I just spent the last 2.5 years paying down about 45k in debt to 14.3k (only federal student loans left @ 4.25% interest).
For context, I’m recently 29, make 85k a year and have a stable job (but new to this level of income). HCOL area.
Currently, I have about 6k in a Roth IRA and 13k in a savings account.
I can save about $1500/mon from my paycheck if I’m frugal.
For the last several years I was super focused on becoming debt free. Now that I’m in a more stable financial place, I’m not sure what my next move should be. I don’t exactly love my career, so I’m not sure if it’s something I want to continue with into my 30’s (even though I have a lot of growth potential in this industry). Should I pay off my student loans or should I be investing in the market? Potentially might also want to change cities at some point, so I’m a little wary of (non-investment) real estate.
I have worked super hard to go from being poor to having this flexibility. I guess I just figured that I would have a better plan at this point. But I don’t.
Submitted October 12, 2021 at 02:04AM by twinksandtequila https://ift.tt/3asbhnp
