My wife and I are coming into about 120k from a medical negligence lawsuit concerning my son, see picture

My wife and I are coming into about 120k from a medical negligence lawsuit concerning my son, see picture.

What I wanted to ask you was should we pay off our house (108k), or my student loans (98k)?

Give your answer and solid reasons as to why.

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Whichever has highest interest you dumb fucking shit

Oh look. It's this thread again.

take the money and run do as many whores and cocaine as you can then off yourself while leaving a note saying you hid half money in the place you first met your wife and the other half in your sons favourite place

Which one has higher interest?

This. I bet it's the house

This.

And give rest to son. You twat

He is getting 60k aside

its actually probably not the house, if it is OP you need to refinance your shit asap.

spend it on the house and pass it down to your son later in life

buy my 50000 mooncoins for 100k, they are about to moon and will make you a millionaire

the house, then ignore the student loans

Your sons going to loose his hand and your thinking about money. What a kike faggot

pay off 20k to the loan with the higher interest rate.
then invest remaining 100k into bitcoins and trezor wallet. currently bitcoin is 8.5k each.
bitcoin will goto 100k each in 2021, 2 years, 1million in about 5 years.
pay off both debts in a few years, keep a few bitcoin for the 1million level and retire yourself and your future kids
thank Yea Forums user later, this is my current plan

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Student loans, if you pay off house they'll raise your student loan rates and threaten house as collateral

Student loans. It may be a smaller ammount of money, but you can never escape it. Sure You can file for bankruptcy if the worst ever happens, but what are they gonna do? Repo your education? The point is, you can escape a home loan in the worst situations, but you can never escape student loans

Why the fuck would you pay off your house dipshit? Use the money to purchase another house, rent it out and let it pay off your mortgage so in 15 years you have an 2 assets that have grown substantially in value. Paying off your student loans is retarded.

What happened to your kid?

>This
This only works if you purchase either an up and coming neighborhood or out of a high income neighborhoods, taxes will fuck you.

>Pay off Student Loan
>Have no appreciable Capital despite invested money

>Pay Off House
>Have considerable Capital to use for bargaining
>Re-mortgage house at lower financing rate, pay off student loan using lower-interest mortgage

...

Medical negligence, they were trying to transilluminate his hand with a light to find an vein for an IV, they used the wrong light.

Literally came in just to give this advice
OP is clearly low IQ

>Taking student loans
Are you retarded?
From financial standpoint student loans are a scam.

Pay off your house first. It will gain equity and if you need cash in the future you can take out a 2nd.

Definitely student loans, the interest on those are crazy.

Not even a question. Pay off the house and put the rest away and continue paying your student debts. Take care of your house.

Look at interest rates for your house, your student loan, and talk to a financial advisor. It’s all about maximizing what your money can do for you.

1) Refinance your home

If you can get a better return than the interest on either loan, invest the money.

Neither. You should have enough equity in your house to pay off the student loans when you sell it. Then take the money and dump it in the stock market after the upcoming crash or buy another house after the crash with the money

This. Finance and Econ degrees here.

The house. Own the house retard.

Soon you'll be a faggot with half of that student debt. Might even get a forgiveness of it since it is a scam and something you don't pay off like the hospital bill.

Not paying rent does wonders. The real debt here is the ownership of the house your son inherits. He literally doesn't have to go to college like you did.

Let me think about that one, the scam or the best decent shelter? The house. A real estate asset you can whore out like the car.

And keep the 12k in the bank. Pay the student loans absolutely nothing.

Checked. Underrated.

>child suffers
>How can I most benefit from this situation?

Okay nigger.

Roth IRA.

I see a safer profit giving it to the hooker im into to gamble in vegas at least I can steal it back.

98k toward house, 22k to loans. House is way more important

An American getting into more debt in an economy where turning a profit is impossible.

OP already won the American lottery, the only thing that's gonna happen here is he's going to take his son's 60k.

true housing market has been going up but may level out soon

Invest in property or stock market, if not an option pay off house, can't sell a student loan.

student loans, duh.

This is the stupidity that got you $90k+ into student loan debt to begin with.

How you motherfuckers manage to sink that deep I have no idea, aside from a private school which is the epitome of autism.

Nice digits.

It's almost as bad as the guy who told him to give it to the internet people in memecoin. That kind of money... I would lose it seeing just 20k out of 120k. I would rather keep it than pay off an interest rate into more future savings.

Invest 100k in memecoin I'd rather give it to charity. You don't save up 100k starving yourself for 15 years of your lifespan.

Doesn't matter. Land will always appreciate period. There's only so much of it