Here is my response to @CalebHammer during his Financial Audit – Student Loan Debt!
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New investors are so cute.
Dumb to paying them off if you can get higher interest.
wait that is all of his student loans? that is quite low. good on him.
Pay it off because you never know what the future holds.
So how can you take advantage of having big student loan amounts??
It will be fun when the bull run is over and the 20 year old expert investors meet Mr Bear for the first time in their life.
Caleb doesn’t have a degree in finance he only makes videos that we can all do. He just one of us. We can all comb thru peoples finances and go whaaaat ????. And make frown ?? faces. He doesn’t even know that student loans are compounding interest and if he pays the minimum payment it will take him 15 years it just an inconvenience
Most personal finance is about monthly balance, not the actual amount. Especially since inflation exists. Paying it off quick will give you the satisfaction with overcoming short term saving with crossing it off the list – but really isnt the smartest.
I feel nothing. ????
Lol!!!!!! My wife's over $600,000 in student loans. That's NEVER being paid off
Oh dang I need to see Caleb’s finances ????
It's really easy to get out of student loans when you went somewhere like itt tech.