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Nice salary but big loans. Quick paydown?
#9

Nice salary but big loans. Quick paydown?

It's easy and popular to say "pay off all your debts as fast as you can" like those personal finance gurus spout.. But it's simply not a good idea at 0.6% interest. That's below inflation. You're being paid to hold that debt.

Just worry about your net worth. If you have $10,000 debt but $50,000 assets, it's no different to $40,000 assets.
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