Student Loans

What Happens To Student Loans If You Withdraw – Should I Cash Out Stocks To Pay My Student Loans?

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What Happens To Student Loans If You Withdraw – Most Popular?

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43 Comments
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43 Comments

  1. Alexander
    July 26, 2021 at 4:58 pm

    Should I sell my stock investments to replenish my emergency fund quicker to get back to fully investing my money?

  2. Jermaine Porter
    July 26, 2021 at 4:58 pm

    I’m really in this situation and I just don’t know

  3. Mandy Kelly
    July 26, 2021 at 4:58 pm

    What would he say about cashing out stocks that have been increasing substantially over the years to pay off mortgage? Mortgage being the only debt.

  4. Allen Greathouse
    July 26, 2021 at 4:58 pm

    Save it don’t sell it

  5. Cody Rae
    July 26, 2021 at 4:58 pm

    Take a look at the people saying to avoid marriage. They are exactly the type of people you would expect.

    Marriage isn't easy but financially (Among SOO many other things) it has proven to be the best thing I have ever done.

  6. Brother Voodoo
    July 26, 2021 at 4:58 pm

    Forget getting married and pay off the student loans.

  7. instinct022
    July 26, 2021 at 4:58 pm

    If you get a loan for 25k for day trade, make 2% every day. In 50 days you'll pay your 25k..n keep making 200-500drs a day..THATS IF YOU KNOW WHAT YOUR DOING..

  8. scorpiomaj27
    July 26, 2021 at 4:58 pm

    I have about $2,500 in stock and $25,500 in student loans, struggling with the decision to cash out or not. My stocks are averaging $20 income a month that I'm essentially putting toward the student loan.

  9. CapAnson12345
    July 26, 2021 at 4:58 pm

    Yeah I don't know that I can agree here. Yes, mathwise it's as if he borrowed on a student loan for stock – you wouldn't do that. But he HAS done it. So since it's a manageable amount, and he should be able to knock out the loan in a year or two anyway, and keep the stock, assuming it's a good one. It would be a different story if his studemt loan were higher than 5% or was 30-40k, or the debt were credit cards. He'll be fine regardless and there's certainly nothing wrong with paying it off.. but to be that young and already have that kickstart towards retirement. Jealous.

  10. Knockout Investing Life
    July 26, 2021 at 4:58 pm

    Shouldn't have bought stocks in the first place with debt.

  11. Chris Rock
    July 26, 2021 at 4:58 pm

    Off this subject but I'm curious about something. Is it wise to donate money if you have debt or house needs repairs. My mother has a habit of giving too much to the church and leaving tips that are well over 15% and is in debt and has house repairs that need done. My dad passed 7 years ago and I'm sure she's given away at least 10k but the chimney is crumbling and the house needs new windows. I'd pay for it if I could but I have a wife and 2 kids. Plus the fact that she's giving money to strangers doesn't help.

  12. Pink Panda
    July 26, 2021 at 4:58 pm

    Cash those stocks out and pay off those loans before they start accumulating interest and possibly snowballing higher. Get rid of the shackles….the student loans.

  13. Valerie Wood
    July 26, 2021 at 4:58 pm

    My husband and I got married when I was 19 and he was 20 and unfortunately we started out with debt from credit cards that preyed on my husband since he was a young military guy. I wish we would have known about dave Ramsay at that age and started off on the right financial foot. 13 years into our marriage we're on baby step 2 so better late than never lol

  14. Trdflorida 20
    July 26, 2021 at 4:58 pm

    It’s not necessary to get married

  15. Elianah
    July 26, 2021 at 4:58 pm

    40K salary is not a lot but this young man is probably 22 years old with a high earning potential ahead of him. The fact that he has a degree and only accumulated 11K in student loan debt is amazing. His future is bright. He’s starting out at 40K, no debt and a fiancée in a similar situation. Bet he won’t be at 40K for long…..

  16. KB Me
    July 26, 2021 at 4:58 pm

    Vocal fry.

  17. Courtnay Power
    July 26, 2021 at 4:58 pm

    That is really good advice

  18. Courtnay Power
    July 26, 2021 at 4:58 pm

    I haven't listened to this but the answer is yes since the markets mignt crash soon

  19. Marie Saver
    July 26, 2021 at 4:58 pm

    I, d love to use the every dollor App. Unfortunately the App is not yet available here in Germany.

  20. Hurricane Gaming
    July 26, 2021 at 4:58 pm

    $11K in student loans
    $40K a year in income
    Wants to cash in stocks to pay off his debt
    Is about to get married
    Is about to get a mortgage

    Guy is gonna be in debt forever.

  21. Dan the Man
    July 26, 2021 at 4:58 pm

    If you make more on your stocks than your student loans interest, I would keep the stocks.

  22. HermannTheGreat
    July 26, 2021 at 4:58 pm

    No matter how much you have, debt always produces stress.

  23. DigitalHaze65536
    July 26, 2021 at 4:58 pm

    With the markets at all time highs, and valuations pretty high as well, this is a great time to sell the stocks and pay bad debt. Then start saving like crazy so you have something to take advantage of a crash if it happens.

  24. Investing Education
    July 26, 2021 at 4:58 pm

    Get rid of crippling debt first and foremost. Most ppl r not going to invest that well that they beat the interest penalty on credit loans. We use money we dont need for years for investing in stocks for our portfolio on our channel.

  25. Dallas Cowboy
    July 26, 2021 at 4:58 pm

    I've been ISH for like 8 months. I need help.

  26. pimpballer3
    July 26, 2021 at 4:58 pm

    Baby step one should be to avoid marriage

  27. A man has no name
    July 26, 2021 at 4:58 pm

    What house is he going to buy in two years making $40k/yr in DC? A cardboard box?

  28. R T
    July 26, 2021 at 4:58 pm

    Hold off on getting married son

  29. Lindalee Law
    July 26, 2021 at 4:58 pm

    Is She going to go along with him ? He should be referencing her in his,comments.

  30. Matthew Henson
    July 26, 2021 at 4:58 pm

    What are y'alls thoughts on student debt loan forgiveness plans from the government? I watch videos like this and I feel like I would so much rather have the experience of handling debt and grow into a better organizer of my money, instead of making the government pay for my debt.

  31. Matthew Henson
    July 26, 2021 at 4:58 pm

    Great start. The quicker you can pay those off and stay away from those mile high interest rates the better.

  32. Motoryzen
    July 26, 2021 at 4:58 pm

    Na…do whatever it takes to commit megadeath against that student loan debt..and all debt. Debt = risk. Risk = life delays…Life delays = time lost…Ya NEVER get time back. NEVER.

    STudent loans are not bankruptable.

    It is ALWAYS better to owe NO ONE and THEN build the wealth, than to think Murphy will never visit you regardless of what Baby Step you are on, or how safe you think you are.

  33. J F
    July 26, 2021 at 4:58 pm

    Great start!

  34. Daniel Iles
    July 26, 2021 at 4:58 pm

    I JUST made a video about this as well!
    Student loans don’t go away. If the market crashes and you need money you will still have to pay off the loans. I say pay it off.

  35. Very Smart Solutions
    July 26, 2021 at 4:58 pm

    Pay the debt off. Stocks can decrease in price real fast when you least expect it.

  36. Brotha1984
    July 26, 2021 at 4:58 pm

    Nope if he sells stock then hes gonna owe the tax man also unless he's selling at a loss

  37. Shane Hummus - The Success GPS
    July 26, 2021 at 4:58 pm

    Good money management and paying debt really makes you grow fast.

  38. Daniel Yeung
    July 26, 2021 at 4:58 pm

    If his percentage of return is greater on his stocks, then he should keep the stock and pay off the student loans with his income, he can deduct the interest off of his new income especially because he is single. This is the smarter move, bring on the downvotes.

  39. Stephen Williams
    July 26, 2021 at 4:58 pm

    I have $1600 debt and want to pay it off but I cannot stop eating out, what should I do Dave?

  40. SNBI
    July 26, 2021 at 4:58 pm

    Pay off the student loans ASAP. It’ll help you towards the path to wealth really fast. Best of luck and as always, be wise with your money.

  41. Daniel B
    July 26, 2021 at 4:58 pm

    I literally just sold my stock to pay off some debt, feels good.

  42. Raul J. Gomez
    July 26, 2021 at 4:58 pm

    Based off the title of the video I would say depending on he age of the individual. But if it was me 34 with $20,000 in student loans I’d say no. Just get busy in baby step 2

  43. Chris Invests
    July 26, 2021 at 4:58 pm

    At least he has some money instead of having a severely negative net worth like many with student loans 🤷‍♂️