Anyone else getting stressed just looking at this?
Yeah, it makes me a bit sad too.
Honestly, I thought it said 29 million at first, so now it doesn’t seem so bad.
Exactly, I woke up stressed about this today.
I literally said ‘Oh no!’ out loud when I saw this.
Why do we have $110,000 in savings but still have student loans hanging around?
Better question: why have a $50K car loan while you’re still in debt?
Feels like if you have $90K in investments, you think you’re good for a $50K car loan… even though you’re still dealing with debt. This kind of thinking got me into financial trouble before.
It’s just the American way!
Trying to look flashy for everyone, I guess.
Totally. He’s making more, so he spends more… trying to keep up with the neighbors.
That’s how you claim to be living paycheck to paycheck! 
Savings might be earning more than the interest on student loans. I keep savings while still having debt, just in case something unexpected happens.
I’ve got $400K in investments but still holding onto student loans. My employer helps pay them off and the interest is low.
Maybe it’s the whole ‘better to ask for forgiveness than permission’ thing.
Low interest rates and compounding returns. He’s probably doing okay.
Isn’t his car worth $50K but the loan is just $19K? Doesn’t sound too bad. The house is $400K, and he has $75K left on the mortgage.
Totally agree. Pay minimums on student loans and let the positive equity keep building. He’s got cash in the bank, so he’s in good shape. I had $40K in savings while juggling $20K credit card debt by using 0% interest offers. You always want to keep cash on hand just in case. The key is paying off the debt before the interest hits or moving it to another 0% offer.
I’ve got six figures in a brokerage account but still keep my student loans, too. The interest rates on them are low, so I’d rather invest and earn more from that.