No. of Recommendations: 1
I am a new investor and new to post to this board so I a LOT nervous.

I have $3500.00 outstanding student loan, $12000.00 home equity loan, and a mortgage (barely dented) at $114,000. I save $35.00 a wk of a possible $105.00 in my 401k. (I want to up that amount to the max) which is matched at $00.67 to the dollar. I have approx. $25.00 a wk going toward typical US bonds and put $75.00 a wk in my savings (which I also want to up this amount). I have about $6000.00 in my account of which $2000.00 is left over from the home equity loan.

I have no car payment although getting a new one is in order. I want to pay off the student loan before I get the car, but it is on its two hind legs tiptoeing to work and home.

I also bought 5 individual stocks and have options in another.

Am I doing Ok? Should I Pay Of the Student Loan and try to wait to get a new car?



Minimum pyments are 110 for Student loan
900 for Mort.
270 for the HEL
My student loan is 9%
HEL is 11.57%
2 credit cards no balance

Also I recently signed up with BuyandHold.com to start buying more stocks for the long term (I dont want to lose out on investing some hard earned dough and watch it grow).

What if I pay off the student loan with the $6000 and use the rest to start doubling a payment on my HEL once every two or three months. (I know this is put a fire in a sagebrush (however the saying goes HAHA), but I want to keep a few dollars in there for some emergencies as well.

Tell me what you think of this plan (good or bad)

I want to be wealthy when I retire and want to retire with my health in good shape so I can travel with my family.

Thank you for input (all of you who responded)
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