Been pretty curious about this lately, and wanted to get some advice.
I'm 28 years old, make about $130,000 a year at a stable job. I have been contributing 15% to an ESPP (employee stock purchase plan), 12% to my 401K and 6% to an IRA on every paycheck.
On top of that, I am also paying close to $500/month on a student loan balance of about $45,000. My debts include: - $10,000 in CC debt - $45,000 in student loan debt
Most recently, last year or so, I've been playing the stock market. I have also been investing in digital currency for almost 5 years now.
As of right now I have liquid investments of: - $10,000 from BTC/ETH - $10,000 in Robinhood - $16,000 in RSUs - $5,000 Cash and Savings
I guess the question is twofold.
- Should I stop contributing to 401K/IRA/ESPP as well as investing in stocks and digital currency until I pay off my CC and Student Loan debt?
- If my percent yield on my liquid investments is higher than the interest rate on my debts, should I just continue doing what i'm doing?
Bonus question: should I just liquidate all my assets, pay off as much debt as I can and start from scratch? I have 31K in liquidiy vs. 55K in debt.
Also, 2 loans are federal 1 is private. Would love to consolidate but cant seem to find the best plan of attack.
Thank you strangers!
Submitted April 18, 2017 at 10:00AM by jabrow http://ift.tt/2pvGuA7
