M$D: It’s complicated
Giuseppe’s main concerns, in his own words:
I’m 36 with a wife and a 6 year old. We owe a total of about $380,000, almost all of which is student loans. We currently make about $170,000/year. In about 18 months it should increase to ~$300,000/year. Fortunately, we have some extra income available after covering our expenses and I am looking to figure out the best allocation of our current overages between saving for the future and paying off debt.
What we cover in this episode:
- Should income be used to pay off debt or build wealth?
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