All Forum Posts by: Eric Sipe

@Adrian Rae Wow, thank you for the insight and real life story! I'll have to give both of those options a thought over the next couple months. I'll make sure to update this thread! Thanks again

I forgot to mention! My state is offering to pay $16,000 towards my student loans. That is $4,000 for four consecutive years, starting January of 2021.

I want to start investing and have an investment plan, but there is one thing standing in my way: debt. Should I pay debt off first and then invest? Should I invest first and slowly pay off loans?

So a bit about me. I am just about to start my first job and am about to have to make payments towards my student loans. I have $38,876 in student loan debt. I know a LOT of people have a LOT more in debt, but I am still concerned. (I also have about $10,000 in car payments left - another stupid choice I made when I was younger; I do have a credit score of 752 and absolutely no credit card debt.) As far as student loan debt pay-down goes, how should I approach this?

My current loans are:

The student loan refinancing company said they could give me this:

Should I refi my student loans through the company then? Thanks for the help!

For clarification, I'm about to start my first full-time job after graduating, so this is new to me.

Pretty self-explanatory. Is life insurance something I should get or should skip? I've heard people be adamant about getting it and I've heard others say it's a scam that you don't need.

Thanks for any tidbits of info!

@Kevin Dean @Brandon Roof

Ah, makes sense! Thank you both for your input! I'm definitely going to do the match then and will look into Roth IRAs as well.

@Brandon Roof

Thanks for the advice! Why the $6k in a Roth? I need to research Roth IRAs more I guess!

Hi BP!

My question is pretty simple. I am about to start my first full-time job after graduating college (whoops) and want to start investing in RE in one year after saving 65% of my income for a year. My job offers a 403B (just pretend it is 401K for all intents) that has 100% match for 4% and 50% match for up to 6%. Essentially if I contribute 6%, I'll get 5% matched.

Should I do it or no?

In one corner, my thoughts say "Do it, it is free money" and in the other corner my thoughts say "Dont do it, you will lose out on opportunity cost if you throw that money into the retirement account instead of putting it towards your first REI."

Advice is much appreciated!

@Caleb L.

I've actually never heard of that book. I'll check it out since you clearly find it valuable. Thank you!

@Raphael Collazo

I'll give it a read! Taxes are difficult to grasp, so hopefully itll help me. Thank you!