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Thread: Where to put my money     submit to reddit submit to twitter

  1. 2010-06-25 10:32 #1
    Foras
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    Where to put my money

    Graduated college, been in the working field for about 1.5 years now and I’m finally starting to amass some cash. The problem, I have debt and I’m trying to figure out if I should throw everything I have at the debt or invest into something (stocks, 401k, real estate, start up venture (meh)) that would enable me to tackle the debt faster.

    What I have:

    Checking: $20,000+
    Savings (emergency fund): $3,000+
    School debt: $63,000 (spent 2 years blowing money in art school, eventually wised up and switched majors)
    Gross annual income: $55,000

    Currently paying double on my school debt each month and the house is cheap as hell so I have plenty of money left over each month.

    Here are some options I’ve thought of:

    A) Throw everything I can at the debt and pay it off as fast as possible. Temporary stop all retirement investing. No fun shit for years (out to dinner, games, bitches, etc.). Drop the emergency fund down to $1,000. Pay off school debt roughly 4 years.
    B) Continue to pay double payments monthly on school debt, and continue to invest into retirement. Do side jobs. Pay off 10+ years
    C) Start buying cheap ass properties for 40k a pop and flip them. Risky as fuck, but if all goes well I could be making some serious cash. Talked to a guy the other day (whether he is bull shitting or not) and said he made $250k last year flipping properties.
  2. 2010-06-25 10:33 #2
    Ryko
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    Inside your mom
  3. 2010-06-25 10:33 #3
    Diamicles
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  4. 2010-06-25 10:34 #4
    Chun Liroy
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    over there
  5. 2010-06-25 10:35 #5
    Airenn
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    You really expected answers from spam
  6. 2010-06-25 10:35 #6
    Airenn
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    that's fucking hilarious
  7. 2010-06-25 10:36 #7
    Ryko
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    you can get out too
  8. 2010-06-25 10:37 #8
    Chun Liroy
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    ass or gtfo.
  9. 2010-06-25 10:37 #9
    Foras
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    Someone is going to come through on this one, I feel it.
  10. 2010-06-25 10:38 #10
    Airenn
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    Quote Originally Posted by Silentleroy View Post
    ass or gtfo.
  11. 2010-06-25 10:40 #11
    Chun Liroy
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    So you're a man? o ok
  12. 2010-06-25 10:40 #12
    Ryko
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    Quote Originally Posted by Airenn View Post
    youre doing it wrong
  13. 2010-06-25 10:41 #13
    Airenn
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    Quote Originally Posted by Top Tier View Post
    youre doing it wrong
    goddddddamnnit, i took it to mean he wanted ass from the op
  14. 2010-06-25 10:43 #14
    Foras
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    SERIOUS FUCKING ANSWERS HERE

    no

    nigga get a job
    nigga slang the rocks
    sell your ass

    shit
  15. 2010-06-25 10:47 #15
    Conrad
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    sell your ass
  16. 2010-06-25 10:49 #16
    Foras
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    fuck, should have seen this coming
  17. 2010-06-25 10:52 #17
    Qalbert
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    get the fuck out of spam, seriously.
  18. 2010-06-25 10:59 #18
    Foras
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    That's not what you said last night. Faggot.
  19. 2010-06-25 11:10 #19
    Qalbert
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  20. 2010-06-25 12:26 #20
    Ansems
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    We aint friendly nigga, this aint a friendly place. You need to get the fuck out.
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