash for everything.  Frankly, he caters to the lowest common denominator when it comes to fiscal responsibility.  It works for some, pretty unrealistic for most.  My two cents is that a second job might not be the worst thing in the world.  Looking at the amount of debt to income, I do think you'd need to chip away at the debt a bit, or pare down some of the other expenses.  I think the biggest thing is you might have trouble qualifying for a conforming loan.