Based on what I learned from paying off $100k of student loans, here’s the exact order of what I think you should prioritize, and WHY 🙂
03:30 – #1 Save up a small emergency fund first
04:18 – #2 Pay off credit card debt
06:10 – #3 Max out 401(k) employer match if you have it
07:48 – #4 Invest $100 into a tax-advantaged investment account
10:00 – #5 Pay off ALL remaining debt except for mortgage
11:35 – #6 Last but not least, pursue your other saving & investing goals
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***RECOMMENDED READING LIST***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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