/biz/ - Business & Finance

27m, Made a personal business investment and bought my first house a year later. I was financially secure at first, but then made a mistake of wanting to furnish the house and ran my credit card up

I can withdraw up to 4k from my retirement plan to pay one of these down

Personal loan- Owe $3000. interest rate 13.99%. with monthly payment of $200 Will be paid off in 2 years.

Credit card - Owe $5000, Interest rate 2.1% with monthly $200 will be paid off in 3 years, assuming I never use the card again

Is it a better idea to pay of the personal loan completely and then use that extra 200 per month to pay towards my credit card, or should I pay down the credit card so I only owe $1000 on it and the amount I pay in interest decreases

All right bros here's a question i've had in my mind of a long time. Should i get in debt?

I've read about the german hyperinflation after WWI and how (((those who knew))) that inflation was coming got in debt to buy stuff and then that debt became meaningless.

Will something like that happen in the near future or is there something to make me pay my full debt even after a SHTF scenario?

Recent college grad here, was fortunate enough to graduate with both my bachelors and masters degree debt free. I received a large athletic scholarship and was fortunate enough to not take on any debt. I studied finance and then got my masters in management. My masters program finished in September and I have not really been in a rush to look for a job in my field. I have just been training (I am a competitive swimmer) and getting my times down so that when I walk away from the sport I can be happy. Many of my friends are in a lot of debt but rushed to get jobs right away. I was wondering how far behind this year or two would put me behind my friends who started working right out of undergrad. Will I really be that far behind if I don't have any debt and they all have 95k plus????