I’m about to come into about 120k from a lawsuit from medical negligence.
Question to you is should I pay off my house (108k) or my student loans (98k)?
Give me your solid reason to which and why.
I’m about to come into about 120k from a lawsuit from medical negligence
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Blow it on hookers and drugs.
Whatever has the highest interest rate.
Isn't the interest rate for your mortgage higher than your student loan?
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This is the correct answer.
buy a new kid
It’s better to do neither and instead invest it in an S&P 500 low or no management fee index fund.
Neither. Don’t waste your money on that shit. Buy a small shitty apartment complex, fix it up, rent it out. Sell it and capture equity and do it again and again and again. You’ll have a million in less than 5 years
Buy $30k in LINK crypto and you'll be a millionaire next year
t. /biz
Whichever has highest interest rate. The interest is where you are losing money.
Assuming student loans is the highest, pay off student loans and then you should either throw the rest into your mortgage, or invest it in index funds.
You can also then use your freed up student loan payment to accelerate your mortgage payment.
House, fuck your student loan
Not necessarily because he may be able to write off more mortgage interest on his taxes than student loan interest.
Give me $100 plz.
Also, student loans.
Neither. Turn that 100k Into some real money. If you just use it to pay bills you don't deserve to be rich in the first place.
>invest in S&P 500
>Dow is down 300+ points today alone
OP, if you do this, don’t touch that money for a good 10 years at minimum
>I'm about to come
oh god me too
Pay off the one with higher interest rate.
Hello Jesus.
Pay off your mortgage, default on your student loans.
get out of debt ASAP.
debts mean interests to pay.
as the saying goes, salvage the boat without holes first.
98k --- debt loans
22k --- down payment out of the 108k for the house, making it 86k.
Work your ass off and become a debtless house owner. Don't let Jewish leeches leech off you anymore.
buy Crypto before the next run
Hold it in a savings account to accrue interest for the child until it is old enough to utilize it responsibly.
this OP listen to this guy
Fpbp
But if you are responsible buy your house, it’s always good to have a roof over your head and start a business with the rest.
always pay off highest interest debts first, if you have any credit card debt pay that shit first
once your debt free you go blowing it on tech you dont need
Pay like 10-15k on each then invest the rest in a diverse portfolio, depending on your age you won’t have to work past like 45.
Student loans the house orrr do the Sam Hyde Nick Rochefort move and call the company and drop your loan payments to $1 a month
real answer. buy $amd stock
Pay off those student loans. Your house might actually appreciate in value while you pay for it, your loans never will.
Student loans, because at least the house has equity value regardless of the mortgage. The student loan is nothing but straight debt.
This OP, everyone is tired of NVIDIAs heeby business practices and Intel's actual Jewishness and lack of security. AMD us poised to break out soon, if not very soon. Crypto us making a comeback so miners are going to look for the most bang for their buck and that will be AMD, companies are realizing cloud computing is not bulletproof so they want more server side security on their own end. AMD is going to win that game too. I used to be an Intel fanboy, but the ridiculous prices and CPU vulnerabilities now being observed in the wild, Intel can go fuck themselves, and NVIDIA had only been popular because no on else has ever beat then
God bless Lisa Su
No, not always. But in this case yes. Usually you pay off the lowest balance then move the payment for that to the next lowest balance.
Snowball effect.
House then no matter what at least you have a ton over your head. Then use the monthly mortgage payments you were making to pay extra for student loans. Debt free in no time.
Student loans first. You can write off home loan interest from your income on your taxes.
This, but use the leftover on the other. Then apply the freed up income to the remaining debt.
Red 19
compare the rates you are paying on your loans to what you could get if you invest it. i/e if you are paying an average of 5% on your loans and could get an average of 5% or more on your investment, it actually makes more sense to keep the debt and pay them off with the interest you are getting from the investment.
House.
just realized someone said this earlier. this.
Student loans it so it wont fuck you ever agaib
First thing I’d buy is hand soap and finger nail clippers. Your hands are disgusting
>NVIDIAs heeby business practices and Intel's actual Jewishness and lack of security
Why would a crypto miner care about either of those things
house.
you can always sell a house.
pay off house
can't repo an education
Surprised there aren't more "This" for this.
And this
I'm no financial expert but it does seem that this is an opportunity to make money rather than just to pay off debts.
no retards first you get rid of debt, than you invest.
This guy is correct
You do know they can garnish your wages if you don't pay them, right?
Don't be a fucking fool. Pay the student loans, giving you 20k for savings and keep saving on it. Even if everything goes to absolute shit, your student loans will follow you through it all.
Student loans, because worst case scenario declaring bankruptcy will free you of the debt to the bank for the house, but you can't get rid of student loans that way.
There have been threads on /g/ where anons have linked to btc scraping scripts, a digital currency needs digital security
Didn’t see anyone mention this but mortgage interest is tax deductible. Student loan interest is not.
That said you still need to figure out what the rates are and which would be a greater savings.
I’d pay off the mortgage because being able to be unemployed and not end up homeless is a good safety net. That’s just me though.
Do your research and look for opertunity to invest and build. Blowing it on your debts is what the Jews want.
If it were me I'd pay off the house. Then it can't be taken from you, and you're guaranteed to always have a place to live. Plus you'll have a big chunk of equity if you ever do decide to move.
Paying off student loans is great, but it won't give you as much of a benefit.
It has been mentioned
Not OP but I'm pretty sure I get tax breaks for student loan interest paid down, it's probably not comparable to home mortgage though.
Maybe it's just a state thing?
Actually, you’re right. I earn too much for the student loan interest deduction. The mortgage interest deduction is nice though.