I got around $5000 left in my tuition fee loan (4.75% interest). Should I continue to make monthly repayments or pay one lump sum now?

I have enough to pay off but I don't have 6 months salary saved. A friend recommended that I invest in e.g. robo advisor or something similar to grow the money as I make repayments - no rush in paying off in full right now. But I have no motivation to read up on this, need help!

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Wilson Nid A Break

16 Apr 2020

But I have no motivation to read up on this - No pain, No gain.

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Colin Lim

16 Apr 2020

Financial Services Consultant at Colin Lim

You have 5000 loans left.. There are 2 options..
option 1: is to pay off and free of debt.
Option 2: continue to pay the loan monthly... This is leverage.

What type of person are you? Opt1 or opt 2?
You mentioned you dont have 6 month emergency after you pay the loan with lump sum?
If so, i suggest u be option 2. Repay your loan monthly leveraging your 5000.
You can invest in robo advisor for the start.
I recommend stashaway. Its easy to use.. Friendly interface. Every month put in a sum of money example $100. You go try the app...
You have to be motivated to grow your money. Your lifestyle, your future depend on your action today.
You can reach out to me if you want to understand more.
#planwithcolin

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YT

16 Apr 2020

If I were in your shoes, I would do the following under these scenarios:

a) Have slighly less than ...

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