💡 Pay Off Student Loans or Invest? Here’s My Simple Framework
Step 1️⃣: Take the free money first. If your employer offers a 401(k) match, grab it. That’s priority #1 – nothing beats a guaranteed 100% return.
Step 2️⃣: Check your loan rates. Below 7%? Investing will likely grow your wealth faster. Above 7%? Paying off debt could save you more in the long run.
Step 3️⃣: Factor in your personality. Logical and numbers-driven? Follow the math. Value peace of mind? Pay down debt while still investing some money.
There’s no one-size-fits-all answer: just the best answer for you.
