Currently 23yo with $65k in cash and $14k in student loan debt. Not sure what the best course of action is. What would you do?

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Pay of the debt and invest the rest

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Pay off the debt right before interest starts to accrue again. That should leave you with plenty of an emergency fund and some money to invest.

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(make sure to leave enough cash for a 3-6 month emergency fund though

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What rate is the debt? What are your monthly expenses?

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Wow, $200 is amazing. Help your folks or plow whole paychecks into the market and some of that cash. Look at pwCs mega backdoor Roth IRA. It’s “after tax” contributions in the portal. Save like 24k there if you can and convert it into a Roth IRA held at Fidelity/Schwab/Vanguard.

Pay off the debt, without a doubt… it’ll be a weight off your shoulders and will need to be paid off eventually

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Pay debt, invest the rest, and then save to purchase property (for either investing or living)

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Make more money.

Wanting to optimize how you prioritize paying down debt and saving isn’t mutually exclusive from focusing on your career and earning more though. You can do both and smart decisions that help you save more now mean when you earn more, you may be more mindful about what you do with the extra income.

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