Kyle has $32K in student debt, $60K in savings and $75K in his 401K. He wants to invest in a real estate property. Should he? This is a no brainer. Kyle needs to pay off his student loans off first by using his savings. He should keep 1-2 years of living expenses in savings and use rest to tackle student debt. However, he can invest in real estate via a REIT ETF or index fund like VGSLX or VNQ through his 401K, Roth IRA or regular brokerage account. While paying off student loans, Kyle should contribute at least $100-200 a month to a retirement account.