I've been maximizing my contribution to 401K with my employer, as they generously match 25% of it.
All my extra money goes towards my student loans at the end of the month. I've been paying off the highest interest loans, which are at 6.55% interest.
I have other loans at lower rates--one at 5%, one at 4.250%, and the rest ranging from 3.150% to 3.610%.
I do have not any other debts, though I may incur them in the future, either through car / home / or starting a business (in order of decreasing likelihood).
I've been aggressively paying off the 6.55% interest loans. They are almost all paid off. My next target would be the 5% loan.
I think after the 5% loan, I'm uncertain if I should continue aggressively paying off the lower interest loans, or instead invest my money in actual investments, like stock and real estate, which could probably have returns higher than 4.250% regularly.
Note I still have to make the minimum payments each month on my remaining loans regardless, but I've already halved this due to my aggressive repayment.
I also already have a safety net of money that is roughly equivalent to ~3 months of paid work. Anything above that usually goes straight to my student loan debt.
Any advice would be helpful; thank you.
All my extra money goes towards my student loans at the end of the month. I've been paying off the highest interest loans, which are at 6.55% interest.
I have other loans at lower rates--one at 5%, one at 4.250%, and the rest ranging from 3.150% to 3.610%.
I do have not any other debts, though I may incur them in the future, either through car / home / or starting a business (in order of decreasing likelihood).
I've been aggressively paying off the 6.55% interest loans. They are almost all paid off. My next target would be the 5% loan.
I think after the 5% loan, I'm uncertain if I should continue aggressively paying off the lower interest loans, or instead invest my money in actual investments, like stock and real estate, which could probably have returns higher than 4.250% regularly.
Note I still have to make the minimum payments each month on my remaining loans regardless, but I've already halved this due to my aggressive repayment.
I also already have a safety net of money that is roughly equivalent to ~3 months of paid work. Anything above that usually goes straight to my student loan debt.
Any advice would be helpful; thank you.
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