Student Loans

Does Paying Student Loans Build Credit – Why You Should Pay Off Student Loans Before Investing

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Does Paying Student Loans Build Credit – Best Deal Right Now?

Daniel recently graduated from college with about $20,000 in student loan debt. Dave explains the financial reason for paying off his student loan BEFORE investing.

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24 Comments

  1. random 4815
    July 25, 2021 at 8:19 pm

    Great video esp for anyone with a logic brain to watch.

    he is right. As humans we tend to throw out risk on certain things when it makes no sense to do so. Usually in the name of not wanting to let go of that money cushion.

    The other thing is Dunning Kreuger. Humans have an uncanny ability to overestimate their ability to be good at something.

    so everyone thinks they're the person who can be responsible with holding on to debt longer and also doing other things and the reality is they probably can't balance all those plates as well as they perceive themselves to be able to.

  2. Julio
    July 25, 2021 at 8:19 pm

    Doesn't seem like any of them took a finance class.

  3. Viviana Alvarez
    July 25, 2021 at 8:19 pm

    Please add subtitles Dave 😭

  4. Michael
    July 25, 2021 at 8:19 pm

    4:49 lol Dave muted the poor fella

  5. Crazydog 330
    July 25, 2021 at 8:19 pm

    I've still got about 15k in student loans i think, still not able to find a job that pays enough yet yearly to justify paying it back yet, probably in default but i guess ill just focus on keeping food in the fridge since thats about all i can do

  6. drnabilkhan
    July 25, 2021 at 8:19 pm

    I wonder how age factors into this scenario (paying off student loans prior to investing). I am in my upper 30s; with approximately 85k in student loans left; income of 85k/year; if I don't invest some of savings at the same time as making loan payments I feel I am missing out on compounding investment gains. If I was in my early 20s maybe it wouldn't matter; but at this age wouldn't it be smart to keep investing (even if a small amount) while simultaneously making loan payments?

  7. Michael
    July 25, 2021 at 8:19 pm

    Does anyone know where I can find this Everyday Millionair study he keeps talking about? I'd like to study the methodology.

  8. we wear the mask
    July 25, 2021 at 8:19 pm

    With this smart beta logic, David would be supporting government bonds as an investment because of the risk adjusted return. Your loan is essentially a short position on fixed income and if you reduce risk by reducing exposure there, then you can also increase it by adding a fixed income position to your portfolio.

  9. Brian G
    July 25, 2021 at 8:19 pm

    Yeah, well good luck investing now as your taxes will be going up to pay for Biden's plan erasing people's student loan debt. Madness.

  10. Jimmy M
    July 25, 2021 at 8:19 pm

    20k?, I have 260k in debt

  11. Artificial Intelligence
    July 25, 2021 at 8:19 pm

    why isn't paying off mortgage not in baby step 2 ? if he pulls out his investment, thats a lot of loss in compound interest

  12. bindingcurve
    July 25, 2021 at 8:19 pm

    Student loans are even worse, they are incredibly hard to have forgiven or discharged.

  13. Sophia Smith
    July 25, 2021 at 8:19 pm

    END OF A DEBT FREE JOURNEY!!✅ Reddit recommended Stark Brian services! He assisted in paying off my mortgage, credit card debt and fixing my credit. Contact trusted expert Brian on Whatsapp +1(201)201-1042 Instagram: @pro_carl or starkbrian5@gmailcom

  14. Jean P.
    July 25, 2021 at 8:19 pm

    This finance science is above my head but I do understand get rid of your debt.

  15. Justin McDearmont
    July 25, 2021 at 8:19 pm

    Working with Jason has been a blessing for my finances I got all my credit card, student loans and mortgage debts totaling $290k paid off. Reach out to him on 2 8 1 — 7 6 8 6 —8 8 0

  16. JiisTube
    July 25, 2021 at 8:19 pm

    Kid's doing great but gotta work on learning to listen. I been there

  17. McCann Health Company
    July 25, 2021 at 8:19 pm

    I got help from expeditetools,com financially .They got a transfer of $30,000 directly to my account .

  18. David Ngo
    July 25, 2021 at 8:19 pm

    Sorry but you cannot just say all debt has more risk and not tell us how to calculate that risk with respect to stocks and call that logical. You need to give more details and calculations. And then his second point is that rich people have more cash flow to invest. So isn’t investing better when you have more in there than paying off debt too soon?

    I don’t buy this at all

  19. saeed zaeed
    July 25, 2021 at 8:19 pm

    All my debt and bills was pay off with the help of Kelvin_hacktrick on Instagram is real and leggit 📍📍📍☑️☑️

  20. saeed zaeed
    July 25, 2021 at 8:19 pm

    All my debt and bills was pay off with the help of Kelvin_hacktrick on Instagram is real and leggit 📍📍📍☑️☑️

  21. Richard Darwin
    July 25, 2021 at 8:19 pm

    Got my debt paid off entirely, it was a debt of total 73k all cleared. Thanks to David. He also raised my credit score in the process. Hit him up on 4 6 9 – 3 3 6 – 8 8 5 6. He is a credit repair professional and debt relief expert.

  22. Donnan Jessie
    July 25, 2021 at 8:19 pm

    Having to deal with debts is just crazy. Had loans , mortgages and credit cards running up to 75k . I gave tony a trial and I didn’t regret it working closely with him prove worth it . I can now say am fully off paying any form of debts . Reach out to him on + 1 2 5 1 2 6 5 3 2 5 9

  23. CSM1470
    July 25, 2021 at 8:19 pm

    Money invested early and for a long time will out perform a 6% student loan every time. Invest young man. After three years…will you be happier seeing 20 to 30k in your 401k or ameritrade account with 15 still owed on student loan or zero invested and student loan paid off. Remember that 25k invested will grow every year for ever and will get you off to a great start. So invest NOW and pay off student loan slowly. Make it an automatic withdrawal every month and you won’t even miss it..and watch your investment grow.

  24. Light Heart
    July 25, 2021 at 8:19 pm

    …Yeah. The 22k I put in my 401k vested and is now 44k because of the match. But if I had sent that to my student loans plus all the money I've sent to them during the forbearance. I'd be student loan free this year instead of 2 years from now…