so if I put $500 a month aside for student loans and invest it into an index fund I should be able to pay it off in half the time if I'm doing my math right.
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this is assuming 0.1 growth which seems to be the low end for most index funds. a few are in the mid 0.2 range.
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I think I'll pay off these loans if I actually do this before any interest is actually due on them? save me $6k
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the market is probably going to die soon so it is probably a bad time to get in
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Replying to @granderojo
probably a bad idea for (reasons) well What's the interest rate on your loans?
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Replying to @eigenrobot
0.0376 on $4,651.98 (unsubsidized) 0.0450 on $18,190.00 (subsidized)
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Replying to @granderojo
Hmm Yeah you could probably pull it off Keep making those minimum payments
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one thing to consider you might be better off building up a cash cushion and keeping it somewhere liquid and low-risk to handle emergencies before you put assets in other assets like 3-4 months of cash on hand
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Replying to @eigenrobot
I try to make it six months but lately it's been hard. all these plans were for after I found. a job and built up the six month reserve.
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