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Updated over 5 years ago on . Most recent reply

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Mohammad Haidarasl
  • San Antonio, TX
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Should I focus on REI first or eliminating my student loan debt?

Mohammad Haidarasl
  • San Antonio, TX
Posted

I have quite a huge student loan debt, which is the only type of debt I have. I would like to get into REI immediately but like to know the smartest move to make.

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Anthony Gayden
  • Rental Property Investor
  • Omaha, NE
3,309
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Anthony Gayden
  • Rental Property Investor
  • Omaha, NE
Replied
Originally posted by @Mohammad Haidarasl:

I have quite a huge student loan debt, which is the only type of debt I have. I would like to get into REI immediately but like to know the smartest move to make.

 This would be easier to answer if we know how much student debt you have and how much you earn? There is a huge difference between you owing $18,000 and $300,000.

If you owe $18,000 and make $100,000/yr, then I suggest you pay it off as soon as possible. Postpone investing until after you are finished. If you owe $300,000 and make $20,000 then I suggest you put off investing or paying the loan down until after you can greatly increase your income.

  • Anthony Gayden
  • Podcast Guest on Show #21
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