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I'm thinking about cutting off my beard.
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Nyc couple with $0.5m in income who feels average

Custodial or 529 for child?
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Mathematically, everyone is correct.
I’d pay it off though. Peace of mind beats mathematics.
It’s not only about the money. Independence, freedom, and autonomy - money is just a tool to get these things. Figure out what you really want - then pursue that - it doesn’t have to be like playing monopoly where the person with the most money wins. 😊
Benefit is obviously using the money to receive higher returns elsewhere and possibly higher credit score by showing mature length of installment loans (different from credit card revolving debt). If paying all of it helps you sleep at night, then you should do it. I am only making minimum payments on mine.
Thank you!
Depends on your interest rate and expected salary growth, etc.
If your interest rate is lower than returns, no reason to pay off now. Personally, I've refinanced into a 20-year term at about 3.1%. I'll be paying it off with highly inflated dollars after a decade or so of salary growth and getting more time in the market with current savings growing well in excess of the nominal interest rate.
Did not even consider inflation - that is a great point!!! Tips the scales toward not paying off a bit more
Mentor
Make minimum payments if your rate is low or you can refinance to a low rate. Better off investing the difference in the long run.
Everything here. But keep in mind there is nothing wrong with debt—food debt. Now if you were $30k in credit card debt, that would be a different issue.