
Originally Posted by
xStacey
I recently graduated from college with a great job, but will be taking on quite some debts to study one more year in another city. I also have some debts from prior studies, due to some mistakes I did in the past. I will be working very little this year, when I come back I will be doing the Bar school, then articling, so I still have two more years of studies. I am anticipating I will be able to pay off everything in less than two years of full-time work, but it will take me about four years, if I wait until all my debts are paid off before I start investing. I have an emergency funds and am ready to start investing in some index funds sometime this year, but I've been told by some people it would be better to pay off all my debts first, as the interests I would make are much less than the interests I will be paying on my debts...
What are your thoughts?
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