BiggerPockets Money Podcast

541: Finance Friday: I've Got $150K Student Debt at 6.95%, Should I Invest?

4 snips
Jun 28, 2024
Should Lauren pay down her $150K student debt or invest for the future? The podcast explores her journey to financial independence, career aspirations, and dream lifestyle. Topics include debt paydown strategies, real estate investing, retirement contributions, planning for a family, and balancing financial goals with personal interests.
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ANECDOTE

Lauren's Financial Awakening

  • Lauren realized early in her career that financial literacy was crucial despite her initial belief money was a man's responsibility.
  • This realization sparked her deep dive into managing her finances effectively.
INSIGHT

Couples Must Align Financial Goals

  • Lauren and her partner face combined financial planning challenges including handling $150,000 in student loans.
  • The strategy needs to align with their goal of reaching financial independence in 20 years.
ADVICE

Explore U.S. Real Estate Investment

  • Consider investing in U.S. real estate markets for better affordability and cash flow opportunities.
  • Canadian real estate is typically more expensive and mortgage terms fluctuate more frequently, which may complicate investment.
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