I make 70K/year. What would you do in my shoes?

Question

I'm 25 and make 70K a year. The catch - I have 50K in debt between my car and school loans. I want to be a big-time investor (I know, the usual right). What would you do to make my dream a reality?

Mary K. · Answer

I personally would sell the car, get a used Toyota Yaris for like 4k, decrease your expenses and go all in on paying the rest of the loan off in a year max.

After the year of living on a crazy budget, save like a normal person and invest the rest. That is what I did anyway.

You can do it! Nothing easy is worth doing :)

I make 70K/year. What would you do in my shoes?

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