Should I Cash Out Stocks To Pay My Student Loans?

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[elianah]

40K salary is not a lot but this young man is probably 22 years old with a high earning potential ahead of him. The fact that he has a degree and only accumulated 11K in student loan debt is amazing. His future is bright. He’s starting out at 40K, no debt and a fiancée in a similar situation. Bet he won’t be at 40K for

[ChrisInvests]

At least he has some money instead of having a severely negative net worth like many with student loans 🤷‍♂️

[amanhasnoname]

What house is he going to buy in two years making $40k/yr in DC? A cardboard box?

[verysmarteducation]

Pay the debt off. Stocks can decrease in price real fast when you least expect it.

[HermannTheGreat]

No matter how much you have, debt always produces stress.

[DanielIles]

I JUST made a video about this as well!
Student loans don’t go away. If the market crashes and you need money you will still have to pay off the loans. I say pay it off.

[ShaneHummus]

Good money management and paying debt really makes you grow fast.

[dbix]

I literally just sold my stock to pay off some debt, feels good.

[codyrae]

Take a look at the people saying to avoid marriage. They are exactly the type of people you would expect.

Marriage isn't easy but financially (Among SOO many other things) it has proven to be the best thing I have ever done.

[pinkpanda]

Cash those stocks out and pay off those loans before they start accumulating interest and possibly snowballing higher. Get rid of the shackles....the student loans.

[jermaineporter]

I’m really in this situation and I just don’t know

[snbi]

Pay off the student loans ASAP. It’ll help you towards the path to wealth really fast. Best of luck and as always, be wise with your money.

[matthewhenson]

Great start. The quicker you can pay those off and stay away from those mile high interest rates the better.

[DanielYeung]

If his percentage of return is greater on his stocks, then he should keep the stock and pay off the student loans with his income, he can deduct the interest off of his new income especially because he is single. This is the smarter move, bring on the downvotes.

[DigitalHaze]

With the markets at all time highs, and valuations pretty high as well, this is a great time to sell the stocks and pay bad debt. Then start saving like crazy so you have something to take advantage of a crash if it happens.

[Magdalena]

My husband and I got married when I was 19 and he was 20 and unfortunately we started out with debt from credit cards that preyed on my husband since he was a young military guy. I wish we would have known about dave Ramsay at that age and started off on the right financial foot. 13 years into our marriage we're on baby step 2 so better late than never lol

[mariesaver]

I, d love to use the every dollor App. Unfortunately the App is not yet available here in Germany.

[raulgolfs]

Based off the title of the video I would say depending on he age of the individual. But if it was me 34 with $20, 000 in student loans I’d say no. Just get busy in baby step 2

[chrisrock]

Off this subject but I'm curious about something. Is it wise to donate money if you have debt or house needs repairs. My mother has a habit of giving too much to the church and leaving tips that are well over 15% and is in debt and has house repairs that need done. My dad passed 7 years ago and I'm sure she's given away at least 10k but the chimney is crumbling and the house needs new windows. I'd pay for it if I could but I have a wife and 2 kids. Plus the fact that she's giving money to strangers doesn't help.

[InvestingEducation]

Get rid of crippling debt first and foremost. Most ppl r not going to invest that well that they beat the interest penalty on credit loans. We use money we dont need for years for investing in stocks for our portfolio on our channel.