23

>23
>$25k student debt
>Just got $80k life insurance
What do? Pay off debt first? Then what?
I have a shittier job right now, but monthly total expenses are

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Definitely pay off your debt
Don't do anything foolish with the rest of your money (this includes crypto)

pay off debt invest 20k in vanguard throw 10k in stocks 5k crypto the rest save in bank for rainy day fund

Pay off debt. Also look into real estate for passive income. I would look at auctions for foreclosed homes.

>Pay off debt first?
Absolutely fuckin' YES.

Then start saving until you land a decent job.

'Debt' means you're fucked up.

Thx for the responses. I am an absolute brainlet when it comes to money, as I've never really had such a large sum saved up, so I've never really had to make plans with it.
I assumed paying off debt was the first and foremost thing to do. I don't intend on putting money into crypto, but have been trying to figure out what to do with the remainder.
Real estate seems out of my league as I don't plan on settling down in on area of the country yet.
Vanguard, or something similar, is what I've been leaning toward.

So go online right now and pay it all off, ye?

is there anything I need to know before doing this?

If you don’t immediately pay off your debt you are a fucking idiot

So I just pay it all online right now? This seems too easy and I feel like I'm getting fucked because I'm missing something. I want to pay off my debt asap, but I just want to be absolutely sure I'm not screwing up somehow

Imma do it

You fake your death, and then sneak across the border as an illegal "refugee" before the wall goes up... Profit!

Ok. I did it. Student loans all paid off.

gj put 20k in vanguard returns is decent

Now all in Link

jesus christ OP, they're trolling you idiot

why would you pay off a non-collateral student loan
think about it...what the fuck are they going to do if you don't pay it back? take away your education??

jesus christ kid, get that transaction reversed ASAP

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Paying off your debts are a fine idea in principle as long as:
1) you can't outpace the interest with gains
2) there are no other variables in play

Unfortunately for you, you've just screwed yourself out of cheap jew-points (credit score) just by making multiple on-time payments, and you could have outpaced interest easily in the LINK market.

Student loan interest rates are shit. He is better off without that debt hanging over him.

I have a 780 credit score tho. And the interest rates on the loans were always going to be higher than potential investments.