Hello Friends,
I am a 36 year old (M) married to a wonderful 29 (F) looking for advice on repaying student loans and investing/diversification. My wife is currently earning 155k a year working a tech startup and I am a lab manager at a biotech making 75k, so a combined gross of 230k a year is what we are working with. I have a student loan debt from my time at university totaling $28k. We also have $4k in CC adding to $32k of total debt. We have $56k in our savings account, $67k in a IRA, $54k in equity from a company my wife used to work for and $14k in a 401K. All that adds to $194k. We are not financially savvy by any stretch and do not really know where to go from here regarding using what we have in savings to pay off student debt and making further investments. How should we diversify and how large of payments should I be making towards my student loans? I am currently making the minimum payment, and we have ~$3.5k in monthly expenses not including the student loan payment (~$250). I have recently started looking into P2P lending investments and Realestate notes through Fundrise. Are these types of investments advisable giving our current standing? Any advice would be appreciated - hoping to buy a house someday! Thanks!
Submitted December 31, 2018 at 03:56PM by dog1cat2 http://bit.ly/2LNCfsJ
