Prioritizing Student Loans and Building Wealth

When it comes to prioritizing student loans, a key consideration is whether to aggressively pay off the debt at a 4.6% interest rate or focus on building wealth. The decision depends on factors such as age and understanding the wealth multiplier effect. For younger individuals who have time on their side, prioritizing investments that have the potential to generate higher returns, such as retirement accounts, may be more advantageous than solely focusing on debt repayment. It is important to consider the financial order of operations, including emergency reserves, tax-free growth opportunities, and retirement savings, while ensuring that student loans do not accumulate interest.