I'm 25 y/o, holding a full time job and going to study part time soon this year (~25K total with bank loan). I only have 28K in my bank (parked all of them at SSBEC). Should I start investing?

Question

25 y/o, holding a full time job and going to study part time soon this year (~25K total with bank loan). I only have 29K in my bank (parked all @ SSBEC). Usually after all the expenditure and my insurance, I have $800 left. I will dump $700 into my SSBEC cos of my uni fees (payable after my whole uni is over (no interest rate))

Now Im not sure if i should start investing due to my uni.

Leow Ting Yang · Accepted Answer

Would be wise to really understand first before investing - can start w basics such as endowment plans/ saving bonds before you move on to riskier venutres. ATB

Pang Zhe Liang · Answer

**Cash Flow**

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit.

++Here is a Guide:++

[Understanding Your Personal Cash Flow](https://www.blog.pzl.sg/understanding-your-personal-cash-flow/)

**Job Security**

Next, we need to evalaute your job security and how we can maintain your job during your part-time study. This is because this job provides you with the income to maintain a positive cash flow during your study.

**Loan**

Looking at your situation, you are able to repay the loan entirely after your study. This is only if you liquidate your SSBEC. Otherwise, we need to create a repayment plan to this end.

**Investment**

Assuming that you are able to use the funds in SSBEC to repay the education loan, then you have a surplus of $800 every month. Now, spend quality time to evaluate how you wish to plan your future and how investment can help you achieve your goals.

Thereafter, decide the amount that you are willing and able to set aside during this course to invest and grow your money for your future.

Overall, yes you should start planning ahead of time and to plan for your cashflow beyond your education. In order to boost your confidence, conduct a proper cashflow analysis and a detailed life planning.

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Nigel Tan · Answer

I would encourage you to build towards paying off your debt as soon as you can before you start investing. Unless you can guarantee that you will certainly profit with your investments that can pay a higher rate than the bank loan interest, then you can consider going for it.

Investing once you're clear and free from any debt would be alot more comfortable on the pocket both financially and mentally. The bank interest is guaranteed while your investment returns may not be.

Wilson Nid A Break · Answer

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Aaron Leow · Answer

Https://www.aaronleow.com/calculators

You can use this page to do your basic financial guidelines and skeleton.

After-which, you will need to do some financial projections tied to your 10 year financial goals. I started investing when I was 17. As such, I will not use university as a factor to dissuade anyone from starting their investment journey.