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How do I make the most of the profit from my house sale?

I'm 37 years old and recently sold my condo and immediately paid off all credit cards. I still have a car payment and a $16,000 student loan, and have approximately $40,000 left from the sale. Does it make sense to pay off the car and/or the student loan? What are my best wealth-building options?

Debt, Real Estate
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August 2018

Congratulations on the sale of your condo.  Paying off student loans is a big milestone and would recommend using some of the money to pay this down.  Additionally you may want to look at taking a portion of the money and contributing to an IRA or Roth IRA.  The combination of paying down debt and saving for retirement in a tax sheltered way will be a big benefit for you down the road.  

August 2018
August 2018