Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Should You Pay Off Student Loans Or Invest?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Yusra3, post: 306713, member: 31907"] Paying off your student loans can be a long process, but it doesn't have to be. Many people choose to invest their money instead of paying off their student loans because they believe it will earn them more money than paying off the loan. But is this true? It depends on what you're investing in. If you're going to invest in stocks or bonds, then it's definitely true that investing will earn you more money than just repaying your student loans. However, if you're going to invest in real estate, then there's no way It will earn you more money than just repaying your student loans and maybe even lose money! So keep in mind that whatever decision you make about whether or not to pay off your student loans should be based on how much interest you'll be saving over time by doing so versus how much interest will be earned by investing your money instead. According to a recent study by TD Bank, millennials are more likely to invest in stocks than pay off their student loans. In fact, 62% of millennials say they plan on investing in some form over the next year, while only 26% say they plan on paying down their student loans. It's not surprising that millennials are choosing to invest: their average student debt is just under $35,000 and has been rising steadily over the past decade. The average student loan balance was $31,000 in 2016 and will be $32,000 this year, according to data from Experian and TransUnion. So if you're looking for ways to save money and pay off your debt faster, investing might be right up your alley! We all know that investing can be risky but it doesn't have to be expensive or complicated either! There are plenty of ways to start investing without breaking the bank or becoming completely overwhelmed by financial jargon. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Should You Pay Off Student Loans Or Invest?
Top