ilmscore | Prediction Details
"same thing when it comes to your student loans or your auto loans those are liabilities that really are not producing any more value for you I mean hopefully your student loans got you a good career I don't know if I did or I didn't but hopefully it did and your car loan is for a car that's losing value each and every day so you want to pay those things off more aggressively and yeah even though you could potentially get a better return in the stock market than paying down these lower interest rates consumer debts at the end of the day that return in the stock market is not guaranteed versus getting that 6 to 7% return of paying down your auto loan or your student loans is a guaranteed return"
By Minority Mindset | February 16, 2024 | Pending
From video
Should I Pay Down My Mortgage Or Buy Stocks? 00:00:35 - 00:01:10
Interpreted Prediction
Prioritize paying off auto and student loans due to their guaranteed 'return' (interest saved), which is typically 6-7%, over investing in the stock market where returns are not guaranteed.

Prediction Details

Topic
Auto Loans and Student Loans

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