All Forum Posts by: Ronnie Woolbright

I agree with Tom Smith on this one and it looks like I am in the minority. I was in the same boat you are in and if I could do it over I would invest as early as possible for a few reasons. 1. Your newly created cash flow will help pay down your debt and you will still have it after you pay it off. If you pay off your loans you will have no cash left nor have any cash flow vehicles. 2. Investing first forces you to learn more about real estate investing. You will learn more with skin in the game which will get you where you want to be quicker. 3. Lastly in my case when I payed something off I as always tempted to spend on credit again. I know 4k isn't much to start with but save it and before you know it you might have another small windfall of cash ( tax refund, ect)