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- Aug 27, 2015
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Hi everyone, I'm quite new to the forum (and hesitant to post this..) but I've been reading a lot and think that this is a pretty awesome place. You all have really great insight, so I was hoping I could ask for some advice.
(I read the rules, but let me know if this is the wrong place to post, I'll move along no hard feelings [emoji14])
Anyway, I'm in first year of uni (Australia) and I have a scholarship. The thing is, it's cash in hand every semester to use as I see fit. Generally, people just use it to pay off tuition straight away (that's what parents and friends all tell me to do). Yet, part of me is thinking that I should be taking risks with this money and using it to help in any business ideas I have over the next few years.
If I just paid off debt it would probably kill off half of my degree's expenses. If I invested it in fastlane ideas, it would help a lot.
So I'm just looking for some plain old advice. I'm young and I know everyone says to get rid of debt while you can, I just want to hear what you all have to say. (Keep in mind this is Australian uni system, so I would be paying off about $20-40k student debt through tax once I earn over $50k/yr). Thanks a heap everyone!
(I read the rules, but let me know if this is the wrong place to post, I'll move along no hard feelings [emoji14])
Anyway, I'm in first year of uni (Australia) and I have a scholarship. The thing is, it's cash in hand every semester to use as I see fit. Generally, people just use it to pay off tuition straight away (that's what parents and friends all tell me to do). Yet, part of me is thinking that I should be taking risks with this money and using it to help in any business ideas I have over the next few years.
If I just paid off debt it would probably kill off half of my degree's expenses. If I invested it in fastlane ideas, it would help a lot.
So I'm just looking for some plain old advice. I'm young and I know everyone says to get rid of debt while you can, I just want to hear what you all have to say. (Keep in mind this is Australian uni system, so I would be paying off about $20-40k student debt through tax once I earn over $50k/yr). Thanks a heap everyone!
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