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Updated over 4 years ago, 03/23/2020
Investing vs Student Loan
Hello Everyone,
So I really wanted to know people's opinion on this topic. It's really about what I should do.
I have a significant amount of student loans. Really talking about $120k of it at about 8%. I also saved up about $23k in my savings. It's hard to save up because I'm doing income based repayment right now.
So I go back and forth a bit. My brother was suggesting we flip houses outside our day job so we can build up capital. I see this as a possibility. Other thought is just work on paying it off without investing or flipping.
What are people's thoughts? I've seen different things. Rich Dad has been very much invest. Dave Ramsey is very much just work in paying off debts. Seems almost conflicting. I guess part of me is hesitant of spending 5 years paying off debts. But maybe I have to. I would like to start but don't want to be too careless.
Thoughts?