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Anonymous
Not sure if I should get rid of my debt first OR start investing. Any advice?
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Guo Hao Teo
07 Jun 2019
Self-Taught Enthusiast at Personal Finance
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Hello!
I personally think that paying off student loan should be your priority even if your student loan may have very low interest rates.
By payiing off your student loan, you will be able to free youself up by pursuinf other major goals. Such goals include buying your house, wedding etc and even investing!
Also, if you currently have the financial resources to be able to do so, it will be best if you pay off your student loan. This way, you will also be able to have one thing off your mind after paying off your loan.
hope this helps!
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Daniel Lee (CFP®)
15 Apr 2019
Independent Wealth Management Consultant at Promiseland Independent Pte Ltd
Short answer. It depends, you have to look at it at a broader perspective and decide if either optio...
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I would think that paying of your student debt would be the top priority.
Because interest works both ways: