I need a personal financial advice.

[George Freeman]

Hi, my name is George Freeman and I'm new to this platform. I'm a 22-year-old college student, majoring in Civil Engineering Architecture. I have been in school now for the past 3 years paying out of pocket. and because of that, I do not hold any student loan.

For over a year now I have been interested in Real Estate Investing and went to several seminars that try to sell me on getting rich quick in REI by paying them 47K - 50K. But thanks to the help of my aunt I was not sold on the idea, but this is not what I want to talk about.

What I want to talk about is the financial issue that I'm having due to the fact that, I took out an 18k loan in car dept and now I'm not sure as to whether I should pay off my car dept first before getting into REI, or I should just jump into it?

And also I took out a first car loan of 8K that I just got done paying off, and give that car to my older brother to use temporarily, he told me he was going to buy his own car within a month, but it's more than a month now, was that a smart idea or is there a way for me to get some form of cash flow on the car?

I will appreciate all comments and thank you all.

[Caleb Heimsoth]

@George Freeman so first off congrats on paying for school on your own with no student loans. That’s the good part.

Bad part is all these auto loans you have. First step is to get the car you gave your brother back. If it’s paid off I would probably keep it. As for the other car with the 18k loan, sell it to get rid of that loan or sell the other car and pay down the 18k loan.

Pay off all this debt before you do REI and finish school. Good job so far. Good luck