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Updated almost 4 years ago,
What should I do with $58k?
Hello there! We’re at an awkward stage in our careers. What would you do if you were in our shoes?
- married 4 yrs
- we have $58k in cash
- we owe $77k in student loans (4%)
- we both graduate with law degrees in May
- we currently live with family until we take the Bar exam in July
- both cars are paid off
- no kids
We aren’t sure where we will get jobs so we are hesitant to purchase RE until we know whether we will be in NV or UT.
Would you:
- pay down student loans?
- try and buy RE in either UT or NV? (Financing would be hard because we’re both working part time)
- invest in a high yield savings account until we pass the bar and know where we will be working?
- something else?
We’ve purchased, lived in, improved, and sold two properties in the last 5 years. We’ve had a ton of fun with it and want to FIRE. All advice is appreciated. Thanks!