Been in touch with friends who are drowning in debt. I've managed to get them down significantly but I've been lucky. Wondering what's going on with everyone else. What is your age/TC/student loan balance? I'll start: 27/160k/20k
36/360k/0.0000
27/160k/0k
25/170k/0k
the very first thing you should do is get rid of any debt before even thinking about investments and retirements
25/0k/12k...
I think many of friends you mentioned have issues with this debt, picked bullshit degrees to enjoy easy life in fake science specializations.
That or majored on something ending with “Arts” and is working a tech job. It’s one of the things wrong with this country and OP is part of the problem: https://www.forbes.com/sites/zackfriedman/2018/06/13/student-loan-debt-statistics-2018/#3c112e4c7310
Agree, PMs with lib arts degrees are the worst.
27/150k/0k
Be careful with student debt. I was bragging to a coworker I was planning to put 100% of my leftover pay into paying them off. He asked me why I would do that considering it is low interest. I realized I couldn’t get anymore so I paid off my credit cards instead. Then the recession hit and I lost my job. So instead of being stuck with no money and maxed out credit cards I couldn’t borrow against I had lots of cash, almost no CC debt, and a massive low interest loan with a term of 9 years left. I was able to use my credit cards to generate cash flow to pay bills while trying to survive. Paying off my student loans would have ruined me.
The greater the number of people who haven’t seen a bear market, the worse the impact the bear market would have. Bull markets don’t die of old age, but they don’t live forever either.
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With your Age and TC, you should have Zero.
I'm making more in the market than paying in student loan interest
Then you should be paying off the loans.