It’s a strange time for student debt. On one hand, many college graduates are electing not to pay their student loans while they sit in forbearance. On the other, some debtors are choosing to take advantage of the zero-percent interest period as a way for them to pay down their loans faster. While neither of those choices is inherently wrong, they may also not be right. Today’s guest, Colton, finds himself in this position with a good $300,000 worth of student debt.

This number encompasses both Colton and his wife’s student loan payments. A good portion of their loans can be forgiven over twenty years, so which loan balance should he handle first? Thankfully, with Colton’s sizable take-home pay, he has options that many wouldn’t think of. Scott and Mindy debate on whether or not paying off debt early, waiting for forgiveness, or investing instead would be the best course of action for Colton.

Regardless of whether you have student debt, a car loan, a medical loan, or any other type of timely payment due soon, this is a calculation worth performing. Scott and Mindy also take a look at Colton’s diversified portfolio of assets, arguing that diversification could be leading him down a long path to FI, instead of helping him gain financial footing.

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Join the BiggerPockets Money Facebook Group:
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Episodes Mentioned on Today’s Show:
Robert Farrington: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-267-robert?utm_source=youtube&utm_medium=description&utm_campaign=none & https://www.biggerpockets.com/blog/money-297?utm_source=youtube&utm_medium=description&utm_campaign=none
Travis Hornsby: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-22pay-6-figure-student-loans-pursuing-financial-independence-travis-hornsby?utm_source=youtube&utm_medium=description&utm_campaign=none
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Are You Too Over-Diversified In Your Investments?
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-222-jeana?utm_source=youtube&utm_medium=description&utm_campaign=none
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Should I Invest in Real Estate or Pay Off Student Loans?
https://www.biggerpockets.com/blog/rookie-podcast-94?utm_source=youtube&utm_medium=description&utm_campaign=none
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My Death March to Financial Independence:
https://www.1500days.com/death-march-financial-independence/
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 304

Show notes at: https://www.biggerpockets.com/blog/money-304?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:45 Income and Expenses
07:44 Assets and Liabilities
10:25 Financial Goals
16:01 The Best Way to Pay Off $300k
30:39 Real Estate Investing to Pay Off Debt
38:05 Sell Off the Vehicles?
42:10 Is “The Grind” Worth It?
45:22 Private Mortgage and Health Insurance
50:02 Live in Flip Tips
01:05:26 Putting a Dent in Debt