In the first Friday edition of Average Money we take a listeners voice mail and give our thoughts.
Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8
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This question comes in from a 22 year old with some student loan debt. He just graduated and has the option to hold off on paying his debt, which is common when you graduate from school. Most will give you the opportunity to defer a few months till you find a job. He also has the opportunity to enter a loan forgiveness program. All that aside, he has been doing a little bit of investing in the market and is wondering if that is right move considering he has that debt. Should he pay off his debts, or defer his payments and keep investing to take advantage of his young age and the power of compound interest. This is a heated debate in the the personal finance space, so tune in to find out what our opinions are on this topic. Our answers may surprise you.
