Caleb Hammer's Student Loan Debt!

WealthFlow

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00:00Student loans, $37,313.

00:04Is that deferred?

00:05Well, until right now, yeah.

00:06What's the plan on that?

00:07They're at 4%, so minimum monthly payments until they're paid off.

00:11I feel like it's a waste of $37,000 to just throw it at it if I'm going to get average

00:1510 point whatever with dividends reinvested in the S&P 500 on average.

00:19Wouldn't this be nice just to wipe out?

00:20But the student loans, you'd pay them off?

00:22I probably would because I think financially, yes, you could arbitrage your money and you

00:28could make the 8% while you're paying out 4%.

00:32So you're talking emotionally?

00:32I just think, yeah.

00:33So it would emotionally weigh on you.

00:35So it's interesting.

00:36I think if it emotionally weighs on someone and it's a low rate, then I'm like, do it.

00:40That, I feel nothing with it existing.

00:42Nothing.

00:43I'm also a hypocrite because I still have my Tesla Model 3 loan that I took out, but it

00:47was at like 3 something percent.

00:49But I could deduct that because I use that card for driving around.

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