If you were 22 years old with $55k in cash and $14k in student loan debt what would you do?

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Payoff the loan, have an emergency fund to cover expenses, invest the rest

likesmart

D1 gets it

Buy Mike Trout rookie cards and his on card autographs.

likefunny

Pay off any high interest debt

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Pay it off yesterday, drop $6k in an IRA, keep a reasonable emergency fund and DCA invest the rest

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Ha - no worries. Thought I’d give you a hard time. I figured that was the case.

Depends on interest rate on the loan tbh.. mine is ridiculously low so I’ve been paying the min

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I bought a house with practically the same fact pattern but they were "on sale" in 2009 so I wouldn't necessarily do that today. I also hated apartment life and really wanted a house, yard, and dog.

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Gme options yolo

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What’s the interest rate? Refinance to the lowest possible rate, keep $5k in cash, and dump the rest in the market and don’t touch

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Put the 55k in bills and carry it around in a briefcase with it cuffed to your wrist in case you have to make any emergency purchases.

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I’d keep the student loan debt around until we get an answer from JB

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Uh pay the debt homie then you can start building your net worth without student debt weighing you down

How is this rationale with extremely low interest rates? Take advantage and get the lowest possible interest rate and dump the rest in VTI

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Unless the student debt interest rate is ridiculously high. Otherwise, invest in stock or earn a master degree

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Earning $54k/year sitting on my butt

Feelsgoodman ☺️

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